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Page 1
           LAPORAN TAHUNAN
              ANNUAL REPORT




MENUJU KEMAJUAN
Page 2
     Pendahuluan
     Introduction                                                               PT Duta Pertiwi Tbk




    2023 KEY PERFORMANCE
    [ACGS D.2.2]




              PENDAPATAN USAHA                            LABA BERSIH
              Revenues                                    Net Profit

                                     28,02%
                                                                            42,66%
                     38,54%                    3.862           13,28%                1.066

                                  3.017

                                                                        748
               2.178                                       660




                   2021            2022            2023    2021         2022         2023




                                                          JUMLAH LIABILITAS
              JUMLAH ASET                                 Total Liabilities
              Total Assets

                                                                   -7,19%
                          1,81%           -2,92%

                                                                                -21,23%
                                                                        4.660
                                  15.586
               15.309                                      4.347
                                               15.131
                                                                                     3.671




                   2021            2022            2023    2021         2022         2023




2                                                          Laporan Tahunan 2023 Annual Report
Page 3
PT Duta Pertiwi Tbk



        JUMLAH EKUITAS                            LABA PER SAHAM DASAR
        Total Equity                              (DALAM RP PENUH)
                                                  Basic Earnings
                                                  per Share (in full IDR)

                 - 0,32%
                           4,89%                                            42,66%

                                     11.461              13,28%

                                                                                     576
        10.961                                                        404
                        10.926                      357




         2021            2022             2023      2021             2022            2023



        KAS DAN SETARA KAS
        Cash and Cash Equivalents


                3,63%           -17,78%
                                                 dalam miliar Rupiah, kecuali dinyatakan lain
                                                   in billion Rupiah, unless otherwise stated
                        3.497
         3.375
                                      2.876




         2021            2022             2023



        TANAH YANG BELUM
        DIKEMBANGKAN                                   38,70%
                                                                              -20,73%
        Land for Development

                2,06%                                               2.118
                                  -1,27%


                                                                                 1.679
                        4.616         4.557
         4.522                                     1.527




         2021            2022             2023      2021             2022            2023




Laporan Tahunan 2023 Annual Report                                                              3
Page 4
     Pendahuluan
     Introduction                                                                        PT Duta Pertiwi Tbk




    TOWARDS PROGRESS


    Menjadi lebih baik adalah komitmen kami yang           Becoming better is our commitment which is
    diinternalisasi ke dalam nilai-nilai Perusahaan.       internalized into the Company’s values. This
    Komitmen ini telah memampukan kami untuk terus         commitment has enabled us to continue to stand
    berdiri kokoh walaupun menghadapi berbagai             strong despite facing various economic and industrial
    pasang surut ekonomi dan industri. Tahun ini           ups and downs. This year the Company has carried
    Perusahaan telah melakukan berbagai inisiatif,         out various initiatives, both in terms of products and
    baik dari sisi produk dan jasa, pasar, sinergi dan     services, markets, synergy and collaboration, and
    kolaborasi, serta dampak bagi sekitarnya. Kami telah   the impact on the surrounding area. We have and
    dan terus akan mengembangkan produk-produk             will develop superior quality, innovative and green
    berkualitas unggul, inovatif dan hijau serta segmen    products as well as alternative property segments
    properti alternatif yang diperkirakan akan menjadi     predicted to become positive trends in the future
    tren positif di masa mendatang seperti logistik dan    such as logistics and multifamily built-to-rent.
    multifamily built to rent.

    Tahun 2023 menghadirkan sebuah momentum yang           2023 brings good momentum for the Company.
    baik bagi Perusahaan. Tahun ini, di tengah tingginya   This year amidst high global pressure, we recorded
    tekanan global, kami mencatatkan pertumbuhan           significant growth. This is evidence and capital to
    yang signifikan. Ini merupakan bukti sekaligus modal   move forward, develop capabilities and capacity
    untuk melangkah maju, mengembangkan kapabilitas        more quickly and record better performance in the
    dan kapasitas dengan lebih cepat dan mencatat          future.
    kinerja yang lebih baik ke depannya.

    Merefleksikan pengalaman ke belakang kami              Looking back on our experiences, we realize that
    meyakini bahwa perjalanan yang berkelanjutan untuk     striving for improvement cannot be achieved alone.
    menjadi lebih baik tak mungkin dilalui sendirian.      Synergy, collaboration and a spirit of togetherness
    Sinergi, kolaborasi dan semangat kebersamaan           filled with integrity will be our assets as we move
    yang dipenuhi dengan integritas, akan menjadi          forward.
    keunggulan bagi kami dalam melangkah maju.




4                                                                  Laporan Tahunan 2023 Annual Report
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PT Duta Pertiwi Tbk




                      Perusahaan terus mengembangkan           The Company will continue to develop
                      kapabilitas yang memungkinkan gerak      capabilities that enable dynamic
                      dinamis untuk melampaui beragam          movement to overcome the various
                      tantangan di depan dan terus tumbuh      challenges ahead and continue to
                      bersama para pemangku kepentingan        grow together with our stakeholders.
                      kami. Tekad untuk tumbuh telah           This determination to grow has driven
                      mendorong transformasi beberapa          the transformation of several of the
                      proyek Perusahaan sehingga menjadi       Company’s projects so that they become
                      lebih modern, dinamis, lebih segar dan   more modern, dynamic, fresher and
                      menuju keharmonisan dengan alam.         towards harmony with nature.




                      Perubahan tatanan dunia dan cara         Deviations in the world order and our
                      hidup terus terjadi sampai dengan        way of life has continued beyond 2021.
                      tahun 2021. Perusahaan dengan sadar      The Company consciously develops
                      mengembangkan kemampuan untuk            the ability to become more dynamic,
                      menjadi makin dinamis, makin kokoh       stronger and grow sustainably. Again,
                      dan bertumbuh secara berkelanjutan.      with innovation and product excellence
                      Kembali dengan strategi inovasi dan      strategy, we continue to transform in
                      product excellence, kami terus berubah   order to sustain its position as a leading
                      demi mempertahankan posisi sebagai       property company in Indonesia.
                      perusahaan properti unggulan di
                      Indonesia.




Laporan Tahunan 2023 Annual Report                                                                          5
Page 6
         Pendahuluan
         Introduction                                                             PT Duta Pertiwi Tbk




                               TABLE OF CONTENTS




Kinerja Utama 2023             Informasi Perusahaan                 Informasi Pencatatan
                          2                                   30    Saham                          77
2023 Key Performance           Company Information
                                                                    Information on Stock Listing
Tema 2023                      Tentang Perusahaan
2023 Theme                4    About the Company              32    Informasi Pencatatan
                                                                    Efek Lainnya
                                                                    Information on Other           77
Kesinambungan Tema             Visi, Misi dan Nilai-nilai
Theme Continuity          5    Kami
                                                                    Securities Listing
                               Our Vision, Mission            34
                                                                    Akuntan Publik
Daftar Isi                     and Values                           Public Accountant              78
Table of Contents         6
                               Bisnis Kami
                               Our Business                   36    Lembaga dan/atau Profesi
Tentang Laporan                                                     Penunjang Pasar Modal
                          8
About The Report
                                Kegiatan Usaha                      selain AP dan KAP
                                Business Activities           36    Capital Market Supporting      79
Glosarium                                                           Institutions and/or
Glossary                  9
                                Wilayah Operasional                 Professions other than
                                Operational Area              38    AP and KAP

                                Produk-produk                       Jejak Langkah
                                                                                                   80
                                Perusahaan                    39    Milestones
                                Company Products
                                                                    Peristiwa Penting
                               Struktur Organisasi                  Event Highlights               84
                               Organizational Structure       47
                                                                    Penghargaan
                               Keanggotaan Asosiasi                                                85
                               Association Membership         48    Awards

                               Profil Direksi
                               Profile of the Directors       49
Ikhtisar Keuangan         12
Financial Highlights           Profil Dewan Komisaris
                               Profile of the Board           55
Ikhtisar Saham                 of Commissioners
Stock Highlights          14
                               Sumber Daya Manusia
                               Human Capital                  62

                               Informasi Pemegang Saham
                               Information of the             67
                               Shareholders
                               Struktur Kelompok                    Analisis Operasi
                               Usaha Perusahaan                     Per Segmen Usaha
                               Company’s Business             71                                   88
                                                                    Operational Analysis
                               Group Structure                      of Business Segments
                               Daftar Entitas Anak,
                               Entitas Asosiasi dan/atau            Analisis Keuangan
                                                                    Financial Analysis             97
                               Ventura Bersama
                               List of the Subsidiaries,      72
                               the Associates and/or                Kemampuan Membayar
Laporan Direksi
                               the Joint Ventures                   Utang dan Kolektabilitas
                          18                                        Piutang                        114
Report of the Directors        Daftar Alamat Entitas                Solvency and Receivables
                               Anak, Entitas Asosiasi               Collectability
Laporan Dewan Komisaris        dan/atau Ventura Bersama
                               Addresses of the               75
Report of the Board       24                                        Struktur Modal
of Commissioners               Subsidiaries, the Associates                                        114
                               and/or the Joint Ventures            Capital Structure




                                                              Laporan Tahunan 2023 Annual Report
  6
Page 7
PT Duta Pertiwi Tbk




Ikatan Material dan                  Direksi                          Kebijakan Anti Korupsi
                                                                136                                  199
Realisasi Investasi                  The Directors                    Anti-Corruption Policy
Barang Modal
                               115   Dewan Komisaris
Material Commitments                                                  Penerapan atas Pedoman
and Actual Investment                The Board of               145   Tata Kelola Perusahaan
Capital Goods                        Commissioners                    Terbuka
                                                                      Implementation of Public       200
Informasi dan Fakta                  Nominasi dan Remunerasi          Company Governance
Material Setelah Tanggal             Direksi dan Dewan                Guidelines
Laporan Akuntan                      Komisaris
                               116   Nomination and             152
Material Information and
Facts Subsequent to the              Remuneration of the
Accountant’s Report Date             Directors and the BOC

Prospek Usaha                        Komite Audit
                                                                156
Perusahaan                           Audit Committee
Business Prospects             116
                                                                                                     209
of the Company                       Komite Nominasi
                                     dan Remunerasi
Perbandingan Target                  Nomination and             163
dan Realisasi Tahun 2023             Remuneration Committee
2023 Comparison of Target      117
and Realization                      Komite Lain
                                     Other Committee            166
Proyeksi 2024
2024 Projections               117
                                     Sekretaris Perusahaan
                                     Corporate Secretary        167
Promosi dan Pemasaran
Promotion and Marketing        118
                                     Unit Audit Internal              Surat Pernyataan Anggota
                                                                170
Dividen                              Internal Audit Unit              Dewan Komisaris dan
Dividend                       119                                    Direksi tentang Tanggung
                                     Sistem Pengendalian              Jawab atas Laporan
Realisasi Dana Hasil                 Internal                   176   Tahunan Tahun Buku 2023
Penawaran Umum                       Internal Control System          PT Duta Pertiwi Tbk
                               120                                                                   211
Utilization of Public                                                 The Board of
Offering Proceeds                    Unit Manajemen Risiko            Commissioners’ and
                                     dan Keberlanjutan                Directors’ Statement of
                                                                177   Responsibilities for the
Informasi Material                   Risk Management and
Material Information           120   Sustainability Unit              2023 Annual Report of
                                                                      PT Duta Pertiwi Tbk
Perubahan Peraturan                  Sistem Manajemen Risiko
Perundang-undangan             122                              183   Referensi Surat Edaran
                                     Risk Management System           OJK No.16/SEOJK.04
Changes in Legislations
                                                                      /2021 & Referensi ASEAN
Perubahan Kebijakan                  Perkara Hukum Penting            Corporate Governance
                                                                187   Scorecard
Akuntansi dan Pelaporan              Substantial Legal Cases                                         213
Keuangan                       123                                    Reference of OJK
Changes in Accounting and            Informasi tentang                Circular Letter No.16/
Financial Reporting Policies         Sanksi Administratif             SEOJK.04/2021 & Referensi
                                     Information about          169   ASEAN Corporate
                                     Administrative Sanctions         Governance Scorecard

                                     Pedoman Etika                    Laporan Keuangan
                                                                      Financial Statements           239
                                     Berperilaku                190
                                     Code of Conducts

                                     Kebijakan Pemberian
                                     Kompensasi Jangka
                                     Panjang                    193
Landasan, Prinsip dan                Long-Term Compensation
Struktur Tata Kelola                 Policy
Perusahaan                     126
Foundation, Principles               Kebijakan Pengungkapan
and Structure of                     Informasi
Corporate Governance                 Disclosure Requirements    193
                                     Policy
Rapat Umum Pemegang
Saham (RUPS)                                                               Pindai di sini untuk mengakses
                               128   Sistem Pelaporan
General Meeting                      Pelanggaran                196     Laporan Tahunan 2023 secara daring
of Shareholders (GMS)                Whistleblowing System                    Scan here to online access
                                                                                of Annual Report 2023




Laporan Tahunan 2023 Annual Report
                                                                                                        7
Page 8
     Pendahuluan
     Introduction                                                                       PT Duta Pertiwi Tbk




    ABOUT THE REPORT



    Laporan ini mengacu ke SEOJK No. 16/SEOJK.04/2021      This report refers to SEOJK No. 16/SEOJK.04/2021
    tentang Bentuk dan Isi Laporan Tahunan Emiten          concerning the Form and Content of Annual Reports
    atau Perusahaan Publik serta ASEAN Corporate           of Issuers or Publicly Listed Companies and the
    Governance Scorecard (ACGS). Referensi akan hal ini    ASEAN Corporate Governance Scorecard (ACGS).
    dapat ditemukan pada bagian - bagian yang relevan      References to this can be found in the relevant
    serta indeks referensi.                                sections as well as the reference index.




    Laporan Tahunan ini mencakup pernyataan-               This Annual Report includes “forward-looking”
    pernyataan “pandangan ke depan” (forward               statements, including results from the Company’s
    looking), termasuk hasil dari kondisi keuangan,        financial condition, operations, projections, plans,
    operasi, proyeksi, rencana, strategi, kebijakan dan    strategies, policies, and Company objectives. These
    tujuan Perusahaan. Pernyataan “pandangan ke            ‘forward-looking” statements are subject to known
    depan” ini memiliki risiko yang terbaca dan tidak      and unknown risks, uncertainties, changes in national
    terbaca, ketidakpastian, perubahan kondisi ekonomi     or regional economic and political conditions,
    dan politik nasional atau regional, perubahan harga,   changes in the prices and supply and demand in
    perubahan penawaran dan permintaan di pasar,           the market, changes in foreign exchange rates,
    perubahan nilai tukar mata uang asing, perubahan       changes in legislation or regulations and accounting
    peraturan perundang-undangan atau peraturan            principles, policies and guidelines, changes in the
    dan prinsip, kebijakan dan pedoman akuntansi,          assumptions used in making such “forward-looking”
    perubahan asumsi yang digunakan dalam membuat          statements, and other factors that could cause
    pernyataan “pandangan ke depan” dan faktor lain        actual results to differ from expected results.
    yang dapat menyebabkan hasil aktual berbeda dari
    hasil yang diharapkan.

    Selanjutnya Laporan Tahunan ini menyebut               This Annual Report contains the word “Company,
    “Perusahaan” untuk mengacu kepada PT Duta              hereinafter referred to PT Duta Pertiwi Tbk., as the
    Pertiwi Tbk., sebagai Perusahaan yang menjalankan      Company that runs business in real estate. The word
    bisnis di bidang real estat. Kata “kami” kadang-       “we” is at times used in a comparable manner to
    kadang digunakan dengan cara yang sama untuk           simply refer to PT Duta Pertiwi Tbk. in general.
    mengacu kepada PT Duta Pertiwi Tbk.

    Laporan Tahunan ini dibuat dalam Bahasa Indonesia      This Annual Report is made in Indonesian and
    dan Bahasa Inggris, yang mana terjemahan               English, and the translation of Indonesian into
    teks Bahasa Indonesia ke dalam Bahasa Inggris          English is an unofficial translation. In the event of
    merupakan unofficial translation. Dalam hal terdapat   a discrepancy between the English and Indonesian
    ketidaksesuaian antara teks Bahasa Inggris dan         texts, readers of the Annual Report may refer to the
    Bahasa Indonesia, mohon pembaca Laporan Tahunan        Indonesian texts.
    ini dapat mengacu ke teks Bahasa Indonesia.




8                                                                  Laporan Tahunan 2023 Annual Report
Page 9
PT Duta Pertiwi Tbk




GLOSSARY

Singkatan      Bahasa Indonesia                                Bahasa Inggris
Abbreviation   Indonesian                                      English
ACGS           ASEAN Corporate Governance Scorecard            ASEAN Corporate Governance Scorecard
AD
               Anggaran Dasar                                  Articles of Association
AoA
AGMS           Rapat Umum Pemegang Saham Tahunan               Annual General Meeting of Shareholders
AP             Akuntan Publik                                  Public Accountant
BAE            Biro Administrasi Efek PT Sinartama Gunita      Share Registrar PT Sinartama Gunita
BI             Bank Indonesia                                  Central Bank of Indonesia
BKPM           Badan Koordinasi Penanaman Modal                Capital Investment Coordinating Board
BPS            Badan Pusat Statistik                           Central Bureau of Statistics
BEI            Bursa Efek Indonesia                            Indonesia Stock Exchange
BES            Bursa Efek Surabaya                             Surabaya Stock Exchange
BOC            Dewan Komisaris                                 The Board of Commissioners
Company        PT Duta Pertiwi Tbk                             PT Duta Pertiwi Tbk
DPS            Daftar Pemegang Saham                           List of Shareholders
DUTI           Kode Saham untuk PT Duta Pertiwi Tbk            Stock code for PT Duta Pertiwi Tbk
EGMS           Rapat Umum Pemegang Saham Luar Biasa            Extraordinary General Meeting of Shareholders
ERM            Manajemen Risiko Perusahaan                     Enterprise Risk Management
ESG            Lingkungan, Sosial dan Tata Kelola              Environment, Social and Governance
GCG            Tata Kelola Perusahaan yang Baik                Good Corporate Governance
GMS            Rapat Umum Pemegang Saham                       General Meeting of Shareholders
HMETD          Hak Memesan Efek Terlebih Dahulu                Preemptive Rights
HR             Sumber Daya Manusia                             Human Resources
IDR            Rupiah                                          Indonesian Rupiah
IHSG           Indeks Harga Saham Gabungan                     Jakarta Composite Index
ITC            International Trade Center                      International Trade Center
KAP            Kantor Akuntan Publik                           Public Accounting Firm
KPA            Kredit Pemilikan Apartemen                      Apartment Ownership Loan
KPR            Kredit Pemilikan Rumah                          Home Ownership Loan
NRC            Komite Nominasi dan Remunerasi                  Nomination and Remuneration Committee
OJK            Otoritas Jasa Keuangan                          Financial Services Authority
Perusahaan     PT Duta Pertiwi Tbk                             PT Duta Pertiwi Tbk
POJK           Peraturan Otoritas Jasa Keuangan                Financial Services Authority Regulations
PPN            Pajak Pertambahan Nilai                         Value Added Tax
PPNDTP         Pajak Pertambahan Nilai Ditanggung Pemerintah   Value Added Tax Borne by the Government
PT             Perseroan Terbatas                              Limited Liability Company
RI             Republik Indonesia                              The Republic of Indonesia
RUPS           Rapat Umum Pemegang Saham                       General Meeting of Shareholders
RUPSLB         Rapat Umum Pemegang Saham Luar Biasa            Extraordinary General Meeting of Shareholders
RUPST          Rapat Umum Pemegang Saham Tahunan               Annual General Meeting of Shareholders
Tbk            [Perusahaan] Terbuka                            Public [Company]
UU             Undang-undang                                   Regulations
UUPT           Undang-undang Perseroan Terbatas                Limited Liability Company Act
WBS            Sistem Pelaporan Pelanggaran                    Whistleblower System




Laporan Tahunan 2023 Annual Report                                                                             9
Page 10
                         Artist Impression Studio Loft Front Row
                         Kota Wisata – Cibubur




2023   Laporan Tahunan
       Annual Report
Page 11
                   PT Duta Pertiwi Tbk




2023 PERFORMANCE HIGHLIGHTS



                                  11
Page 12
                           Ikhtisar Kinerja 2023
                           2023 Performance Highlights                                                           PT Duta Pertiwi Tbk




     FINANCIAL HIGHLIGHTS
     [SEOJK 2.a] [ACGS D.2.2]                                                                  dalam jutaan Rupiah, kecuali dinyatakan lain
                                                                                                   in million Rupiah, unless otherwise stated




     Uraian                                       Description                                          2023            2022             2021

     ASET                                         ASSETS

     Aset Lancar                                  Current Assets                                  7.632.828        8.165.460       7.924.474
     Kas dan setara kas                           Cash and cash equivalents                       2.875.636        3.497.490       3.375.031
     Piutang usaha                                Trade accounts receivables                         23.545           20.840          22.278
     Investasi jangka pendek                      Short-term investments                            277.638          312.107         391.418
     Persediaan                                   Inventories                                     4.025.717        3.858.056       3.749.273
     Uang muka                                    Advances                                           27.323           88.325          38.936
     Aset lancar lainnya                          Other current assets                              402.969          388.642         347.538
     Aset Tidak Lancar                            Noncurrent Assets                               7.498.661        7.420.718       7.384.449
     Investasi dalam saham                        Investment in shares                              589.898          447.245         406.730
     Tanah yang belum dikembangkan                Land for development                            4.557.125        4.615.527       4.522.333
     Aset tetap                                   Property and equipment                            226.826          233.051         244.177
     Properti investasi                           Investment properties                           2.093.186        2.084.737       2.185.272
     Aset tidak lancar lainnya                    Other noncurrent assets                            31.626           40.158          25.937

                                 JUMLAH ASET                                  TOTAL ASSETS      15.131.489        15.586.178      15.308.923

     LIABILITAS                                   LIABILITIES

     Liabilitas Jangka Pendek                     Current Liabilities                             2.827.911        3.354.913       2.425.833
     Utang usaha                                  Trade accounts payable                            398.147          219.367         265.485
     Liabilitas kontrak                           Contract liabilities                            1.908.686        2.682.374       1.639.265
     Uang muka diterima                           Advances received                                  72.342           80.853          88.741
     Bagian liabilitas jangka panjang yang
     akan jatuh tempo dalam waktu satu            Current portion of long-term liabilities:
     tahun:
       Utang bank jangka panjang                    Long-term bank loan                                    -               -          91.398
       Liabilitas sewa pembiayaan                   Lease liabilities                                 2.482            2.577           2.659
     Liabilitas jangka pendek lainnya             Other current liabilities                         446.254          369.742         338.285
     Liabilitas Jangka Panjang                    Noncurrent Liabilities                            842.691        1.305.025       1.921.601
     Liabilitas jangka panjang - setelah
                                                  Long-term liabilities - net of current
     dikurangi bagian yang akan jatuh tempo
                                                  portion:
     dalam waktu satu tahun:
       Utang bank jangka panjang                    Long-term bank loan                                    -               -          69.757
       Liabilitas sewa pembiayaan                   Lease liabilities                                      -           2.013             368
     Liabilitas kontrak                           Contract liabilities                              587.480          750.276       1.112.929
     Uang muka diterima                           Advances received                                   7.132          122.450         116.222
     Sewa diterima dimuka                         Rental advances                                   104.869          291.297         481.680
     Liabilitas jangka panjang lainnya            Other noncurrent liabilities                      143.210          138.989         140.645

                          JUMLAH LIABILITAS                              TOTAL LIABILITIES        3.670.602        4.659.938       4.347.434

                            JUMLAH EKUITAS                                    TOTAL EQUITY       11.460.887       10.926.240      10.961.489

       JUMLAH LIABILITAS DAN EKUITAS                     TOTAL LIABILITIES AND EQUITY            15.131.489       15.586.178      15.308.923




12                                                                                         Laporan Tahunan 2023 Annual Report
Page 13
PT Duta Pertiwi Tbk




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




Uraian                                      Description                                         2023            2022             2021

Pendapatan usaha                            Revenues                                       3.862.424        3.017.086       2.177.784
Beban pokok penjualan                       Cost of revenues                               1.546.864        1.072.136         825.182
Laba kotor                                  Gross profit                                   2.315.560        1.944.950       1.352.602
Beban usaha                                 Operating expenses                             1.123.099          965.451         729.889
Laba usaha                                  Profit from operation                          1.192.461          979.499         622.713
Penghasilan (beban) lain-lain               Other income (expenses)                           88.426        (114.749)         104.816
Ekuitas pada laba (rugi) bersih dari        Share in Net income (loss)
                                                                                               6.601          (16.395)          3.794
investasi dalam saham                       of investees
Laba sebelum pajak                          Profit before tax                              1.287.488          848.355         731.323
Beban pajak kini                            Current tax expense                                2.226            1.658           1.210
Laba tahun berjalan                         Net profit for the year                        1.285.262          846.697         730.113
Penghasilan (rugi) komprehensif lain        Other comprehensive income (loss)                 (2.393)           1.511           9.259
Jumlah penghasilan komprehensif             Total comprehensive income                     1.282.869          848.208         739.372

Jumlah laba tahun berjalan yang dapat       Total profit for the year
diatribusikan kepada:                       attributable to:

    Pemilik entitas induk                       Owners of the Parent Company               1.066.421          747.550         659.891
    Kepentingan nonpengendali                   Non-controlling interests                    218.841           99.147          70.222

Jumlah penghasilan komprehensif yang        Total comprehensive income
dapat diatribusikan kepada:                 attributable to:

    Pemilik entitas induk                       Owners of the Parent Company               1.064.323          749.058         668.231
    Kepentingan nonpengendali                   Non-controlling interests                    218.546           99.150          71.141
Laba per saham dasar (dalam Rupiah penuh)   Basic earnings per share (in full Rupiah)         576,44           404,08          356,70




Uraian                                      Description                                         2023            2022             2021

Marjin laba usaha                           Operation profit margin                          30,87%           32,47%           28,59%
Marjin laba sebelum pajak                   Profit before tax margin                         33,33%           28,12%           33,58%
Marjin laba bersih                          Net margin                                       27,61%           24,78%           30,30%
Imbal hasil ekuitas                         Return on equity                                 11,21%            7,75%            6,66%
Imbal hasil aset                            Return on asset                                   8,49%            5,43%            4,77%
Rasio utang terhadap aset                   Debt to asset ratio                               0,00%            0,00%            1,05%
Rasio utang bersih terhadap ekuitas         Net debt to equity ratio                        Net Cash        Net Cash         Net Cash
Rasio lancar                                Current ratio                                       2,70             2,43            3,27




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                        Ikhtisar Kinerja 2023
                        2023 Performance Highlights                                                                  PT Duta Pertiwi Tbk




     STOCK HIGHLIGHTS
     [SEOJK 2.b.1]



     Saham Perusahaan dengan kode DUTI hanya                                  The Company’s share with stock code DUTI is only
     diperdagangkan di Bursa Efek Indonesia.                                  traded on Indonesia Stock Exchange.




     Rp/saham – IDR/Shares                                                                                                  Lembar – Shares

     6.000                                                                                                                          700.000

                                                                                                                                    600.000
     5.000

                                                                                                                                    500.000
     4.000
                                                                                                                                    400.000
     3.000
                                                                                                                                    300.000

     2.000
                                                                                                                                    200.000

     1.000                                                                                                                          100.000


     0                                                                                                                                    0
             Jan   Feb Mar Apr May June   Jul   Aug Sep   Oct Nov Dec   Jan   Feb Mar Apr May Jun   Jul    Aug Sep   Oct Nov Dec
                                     2022                                                      2023

                                                     Harga Penutupan – Closing Price                      Volume (Saham/Shares)




14                                                                                     Laporan Tahunan 2023 Annual Report
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PT Duta Pertiwi Tbk




                     Harga Saham / Lembar                                   Volume                      Nilai       Kapitalisasi
                       Stock Price / Share                                                 Nilai
                                                            Jumlah         Transaksi                  Transaksi         Pasar
                                                                                        Frekuensi
 Tahun                                                      Lembar         (Lembar)                  (Rp Miliar)      (Rp Miliar)
                                                                                           (Kali)
  Year                                                      Saham           Trading                    Trading          Market
                                                                                        Frequency
         Pembukaan    Tertinggi   Terendah   Penutupan    Total Shares      Volume                      Value       Capitalization
                                                                                          (Times)
          Opening      Highest     Lowest     Closing                       (Share)                 (IDR Billion)    (IDR Billion)



 2022       3.390      5.950       3.240       4.140     1.850.000.000     5.774.800      5.275        27,24                7.659

  Q1        3.390      4.180       3.240       4.090     1.850.000.000       270.700        510          0,97               7.567

  Q2        4.050      5.950       3.820       4.610     1.850.000.000     2.028.000      1.735          9,56               8.529

  Q3        4.610      5.400       3.900       3.930     1.850.000.000     3.364.100      2.603        15,58                7.271

  Q4        3.900      4.170       3.640       4.140     1.850.000.000       112.000        427          1,12               7.660




                     Harga Saham / Lembar                                   Volume                      Nilai       Kapitalisasi
                       Stock Price / Share                                                 Nilai
                                                            Jumlah         Transaksi                  Transaksi         Pasar
                                                                                        Frekuensi
 Tahun                                                      Lembar         (Lembar)                  (Rp Miliar)      (Rp Miliar)
                                                                                           (Kali)
  Year                                                      Saham           Trading                    Trading          Market
                                                                                        Frequency
         Pembukaan    Tertinggi   Terendah   Penutupan    Total Shares      Volume                      Value       Capitalization
                                                                                          (Times)
          Opening      Highest     Lowest     Closing                       (Share)                 (IDR Billion)    (IDR Billion)



 2023       4.140      4.950       3.940       4.620     1.850.000.000       824.800      1.393          3,73               8.547

  Q1        4.140      4.890       3.940       4.600     1.850.000.000       591.600        426          2,65               8.510

  Q2        4.520      4.950       4.200       4.500     1.850.000.000        73.400        345          0,34               8.325

  Q3        4.480      4.950       4.250       4.730     1.850.000.000        92.000        298          0,43               8.751

  Q4        4.730      4.850       4.360       4.620     1.850.000.000        67.800        324          0,31               8.547




Aksi Korporasi [SEOJK 2.b.2]                                    Corporate Actions
Pada tahun 2023, tidak ada aksi korporasi yang                  In 2023, there was no corporate action that caused the
mengakibatkan terjadinya perubahan pada saham,                  change in the stock, including stock split, reverse stock,
termasuk pemecahan saham, penggabungan saham,                   stock dividends, bonus stock, change in the nominal
dividen saham, saham bonus, perubahan nilai nominal             value of the stock, issuance of convertible securities,
saham, penerbitan efek konversi, serta penambahan               as well as capital addition and reduction.
dan pengurangan modal.

Penghentian Sementara/Pembatalan Pencatatan                     Temporary Suspension/ Delisting
Saham [SEOJK 2.b.3]
Pada tahun 2023, saham Perusahaan tidak dihentikan              In 2023, the Company stocks were no suspended or
maupun dibatalkan, baik sementara maupun permanen.              delisted, temporarily or permanently.




Laporan Tahunan 2023 Annual Report                                                                                                   15
Page 16
                         Artist Impression Vermont Residence
                         Kota Wisata – Cibubur




2023   Laporan Tahunan
       Annual Report
Page 17
              PT Duta Pertiwi Tbk




REPORT TO STAKEHOLDERS



                             17
Page 18
                                 Laporan Kepada Pemangku Kepentingan
                                 Report to Stakeholders                                      PT Duta Pertiwi Tbk




     REPORT OF THE DIRECTORS
     [SEOJK 2.c]




     Pencapaian tahun ini tak lepas dari upaya inovasi
     produk yang dilakukan secara konsisten serta layanan
     yang unggul kepada konsumen.

     This year’s achievement cannot be separated from consistent
     product innovation efforts and superior service to consumers.




     Direktur Utama
     President Director




     Para Pemegang Saham yang terhormat,                      Our Respected Stakeholders,
     Perusahaan telah berdiri kokoh lebih dari 30 tahun,      The Company has been established for more than 30
     berkat komitmen bersama untuk terus menjadi lebih        years, thanks to a shared commitment to continuously
     baik dan membuktikan diri sebagai perusahaan             improve and prove itself as a national property
     properti nasional yang patut dibanggakan.                company to be proud of.

     Pada tahun ini, Perusahaan mencatat Pendapatan           This year, the Company recorded Revenue and Net
     Usaha dan Laba Bersih sebesar Rp3,86 triliun             Profit of IDR3.86 trillion and IDR1.07 trillion, growing
     dan Rp1,07 triliun, tumbuh 28,02% dan 42,66%.            by 28.02% and 42.66%. The performance exceeded
     Kinerja tersebut di atas target tahunan baik dari sisi   our annual target in terms of revenue and net profit.
     pendapatan maupun laba bersih. Sementara itu,            The Company’s marketing sales achievement record is
     pencapaian prapenjualan Perusahaan adalah Rp1,68         IDR1.68 trillion or 98.24% compared to the target.
     triliun atau 98,24% dibandingkan target.

     Pencapaian ini tak lepas dari upaya inovasi produk       This achievement cannot be separated from consistent
     yang dilakukan secara konsisten serta layanan yang       product innovation efforts and superior service to
     unggul kepada konsumen. Konsistensi dalam hal            consumers. Consistency in this regard has contributed
     ini telah berkontribusi signifikan terhadap reputasi     significantly to the Company’s reputation which in turn
     Perusahaan yang pada gilirannya telah menghasilkan       has generated market loyalty.
     loyalitas pasar.




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PT Duta Pertiwi Tbk




KINERJA PERUSAHAAN                                         COMPANY PERFORMANCE
Strategi dan Kebijakan Strategis [SEOJK 2.c.1.a]           Strategy and Strategic Policy
Indonesia pada tahun 2023, berada dalam tahap              In 2023, Indonesia is in the post-pandemic recovery
pemulihan paska pandemi dan sedang bersiap-siap            stage and prepared to welcome the political year in
menyambut tahun politik pada 2024. Situasi ini menjadi     2024. This situation is becoming more complex due to
lebih kompleks karena tekanan inflasi yang datang dari     inflationary pressures that come from high commodity
tingginya volatilitas harga komoditi.                      price volatility.

Tekanan inflasi global yang tinggi ini direspon dengan     This high global inflation pressure was responded
kenaikan suku bunga di banyak negara, termasuk             to by increasing interest rates in many countries,
Indonesia. BI telah dua kali menaikkan suku bunga          including Indonesia. BI has raised interest rates twice
sehingga pada Oktober 2023, suku bunga acuan               so in October 2023, the benchmark rate was 6.00%.
menjadi 6,00%.

Di sisi positif, kondisi ekonomi Indonesia sendiri tetap   On the positive side, Indonesia’s economic condition
terjaga. Neraca perdagangan tetap surplus, inflasi         remains stable. The trade balance remains in surplus,
masih di dalam kisaran target BI, dan kinerja NPL          inflation is still within BI’s target range, and NPL
(non-performing loan) baik. Kajian BI menunjukkan          (non-performing loan) performance is good. BI’s
optimisme masyarakat tetap tinggi dan manufaktur           study shows that public optimism remains high and
tetap ekspansif. Data BKPM juga menunjukkan                manufacturing remains expansive. Data from the
bahwa arus investasi tumbuh. Faktor-faktor ini             BKPM also shows that investment flows are growing.
mendukung pertumbuhan ekonomi Indonesia tahun              These factors support Indonesia’s economic growth in
2023 sebesar 5,05%.                                        2023 by 5,05%.

Kondisi industri properti di tahun 2023 telah              The condition of the property industry in 2023 has
menunjukkan pemulihan yang menggembirakan.                 shown an encouraging recovery. The BI Residential
Survei Harga Properti Residensial BI mengindikasikan       Property Price Survey indicates that residential
perkembangan harga properti residensial yang               property prices grew 1,74% compared to 2022. JLL
tumbuh 1,74% dibandingkan 2022. JLL dan Leads              and Leads Property found stable occupancy levels in
Property menemukan tingkat okupansi yang stabil            various office buildings, malls and modern warehouses
di berbagai gedung perkantoran, mal dan gudang             in Jakarta. Demand for retail space was recorded to
modern di Jakarta. Permintaan ruang ritel tercatat         increase, driven largely by the food and beverage
meningkat yang didorong sebagian besar oleh                sector. The government has also issued regulations
sektor makanan dan minuman. Pemerintah juga telah          providing PPNDTP incentives for houses priced up to
menerbitkan peraturan pemberian insentif PPNDTP            IDR5 billion.
untuk rumah dengan harga sampai dengan Rp5 miliar.

Menghadapi       kondisi    yang    positif  dengan        Facing positive conditions with high uncertainty, we
ketidakpastian tinggi ini, kami menerapkan prinsip         apply the principle of prudence in every decision we
kehati-hatian di dalam setiap keputusan yang diambil.      take. Our main strategy remains to deliver property
Strategi utama kami tetap menghantarkan produk-            products that are superior in quality, innovative, green
produk properti yang berkualitas unggul, inovatif,         and in line with current trends.
hijau dan sesuai tren yang sedang berjalan.

Beberapa klaster yang diluncurkan pada tahun ini           Several clusters launched this year are well absorbed
diserap dengan baik oleh pasar. Di Taman Banjar            by the market. At Taman Banjar Wijaya, we launched
Wijaya, kami meluncurkan Excelia, sebuah hunian            Excelia, a millennial residence that offers accessibility
milenial yang menawarkan aksesibilitas dengan desain       with a modern minimalist design. Meanwhile at Grand
minimalis modern. Sementara di Grand Wisata, klaster       Wisata, the Tanamas cluster was developed with an
Tanamas dikembangkan dengan layout ruangan                 efficient room layout and close to commercial centers.
efisien dan dekat dengan pusat komersial.

Produk lain mengusung konsep modern dan                    Another product that carries a modern and sustainable
keberlanjutan adalah Klaster Chelsea di Bukit Wisata       concept is the Chelsea Cluster in Bukit Wisata Mas
Mas yang mengusung konsep “Bring the Nature Home”.         which has the concept of “Bring the Nature Home”.




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                                  Laporan Kepada Pemangku Kepentingan
                                  Report to Stakeholders                                      PT Duta Pertiwi Tbk




     Klaster ini menawarkan hunian yang dirancang              This cluster offers residences designed with post-
     dengan pertimbangan kehidupan pasca pandemi dan           pandemic life in mind and equipped with 360° green
     dilengkapi dengan fasilitas 360° green belt park untuk    belt park facilities to provide a green and cool natural
     menghadirkan suasana alam hijau dan sejuk.                atmosphere.

     Dengan dukungan brand Sinar Mas Land, kami                With the support of the Sinar Mas Land brand, we carry
     melakukan promosi dan pemasaran yang makin                out promotions and marketing that are increasingly
     inovatif dan dinamis serta berbasis digital. Pada tahun   innovative and dynamic and digitally based. This year,
     ini, kami terlibat di dalam program pemasaran nasional    we are involve in a national marketing program entitled
     bertajuk Smart Move yang memberi kemudahan                Smart Move which provides convenience and ease of
     dan keringanan bayar bagi konsumen serta loyalty          payment for consumers as well as a loyalty program
     program bertajuk Sinar Mas Land Precious.                 entitled Sinar Mas Land Precious.

     Strategi kedua yang tak kalah pentingnya adalah           The second strategy that is no less important is to
     menyeimbangkan portofolio prapenjualan dan                balance the marketing sales portfolio and recurring
     pendapatan berulang. Keseimbangan portofolio ini          income. This balance portfolio enables us to capitalize
     memampukan kami untuk memanfaatkan momentum               on growth momentum, while providing stability in
     pertumbuhan,       namun      sekaligus   memberikan      performance. This year, we have invested in developing
     stabilitas di dalam kinerja. Pada tahun ini, kami telah   several projects that have the potential to generate
     berinvestasi untuk mengembangkan beberapa proyek          recurring income, including the expansion of DP Mall
     yang berpotensi untuk menghasilkan pendapatan             Semarang into a leading lifestyle mall designed with a
     berulang, termasuk perluasan DP Mall Semarang             green open space concept.
     menjadi lifestyle mall terdepan yang didesain dengan
     konsep ruang terbuka hijau.

     Kedua strategi di atas berhasil membawa Perusahaan        The two strategies above succeeded in bringing
     kepada pencapaian-pencapaian yang sesuai, bahkan          the Company to appropriate achievements, even
     melampaui target awal tahun.                              exceeding the target at the beginning of the year.


     Peran Direksi dalam Perumusan dan Implementasi            The Role of the Directors in the Formulation and
     Strategi dan Kebijakan Strategis [SEOJK 2.c.1.b]          Implementation of Strategy and Strategic Policy
     Dalam perumusan strategi yang tepat, Direksi dibantu      In formulating appropriate strategies, the Directors
     oleh berbagai unit kerja untuk mengumpulkan data          was assisted by various work units to collect important
     yang penting untuk mengambil keputusan-keputusan          data to make appropriate decisions in accordance
     yang tepat sesuai dengan kondisi yang dihadapi            with the conditions faced by the Company.
     Perusahaan.

     Data-data yang terkumpul didiskusikan dalam rapat-        The collected data was discussed in the Directors
     rapat Direksi, yang bilamana diperlukan dapat             meetings, which if necessary can invite representatives
     mengundang perwakilan dari unit kerja yang relevan.       from relevant work units. In the event that strategic
     Dalam hal keputusan-keputusan yang strategis perlu        decisions need to be taken, the Directors discusses
     diambil, Direksi berdiskusi dengan BOC melalui rapat-     with the BOC through joint meetings with the BOC.
     rapat gabungan dengan BOC.

     Kami melakukan pemantauan terhadap pencapaian             At all times, we monitor the achievement of targets
     target-target serta penerapan kebijakan di lapangan       and the implementation of policies in the field. We
     setiap saat. Kami melakukan berbagai kunjungan            carry out various field visits and meetings with various
     lapangan dan rapat dengan berbagai unit kerja             related work units to ensure the best conditions
     terkait untuk memastikan kondisi yang terbaik             for implementing the strategy. In this way, we also
     dalam implementasi strategi. Dengan cara tersebut         identify obstacles that have the potential to hinder
     pula, kami mengidentifikasi kendala-kendala yang          the achievement of targets and enable us to make
     berpotensi untuk menghambat pencapaian target             decisions regarding changes to strategy or policy.
     dan memampukan kami untuk mengambil keputusan
     terkait perubahan strategi atau kebijakan.




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PT Duta Pertiwi Tbk




Pencapaian Perusahaan Tahun 2023 [SEOJK 2.c.1.d]           Company Achievements in 2023
Kami melaporkan pencapaian yang diperoleh Perusahaan       We report the achievements obtained by the
dari dua sisi, yaitu operasional dan finansial. Secara     Company from two sides, namely operational and
operasional, kami telah menghantarkan produk-produk        financial. Operationally, we have delivered superior
berkualitas unggul yang didesain untuk menjawab            quality products that are designed to answer various
berbagai kebutuhan dan yang disukai oleh pasar. Kinerja    needs and are preferred by the market. Marketing
prapenjualan mencapai Rp1,68 triliun.                      sales performance reached IDR1,68 trillion.

Di Grand Wisata saja pada tahun ini kami telah             At Grand Wisata alone this year we have launched
meluncurkan beberapa klaster, yaitu Levante at Klasika     several clusters, namely Levante at Classica
dan Tanamas yang keduanya didukung desain ramah            and Tanamas, both of which are supported by
lingkungan dan dijual di bawah harga Rp2 miliar.           environmentally friendly designs and are sold for under
Bahkan Grand Wisata Bekasi telah menjadi satu-satunya      IDR2 billion. In fact, Grand Wisata Bekasi has become
township yang mendapatkan akses tol Jakarta-Cikampek       the only township that has access to the Jakarta-
dan JORR 2. Grand Wisata tahun ini mencatatkan             Cikampek and JORR 2 toll roads. Grand Wisata this
prapenjualan sampai dengan Rp855,27 miliar.                year recorded marketing sales of IDR855.27 billion.

Sementara di lokasi lainnya, Perusahaan juga               Meanwhile in other locations, the Company is also
menawarkan klaster Excelia di Taman Banjar Wijaya          offering the Excelia cluster in Taman Banjar Wijaya for
untuk harga di bawah Rp2 miliar per unit. Bagi pasar       prices under IDR2 billion per unit. For the more high-
yang lebih high-end, klaster Vermont dan Front Row         end market, the Vermont cluster and Front Row Studio
Studio Loft di Kota Wisata Cibubur dan klaster Solite      Loft in Kota Wisata Cibubur and the Solite cluster in
di Taman Permata Buana ditawarkan dengan harga             Taman Permata Buana are offered with prices starting
mulai dari Rp2,4 miliar.                                   from IDR2.4 billion.

Kami juga memperkuat portofolio pendapatan                 We also strengthened our recurring income portfolio.
berulang.    Di    Semarang,      kami    melakukan        In Semarang, we are carrying out groundbreaking for
groundbreaking untuk perluasan DP Mall Semarang            the expansion of DP Mall Semarang which will become
yang akan menjadi lifestyle mall terdepan yang             a leading lifestyle mall designed with the concept
dirancang dengan konsep ruang terbuka hijau atau           of green open space or the first eco-building in the
eco-building pertama di Kota Semarang. Di ITC              city of Semarang. At ITC Cempaka Mas, we signed
Cempaka Mas, kami melakukan penandatanganan                a Cooperation Agreement (PKS) with Hapimart to
Perjanjian Kerja Sama (PKS) dengan Hapimart untuk          manage the 11,000 m² retail center at ITC Cempaka
mengelola pusat ritel 11.000 m2 di ITC Cempaka Mas.        Mas. Both will potentially increase recurring revenue
Keduanya berpotensi akan meningkatkan pendapatan           starting in 2024.
berulang mulai tahun 2024.

Di sisi finansial pun, pencapaian Perusahaan               On the financial side, the Company’s achievements
membanggakan. Pertumbuhan Pendapatan Usaha                 are also impressive. Revenues growth was 28,02% to
adalah 28,02% menjadi Rp3,86 triliun. Pencapaian           IDR3.86 trillion. The achievement exceeded the target
ini melampaui target awal tahun yaitu Rp2,97 triliun.      at the beginning of the year namely IDR2.97 trillion. The
Pertumbuhan terbesar terjadi pada penjualan tanah dan      largest growth occurred in sales of land and buildings
bangunan strata title yaitu sebesar 82,56%. Hasilnya,      with strate title namely 82,56%. As a result, Net Profit
Laba Bersih pun naik sebesar 42,66% menjadi Rp1,07         increased by 42,66% to IDR1.07 trillion, exceeding the
triliun, melampaui target Rp904,04 miliar.                 target of IDR904.04 billion.

Di sisi neraca, Perusahaan tetap kokoh dengan Total        On the balance sheet, the Company remains strong
Aset Rp15,13 triliun dan Total Ekuitas Rp11,46 triliun.    with Total Assets of IDR15.13 trillion and Total Equity of
Kas dan Setara Kas tetap kuat di Rp2,88 triliun, sebesar   IDR11.46 trillion. Cash and Cash Equivalents remained
Rp178,77 miliar berasal dari kas dari aktivitas operasi.   strong at IDR2.88 trillion, with IDR178.77 trillion coming
                                                           from cash from operating activities.




Laporan Tahunan 2023 Annual Report                                                                                      21
Page 22
                                         Laporan Kepada Pemangku Kepentingan
                                         Report to Stakeholders                                              PT Duta Pertiwi Tbk




     Kendala yang Dihadapi Tahun 2023 [SEOJK 2.c.1.e]                        Obstacles Faced in 2023
     Sepanjang tahun kami menghadapi beberapa                                Throughout the year we faced several obstacles and
     kendala dan tantangan yang dialami oleh industri                        challenges experienced by the national property
     properti nasional. Pertama adalah ketidakpastian                        industry. The first was global uncertainty caused by
     global yang disebabkan oleh tensi geopolitik yang                       high geopolitical tensions in several parts of the world
     tinggi di beberapa belahan dunia serta perlambatan                      and slowing global economic growth. Apart from that,
     pertumbuhan ekonomi global. Selain itu, ada pula                        there is also the uncertainty of the political year, where
     ketidakpastian tahun politik, yang mana secara historis                 historically there has been a wait-and-see situation in
     terjadi wait-and-see dalam pembelian properti.                          property purchase.

     Namun produk-produk Perusahaan terus mendapatkan                        However, the Company’s products continue to gain a
     pasar yang baik karena konsistensi kualitas produk dan                  good market share due to the consistency of product
     jejak rekam kami yang baik.                                             quality and our good track record.

     Kedua, kenaikan suku bunga yang mengurangi                              Second, the increase in interest rates reduces
     daya beli properti pada beberapa segmen. Dalam                          property purchasing power in several segments. In
     kondisi ini, perbankan menjadi lebih selektif dalam                     this condition, banks have become more selective in
     memberikan pinjaman pembiayaan termasuk KPR dan                         providing financing loans, including KPR and KPA*.
     KPA*. Program Smart Move serta kerjasama holding                        The Smart Move Program and the holding company’s
     company dengan beberapa institusi keuangan                              collaboration with several additional financial
     tambahan berhasil menarik segmen-segmen pasar                           institutions have succeeded in attracting new market
     yang baru.                                                              segments.

     Prospek Usaha Jangka Panjang dan Tahun 2024 [SEOJK 2.c.2]               Long Term Business Prospects and the year 2024
     Lembaga-lembaga internasional meyakini bahwa                            International institutions believe that Indonesia’s
     pertumbuhan ekonomi Indonesia akan sama bahkan                          economic growth will be the same or even better
     lebih baik di tahun 2024. Bank Dunia memproyeksikan                     in 2024. The World Bank projects growth in 2024 at
     pertumbuhan tahun 2024 sebesar 4,9%, sementara                          4.9%, while the OECD is 5.2%.
     OECD 5,2%.

     Lembaga       pemeringkat      internasional  juga                      International rating agencies also maintain
     mempertahankan peringkat Indonesia pada level                           Indonesia’s rating at investment grade level.
     investment grade. Moody’s Rating: Baa2/stable,                          Moody’s Rating: Baa2/stable, S&P Rating: BBB/
     S&P Rating: BBB/stable, dan Fitch Rating: BBB/                          stable, and Fitch Rating: BBB/stable. Moreover,
     stable. Apalagi daya saing Indonesia kini sudah                         Indonesia’s competitiveness has now risen to
     naik ke peringkat 34 (2022:44), menurut IMD Global                      34th place (2022:44), according to the IMD Global
     Competitiveness Index 2023.                                             Competitiveness Index 2023.

     Bauran kebijakan pemerintah dan BI merefleksikan                        The mix of government and BI policies reflects pro-
     kebijakan-kebijakan pro bisnis, termasuk properti.                      business policies, including property. We are optimistic
     Kami optimis bauran kebijakan ini akan mampu untuk                      that this policy mix will be able to maintain monetary
     mempertahankan stabilitas moneter dan sekaligus                         stability and at the same time encourage real growth
     mendorong pertumbuhan riil dan daya beli masyarakat.                    and people’s purchasing power. It is estimated that BI
     Diperkirakan BI juga akan menahan suku bunga agar tidak                 will also hold interest rates from rising again due to
     naik lagi karena kondisi ketidakpastian yang masih tinggi.              conditions of still high uncertainty.

     Tahun 2023 telah menunjukkan pemulihan di berbagai                      2023 has shown recovery in various property sectors
     sektor properti yang diperkirakan akan berlanjut                        which was expected to continue in 2024, especially
     pada tahun 2024, khususnya paska pemilu yang                            after a safe election. In view of this, we have set a
     aman. Memandang hal ini, kami telah menetapkan                          marketing sales target of IDR2.10 trillion, revenues of
     target prapenjualan Rp2,10 triliun, pendapatan usaha                    IDR3.85 trillion and net profit of IDR1.45 trillion.
     sebesar Rp3,85 triliun dan laba bersih Rp1,45 triliun.

     Untuk mencapai target tersebut, rapat gabungan bersama                  To achieve this target, a joint meeting with the Directors
     Direksi dan BOC telah menetapkan strategi-strategi yang                 and BOC has determined strategies that are relevant

     Sumber • Source :
     *) Kepala Center of Economics and Finance INDEF M Rizal Taufikurrahman
        Head of the Center of Economics and Finance INDEF M Rizal Taufikurrahman

22                                                                                   Laporan Tahunan 2023 Annual Report
Page 23
PT Duta Pertiwi Tbk




relevan dengan situasi yang berjalan, yaitu (1) secara    to the current situation, namely (1) consistently proving
konsisten membuktikan bahwa kami menghantarkan            that we deliver superior quality, innovative and green
produk-produk berkualitas unggul, inovatif dan hijau;     products; (2) continue to look for new opportunities,
(2) terus mencari peluang-peluang baru termasuk pada      including in the alternative property segment; (3)
segmen properti alternatif; (3) mendorong pendalaman      encouraging market deepening with increasingly
pasar dengan promosi dan pemasaran yang makin             innovative, digital-based and dynamic promotions
inovatif, berbasis digital dan dinamis.                   and marketing.

Ke depannya, kami tetap melihat bahwa industri            Looking ahead, we continue to see that the property
properti masih sangat prospektif. Indonesia masih         industry is still very prospective. Indonesia still has
memiliki backlog properti yang besar, sehingga            a large property backlog, so potential demand is
potensi permintaan masih signifikan. Beberapa             still significant. Several properties that we view as
properti yang kami pandang memiliki potensi untuk         having the potential to be developed in accordance
digarap sesuai dengan kompetensi Perusahaan               with the Company’s competence are properties
adalah properti yang berwawasan ramah lingkungan          that are environmentally friendly and close to public
dan dekat dengan transportasi publik, serta properti-     transportation, as well as properties that create
properti yang menciptakan pendapatan berulang.            recurring income.

Penerapan Tata Kelola Perusahaan [SEOJK 2.c.3]            Implementation of Corporate Governance
Kami selalu berupaya menjadi lebih baik melalui           We always strive to be better through implementing
penerapan tata kelola perusahaan yang makin baik          better corporate governance. For this reason, we
pula. Untuk itu, kami membuka diri kepada berbagai        are open to various suggestions and input, including
saran dan masukan, termasuk laporan pelanggaran.          violation reports. We were also committed to following
Kami juga berkomitmen untuk menindaklanjuti setiap        up on every input and report according to procedures.
masukan dan laporan tersebut sesuai prosedur. Pada        This year there were no violation reports submitted
tahun ini tidak ada laporan pelanggaran yang masuk        through the Whistleblower System.
melalui Sistem Pelaporan Pelanggaran.

Direksi dibantu oleh Unit Audit Internal, bersama         The Directors assisted by the Internal Audit Unit,
dengan BOC melalui Komite Audit, melakukan                together with the BOC through the Audit Committee,
berbagai evaluasi terkait sistem pengendalian internal    carries out various evaluations regarding the internal
dan panduan yang ada untuk memastikan kesesuaian          control system and existing guidelines to ensure
dengan kebutuhan Perusahaan dan praktik terbaik           compliance with the Company’s needs and best
dalam industri properti.                                  practices in the property industry.

Pada tahun ini, kami memandang bahwa penerapan            This year, we view that the implementation of corporate
tata kelola perusahaan telah dilakukan secara maksimal.   governance has been carried out optimally.

Apresiasi dan Penutup                                     Appreciation and Closing
Kami mengucapkan banyak terima kasih kepada semua         We would like to express our thanks to all parties who
pihak yang selalu mendukung kami ke arah perubahan        always support us towards better change. We really
yang lebih baik. Kepercayaan para pemegang saham          need the trust of shareholders and consumers, the
dan konsumen, kerja keras dan loyalitas karyawan,         hard work and loyalty of employees, the cooperation
kerjasama para mitra bisnis dan berbagai dukungan         of business partners and various other supports to
lainnya, sangat kami butuhkan untuk menjadi               become winners in this competitive market.
pemenang dalam pasar yang kompetitif ini.

                                              Atas nama Direksi,
                                           On behalf of the Directors,




                                              TEKY MAILOA
                                     Direktur Utama • President Director



Laporan Tahunan 2023 Annual Report                                                                                    23
Page 24
                               Laporan Kepada Pemangku Kepentingan
                               Report to Stakeholders                                     PT Duta Pertiwi Tbk




     REPORT OF THE BOARD OF COMMISSIONERS
     [SEOJK 2.d]




     Kami ingin memberikan apresiasi kepada Direksi
     yang telah mencatatkan kinerja operasional maupun
     pengelolaan struktur modal yang baik.

     We would like to give appreciation to the Directors who
     have recorded a good performance in operational and
     capital structure management.




     Komisaris Utama
     President Commissioner




     Pemangku kepentingan yang kami hormati,                Our Respected Stakeholders,
     Dengan bangga kami hendak melaporkan bahwa             We are proud to report that the Company
     Perusahaan telah melampaui satu tahun terakhir ini     has surpassed this past year with significant
     dengan pencapaian yang signifikan.                     achievements.

     Pendapatan tumbuh 28,02% menjadi Rp3,86 triliun        Revenue grew by 28.02% to IDR3.86 trillion and Net
     dan Laba Bersih tumbuh 42,66% menjadi Rp1,07           Profit grew by 42.66% to IDR1.07 trillion indicating
     triliun menunjukkan pengelolaan Direksi yang           good management of the Directors regarding the
     baik terhadap kinerja operasional Perusahaan.          Company’s operational performance. Meanwhile,
     Sementara, Total Aset yang tetap kokoh di Rp15,13      Total Assets remained solid at IDR15.13 trillion, with
     triliun, dengan Total Ekuitas Rp11,46 triliun dan      Total Equity of IDR11.46 trillion and Cash and Cash
     Kas dan Setara Kas Rp2,88 triliun menjadi bukti        Equivalents of IDR2.88 trillion as evidence of careful
     pengelolaan struktur modal yang hati-hati.             capital structure management.




24                                                                   Laporan Tahunan 2023 Annual Report
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PT Duta Pertiwi Tbk




Penilaian terhadap kinerja Direksi atas Pengelolaan     Assessment of the performance of the Directors
Perusahaan, termasuk pengawasan BOC dalam               regarding Company Management, including
perumusan dan implementasi strategi                     supervision of the BOC in the formulation and
[SEOJK 2.d.1]                                           strategy implementation
Pada tahun 2023, kami telah melakukan tugas             In 2023, we have carried out supervisory duties on the
pengawasan terhadap kinerja pengelolaan Direksi dan     management performance of the Directors and we
kami ingin memberikan apresiasi kepada Direksi yang     would like to give appreciation to the Directors who
telah melaksanakan tugas pengelolaannya dengan baik.    carried out their management duties well.

Properti nasional pada tahun 2023 mengalami             National property in 2023 experienced recovery
pemulihan menuju masa prapandemi. Harga dan             towards pre-pandemic levels. Prices and demand
permintaan properti residensial primer tumbuh           for primary residential property grew steadily, while
stabil, sementara tingkat okupansi stabil. Pemulihan    occupancy levels remained stable. This recovery was
ini didukung oleh pertumbuhan ekonomi yang baik,        supported by good economic growth, strengthening
penguatan perdagangan, kebijakan moneter dan            trade, pro-business monetary and fiscal policies, and
fiskal yang pro bisnis, serta stabilitas politik.       political stability.

Tahun ini juga memiliki kendala dan tantangannya,       This year also has its obstacles and challenges,
khususnya berasal dari luar negeri. Tensi geopolitik    especially those from abroad. Heated geopolitical
yang memanas dan perlambatan ekonomi China telah        tensions and China’s economic slowdown have driven
mendorong volatilitas harga komoditi yang pada          commodity price volatility in people’s purchasing
gilirannya mempengaruhi daya beli dan persepsi risiko   power and risk perception.
masyarakat.

Menghadapi kondisi ini, kami melihat Direksi tetap      Facing these conditions, we see the Directors remain
konsisten dalam penerapan strategi usaha yang           consistent in implementing proven business strategies
terbukti telah menjadikan kami perusahaan properti      that have made us a leading property company in
yang terkemuka di Indonesia. Direksi memastikan         Indonesia. The Directors ensure that the Company’s
produk-produk Perusahaan dihantarkan dengan             products are delivered with superior quality and
kualitas unggul dan disesuaikan dengan kebutuhan        adapted to dynamic market needs.
pasar yang dinamis.

Kota mandiri yang kami kelola telah mendapatkan         The township we manage has received great
apresiasi besar dari pasar yang dilayani. Salah         appreciation from the market it serves. One of our
satu proyek kami, Grand Wisata di Bekasi menjadi        projects, Grand Wisata Bekasi is the only township
satu-satunya township yang mendapatkan akses            that has access to the Jakarta-Cikampek and JORR
tol Jakarta-Cikampek dan JORR 2. Apresiasi yang         2 toll roads. The same appreciation can also be seen
sama juga nampak dari penerimaan pasar terhadap         from the market acceptance of our products which
produk-produk kami yang pada tahun 2023 berhasil        in 2023 managed to record the marketing sales of
mencatatkan prapenjualan sebesar Rp1,68 triliun.        IDR1.68 trillion.

Kami juga memandang Direksi telah serius di dalam       We also view that the Directors is serious about
menyeimbangkan portofolio pertumbuhan dan               balancing a portfolio of growth and stability. This
stabilitas. Pada tahun ini, Direksi menandatangani      year, the Directors signed an agreement with one
perjanjian dengan salah satu pengelola pusat            of the retail center managers to manage an area of
ritel untuk mengelola area seluas 11.000 m2 di ITC      11,000 m² at ITC Cempaka Mas. The activation of
Cempaka Mas. Aktifnya pusat ritel ini akan membawa      this retail center will bring an increased foot traffic
peningkatan foot traffic dan menjadi pionir untuk       and become a pioneer for other collaborations in
kerjasama lain ke depan. Selain itu, Direksi juga       the future. Apart from that, the Directors ensure
memastikan berlanjutnya perluasan DP Mall Semarang      the continued expansion of DP Mall Semarang to
untuk menjadi lifestyle mall terdepan dengan konsep     become a leading lifestyle mall with an open space
ruang terbuka. Harapannya adalah DP Mall ini akan       concept. The hope is that DP Mall will become an
menjadi landmark penting bagi wisata dan aktivitas      important landmark for tourism and commercial
komersial di kota Semarang.                             activities in the city of Semarang.




Laporan Tahunan 2023 Annual Report                                                                                25
Page 26
                                    Laporan Kepada Pemangku Kepentingan
                                    Report to Stakeholders                                          PT Duta Pertiwi Tbk




     Saat ini, pertumbuhan pendapatan berasal penjualan,           Currently, revenue growth comes from sales, namely
     yaitu 38,44% menjadi Rp3,11 triliun. Sementara itu,           by 38.44% to IDR3.11 trillion. Meanwhile, recurring
     pertumbuhan pendapatan berulang masih terhambat               income growth was still hampered by changes in post-
     oleh perubahan tren beraktivitas paska pandemi. Kendati       pandemic activity trends. Despite this, the Company
     demikian Perusahaan masih mencatatkan pertumbuhan             still recorded recurring revenue of IDR750.81 billion
     pendapatan berulang sebesar Rp750,81 miliar yang              which came from the rental, hotel and recreation arena
     berasal dari segmen sewa, hotel dan arena rekreasi.           segments.

     Fondasi pertumbuhan juga berasal dari kuatnya struktur        The foundation for growth also comes from the
     permodalan Perusahaan yang dikelola secara hati-hati          Company’s strong capital structure which was
     oleh Direksi. Total Aset tercatat stabil di Rp15,13 triliun   managed carefully by the Directors. Total Assets
     dan Total Ekuitas sebesar Rp11,46 triliun. Rasio utang        were recorded as stable at IDR15.13 trillion and Total
     bersih terhadap ekuitas yang mencerminkan kekuatan            Equity at IDR11.46 trillion. The net debt to equity ratio
     struktur modal tercatat dalam posisi net cash.                which reflects the strength of the capital structure was
                                                                   recorded at net cash position.

     Pandangan atas prospek usaha jangka panjang dan               Views on long-term business prospects and the
     tahun 2024 [SEOJK 2.d.2]                                      year 2024
     Industri properti memiliki prospek jangka panjang             The property industry has excellent long-term
     yang sangat baik. Industri ini berkejaran dengan              prospects. This industry keeps pace with the increasing
     peningkatan jumlah penduduk Indonesia serta daya              population of Indonesia and the people’s purchasing
     beli masyarakat yang cukup baik, khususnya di area-           power was quite good, especially in the areas served
     area yang dilayani oleh Perusahaan.                           by the Company.

     Berbasis hal ini, kami setuju dengan pandangan-               Based on this, we agree with the views of the Directors
     pandangan Direksi yang telah disampaikan melalui              which have been conveyed through joint meetings
     rapat-rapat gabungan Direksi dan BOC mengenai                 of the Directors and BOC regarding the prospects
     prospek tahun 2024. Kami sepakat bahwa tahun 2024             for 2024. We agree that 2024 is a year with better
     adalah tahun dengan pertumbuhan ekonomi yang                  economic growth which will encourage the recovery
     lebih baik yang mendorong pemulihan sektor properti           of the property sector at a faster rate. We also agree
     dengan tingkat yang lebih cepat. Kami pun sepakat             that 2024 will have its own challenges, especially those
     bahwa tahun 2024 memiliki tantangannya sendiri                from outside the industry and outside of Indonesia.
     khususnya yang berasal dari luar industri dan luar
     Indonesia.

     Setelah      mempertimbangkan          bersama,      kami     After joint consideration, we fully support the
     mendukung penuh target prapenjualan sebesar Rp2,10            marketing sales target of IDR2.10 trillion, revenues of
     triliun pendapatan usaha sebesar Rp3,58 triliun dan           IDR3.85 trillion and net profit of IDR1.45 trillion, set by
     laba bersih sebesar Rp1,45 triliun, yang telah ditetapkan     the Directors. We see that the strategies set to achieve
     oleh Direksi. Kami melihat bahwa strategi-strategi            this target are appropriate and can be implemented.
     yang ditetapkan untuk mencapai target ini merupakan
     strategi yang tepat dan dapat dilaksanakan.

     Kami telah memberikan beberapa rekomendasi terkait            We have provided several recommendations regarding
     strategi dan target tersebut. Salah satunya adalah            these strategies and targets. One of them is caution
     kehati-hatian di dalam periode pemilu yang mungkin            in the election period which may put pressure on the
     memberikan tekanan kepada segmen penjualan. Kami              sales segment. We also see that the high interest rate
     juga melihat bahwa rezim suku bunga tinggi dapat              regime can be an obstacle in consumer financing and
     menjadi salah satu hambatan di dalam pembiayaan               therefore needs to mitigate this risk.
     konsumen dan karenanya perlu mitigasi terhadap
     risiko tersebut.

     Pandangan atas Penerapan Tata Kelola [SEOJK 2.d.3]            Views on the Implementation of Governance
     Direksi telah menerapkan tata kelola perusahaan pada          The Directors have consistently implemented
     tahun 2023 secara konsisten, mensosialisasikannya             corporate governance in 2023, socialized it thoroughly




26                                                                          Laporan Tahunan 2023 Annual Report
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PT Duta Pertiwi Tbk




secara menyeluruh dan menindaklanjuti pelanggaran        and followed up on violations in accordance with
sesuai dengan prosedur yang menghasilkan efek            procedures that produce a deterrent effect. The
jera. BOC dan Direksi secara berkala melakukan rapat     BOC and the Directors regularly hold joint meetings
gabungan untuk memastikan penerapan tata kelola          to ensure that the implementation of governance
tetap berada dalam jalur yang sudah ditetapkan.          remains on the path that has been determined.

Bersama dengan Komite Audit, kami memastikan laporan     Together with the Audit Committee, we ensure that
keuangan dan laporan-laporan lain terkait pengendalian   financial reports and other reports related to internal
internal telah mengungkapkan semua informasi yang        control have disclosed all information that is important
penting untuk diketahui dalam pengambilan keputusan      to know in making good decisions by stakeholders.
yang baik oleh para pemangku kepentingan. Sementara,     Meanwhile, together with the Nomination and
bersama Komite Nominasi dan Remunerasi, kami             Remuneration Committee, we determine policies
menentukan kebijakan-kebijakan yang sesuai dengan        that suit the Company’s needs this year and the next
kebutuhan Perusahaan pada tahun ini dan beberapa         few years, including determining the remuneration
tahun mendatang, termasuk di dalamnya menentukan         structure for members of the Directors and BOC.
struktur remunerasi bagi anggota Direksi dan BOC.

Pada tahun ini, Perusahaan tidak melakukan               This year, the Company has not violated any
pelanggaran    terhadap    peraturan    perundang-       applicable laws and regulations and was not subject
undangan yang berlaku dan tidak dikenakan sanksi         to any sanctions. We also ensure that all information
apapun. Kami juga memastikan semua informasi             that must be disclosed according to capital market
yang harus diungkapkan menurut peraturan pasar           regulations has been disclosed by the Directors
modal telah diungkapkan oleh Direksi secara akurat       accurately and in a timely manner. From the activities
pada waktunya. Dari aktivitas-aktivitas yang kami        we carry out to ensure the implementation of
lakukan untuk memastikan penerapan tata kelola,          governance, we together with the Directors have also
kami bersama dengan Direksi juga telah mengevaluasi      evaluated the control system and management system
sistem pengendalian dan sistem manajemen yang            which we consider to be effective enough to answer
mana kami pandang cukup efektif untuk menjawab           the Company’s current needs.
kebutuhan Perusahaan saat ini.

Apresiasi dan Penutup                                    Appreciation and Closing
Mengakhiri laporan ini, kami hendak mengekspresikan      Concluding this report, we would like to express our
rasa syukur pada seluruh pemangku kepentingan            gratitude to all of the Company’s stakeholders. To the
Perusahaan. Kepada para karyawan yang telah bekerja      employees who have worked hard, to the vendors
keras, kepada vendor yang telah memberikan yang          who have given their best to the Company. Also to
terbaik pada Perusahaan. Juga kepada konsumen yang       consumers who always provide the response we need
selalu memberikan respon yang kami butuhkan untuk        to be even better. We are grateful to have shareholders
menjadi lebih baik lagi. Kami bersyukur memiliki para    who give us the opportunity to continue working in this
pemegang saham yang memberikan kami kesempatan           industry. We do not forget to thank other parties who
untuk terus berkarya dalam industri ini. Tak lupa kami   we cannot mention one by one, whose roles are very
ucapkan terima kasih kepada pihak-pihak lainnya yang     important so that the Company can grow and exceed
tak dapat kami sebutkan satu per satu, yang perannya     what we could have previously imagined.
sangat penting sehingga Perusahaan dapat tumbuh dan
melampaui apa yang dapat kami bayangkan sebelumnya.

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




                                          MUKTAR WIDJAJA
                                 Komisaris Utama • President Commissioner




Laporan Tahunan 2023 Annual Report                                                                                  27
Page 28
                         Artist Impression Aerium Apartment
                         Taman Permata Buana – Jakarta




2023   Laporan Tahunan
       Annual Report
Page 29
       PT Duta Pertiwi Tbk




COMPANY PROFILE
              [SEOJK 2.e]




                            29
Page 30
                                                 Profil Perusahaan
                                                 Company Profile                                 PT Duta Pertiwi Tbk




     COMPANY INFORMATION




     Nama Perusahaan [SEOJK 2.e.1]
     Company Name                        PT Duta Pertiwi Tbk *)

     *) Perusahaan belum pernah melakukan perubahan nama Perusahaan selama menjalankan usaha.
        The Company has never changed the Company’s name since it started operations.


                                       ITC Mangga Dua                     +62 21 601 9788 (hunting)
     Alamat Kantor Pusat               7- 8 th Floor                      +62 21 601 7039
     Head Office Address               Jl. Mangga Dua Raya                corporate.secretary@sinarmasland.com
     [SEOJK 2.e.2] [ACGS D.7.2]        Jakarta Utara                      www.sinarmasland.com
                                       14430 Indonesia                    www.dutapertiwi.com


                                       Sinar Mas Land Plaza
     Alamat Korespondensi              Grand Boulevard
     Correspondence Address            BSD Green Office Park
     [SEOJK 2.e.2]                     BSD City                           +62 21 50 368 368
                                       Tangerang 15345                    +62 21 50 588 270


                                       Susan
     Sekretaris Perusahaan
     Corporate Secretary                                                  susan.wtj@sinarmasland.com
                                        +62 21 50 368 368
                                        +62 21 50 588 270                corporate.secretary@sinarmasland.com

                                       Ricardo Arif Dharmawan
     Hubungan Investor
     Investor Relations                                                   ricardo.dharmawan@sinarmasland.com
     [ACGS D.10.1]                      +62 21 50 368 368
                                        +62 21 50 588 270

     Bidang Usaha
                                       Real Estat / Properti • Real Estate / Property
     Business Sector

     Tanggal Pendirian
                                       29 Desember 1972 • December 29th, 1972
     Date of Establishment

     Tanggal Pencatatan di BES
                                       2 November 1994 • November 2nd, 1994
     Date of Listing on the BES

     Jumlah Karyawan
                                       1.167 Karyawan Employees
     Number of Employees

     Modal Dasar
                                       Rp1.500.000.000.000,-
     Authorized Capital

     Modal Disetor dan Ditempatkan
                                       Rp925.000.000.000,-
     Issued and Paid-Up Capital


     Kepemilikan Saham                 PT Bumi Serpong Damai Tbk                   91,45%
     Shares Ownership                  Masyarakat • Public                          8,55%




30                                                                           Laporan Tahunan 2023 Annual Report
Page 31
PT Duta Pertiwi Tbk




BRIEF HISTORY OF THE COMPANY
[SEOJK 2.e.3]




Dasar Hukum Pendirian                                      Legal Basis of Establishment
PT Duta Pertiwi didirikan dengan Akta No.237 tanggal       PT Duta Pertiwi was established based on Notarial
29 Desember 1972 yang dibuat di hadapan Mohamad            Deed No.237, dated December 29th, 1972, drawn
Said Tadjoedin, S.H., Notaris di Jakarta. Akta Pendirian   up before Notary Mohamad Said Tadjoedin, S.H.,
tersebut telah memperoleh pengesahan dari                  in Jakarta. The Deed of Incorporation, have been
Menteri Kehakiman RI berdasarkan Surat Keputusan           ratified by the Minister of Justice of RI by Decree
No.Y.A.5/116/20 tanggal 4 Mei 1973 dan telah               No.Y.A.5/116/20, dated May 4th, 1973, and published
diumumkan dalam Berita Negara RI No.94 tanggal 25          in the State Gazette of RI No.94, dated November 25th,
November 1986, Tambahan No.1441.                           1986, Supplement No.1441.

Perubahan Anggaran Dasar                                   Amendment of Articles of Association
AD Perusahaan telah mengalami beberapa kali                The Company’s AoA has experienced several changes.
perubahan, terakhir berdasarkan Akta Pernyataan            The latest was based on the Deed of EGMS Resolution
Keputusan RUPSLB No.1 tanggal 1 Juli 2022, dibuat oleh     Statement No.1 dated July 1st, 2022, made by Notary
Notaris Syarifudin SH, notaris di Tangerang. Perubahan     Syarifudin SH, a notary in Tangerang. This amendment
ini telah mendapatkan Surat Persetujuan Perubahan AD       has obtained Approval Letter of AoA Amendment
dari Menteri Hukum dan Hak Asasi Manusia RI dan telah      from the Ministry of Law and Human Rights of RI
diterima serta dicatat berdasarkan Surat Penerimaan        and has been received and recorded based on the
Pemberitahuan Perubahan AD dari Kementerian                Letter of Receipt of Notification of AoA Amendment
Hukum dan Hak Asasi Manusia RI No.AHU-0045588.             from the Ministry of Law and Human Rights of RI
AH.01.02.Tahun 2022 tanggal 4 Juli 2022.                   No.AHU-0045588.AH.01.02 dated July 4th, 2022.



    Artist Impression Vermont
    Kota Wisata – Cibubur




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Page 32
                                            Profil Perusahaan
                                            Company Profile                                 PT Duta Pertiwi Tbk




     ABOUT THE COMPANY



     Ketika memulai usaha real estat pada tahun 1987,           Since its inception, the Company has developed
     Perusahaan telah mengembangkan area komersial              commercial areas starting with several shophouses
     yang dimulai dengan beberapa rumah toko (ruko)             (ruko) around Jalan Pangeran Jayakarta, Jakarta.
     di sekitar jalan Pangeran Jayakarta, Jakarta. Tak          Not long after, the Company also developed and
     lama setelahnya, Perusahaan mengembangkan dan              strengthened the ITC commercial area brand which
     mengukuhkan brand area komersial ITC yang sudah            is already known internationally. Now the Company
     dikenal sampai manca negara. Kini Perusahaan telah         is known as a leading developer in Indonesia with a
     dikenal sebagai pengembang terkemuka di Indonesia          product portfolio ranging from independent cities,
     dengan portofolio produk mulai dari kota mandiri,          residences, offices and recreation arenas.
     residensial, perkantoran dan arena rekreasi.

     Perusahaan memiliki cadangan lahan strategis di            The Company has strategic land reserves in Greater
     Jabodetabek, Semarang dan Surabaya. Saat ini,              Jakarta, Semarang and Surabaya. Currently, the
     Perusahaan telah mengembangkan banyak proyek,              Company has developed many projects, including
     termasuk Klaska Residence di Surabaya, Apartment           Klaska Residence in Surabaya, Aerium Apartment
     Aerium dan Apartment Southgate di Jakarta, Grand           and Southgate Apartment in Jakarta, Grand Wisata in
     Wisata di Bekasi, Kota Wisata dan Legenda Wisata di        Bekasi, Kota Wisata and Legenda Wisata in Cibubur
     Cibubur dan Taman Banjar Wijaya di Tangerang.              and Taman Banjar Wijaya in Tangerang.




        Artist Impression Tanamas
        Grand Wisata – Bekasi




32                                                                     Laporan Tahunan 2023 Annual Report
Page 33
PT Duta Pertiwi Tbk




Semua proyek-proyek Perusahaan memberikan              All the Company’s projects provide unique character
karakter unik serta nilai tambah pada lokasi yang      and added value to the locations they occupy
ditempatinya dan pada akhirnya kepada penghuni dan     and ultimately to the residents and surrounding
masyarakat di sekelilingnya. Grand Wisata, misalnya,   communities. Grand Wisata, for one, has become
telah menjadi ‘the next new city’ di timur Jakarta.    ‘the next new city’ in east of Jakarta. With a refreshed
Penyegaran logo dan konsep Kota Wisata Cibubur         logo and concept of Kota Wisata Cibubur has made
juga telah menjadikan proyek Perusahaan ini tempat     this Company’s project a favorite gathering place for
berkumpul favorit bagi penghuni Cibubur. Salah satu    Cibubur residents. One proof of this is that the Nagrak
buktinya adalah gerbang tol Nagrak yang baru dibuka    toll gate, which was only opened in April 2023 is the
pada April 2023 menjadi satu-satunya gerbang tol di    only toll gate in the Cibubur area.
kawasan Cibubur.

Saham Perusahaan tercatat di BES pada tanggal 2        The Company was listed in the BES on November 2nd,
November 1994, dengan kode BEI: DUTI. Pada tahun       1994, with the BEI code: DUTI. In 2010, the Company
2010, Perusahaan diakuisisi oleh PT Bumi Serpong       was acquired by PT Bumi Serpong Damai Tbk (BSDE),
Damai Tbk (BSDE), yang mana BSDE kini memiliki         of which BSDE now owns 91.45% of the Company’s
91,45% saham Perusahaan dan sisanya dimiliki oleh      shares and the remaining is owned by the public. A
publik. Sebanyak 1.850.000.000 lembar saham tercatat   total of 1,850,000,000 shares were listed on December
pada tanggal 31 Desember 2023 dengan kapitalisasi      31st, 2023 with a market capitalization of IDR8.55 trillion.
pasar Rp8,55 triliun.




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Page 34
                                                  Profil Perusahaan
                                                  Company Profile                                  PT Duta Pertiwi Tbk




     OUR VISION, MISSION AND VALUES
     [SEOJK 2.e.4]




     Visi, Misi dan Nilai-nilai ini telah ditetapkan melalui          The Vision, Mission and Values were established
     Surat Keputusan Direksi dan telah mendapatkan                    by the Decree of the Directors and approval of the
     persetujuan dari BOC melalui surat No.002/DIR/                   Board of Commissioners by letter No.002/DIR/DP/
     DP/XII/2015 tanggal 7 Desember 2015. Pada saat                   XII/2015 dated December 7th, 2015. At the time of
     penyusunan Laporan Tahunan ini, Direksi telah                    preparing this Annual Report, the Directors has
     melakukan kajian atas relevansi Visi, Misi dan Nilai-nilai       conducted a review of the relevance of the Vision,
     ini dan menilai Visi, Misi dan Nilai-nilai Perusahaan            Mission and Values and assessed that the Company’s
     masih tetap relevan dengan strategi dan kebutuhan                Vision, Mission and Values are still relevant to the
     operasional Perusahaan. [ACGS E.1.4] [ACGS E.1.5]                Company’s strategy and operational needs.




                                                                      Menjadi pemenang dalam pasar yang
                                                                      kompetitif dengan fokus pada kepuasan
                                                                      pelanggan dan profesionalisme.
                                                                      To be the winner in the competitive market
                                                                      with the focus on customer satisfaction and
                                                                      professionalism.




        Membangun untuk perkembangan
        kualitas hidup dan aktivitas ekonomi.

        To build for the development of the quality
        of life and economic activity.




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PT Duta Pertiwi Tbk




   Bertindak sesuai ucapan,          Menampilkan perilaku yang       Melaksanakan      pekerjaan
   janji   sehingga     dapat        mendukung        terciptanya    dengan sepenuh hati untuk
   menumbuhkan kepercayaan           lingkungan kerja yang saling      mencapai hasil terbaik.
            pihak lain.                menghargai dan kondusif.

   To put statements or promises     To   display   encouraging      To   perform     our   work
   into action so that one can       behavior towards the creation   wholeheartedly to achieve
      earn the trust of others.      of a mutually appreciative            the best result.
                                     and   conducive      working
                                            environment.




             Integrity                    Positive Attitude                 Commitment




                                             Innovation                        Loyalty
   Continuous Improvement



   Meningkatkan kemampuan            Memunculkan gagasan baru        Menumbuh-kembangkan
   atau kapasitas diri, unit kerja   yang dapat meningkatkan         semangat               untuk
   dan organisasi secara terus       produktivitas        dan        mengerti, memahami dan
   menerus tanpa batas untuk          pertumbuhan Perusahaan.        melaksanakan       nilai-nilai
      mencapai hasil terbaik.                                        sebagai bagian dari keluarga
                                                                          besar Perusahaan.
   To continuously enhance the       To come up with latest ideas
   capability of self, working       to increase productivity and    To cultivate the spirit of
   unit and organization to                Company growth.           knowing, understanding and
      obtain the best results.                                       implementing the company’s
                                                                     core values as part of the big
                                                                           Company’s family.




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Page 36
                                                 Profil Perusahaan
                                                 Company Profile                                    PT Duta Pertiwi Tbk




     OUR BUSINESSES
     [SEOJK 2.e.5] [ACGS D.2.1]




     Mengacu pada AD terakhir yang ditetapkan dengan                 Referring to the latest AoA as stipulated in the deeds
     akta nomor 1 tanggal 1 Juli 2022, Perusahaan bertujuan          No. 1 dated July 1st, 2022, the Company aims to have
     untuk menjalankan usaha dalam industri barang lainnya           businesses in manufacture of other products made of
     dari kayu, industri barang dari gabus dan barang                wood, industrial products made of cork and woven
     anyaman dari jerami, rotan, bambu dan sejenisnya;               articles made of straw, rattan, bamboo and the like;
     treatment air; konstruksi gedung; konstruksi jalan dan          water treatment building construction; roads and
     jalan rel; konstruksi jaringan irigasi; komunikasi dan          railways construction; irrigation; communication
     limbah; konstruksi bangunan sipil lainnya; penyiapan            and sewage network construction; construction
     lahan; instalasi sistem kelistrikan; instalasi saluran          of other civil building; site preparation; electrical
     air (plumbing); pemanas dan pendingin; instalasi                system installation; plumbing; heating and cooling
     konstruksi lainnya; penyelesaian konstruksi bangunan;           installation; other construction installation; completion
     perdagangan besar atas dasar balas jasa (fee) atau              of building construction; wholesale trade on a fee or
     kontrak; aktivitas penunjang angkutan darat; restoran           contract basis; land transportation support activities;
     dan penyediaan makanan keliling; real estate yang               restaurants and mobile food service; self-owned or
     dimiliki sendiri atau disewa; kawasan industri; real            leased property; industrial estates; real estate on
     estat atas dasar balas jasa (fee) atau kontrak; aktivitas       a fee or contract basis; management consultancy
     konsultasi manajemen; aktivitas jasa perawatan dan              activities; landscape care and maintenance service
     pemeliharaan taman; pengelolaan fasilitas olahraga;             activities; sports facility management; amusement
     dan aktivitas taman bertema atau taman hiburan.                 park and theme park activities.

     Untuk mencapainya, Perusahaan melakukan kegiatan-               To achieve it, the Company carries out the following
     kegiatan usaha sebagai berikut:                                 business activities:




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PT Duta Pertiwi Tbk




• Konstruksi Gedung         • Konstruksi Gedung         • Konstruksi Bangunan Sipil    • Konstruksi Bangunan Sipil        • Konstruksi Sentral
  Hunian.                     Tempat Hiburan dan          Jembatan, Jalan Layang,        Prasarana dan Sarana               Telekomunikasi.
  Residential Building        Olahraga.                   Fly Over dan Underpass.        Sistem Pengolahan Limbah           Telecommunication
  Construction.               Entertainment and           Construction of Civil          Padat, Cair dan Gas.               Center Construction.
• Konstruksi Gedung           Sports Venue Building       Buildings of Bridges,          Civil Building Construction      • Pembuatan/Pengeboran
  Perkantoran.                Construction.               Flyovers and Underpasses       of Solid, Liquid and Gas           Sumur Air Tanah.
  Office Building           • Konstruksi Gedung           Construction.                  Waste Treatment System             Groundwater Well
  Construction.               Lainnya.                  • Konstruksi Jaringan            Infrastructure Facilities.         Construction/Drilling.
• Konstruksi Gedung           Other Building              Irigasi dan Drainase.        • Konstruksi Bangunan              • Kontruksi Jaringan
  Belanja.                    Construction.               Construction of Irrigation     Sipil Elektrikal.                  Irigasi, Komunikasi dan
  Shopping Mall             • Konstruksi Bangunan         and Drainage Network.          Construction of Electrical         Limbah Lainnya.
  Construction.               Sipil Jalan.              • Konstruksi Bangunan Sipil      Civil Building.                    Construction of Irrigation,
• Konstruksi Gedung           Road Civil Building         Pengolahan Air Bersih.       • Konstruksi Bangunan Sipil          Communication and
  Penginapan.                 Construction.               Construction of Civil          Telekomunikasi untuk               Other Waste Networks.
  Lodging Building          • Konstruksi Bangunan         building Construction of       Prasarana Transportasi.          • Penyelesaian Konstruksi
  Construction.               Sipil Lainnya YTDL.         Clean Water Treatment.         Construction of Telecom-           Bangunan Lainnya.
• Penyiapan Lahan.            Construction of Other                                      munication Civil Buildings         Completion of Other
  Site Preparation.           Civil Buildings YTDL.                                      for Transportation Facilities.     Building Construction.
                                                                Konstruksi
                                                               Construction


Aktivitas Konsultasi Manajemen Lainnya                                                       Perdagangan Besar atas Dasar
Other Management Consultancy Activities                                                       Balas Jasa (Fee)atau Kontrak
                                                                                        Wholesale Trade on a Fee or Contract Basis


                  Real Estat                                                                                       Taman Rekreasi
                  Real Estate                                                                                      Recreation Park

• Real Estat atas Dasar Balas Jasa (fee) atau Kontrak                                              • Aktivitas Taman Bertema    • Taman
  Real Estate on a Fee or Contract Basis                                                             atau Taman Hiburan Lainnya   Rekreasi
• Real Estat yang Dimiliki Sendiri atau Disewa                                                       Theme Park or Other          Amusement
  Self-owned or Leased Real Estate                                                                   Amusement Park Activities    Park




           Kawasan Industri                                                                                               Periklanan
           Industrial Estates                                                                                             Advertising


                                                                                                                        Instalasi
                     Dekorasi                                                                                         Installation
                    Decoration
                                                                                                       • Instalasi Saluran Air
                                                                                                         Plumbing Installation     • Instalasi Listrik
    • Dekorasi Interior      • Dekorasi Eksterior                                                      • Instalasi Minyak dan        Electrical
      Interior                 Exterior                                                                  Gas                         Installation
      Decoration               Decoration                                                                Oil and Gas               • Instalasi Tele-
                                                                                                         Installation                komunikasi
                                                                                                       • Instalasi Konstruksi        Telecommu-
                                                                                                         Lainnya YTDL                nication
                                                                                                         Other Construction          Installation
                                                                                                         Installation YTDL
                             Treatment Air
    • Aktivitas         Water Treatment
      penunjang
      treatment air • Penampungan,                                                                       Aktivitas Perawatan dan
      Water           penjernihan dan                                                                      Pemeliharaan Taman
      treatment       penyaluran air minum                                                              Park Care and Maintenance
      support         Collection, purification                                                               Service Activities
      activities      and distribution of
                      drinking water

                                                                                                       Aktivitas Perparkiran di luar
                                                                                                               Badan Jalan
                                                                                                       Off Street Parking Activities
         Industri Barang Anyaman
           Woven Goods Industry
                                                                Rumah/                         Pengelolaan Fasilitas Olah Raga
                      • Industri Barang Anyaman              Warung Makan
    • Industri                                                                                   Sports Facilities Operations
                        dari Tanaman Bukan
      Barang                                                     F&B
                        Rotan dan Bambu
      anyaman           Woven Goods Industry
      dari Rotan                                             • Restoran                                            • Fasilitas Lapangan
                        from Non-Rattan and
      dan Bambu                                                Restaurant                     • Fasilitas            Field Facilities
                        Bamboo Plants
      Rattan and                                             • Rumah/Warung                     Gelanggang/        • Pengelolaan Fasilitas
                      • Industri Kerajinan Ukiran
      bamboo                                                   Makan                            Arena                Olahraga Lainnya
                        dari kayu bukan mebeller
      Woven                                                    Food Stalls/Kiosk                Sport Arena          Management of Other
                        Non-furniture Wood Craft
      Industry                                                                                  Facilities           Sport Facilities
                        Industry




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Page 38
                                                Profil Perusahaan
                                                Company Profile                                   PT Duta Pertiwi Tbk




     [SEOJK 2.e.6]




     Perusahaan selalu mempertimbangkan potensi pasar               The Company constantly believes in the market
     dari setiap lokasi yang dikembangkannya. Kami                  potential of each location it develops. We have
     memiliki lokasi pengembangan proyek yang signifikan            a major project development location in Greater
     di Jabodetabek, Semarang dan Surabaya. Kota-kota               Jakarta, Semarang and Surabaya. These cities have
     ini memiliki peran strategis di dalam ekonomi dan              a strategic role in the national economy and politics.
     politik nasional.


                                         Tersebar di 3 Kota Besar di Indonesia
                                Diversified Operations Across 3 Major Cities in Indonesia




       Greater Jakarta

     – Grand Wisata - Bekasi                      Semarang                                  Surabaya
     – Go!Wet Water Park,
       Grand Wisata - Bekasi                                                              – Wisata Bukit Mas
     – Kota Wisata - Cibubur                    – DP Mall                                 – ITC Surabaya
     – Legenda Wisata - Cibubur                 – Rooms Inc.                              – Klaska Residence
     – Kota Bunga - Bogor                                                                 – Landbank
     – Taman Permata Buana - Jakarta                                                        (Benowo Industrial Estate)
     – Taman Banjar Wijaya - Tangerang
     – Landbank (Duri Pulo - Jakarta,
       Jatiasih - Cibubur)



        – ITC Mangga Dua - Jakarta              – ITC Depok - Depok                       – Sinar Mas Land Plaza
        – ITC Cempaka Mas - Jakarta             – ITC Kuningan - Jakarta                    Tower 2 & 3 - Jakarta
        – ITC Roxy Mas - Jakarta                – Mall Ambassador - Jakarta               – Cashbac (d/h Dimo Space) -
        – ITC Permata Hijau - Jakarta           – Apartment Southgate - Jakarta             Jakarta
        – ITC Fatmawati - Jakarta               – Apartment Aerium - Jakarta              – Sopo Del Tower - Jakarta




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PT Duta Pertiwi Tbk




[SEOJK 2.e.5]




  City & Urban          Gated/Cluster           Vertical           Office             Malls and             Hotel &
  Development            Residential           Residential        Buildings          Superblocks            Leisure




                            Jabodetabek
                                                               Semarang                      Surabaya
                            Greater Jakarta




                        — Landed Residential                                  — International Trade Center (ITC)
                        — Shop Houses                                         — Shopping Mall
                        — Industrial Estate                                   — Office Building
                        — Commercial Lots                                     — Estate Management
                        — Apartments                                          — Hotel


Sebagai      pengembang        properti      terkemuka,      As the leading property developer, the Company
Perusahaan membangun dan mengelola berbagai                  builds and manages various types of products in
jenis produk di berbagai lokasi stratejik. Lebih dari itu,   many strategic locations. In addition, the Company
Perusahaan juga meningkatkan daya tarik lokasi-lokasi        also improves the attractiveness of those locations
tersebut melalui pengembangan infrastruktur yang             by developing sustainable infrastructures, starting
berkelanjutan, mulai dari akses jalan yang baik, fasilitas   from good road access, quality public transportation
transportasi umum berkualitas, serta akses komunikasi        facilities, as well as communication and internet
dan internet.                                                access.

Perusahaan mengembangkan produk-produk untuk                 The Company develops products to be sold and
dijual dan dikelola. Pengelolaan yang baik atas              managed. The effective management of the managed
produk-produk kelolaan seperti area komersial dan            assets such as commercial areas and offices is also a
perkantoran turut menjadi faktor signifikan dalam            significant factor in the increased added value of the
peningkatan nilai tambah produk-produk penjualan             Company’s products for sale.
Perusahaan.




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Page 40
                                                Profil Perusahaan
                                                Company Profile                                      PT Duta Pertiwi Tbk




     Diversifikasi portofolio      produk     Perusahaan            The Company’s product portfolio diversification reflects
     menggambarkan keseimbangan antara kinerja                      a balance between growth and stability performance,
     pertumbuhan dan stabilitas, mengurangi risiko                  reduces the Company’s risk of underperformance
     Perusahaan dari penurunan kinerja di segmen-                   in certain segments and optimizes benefits of
     segmen tertentu dan mengoptimalkan manfaat dari                improvement and stability in other segments.
     peningkatan dan stabilitas pada segmen lainnya.

     Portofolio produk tersebut telah terbukti pula                 The product portfolio has also been proven to
     memberikan keseimbangan pada kinerja pendapatan,               provide a balance in revenue performance, namely
     yaitu komposisi antara pendapatan dari penjualan               the composition between product sales and recurring
     produk dan pendapatan berulang (recurring revenues).           revenues.

     Secara konsisten, Perusahaan mengevaluasi strategi             Consistently, the Company assesses this strategy and
     ini dan menemukannya terbukti efektif menghantarkan            finds it proven to be effective in taking us out of various
     kami dari berbagai situasi industri yang penuh                 dynamic industrial situations and especially during
     dinamika dan secara khusus pada masa disrupsi seperti          times of disruption such as during the past pandemic.
     masa pandemi yang lalu. Kami terus mengembangkan               We remain to develop and strengthen this strategy
     dan memperkuat strategi tersebut dengan berbagai               with a variety of products needed by our target market.
     produk yang dibutuhkan oleh pasar yang kami tuju.

     Di segmen Penjualan, Perusahaan memiliki produk                In the Sales Revenues segment, the Company has
     pengembangan kota terpadu, klaster residensial,                integrated city development products, residential
     maupun produk residensial vertikal. Secara lebih               clusters and vertical residential products. In more detail,
     rinci, produk-produk itu terdiri dari rumah tapak, ruko,       these products consist of landed houses, shop houses,
     kawasan industri, lahan komersial dan apartemen.               industrial areas, commercial land and apartments. The
     Perusahaan memastikan pengembangan produk-                     Company ensures that the project development aligns
     produk ini berjalan sesuai dengan target yang telah            with the set targets to ensure timely delivery to buyers.
     ditetapkan sehingga dapat diterima oleh pembeli
     tepat pada waktunya.

     Sementara di segmen Pendapatan Berulang,                       Meanwhile in the Recurring Revenues segment, the
     Perusahaan memiliki portofolio gedung perkantoran,             Company has a portfolio of office buildings, malls and
     mal dan superblok serta hotel dan arena rekreasi.              superblocks as well as hotels and recreational arenas.
     Untuk jenis produk ini, Perusahaan memiliki ITC,               For this type of product, the Company owns ITC,
     mal perbelanjaan, gedung perkantoran, pengelola                shopping malls, office buildings, building managers,
     gedung, hotel serta arena rekreasi.                            hotels as well as recreation area.

     Produk-produk Perusahaan dapat dibagi menjadi 5 tipe:          The Company products can be categorized into five:
     1. Perkotaan mandiri                                           1. Township
     2. Residensial                                                 2. Residential
     3. Commercial                                                  3. Commercial
     4. Manajemen Aset                                              4. Asset Management
     5. Retail and Hospitality                                      5. Retail and Hospitality

     Pada semua tipe produk ini, Perusahaan meluncurkan             In all of the product types, the Company launched
     produk-produk yang modern, inovatif, makin segar               products that are modern, innovative, fresher and
     dan diterima oleh pasar.                                       accepted by the market.




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PT Duta Pertiwi Tbk




Informasi tentang produk-produk Perusahaan tersebut         We offer information on the Company product in the
dapat ditemukan pada bagian selanjutnya.                    sections that follow.




PERKOTAAN MANDIRI                                           TOWNSHIP
Perusahaan membangun kota mandiri dengan konsep-            The Company builds townships with unique,
konsep unik, ramah lingkungan, sesuai dengan selera         environmentally friendly concepts, according to
pasar yang dituju. Perusahaan telah mengembangkan           the tastes of the target market. The Company has
dua kota mandiri, yaitu Grand Wisata dan Kota Wisata.       developed two townships, namely Grand Wisata and
Kini, Grand Wisata telah menjadi The Next New City di       Kota Wisata. Now, Grand Wisata has become The
timur Jakarta.                                              Next New City in the east of Jakarta.

Grand Wisata yang mengusung konsep “Live, Play,             Grand Wisata which carries the concept of “Live, Play,
Work” menciptakan sinergi antara hunian yang indah          Work” creates a synergy between beautiful residence
dan aktivitas bisnis. Sementara tagline Kota Wisata         and business activities. Meanwhile, the Kota Wisata
“Embracing Nature, Better Future”, menggambarkan            tagline “Embracing Nature, Better Future” describes
pengembangan kawasan hunian modern, dinamis,                the development of a modern, dynamic and residential
serta harmonis menyatu dengan alam dengan                   area harmoniously integrated with nature with growth
pertumbuhan pada nilai investasinya.                        in investment value.

Di semua kota mandiri Perusahaan, penghuni                  In the Company’s townships, residents enjoy
menikmati fasilitas hunian, komersial, hiburan dan          complete residential, commercial, entertainment
layanan publik yang lengkap. Area publik yang luas          and public service facilities. Large public areas were
dibangun untuk mendukung pertumbuhan jasmani dan            built to support the physical and spiritual growth of
spiritual keluarga, sekaligus infrastruktur yang lengkap    families, as well as complete infrastructure including
termasuk pusat pendidikan, kesehatan, perbelanjaan          education, health, shopping and recreation centers.
dan rekreasi. Infrastruktur kota mandiri dibangun           The township’s infrastructure was built to create
untuk menciptakan keterhubungan, menawarkan                 connectivity, offering its residents a variety of
penghuninya berbagai alternatif transportasi publik         convenient public transportation alternatives and
yang nyaman dan memperpendek jarak dan waktu                shortening the distance and time to and from work or
dari dan ke tempat kerja atau studi. Bahkan kini,           study. Even now, Grand Wisata and Kota Wisata enjoy
Grand Wisata dan Kota Wisata telah menikmati akses          toll roads and LRT access.
jalan tol dan LRT.




                         Hak pengembangan                                           Hak pengembangan
                         Development Rights     ±1.081 ha                           Development Rights     ±918 ha
                         Tanah yang belum                                           Tanah yang belum
                         dikembangkan            ±481 ha                            dikembangkan            ±80 ha
                         Land for development                                       Land for development




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Page 42
                                               Profil Perusahaan
                                               Company Profile                                     PT Duta Pertiwi Tbk




     RESIDENSIAL                                                   RESIDENTIAL
     Perusahaan       memulai      bisnisnya   dengan              The Company started its business with the
     pengembangan bisnis perumahan di Taman Duta                   development of a housing business in Taman Duta
     Mas. Kini kami mengembangkan produk - produk                  Mas. Now we develop residential products for various
     residensial bagi berbagai segmen konsumen dengan              consumer segments with various needs and tastes,
     berbagai kebutuhan dan selera, demografi dan                  different demographics and psychographics. This has
     psikografi yang berbeda-beda. Hal ini berdampak               an impact on the marketing strategy design of each
     kepada desain strategi pemasaran dari masing-                 project.
     masing proyek.

     Produk - produk yang dikembangkan di Grand Wisata             The products developed at Grand Wisata Bekasi
     Bekasi menyasar generasi Z yang energik, progresif            target the generation Z who are energetic, progressive
     dalam menghadapi tantangan jaman dan bergaya                  in facing the challenges of the digital era and lifestyle.
     hidup digital. Karenanya klaster-klaster di dalam Z           Therefore the clusters in Z Living were built near the
     Living dibangun dekat danau dan dengan akses                  lake and with direct access to the toll gate, so they are
     langsung ke gerbang tol, sehingga nyaman baik di              comfortable both on weekdays as well as on weekends.
     hari kerja maupun di akhir pekan.

     Taman Banjar Wijaya menyasar pasar premium yang               Taman Banjar Wijaya targets the premium market
     ingin tinggal jauh dari keramaian. Sementara itu              who wants to live away from the crowds. Meanwhile,
     Legenda Wisata Cibubur sebagai ‘City of Millions              Legenda Kota Wisata as the “City of Millions of
     Enchantment’ menawarkan hunian yang terasa seperti            Enchantment” offers residences that feels like a tourist
     destinasi wisata dari mancanegara.                            destination from abroad.

     Selain menciptakan hunian nyaman untuk beragam                In addition to creating comfortable residences for
     selera, fitur- fitur yang meningkatkan keselamatan dan        a variety of tastes, features that increase consumer
     keamanan konsumen menjadi fitur standar di setiap             safety and security are standard features in each of
     produk-produk Perusahaan. Salah satunya adalah                the Company’s products. One of them is concept 4S,
     konsep 4S yaitu smart function, smart furniture, smart        namely smart function, smart furniture, smart tech and
     tech dan smart healthy yang muncul pada periode               smart healthy which emerged during the pandemic
     pandemi.                                                      period.

     Berikut adalah produk - produk residensial yang telah         The following are residential products that have been
     dikembangkan Perusahaan.                                      developed by the Company.




                             ± 120 ha                                     ± 97 ha                                  ± 190 ha




                                                                                                           Luas area – Area




42                                                                         Laporan Tahunan 2023 Annual Report
Page 43
PT Duta Pertiwi Tbk




COMMERCIAL                                               COMMERCIAL
Produk- produk commercial Perusahaan meliputi tanah      The Company’s commercial products include land
dan/atau bangunan seperti apartemen, ruko, kios dan      and/or buildings such as apartments, shop houses,
pergudangan. Pengembangan produk - produk ini            kiosks and warehouses. The development of these
didasarkan kepada identifikasi kebutuhan konsumen        products is based on demand of the consumers living
yang tinggal di sekeliling area commercial, sehingga     in proximity to the commercial areas, so it would add
memberikan nilai tambah baik kepada penghuni             value to both the residents and businesspeople.
residensial maupun pebisnis. Area commercial yang        Commercial areas that are closest to the residentials
dekat dengan hunian dibangun di lokasi -lokasi           are built in strategic locations that are passed not only
strategis yang dilalui tidak hanya para penghuni         by the residents but also road passer, yet those areas
melainkan para pengguna jalan, namun dirancang           are designed for them so that they feel undisturbed
agar mereka tidak terganggu dengan lalu lintas yang      by too-busy-traffic.
terlalu sibuk.

Produk commercial yang saat ini dikembangkan             Commercial products that are currently being
dan menarik pasar adalah dimana pemilik dapat            developed and are attracting the market are those
mengembangkan bisnis sekaligus menjalankan               where the owner can develop the business while
pekerjaan profesional lain, bahkan memiliki hidup        carrying out other professional work, and even have a
berkualitas di satu tempat.                              quality life in one place.

Pada tahun ini, Perusahaan terus mendorong penjualan     This year, the Company continues to drive sales of units
unit-unit di Apartment Southgate dan Aerium yang         at Southgate and Aerium Apartments which are close
dekat dengan infrastruktur transportasi, dekat dengan    to transportation infrastructure, near to commercial
pusat komersial dan fasilitas publik serta dikelilingi   centers and public facilities as well as surrounded by
oleh ruang hijau yang luas.                              vast green space.

Berikut beberapa hunian commercial yang telah            The following are several commercial residences that
dikembangkan Perusahaan.                                 have been developed by the Company.




                         ± 1,8 ha                              ± 5,4 ha                                  ± 3,2 ha




                                                                                                Luas area – Area




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Page 44
                                              Profil Perusahaan
                                              Company Profile                                    PT Duta Pertiwi Tbk




     MANAJEMEN ASET                                               ASSET MANAGEMENT
     Perusahaan terus mengembangkan produk - produk               The Company remains to grow its asset management
     manajemen asetnya secara organik dan non-organik             products both organically and inorganically to maintain
     untuk menjaga stabilitas kinerja.                            performance stability.

     Produk-produk manajemen aset Perusahaan terdiri              The Company’s asset management products consist
     atas 2 (dua) bagian besar yaitu gedung perkantoran           of 2 (two) major products, namely office buildings
     dan ITC.                                                     and ITC.

     Gedung Perkantoran                                           Office Buildings
     Gedung perkantoran dirancang untuk menawarkan                The office buildings were designed to offer a modern
     nuansa modern dan state-of-the-art. Perusahaan               and state-of-the-art impression. The Company
     memilih pengembangan gedung perkantoran di lokasi-           chooses to develop office buildings in strategic and
     lokasi stratejik dan berkembang untuk meningkatkan           growing locations to increase the attractiveness of
     daya tarik okupansinya. Kajian identifikasi dan              its occupancy. Identification studies and approaches
     pendekatan kepada klien potensial terbukti telah             to potential clients have proven to have created an
     menciptakan strategi pemasaran yang efektif.                 effective marketing strategy.

     Gedung-gedung yang dimiliki dan dikelola oleh                Buildings owned and managed by the Company
     Perusahaan antara lain:                                      include:




                             ± 77.797                                    ± 1.288                                 ± 2.754
                                m2                                          m2                                      m2




                                                                               Luas Area yang dapat disewa – Rental Space



     International Trade Center (ITC)                             International Trade Center (ITC)
     ITC dirancang dan dikelola untuk membantu para               ITC was designed and managed to help tenants from
     tenant dari kalangan menengah dan menengah bawah             the middle and lower middle classes to create product
     menciptakan diferensiasi produk dan mengoptimalkan           differentiation and optimize sales.
     penjualan.

     Bagi pengunjung, tata letak ITC memberikan                   For visitors, the ITC layout provides shopping
     kemudahan dalam berbelanja. ITC juga selalu berusaha         convenience. ITC also always tries to increase the
     meningkatkan kenyamanan pengunjung dengan area               comfort of visitors by providing clean and attractive
     makan yang bersih dan menarik di setiap gedungnya.           dining areas in each of its buildings.

     International Trade Center yang dimiliki dan dikelola        International Trade Centers owned and managed by
     oleh Perusahaan dan Entitas Anak antara lain:                the Company and its Subsidiaries include:




44                                                                        Laporan Tahunan 2023 Annual Report
Page 45
PT Duta Pertiwi Tbk




                       ± 29.361                            ± 15.147                                  ± 1.631
                          m2                                  m2                                        m2




                       ± 17.684                             ± 4.421                                 ± 13.667
                          m2                                   m2                                      m2




                       ± 22.917                             ± 5.979                                 ± 36.477
                          m2                                   m2                                      m2




                                                                  Luas Area yang dapat disewa – Rental Space


Retail and Hospitality                               Retail and Hospitality
Di segmen ini, Perusahaan memiliki serta mengelola   In this segment, the Company owns and manages
pusat-pusat perbelanjaan (mal), hotel dan arena      shopping centers (malls), hotels and recreational
rekreasi.                                            arenas.

Pusat perbelanjaan yang dikembangkan selalu          The shopping centers developed always prioritize
mengutamakan kualitas hidup, mendorong aktivitas     quality of life, encourage local economic activity and
perekonomian lokal, serta menciptakan komunitas      create active and thriving communities.
yang aktif dan berkembang.




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Page 46
                                                Profil Perusahaan
                                                Company Profile                                    PT Duta Pertiwi Tbk




     Perusahaan melalui Entitas Anak, saat ini bekerjasama          The Company through its Subsidiary is working
     dengan Kawan Lama Group mengembangkan Mall                     together with Kawan Lama Group to develop
     Living World di Grand Wisata. Mall yang dirancang              manages Mall Living World at Grand Wisata. The mall
     dengan menerapkan nilai-nilai keberlanjutan, mulai             is designed to implement sustainability values, starting
     dari efisiensi energi listrik, penggunaan material ramah       from electricity efficiency, uses of environmentally
     lingkungan dan juga optimasi sistem pengairan ini              friendly material and optimization of plumbing system
     diproyeksikan akan mulai operasional di awal 2024.             and projected to start its operation in early 2024.

     Tahun ini, Perusahaan memulai perluasan DP Mall                This year, the Company started an expansion on
     Semarang. Ketika selesai, DP Mall akan menjadi lifestyle       DP Mall Semarang. When finished, DP Mall would
     mall terdepan yang dirancang dengan konsep ruang               become the leading and the first lifestyle mall that
     terbuka hijau (eco-building) pertama di Kota Semarang.         was designed with green open space concept (eco-
     DP Mall juga akan menghadirkan rooftop garden                  building) in Semarang City. DP Mall will also present an
     menarik yang dilengkapi berbagai tanaman dan pohon.            attractive rooftop garden with various plants and trees.

     Hotel yang dikembangkan oleh Perusahaan saat ini               The hotel currently being developed by the Company
     adalah Rooms Inc. Dengan konsep unik, Rooms Inc.               is Rooms Inc. With a unique concept, Rooms Inc. is
     terintegrasi dengan mal, menyasar kelompok milenial            integrated with malls, targeting millennial groups
     di lokasi strategis di kota Semarang. Perusahaan bekerja       in strategic locations in the city of Semarang.
     sama dengan agen perjalanan serta perusahaan-                  The Company cooperates with travel agents and
     perusahaan yang memiliki tingkat perjalanan bisnis             companies that have a high level of business travel.
     yang tinggi.

     Perusahaan juga mengelola beberapa arena rekreasi              The Company also manages several recreational
     yang berada di bawah payung segmen Retail                      arenas under the Retail and Hospitality segment. Our
     and Hospitality ini. Arena rekreasi kami berupaya              recreational arena strives to offer young families a
     menawarkan pengalaman rekreasi yang aman, menarik              safe, exciting and always new recreational experience
     dan selalu baru dengan harga terjangka bagi keluarga           at affordable prices. Various promotional activities
     muda. Berbagai kegiatan promosi dilakukan bersama              are carried out together with online agents and the
     dengan agen online dan sektor perbankan melalui                banking sector through banking cards.
     kartu-kartu perbankan.

     Produk Retail and Hospitality yang dimiliki dan dikelola       Retail and Hospitality products owned and managed
     oleh Perusahaan dan Entitas Anak antara lain:                  by the Company and its Subsidiaries include:




                                                                                                                     Kamar
                     ± 50.488                                                       ± 28.843                         Room
                                                   ± 7, 5 ha
                        m2                                                             m2                            162



                                                                            Luas Area – Area




46                                                                          Laporan Tahunan 2023 Annual Report
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 PT Duta Pertiwi Tbk




 ORGANIZATIONAL STRUCTURE
 [SEOJK 2.e.7]


                                    Dewan Komisaris
                                    The Board of Commissioners




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


                                            Direktur Utama
                                            President Director




                                                 Wakil Direktur
                                                 Utama
                                                 Vice President
                                                                               Ketua Unit
            Ketua Unit                           Director                      Manajemen Risiko                         Sekretaris
            Internal Audit                                                     dan Keberlanjutan                        Perusahaan
            Head of Audit                                                      Head of Risk                             Corporate
            Internal Unit                                                      Management and                           Secretary
                                                                               Sustainability Unit




     Direktur                 Direktur                   Direktur                  Direktur                     Direktur
     Keuangan                 Operasional                Manajemen                 Pemasaran                    Pengembangan
     Finance                  Operational                Aset                      Marketing                    Bisnis
     Director                 Director                   Asset                     Director                     Business
                                                         Management                                             Development
                                                         Director                                               Director


                Accounting                                                            Marketing                 Business Initiatives Research &
Finance                            Residential                      ITC
                  & Tax                                                             Communication                       Development


                Information                                        Office
 Legal                             Commercial
                Technology                                        Buildings
                                                                                            Garis Koordinasi                   Garis Pelaporan
                                                                                            Coordination Line                  Reporting Line



          Muktar Widjaja                                      Teky Mailoa
          Komisaris Utama                                     Direktur Utama                                     Susan
          President Commissioner                              President Director
          Franciscus Xaverius R.D
          Wakil Komisaris Utama                               Teddy Pawitra                                      Lie Jani Harjanto
          Vice President Commissioner                         Ketua Chairman
          Teddy Pawitra &                                     Muktar Widjaja &
          Susiyati Bambang Hirawan                            Franciscus Xaverius R.D
          Komisaris Independen                                Anggota Member                                     Hongky J. Nantung
          Independent Commissioners
          Susiyati Bambang Hirawan                            Hamina Ali
          Ketua Chairwoman
                                                              Lie Jani Harjanto                                  Teky Mailoa
          Rusli Prakarsa
          & Rudiantara
          Anggota Member                                      M. Reza Abdulmajid                                 Handoko Wibowo



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Page 48
                                                 Profil Perusahaan
                                                 Company Profile                                   PT Duta Pertiwi Tbk




     ASSOCIATION MEMBERSHIP
     [SEOJK 2.e.8]




     Perusahaan percaya bahwa isu yang kompleks                      The Company deems that complex issues require a
     membutuhkan pendekatan kolaboratif dan tepat                    collaborative and targeted approach. Therefore, the
     sasaran. Oleh karena itu, Perusahaan aktif berpartisipasi       Company actively participates in various organizations
     dalam berbagai organisasi yang memiliki beragam                 that have various initiatives for implementing
     inisiatif penerapan keuangan berkelanjutan sebagai              sustainable finance as follows:
     berikut:
     1. Anggota Perusahaan Pendiri Green Building                    1. Member of the Founding Companies of Green
         Council Indonesia                                              Building Council Indonesia
     2. Persatuan Perusahaan Real Estate Indonesia                   2. Indonesian Real Estate Companies Association
     3. Masyarakat Konservasi dan Efisiensi Energi                   3. Indonesian Energy Efficiency and Conservation
         Indonesia (MASKEEI)                                            Society (MASKEEI)
     4. Asosiasi Pengelola Pusat Perbelanjaan Indonesia              4. The Indonesian Shopping Center Management
         (APPBI)                                                        Association (APPBI)
     5. Asosiasi Emiten Indonesia (AEI)                              5. Indonesian Public Listed Companies Association
                                                                        (AEI)




48                                                                           Laporan Tahunan 2023 Annual Report
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PT Duta Pertiwi Tbk




PROFILE OF THE DIRECTORS
[SEOJK 2.e.9] [ACGS D.2.5]


Pada tahun ini tidak ada perubahan pada susunan       There were no changes to the compositions of
Direksi, sehingga susunan Direksi pada saat Laporan   the Company’s Directors by this year, hence the
Tahunan ini diterbitkan adalah sebagai berikut:       composition of the Directors at the time this Annual
[SEOJK 2.e.9.h] [SEOJK 2.e.11]                        Report is published is as follows:




Dari kiri ke kanan From left to right :
Hongky Jeffry Nantung [Direktur Director] Lie Jani Harjanto [Wakil Direktur Utama Vice President Director]
Teky Mailoa [Direktur Utama President Director] Handoko Wibowo [Direktur Director]

Masa jabatan mereka adalah sampai dengan              Their term of office is until the closing of the AGMS for
ditutupnya RUPST untuk tahun buku yang berakhir       the financial year ending December 31st, 2024.
pada tanggal 31 Desember 2024.




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Page 50
                                                Profil Perusahaan
                                                Company Profile                                      PT Duta Pertiwi Tbk




                                                                    Riwayat Pendidikan – Education [SEOJK 2.e.9.e]

                                                                    –   Master Degree in Structure and Construction
                                                                        Management, University of Wisconsin, Madison, USA
                                                                        (1990)
                                                                    –   Sarjana Teknik Sipil, Universitas Trisakti, Jakarta,
                                                                        Indonesia (1987)
                                                                        Bachelor’s Degree in Civil Engineering, from Trisakti
                                                                        University, Jakarta, Indonesia (1987)

                                                                    Pengalaman Profesional – Professional Experience
                                                                    [SEOJK 2.e.9.f(3)]


                                                                    –   Direktur Utama (2016 - sekarang), Wakil Direktur Utama
                                                                        (2010 - 2016), Direktur (2006 - 2010) dan Deputy
                                                                        Direktur Treasury/Corporate Planning PT Duta Pertiwi
                                                                        Tbk (1993 - 1995)
                                                                        President Director (2016 - present), Vice President
                                                                        Director (2010 - 2016), Director (2006 - 2010) and
                                                                        Deputy Director Treasury/Corporate Planning PT Duta
                                                                        Pertiwi Tbk (1993 - 1995)
                                                                    –   Wakil Presiden Direktur (2011 - 2013), Komisaris (2010 -
                                                                        2011) dan Direktur PT Bumi Serpong Damai Tbk (2003
                                                                        - 2010)
                                                                        Vice President Director (2011 - 2013), Commissioner
                                                                        (2010 - 2011) and Director of PT Bumi Serpong Damai Tbk
                                                                        (2003 - 2010)
                                                                    –   Presiden Direktur (2013 - 2016) dan Wakil Presiden
                                                                        Direktur (1995 - 2013) PT Puradelta Lestari Tbk
                                            Teky Mailoa                 President Director (2013 - 2016) and Vice President
                                           Direktur Utama               Director (1995 - 2013) PT Puradelta Lestari Tbk
                                         President Director         –   Asisten Manajer – Project Planning and Control Tutor
                                             [SEOJK 2.e.9.a]            Saliba di Perini Corp., Los Angeles, USA (1991 - 1993)
                                                                        Assistant Manager – Project Planning and Control Tutor
                                                                        Saliba at Perini Corp., Los Angeles, USA (1991 - 1993)
     Masa Jabatan – Serving period                                  –   Project Planning and Scheduling di John R. Hundley
                                                                        Inc., Orange County, USA (1990 - 1991)
                                                2020 – 2024

     Dasar Hukum Pengangkatan – Legal Basis of Appointment          Rangkap Jabatan – Concurrent Position [SEOJK 2.e.9.f(2)]
     [SEOJK 2.e.9.f(1)]
                                                                    Wakil Presiden Komisaris dan anggota Komite Nominasi
                     RUPST 10 Juli 2020 AGMS July 10th, 2020        dan Remunerasi (sejak 2015) PT Bumi Serpong Damai Tbk.
                                                                    Vice President Commissioner and member of Nomination
     Menjabat Sejak – Served Since                                  and Remuneration Committee (since 2015) of PT Bumi
                                                                    Serpong Damai Tbk.
                                                        2016

     Kewarganegaraan – Citizenship [SEOJK 2.e.9.d]                  Hubungan Afiliasi – Affiliation [SEOJK 2.e.9.g]

                                       Indonesia Indonesian
                                                                    Hubungan dengan Pemegang Saham Utama/Pengendali:
                                                                    Teky menjabat sebagai Wakil Presiden Komisaris Pemegang
     Domisili – Domicile
                                                                    Saham Utama/Pengendali dan sebagai Direktur dari
                                                                    Pemegang Saham Utama/Pengendali tidak langsung.
                                                     Jakarta
                                                                    Affilliation with the Major/Controlling Shareholders:
                                                                    Teky is the Vice President Commissioner of Major/
     Gender
                                                                    Controlling Shareholders and the Director of indirect Major/
                                                                    Controlling Shareholders.
                                               Laki-laki Male

     Usia – Age [SEOJK 2.e.9.c]                                     Kepemilikan Saham – Share Ownership [ACGS D.1.3]

                                          59 tahun years old        Tidak Ada None




50                                                                           Laporan Tahunan 2023 Annual Report
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PT Duta Pertiwi Tbk




Usia – Age [SEOJK 2.e.9.c]


                                         57 tahun years old


Riwayat Pendidikan – Education [SEOJK 2.e.9.e]


Sarjana Ekonomi, Universitas Trisakti, Indonesia (1989)
Bachelor’s Degree in Economics, Trisakti University,
Indonesia (1989)


Pengalaman Profesional – Professional Experienc
[SEOJK 2.e.9.f(3)]



–   Direktur Utama (2013 - 2016) dan Wakil Direktur Utama
    PT Duta Pertiwi Tbk (2011 - 2013)
    President Director (2013 - 2016) and Vice President
    Director of PT Duta Pertiwi Tbk (2011 - 2013)
–   Managing Director – Finance Sinar Mas Energy & Mining
    Division (2009 – 2010)                                    Lie Jani Harjanto
–   Managing Director-Finance Sinar Mas Forestry Division     Wakil Direktur Utama
    (2001 – 2009)                                             Vice President Director
–   General Manager Property Management Sinar Mas Real
    Estate Divison (1992 – 2001)
–   Controller Manager Sinar Mas Real Estate Division
    (1992)
–   Corporate Internal Audit Manager (1988 – 1992)

                                                              Masa Jabatan – Serving period
Rangkap Jabatan – Concurrent Position [SEOJK 2.e.9.f(2)]                                                 2020 – 2024

                                                              Dasar Hukum Pengangkatan – Legal Basis of Appointment
Direktur PT Bumi Serpong Damai Tbk (sejak 2010).
                                                              [SEOJK 2.e.9.f(1)]
Director of PT Bumi Serpong Damai Tbk (since 2010).

                                                                              RUPST 10 Juli 2020 AGMS July 10th, 2020
Hubungan Afiliasi – Affiliation [SEOJK 2.e.9.g]
                                                              Menjabat Sejak – Served Since

                                                                                                                2016
Hubungan dengan Pemegang Saham Utama/Pengendali:
Lie Jani menjabat sebagai Direktur Pemegang Saham
                                                              Kewarganegaraan – Citizenship [SEOJK 2.e.9.d]
Utama/Pengendali.
Affilliation with the Major/Controlling Shareholders:
                                                                                                Indonesia Indonesian
Lie Jani is serving as a Director of Major/Controlling
Shareholders.
                                                              Domisili – Domicile

                                                                                                              Jakarta
Kepemilikan Saham – Share Ownership [ACGS D.1.3]
                                                              Gender
Tidak Ada None
                                                                                                       Wanita Female




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Page 52
                                                Profil Perusahaan
                                                Company Profile                                       PT Duta Pertiwi Tbk




                                                                    Usia – Age [SEOJK 2.e.9.c]


                                                                                                             61 tahun years old


                                                                    Riwayat Pendidikan – Education [SEOJK 2.e.9.e]


                                                                    Bachelor’s Degree in Engineering,            University   of
                                                                    Wollongong, Australia (1990)


                                                                    Pengalaman Profesional – Professional Experience
                                                                    [SEOJK 2.e.9.f(3)]



                                                                    –   Deputy Director (2003 - 2006) dan General Manager
                             Hongky Jeffry Nantung                      PT Duta Pertiwi Tbk (2002 - 2003)
                                                     Direktur           Deputy Director (2003 - 2006) and General Manager at
                                                     Director           PT Duta Pertiwi Tbk (2002 - 2003)
                                                                    –   Direktur di PT Bumi Serpong Damai Tbk (2011 - 2015)
                                                                        (2003 - 2010) PT Bumi Serpong Damai Tbk
                                                                        Director at PT Bumi Serpong Damai Tbk (2011 - 2015)
                                                                    –   General Manager di PT Excelcomindo Pratama (1998 -
                                                                        2002)
                                                                        General Manager at PT Excelcomindo Pratama (1998 -
     Masa Jabatan – Serving period                                      2002)
                                                                    –   General Manager di Radjawali PDI Wisma Real Estate
                                                2020 – 2024             (1997 - 1998)
                                                                        General Manager at Radjawali PDI Wisma Real Estate
                                                                        (1997 - 1998)
     Dasar Hukum Pengangkatan – Legal Basis of Appointment
     [SEOJK 2.e.9.f(1)]

                     RUPST 10 Juli 2020 AGMS July 10th, 2020        Rangkap Jabatan – Concurrent Position [SEOJK 2.e.9.f(2)]

     Menjabat Sejak – Served Since
                                                                    Direktur PT Puradelta Lestari Tbk (sejak 2016)
                                                        2010        Director of PT Puradelta Lestari Tbk (since 2016)

     Kewarganegaraan – Citizenship [SEOJK 2.e.9.d]
                                                                    Hubungan Afiliasi – Affiliation [SEOJK 2.e.9.g]
                                       Indonesia Indonesian

     Domisili – Domicile                                            Tidak Ada None

                                                      Jakarta
                                                                    Kepemilikan Saham – Share Ownership [ACGS D.1.3]
     Gender
                                                                    Tidak Ada None
                                               Laki-laki Male




52                                                                           Laporan Tahunan 2023 Annual Report
Page 53
PT Duta Pertiwi Tbk




Usia – Age [SEOJK 2.e.9.c]


                                         61 tahun years old


Riwayat Pendidikan – Education [SEOJK 2.e.9.e]

                                                              Handoko Wibowo
Sarjana Ekonomi Jurusan Manajemen, Universitas                Direktur
Krisnadwipayana, Jakarta, Indonesia (1986)                    Director
Bachelor’s Degree in Economics majoring in Management
from Krisnadwipayana University, Jakarta, Indonesia (1986)


Pengalaman Profesional – Professional Experienc
[SEOJK 2.e.9.f(3)]
                                                              Masa Jabatan – Serving period

–   Bergabung dengan PT Bumi Serpong Damai Tbk (1987                                                     2020 – 2024
    - 2013)
    Joined PT Bumi Serpong Damai Tbk (1987 - 2013)
                                                              Dasar Hukum Pengangkatan – Legal Basis of Appointment
–   Analis keuangan di PT Bank Central Asia Tbk
                                                              [SEOJK 2.e.9.f(1)]
    Financial analyst in PT Bank Central Asia Tbk
                                                                              RUPST 10 Juli 2020 AGMS July 10th, 2020
Rangkap Jabatan – Concurrent Position [SEOJK 2.e.9.f(2)]
                                                              Menjabat Sejak – Served Since

Tidak Ada None                                                                                                  2011

                                                              Kewarganegaraan – Citizenship [SEOJK 2.e.9.d]
Hubungan Afiliasi – Affiliation [SEOJK 2.e.9.g]
                                                                                                Indonesia Indonesian

Tidak Ada None                                                Domisili – Domicile

                                                                                                              Jakarta
Kepemilikan Saham – Share Ownership [ACGS D.1.3]
                                                              Gender
Tidak Ada None
                                                                                                        Laki-laki Male




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Page 54
                                                Profil Perusahaan
                                                Company Profile                               PT Duta Pertiwi Tbk




     Dari kiri ke kanan duduk From left to right sitting down :
     Franciscus Xaverius R.D. [Wakil Komisaris Utama Vice President Commissioner] Teddy Pawitra [Komisaris Independen
     Independent Commissioner] Susiyati Bambang Hirawan [Komisaris Independen Independent Commissioner] Hongky Jeffry
     Nantung [Direktur Director]

     Dari kiri ke kanan berdiri From left to right standing :
     Teky Mailoa [Direktur Utama President Director] Handoko Wibowo [Direktur Director] Muktar Widjaja [Komisaris Utama
     President Commissioner] Lie Jani Harjanto [Wakil Direktur Utama Vice President Director]




54                                                                      Laporan Tahunan 2023 Annual Report
Page 55
PT Duta Pertiwi Tbk




PROFILE OF THE COMMISSIONERS
[SEOJK 2.e.10] [ACGS D.2.5]



Pada tahun ini tidak ada perubahan pada susunan              There were no changes to the compositions of the
BOC, sehingga susunan BOC pada saat Laporan                  Company’s BOC by this year, hence the composition
Tahunan ini diterbitkan adalah sebagai berikut:              of the BOC at the time this Annual Report is published
[SEOJK 2.e.10.i] [SEOJK 2.e.11]                              is as follows:




Dari kiri ke kanan From left to right : Muktar Widjaja [Komisaris Utama President Commissioner] Teddy Pawitra [Komisaris
Independen Independent Commissioner] Franciscus Xaverius R.D. [Wakil Komisaris Utama Vice President Commissioner]
Susiyati Bambang Hirawan [Komisaris Independen Independent Commissioner]


Masa jabatan masing-masing anggota BOC adalah                The term of office of each member of the BOC is until
sampai dengan ditutupnya RUPST untuk tahun buku              the closing of the AGMS for the financial year ending
yang berakhir pada tanggal 31 Desember 2024.                 December 31st, 2024.



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                                               Company Profile                                            PT Duta Pertiwi Tbk




                                                                   Riwayat Pendidikan – Education [SEOJK 2.e.10.e]

                                                                   Sarjana Administrasi Bisnis, University of Concordia,
                                                                   Montreal, Canada (1976)
                                                                   Bachelor’s degree in Business Administration, University of
                                                                   Concordia, Montreal, Canada (1976)

                                                                   Pengalaman Profesional – Professional Experience
                                                                   [SEOJK 2.e.10.f(4)]

                                                                   –   Direktur hingga Direktur Utama PT Duta Pertiwi Tbk (1988 – 2007)
                                                                       Director to President Director of PT Duta Pertiwi Tbk (1988 – 2007)
                                                                   –   Direktur Utama PT Sinar Mas Agro Resources and
                                                                       Technology Tbk (SMART) (1992 – 2008)
                                                                       President Director of PT Sinar Mas Agro Resources and
                                                                       Technology Tbk (SMART) (1992 – 2008)
                                                                   –   Direktur Utama Golden Agri Resources Ltd (2000 – 2018)
                                                                       President Director of Golden Agri Resources Ltd (2000 – 2018)
                                                                   –   Komisaris PT Sinar Mas Multiartha Tbk (1985 – 2005)
                                                                       Commissioner of PT Sinar Mas Multiartha Tbk (1985 – 2005)
                                                                   –   Wakil Komisaris Utama PT Dian Swastatika Sentosa Tbk
                                                                       (2011 – 2013)
                                                                       Vice President Commissioner of PT Dian Swastatika Sentosa
                                                                       Tbk (2011 – 2013)
                                                                   –   Direktur di PT Pabrik Kertas Tjiwi Kimia Tbk (1988 – 2006)
                                                                       Director of PT Pabrik Kertas Tjiwi Kimia Tbk (1988 – 2006)
                                                                   –   Wakil Direktur (1990– 2005) dan Komisaris (1988 – 1990)
                                       Muktar Widjaja                  PT Indah Kiat Pulp & Paper Tbk
         Komisaris Utama dan Anggota Komite Nominasi                   Deputy Director (1990 – 2005) and Commissioner (1988 –
                                                                       1990) of PT Indah Kiat Pulp & Paper Tbk
                                      dan Remunerasi
     President Commissioner and Member of Nomination
                          and Remuneration Committee               Rangkap Jabatan – Concurrent Position [SEOJK 2.e.10.f(3)]
                                            [SEOJK 2.e.10.a]
                                                                   –   Presiden Komisaris PT Bumi Serpong Damai Tbk (sejak 2007)
                                                                       President Commissioner of PT Bumi Serpong Damai Tbk
                                                                       (since 2007)
     Masa Jabatan – Serving period                                 –   Wakil Presiden Komisaris PT Sinar Mas Agro Resources and
                                                                       Technology Tbk (SMART) (sejak 2008)
                                                2022 – 2024            Vice President Commissioner of PT Sinar Mas Agro
                                                                       Resources and Technology Tbk (SMART) (since 2008)
     Dasar Hukum Pengangkatan – Legal Basis of Appointment
                                                                   –   Direktur Sinarmas Land Ltd. (d/h AFP Properties Ltd.) (sejak
     [SEOJK 2.e.10.f(1)]
                                                                       1997)
                                                                       Director of Sinarmas Land Ltd. (d/h AFP Properties Ltd.)
                     RUPST 10 Juli 2020 AGMS July 10th, 2020
                                                                       (since 1997)
                                                                   –   Chief Executive Officer Sinarmas Land Ltd. (d/h AFP
     Menjabat Sejak – Served Since
                                                                       Properties Ltd.) (sejak since 2006)
                                                                   –   Direktur Eksekutif dan Direktur Utama Golden Agri
      Komisaris Utama (2007) President Commissioner (2007)             Resources Ltd (2018 – sekarang)
          Anggota Komite Nominasi dan Remunerasi (2015)                Executive Director and President Director of Golden Agri
     Member of Nomination and Remuneration Committee (2015)            Resources Ltd (2018 – present)

     Kewarganegaraan – Citizenship [SEOJK 2.e.10.d]                Hubungan Afiliasi – Affiliation [SEOJK 2.e.10.g]

                                       Indonesia Indonesian
                                                                   (i) Hubungan keluarga dengan Wakil Presiden Direktur
     Domisili – Domicile                                           Pemegang Saham Utama/Pengendali dan (ii) Presiden
                                                                   Komisaris Pemegang Saham Utama/Pengendali.
                                                      Jakarta      (i) Family-related to Vice President Director of the Major/
                                                                   Controlling Shareholder and (ii) Commissioner of the Major/
     Gender                                                        Controlling Shareholder.
                                               Laki-laki Male

     Usia – Age [SEOJK 2.e.10.c]                                   Kepemilikan Saham – Share Ownership [ACGS D.1.3]

                                          69 tahun years old       Tidak Ada None




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Usia – Age [SEOJK 2.e.10.c]

                                         70 tahun years old

Riwayat Pendidikan – Education [SEOJK 2.e.10.e]


–   Sarjana Teknik Sipil, Jurusan Jalan Raya, Institut
    Teknologi Bandung, Indonesia (1994)
    Bachelor’s Degree in Civil Engineering, majoring in
    Highway Engineering, Bandung Institute of Technology,
    Indonesia (1994)
–   Sarjana Teknik Sipil, Universitas Katolik Parahyangan,
    Bandung, Indonesia (1981)
    Bachelor’s Degree in Civil Engineering, Parahyangan
    Catholic University, Bandung, Indonesia (1981)


Pengalaman Profesional – Professional Experience
[SEOJK 2.e.10.f(4)]

–   Presiden Direktur (2010 – 2013), Direktur (2004 – 2010)
    dan Direktur Teknik dan Perencanaan PT Duta Pertiwi
    Tbk (1994 – 2004)
    President Director (2010 – 2013), Director (2004 – 2010)
    and Director of Engineering and Planning of PT Duta
    Pertiwi Tbk (1994 – 2004)
–   Komisaris (2011 – 2013) dan Wakil Presiden Direktur
    PT Bumi Serpong Damai Tbk (2010 – 2011)                    Franciscus Xaverius R.D.
    Commissioner (2011 – 2013) and Vice President Director     Wakil Komisaris Utama dan
    of PT Bumi Serpong Damai Tbk (2010 – 2011)
                                                               Anggota Komite Nominasi dan Remunerasi
–   General Manager PT Paraga Artamida (1992)
    General Manager at PT Paraga Artamida (1992)
                                                               Vice President Commissioner and
–   Chief Engineering PT Putra Satria Prima (1986 - 1991)      Member of Nomination and Remuneration
–   Koordinator Proyek Sipil PT Indulexco (1979 - 1985)        Committee
    Civil Project Coordinator at PT Indulexco (1979 - 1985)


Rangkap Jabatan – Concurrent Position [SEOJK 2.e.10.f(3)]
                                                               Masa Jabatan – Serving period
Presiden Direktur PT Bumi Serpong Damai Tbk (sejak 2013)                                                  2022 – 2024
President Director of PT Bumi Serpong Damai Tbk (since
2013)                                                          Dasar Hukum Pengangkatan – Legal Basis of Appointment
                                                               [SEOJK 2.e.10.f(1)]

Hubungan Afiliasi – Affiliation [SEOJK 2.e.10.g]                               RUPST 10 Juli 2020 AGMS July 10th, 2020

                                                               Menjabat Sejak – Served Since
Hubungan dengan Pemegang Saham Utama/Pengendali:
Franciscus Xaverius menjabat sebagai (i) Presiden Direktur                                                        2015
Pemegang Saham Utama/Pengendali dan (ii) Direktur
Utama dari Pemegang Saham Utama/Pengendali tidak               Kewarganegaraan – Citizenship [SEOJK 2.e.10.d]
langsung.
Affilliation with the Major/Controlling Shareholders:                                            Indonesia Indonesian
Franciscus Xaverius is (i) the President Director of Major/
Controlling Shareholders and (ii) the President Director of    Domisili – Domicile
indirect Major/Controlling Shareholders.
                                                                                                                Jakarta

Kepemilikan Saham – Share Ownership [ACGS D.1.3]               Gender

Tidak Ada None                                                                                           Laki-laki Male




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                                                  Company Profile                                     PT Duta Pertiwi Tbk




                                                                      Kewarganegaraan – Citizenship [SEOJK 2.e.10.d]


                                                                                                          Indonesia Indonesian


                                                                      Domisili – Domicile


                                                                                                                        Jakarta
                                            Teddy Pawitra
                              Komisaris Independen dan                Gender
                  Ketua Komite Nominasi dan Remunerasi
              Independent Commissioner and Chairman of
                                                                                                                 Laki-laki Male
             the Nomination and Remuneration Committee

                                                                      Usia – Age [SEOJK 2.e.10.c]

     Masa Jabatan – Serving period                                                                           88 tahun years old

                                                   2022 – 2024
                                                                      Riwayat Pendidikan – Education [SEOJK 2.e.10.e]
     Dasar Hukum Pengangkatan – Legal Basis of Appointment
     [SEOJK 2.e.10.f(1)]
                                                                      –   Guru Besar Luar Biasa, Program Pascasarjana Ilmu
                        RUPST 10 Juli 2020 AGMS July 10th, 2020           Manajemen, Fakultas Ekonomi dan Bisnis, Universitas
                                                                          Indonesia (1990 - sekarang)
     Menjabat Sejak – Served Since                                        Extraordinary Professor, Master Program in Management
                                                                          from the Faculty of Economics and Business, the
                               Komisaris Independen (2003)                University of Indonesia (1990 - present)
             & Ketua Komite Nominasi dan Remunerasi (2015)            –   Doktor bidang Ilmu Ekonomi, Universitas Airlangga,
          Independent Commissioner (2003) & Chairman of the               Surabaya (bekerjasama dengan Erasmus University,
              Nomination and Remuneration Committee (2015)                Rotterdam) (1985)
                                                                          Doctorate degree in Economics, Airlangga University,
     Pernyataan Independensi – Statement of Independence                  Surabaya (in cooperation with Erasmus University,
     [SEOJK 2.e.10.h]                                                     Rotterdam) (1985)
                                                                      –   Master of Business Administration, University of
         Telah diperbaharui pada tahun 2023 Renewed in 2023               Minnesota, USA (1965)
                                                                      –   Sarjana Ekonomi Umum dan Perusahaan, Universitas
     Dasar pengangkatan Perdana – Initial Legal Appointment               Airlangga, Surabaya (1963)
     [SEOJK 2.e.10.f.(2)]                                                 Bachelor’s Degree in General and Business Economics,
                                                                          Airlangga University, Surabaya (1963)
                 RUPSLB 24 Juni 2003 EGMS on June 24th, 2003




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Pengalaman Profesional – Professional Experience                    Rangkap Jabatan – Concurrent Position [SEOJK 2.e.10.f(3)]
[SEOJK 2.e.10.f(4)]


                                                                    –   Komisaris Independen (sejak 2003) dan Ketua Komite
                                                                        Nominasi dan Remunerasi (sejak 2015) di PT Bumi
                                                                        Serpong Damai Tbk
–   Ketua Komite Audit PT Duta Pertiwi Tbk (2003 - 2011)                Independent Commissioner (since 2003) and
    Chairman of the Audit Committee at PT Duta Pertiwi Tbk              Chairman of Nomination and Remuneration Committee
    (2003 - 2011)                                                       (since 2015) at PT Bumi Serpong Damai Tbk
–   Ketua Komite Audit PT Sinar Mas Agro Resources and              –   Komisaris Independen PT Puradelta Lestari Tbk
    Technology Tbk (SMART) (2002 - 2010)                                (sejak 2013)
    Chairman of the Audit Committee at PT Sinar Mas Agro                Independent Commissioner of PT Puradelta Lestari Tbk
    Resources and Technology Tbk (SMART) (2002 - 2010)                  (since 2013)
–   Komisaris Independen PT Pabrik Kertas Tjiwi Kimia Tbk           –   Komisaris Independen (sejak 2002) dan Ketua Nominasi
    (2002 – 2007)                                                       dan Remunerasi (sejak 2015) di
    Independent Commissioner of PT Pabrik Kertas Tjiwi                  PT Sinar Mas Agro Resources and Technology Tbk
    Kimia Tbk (2002 – 2007)                                             (SMART)
–   Komisaris Independen PT Indah Kiat Pulp & Paper Tbk                 Independent Commissioner (since 2002) and
    (2002 – 2007)                                                       Chairman of Nomination and Remuneration Committee
    Independent Commissioner of PT Indah Kiat Pulp &                    (since 2015) at PT Sinar Mas Agro Resources and
    Paper Tbk (2002 – 2007)                                             Technology Tbk (SMART)
–   Komisaris Utama Bank Internasional Indonesia (1999 – 2000)      –   Direktur Utama PT Swadayanusa Kencana Raharja (sejak
    President Commissioner of Bank International Indonesia              2001)
    (1999 – 2000)                                                       President Director of PT Swadayanusa Kencana Raharja
–   Direktur Utama PT Star Engines Indonesia (1984 – 1994)              (sejak 2001)
    President Director for PT Star Engines Indonesia (1984 –
    1994)
–   Direktur Utama PT Lima Satrya Nirwana (1984 – 1987)             Hubungan Afiliasi – Affiliation [SEOJK 2.e.10.g]
    President Director for PT Lima Satrya Nirwana (1984 – 1987)
–   Direktur Utama PT German Motors Manufacturing
    (1979 – 1994)
                                                                    Hubungan dengan Pemegang Saham Utama/Pengendali:
    President Director for PT German Motors Manufacturing
                                                                    Teddy menjabat sebagai Komisaris Independen Pemegang
    (1979 – 1994)
                                                                    Saham Utama/Pengendali.
–   Direktur Utama PT Star Motors Indonesia (1970 – 1994)
                                                                    Affilliation with the Major/Controlling Shareholders:
    President Director for PT Star Motors Indonesia (1970 – 1994)
                                                                    Teddy is an Independent Commissioner of Major/
–   Direktur PT Gading Mas Surabaya (1966 – 1969)
                                                                    Controlling Shareholders.
    Director of PT Gading Mas Surabaya (1966 – 1969)
–   Kantor Akuntan Drs. Utomo & Mulia (1965 – 1966)
    Public Accounting Firm Drs. Utomo & Mulia in 1965 – 1966
                                                                    Kepemilikan Saham – Share Ownership [ACGS D.1.3]


                                                                    Tidak Ada None




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                                                  Company Profile                                      PT Duta Pertiwi Tbk




                                                                      Kewarganegaraan – Citizenship [SEOJK 2.e.10.d]

                                                                                                            Indonesia Indonesian

                                                                      Domisili – Domicile

                                                                                                                          Jakarta
                           Susiyati Bambang Hirawan
          Komisaris Independen dan Ketua Komite Audit                 Gender
                        Independent Commissioner and
                     Chairwoman of the Audit Committee                                                            Wanita Female

                                                                      Usia – Age [SEOJK 2.e.10.c]

                                                                                                              77 tahun years old
     Masa Jabatan – Serving period
                                                                      Riwayat Pendidikan – Education [SEOJK 2.e.10.e]
                                                   2020 – 2024

     Dasar Hukum Pengangkatan – Legal Basis of Appointment            –   Guru Besar Tetap Ekonomi dari Fakultas Ekonomi,
     [SEOJK 2.e.10.f(1)]                                                  Universitas Indonesia, Jakarta (2006)
                                                                          Professor in Economics from Faculty of Economics,
                        RUPST 10 Juli 2020 AGMS July 10th, 2020           University of Indonesia, Jakarta (2006)
                                                                      –   Doctor of Philosophy dari School of Public Policy,
     Menjabat Sejak – Served Since                                        University of Birmingham, Inggris (1990)
                                                                          Doctor degree of Philosophy from School of Public
                                Komisaris Independen (2007)               Policy, University of Birmingham, England (1990)
                                 & Ketua Komite Audit (2012)          –   Master of Social Science (MSc) di bidang Development
                          Independent Commissioner (2007) &               Administration, University of Birmingham, Inggris (1982)
                    Chairwoman of the Audit Committee (2012)              Master of Social Science (MSc) in Development
                                                                          Administration, University of Birmingham, England (1982)
     Pernyataan Independensi – Statement of Independence              –   Diploma di bidang Development of Finance, University
     [SEOJK 2.e.10.h]                                                     of Birmingham, Inggris (1980)
                                                                          Diploma in Development of Finance, from University of
         Telah diperbaharui pada tahun 2023 Renewed in 2023               Birmingham, England (1980)
                                                                      –   Sarjana Ekonomi, Jurusan Ekonomi Perusahaan,
     Dasar pengangkatan Perdana – Initial Legal Appointment               Universitas Indonesia, Jakarta (1972)
     [SEOJK 2.e.10.f.(2)]                                                 Bachelor of Economics from Faculty of Economics,
                                                                          University of Indonesia, Jakarta (1972)
         RUPST tanggal 15 Juni 2007 AGMS on June 15th, 2007




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Pengalaman Profesional – Professional Experience              Rangkap Jabatan – Concurrent Position [SEOJK 2.e.10.f(3)]
[SEOJK 2.e.10.f(4)]


                                                              –   Komisaris Independen (sejak 2007) dan Ketua Komite
                                                                  Audit (sejak 2013) PT Bumi Serpong Damai Tbk
                                                                  Independent Commissioner (since 2007) and
–   Ketua Komite Audit PT Sinar Mas Agro Resources and
                                                                  Chairwoman of the Audit Committee (since 2013)
    Technology Tbk (SMART) (2010 - Juli 2020)
                                                                  of PT Bumi Serpong Damai Tbk
    Chairwoman of the Audit Committee of PT Sinar Mas
                                                              –   Komisaris Independen (sejak 2013) dan Ketua Komite
    Agro Resources and Technology Tbk (SMART) (2010 -
                                                                  Audit (sejak 2015) PT Puradelta Lestari Tbk
    July 2020)
                                                                  Independent Commissioner (since 2013) and
–   Komisaris Independen (2009-2013) dan Ketua Komite
                                                                  Chairwoman of the Audit Committee (since 2015)
    Audit (2010 - 2013) PT Dian Swastatika Sentosa Tbk
                                                                  of PT Puradelta Lestari Tbk
    Independent Commissioner (2009 - 2013) and
                                                              –   Komisaris Independen PT Sinar Mas Agro Resources
    Chairwoman of the Audit Committee (2010 - 2013 of
                                                                  and Technology Tbk (SMART) (sejak 2008)
    PT Dian Swastatika Sentosa Tbk
                                                                  Independent Commissioner of PT Sinar Mas Agro
–   Komisaris Utama PT Rekayasa Industri (2004 - 2010)
                                                                  Resources and Technology Tbk (SMART) (since 2008)
    President Commissioner of PT Rekayasa Industri
                                                              –   Pengajar dari Fakultas Ekonomi, Universitas Indonesia
    (2004 - 2010)
                                                                  (sejak 1972)
–   Komisaris PT Danareksa (2004 - 2008)
                                                                  Lecturer at the Faculty of Economy of the University of
    Commissioner of PT Danareksa (2004 - 2008)
                                                                  Indonesia (since 1972)
–   Komisaris Perum Perumnas (1999 - 2004)
    Commissioner of Perum Perumnas (1999 - 2004)
–   Komisaris di PT Pupuk Sriwijaya (1999 - 2004)
    Commissioner of PT Pupuk Sriwijaya (1999 - 2004)          Hubungan Afiliasi – Affiliation [SEOJK 2.e.10.g]
–   Deputi Bidang Ekonomi dari Sekretaris Wakil Presiden
    RI (2000 - 2007)
    Deputy for Economics of the Secretary to the Vice         Hubungan dengan Pemegang Saham Utama/Pengendali:
    President of the RI (2000 - 2007)                         Susiyati menjabat sebagai Komisaris Independen
–   Komisaris PT ASABRI (1993- 2008)                          Pemegang Saham Utama/Pengendali.
    Commissioner of PT ASABRI (1993 - 2008)                   Affilliation with the Major/Controlling Shareholders:
–   Direktur Jenderal Lembaga Keuangan (1998-2000)            Susiyati is an Independent Commissioner of Major/
    General Director of Financial Institution (1998 - 2000)   Controlling Shareholders.
–   Kepala Biro Analisa Keuangan Daerah (1992 - 1998) di
    Departemen Keuangan Republik Indonesia
    Head of Regional Financial Analysis Bureau (1992 -
    1998) of the Department of Finance of the RI              Kepemilikan Saham – Share Ownership [ACGS D.1.3]


                                                              Tidak Ada None




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                                               Company Profile                                    PT Duta Pertiwi Tbk




     HUMAN CAPITAL



     Perusahaan telah membuktikan komitmennya untuk                DUTI has proven its commitment to focus on people.
     fokus terhadap karyawannya. Setiap inisiatif yang kami        Every initiative that we do in Human Capital is driven
     lakukan dalam Human Capital didorong oleh Nilai-              by the Company’s Values: Integrity, Positive Attitude,
     nilai Perusahaan: Integritas, Sikap Positif, Komitmen,        Commitment, Continuous Improvement, Innovation
     Perbaikan Berkelanjutan, Inovasi dan Kesetiaan.               and Loyalty.

     Pada tahun 2023, Human Capital kami, seiring dengan           In 2023, our Human Capital in alignment with the
     Transformasi Lincah dan Digital yang terjadi pada             organization-wide Agile & Digital Transformation
     seluruh organisasi, memberikan dukungan penuh                 provides full support to ensure a great Employee
     untuk memastikan Pengalaman Kekaryawanan (EX).                Experience (EX). This continuous improvement in
     Pengembangan pengalaman kekaryawanan yang                     employee experience is a complementing factor to
     berkesinambungan ini menjadi faktor yang melengkapi           the Company’s effort to provide employees with the
     upaya-upaya Perusahaan untuk memberikan pola pikir,           right mindset, skillset and toolset.
     rangkaian keterampilan dan perangkat yang benar.

     Fokus pada aspek-aspek ini menjadi penting untuk              Focusing on these aspects is imperative to ensure
     memastikan kesiapan kami dalam menghadapi                     our readiness for every challenge and to remain
     tiap tantangan dan tetap berdaya saing, membawa               competitive, bringing our success in terms of business
     keberhasilan dalam lingkup bisnis dan karyawan kami.          and people.

     Kesinambungan Digitalisasi Human Capital                      Continuation of Human Capital Digitalization
     Era digital dengan cepat mengubah cara bisnis                 The digital age is rapidly changing the way
     berinteraksi, beroperasi dan bersaing. Perusahaan             businesses interact, operate and compete. The
     menyadari perlunya memulai transformasi digital               Company recognized the need to embark on a digital
     sejak dini untuk memanfaatkan peluang bisnis baru             transformation early on to tap into new business
     dan menarik generasi baru tenaga kerja yang paham             opportunities and attract the new generation of tech-
     teknologi.                                                    savvy workforce.

     Tim Human Capital bekerja tanpa kenal lelah untuk             The Human Capital team has worked tirelessly to
     mengembangkan dan meningkatkan sistem Human                   develop and improve existing Human Capital systems,
     Capital, memotong pengulangan dalam proses                    eliminating redundancies in the processes and
     dan menggabungkan berbagai sumber data untuk                  incorporating multiple data sources to perform quality
     menghasilkan keputusan berbasis data yang berkualitas.        data-driven decisions.

     Tim Human Capital terus bekerja sama dengan                   The Human Capital team continuously works closely
     berbagai pemangku kepentingan untuk memperkuat                with various stakeholders to strengthen and position
     dan memposisikan Perusahaan sebagai pengembang                the Company as a highly sought-after modern
     real estat modern yang terdepan dalam teknologi dan           technology-fronting real estate developer that goes
     melampaui lingkup properti.                                   “beyond property”.


     Career Studio Perusahaan - Fokus dalam Membina                The Company’s Career Studio – A Focus on
     Generasi Pemimpin Berikutnya                                  Nurturing the Next Generation of Leaders
     Untuk menyelaraskan tujuan manajemen dalam                    To align management objectives in nurturing the next
     membina generasi pemimpin masa depan di                       generation of leaders in the Company, Human Capital,
     Perusahaan, Human Capital, bekerja sama dengan                in collaboration with third party well-known consultant,




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konsultan ternama pihak ketiga, memperkenalkan         introduced Career Studio in 2023. It was created to
Career Studio pada tahun 2023. Career Studio           enhance our leaders’ skills and well-roundedness,
diciptakan untuk meningkatkan keterampilan dan         accelerating their career growth.
kematangan pemimpin kami, mempercepat proses
mereka pertumbuhan karir.

Pada bulan Oktober 2023, kelompok pertama yang         In October 2023, the first group of 90 High Potential
terdiri dari 90 pemimpin Berpotensi Tinggi (Hi-Po)     (Hi-Po) leaders joined the grand launch, along with
bergabung dalam peluncuran utama, bersama dengan       the management. They will participate in a 15-month
manajemen. Mereka akan berpartisipasi dalam program    leadership program designed to combine experiential
kepemimpinan selama 15 bulan yang dirancang            classroom activities with industry insights, personalized
untuk menggabungkan aktivitas kelas berdasarkan        mentoring and coaching and practical action learning
pengalaman dengan wawasan industri, pendampingan       assignments.
dan pembinaan yang dipersonalisasi, serta tugas
pembelajaran tindakan praktis.

Untuk memastikan pengalaman pembelajaran yang          To ensure an immersive learning experience,
mendalam, para peserta akan memiliki kesempatan        participants will have the opportunity to participate
untuk berpartisipasi dalam Net New Ideas Clinics,      in Net New Ideas Clinics, where external industrial
dimana pakar industri eksternal memberikan wawasan     experts provide exclusive insights on improving
eksklusif tentang peningkatan bisnis, pengalaman AI    business, AI experiences and breaking innovation.
dan terobosan inovasi. Program ini juga mencakup       The program also includes Showcase sessions and
sesi Showcase dan momen perayaan kemajuan, yang        progress celebration moments, allowing participants
memungkinkan peserta untuk berinteraksi langsung       to interact directly with the top leadership team,
dengan tim pemimpin puncak sehingga mendorong          promoting engagement and motivation.
keterlibatan dan motivasi.

Memasuki tahun 2024, mereka akan memulai               Moving forward into 2024, they will begin their strategic
penugasan strategis bersama mentor dan pelatih         assignments with their mentor and coach to accelerate
untuk mempercepat pembelajaran mereka. Singkatnya,     their learning. In a nutshell, the Career Studio will
career studio akan berfungsi sebagai batu loncatan     serve as the springboard for “The Company’s Next
untuk “The Company’s Next Man Up” untuk saat ini dan   Man Up” for now and the future, providing the
masa depan, menyediakan mekanisme dukungan yang        necessary support mechanisms for the leaders and hi-
diperlukan bagi para pemimpin dan talenta-talenta      po talents to unleash their fullest potential and strive
hebat untuk mengeluarkan potensi mereka sepenuhnya     for greatness within the Company.
dan berjuang untuk mencapai kesuksesan dalam dunia
kerja Perusahaan.

Pengelolaan dan Pengembangan Bakat                     Talent Management and Development
Menjawab tantangan dalam Manajemen dan                 Answering the challenges in Talent Management and
Pengembangan Talenta, Human Capital mencurahkan        Development, Human Capital devoted resources
sumber daya dan energi untuk memperkuat strategi       and energy to strengthen our attract-develop-and-
menarik, mengembangkan dan mempertahankan;             retain strategy; also to formulate the best-fit strategic
juga untuk merumuskan perencanaan ketenagakerjaan      workforce planning for the Company. We have
strategis yang paling sesuai untuk Perusahaan.         successfully attracted both young and experienced
Kami telah berhasil menarik karyawan muda dan          hires to fill the positions that are not only needed by
berpengalaman untuk mengisi posisi yang tidak hanya    the Company but also in fact a great and fulfilling
dibutuhkan oleh Perusahaan tetapi juga merupakan       opportunity for the professionals that want to grow
peluang besar dan memuaskan bagi para profesional      their career.
yang ingin mengembangkan karir mereka.

Ketika seorang talenta bergabung dengan Perusahaan,    Once a talent joins the Company, the Human Capital
tim Human Capital, bersama dengan manajer masing-      team, together with their respective manager, will
masing, akan menyediakan banyak waktu dan sumber       provide immense time and resources to craft a career
daya untuk menyusun rencana kemajuan karier. Kami      progression plan. We believe in the importance of




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                                                 Profil Perusahaan
                                                 Company Profile                                    PT Duta Pertiwi Tbk




     percaya akan pentingnya menginspirasi karyawan kami             inspiring our people towards excellence, which will
     menuju keunggulan, yang kemudian akan membawa                   then bring the Company to scale new heights.
     Perusahaan ke tingkat yang lebih tinggi.

     Fokus Pada Pengalaman, Kesejahteraan Karyawan                   Focus On Employee Experience, Well-Being and
     dan Apresiasi atas Pencapaian Tahun 2023                        Appreciation on the 2023 Achievements
     Pengalaman Kekaryawanan (EX) yang baik sangat                   Great Employee Experience (EX) is crucial in today’s
     penting dalam organisasi modern saat ini. Kami percaya          modern organization. We believe that individuals who
     bahwa individu yang mengalami momen-momen                       experience moments that matter in every stage of the
     penting dalam setiap tahap perjalanan karyawan akan             employee journey are more likely to be motivated and
     lebih termotivasi dan berkomitmen terhadap pekerjaan            committed to their job, resulting in higher productivity
     mereka, sehingga menghasilkan produktivitas yang                and greater overall performance. This process took
     lebih tinggi dan kinerja keseluruhan yang lebih baik.           the form of Human Capital’s commitment and action
     Proses ini merupakan bentuk komitmen dan tindakan               on improving the experience from hire to retire.
     Human Capital dalam meningkatkan pengalaman mulai
     dari penerimaan hingga pensiun.

     Human Capital juga menyelenggarakan berbagai                    Human Capital also organized numerous activities/
     kegiatan/acara, baik secara daring, luring, maupun              events, in online, offline and hybrid settings to improve
     hybrid untuk meningkatkan keterlibatan dan                      employees’ engagement and well-being. Human
     kesejahteraan karyawan. Human Capital mengadakan                Capital held health talks, sharing sessions/webinars
     diskusi kesehatan, sesi berbagi/webinar dengan                  with various topics, physical well-being activities,
     berbagai topik, kegiatan kebugaran jasmani,                     health checks and competition and fun activities
     pemeriksaan kesehatan dan kompetisi serta kegiatan              for employees. Several notable events such as the
     menyenangkan bagi karyawan. Beberapa peristiwa                  Republic of Indonesia’s Independence Day, National
     penting seperti Hari Kemerdekaan Republik Indonesia,            Batik Day, Kartini Day, Mother’s Day, etc.
     Hari Batik Nasional, Hari Kartini, Hari Ibu, dll.

     Di penghujung tahun, SML Rising Star 2023 “Strive for           At the end of the year, SML Rising Star 2023 “Strive
     Greatness” dilaksanakan pada tanggal 4 Desember                 for Greatness”, was held on December 4th, 2023. SML
     2023. SML Rising Star menghargai dan mengapresiasi              Rising Star values and appreciates employees who
     karyawan yang telah menunjukkan kemajuan dan                    have shown their best progression and achievements
     prestasi terbaiknya hingga menjadi “Bintang” dalam              to become a “Star” in the Innovation Award, Best
     Innovation Award, Penghargaan Karyawan Terbaik dan              Employees and Top Leaders Award, so that they are
     Pemimpin Tertinggi, agar mereka mempunyai motivasi              highly motivated, keep growing and perform. For
     tinggi, terus berkembang dan berprestasi. Untuk                 the first time at this event, the People Management
     pertama kalinya pada acara ini, People Management               Excellence (PME) Awards were conducted and given
     Excellence (PME) Awards dilakukan dan diberikan                 to the division who have demonstrated proven joint
     kepada divisi-divisi yang telah menunjukkan upaya               efforts and achievement to manage their people with
     dan prestasi bersama yang terbukti dalam mengelola              employee-centricity. This event was attended by more
     sumber daya manusianya dengan berpusat pada                     than 300 managerial-and-above levels employees in
     karyawan. Acara ini dihadiri oleh lebih dari 300 karyawan       the Company.
     level manajerial ke atas.

     Silakan membaca Laporan Keberlanjutan 2023                      Please refer to the Company 2023 Sustainability Report
     Perusahaan pada halaman 64-75 untuk rincian lebih               on pages 64-75 for more details on our Human Capital
     lanjut mengenai inisiatif Divisi Human Capital kami.            Division’s initiatives.

     Pelatihan dan Pengembangan Kompetensi                           Our Employees’ Competency Training and
     Karyawan Kami [ACGS C.6.2]                                      Development
     Perusahaan      merencanakan      dan    mengevaluasi           The Company plans and evaluates compensation
     kompensasi       dan     program      pelatihan  dan            and performance-based employee training and
     pengembangan pegawai berbasis kinerja. Artinya,                 development programs. This means that everyone’s
     kinerja masing-masing individu dibandingkan dengan              performance is compared to a predetermined
     target kinerja yang telah ditetapkan.                           performance target.




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Seluruh karyawan menerima paket kompensasi              All employees receive an attractive compensation
yang menarik, serta tunjangan kesehatan yang            package, as well as comprehensive medical benefits
komprehensif dan hak cuti, yang sesuai dengan           and leave entitlements, in compliance with applicable
peraturan yang berlaku. Karyawan juga berhak atas       regulations. Employees are also entitled to special
kompensasi khusus, termasuk tunjangan perkawinan        compensation, including marital and bereavement
dan kedukaan. Sistem kompensasi tersebut secara         benefits. The compensation system is periodically
periodik dievaluasi dan disesuaikan, guna menjamin      evaluated and adjusted, to ensure that the Company
agar Perusahaan dapat terus menjaring, memotivasi       can continue to recruit, motivate and maintain a quality
dan mempertahankan tenaga kerja yang berkualitas.       workforce.

Pelatihan dan pengembangan karyawan dilakukan           The employees’ training and development is carried
berbasis     program      perencanaan    karir   yang   out based on a structured career planning program,
terstruktur sehingga karyawan dapat meraih potensi      thus the employees can achieve their maximum
maksimumnya. Sepanjang tahun 2023, sebanyak 419         potential. Throughout 2023, as many as 419 training
topik pelatihan telah diselenggarakan oleh Perusahaan   topics had been conducted by the Company through
melalui berbagai metode, yaitu e-learning, in-house     multiple methods, namely e-learning, in-house
training, knowledge sharing session, pelatihan umum     training, knowledge sharing session, public trainings
dan webinar. Total jumlah peserta adalah 6.435          and webinar. The total number of participants was
orang, sehingga setiap karyawan mengikuti rata-rata     6,435 people, thus, each employee participated on
5,51 pelatihan dalam tahun ini (2022: 3,40 pelatihan/   average 5.51 trainings in this year (2022: 3.40 training/
karyawan). Untuk itu, Perusahaan telah berinvestasi     employee). To that end, the Company has invested
sebesar Rp805 juta (2022: Rp714 juta).                  IDR805 million (2022: IDR714 million).

Informasi Jumlah Karyawan [SEOJK 2.e.12]                Information on Number of Employees
Pada akhir tahun 2023, jumlah karyawan adalah 1.167     At the end of 2023, the number of employees is
orang (2022: 1.094 orang) dengan komposisi sebagai      1,167 people (2022: 1,094 people) with the following
berikut:                                                composition:


Komposisi Karyawan Berdasarkan Level Jabatan dan Jenis Kelamin
Employee Composition by Position Level and Gender

                                                        2023                                2022
              Level Jabatan
               Position Level                    Pria           Wanita             Pria             Wanita
                                                 Male           Female             Male             Female


Non Staf             Non Staff                   267               22               252               24


Staf                 Staff                       415              283               397               257


Manajer              Manager                     105               49               98                43


Manajer Senior       Senior Manager               9                12               11                 7


Top Management       Top Management               4                1                 4                 1


                                  TOTAL                 1.167                               1.094




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                                                                 Profil Perusahaan
                                                                 Company Profile                                                            PT Duta Pertiwi Tbk




     Komposisi Karyawan Berdasarkan Level Jabatan dan Usia
     Composition of Employees based on Position Level and Age

                                                                                     2023                                                     2022
                    Level Jabatan
                     Position Level                              <30 tahun        30-50 tahun        >50 tahun          <30 tahun           30-50 tahun        >50 tahun
                                                                  years old        years old          years old          years old           years old          years old

     Non Staf              Non Staff                                24                   203             62                   24                205                    47

     Staf                  Staff                                   154                   437            107                   137               420                    97

     Manager               Manager                                  24                   82              48                   13                78                     50

     Senior Manager        Senior Manager                            0                    6              15                    0                    8                  10

     Top Management        Top Management                            0                    1                 4                  0                    1                  4

                                              TOTAL                                  1.167                                                    1.094



     Komposisi Karyawan Berdasarkan Level Jabatan dan Tingkat Pendidikan
     Composition of Employees based on Position and Education Level

                                                           2023                                                                         2022
      Level Jabatan
      Position Level        SD         SMP           SMA         Diploma        S1        S2 - S3      SD         SMP           SMA         Diploma       S1           S2 - S3
                           Primary   Junior high   Senior high                Bachelor    Advanced    Primary   Junior high   Senior high               Bachelor       Advanced



     Non Staf               10          19           239           15           6              0        7          18           228           16          7                0
     Non Staff

     Staf Staff              0           7           208           111        362             10        0           6           206           91        342                9

     Manager                 0           0            17           17         110             10        0           1              13         11         99              11
     Manager

     Senior Manager          0           0             0            0          17              4        0           0              2            0        18                4
     Senior Manager

     Top Management          0           0             0            0           2              3        0           0              0            0         2                3

                  TOTAL                                    1.167                                                                        1.094



     Komposisi Karyawan Berdasarkan Level Jabatan dan Status Ketenagakerjaan
     Composition of Employees based on Position Level and Employment Status

                                                                                          2023                                                  2022
                     Level Jabatan
                      Position Level                                     Permanen                    Kontrak                  Permanen                    Kontrak
                                                                         Permanen                    Contract                 Permanen                    Contract

     Non Staf                Non Staff                                     136                         153                          150                        126

     Staf                    Staff                                         406                         292                          372                        282

     Manajer                 Manager                                          97                        57                             81                      54

     Manajer Senior          Senior Manager                                   9                         12                             15                          9

     Top Management          Top Management                                   2                          3                              2                          3

                                                    TOTAL                                 1.167                                                 1.094




66                                                                                                   Laporan Tahunan 2023 Annual Report
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PT Duta Pertiwi Tbk




INFORMATION OF THE SHAREHOLDERS
[SEOJK 2.e.13]




Berikut adalah informasi pemegang saham Perusahaan       The following is the information on the Company’s
pada 31 Desember 2023.                                   shareholders on December 31st, 2023.


Komposisi dan Struktur Permodalan
Composition and Structure of Capital

      Deskripsi         Jumlah Modal (Rp)             Jumlah Saham               Nilai Nominal per Saham (Rp)
      Description        Total Capital (IDR)         Number of Shares            Nominal Value per Share (IDR)


Modal Dasar
                              1.500.000.000.000            3.000.000.000                     500
Authorized Capital


Modal Ditempatkan
dan Disetor                    925.000.000.000             1.850.000.000                     500
Issued and
Paid-up Capital




Komposisi Pemegang Saham [SEOJK 2.e.13.a] [ACGS D.1.1] [ACGS D.1.3]
Composition of the Shareholders

                                                               2023                              2022

             Nama             Status Pemilik        Jumlah           Persentase       Jumlah            Persentase
             Name             Owner Status          Saham           Kepemilikan       Saham            Kepemilikan
                                                   Number of         Ownership       Number of          Ownership
                                                    Shares           Percentage       Shares            Percentage


                              Perseroan
                              Terbatas
PT Bumi Serpong Damai Tbk                         1.691.876.633         91,45%     1.638.372.333           88,56%
                              Limited Liability
                              Company


Publik dengan kepemilikan kurang dari 5%           158.123.367           8,55%       211.627.667           11,44%
Public with less than 5% ownership

Direksi dan Dewan Komisaris                                     -            -                     -             -
The Directors and the BOC


                                     TOTAL        1.850.000.000          100%      1.850.000.000            100%




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                                                Profil Perusahaan
                                                Company Profile                                  PT Duta Pertiwi Tbk




     Kepemilikan Saham oleh Dewan Komisaris dan                     Shareholdings by the Board of Commissioners
     Direksi [SEOJK 2.e.14] [ACGS D.1.3]                            and Directors
     Anggota Dewan Komisaris dan Direksi tidak memiliki             Members of the BOC and Directors do not own any
     saham, langsung maupun tidak langsung di Perusahaan            shares, directly or indirectly, of the Company as of
     per 31 Desember 2023 dan 2022.                                 December 31st, 2023 and 2022.

     Kepemilikan Saham oleh Manajemen Senior                        Shareholdings by the Senior Management
     [ACGS D.1.3]                                                   Senior management of the Company do not own any
     Manajemen senior Perusahaan tidak memiliki saham,              shares, directly or indirectly, of the Company as of
     langsung maupun tidak langsung di Perusahaan per 31            December 31st, 2023 and 2022.
     Desember 2023 dan 2022.


     Komposisi Pemegang Saham Perusahaan Berdasarkan Kategori [SEOJK 2.e.15]
     The Company’s Shareholders Composition based on Category


     Jenis Pemilik                                                           Jumlah Saham       Persentase Kepemilikan
     Owner Category                                                        Number of Shares       Ownership Percentage


     Pemodal Nasional       Domestic Investors

     Bank – Domestik        Bank – Domestic                                       381.950                       0,02%

     Broker                 Brokerage                                              23.175                       0,00%

     Pemerintah Indonesia   Government of Indonesia                                    33                       0,00%

     Individu – Domestik    Individual – Domestic                               6.511.650                       0,35%

     Individu – Asing       Individual – Foreign                                    9.000                       0,00%

     Asuransi               Insurance                                             238.400                       0,01%

     Koperasi               Cooperative                                         2.376.800                       0,13%

     Reksadana              Mutual Fund                                             7.125                       0,00%

     Dana Pensiun           Pension Fund                                    1.709.263.082                     92,39%

     Perseroan Terbatas     Limited Liability Company                                 500                       0,00%

     Yayasan                Foundation                                                500                       0,00%

                                               SUB TOTAL                    1.718.811.715                     92,91%


     Pemodal Asing          Foreign Investor

     Individu – Asing       Individual – Foreign                                  136.800                       0,01%

     Institusi – Asing      Institution – Foreign                             131.051.485                       7,08%

                                               SUB TOTAL                      131.188.285                       7,09%


                                                    TOTAL                   1.850.000.000                       100%


                                                                                                    Sumber • Source : BAE


68                                                                         Laporan Tahunan 2023 Annual Report
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PT Duta Pertiwi Tbk




   Margaretha Natalia Widjaja             Komposisi Pemegang Saham Utama
  Sebagai Pengendali yang Ditunjuk
     As an Appointed Controller
                                          Composition of the Majority Shareholders
                                          [SEOJK 2.e.16] [ACGS D.1.1] [ACGS D.1.5]



 Sinarmas Land Limited      95,13%
      (Singapore)



                                     99,99%



  PT Paraga Artamida        39,65%            PT Ekacentra       25,63%          PT Bumi Serpong      1,22%             Masyarakat     33,50%
                                               Usahamaju                            Damai Tbk                             Public




                                                             PT Bumi Serpong       91,45%            Masyarakat         8,55%
                                                                Damai Tbk                              Public




                                                                               PT Duta Pertiwi Tbk




20 Pemegang Saham Terbesar Perusahaan
Top 20 Shareholders of the Company


                                                                                                                              Persentase
Nama                                               Status Pemilik                                   Jumlah Saham             Kepemilikan
Name                                               Owner Status                                    Number of Shares           Ownership
                                                                                                                              Percentage


                                                   Perseroan Terbatas
PT Bumi Serpong Damai Tbk                                                                            1.691.876.633                   91,45%
                                                   Limited Liability Company

                                                   Institusi Asing
Eurotrade Developments Limited                                                                         77.241.600                     4,18%
                                                   Foreign Institution

                                                   Institusi Asing
Morning Bright Investments Limited                                                                     52.782.167                     2,85%
                                                   Foreign Institution

                                                   Perseroan Terbatas
PT Sinar Mas Tunggal                                                                                   17.137.000                     0,93%
                                                   Limited Liability Company

                                                   Institusi Asing
Ham Pak Jam/Yusuf Hamdani                                                                                2.379.000                    0,13%
                                                   Foreign Institution

Reksa Dana Panin Dana Maksima -                    Reksa Dana                                            2.376.800                    0,13%
910334000                                          Mutual Fund

SCB SG S/A Bank J.Safra Sarasin Ltd.,              Institusi Asing                                            820.600                 0,04%
Singapore Branch For Clients A/C                   Foreign Institution

                                                   Individu – Domestik
Tuty Tjiputra                                                                                                 582.000                 0,03%
                                                   Individual – Domestic

                                                   Individu – Domestik
Beng Nagaruddin                                                                                               392.500                 0,02%
                                                   Individual – Domestic




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                                            Profil Perusahaan
                                            Company Profile                             PT Duta Pertiwi Tbk




                                                                                                  Persentase
     Nama                                 Status Pemilik                     Jumlah Saham        Kepemilikan
     Name                                 Owner Status                      Number of Shares      Ownership
                                                                                                  Percentage


                                          Institusi Asing
     HSBC Operating Account                                                        381.950              0,02%
                                          Foreign Institution

                                          Individu – Domestik
     Laurencius Djauhari                                                           269.000              0,01%
                                          Individual – Domestic

                                          Individu – Domestik
     Joseph Hermanto                                                               237.000              0,01%
                                          Individual – Domestic

                                          Individu – Domestik
     Haryanto Soelaiman                                                            170.100              0,01%
                                          Individual – Domestic

                                          Individu – Domestik
     Yusdi Abadi                                                                   160.000              0,01%
                                          Individual – Domestic

                                          Koperasi
     Koperasi Unit Desa Lubuk Alung III                                            135.500              0,01%
                                          Cooperative

                                          Individu – Domestik
     Andry Ansjori                                                                 120.000              0,01%
                                          Individual – Domestic

                                          Individu – Domestik
     James Hermanto                                                                117.000              0,01%
                                          Individual – Domestic

                                          Perseroan Terbatas
     PT Infiniti Securities                                                        108.750              0,01%
                                          Limited Liability Company

                                          Individu – Domestik
     Yuniasari                                                                     103.500              0,01%
                                          Individual – Domestic

                                          Individu – Domestik
     Ali Umar                                                                       90.000              0,00%
                                          Individual – Domestic

                                                                                             Sumber • Source : BAE




70                                                                    Laporan Tahunan 2023 Annual Report
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PT Duta Pertiwi Tbk




     Margaretha Natalia Widjaja
   Sebagai Pengendali yang Ditunjuk
      As an Appointed Controller


                                                      COMPANY’S BUSINESS
  Sinarmas Land Limited         95,13%
                                                      GROUP STRUCTURE
       (Singapore)
                                                      [SEOJK 2.e.17] [ACGS D.1.1] [ACGS D.1.5]



                                             99,99%     PT Ekacentra                                                                      PT Bumi Serpong
    PT Paraga Artamida          39,65%                   Usahamaju          25,63%              Masyarakat | Public   33,50%                 Damai Tbk             1,22%




                                                    PT Bumi Serpong Damai Tbk                                    PT Duta Pertiwi Tbk
                                        BSD City Serpong • Bale Tirtawana Bogor • Epicentrum Walk •
                                                                                                            ITC Mangga Dua, ITC Cempaka Mas, 91,45%
                                                                                                                 ITC Fatmawati, Roxy Mas
                                                                                                                                                          ’
                                        Rasuna Epicentrum (Lot) • The Elements • Lakasantri Surabaya



           Perumahan                                                                                                  PT Duti Diamond Development              30%*
           Housing                                              PT Kembangan Permai
                                                                    Development                   80%*
           Pusat Perbelanjaan                                     Taman Permata Buana
                                                                                                                         PT Mitrakarya Multiguna
           Shopping Mall                                                                                                   Benowo • Surabaya (Lot)
                                                                                                                                                               82%*

           Gedung Perkantoran                                                                                             PT Mustika Karya Sejati
           Office Building                                   PT Itomas Kembangan Perdana                                    Taman Permata Buana
                                                                                                                                                               100%
                                                                     Apartment Aerium             100%
                                                                   Taman Permata Buana
           Vacant                                                                                                        PT Pangeran Plaza Utama
                                                                                                                             Kota Bunga • Bogor
                                                                                                                                                               100%
                                                               PT Anekagriya Buminusa             100%
           Superblock & Commercial                                Kota Wisata • Cibubur
                                                                                                                         PT Saranapapan Ekasejati              100%
                                                                                                                             Kota Bunga • Bogor
           Berhenti Beroperasi                                   PT Kanaka Grahaasri              100%
           Ceased Operation                                       Kota Wisata • Cibubur                                   PT Perwita Margasakti                100%
                                                                                                                                ITC Kuningan
           Apartemen                                              PT Mekanusa Cipta
           Apartment                                              Kota Wisata • Cibubur
                                                                                                  100%                PT Phinisindo Zamrud Nusantara 77,48%*
                                                                                                                                  ITC Depok

           Waterpark
                                                                    PT Prima Sehati               100%                  PT Prestasi Mahkota Utama
                                                                  Kota Wisata • Cibubur                                     Jatiasih • Cibubur (Lot)
                                                                                                                                                               100%
           Pusat Perbelanjaan
           & Hotel
           Shopping Mall & Hotel                                  PT Putra Prabukarya                                     PT Putra Alvita Pratama
                                                                  Kota Wisata • Cibubur
                                                                                                  100%                      Grand Wisata • Bekasi
                                                                                                                                                              53,52%*


                                                                                                                                 PT Putra Tirta Wisata
                                                               Badan Kerjasama Pasar Pagi /                                                                      99,67%*
                                                                    ITC Mangga Dua                40%*                      Go!Wet Water Park • Grand Wisata
                                                                                                                                       • Bekasi
           Entitas Anak
           Subsidiary
                                                               PT Citraagung Tirtajatim                                      PT Panca Lambang Cipta               100%
                                                                      ITC Surabaya
                                                                                                  40%*
           Entitas Asosiasi
           Associates
                                                                                                                               PT Sahabat Duta Wisata             40%*
                                                              PT Duta Karya Propertindo           100%
           Entitas Ventura Bersama
           Joint Ventures                                                                                                    PT Royal Oriental
                                                                                                                       Sinar Mas Land Jakarta Tower 2-3       74,11%*
                                                                 PT Duta Semesta Mas                                      Cashbac • Sopo Del Tower
                                                                  Apartment Southgate
                                                                                                  100%

                                                                                                                          PT Sahabat Kota Wisata               40%*
Keterangan • Notes :
                                                              PT Keikyu Itomas Indonesia          10%*
Angka persentase menginformasikan                                Southgate • Prime Tower
kepemilikan langsung dan tidak                                                                                          PT Sinarwijaya Ekapratista
langsung, kecuali dinyatakan                                                                                           Taman Banjar Wijaya • Tangerang
                                                                                                                                                               100%
dengan *) dan ‘)                                                PT Kurniasubur Permai
The number of percentage informs                                      Cibubur (Lot)
                                                                                                  100%
direct and indirect ownership, unless                                                                                      PT Sinarwisata Lestari              100%
stated by *) and ‘)
                                                                  PT Matra Olah Cipta             50%*
*) Kepemilikan Langsung                                             ITC Permata Hijau
  Direct Ownership
                                                                                                                           PT Sinarwisata Permai               100%

’) Hanya Kepemilikan Langsung                                    PT Misaya Properindo             100%
  Only Direct Ownership                                         Legenda Wisata • Cibubur                                      PT Binamaju Mitra Sejati
  [ACGS D.1.2]                                                                                                                Wisata Bukit Mas • Surabaya
                                                                                                                                                                 25,50%*


                                                                                                                          PT Wijaya Pratama Raya              73,91%*
                                                                                                                        DP Mall, Rooms Inc. • Semarang




Laporan Tahunan 2023 Annual Report                                                                                                                                         71
Page 72
                                                        Profil Perusahaan
                                                        Company Profile                                              PT Duta Pertiwi Tbk




     LIST OF THE SUBSIDIARIES, THE ASSOCIATES
     AND/OR THE JOINT VENTURES
     [SEOJK 2.e.17] [ACGS D.1.5]
                                                                                                                                   Keterangan • Notes :
                                                                                              Angka persentase menginformasikan kepemilikan langsung
                                                                                                       dan tidak langsung, kecuali dinyatakan dengan *)
     Entitas Anak di bawah PT Duta Pertiwi Tbk                                                      The number of percentage informs direct and indirect
                                                                                                                          ownership, unless stated by *)
     Subsidiaries under PT Duta Pertiwi Tbk                                                              *) Kepemilikan Langsung Direct Ownership


                                                                                                                                           Jumlah Aset
           Nama            Bidang                                                                Tahun
                                                              Domisili                                                                   (dalam Jutaan
           Perusahaan      Usaha         Proyek                                 Kepemilikan    Penyertaan            Status
     No.                                                      Hukum                                                                              Rupiah)
           Company         Business      Project                                 Ownership        Year               Status
                                                              Domicile                                                                         Total Asset
           Name            Sector                                                               Acquired
                                                                                                                                      (In Million Rupiah)



     1     PT Anekagriya   Real Estate   Kota Wisata,         Jakarta Utara       100%            1996            Beroperasi                  218.242
           Buminusa                      Cibubur              North Jakarta                                    Fully Operational


     2     PT Kanaka       Real Estate   Kota Wisata,         Jakarta Utara       100%            1995            Beroperasi                    13.390
           Grahaasri                     Cibubur              North Jakarta                                    Fully Operational


     3     PT Mekanusa     Real Estate   Kota Wisata,         Jakarta Utara       100%            1994            Beroperasi                  677.926
           Cipta                         Cibubur              North Jakarta                                    Fully Operational


     4     PT Prima        Real Estate   Kota Wisata,         Jakarta Utara       100%            1995            Beroperasi                  734.941
           Sehati                        Cibubur              North Jakarta                                    Fully Operational


     5     PT Putra        Real Estate   Kota Wisata,         Jakarta Utara       100%            1996            Beroperasi                  105.369
           Prabukarya                    Cibubur              North Jakarta                                    Fully Operational


     6     PT Duta Karya   Real Estate             -          Jakarta Utara       100%            1997             Praoperasi                         40
           Propertindo                                        North Jakarta                                       Preoperation

           PT Duta                       Apartment            Jakarta                                             Beroperasi
     7
           Semesta Mas     Real Estate   Southgate            Selatan             100%            2005         Fully Operational           2.010.486
                                                              South Jakarta
           PT Itomas                     Apartment
     8     Kembangan       Real Estate   Aerium, Taman        Jakarta Barat      88,59%           2014            Beroperasi               1.209.278
                                         Permata Buana        West Jakarta                                     Fully Operational
           Perdana
           PT Kembangan
     9     Permai          Real Estate   Taman Permata        Jakarta Pusat        80%            2005            Beroperasi                  417.216
                                         Buana                Central Jakarta                                  Fully Operational
           Development*
                                         Cibubur,
     10 PT Kurniasubur     Real Estate   Tanah Kosong         Jakarta Utara       100%            1996             Praoperasi
                                                                                                                  Preoperation                540.738
           Permai                        Vacant land          North Jakarta


     11 PT Misaya          Real Estate   Legenda
                                         Wisata, Cibubur
                                                              Jakarta Utara       100%            1997            Beroperasi
                                                                                                               Fully Operational              142.781
           Properindo                                         North Jakarta


     12 PT Mitrakarya      Real Estate   Tanah Kosong         Benowo,
                                                              Surabaya             82%            2004             Praoperasi
                                                                                                                  Preoperation             1.469.139
           Multiguna*                    Vacant land



     13 PT Mustika         Real Estate   Taman Permata
                                         Buana
                                                              Jakarta Barat       100%            1995            Beroperasi
                                                                                                               Fully Operational                95.460
           Karya Sejati                                       West Jakarta


     14 PT Pangeran        Real Estate   Kota Bunga,
                                         Bogor
                                                              Jakarta Utara       100%            1993            Beroperasi
                                                                                                               Fully Operational                  3.802
           Plaza Utama                                        North Jakarta


     15 PT Saranapapan Real Estate       Kota Bunga,
                                         Bogor
                                                              Jakarta Utara       100%            1993            Beroperasi
                                                                                                               Fully Operational                56.651
           Ekasejati                                          North Jakarta




72                                                                                   Laporan Tahunan 2023 Annual Report
Page 73
PT Duta Pertiwi Tbk




                                                                                                                                          Jumlah Aset
      Nama             Bidang                                                                   Tahun
                                                             Domisili                                                                   (dalam Jutaan
      Perusahaan       Usaha             Proyek                                Kepemilikan    Penyertaan            Status
No.                                                          Hukum                                                                              Rupiah)
      Company          Business          Project                                Ownership        Year               Status
                                                             Domicile                                                                         Total Asset
      Name             Sector                                                                  Acquired
                                                                                                                                     (In Million Rupiah)


                                                             Jakarta
16 PT Perwita          Superblok         ITC Kuningan        Selatan             100%            1993            Beroperasi
                                                                                                              Fully Operational              127.937
      Margasakti       Superblock                            South Jakarta

      PT Phinisindo
17 Zamrud              Property          ITC Depok           Jakarta Utara      77,48%           2004            Beroperasi                  201.854
                       Development                           North Jakarta                                    Fully Operational
      Nusantara*

                                         Jatiasih, Cibubur
18 PT Prestasi                                               Jakarta Utara                                        Praoperasi                 121.231
      Mahkota Utama Real Estate          Tanah Kosong
                                         Vacant land         North Jakarta       100%            1993            Preoperation

                                                             Kabupaten
19 PT Putra Alvita     Real Estate       Grand Wisata        Bekasi             53,52%           2004            Beroperasi
                                                                                                              Fully Operational           2.685.974
      Pratama*                                               Bekasi Regency


                                         •   Sinar Mas
                       Gedung                Land Jakarta,
                                             Tower 2 - 3
20 PT Royal            Perkantoran       •   Cashbac         Jakarta Pusat      74,11%           1994            Beroperasi
                                                                                                              Fully Operational              656.952
   Oriental*           Office Building       (Dimo Space)    Central Jakarta
                                         •   Sopo Del
                                             Tower


                                         Taman Banjar
21 PT Sinarwijaya      Real Estate       Wijaya,             Jakarta Utara       100%            1990            Beroperasi
                                                                                                              Fully Operational              257.206
      Ekapratista                        Tangerang           North Jakarta


22 PT Sinarwisata      Hotel                       -         Jakarta Pusat       100%            1990        Berhenti Beroperasi
                                                                                                              Ceased Operation                   7.018
      Lestari                                                Central Jakarta


23 PT Sinarwisata      Hotel                       -         Jakarta Utara       100%            1993        Berhenti Beroperasi
                                                                                                              Ceased Operation               159.308
      Permai                                                 North Jakarta



24 PT Wijaya           Property
                       Management
                                         •   DP Mall
                                             Rooms Inc.      Semarang           73,91%           2013            Beroperasi
                                                                                                              Fully Operational              740.585
      Pratama Raya*                      •




                                                                                                                                  Keterangan • Notes :
                                                                                             Angka persentase menginformasikan kepemilikan langsung
                                                                                                      dan tidak langsung, kecuali dinyatakan dengan *)
Entitas Anak di bawah PT Putra Alvita Pratama                                                      The number of percentage informs direct and indirect
                                                                                                                         ownership, unless stated by *)
Subsidiaries under PT Putra Alvita Pratama                                                              *) Kepemilikan Langsung Direct Ownership



                                                                                                                                          Jumlah Aset
    Nama               Bidang                                                                   Tahun
                                                             Domisili                                                                   (dalam Jutaan
    Perusahaan         Usaha             Proyek                                Kepemilikan    Penyertaan            Status
No.                                                          Hukum                                                                              Rupiah)
    Company            Business          Project                                Ownership        Year               Status
                                                             Domicile                                                                         Total Asset
    Name               Sector                                                                  Acquired
                                                                                                                                     (In Million Rupiah)



      PT Putra Tirta                     Go!Wet,             Kabupaten                                           Beroperasi
1     Wisata*          Water Park        Grand Wisata        Bekasi             99,67%           2013         Fully Operational                54.102
                                                             Bekasi Regency


      PT Panca                                               Kabupaten                                            Praoperasi
2     Lambang Cipta    Real Estate                 -         Bekasi              100%            2021            Preoperation                        60
                                                             Bekasi Regency




Laporan Tahunan 2023 Annual Report                                                                                                                          73
Page 74
                                                            Profil Perusahaan
                                                            Company Profile                                        PT Duta Pertiwi Tbk




     Entitas Asosiasi
     Associates

                                                                                                                                       Jumlah Aset
           Nama               Bidang                                               Kepemilikan     Tahun
                                                                  Domisili                                                           (dalam Jutaan
           Perusahaan         Usaha         Proyek                                  Langsung     Penyertaan        Status
     No.                                                          Hukum                                                                      Rupiah)
           Company            Business      Project                                  Direct         Year           Status
                                                                  Domicile                                                                 Total Asset
           Name               Sector                                                Ownership     Acquired
                                                                                                                                  (In Million Rupiah)



           PT Binamaju
           Mitra Sejati                     Wisata                                                               Beroperasi
     1     (melalui through   Real Estate   Bukit Mas             Surabaya           25,50%        2010       Fully Operational           317.350
           PT Sinarwisata
           Permai)


           PT Bumi
           Paramudita Mas                                                                                        Beroperasi
     2     (melalui through Real Estate               -           Surabaya           0,01%         2011       Fully Operational           743.348
           PT Saranapapan
           Ekasejati)



     3     PT Citraagung      Property      ITC Surabaya          Surabaya            40%          2004          Beroperasi               180.187
           Tirta Jatim        Development                                                                     Fully Operational



           PT Matra           Property      ITC Permata           Jakarta                                        Beroperasi
     4     Olahcipta          Development   Hijau                 Selatan             50%          2002       Fully Operational           142.439
                                                                  South Jakarta


           PT Keikyu                                              Jakarta
     5     Itomas             Apartemen     Southgate,            Selatan             10%          2018          Beroperasi               612.071
                              Apartment     Prime Tower           South Jakarta                               Fully Operational
           Indonesia

                                            Living World          Kabupaten
     6     PT Sahabat         Property      Cibubur               Bogor               40%          2018          Praoperasi            1.446.488
           Kota Wisata        Development   (Under                Bogor Regency                                 Preoperation
                                            Construction)


           PT Sahabat                       Living World
           Duta Wisata        Property      Bekasi                Kabupaten                                      Praoperasi
     7     (melalui through   Development   (Under                Bekasi              40%          2019         Preoperation           1.037.756
           PT Putra Alvita                  Construction)         Bekasi Regency
           Pratama)




     Entitas Ventura Bersama melalui PT Duta Pertiwi Tbk
     Joint Ventures through PT Duta Pertiwi Tbk

                                                                                                                                       Jumlah Aset
           Nama               Bidang                                               Kepemilikan     Tahun
                                                                  Domisili                                                           (dalam Jutaan
           Perusahaan         Usaha         Proyek                                  Langsung     Penyertaan        Status
     No.                                                          Hukum                                                                      Rupiah)
           Company            Business      Project                                  DIrect         Year           Status
                                                                  Domicile                                                                 Total Asset
           Name               Sector                                                Ownership     Acquired
                                                                                                                                  (In Million Rupiah)


           Badan
     1     Kerjasama      Property          ITC Mangga            Jakarta Utara       40%          2005          Beroperasi                 25.122
           Pasar Pagi/    Management        Dua                   North Jakarta                               Fully Operational
           ITC Mangga Dua



           PT Duti                                                Jakarta                                        Praoperasi
     2     Diamond            Real Estate   Apartment             Selatan             30%          2019         Preoperation              294.920
           Development                                            South Jakarta




74                                                                                      Laporan Tahunan 2023 Annual Report
Page 75
PT Duta Pertiwi Tbk




ADDRESSES OF THE SUBSIDIARIES, THE ASSOCIATES
AND/OR THE JOINT VENTURES
[SEOJK 2.e.17]



No.   Nama Perusahaan                    Alamat
      Company Name                       Address

1      PT Anekagriya Buminusa            Kantor Pusat  Headquarters
                                         Jalan Kalibesar Barat No.8, Jakarta Barat 11230
2     PT Kanaka Grahaasri                 +62 21 690 8684  +62 21 690 7623
3     PT Mekanusa Cipta
                                         Kantor Cabang  Branch Office
4     PT Prima Sehati                    Management Office Ruko Sentra Eropa Block F No.23-24
                                         Jalan Transyogi Km.6, Kota Wisata, Cibubur, Bogor 16968
5     PT Putra Prabukarya                 +62 21 8493 5050/4848  +62 21 8493 4888

                                         Gedung Pusat Grosir Pasar Pagi Mangga Dua
      Badan Kerjasama Pasar Pagi/
6                                        Blok D 6th Fl. Jalan Mangga Dua Raya
      ITC Mangga Dua
                                         Kel. Ancol, Kec. Pademangan, Jakarta Utara

                                         Jalan Abdul Wahab Siamin RC 36, Kel. Dukuh Pakis,
7     PT Binamaju Mitra Sejati
                                         Kec. Dukuh Pakis, Surabaya  +62 31 753 4000

                                         Kompleks Ruko Villa Bukit Mas
8      PT Bumi Paramudita Mas            Jl. Abdul Wahab Siamin Block RC-36, Surabaya 60225
                                          +62 31 567 1393, 561 7000  +62 31 561 3917

                                         ITC Surabaya, Jl. Gembong No.20-30, Surabaya 60141
9     PT Citraagung Tirta Jatim
                                          +62 31 372 2222  +62 31 374 3333

                                         ITC Fatmawati Ground Floor No.118, Jl. RS. Fatmawati No.39
10    PT Duti Diamond Development
                                         Cipete Utara, Kebayoran Baru, Jakarta Selatan 12150


                                         ITC Mangga Dua, 5th Fl. Jl. Mangga Dua Raya, Jakarta Utara, 14430
11     PT Duta Karya Propertindo
                                          +62 21 601 9788 (hunting)  +62 21 601 5031


                                         Kantor Pusat  Headquarters
                                         ITC Mangga Dua, 7-8th Fl. Jl. Mangga Dua Raya, Jakarta Utara, 14430
                                          +62 21 601 9788 (hunting)  +62 21 601 7039
                                          www.sinarmasland.com; www.dutapertiwi.com
12    PT Duta Pertiwi Tbk
                                         Kantor Cabang  Branch Office
                                         Komplek Mangga Dua Block A7 No.18, Jl. Jagir Wonokromo 100
                                         Surabaya 60244  +62 31 843 7777  +62 31 841 1377

                                         Rukan Tanjung Mas Raya Block B1 No.32 RT.002/01, Tanjung Barat
13    PT Duta Semesta Mas
                                         Jagakarsa, Jakarta Barat 12530  +62 21 7810 522

                                         Jalan Pulau Melintang Blok A No.20, RT.006 RW.011, Kel. Kembangan Utara,
14     PT Itomas Kembangan Perdana
                                         Kecamatan Kembangan, Jakarta Barat  +62 21 581 4850

                                         Jl. Tanah Abang II No.53, Jakarta Pusat
15     PT Kembangan Permai Development
                                          +62 21 384 4157




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                                            Profil Perusahaan
                                            Company Profile                                           PT Duta Pertiwi Tbk




     No.   Nama Perusahaan                  Alamat
           Company Name                     Address

                                            Jalan Raya Tanjung Barat No.163, RT.012 RW.004, Kelurahan Tanjung Barat,
     16    PT Keikyu Itomas Indonesia
                                            Kecamatan Jagakarsa, Jakarta Selatan  +62 21 2958 0080

                                            ITC Mangga Dua, 7th Fl. Jl. Mangga Dua Raya, Jakarta Utara, 14430
     17    PT Kurniasubur Permai
                                             +62 21 601 9788 (hunting)  +62 21 601 5031

                                            Grand ITC Permata Hijau, Jl. Masjid Nur No.32 RT.006/010, Jakarta Selatan
     18    PT Matra Olahcipta
                                             +62 21 5366 3888  +62 21 5366 3885

                                            Kantor Pusat  Headquarters
                                            ITC Mangga Dua, 7-8th Fl. Jl. Mangga Dua Raya, Jakarta Utara, 14430
                                             +62 21 601 9788 (hunting)  +62 21 601 5031
     19    PT Misaya Properindo
                                            Kantor Cabang  Branch Office
                                            Legenda Wisata, Jl. Alternatif Transyogi Km.6, Cibubur
                                             +62 21 823 6262  +62 21 823 6363

                                            Wisata Bukit Mas, Club House Colloseum, Jl. Lidah Bukit Mas Timur No.2
     20    PT Mitrakarya Multiguna
                                            Surabaya  +62 31 753 4608

                                            Jl. Kalibesar Barat No.8, Jakarta Barat 11230
     21    PT Mustika Karya Sejati
                                             +62 21 690 8684  +62 21 690 7623

                                            Kantor Pusat  Headquarters
     22    PT Pangeran Plaza Utama          ITC Mangga Dua, 7-8th Fl. Jl. Mangga Dua Raya, Jakarta Utara, 14430
                                             +62 21 601 9788 (hunting)  +62 21 601 5031

                                            Kantor Cabang  Branch Office
     23    PT Saranapapan Ekasejati         Jl. Pacet Kp. Panggung RT.24/ 10, Sukanagalih - Pacet, Cianjur 43253
                                             +62 263 520 186/87  +62 263 515 853

     24    PT Panca Lambang Cipta           Celebration Boulevard Kav.1, Bekasi 17510

                                            Gedung ITC Kuningan, Lantai 10, Jl. Prof. DR. Satrio, Jakarta Selatan 12940
     25    PT Perwita Margasakti
                                             +62 21 576 0688

     26    PT Phinisindo Zamrud Nusantara   ITC Depok, Jl. Dewi Sartika RT.003/014 Depok  +62 21 777 5333

                                            ITC Mangga Dua, 7th Fl. Jl. Mangga Dua Raya, Jakarta Utara, 14430
     27    PT Prestasi Mahkota Utama
                                             +62 21 601 9788 (hunting)  +62 21 601 5031

     28    PT Putra Alvita Pratama
                                            Grand Wisata, Celebration Boulevard Kav.1, Bekasi 17510
                                             +62 21 2908 8000/70  +62 21 2908 8050
     29    PT Putra Tirta Wisata

                                            Sinar Mas Land Plaza Jakarta, Tower II, 14th Fl. Jl. MH.Thamrin Kav.51
     30    PT Royal Oriental
                                            Jakarta Pusat 10350  + 62 21 230 1441  +62 21 390 2231

                                            Jalan Celebration Boulevard Kav. 1 Grand Wisata, Lambangjaya
     31    PT Sahabat Duta Wisata
                                            Tambun Selatan, Kabupaten Bekasi, Jawa Barat

                                            Ruko Sentra Eropa Blok F No. 23-24, Kota Wisata
     32    PT Sahabat Kota Wisata
                                            Jalan Transyogi KM 6, Cibubur, Kabupaten Bogor

                                            Kantor Pusat  Headquarters
                                            ITC Mangga Dua, 7-8th Fl. Jl. Mangga Dua Raya, Jakarta Utara, 14430
                                             +62 21 601 9788 (hunting)  +62 21 601 7039
     33    PT Sinarwijaya Ekapratista
                                            Kantor Cabang  Branch Office
                                            Taman Banjar Wijaya, Jl. KH. Hasyim Ashari Km.2, Poris Plawad – Cipondoh
                                            Tangerang  +62 21 554 1906

                                            Jl.Mangga Dua Raya Jakarta 10730
     34    PT Sinarwisata Lestari
                                             +62 21 612 8811  +62 21 612 8822

                                            Jl. Jend. Sudirman, Balikpapan 76114
     35    PT Sinarwisata Permai
                                             +62 542 420 155  +62 542 420 150

                                            Gedung DP Mall, Lt. 3, Jalan Pemuda No.150, Semarang 50132
     36    PT Wijaya Pratama Raya
                                             +62 24 358 3588  +62 24 358 4488




76                                                                       Laporan Tahunan 2023 Annual Report
Page 77
PT Duta Pertiwi Tbk




INFORMATION ON STOCK LISTING
[SEOJK 2.e.18]




Saham Perseroan tercatat hanya di BEI dengan kode         The Company shares are only traded at BEI with stock
saham DUTI. Berikut adalah kronologi aksi pencatatan      code of DUTI. The following is the Company’s stock
saham Perusahaan.                                         listing actions.


                                                                                              Harga           Tempat
Deskripsi                      Tanggal Efektif     Tanggal Pencatatan   Jumlah Saham     Penawaran        Pencatatan
Description                    Effective Date      Recording Date         Total Shares           (Rp)          Saham
                                                                                            Offering    Place of Stock
                                                                                          Price (IDR)     Registration


Penawaran Saham Umum Perdana
Initial Public Offering        26 September 1994   2 November 1994        25.000.000          3.150


Penawaran Umum Terbatas I
dengan Hak Memesan Efek        24 Maret 1997
Terlebih Dahulu
                               March               15 April 1997        693.750.000             725
Limited Public Offering I
with Preemptive Rights                                                                                           BES


Penawaran Umum Terbatas II
dengan Hak Memesan Efek        5 Juni 2008         19 Juni 2008
Terlebih Dahulu
                               June                June                 462.500.000           1.059
Limited Public Offering II
with Preemptive Rights




INFORMATION ON OTHER SECURITIES LISTING
[SEOJK 2.e.19]




Selain pencatatan saham, Perusahaan tidak memiliki        Aside from the share listing, the Company does not
pencatatan efek lainnya yang akan jatuh tempo.            have other securities listing that are not due.




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Page 78
                                                    Profil Perusahaan
                                                    Company Profile                                     PT Duta Pertiwi Tbk




     PUBLIC ACCOUNTANT
     [SEOJK 2.e.20]



     Sesuai dengan Hasil Keputusan RUPST tanggal 27                     In accordance with the resolutions of the AGMS
     Juni 2023, pemegang saham memberikan wewenang                      dated June 27th, 2023, the shareholders authorized
     kepada BOC Perusahaan untuk menentukan Kantor                      the Company’s BOC to determine an Independent
     Akuntan Publik Independen yang akan melakukan                      Public Accounting Firm that will conduct an audit for
     audit atas buku Perusahaan untuk tahun buku yang                   the Company’s books for the financial year ending
     berakhir pada 31 Desember 2023. Melalui Surat                      December 31st, 2023. Through the BOC Circular
     Keputusan Sirkuler BOC tertanggal 9 Oktober 2023                   Decree dated October 9th, 2023 and after considering
     dan dengan mempertimbangkan rekomendasi dari                       recommendation from the Audit Committee, has
     Komite Audit, telah menunjuk Kantor Akuntan Publik                 appointed Mirawati Sensi Idris Public Accounting Firm
     Mirawati Sensi Idris (An independent member of Moore               (An independent member of Moore Global Network
     Global Network Limited) (“KAP”) dengan Leo Susanto                 Limited) (“KAP”) with Leo Susanto as the Public
     sebagai Akuntan Publik (“AP”) untuk melakukan audit                Accountant (“AP”) to audit the Company for the
     atas Perusahaan untuk tahun buku yang berakhir 31                  financial year ending December 31st, 2023. Currently,
     Desember 2023. Saat ini, KAP beralamat kantor di                   KAP has an office address at Intiland Tower, 7th Fl.
     Intiland Tower, 7th Fl. Jl. Jenderal Sudirman Kavling 32.          Jl. Jenderal Sudirman Lot 32, Jakarta 10220.
     Jakarta 10220.

     Biaya jasa audit atas Laporan Keuangan untuk tahun                 The fee for auditing the Financial Statements for the
     buku yang berakhir pada 31 Desember 2023 adalah                    financial year ending December 31st, 2023 is IDR425
     sebesar Rp425 juta. [ACGS D.6.1]                                   million.

     Selain jasa audit atas Laporan Keuangan, tidak ada jasa            Apart from the audit services of the Financial Statements,
     lainnya yang diberikan oleh akuntan publik termaksud.              there was not any other service rendered by the public
     [ACGS D.6.1]                                                       accountant.

     Informasi mengenai AP dan KAP yang melakukan                       The following is the information regarding AP and KAP
     audit Perusahaan selama 5 (lima) tahun terakhir adalah             that audited the Company for the last 5 (five) years.
     sebagai berikut:


     Tahun Buku    Kantor Akuntan Publik                                       Akuntan Publik       Opini
     Fiscal Year   Public Accounting Firm                                      Public Accountant    Opinion


                      Mirawati Sensi Idris (An independent member of Moore                           Wajar Tanpa Pengecualian
     2023                                                                      Leo Susanto
                      Global Network Limited)                                                        Unqualified Opinion

                      Mirawati Sensi Idris (An independent member of Moore                           Wajar Tanpa Pengecualian
     2022                                                                      Leo Susanto
                      Global Network Limited)                                                        Unqualified Opinion

                      Mirawati Sensi Idris (An independent member of Moore                           Wajar Tanpa Pengecualian
     2021                                                                      Leo Susanto
                      Global Network Limited)                                                        Unqualified Opinion

                      Mirawati Sensi Idris (An independent member of Moore                           Wajar Tanpa Pengecualian
     2020                                                                      Yelly Warsono
                      Global Network Limited)                                                        Unqualified Opinion

                      Mirawati Sensi Idris (An independent member of Moore                           Wajar Tanpa Pengecualian
     2019                                                                      Yelly Warsono
                      Global Network Limited)                                                        Unqualified Opinion




78                                                                              Laporan Tahunan 2023 Annual Report
Page 79
PT Duta Pertiwi Tbk




CAPITAL MARKET SUPPORTING INSTITUTIONS AND/OR
PROFESSIONS OTHER THAN AP AND KAP
[SEOJK 2.e.21]




                                                                                                                      Biaya Jasa
                                  Nama                                                                                Lembaga/Profesi
                  Lembaga/        Lembaga/                                                                            Tahun Buku 2023
Periode           Profesi         Profesi         Alamat                         Tugas                                Service Fee of
Period            Institutions/   Name of         Address                        Duties                               Institutions/
                  Professionals   Institutions/                                                                       Professionals for
                                  Professionals                                                                       Financial Year
                                                                                                                      2023


                                                                                 Melaksanakan kegiatan
                                                                                 penyimpanan dan pengalihan
                                                                                 hak atas saham pemegang
                                                                                 saham, menyusun daftar
                                                                                 pemegang saham dan
                                                  Menara Tekno 7th Floor         perubahannya atas permintaan
                                                  Jl. Fachrudin No. 19,          Perusahaan dan menyiapkan
                       Biro
                                                  Tanah Abang                    korespondensi Perusahaan
                    Administrasi
2008 – sekarang                  PT Sinartama     Jakarta Pusat 10250            dengan pemegang saham.               Rp60-70 juta
                       Efek
     – present                   Gunita            +62 21 392 2332                                                   IDR60-70 million
                      Share
                                                   +62 21 392 3003              Depository and transfer of the
                     Registrar
                                                   www.sinartama.co.id          shareholders’ shares rights
                                                                                 duties, prepares the list of
                                                                                 shareholders and its changes
                                                                                 upon the Company’s request
                                                                                 and prepares the Company’s
                                                                                 correspondence with the
                                                                                 shareholders.


                                                                                 Menyediakan jasa kustodian dan
                                                  Indonesia Stock Exchange       penitipan efek serta melakukan
                                                  Building, Menara I Lantai 5,   pelaksanaan pembayaran pokok
                       Bank
                                  PT Kustodian    Jl. Jend. Sudirman             dan bunga obligasi.
2001 – sekarang      Kustodian                                                                                        Rp5 - 10 juta
                                  Sentral Efek    Kav. 52-53, Jakarta 12190
     – present       Custodian                                                                                        IDR5 - 10 million
                                  Indonesia        +62 21 5299 1099             Providing central custodian and
                       Bank
                                                   +62 21 5299 1199             securities depository services
                                                                                 as well as bond and coupon
                                                                                 payment.



                                                                                 Menyiapkan dan membuatkan
                                                                                 akta-akta, menghadiri rapat-
                                                  Ruko Lakeshop, No. 35,         rapat, sehubungan dengan
                                                  Modernland,                    kegiatan Perusahaan dalam
                                                                                                                      Rp20 – 25 juta
2012 – sekarang        Notaris    Syarifudin,     Tangerang, Banten              pasar modal.
                                                                                                                      IDR20 – 25
     – present         Notary     S.H.             +62 21 5529 289                                                   million
                                                   +62 21 5529 324              Preparing and making the deeds,
                                                                                 attending meetings, according
                                                                                 to the Company’s activities in the
                                                                                 capital market.




Laporan Tahunan 2023 Annual Report                                                                                                        79
Page 80
                                    Profil Perusahaan
                                    Company Profile                            PT Duta Pertiwi Tbk




                                                                        Pemecahan Nilai Nominal Saham
     MILESTONES                                                         1 : 2.

                                                                        Penerbitan Obligasi Duta Pertiwi
                                                                        II dan Obligasi Duta Pertiwi III
                                                                        masing-masing sebesar Rp500
      Mengawali    usaha       di                                       miliar dan Rp350 miliar.
      bisnis real estat dengan      Penawaran umum perdana di
      mengembangkan          area   BES sebanyak 25 juta saham          Penambahan  Modal  dengan
      komersial Ruko Pangeran       dengan harga penawaran              HMETD sebanyak 693,75 juta
      Jayakarta dan perumahan       sebesar Rp3.150 /saham.             saham.
      Taman Duta Mas, Jakarta.
                                    Mulai mengembangkan proyek          Mulai mengembangkan proyek
      Mulai      mengembangkan      superblok ITC Cempaka Mas,          Mall Mangga Dua, Surabaya
      superblok pertama yaitu ITC   Jakarta.                            dan proyek perumahan Legenda
      Mangga Dua, Jakarta.                                              Wisata, Cibubur.



      1987 — 1989                   1994                                1997 — 1998




              1990 — 1993                     1995 — 1996                            2002 — 2008


      Mulai     mengembangkan       Pembagian      saham   bonus        Mulai mengembangkan proyek
      proyek superblok ITC Roxy     dengan      perbandingan   4        superblok ITC Permata Hijau,
      Mas.                          (empat) saham memperoleh 1          Jakarta dan ITC Depok.
                                    (satu) saham bonus.
      Mulai      mengembangkan                                          Penerbitan Obligasi Amortisasi
      proyek perumahan Taman        Penerbitan     Obligasi   Duta      Duta Pertiwi IV dan Obligasi Duta
      Banjar Wijaya di Tangerang,   Pertiwi I sebesar Rp200 miliar.     Pertiwi V masing-masing sebesar
      Kota Bunga di Bogor dan                                           Rp500 miliar.
      Taman Permata Buana di        Konversi Obligasi    sebanyak
      Jakarta.                      52,50 juta saham.                   Mulai mengembangkan proyek
                                                                        perumahan   Grand   Wisata,
      Mulai     mengembangkan       Mulai mengembangkan proyek          Bekasi.
      proyek Hotel Le Grandeur,     Mall Ambassador, superblok
      Balikpapan.                   ITC     Fatmawati,     gedung       ITC Surabaya Mega Grosir dan
                                    perkantoran Plaza BII dan Kota      DP Mall, Semarang mulai
                                    Wisata, Cibubur.                    beroperasi.

                                                                        Penambahan     Modal  dengan
                                                                        HMETD II sebanyak 462,50 juta
                                                                        saham dengan harga penawaran
                                                                        Rp1.059/saham.



80                                                            Laporan Tahunan 2023 Annual Report
Page 81
PT Duta Pertiwi Tbk




  Mengakuisisi 64,25% saham
  PT Wijaya Pratama Raya yang
  memiliki proyek DP Mall di         Pengambilalihan       saham
  Semarang.                          PT Itomas Kembangan Perdana.

  Plaza BII berubah      nama        Grand Opening AEON Mall
  menjadi  Sinarmas      Land        Tanjung Barat di Southgate
  Plaza.                             Apartment.

  Go!Wet Water Park, Grand
  Wisata mulai beroperasi.



  2013 — 2016                        2021 — 2022




  2017 — 2020                                                       2023


  Mulai       mengembangkan                                         Kapitalisasi   Pasar   per  31
  Apartment Southgate, Jakarta                                      Desember       2023    mencapai
  Selatan.                                                          Rp8,55triliun.

  Pembentukan usaha patungan
  untuk membangun mall di Grand
  Wisata, Bekasi.

  Pembentukan usaha patungan
  PT Duti Diamond Development
  untuk membangun apartemen di
  kawasan ITC Fatmawati.

  Penghentian operasional Hotel Le
  Grandeur Mangga Dua dan Hotel
  Le Grandeur Balikpapan.




Laporan Tahunan 2023 Annual Report                                                                    81
Page 82
                                       Profil Perusahaan
                                       Company Profile                              PT Duta Pertiwi Tbk




     MILESTONES
                                                                            Stock Split 1:2.

      Commenced operations in                                               Duta Pertiwi II and Duta Pertiwi III
      the real estate business by                                           Bond Issuance of IDR500 billion
      developing the commercial                                             and IDR350 billion respectively.
      area Ruko (shophouses) in        Initial Public Offering in
      Pangeran Jayakarta and the       Surabaya Stock Exchange of 25        Offering of Shares with Preemptive
      Taman Duta Mas Residential,      million shares with the offering     Right of 693.75 million shares.
      Jakarta project.                 price of IDR3,150 / share.
                                                                            Commenced project of Mall
      Commenced operations of its      Initiated development of the         Mangga Dua, Surabaya and
      first superblock project, ITC    superblock project of ITC            residential project of Legenda
      Mangga Dua, Jakarta.             Cempaka Mas, Jakarta.                Wisata, Cibubur.



      1987 — 1989                      1994                                 1997 — 1998




               1990 — 1993                        1995 — 1996                             2002 — 2008


      Initiated development   of       Distribution of bonus shares         Initiated    development       of
      superblock project of ITC        with the ratio of four shares to     superblock project of ITC Permata
      Roxy Mas, Jakarta.               get one bonus share (4:1).           Hijau, Jakarta and ITC Depok.

      Initiated   development   of     Duta Pertiwi I Bond Issuance of      Duta Pertiwi IV and Duta Pertiwi V
      residential project of Taman     IDR200 billion.                      Bond Issuance of IDR500 billion
      Banjar Wijaya in Tangerang,                                           respectively.
      Kota Bunga in Bogor and          Convertible Bond in the amount
      Taman Permata Buana in           of 52.50 million shares.             Initiated   development    of
      Jakarta.                                                              residential project of Grand
                                       Started development of Mall          Wisata project in Bekasi.
      Initiated development of hotel   Ambassador, ITC Fatmawati
      operations of Le Grandeur,       superblock, Plaza BII office         Commenced operations of ITC
      Balikpapan.                      building and Kota Wisata             Surabaya Mega Grosir and DP
                                       Cibubur.                             Mall, Semarang.

                                                                            PMTHMETD II of 462.50 million
                                                                            shares with an offering price of
                                                                            IDR1,059 / share.




82                                                                Laporan Tahunan 2023 Annual Report
Page 83
PT Duta Pertiwi Tbk




  Acquired 64.25% shares of PT
  Wijaya Pratama Raya that owns
  DP Mall project in Semarang.       Share acquisition of PT Itomas
                                     Kembangan Perdana.
  Plaza BII changed its name to
  Sinarmas Land Plaza.               Grand Opening of AEON Mall
                                     Tanjung Barat in Southgate
  Commenced operations of            Apartment.
  Go!Wet Water Park, Grand
  Wisata.




  2013 — 2016                        2021 — 2022




  2017 — 2020                                                         2023


  Initiated development of the                                        As of December 31st, 2023, the
  Southgate Apartment, South                                          Company’s market capitalization
  Jakarta.                                                            has reached IDR8.55 trillion.

  Establishment of a joint venture
  to build a mall at Grand Wisata,
  Bekasi.

  Establishment of a joint venture
  PT Duti Diamond Development
  to develop apartments in ITC
  Fatmawati area.

  The cessation operations of Le
  Grandeur Mangga Dua Hotel and
  Le Grandeur Balikpapan Hotel.




Laporan Tahunan 2023 Annual Report                                                                      83
Page 84
                                                Profil Perusahaan
                                                Company Profile                                     PT Duta Pertiwi Tbk




     EVENT HIGHLIGHTS

     2 Februari                                                     7 Mei
     February                                                       May




     Peluncuran loyalty program bertajuk Sinar Mas                  Entitas Anak, PT Wijaya Pratama Raya, lakukan
     Land Precious.                                                 groundbreaking untuk perluasan DP Mall
                                                                    Semarang yang akan menjadi lifestyle mall
     Launch of a loyalty program entitled Sinar Mas                 terdepan yang didesain dengan konsep ruang
     Land Precious.                                                 terbuka hijau atau eco-building pertama di Kota
                                                                    Semarang.

                                                                    The subsidiary, PT Wijaya Pratama Raya, carried
                                                                    out groundbreaking for the expansion of DP Mall
     16 Juli                                                        Semarang which will become a leading lifestyle mall
     July                                                           designed with the concept of green open space or
                                                                    the first eco-building in Semarang City.




                                                                    26 September




     Penandatanganan Perjanjian Kerja Sama (PKS)                    Peluncuran Excelia, hunian milenial di Taman Banjar
     dengan Hapimart untuk mengelola pusat ritel                    Wijaya dengan konsep Excellent Living.
     11.000 m2 di ITC Cempaka Mas.
                                                                    Launching of Excelia, a millennial residence in
     Signing of a Cooperation Agreement (PKS) with                  Taman Banjar Wijaya with the Excellent Living
     Hapimart to manage the 11,000 m² retail center at              concept.
     ITC Cempaka Mas.




84                                                                          Laporan Tahunan 2023 Annual Report
Page 85
PT Duta Pertiwi Tbk




AWARDS




                                                          18 September

24 Mei May                                                THE 14TH IICD CORPORATE
                                                          GOVERNANCE
LAMUDI AWARD                                              CONFERENCE AND AWARD
Lamudi                                                    Indonesian Institute for
                                                          Corporate Directorship

Best Mid-End Apartment
(Java)                                                    Top 50 Mid Capitalization of
SOUTHGATE                                                 Public Listed Company
                                                          PT DUTA PERTIWI TBK

                               11 Juli July

                               GOLDEN PROPERTY AWARD
                               Indonesia Property Watch



                               Best Township Development
                               Region Cibubur & Bogor
                               Surrounding
                               KOTA WISATA




                               Best Prestigious Housing
                               Region Bogor & Surrounding
                               ATHERTON @ KOTA WISATA




                               Best City Development
                               Region Bekasi & Surrounding
                               GRAND WISATA




Laporan Tahunan 2023 Annual Report                                                       85
Page 86
                         Artist Impression Tanamas
                         Grand Wisata – Bekasi




2023   Laporan Tahunan
       Annual Report
Page 87
                          PT Duta Pertiwi Tbk




MANAGEMENT DISCUSSION AND ANALYSIS



                                         87
Page 88
                                                                                                                PT Duta Pertiwi Tbk




     OPERATIONAL ANALYSIS OF BUSINESS SEGMENTS
     [SEOJK 2.f.1] [ACGS D.2.3]




     Kondisi industri properti di tahun 2023 telah lebih                   In 2023, the state of the property industry has
     baik dibandingkan tahun 2022. Indeks harga                            exhibited improvement compared to the preceding
     properti residensial primer yang diperoleh BI                         year. The primary residential property price index
     menunjukkan peningkatan 1,7% yang terjadi di                          compiled by BI indicated a collective rise of 1.7%
     semua tipe. Demikian juga untuk indeks permintaan                     across various property types. Similarly, the demand
     properti komersial kategori sewa yang tumbuh 1,9%                     index for commercial property rentals experienced
     dibandingkan 2022. Peningkatan ini didorong oleh                      a 1.9% increase from the previous year. This upward
     keyakinan konsumen dan dunia usaha akan kondisi                       trend is driven by the heightened confidence among
     ekonomi kini dan kedepan.                                             both consumers and businesses regarding the current
                                                                           and forthcoming economic outlook.

         PRAPENJUALAN
         Marketing Sales
                                                                           Pemerintah    juga    telah     terus     mendukung
                                  -20,73%                                  perkembangan industri properti, salah satunya dengan
                                                                           penerbitan peraturan pemberian insentif PPNDTP
                                                                           untuk rumah dengan harga sampai dengan Rp5 miliar.

                 271                                                       Perusahaan mencatatkan kinerja prapenjualan sebesar
                                                                           Rp1,68 triliun, sedikit di bawah target 2023, yaitu
                 229
                                                                           Rp1,71 triliun. Sebagian besar penjualan berasal dari
                                                                           segmen residensial, terutama di Grand Wisata Bekasi
                                                          521
                                                                           maupun Kota Wisata Cibubur.
              1.618
                                                       1.158               The government supports the growth of the property
                                                                           sector, one of them by providing the incentive of
                                                                           PPNDTP for houses under IDR5 billion.
                           2022              2023*
                                                                           The Company manages to record marketing sales
                                                                           performance of IDR1.68 trillion, slightly below the 2023
                                                 Rp miliar IDR billion
                                                                           target of IDR1.71 trillion. Most of the sales were from
                                                                           residential segments, primarily at Grand Wisata Bekasi
             Residential          Commercial             JV Land Lot       dan Kota Wisata Cibubur.


     *) Pada tahun 2023, Perusahaan menyajikan kembali dari Laporan Tahunan sebelumnya mengenai penjualan ruko yang pada tahun
        2022 dikategorikan di dalam segmen residential menjadi segmen commercial pada tahun 2023.
        In 2023, the Company restated from the previous Annual Report on the sales of shophouses in 2022 to residential segment to commercial
        segment in 2023.


     Segmen Residensial [SEOJK 2.f.1.a]                                    Residential Segment
     Di segmen residensial, Perusahaan memperkenalkan                      In the residential segment, the Company introduced
     beberapa proyek residensial baru. Di Grand Wisata                     several new residential projects. At Grand Wisata
     Bekasi, Perusahaan telah meluncurkan Levante di                       Bekasi, the Company launched Levante at Klasika,
     Klasika, Tanamas dan Water Terrace. Sementara, Kota                   Tanamas and Water Terrace. Meanwhile, Kota Wisata
     Wisata telah menghadirkan Vermont di bulan Mei.                       presented Vermont in May.




88                                                                                   Laporan Tahunan 2023 Annual Report
Page 89
                                                     Analisa dan Pembahasan Manajemen
PT Duta Pertiwi Tbk                                  Management Discussion and Analysis




Levante di Klasika menampilkan perpaduan antara             Levante at Klasika presented harmony between
arsitektur klasik modern dan lanskap alam. Ini              modern classic architecture and natural landscape. It
menciptakan rasa damai sekaligus tetap fungsional           creates peace while still functional, fit for markets that
yang cocok bagi pasar yang mencari rumah keluarga           look for spacious yet stylish family homes. The cluster
luas dan bergaya. Klaster ini menjadi lambang               is a symbol of a luxurious lifestyle in Bekasi that offers
kehidupan yang luxurious di Bekasi dengan tawaran           several types of units.
beberapa tipe unit.

Tanamas merupakan konsep hunian modern dan                  Tanamas is a modern and homey residence concept
homey dengan tema “Live, Work, Play”, yang                  upholding “Live, Work, Play” theme, designed for the
dirancang untuk generasi milenial yang memiliki             millennial generation that is highly mobile. Tanamas
mobilitas tinggi. Tanamas menawarkan dua tipe               offers two types of houses, with a building space of 73
rumah, dengan luas bangunan 73 m2 dan 108 m2.               m2 and 108 m2.

Water Terrace merupakan klaster dengan lingkungan           Water Terrace is a cluster with a beautiful and tranquil
hijau yang asri dan tenang. Rumah di klaster ini            green environment. The houses in this cluster are
ditawarkan dengan konsep modern dengan desain               offered with a modern concept with a “secondary
“secondary skin” menggunakan sistem framing untuk           skin” design using a framing system to maintain the
menjaga privasi penghuninya.                                privacy of the residents.


Sementara, Vermont di Kota Wisata menjadi alternatif        Meanwhile, Vermont at Kota Wisata is the best
terbaik yang berlokasi tidak jauh dari club house, Mall     alternative, located just next to the club house, Mall
Living World (under construction), area komersial dan       Living World (under construction), commercial areas
gerbang tol.                                                and toll gate.

Berikut adalah proyek-proyek residensial yang mulai         The Company and its Subsidiaries commenced
dikonstruksi dan diluncurkan pada tahun 2023 oleh           construction and introduced the following residential
Perusahaan dan Entitas Anaknya, antara lain:                projects in 2023, as follows:


Klaster/ Proyek                   Lokasi                                  Area (Ha)        Unit yang Dikontruksi
Cluster /Project                  Location                                                Units Under Construction


Lumibizz                          Legenda Wisata, Cibubur                   0,05                     7


New Water Terrace                 Grand Wisata, Bekasi                      1,17                    63


Garden Loft                       Grand Wisata, Bekasi                      0,22                    21


Z Living                          Grand Wisata, Bekasi                      3,54                    354




Klaster/ Proyek                   Lokasi                                  Area (Ha)        Unit yang Diluncurkan
Cluster /Project                  Location                                                    Launched Units


Levante, Klasika                  Grand Wisata, Bekasi                        3                     177


Tanamas                           Grand Wisata, Bekasi                       1,8                    144


Water Terrace                     Grand Wisata, Bekasi                       4,2                    81


Vermont                           Kota Wisata, Cibubur                       0,5                    27




Laporan Tahunan 2023 Annual Report                                                                                       89
Page 90
                                                                                                 PT Duta Pertiwi Tbk




                                                                  61,71%
        Berikut adalah kinerja            keuangan       segmen
        residensial Perusahaan:                                                                      57,68%

        The financial performance of the Company’s
        residential segment is outlined below:                                                        1.788

        RESIDENTIAL

                                                          1.475
                                                                  1.447
           Prapenjualan
           Marketing Sales
                                                                                           1.158
           Pendapatan                                                                                             1.031
           Revenues
                                                                              893
           Laba Kotor
           Gross Profit

           Marjin Laba Kotor
           Gross Profit Margin



                                 Rp miliar IDR billion
                                                                   2022                                2023




     Segmen Commercial [SEOJK 2.f.1.a]                            Commercial Segment
     Paska pencabutan status pandemi, aktivitas ekonomi           Following the easing of pandemic restrictions, there
     dan mobilitas masyarakat makin tinggi. Seiring dengan        has been a notable upsurge in economic activity and
     hal tersebut, permintaan akan ruang komersial pun            people mobility. Consequently, there has been a rise in
     bertambah.                                                   the demand for commercial properties.

     Pada tahun ini, Perusahaan meluncurkan Ruko Studio           This year, the Company launched Studio Loft
     Loft dan Business Loft Devant di Kota Wisata.                Shophouses and Business Loft Devant

     Devant Business Loft yang diluncurkan pada Mei 2023          Devant Business Loft, launched in May 2023, is an
     adalah kompleks komersial eksklusif yang terletak            exclusive commercial complex located right at the
     tepat di pintu masuk Kota Wisata, Cibubur. Dengan            entrance of Kota Wisata, Cibubur. With the concept
     konsep kawasan bisnis premium dan strategis, setiap          of a premium and strategic business area, each unit of
     unit Devant Business Loft dilengkapi dengan private          Devant Business Loft is equipped with private lifts, off-
     lift, area parkir off-street, bangunan mewah 4 lantai        street parking areas, luxurious 4-story buildings and
     dan dimensi desain yang bergaya.                             stylish design dimensions.

     Pusat komersial kedua yang dibangun Kota Wisata              The second commercial center built by Kota Wisata
     pada tahun ini dan diluncurkan pada bulan Oktober            this year and was launched in October was Studio
     adalah Ruko Studio Loft. Ruko ini dibangun mendekat          Loft Shophouses. The shophouses were built closer
     ke beberapa kawasan residensial yang premium,                to several premium residential areas, education and
     fasilitas pendidikan dan fasilitas kesehatan.                health facilities.

     Pada tahun ini, Perusahaan juga gencar meningkatkan          This year, the Company also aggressively increased
     daya tarik pada proyek apartemen dan kondominium.            the attractiveness of apartment and condominium
     Salah satunya adalah Aerium Residence di Jakarta             projects. One of them is Aerium Residence in West
     Barat yang menjadi ‘The First Prestigious Dog Friendly       Jakarta which is ‘The First Prestigious Dog Friendly
     Apartment’. Di tahun ini, Aerium Residence menjadi tuan      Apartment’. This year, Aerium Residence hosted
     rumah untuk Pawlentine Day dimeriahkan oleh berbagai         Pawlentine’s Day, enlivened by various types of pet
     jenis hewan peliharaan anjing dari berbagai macam ras.       dogs from various breeds. Aerium Residence is also
     Aerium Residence juga dilengkapi dengan fasilitas pet        equipped with pet hotel facilities, a dog pool, pet
     hotel, dog pool, pet salon, hingga dog park and cafe.        salon and a dog park and cafe.




90                                                                         Laporan Tahunan 2023 Annual Report
Page 91
                                                           Analisa dan Pembahasan Manajemen
PT Duta Pertiwi Tbk                                        Management Discussion and Analysis




Berikut adalah beberapa proyek commercial yang                    The Company and its Subsidiaries commenced
diluncurkan dan mulai dikonstruksi pada tahun 2023                construction and introduced the following commercial
oleh Perusahaan dan Entitas Anak, antara lain:                    projects in 2023, as follows:


Klaster/ Proyek Commercial              Lokasi                                  Area (Ha)           Unit yang Dikontruksi
Commercial Cluster /Project             Location                                                   Units Under Construction


Ruko Westfield                          Grand Wisata, Bekasi                      0,14                       27


Ruko Grand Business Park                Grand Wisata, Bekasi                      0,12                       13



Klaster/ Proyek Commercial              Lokasi                                  Area (Ha)          Unit yang Diluncurkan
Commercial Cluster /Project             Location                                                      Launched Units


Ruko Studio Loft                        Kota Wisata, Cibubur                       0,8                       66


Business Loft Devant                    Kota Wisata, Cibubur                       1,5                       65




   Berikut adalah kinerja              keuangan       segmen     51,54%
                                                                                                         49,30%
   commercial Perusahaan:

   The financial performance of the Company’s
                                                                                                1.324     1.324
   commercial segment is outlined below:

   COMMERCIAL



       Prapenjualan                                                801
       Marketing Sales

       Pendapatan                                                                                                       653
       Revenues

       Laba Kotor
       Gross Profit                                                            413
       Marjin Laba Kotor
                                                         372
       Gross Profit Margin



                              Rp miliar IDR billion
                                                                   2022                                    2023




Segmen Manajemen Aset [SEOJK 2.f.1.a]                             Asset Management Segment
Perusahaan mengelola aset-aset properti yang                      The Company manages property assets that generate
menghasilkan pendapatan berulang. Dua kategori aset               recurring income. The two categories of assets
yang dikelola Perusahaan adalah perkantoran dan ITC.              managed by the Company are offices and ITC.

Pada tahun ini, permintaan ruang perkantoran masih                This year, demand for office space still tended to
cenderung stagnan dengan tingkat sewa yang masih                  stagnate with rental rates still under pressure. Based on
tertekan. Berdasarkan data JLL pada triwulan ketiga,              JLL data in the third quarter, the need for office space
kebutuhan ruang kantor mengarah kepada unit-unit kecil            leads to small units with premium service and quality.




Laporan Tahunan 2023 Annual Report                                                                                            91
Page 92
                                                                                                PT Duta Pertiwi Tbk




     dengan pelayanan dan kualitas premium. Perkantoran        Grade A offices are still able to maintain occupancy
     grade A masih mampu mempertahankan tingkat                rate, but we remain alert to tight competition due to
     okupansi namun kami tetap waspada dengan persaingan       the large supply available.
     yang ketat karena besarnya pasokan yang ada.

     Berikut adalah proyek - proyek perkantoran yang           The following are office projects managed by the
     dikelola oleh Perusahaan beserta tingkat huniannya:       Company and their occupancy levels:


                                               GEDUNG PERKANTORAN
                                                   Office Building




                                                                                         100%



                                                                                                   100%



                                                                                                              100%
          86%



                    87%



                              90%




                                                 87%



                                                           95%



                                                                     75%




         2021      2022       2023              2021       2022      2023               2021       2022      2023



         Sinar Mas Land Plaza                          Cashbac
         Jakarta Tower 2 & 3                       (d/h Dimo Space)                        Sopo Del Tower
                Jakarta                                 Jakarta                               Jakarta



     Perusahaan juga dikenal dengan pengembang ITC,            The Company is also known as the developer of ITC, a
     sebuah brand yang telah dikenal sejak 1989.               brand that has been recognized since 1989.

     Perusahaan melakukan berbagai inovasi untuk               The Company made various innovations to increase
     meningkatkan foot traffic ke ITC. Upaya-upaya ini         foot traffic to ITC. These efforts have had a positive
     berdampak positif kepada volume penjualan para            impact on the sales volume of tenants, as evidenced
     tenant, terbukti dari tingkat pergantian tenant yang      by the relatively low tenant turnover rate. One of
     relatif rendah. Salah satu inovasi di antaranya adalah    the innovations is providing service center at ITC
     menyediakan pusat pelayanan publik terpadu di             Cempaka Mas is collaborating with Hapimart, a retail
     ITC Cempaka Mas dan ITC Roxy Mas. Tahun ini ITC           company from China which provides various variants
     Cempaka Mas menjalin kerja sama dengan Hapimart,          of daily necessities products ranging from grocery,
     perusahaan ritel asal Cina yang menyediakan beragam       fresh products, to various other household necessities.
     varian produk kebutuhan sehari-hari mulai dari groseri,   Hapimart will occupy an area of 11,000 m² at the lower
     produk segar, hingga beraneka macam kebutuhan             ground of ITC Cempaka Mas.
     rumah tangga lainnya. Hapimart menempati area
     seluas 11.000 m2 di lower ground ITC Cempaka Mas.

     Perusahaan mengelola superblok dengan konsep kawasan,     The Company manages superblocks with an area
     pusat perbelanjaan terintegrasi dengan kawasan hunian,    concept, integrated shopping centers with residential
     perkantoran atau angkutan umum massal. Kami melihat       areas, office or mass public transportation. We see that
     bahwa konsep superblok lebih dapat diterima karena        the superblock concept is more acceptable because it
     memiliki manfaat lebih dibandingkan mal-mal biasa.        has more benefits than ordinary malls.




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                                               Analisa dan Pembahasan Manajemen
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Berikut adalah tingkat hunian proyek superblok dan    The following is the occupancy rate for the Company’s
ITC Perusahaan selama tiga tahun terakhir.            superblocks and ITC projects over the last three years.

                                       SUPERBLOK Superblocks
    54%



             54%



                       60%




                                        56%



                                                  55%



                                                             58%




                                                                                    63%



                                                                                             72%



                                                                                                      79%
    2021     2022     2023             2021      2022       2023                2021        2022      2023


     ITC Permata Hijau                   ITC Cempaka Mas                                  ITC Depok
          Jakarta                             Jakarta
    65%



             68%



                       74%




                                        70%



                                                  73%



                                                             90%




                                                                                    64%



                                                                                             72%



                                                                                                      67%
    2021     2022     2023             2021      2022       2023                2021        2022      2023


       ITC Fatmawati                      ITC Mangga Dua                              ITC Kuningan
           Jakarta                            Jakarta                                    Jakarta
    77%



             87%



                       91%




                                        89%



                                                  84%



                                                             89%




                                                                                    78%



                                                                                             55%



                                                                                                      54%




    2021     2022     2023             2021      2022       2023                2021        2022      2023

     Mall Ambassador                       ITC Roxy Mas                               ITC Surabaya
          Jakarta                             Jakarta




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                                                                                               PT Duta Pertiwi Tbk




                                                                                                   80,86%
        Kinerja segmen ini tercermin di dalam kinerja sewa
                                                                     79,72%
        Perusahaan sebagaimana tergambar di bawah ini:

        The segment performance is reflected in the
                                                                       615
        Company’s rental performance as shown below:
                                                                                                    582

        SEWA
        Rental                                                                      490
                                                                                                                 471


           Pendapatan
           Revenues

           Laba Kotor
           Gross Profit

           Marjin Laba Kotor
           Gross Profit Margin



                                         Rp miliar IDR billion
                                                                             2022                         2023




     Segmen Retail and Hospitality [SEOJK 2.f.1.a]               Retail and Hospitality Segment
     Segmen retail and hospitality menyumbangkan                 The retail and hospitality segment that contributed
     pendapatan berulang kepada Perusahaan yang                  recurring income to the Company was driven by
     didorong oleh peningkatan kebutuhan travelling              increasing travel needs and the trend for recreation.
     dan tren untuk rekreasi. Tahun 2023, BPS mencatat           In 2023, BPS recorded that foreign tourist visits
     kunjungan wisatawan mancanegara meningkat hingga            increased by 98.30%, while national tourists increased
     98,30%, sementara wisatawan nasional 112,26%.               by 112.26%.

     JLL melaporkan bahwa sektor F&B berjaya, dengan             JLL reported that the F&B sector had been thriving,
     banyaknya tenant membuka toko-toko baru di berbagai         with many tenants opening new shops in various
     mall. Tenant fashion, kecantikan dan entertainment          malls. Fashion, beauty and entertainment tenants
     juga menyumbang kepada peningkatan permintaan               also contributed to the increase in demand. Tenant
     tersebut. Tenant entertainment terutama, mengalami          entertainment in particular experienced strong
     permintaan yang kuat di Jakarta. Sementara, beberapa        demand in Jakarta. Meanwhile, several foreign tenants
     tenant asing juga membuka cabang baru di Indonesia,         have also been opening new outlets in Indonesia,
     khususnya pada industri kecantikan.                         especially in the beauty industry.

     Kami mengembangkan beberapa aset retail yang                We develop several extensive retail assets with unique
     luas dengan konsep - konsep unik yang disesuaikan           concepts tailored to the markets served. AEON Mall
     dengan pasar yang dilayani. AEON Mall Southgate             Southgate Jakarta occupies a rental area of 47,586 m2.
     Jakarta menempati lahan sewa seluas 47.586 m2.              AEON Mall is the first waste-free mall to implement
     AEON Mall ini adalah mal pertama bebas sampah               the 6R, namely reduce, reuse, recycle, repair, refuse
     dengan menerapkan 6R, yaitu reduce, reuse, recycle,         and rethink.
     repair, refuse dan rethink.

     Pada tahun ini, kami memulai perluasan DP Mall di           This year, we started expanding DP Mall in Semarang.
     Semarang. Peletakkan batu pertama dilakukan pada            The foundation stone was laid on May 7th, 2023 and was
     7 Mei 2023 dan dihadiri oleh Walikota Semarang. DP          attended by the Mayor of Semarang. DP Mall, which is
     Mall yang dibangun di atas lahan seluas 3 hektar akan       built on three hectares of land, will be the primarily
     menjadi lifestyle mall pertama dan terdepan dengan          lifestyle mall with a green open space concept. DP
     konsep ruang terbuka hijau. DP Mall ini juga akan           Mall will also be the first eco-building in Semarang




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                                                       Analisa dan Pembahasan Manajemen
PT Duta Pertiwi Tbk                                    Management Discussion and Analysis




menjadi eco-building pertama di Semarang yang akan            which will be completed in 2025.
rampung pada tahun 2025.

Rooms Inc. yang bersisian dengan DP Mall juga                 Rooms Inc. which is adjacent to DP Mall also showed an
menunjukkan tingkat hunian yang meningkat seiring             increasing occupancy rate along with the development
perkembangan pariwisata Semarang. Pendapatan                  of Semarang tourism. Revenues from hotels increased
dari hotel meningkat 42,42% menjadi Rp7,62 miliar di          42.42% to IDR7.62 billion this year.
tahun ini.

Perkembangan tingkat hunian proyek-proyek Retail              The development of the occupancy rate of the
and Hospitality Perusahaan pada tiga tahun terakhir           Company’s Retail and Hospitality projects in the last
dapat dilihat di bawah ini.                                   three years can be seen below.
                            92%



                                     94%



                                                98%




                                                                   46%



                                                                              72%



                                                                                            80%
                            2021     2022      2023               2021        2022          2023


                                    DP Mall                               Rooms Inc.
                                   Semarang                               Semarang




   Di bawah ini adalah kinerja Rooms Inc. yang
                                                                   71,60%                          69, 45%
   dicatatkan oleh Perusahaan selama 2 tahun terakhir.

   Below is the performance of Rooms Inc. recorded
   by the Company for the last 2 years.
                                                                                                     25

   HOTEL
                                                                     19
                                                                                                                 17
                                                                                 13
      Pendapatan
      Revenues

      Laba Kotor
      Gross Profit

      Marjin Laba Kotor
      Gross Profit Margin



                                      Rp miliar IDR billion
                                                                          2022                            2023




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                                                                                                    PT Duta Pertiwi Tbk




     Perusahaan juga mengelola arena rekreasi yaitu               The Company also manages a recreational arena,
     Go!Wet Waterpark di Grand Wisata Bekasi yang                 namely Go!Wet Waterpark in Grand Wisata Bekasi.
     mengalami peningkatan aktivitas yang signifikan.             It experienced a significant increase in activity. The
     Peningkatan jumlah pengunjung mencapai 29,79%                increase in the number of visitors reached 29.79% to
     menjadi 190.885 orang.                                       190,885 people.

     Go!Wet memiliki sebuah wahana yaitu Go!Wet                   Go!Wet has a vehicle, namely Go!Wet Theater
     Theater 5D yang berkonsep basah-basahan satu-                5D, which has the only wet concept in Indonesia
     satunya di Indonesia dan telah tercatat dalam Museum         and has been recorded in the Indonesian Record
     Rekor Indonesia (MURI). Pengunjung dapat menonton            Museum (MURI). Visitors can watch rafting films while
     film rafting sambil merasakan genangan dan cipratan          experiencing the puddles and splashes of water
     air secara langsung.                                         directly.

     Perkembangan jumlah pengunjung arena ini dapat               The growth of the number of visitors to the arena can
     dilihat di bawah.                                            be seen below.




        JUMLAH
        PENGUNJUNG
        Number of Visitors

        Go!Wet
        Jakarta
                                                                    147.071




                                                                                                 190.885
                                      44.457




                                         2021                           2022                         2023


                                                                       21,08%
        Berikut adalah kinerja keuangan arena rekreasi yang
        dikelola Perusahaan:
                                                                                                           16,26%
        The financial performance of the Company’s
        recreation areas is outlined below:

        GO!WET                                                                10                            14



           Pendapatan
           Revenues

           Laba Kotor
           Gross Profit

           Marjin Laba Kotor                                                                                            2,20
           Gross Profit Margin                                                            2,10


                                          Rp miliar IDR billion
                                                                                   2022                          2023




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                                                    Analisa dan Pembahasan Manajemen
PT Duta Pertiwi Tbk                                 Management Discussion and Analysis




FINANCIAL ANALYSIS
[SEOJK 2.f.2]




Pembahasan dan analisa berikut mengacu pada                The following discussion and analysis refer to the
Laporan Keuangan Konsolidasian Perusahaan beserta          Consolidated Financial Statements of the Company
Entitas Anak dan catatan terkait untuk tahun-tahun         and its Subsidiaries and related notes for the periods
yang berakhir pada 31 Desember 2023 dan 2022,              ending on December 31st, 2023 and 2022, as audited
sebagaimana yang telah diaudit oleh Kantor Akuntan         by Registered Public Accountants Mirawati Sensi Idris
Publik Mirawati Sensi Idris (an independent member of      (an independent member of Moore Global Network
Moore Global Network Limited), selanjutnya disebut         Limited), hereinafter referred to as KAP, that is an
KAP, yang merupakan bagian tak terpisahkan dari            integral part of this Annual Report.
Laporan Tahunan ini.

Laporan     Keuangan     Konsolidasian    Perusahaan       The Company and its Subsidiaries’ Consolidated
beserta Entitas Anak dan catatan terkait untuk tahun-      Financial Statements and related notes for the periods
tahun yang berakhir pada 31 Desember 2023 dan              ending on December 31st, 2023 and 2022, has been
2022, telah dilengkapi dengan Surat Pernyataan             accompanied by the Directors’ Statement that all
Direksi yang menyatakan bahwa semua informasi di           information has been (i) fully and correctly disclosed;
dalamnya adalah (i) lengkap dan benar; dan (ii) tidak      and (ii) do not contain materially misleading information
mengandung informasi atau fakta material yang tidak        or facts and do not conceal any information or fact. The
benar dan tidak menghilangkan informasi atau fakta         Financial Statements were submitted by the Company
material. [ACGS D.8.3]. Laporan Keuangan ini telah         to the BEI with a copy forwarded to the OJK in a letter
disampaikan oleh Perusahaan kepada BEI dengan              No.020/IR-CS/DP/III/2024 dated March 14th, 2023.
tembusan kepada OJK dalam surat No.020/IR-CS/DP/
III/2024 pada tanggal 14 Maret 2024. [ACGS D.8.1]

Menurut pendapat KAP sesuai yang tercantum                 According to KAP as specified in letter No.00062/2.1090/
dalam     surat  No.00062/2.1090/AU.1/03/1284-3/1/         AU.1/03/1284-3/1/III/2024 dated March 12th, 2024, the
III/2024 tanggal 12 Maret 2024, Laporan Keuangan           Consolidated Financial Statements of the Company
Konsolidasian Perusahaan dan Entitas Anak untuk            and its Subsidiaries, as of December 31st, 2023 and 2022
tahun-tahun yang berakhir pada 31 Desember                 are presented “Unqualified Opinion”, in accordance
2023 dan 2022 mendapatkan opini “Wajar Tanpa               with the Indonesian Financial Accounting Standards.
Pengecualian”, sesuai dengan Standar Akuntansi
Keuangan di Indonesia.


Sekilas Kinerja Keuangan                                   Financial Performance in Brief
Sepanjang 2023, Perusahaan berhasil membukukan             Throughout 2023, the Company managed to record
pertumbuhan Pendapatan Usaha Rp3,86 triliun,               a growth in Revenues of IDR3.86 trillion, grew by
tumbuh 28,02% dan Laba Tahun Berjalan Rp1,29 triliun,      28.02% and Profit of the Year of IDR1.29 trillion, grew
tumbuh 51,80%.                                             by 51.80%.

Segmen-segmen yang memberikan kontribusi positif           Segments that contributed positively to the
terhadap Pendapatan Usaha secara konsolidasi adalah        consolidated Revenues were land, houses, shop
segmen tanah, rumah tinggal, ruko dan bangunan             houses and buildings with strata title. These segments
strata-title. Segmen ini merupakan segmen dengan           were the largest contributor of 80.56%, equivalent to
kontribusi tertinggi yakni 80,56% setara Rp3,11 triliun.   IDR3.11 trillion.




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                                                                                                  PT Duta Pertiwi Tbk




                                                                                 -2,92%




                                                                        15.586
                                                                                          15.131
     Jumlah Aset [SEOJK 2.f.2.a]
     Jumlah Aset Perusahaan pada tahun 2023 mengalami
     sedikit penurunan, sebesar Rp454,69 miliar menjadi
     Rp15,13 triliun.

     Total Assets
     Total Assets of the Company in 2023 slightly decreased,                                                Rp miliar
                                                                                                           IDR billion
     amounting to IDR454.69 billion to IDR15.13 trillion.
                                                                          2022             2023



                                       -6,52%




                               8.165
                                                7.633
                                                                Jumlah Aset Lancar [SEOJK 2.f.2.a]
                                                                Aset Lancar turun hingga Rp532,63 miliar menjadi
                                                                Rp7,63 triliun di akhir tahun 2023 karena adanya
                                                                penurunan Kas dan Setara Kas.

                                                                Total Current Assets
                                                                Current Assets were down by IDR532.63 billion to
        Rp miliar                                               IDR7.63 trillion at the end of 2023 due to the decrease
        Rp billion
                                                                in Cash and Cash Equivalents.
                               2022             2023



     Berikut adalah beberapa akun penting pada Aset Lancar.     The followings are several important accounts in the
                                                                Current Assets.

     Kas dan Setara Kas                                         Cash and Cash Equivalents
     Kas dan Setara Kas pada akhir tahun 2023 tercatat          Cash and Cash Equivalents as of 2023 was IDR2.88
     Rp2,88 triliun. Sebagian besar ditempatkan di              trillion. Most of it was placed in Time Deposits in
     Deposito Berjangka dalam denominasi Rupiah yang            Rupiah denominations that had an interest ranging at
     memperoleh bunga pada kisaran 3,20 -7,50%.                 3.20 -7.50%.



            Kas di Bank dan Deposito
            (Rupiah)
            Cash in Bank and Time                        3.492            2,22                2.852            2,22
            Deposit (Rupiah)
                                                                          8,02                                 21
            Kas di Bank dan Deposito
            (Dolar AS)
            Cash in Bank and Time
            Deposit (US Dollars)
                                                                          Rp miliar
            Kas Cash on hand                             2022             IDR billion         2023




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                                                     Analisa dan Pembahasan Manajemen
PT Duta Pertiwi Tbk                                  Management Discussion and Analysis




Piutang Usaha                                                Trade Receivables
Piutang Usaha Perusahaan pada akhir tahun 2023               The Company’s Trade Receivables at the end of 2023
tercatat Rp23,55 miliar. Sebagian besar dari angka           was IDR23.55 billion. Most of the number was less than
tersebut adalah yang usianya kurang dari 1 bulan.            1 month. The Company had established an allowance
Perusahaan telah membentuk cadangan kerugian                 for impairment that was set at IDR1.68 billion and
penurunan nilai piutang sebesar Rp1,68 miliar dan            believed to be adequate to cover possible losses from
berkeyakinan bahwa cadangan tersebut memadai                 uncollectible accounts.
untuk menutup kemungkinan kerugian dari tidak
tertagihnya piutang.


            12,98%                         PIUTANG USAHA (BERSIH)                           Sampai dengan 1 bulan
                                                                                            Less than 1 month
                                               Trade Receivables
                                                                                            > 1 bulan - 3 bulan
                                                                                            > 1 month - 3 months
                         24
          21                                                               0,37             > 3 bulan - 6 bulan
                                                                              0,02          > 3 months - 6 months


                                                                                            > 6 bulan - 1 tahun
                                                                     3,77
                                                        17                                  > 6 months - 1 year

                                                                    4,20                    Belum jatuh tempo
                                     Rp miliar                                              & tidak mengalami
                                     IDR billion                                            penurunan nilai
                                                                                            Not past due and not
         2022            2023                                2023                           impaired




Persediaan                                                   Inventories
Persediaan Perusahaan pada akhir tahun 2023 naik             The Company’s inventories at the end of 2023
Rp167,66 miliar menjadi Rp4,03 triliun. Sebagian besar       increased by IDR167.66 billion to IDR4.03 trillion. Most
Persediaan adalah dari segmen real estate.                   of the Inventories were from the real estate segment.


                                             PERSEDIAAN (BERSIH)
                                                  Inventories


               4,35%

                                              Persediaan
                                               Hotel dan     2022      927
                                                 Lainnya
                        4.026                  Hotel and
        3.858                                      Other     2023      1.298
                                              Inventories


                                              Persediaan     2022                         3.857.129
                                               Real Estat
                                              Real Estate
                                              Inventories    2023                          4.024.419



         2022            2023                                                                  Rp miliar IDR billion




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                                                                                                 PT Duta Pertiwi Tbk




                                                                                  1,05%


      Jumlah Aset Tidak Lancar [SEOJK 2.f.2.a]
      Jumlah Aset Tidak Lancar naik Rp77,94 miliar menjadi                                7.499
      Rp7,50 triliun. Kenaikan terjadi pada investasi dalam               7.421
      saham, yakni Perusahaan meningkatkan investasi di
      PT Sahabat Kota Wisata dan PT Sahabat Duta Wisata.

      Total Noncurrent Assets
      Total Noncurrent Assets increased by IDR77.94 billion
      to IDR7.50 trillion. The increase occurred in investment
      in shares, whereas the Company increased its
      investment in PT Sahabat Kota Wisata and PT Sahabat                                                    Rp miliar
                                                                                                            IDR billion
      Duta Wisata.
                                                                           2022           2023



         Berikut adalah beberapa akun penting pada Aset          The followings are several important accounts in the
         Tidak Lancar.                                           Noncurrent Assets.

                                     -1,27%
                                                                 Tanah yang Belum Dikembangkan
                                                                 Nilai Tanah yang Belum Dikembangkan milik
                                                                 Perusahaan pada akhir 2023 adalah Rp4,56 triliun
                             4.616                               dengan luas 3.690,64 ha. Nilai terbesar tanah ada di
                                              4.557
                                                                 Roxy dan Surabaya, sementara luas terbesar ada di
                                                                 Grand Wisata dan Surabaya.

                                                                 Land for Development
                                                                 The value of Land for Development that belongs to
                                                                 the Company at the end of 2023 was IDR4.56 trillion
                                                                 with an area of 3,690.64 hectares. The largest value of
         Rp miliar                                               land was in Roxy and Surabaya, while the largest areas
         IDR billion
                                                                 were in Grand Wisata and Surabaya.
                             2022             2023




         NILAI TANAH YANG BELUM DIKEMBANGKAN
         Value of Land for Development                                                                Rp miliar IDR billion



                            2023                                                                            1.457
                  Roxy II
                            2022                                                                  1.345


                            2023                                                                          1.431
               Surabaya
                            2022                                                                          1.428




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PT Duta Pertiwi Tbk                           Management Discussion and Analysis




                   2023                                   808
    Kota Wisata
                   2022                                              1.016

                   2023                            717
   Grand Wisata
                   2022                        682

                   2023             121
         Bekasi
                   2022             121

                   2022   17
    Mangga Dua
        Center
                   2023   16

                   2022   8
     Kota Bunga
                   2023   8


  LUAS TANAH YANG BELUM DIKEMBANGKAN
  Area of Land for Development                                                            dalam m2 in sqm


                   2023                                                                   4.805.922
   Grand Wisata
                   2022                                                                   4.810.801

                   2023                                                            4.352.954
       Surabaya
                   2022                                                            4.352.954

                   2023                        1.833.685
    Kota Wisata
                   2022                                     2.453.380

                   2023                  850.306
         Bekasi
                   2022                  850.306

                   2023        177.019
         Roxy II
                   2022        176.659

                   2022   24.186
    Mangga Dua
        Center
                   2023   24.186

                   2022   64.715
     Kota Bunga
                   2023   64.715




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      Aset Tetap                                                  Property and Equipment
      Aset Tetap Perusahaan pada akhir tahun 2023 tercatat        Property and Equipment of the Company at the end
      senilai Rp226,83 miliar. Nilai terbesar Aset Tetap adalah   of 2023 was IDR226.83 billion. The largest value of
      pada bangunan.                                              Property and Equipment was in buildings.

      Aset tetap, kecuali tanah, diasuransikan terhadap risiko    Property and Equipment, except for land, are insured
      kebakaran, kerusakan, pencurian dan risiko lainnya          against risk of fire, damages, theft and other possible
      kepada PT Asuransi Sinar Mas. Jumlah pertanggungan          risks to PT Asuransi Sinar Mas. The coverage value in
      pada tahun 2023 adalah Rp311,99 miliar dan US$59,98         2023 was IDR311.99 billion and USD59.98 million, that
      juta, yang cukup untuk menutup kemungkinan                  was adequate to cover the possibilities of losses in
      kerugian atas Aset Tetap.                                   Property and Equipment.

      Pada tanggal 28 Februari 2023 dan 1 Maret 2023, KJPP        On February 28th 2023 and March 1st, 2023, KJPP
      Rengganis, Hamid dan Rekan, penilai independen,             Rengganis, Hamid and Partners, an independent
      telah melakukan estimasi terhadap nilai wajar aset tetap    appraiser, has estimated the fair value of property
      berupa tanah dan bangunan hotel, serta bangunan             and equipment in land and buildings of hotel, as well
      dan mesin proyek Go!Wet. Estimasi terhadap nilai            as buildings and project machinery in Go!Wet. The
      wajar aset tersebut adalah Rp1,25 triliun.                  estimate fair value of the assets was IDR1.25 trillion.


      Properti Investasi                                          Investment Properties
      Nilai Properti Investasi pada akhir tahun 2023 adalah       The values of Investment Properties at the end of
      Rp2,09 triliun dengan luas 253.393 m2. Properti             2023 were IDR2.09 trillion with an area of 253,393
      investasi berlokasi di Jakarta, Bekasi, Depok               sqm. Investment Properties that are in Jakarta, Bekasi,
      dan Semarang disewakan kepada pihak ketiga                  Depok and Semarang are leased to third parties based
      berdasarkan perjanjian sewa.                                on lease agreement.




         PROPERTI INVESTASI BERDASARKAN NILAI 2023
         Investment Properties based on Values 2023                                                    Rp miliar IDR billion


                           2023                                                  935
             AEON Mall
              Southgate
                           2022                                                     985


                           2023                        475
                DP Mall
              Semarang
                           2022                           500


                           2023                        293
               Sinarmas
             Land Plaza
                           2022                           313


                           2023           87
               Sopo Del
                 Tower
                           2022            93


                           2023          77
             ITC Depok
                           2022          77




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                                                  Analisa dan Pembahasan Manajemen
PT Duta Pertiwi Tbk                               Management Discussion and Analysis




                      2023        55
    Grand Wisata
                      2022       50

                      2023       36
          Cashbac
                      2022       38

                      2023   8
       Mega ITC
    Cempaka Mas
                      2022   8

                      2023   0
    ITC Kuningan
                      2022   0

        Aset tetap
             dalam
        perjanjian
   rangka bangun      2023   16
    dan alih kelola
         Properties
      under build,    2022   19
           operate
       and transfer
        agreement

         Properti
  investasi dalam
                      2023         110
   pembangunan
   Construction in
         progress
                      2022                                                             1.373


  PROPERTI INVESTASI BERDASARKAN LUAS AREA 2023
  Investment Properties based on Area 2023                                               dalam m2 in sqm


                      2023                                                                     84.646
         Sinarmas
       Land Plaza
                      2022                                                                     84.646


                      2023                                            53.633
          DP Mall
        Semarang
                      2022                                            53.633


                      2023                                    47.586
       AEON Mall
        Southgate
                      2022                                    47.586


                      2023               24.195
    Grand Wisata
                      2022               24.195


                      2023        14.720
       Mega ITC
    Cempaka Mas
                      2022        14.720




Laporan Tahunan 2023 Annual Report                                                                         103
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                                                                                               PT Duta Pertiwi Tbk




                          2023                       11.674
           ITC Kuningan
                          2022                       11.674


                          2023                       11.600
              ITC Depok
                          2022                       11.600


                          2023         2.754
               Sopo Del
                 Tower
                          2022         2.754


                          2023         2.585
                Cashbac
                          2022         2.585



                                                                              -21,23%



      Jumlah Liabilitas [SEOJK 2.f.2.b]                               4.660
      Jumlah Liabilitas Perusahaan turun Rp989,34 miliar                                3.671
      menjadi Rp3,67 triliun di tahun 2023. Penurunan
      ini terjadi baik di liabilitas jangka pendek maupun
      jangka panjang.

      Total Liabilities
      Total Liabilities of the Company decreased by
      IDR989.34 billion to IDR3.67 trillion in 2023. The                                                 Rp miliar
                                                                                                        IDR billion
      decrease occurred both in short-term and long-term
      liabilities.                                                     2022             2023




                                   -15,71%




                           3.355
                                             2.828            Jumlah Liabilitas Jangka Pendek [SEOJK 2.f.2.b]
                                                              Liabilitas Jangka Pendek turun Rp527,00 miliar
                                                              menjadi Rp2,83 triliun. Penurunan terbesar terjadi
                                                              pada Liabilitas Kontrak sebesar Rp773,69 miliar.

                                                              Total Current Liabilities
                                                              Current Liabilities were down by IDR527.00 billion
         Rp miliar                                            to IDR2.83 trillion. The largest decrease occurred in
         IDR billion
                                                              Contract Liabilities of IDR773.69 billion.
                           2022              2023




104                                                                   Laporan Tahunan 2023 Annual Report
Page 105
                                                    Analisa dan Pembahasan Manajemen
PT Duta Pertiwi Tbk                                 Management Discussion and Analysis




Berikut adalah rincian beberapa akun di dalam               Here are details regarding significant accounts within
Liabilitas Lancar yang penting, yaitu Utang Usaha dan       Current Liabilities, specifically Trade Payables and
Liabilitas Kontrak. Liabilitas Kontrak yang dijelaskan      Contract Liabilities. The explanation of Contract
di bawah ini juga termasuk Liabilitas Kontrak jangka        Liabilities below covers long-term Contract Liabilities,
panjang yang merupakan bagian dari Liabilitas               which are components of Noncurrent Liabilities.
Jangka Panjang.

Utang Usaha                                                 Trade Payables
Utang Usaha naik Rp178,78 miliar menjadi Rp398,15           Trade Payables increased by IDR178.78 billion to
miliar. Sebagian besar Utang Usaha berumur kurang           IDR398.15 billion. Most of the Trade Payables were
dari 1 bulan, yakni Rp324,24 miliar.                        aged less than 1 month, namely IDR324.24 billion.


             81,50%                            UTANG USAHA 2023
                                                Trade Payables 2023
                           398
                                                                                           Sampai dengan 1 bulan
                                                                                           Less than 1 month


                                                                                           > 1 bulan - 3 bulan
          219                                                                              > 1 month - 3 months

                                                                       66     0,59
                                                                                           > 3 bulan - 6 bulan
                                                       324                    0,03         > 3 months - 6 months
                                                                              7,47
                                      Rp miliar                                            > 6 bulan - 1 tahun
                                                                                           > 6 months - 1 year
                                      IDR billion

          2022             2023                              2023                          > 1 tahun
                                                                                           > 1 year




Liabilitas Kontrak                                          Contract Liabilities
Liabilitas Kontrak merupakan uang muka penjualan            Contract Liabilities pertain to advances received
tanah dan bangunan Perusahaan yang diterima dari            from buyers for the sale of land and buildings of the
pelanggan yang kewajibannya belum terpenuhi. Pada           Company, wherein the performance obligation has not
tahun 2023, jumlah Liabilitas Kontrak turun Rp936,48        been satisfied. In 2023, the total Contract Liabilities
miliar menjadi Rp2,50 triliun. Sebagian besar Liabilitas    decreased by IDR936.48 billion to IDR2.50 trillion. Most
Kontrak Perusahaan adalah jangka pendek.                    of the Company’s Contract Liabilities were current.


                 -27,28%                   LIABILITAS KONTRAK 2023
                                             Contract Liabilities 2023

         3.433

                         2.496

                                                               587.480


                                                                                           Jangka Pendek
                                                           1.908.686                       Current
                                      Rp miliar
                                      IDR billion
                                                                                           Jangka Panjang
          2022             2023                              2023                          Non Current




Laporan Tahunan 2023 Annual Report                                                                                     105
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                                                                                             PT Duta Pertiwi Tbk



                                                                            -35,43%


                                                                    1.305

      Jumlah Liabilitas Jangka Panjang [SEOJK 2.f.2.b]
      Jumlah Liabilitas Jangka Panjang turun Rp462,33                                 843
      miliar menjadi Rp842,69 miliar karena penurunan
      Liabilitas Kontrak.

      Total Noncurrent Liabilities
      Total Noncurrent Liabilities were down by IDR462.33
      billion to IDR842.69 billion due to the decrease in                                              Rp miliar
                                                                                                      IDR billion
      Contract Liabilities.
                                                                     2022             2023




                                   4,89%




                         10 .926
                                           11. 461



                                                            Jumlah Ekuitas [SEOJK 2.f.2.c]
                                                            Jumlah Ekuitas Perusahaan naik Rp534,65 miliar
                                                            menjadi Rp11,46 triliun karena kenaikan laba ditahan.

                                                            Total Equity
         Rp miliar                                          The Company’s Total Equity rose by IDR534.65 billion
         IDR billion
                                                            to IDR11.46 trillion due to the increase of retained
                           2022             2023            earnings.




106                                                                 Laporan Tahunan 2023 Annual Report
Page 107
                                                  Analisa dan Pembahasan Manajemen
PT Duta Pertiwi Tbk                               Management Discussion and Analysis




ANALYSIS OF PROFIT OR LOSS



Pendapatan Usaha [SEOJK 2.f.1.b] [SEOJK 2.f.2.d]          Revenues
Pendapatan Usaha Perusahaan pada tahun 2023 naik          Revenues of the Company in 2023 increased by 28.02%
28,02% atau Rp845,34 miliar menjadi Rp3,86 triliun.       or IDR845.34 billion to IDR3.86 trillion. The increase
Kenaikan ini masih didorong oleh segmen penjualan,        is still supported by the sales segment, followed by
diikuti oleh hotel. Segmen penjualan berkontribusi        hotel. The sales segment contributed 81%, where the
81%, sementara sisanya adalah dari pendapatan             remaining was from recurring income such as rental
berulang seperti sewa dan hotel.                          and hotel.


                28,02%
                                        KOMPOSISI PENDAPATAN USAHA
                                            Revenues Composition
                           3.862

        3.017                                                            2.248       615 19 136

                                                 2022


                                                 2023

                                                                                  3.112    582 25 144
                                   Rp miliar
                                   IDR billion

         2022               2023                             Penjualan      Sewa                         Lain-lain
                                                                                           Hotel
                                                             Sales          Rental                       Others




Beban Pokok Penjualan [SEOJK 2.f.2.d]                     Cost of Revenues
Beban Pokok Penjualan naik Rp474,73 miliar menjadi        Cost of Revenues increased by IDR474.73 billion
Rp1,55 triliun. Kenaikan ini lebih tinggi daripada        to IDR1.55 trillion. The increase was higher than the
kenaikan Pendapatan Usaha karena tingginya harga-         increase of Revenues due to higher prices of basic
harga bahan pokok akibat inflasi.                         material due to inflation.



      Penjualan Tanah dan
      Bangunan Strata Title                       541                                    286
                                                                                                   125
      Sales of Land and Strata                              111                                           5
      Title Buildings
                                                                    8
      Penjualan Tanah
      dan Bangunan
      Sales of Land                                 887                                   656
      and Buildings
                                                                    Rp miliar
      Sewa Rental                                  2023             IDR billion           2022
      Hotel




Laporan Tahunan 2023 Annual Report                                                                                   107
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                                                                                                 PT Duta Pertiwi Tbk




      Laba Kotor [SEOJK 2.f.2.d]                                   Gross Profit
      Kenaikan harga telah menekan Laba Kotor menjadi              The rise in price had put pressure on Gross Profit
      Rp2,32 triliun, yang mencerminkan marjin laba kotor          to be IDR2.32 trillion, reflecting gross profit margin
      59,95%. Marjin tertinggi adalah pada segmen sewa,            of 59.95%. The highest margins were in the rental
      diikuti oleh hotel dan kemudian penjualan.                   segment, followed by hotel and then sales.


         LABA KOTOR                                MARJIN LABA KOTOR
         Gross Profit                              Gross Profit Margin

                                                       Marjin      2022                                64,46%
                       19,05%                      Laba Kotor
                                                   Gross Profit
                                                       Margin      2023                             59,95%
                                2.316

               1.945
                                                                   2022                                   71,61%
                                                          Hotel
                                                                   2023                                 69,46%


                                                                   2022                                       79,72%
                                                           Sewa
                                                          Rental
                                                                   2023                                        80,86%

                2022            2023
                                                                   2022                          58,08%
                                                     Penjualan
                                                         Sales
         Rp miliar                                                 2023                        54,11%
         IDR billion




      Beban Penjualan [SEOJK 2.f.2.d]                              Selling Expenses
      Beban Penjualan meningkat untuk mendorong                    Selling Expenses increased to support the target
      pencapaian target prapenjualan, menjadi Rp577,78             achievement of marketing sales, to IDR577.78 billion.
      miliar. Bagian terbesar adalah dari iklan, promosi dan       The major part was from advertising, promotion and
      komisi yang mencapai Rp331,87 miliar.                        commissions that accounted for IDR331.87 billion.


         JUMLAH BEBAN PENJUALAN                                KOMPOSISI BEBAN PENJUALAN
         Total Selling Expenses                                Composition of Selling Expenses
                                                                                                 Iklan, Promosi & Komisi
                       19,38%                                                                    Advertising, Promotions
                                                                                                 & Commissions
                                578
                                                                                                 Listrik, Komunikasi &
                                                                                                 Keperluan Kantor
                 484                                                             85              Electricity, Communication
                                                                                                 & Office Expenses

                                                                   332                34
                                                                                                 Gaji & Tunjangan
                                                                                                 Karyawan
                                                                             128                 Salaries & Employees
                                                                                                 Allowances
                                            Rp miliar
                                            IDR billion                                          Beban Penjualan
                                                                                                 Lain-lain
                2022            2023                                      2023                   Other Selling Expenses




108                                                                         Laporan Tahunan 2023 Annual Report
Page 109
                                                     Analisa dan Pembahasan Manajemen
PT Duta Pertiwi Tbk                                  Management Discussion and Analysis




Beban Umum dan Administrasi [SEOJK 2.f.2.d]                 General and Administrative Expenses
Beban Umum dan Administrasi juga meningkat,                 General and Administrative Expenses also increased,
khususnya pada gaji dan tunjangan karyawan.                 particularly in employees’ salaries and benefits. The
Peningkatan beban ini mencapai Rp24,40 miliar               expense increased by IDR24.40 billion to IDR383.43
menjadi Rp383,43 miliar.                                    billion.


   JUMLAH BEBAN UMUM DAN ADMINISTRASI                       KOMPOSISI BEBAN UMUM DAN ADMINISTRASI 2023
   Total General and Administrative Expenses                Composition of General and Administrative Expenses 2023
                                                                                                 Gaji & Tunjangan Karyawan
                   6,79%                                                                         Salaries & Employees
                                                                                                 Allowances
                                                                                                 Pajak Bumi
                                                                                                 dan Bangunan
                            383                                                                  Land and Building Tax
                                                                               40
           359                                                                                   Jasa Alih Daya
                                                                225                              Outsourcing
                                                                                         19
                                                                                                 Penyusutan
                                                                                     17          dan Amortisasi
                                                                       55                        Depreciation
                                                                                    14           and Amortization
                                                                               14
                                                                      2023                       Perbaikan &
                                                                                                 Pemeliharaan
                                                                                                 Repairs & Maintenance
           2022             2023
                                                               Beban Umum                        Imbalan Kerja
                                                               Administrasi Lain-lain            Jangka Panjang
   Rp miliar                                                   Other General and                 Long-Term
   IDR billion                                                 Administrative Expenses           Employee Benefits



                                                                              21,74%



Laba Usaha [SEOJK 2.f.2.d]
                                                                      1.192
Laba Usaha meningkat Rp212,96 miliar menjadi Rp1,19
                                                                                          979
triliun. Angka ini mencerminkan marjin laba usaha
sebesar 30,87%.

Profit from Operation
Profit from Operation increased by IDR212.96 billion
to IDR1.19 trillion. The figure reflected a profit from                                                    Rp miliar
                                                                                                          IDR billion
operation margin of 30.87%.
                                                                       2022               2023




                 -177,06%

                            88
                                                            Penghasilan (Beban) Lain-lain [SEOJK 2.f.2.d]
                                                            Pada tahun ini, Perusahaan mencatatkan Penghasilan
                                                            Lain-lain sebesar Rp88,43 miliar karena kenaikan
           2022
                                                            pendapatan bunga dan investasi.

                                                            Other Income (Expenses)
                            2023
                                                            This year, the Company recorded Other Income of
          (115)                                Rp miliar    IDR88.43 billion due to an increase in interest and
                                              IDR billion   investment income.




Laporan Tahunan 2023 Annual Report                                                                                       109
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                                                                                                       PT Duta Pertiwi Tbk




      KOMPOSISI PENGHASILAN (BEBAN) LAIN -LAIN
      Composition of Other Income (Expenses)

      Beban Lain-lain   2022                                                       34
             - Bersih
      Other Expenses
                - Net   2023                                                                     156


                        2022      (244)
       Beban Bunga
            Interest
          Expenses
                        2023             (201)

         Pendapatan
          Bunga dan     2022                                                              94
            Investasi
         Interest and
          Investment    2023                                                                   134                Rp miliar
              Income                                                                                             IDR billion




      Beban Bunga [SEOJK 2.f.2.d]                                         Interest Expenses
      Beban Bunga turun Rp42,14 miliar menjadi Rp201,42                   Interest Expenses decreased by IDR42.14 billion
      miliar, sebagian besar karena penurunan beban bunga                 to IDR201.42 billion, mostly due to the decrease in
      atas liabilitas kontrak.                                            interest expenses on contract liabilities.




         JUMLAH BEBAN BUNGA                                               KOMPOSISI BEBAN BUNGA
         Total Interest Expenses                                          Composition of Interest Expenses


                                                Amortisasi Dampak
                                                     Pendiskontoan        2022        4
                        -17,30%                 Liabilitas Keuangan
                                              Amoritization of Effect
                                            of Discounting Financial      2023        3
                                                            Liabilities
                 244
                                  201
                                                        Utang Bank        2022        5
                                                     Jangka Pendek
                                                         Short-Term
                                                          Bank Loan       2023    0

                                                                          2022    0
                                                     Liabilitas Sewa
                                                     Lease Liabilities
                                                                          2023    0
                2022              2023
                                                            Liabilitas    2022                                         234
                                                             Kontrak
                                                             Contract
         Rp miliar                                          Liabilities   2023                                  198
         IDR billion




110                                                                               Laporan Tahunan 2023 Annual Report
Page 111
                                                           Analisa dan Pembahasan Manajemen
PT Duta Pertiwi Tbk                                        Management Discussion and Analysis




Laba Sebelum Pajak [SEOJK 2.f.2.d]                                Profit Before Tax
Karena adanya Penghasilan Lain-lain, maka Perusahaan              Due to Other Income, the Company recorded a Profit
mencatat Laba Sebelum Pajak sebesar Rp1,29 triliun,               Before Tax of IDR1.29 trillion, rose by 51.76% from
naik 51,76% dibandingkan tahun 2022. Marjin laba                  2022. Profit before tax margin was recorded at 33.33%.
sebelum pajak tercatat 33,33%.

Beban Pajak Kini [SEOJK 2.f.2.d]                                  Current Tax Expense
Beban Pajak Kini yang ditanggung Perusahaan tahun                 Current Tax Expense borne by the Company in 2023
2023 adalah Rp2,23 miliar.                                        was IDR2.23 billion.


Laba Tahun Berjalan [SEOJK 2.f.2.d]                               Net Profit for the Year
Laba Tahun Berjalan adalah Rp1,29 triliun. Laba Tahun             Net Profit for the Year was IDR1.29 trillion. Profit for
Berjalan yang dapat diatribusikan kepada pemilik                  the Year attributable to the owners of the parent
entitas induk adalah Rp1,07 triliun atau naik 42,66%              entity was IDR1.07 trillion or an increase of 42.66%
dibandingkan tahun 2022. Laba per saham dasar                     compared to 2022. Basic earnings per share were
adalah Rp576,44 per saham.                                        IDR576.44 per share.



                                                                                 51,80%

                                                                                         1.285

                                                                                                  1.066
LABA TAHUN BERJALAN                                  847
Net Profit for the Year

                                                                748
   Laba Tahun Berjalan
   Net Profit for the Year

   Pemilik Entitas Induk
   Owners of the Parent Company
                                                                                                              219
   Kepentingan Non Pengendali
   Non-Controlling Interests                                                99


                             Rp miliar IDR billion

                                                               2022                                2023




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                                                                                            PT Duta Pertiwi Tbk




      Penghasilan Komprehensif [SEOJK 2.f.2.d]                Comprehensive Income
      Setelah memperhitungkan rugi komprehensif sebesar       After calculating the comprehensive loss of IDR2.39
      Rp2,39 miliar akibat pengukuran kembali liabilitas      billion due to remeasurement of defined benefit
      imbalan pasti, Penghasilan Komprehensif Perusahaan      liabilities, the Company’s Comprehensive Income
      menjadi Rp1,28 triliun. Dari angka tersebut, sebesar    was IDR1.28 trillion. Out of this, IDR1.06 trillion is
      Rp1,06 triliun dapat diatribusikan kepada pemilik       attributable to owners of the parent company.
      entitas induk.




                                                                            51,24%

                                                                                   1.283
      PENGHASILAN KOMPREHENSIF
      Comprehensive Income                                                                   1.064


                                                     848
                                                             749

         Penghasilan Komprehensif
         Comprehensive Income

         Pemilik Entitas Induk
         Owners of the Parent Company

         Kepentingan Non Pengendali                                                                      219
         Non-Controlling Interests                                     99


                             Rp miliar IDR billion

                                                             2022                             2023




112                                                                   Laporan Tahunan 2023 Annual Report
Page 113
                                                    Analisa dan Pembahasan Manajemen
PT Duta Pertiwi Tbk                                 Management Discussion and Analysis




ANALYSIS OF CASH FLOW
[SEOJK 2.f.2.e]




Pada tahun 2023, terjadi penurunan bersih Kas dan          In 2023, Cash and Cash Equivalent decreased by
Setara Kas sebesar Rp621,81 miliar. Arus kas diperoleh     IDR621.81 billion. Cash flow from operating activities
dari aktivitas operasi pada tahun 2023 adalah Rp178,77     in 2023 was IDR178.77 billion, whereas cash receipt
miliar, yang mana penerimaan kas adalah sebesar            was IDR3.22 trillion.
Rp3,22 triliun.

Arus kas digunakan untuk aktivitas investasi tercatat      Cash flow used for investing activities was IDR88.85
Rp88,85 miliar, yang pada tahun ini terjadi pembayaran     billion, whereas this year there were placement
untuk penempatan investasi dalam saham sebesar             in investment in shares of IDR146.42 billion and
Rp146,42 miliar dan perolehan properti investasi           acquisitions of investment properties of IDR108.15
sebesar Rp108,15 miliar. Sementara, penerimaan             billion. Meanwhile, there was interest received of
bunga sebesar Rp134,42 miliar dan dividen sebesar          IDR134.42 billion and dividends of IDR10.20 billion.
Rp10,20 miliar.

Arus kas digunakan untuk aktivitas pendanaan pada          Cash flow used for financing activities this year was
tahun ini adalah Rp711,74 miliar. Di antara pengeluaran    IDR711.74 billion. Among the payments for financing
untuk aktivitas pendanaan adalah pembayaran                activities is payment in relation to reduction in paid-up
atas penurunan modal saham entitas anak yang               capital of subsidiaries to non-controlling interest worth
menjadi bagian kepentingan nonpengendali sebesar           IDR515.81 billion.
Rp515.81 miliar.

        1.157                                LAPORAN ARUS KAS                                     Rp miliar IDR billion
                                             Cash Flow Statements




                     179
                                                                                                121
                                     16         2023              2022        2023                           2023




        2022         2023           2022                                                        2022
                                                (89)

                                                                                                            (622)
                                                                              (712)


                                                                (1.052)

                                   Kas Bersih Diperoleh
                                                                 Kas Bersih Digunakan
       Kas Bersih Diperoleh       dari (Digunakan untuk)                                       Kenaikan (Penurunan)
                                                                    untuk Aktivitas
       dari Aktivitas Operasi       Aktivitas Investasi                                      Bersih Kas dan Setara Kas
                                                                      Pendanaan
       Net Cash Provided by        Net Cash Provided by                                      Net Increase (Decrease) in
                                                                   Net Cash Used for
        Operating Activities        (Used for) Investing                                     Cash and Cash Equivalents
                                                                  Financing Activities
                                         Activities




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                                                                                                PT Duta Pertiwi Tbk




      SOLVABILITY AND RECEIVABLES COLLECTABILITY
      [SEOJK 2.f.3] [SEOJK 2.f.4]



      Perusahaan memiliki rasio utang terhadap aset pada        The Company has a debt to assets ratio in 2023 of 0%,
      tahun 2023 sebesar 0%, dengan rasio utang bersih          with a net debt to equity ratio at the net cash level. The
      terhadap ekuitas di level net cash. Rasio lancar          Company’s current ratio is at 2.70 times.
      Perusahaan tercatat, 2,70 kali.

      Kami berkeyakinan bahwa kemampuan membayar                We believe that the Company’s ability to pay its debts
      utang Perusahaan masih sangat baik, bahkan masih          is still good, and there is even room for additional
      memiliki ruang untuk tambahan utang.                      debt.

      Kolektabilitas piutang Perusahaan dinilai dari besarnya   Receivables collectability of the Company is assessed
      nilai piutang yang sudah jatuh tempo dan hari rata-       based on the value of receivables that are past due
      rata piutang. Hari rata-rata piutang pada tahun           and days of receivables. Average days of receivables in
      2023 adalah 2,7 hari (2022: 2,6 hari). Kami menilai       2023 is 2.7 days (2022: 2.6 days). We consider that the
      bahwa kolektabilitas piutang cukup baik. Walaupun         receivables collectibles are quite good. However, we
      demikian, kami telah membentuk cadangan piutang           had established an allowance for accounts receivable
      mengingat kondisi yang dihadapi saat ini dapat            considering the current conditions that may affect the
      berpengaruhi kepada kelayakan piutang yang dimiliki       feasibility of the Company’s receivables.
      oleh Perusahaan.




      CAPITAL STRUCTURE
      [SEOJK 2.f.5] [ACGS C.3.1]


      Perusahaan memiliki kebijakan untuk menjaga               The Company has a policy to maintain a balance
      keseimbangan antara modal sendiri (ekuitas)               between equity and debt. Periodically, the Directors
      dan utang. Direksi secara berkala mengevaluasi            evaluates the capital structure development to be able
      perkembangan struktur modal supaya tetap                  to support growth and still in the risk tolerance limit
      menunjang pertumbuhan dan berada di dalam batas           determined by the Directors. Internal cash is prioritized
      toleransi risiko yang telah ditetapkan oleh Direksi.      for new projects, while related units will evaluate each
      Kas internal diprioritaskan untuk proyek-proyek baru,     project to determine the right capital structure.
      sementara unit - unit terkait akan melakukan evaluasi
      terhadap setiap proyek untuk menentukan struktur
      modal yang tepat.

      Pada tahun 2023, Perusahaan mempertahankan                In 2023, the Company maintained larger equity than
      modal sendiri yang lebih besar daripada utang, yang       debt, whereas the Total Equity was 75.74% of the Total
      mana Jumlah Ekuitas adalah 75,74% dari Total Aset.        Assets.




114                                                                     Laporan Tahunan 2023 Annual Report
Page 115
                                               Analisa dan Pembahasan Manajemen
PT Duta Pertiwi Tbk                            Management Discussion and Analysis




MATERIAL COMMITMENTS AND ACTUAL INVESTMENT
FOR CAPITAL GOODS
[SEOJK 2.f.6] [SEOJK 2.f.7]




Pada tahun 2023, Perusahaan tidak memiliki ikatan     In 2023, the Company did not have material
material untuk investasi barang modal.                commitments for capital expenditure.

Perusahaan telah membelanjakan Rp6,88 triliun untuk   The Company spent IDR6.88 trillion for capital
investasi barang modal dengan rincian di bawah ini.   investment with details below.




   JUMLAH INVESTASI BARANG MODAL                      INVESTASI BARANG MODAL 2023
   Total Investment in Capital Goods                  Investment in Capital Goods in 2023

                  -0,81%


                                                                                     2.093
                           6.877
          6.933


                                                             4.557               227


                                                                2023
                                                                                             Tanah yang Belum
                                                                                             Dikembangkan
           2022               2023                                                           Land Under
                                                                                             Development
   Rp miliar                                                 Properti Investasi              Aset Tetap
   IDR billion                                               Investment Properties           Fixed Assets




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                                                                                              PT Duta Pertiwi Tbk




      MATERIAL INFORMATION AND FACTS SUBSEQUENT
      TO THE ACCOUNTANT’S REPORT DATE
      [SEOJK 2.f.8]


      Sampai dengan penerbitan Laporan Keuangan yang           As of the published date of Audited Financial
      Telah Diaudit, tidak ada informasi dan fakta material    Statements, there was no material information or fact
      setelah tanggal laporan akuntan yang perlu dilaporkan.   subsequent to the accountant’s report date that needs
                                                               to be reported.




      BUSINESS PROSPECTS OF THE COMPANY
      [SEOJK 2.f.9]




      Meski tahun 2024 masih dibayangi oleh tekanan-           Even though the year 2024 will still be overshadowed
      tekanan global seperti inflasi dan suku bunga tinggi,    by global pressures such as inflation and high interest
      namun prospek industri properti ke depan masih           rates, the prospect for the property industry is still
      menarik.                                                 attractive.

      Perkembangan infrastruktur dan kemauan kuat              The infrastructure development and the government’s
      pemerintah untuk mendorong stabilitas dan                strong will to encourage stability and economic
      pertumbuhan ekonomi Indonesia akan ditangkap             growth in Indonesia will be captured by investors and
      oleh investor dan direspon secara positif, termasuk      responded positively, including in this sector. On the
      pada sektor ini. Di sisi permintaan, gaya hidup          demand side, increasingly mobile and environmentally
      yang makin mobile serta sadar lingkungan telah           conscious lifestyles have given rise to dynamic, modern,
      meningkatkan hunian yang dinamis, modern, kreatif        creative and environmentally friendly residences.
      dan ramah lingkungan.

      Perusahaan tetap akan fokus kepada pangsa pasar          The Company will continue to focus on well-known
      yang dikenal baik dan tetap melakukan diversifikasi      market shares and continue to conduct planned
      yang terencana, yang telah terbukti memberikan kami      diversification, which has been proven to give us solid
      kinerja yang kokoh selama ini. Bermodalkan strategi      performance so far. Capitalizing on this strategy and
      dan pengalaman tersebut, kami yakin telah memiliki       experience, we are confident that we have a strong
      platform yang kuat untuk menopang kelangsungan           platform to support the continuity of our business in
      bisnis kami di industri properti ini, baik pada tahun    the property industry, both in 2024 and even for many
      2024 dan bahkan sampai bertahun - tahun ke depan.        years to come.




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                                                   Analisa dan Pembahasan Manajemen
PT Duta Pertiwi Tbk                                Management Discussion and Analysis




2023 COMPARISON OF TARGET AND REALIZATION
[SEOJK 2.f.10]




Pada tahun 2023, Perusahaan telah mencatat kinerja        In 2023, the Company recorded marketing sales
prapenjualan senilai Rp1,68 triliun, sedikit di bawah     performance worth of IDR1.68 trillion, slightly below
target yaitu Rp1,71 triliun.                              the target of IDR1.71 trillion.

Perusahaan juga berhasil mencatatkan Pendapatan           The Company achieved Revenues of IDR3.86 trillion,
Usaha sebesar Rp3,86 triliun, 129% dari target awal       surpassing the initial target of IDR2.99 trillion by
tahun yang ditetapkan sebesar Rp2,99 triliun. Sejalan     129%. Correspondingly, the Company’s Net Profit for
dengan itu, Laba Tahun Berjalan Perusahaan menjadi        the Year amounted to IDR1.29 trillion, exceeding the
Rp1,29 triliun atau 142% dari target awal tahun yang      set target of IDR904 billion by 142%.
ditetapkan sebesar Rp904 miliar.

Struktur modal dan kebijakannya tidak berubah, sesuai     The capital structure and its policies remain
target Perusahaan.                                        unchanged, aligning with the Company’s objectives.




2024 PROJECTIONS
[SEOJK 2.f.11]


Berdasarkan kajian dan diskusi terkait prospek usaha      Upon a comprehensive analysis and deliberation
oleh Direksi dan telah mendapatkan persetujuan dari       by the Directors that has been approved by the
BOC untuk tahun 2024, Perusahaan menetapkan               BOC regarding the business prospects for 2024, the
target prapenjualan sebesar Rp2,10 triliun. Residensial   Company has established a marketing sales target of
menjadi kontributor 69% dari target tersebut dan          IDR2.10 trillion. The residential sector is anticipated to
sisanya berasal dari Commercial. Grand Wisata,            account for 69% of the target, with the Commercial
Bekasi dan Kota Wisata, Cibubur masih akan menjadi        sector contributing the remainder. Notably, Grand
kontributor terbesar dari target ini. Perusahaan juga     Wisata, Bekasi and Kota Wisata, Cibubur are projected
telah menetapkan target Pendapatan Usaha dan              to remain the primary contributors to achieving this
Laba Bersih tahun 2024 sebesar Rp3,58 triliun dan         target. The Company has also set Revenues and Net
Rp1,45 triliun.                                           Profit target for 2024 of IDR3.58 trillion and IDR1.45
                                                          trillion, respectively.




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                                                                                              PT Duta Pertiwi Tbk




      PROMOTION AND MARKETING
      [SEOJK 2.f.12]




      Pemasaran produk diawali dengan proses kajian            Product marketing begins with an in-depth study
      mendalam terhadap beberapa variabel utama, antara        process of several main variables, including demand,
      lain permintaan, tren dalam periode tertentu serta       trends in a certain period and internal and external
      faktor- faktor internal maupun eksternal. Berdasarkan    factors. Based on this study, we formulated an effective
      kajian tersebut, kami merumuskan strategi pemasaran      and efficient marketing strategy to target markets that
      yang efektif dan efisien untuk menyasar pasar yang       match the product’s characteristics.
      sesuai dengan karakter produk.

      Setiap proyek memiliki strategi pemasaran yang           Each project has a different marketing strategy
      berbeda karena target pasar yang diincar juga berbeda.   because the target market is different. So, each
      Maka, setiap manajer proyek akan membuat strategi        project manager will create an innovative and efficient
      pemasaran yang inovatif dan efisien dan kemudian akan    marketing strategy and will then be submitted to the
      diajukan ke Direksi untuk mendapatkan persetujuan.       Directors for approval.

      Kami menyediakan kantor pemasaran yang siap 7 hari       We have a marketing office ready 7 days a week in
      seminggu di setiap area proyek. Kini calon pembeli       each project area. Now prospective buyers can also
      juga sudah dapat melihat e-catalog dan melakukan         view the e-catalog and do a 360 virtual tour before
      360 virtual tour terlebih dahulu sebelum melakukan       making a physical visit to the model house. Consumers
      kunjungan fisik ke rumah contoh. Para konsumen           can also see mockups of the projects being developed
      dapat juga melihat maket proyek yang dikembangkan        accompanied by marketing personnel at the project
      ditemani oleh tenaga pemasaran di lokasi proyek.         location.

      Tahun ini, kami bersama dengan induk usaha,              This year, we present The Future of Living Expo, a
      menghadirkan The Future of Living Expo, sebuah           new property shopping experience. This collaboration
      pengalaman baru berbelanja properti. Acara kolaborasi    event with Tokopedia will be held on November 20th -
      dengan Tokopedia ini diselenggarakan pada 20 - 26        26th, 2023 at the BSD City Marketing Office.
      November 2023 di BSD City Marketing Office.

      Kami juga menggelar acara bertajuk Unlocking             We also held an event entitled Unlocking Foreign
      Foreign Property Investment yang berhasil merangkul      Property Investment which succeeded in attracting
      lebih dari 200 agen properti terkemuka di Jakarta.       more than two hundred leading property agents in
      Bekerjasama dengan Real Estat Indonesia (REI), tujuan    Jakarta. In collaboration with Real Estate Indonesia
      acara ini adalah untuk membuka peluang probabilitas      (REI), the aim of this event is to open opportunities
      pembeli asing untuk semakin banyak berinvestasi di       for foreign buyers to invest more in Indonesia while
      Indonesia sekaligus memperkenalkan produk dua            introducing two premium apartment products,
      apartemen premium, Apartment Southgate dan               Southgate Apartment and Aerium Apartment.
      Apartment Aerium.

      Seperti tahun-tahun sebelumnya, kami juga                Like previous years, we also launched a national sales
      meluncurkan program penjualan nasional bertajuk          program entitled Smart Move which started on January
      Smart Move yang dimulai tanggal 17 Januari dan           17th and is valid throughout the year. In this latest
      berlaku sepanjang tahun. Dalam program terbaru ini,      program, we have developed a new formulation that
      kami menyusun formulasi baru yang belum pernah           has never been applied in previous programs, namely
      diterapkan pada program-program sebelumnya yakni         providing banking interest rate subsidies for up to 3
      pemberian subsidi suku bunga perbankan sampai            years when purchasing the Company’s products.
      dengan 3 tahun jika membeli produk Perusahaan.




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                                                      Analisa dan Pembahasan Manajemen
PT Duta Pertiwi Tbk                                   Management Discussion and Analysis




Didukung oleh perkembangan digital yang makin                 Supported by increasingly better digital developments,
baik, Perusahaan terus meningkatkan eksistensinya             the Company continues to increase its presence in
di media digital maupun media sosial. Setiap proyek           digital media and social media. Each of our projects
kami juga memiliki akun Instagram masing-masing               has its own Instagram account for more updates.
agar lebih update.

Promosi-promosi melalui media-media tradisional               Promotions through traditional media such as
seperti billboard, iklan di bioskop dan televisi pun tetap    billboards, advertisements in cinemas and television
dilakukan. Dengan penerapan strategi pemasaran                are still conducted. By implementing an all-channel
di semua channel, Perusahaan yakin akan mampu                 marketing strategy, the Company believes it will be
menjaga pertumbuhan kinerja secara berkelanjutan.             able to maintain performance growth sustainably.




DIVIDENDS
[SEOJK 2.f.13] [ACGS D.2.4]




Perusahaan memiliki kebijakan dividen untuk                   The Company adheres to a dividend policy that
membayar dividen setidaknya satu tahun sekali,                stipulates the distribution of dividends at least
maksimum sebesar 30% dari jumlah Laba Bersih                  annually, capped at 30% of the Company’s Net Profit,
Perusahaan, dengan tidak mengabaikan tingkat                  while considering the Company’s financial capacity.
kemampuan Perusahaan. Sejak penawaran umum                    It is noteworthy that the Company has maintained
saham perdana sampai sekarang, Perusahaan belum               this dividend policy unchanged since its initial public
pernah merubah kebijakan dividen.                             offering.

RUPST tahun 2023 memutuskan bahwa sisa Laba                   The 2023 AGMS has determined that the remaining
Bersih tahun buku 2022*, setelah disisihkan dari dana         Net Profit from the fiscal year 2022, post allocation
cadangan, dibukukan sebagai laba ditahan untuk                to the reserve fund, shall be designated as retained
keperluan modal kerja.                                        earnings to facilitate working capital requirements.


                                                                                Rasio                Tanggal
Laba
                                   Total Dividen          Dividen             Pembagian            Pembayaran
Tahun
             Tanggal RUPST           (Rp miliar)      per Saham (Rp)           Dividen               Dividen
Buku
             Date of AGMS          Total Dividend        Dividend              Dividend             Dividend
Profit for
                                    (IDR billion)     per Share (IDR)           Payout               Payment
Year
                                                                                 Ratio                 Date


2022         27 Juni 2023 (June)         *                    *                   *                     *

                                                                                                30 Juni 2022 (June)
2021         14 Juni 2022 (June)        703                  380                 9,1%              [ACGS A.1.1]




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      UTILIZATION OF PUBLIC OFFERING PROCEEDS
      [SEOJK 2.f.14]




      Pada tahun ini, Perusahaan tidak memiliki kewajiban    The Company is not obligated to report its public
      untuk melaporkan dana hasil penawaran umum.            offering proceeds this year.




      MATERIAL INFORMATION
      [SEOJK 2.f.15]




      Perusahaan tidak melakukan investasi, ekspansi,        The Company did not engage in any investment,
      divestasi, penggabungan/peleburan usaha, akuisisi,     expansion,        divestment,    business     merger/
      restrukturisasi utang/modal, transaksi material dan    consolidation, acquisition, debt/equity restructuring,
      transaksi benturan kepentingan lainnya.                material transaction or other transactions that posed
                                                             a conflict of interest.

      Transaksi Afiliasi                                     Affiliated Transactions
      Perusahaan dalam melaksanakan transaksi afiliasi       In doing the affiliated transactions, the Company
      mengacu kepada POJK No.42/POJK.02/2020                 refers to POJK No.42/POJK.02/2020 pertaining
      tentang Transaksi Afiliasi dan Transaksi Benturan      to Affiliated Transactions and Transactions with
      Kepentingan (“POJK No.42”). [ACGS A.9.2]               Conflicts of Interest (“POJK No.42”).

      Selama tahun 2023, Perusahaan melakukan berbagai       During 2023, the Company engaged in several
      transaksi afiliasi yang secara langsung maupun tidak   affiliated transactions directly and indirectly linked
      langsung terkait dengan kegiatan usaha utama, di       to its core business activities, including:
      antaranya:
      • Penempatan Kas dan Setara Kas;                       • Placement of Cash and Cash Equivalent;
      • Sewa menyewa; dan                                    • Leases; and
      • Penyediaan jasa asuransi terhadap kerusakan          • Provision of insurance services for damage to the
         pada aset Perusahaan.                                 Company assets.

      Sebagai bagian dari pengendalian internal dan          As an integral aspect of our internal control
      praktik GCG serta melindungi kepentingan               and GCG protocols, aimed at safeguarding
      pemegang saham minoritas, setiap transaksi             the interests of our minority shareholders, any
      afiliasi, terutama yang merupakan bagian dari          affiliated   transactions — particularly  those




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PT Duta Pertiwi Tbk                               Management Discussion and Analysis




kegiatan usaha, yang dilakukan untuk menghasilkan        integrated to revenue-generating business
pendapatan dan dilakukan secara rutin, berulang          operations that occur routines, recurring and/
dan/atau berkelanjutan, didasarkan pada kriteria         or persistently — are governed by the following
dasar berikut: [ACGS A.9.1]                              fundamental criteria:
• Transaksi      tersebut   dikaji   perlu  sebagai      • Such transactions are essential for conducting
   pelaksanaan kegiatan usaha utama Perusahaan;             the core business activities of the Company;
• Syarat dan kondisi transaksi berdasarkan asas          • The terms and conditions are established upon
   komersial dan arm’s-length, nilai pasar wajar dan        commercial principles and on an arm’s-length
   tidak lebih buruk dari syarat dan kondisi untuk          basis, ensuring fair market value and aligning with
   transaksi serupa yang terdapat di pasar pada             prevailing standards for comparable transactions
   saat terjadinya transaksi, sesuai dengan manfaat         in the market at the time of execution. They are
   yang diterima Perusahaan baik secara langsung            structured to be commensurate with the benefits
   maupun tidak langsung; dan                               accruing to the Company, both directly and
                                                            indirectly; and
• Transaksi tidak bertentangan dengan peraturan          • The transactions are in compliance with the
  perundang-undangan di Republik Indonesia.                 current laws and regulations in the Republic of
                                                            Indonesia.

Direksi menyatakan bahwa di awal setiap transaksi        The Directors confirm that in the beginning of all
afiliasi yang merupakan kegiatan usaha yang              affiliated transactions, particularly those generating
dijalankan dalam rangka menghasilkan pendapatan          revenue that occur routines, recurring and/or
usaha dan dijalankan secara rutin, berulang dan          persistently, have been conducted following proper
berkelanjutan, telah dilaksanakan berdasarkan            procedures to ensure compliance with common
prosedur yang memadai dalam memastikan bahwa             business practices and the arm’s-length principle.
transaksi dilaksanakan sesuai dengan praktik bisnis      These transactions have been disclosed to the BOC
yang berlaku umum dan memenuhi prinsip transaksi         through the Audit Committee and will be presented
yang wajar (arm’s-length principle). [ACGS A.9.1]        to the shareholders in the upcoming GMS or in
Transaksi ini telah dilaporkan kepada BOC melalui        shareholder reports, including this Annual Report.
Komite Audit [SEOJK 2.f.15.f (1) (2)] [ACGS A.8.1] dan
akan dilaporkan kepada pemegang saham dalam
RUPS mendatang atau laporan-laporan kepada para
pemegang saham, termasuk Laporan Tahunan ini.
[ACGS D.4.1]


Penyajian Sifat dan Hubungan Transaksi Afiliasi          The presentation of the Nature and Relationship of
dalam rangka menghasilkan pendapatan usaha dan           the Affiliated Transactions that generate revenue
dijalankan secara rutin, berulang dan berkelanjutan,     that occur routine, recurring and/or persistently,
telah tertuang pada Laporan Keuangan Konsolidasian       can be found in the Company’s Consolidated
Perusahaan tahun buku pada No.43 tentang Sifat           Financial Statements for the financial year on No.43
dan Transaksi Hubungan Berelasi. [ACGS D.4.2]            concerning the Nature and Transactions of the
                                                         Related Parties.

Dalam Piagam Direksi/BOC diatur bahwa setiap             The Charter for the Directors/BOC stipulates
anggota Direksi/BOC yang secara pribadi dengan           that any member of the Directors/BOC, who has,
cara apapun baik secara langsung maupun secara           either directly or indirectly, conflict of interest in a
tidak langsung mempunyai benturan kepentingan            transaction, contract or proposed contract, shall
dalam suatu transaksi, kontrak atau kontrak yang         declare the nature of the interest in the Meeting
diusulkan dalam mana Perusahaan menjadi salah            and shall not have the right to participate in voting
satu pihaknya, maka anggota Direksi/BOC tersebut         concerning matters related to the transaction or
harus menyatakan benturan kepentingan yang               contract, unless declared otherwise by the Meeting.
dimiliki dalam Rapat dan tidak berhak untuk ikut
dalam pengambilan suara mengenai hal-hal yang
berhubungan dengan transaksi atau kontrak
tersebut, kecuali Rapat menentukan lain. [ACGS A.8.2]




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                                                                                            PT Duta Pertiwi Tbk




      Perusahaan tidak memilliki kebijakan memberikan         The Company does not have any policy to provide
      pinjaman kepada Direksi dan BOC. [ACGS A.8.3]           loans to the Directors and BOC.

      Seluruh transaksi afiliasi sepanjang tahun 2023 telah   All affiliated transactions associated with the
      sesuai dengan kriteria dasar dan telah memenuhi         year 2023 were carried out in adherence to the
      POJK No.42.                                             fundamental criteria mentioned above and in
                                                              alignment with POJK No.42.




      CHANGES IN LEGISLATIONS
      [SEOJK 2.f.16]




      Menjelang akhir tahun 2023, Pemerintah kembali          Near the end of 2023, the Government reissued
      menerbitkan Peraturan Menteri Keuangan (PMK)            the Regulation of the Ministry of Finance (PMK)
      Nomor 120/ 2023 tentang Pajak Pertambahan Nilai         No.120 / 2023 concerning the Value-Added Tax on
      atas Rumah Tapak dan Satuan Rumah Susun yang            Landed Houses and Flats Borne by the Government
      Ditanggung Pemerintah (PPNDTP) Tahun Anggaran           (PPNDTP) for Fiscal Year 2023. This policy is expected
      2023. Penerbitan peraturan ini memberikan dampak        to have a favorable influence on home purchasing
      positif kepada keputusan pembelian rumah khususnya      decisions, particularly for properties priced below
      dengan harga jual di bawah Rp5 miliar.                  IDR5 billion.




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                                               Analisa dan Pembahasan Manajemen
PT Duta Pertiwi Tbk                            Management Discussion and Analysis




CHANGES IN ACCOUNTING AND FINANCIAL
REPORTING POLICIES
[SEOJK 2.f.17]




Pada tahun 2023, terdapat perubahan standar           In 2023, new financial accounting standards which
akuntansi keuangan yang relevan bagi Perusahaan       relevant to the Company and effective as of January
dan efektif berlaku sejak 1 Januari 2023. Namun,      1st, 2023. However, these modifications did not have a
perubahan ini tidak berdampak secara material         significant impact on the Company’s financial report.
terhadap Laporan Keuangan Perusahaan. Adapun          The modifications include PSAK No.1, PSAK No.16,
perubahan terjadi pada PSAK No.1, PSAK No.16,         PSAK No.25, PSAK No.46 and PSAK No.107. Readers
PSAK No.25, PSAK No.46 dan PSAK No.107.               can read for the details in the Company’s Audited
Pembaca dapat melihat detil perubahan tersebut        Consolidated Financial Statements No.51 regarding
pada Laporan Keuangan Konsolidasian Perusahaan        New Financial Accounting Standards.
yang Telah Diaudit No.51 tentang Standar Akuntansi
Keuangan Baru.




Laporan Tahunan 2023 Annual Report                                                                             123
Page 124
                         Artist Impression Water Terrace
                         Grand Wisata – Bekasi




2023   Laporan Tahunan
       Annual Report
Page 125
            PT Duta Pertiwi Tbk




CORPORATE GOVERNANCE



                           125
Page 126
                                                                                              PT Duta Pertiwi Tbk




      FOUNDATION AND PRINCIPLES
      OF CORPORATE GOVERNANCE



      Kami menyadari bahwa setiap tindakan kami              We acknowledge that each action we take as a
      sebagai perusahaan properti yang terkemuka             leading property company has a substantial impact
      memiliki dampak signifikan bagi para pemegang          on our shareholders and stakeholders. Moreover,
      saham dan pemangku kepentingan kami. Terlebih          being a publicly listed company registered with BEI
      lagi karena kami pun adalah perusahaan publik          with significant market capitalization, particularly
      yang terdaftar di BEI dengan kapitalisasi pasar        within the property sector, we must prioritize the
      yang signifikan khususnya di bidang properti, kami     fair and equitable treatment of all shareholders and
      harus memastikan setiap pemegang saham dan             stakeholders.
      pemangku kepentingan mendapatkan perlakuan
      yang adil dan benar.

      Agar setiap tindakan kami menghasilkan dampak          To ensure that each decision yields a positive impact,
      yang positif, Direksi diberikan tanggung jawab yang    the Directors have been entrusted with a significant
      besar untuk menekankan kedisiplinan di dalam           responsibility of prioritizing discipline in upholding
      penerapan tata kelola perusahaan yang baik (GCG)       good corporate governance (GCG) in alignment with
      menurut peraturan yang berlaku di Indonesia,           the prevailing regulations in Indonesia, encompassing
      termasuk perkembangan peraturan di pasar               the evolving regulatory landscape of the capital
      modal. Secara berkala, kami mengevaluasi dan           market. Regular assessments and enhancements are
      mengembangkan penerapan GCG agar senantiasa            conducted to maintain GCG practices in accordance
      sejalan dengan praktik terbaik di dalam industri dan   with industry and national standards, as well as regional
      negara, bahkan secara regional.                        benchmarks.

      Penerapan GCG ini dituangkan di dalam Kode Etik        The implementation of the GCG was detailed in the
      Perusahaan, panduan-panduan, piagam-piagam,            Company’s Code of Conduct, guidelines, charters,
      pernyataan independensi, serta dokumen-dokumen         statements of independence and other relevant
      kerjasama lainnya yang harus ditandatangani oleh       cooperation documents that necessitate signatures
      pihak-pihak yang terlibat. Semua panduan ini           from involved parties. It was ensured that these
      dipastikan dapat diakses dengan mudah oleh insan       guidelines are readily accessible to Company’s
      Perusahaan, sehingga mereka memahami posisi            personnel to facilitate a clear understanding of their
      mereka di dalam Perusahaan.                            roles within the organization.

      Kami memandang penting penerapan GCG                   It is crucial to prioritize the consistent implementation
      secara konsisten agar hal ini melekat dan menjadi      of GCG to foster a cohesive organizational culture that
      budaya kerja Perusahaan dan budaya setiap              permeates throughout the Company and resonates
      insan Perusahaan. Hanya dengan itu kami mampu          with every individual within it. This approach is essential
      membangun daya tahan dan berkontribusi kepada          for cultivating resilience and making meaningful
      masyarakat yang berkelanjutan.                         contributions to a sustainable society.




126                                                                   Laporan Tahunan 2023 Annual Report
Page 127
                                                                      Tata Kelola Perusahaan
PT Duta Pertiwi Tbk                                                   Corporate Governance




CORPORATE GOVERNANCE STRUCTURE


Struktur GCG Perusahaan disesuaikan dengan            The structure of the Company’s GCG is aligned to
UUPT, yang mana pemegang wewenang tertinggi           UUPT, where the highest authority is the GMS. The
adalah RUPS. RUPS dapat memberikan wewenang           GMS holds the power to delegate authority to the
kepada BOC maupun Direksi untuk memperlancar          BOC and the Directors to facilitate the Company’s
pengelolaan Perusahaan.                               management.

BOC bertanggungjawab kepada RUPS untuk                The BOC holds accountability to the GMS for
melakukan     pengawasan     terhadap    kinerja      overseeing the Company’s managerial activities
pengelolaan Perusahaan yang dilakukan oleh            executed by the Directors. To aid in this oversight, the
Direksi. Dalam hal ini, BOC dibantu oleh Komite       BOC receives support from the Audit Committee and
Audit dan Komite Nominasi dan Remunerasi (NRC).       the Nomination and Remuneration Committee (NRC).

Direksi   bertanggungjawab       untuk    mengelola   The Directors is entrusted with overseeing the
Perusahaan dengan berpedoman pada GCG. Dalam          Company in accordance with the principles of GCG.
pelaksanaannya, Direksi didukung oleh Sekretaris      To facilitate this, the Directors receive support from
Perusahaan, Unit Audit Internal dan Unit Manajemen    the Corporate Secretary, the Internal Audit Unit and
Risiko dan Berkelanjutan.                             the Risk Management and Sustainability Unit.

Masing-masing fungsi ini akan dibahas secara rinci    Each of these functions will be elaborated in the
pada bagian berikutnya.                               subsequent section.




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                                                                                              PT Duta Pertiwi Tbk




      GENERAL MEETING OF SHAREHOLDERS (GMS)



      RUPS adalah pengambil keputusan tertinggi dalam           The GMS functions as the highest decision-making
      Perusahaan, sesuai dengan AD Perusahaan. RUPS             body within the Company, aligning with the AoA.
      dapat mengambil keputusan yang sah dan mengikat           The GMS holds the authority to enact legally binding
      bila kuorum kehadiran terpenuhi, yaitu 1/2 (satu          resolutions, provided that the attendance quorum is
      perdua) bagi RUPST dan 2/3 (dua pertiga) bagi             met, which constitutes half of the total shares with
      RUPSLB dari jumlah saham yang memiliki hak suara.         voting rights for an AGMS and two-thirds for an EGMS.

      Pada tahun 2023, Perusahaan menyelenggarakan 1            In 2023, the Company convened one AGMS for the
      (satu) kali RUPST untuk tahun buku 2022 dan tidak         fiscal year 2022 and did not conduct any EGMS.
      menyelenggarakan RUPSLB.


      Tata Tertib RUPS                                          Rules of the GMS
      Berikut adalah tata tertib RUPS yang telah                The following are the rules of the GMS that were
      diinfomasikan bersama dengan Pemanggilan RUPS:            distributed along with the GMS Notice:
      1. Rapat akan diselenggarakan dalam Bahasa                1. The Meeting will be carried out in Indonesian. The
          Indonesia. Bagi Pemegang Saham yang tidak                 Shareholders that cannot converse in Bahasa, they
          dapat berbahasa Indonesia, dapat menyampaikan             can submit questions and opinions in English.
          pertanyaan dan pendapatnya dalam bahasa Inggris.
      2. Rapat akan dipimpin oleh salah seorang anggota         2. The Meeting will be chaired by one of the member
          Dewan Komisaris.                                         of the Board of Commissioners.
      3. Bagi pemegang saham yang tidak hadir secara fisik      3. The Shareholders who are unable to attend the
          dapat mengikuti jalannya kegiatan Rapat melalui          Meeting in person can view the proceedings via live
          live streaming pada situs web KSEI akses.ksei.co.id      streaming on the KSEI website at akses.ksei.co.id.
      4. Untuk Rapat ini berlaku ketentuan kuorum               4. The Meeting is in accordance with the quorum
          sebagaimana diatur dalam AD, UUPT dan/atau               provisions in the AoA, UUPT and/or POJK No.15/
          POJK No.15/POJK.04/2020 (“POJK No.15”) yaitu             POJK.04/2020 (“POJK No.15”), namely “The
          “Rapat dapat dilangsungkan jika dalam Rapat              Meeting can be carried out provided that the
          lebih dari ½ (satu per dua) bagian dari jumlah           attendance quorum is met, which constitutes half
          seluruh saham dengan hak suara yang sah hadir            of the total shares with voting rights.”
          atau diwakili dalam Rapat.”
      5. Semua acara Rapat dibahas dan dibicarakan secara       5. Meeting agendas are consistently presented and
          berkesinambungan.                                        discussed.
      6. Setelah selesai membicarakan setiap acara Rapat,       6. Following discussing each meeting agenda,
          Ketua Rapat/Pimpinan Rapat akan memberikan               the Chairperson of the Meeting will provide an
          kesempatan kepada Para Pemegang Saham                    opportunity for the Shareholders of the Company
          Perusahaan atau kuasanya untuk mengajukan                or their proxies to submit questions, opinions,
          pertanyaan, pendapat, usul dan/atau saran                proposals and/or suggestions before proceeding
          sebelum diadakan pemungutan suara mengenai               with the voting process, following a specific
          agenda Rapat yang dibicarakan dengan prosedur            procedure:
          sebagai berikut:
          a. Hanya Para Pemegang Saham yang namanya                a. Only Shareholders whose names are registered
              terdaftar dalam Daftar Pemegang Saham per               in the DPS as of May 31st, 2023 at 16.15 WIB




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PT Duta Pertiwi Tbk                                                   Corporate Governance




      tanggal 31 Mei 2023 pada pukul 16.15 WIB atau          or their proxies as proven by a valid power of
      kuasanya yang dibuktikan dengan surat kuasa            attorney, who are entitled to submit questions,
      yang sah, yang berhak mengajukan pertanyaan,           opinions, proposals and/or suggestions in this
      pendapat, usul dan/atau saran dalam Rapat ini;         Meeting;
   b. Para pemegang saham atau kuasanya yang              b. Shareholders or their proxies who wish to
      ingin mengajukan pertanyaan, pendapat, usul            submit questions, opinions, proposals and/or
      dan/atau saran diminta mengangkat tangan               suggestions are asked to raise their hands so
      agar petugas dapat memberikan Formulir                 that the officer can hand in the Inquiry form.
      Pertanyaan. Lembar Pertanyaan akan diambil             The inquiry form will be taken by the officer and
      petugas dan diserahkan kepada Ketua Rapat/             submitted to the Chairperson of the Meeting;
      Pimpinan Rapat; [ACGS A.2.5] dan                       and
   c. Ketua Rapat/Pimpinan Rapat akan memberikan          c. The Chairperson of the Meeting will provide
      jawaban atau tanggapan satu persatu atau               each answer or response or the Chairperson
      Ketua Rapat/Pimpinan Rapat dapat meminta               of the Meeting may request the assistance of
      bantuan anggota Direksi dan anggota Dewan              members of the Directors and members of the
      Komisaris atau menunjuk pihak lain untuk               BOC or appoint other parties to answer the
      menjawab pertanyaan yang diajukan tersebut             questions verbally.
      secara lisan.
7. Keputusan agenda Rapat dilakukan setelah seluruh    7. All decisions pertaining to the GMS agenda will
   pertanyaan selesai dijawab dan/atau sesi tanya         be deliberated following the resolution of any
   jawab telah berakhir.                                  outstanding queries and the conclusion of the
                                                          discussion session.
8. Semua keputusan diambil berdasarkan musyarawah      8. All decisions were made following thorough
   untuk mufakat. Dalam hal keputusan berdasarkan         deliberation to reach a consensus. If consensus
   musyawarah untuk mufakat tidak tercapai makan          cannot be reached through deliberation, the
   keputusan Rapat diambil dengan pemungutan              Meeting’s resolutions will be determined through
   suara dengan prosedur [ACGS A.2.4] [ACGS A.2.10]       a voting process as outlined below:
   sebagai berikut:
   a. Hanya para pemegang saham yang namanya              a. Only shareholders whose names are registered
      tercatat dalam DPS per tanggal 31 Mei 2023             in the DPS as of May 31st, 2023 or their proxies
      atau kuasanya yang dibuktikan dengan surat             as proven by a valid power of attorney, are
      kuasa yang sah, yang berhak memberikan suara           entitled to vote in this Meeting; and
      dalam Rapat ini; dan
   b. Pemungutan suara dilakukan dengan cara              b. Voting is conducted by raising hands in the
      mengangkat tangan, sebagai berikut:                    manner described below:
      Pertama: mereka yang memberikan suara                  First: those who voted blank were asked to
      blanko diminta untuk mengangkat tangan.                raise their hands.
      Kedua: mereka yang memberikan suara tidak              Second: those who voted against were asked
      setuju diminta untuk mengangkat tangan.                to raise their hands.
      Ketiga: mereka yang tidak mengangkat tangan            Third: those who did not raise their hands are
      berarti menyetujui usul yang diajukan.                 considered to agree with the proposal that was
      Suara yang dikeluarkan oleh pemegang saham             put forward.
      secara langsung dalam Rapat untuk setiap               Votes cast by Shareholders directly at the
      agenda akan diperhitungkan bersama dengan              Meeting for each Agenda will be consolidated
      suara yang dikeluarkan oleh pemegang saham             with votes casts by shareholders through
      melalui e-voting dengan menggunakan sistem             e-voting utilizing the eASY.KSEI system.
      eASY.KSEI.
9. Setiap 1 (satu) saham memberikan hak kepada         9. Each 1 (one) share entitles the holder to cast 1
   pemegangnya untuk mengeluarkan 1 (satu) suara.         (one) vote. If a shareholder has more than 1 (one)
   [ACGS Apx B.1.1] Apabila seorang pemegang saham        share, then he/she is required to vote 1 (one) time
   memiliki lebih dari 1 (satu) saham maka ia hanya       and the vote will represent all the shares owned or
   diminta untuk memberikan suara 1 (satu) kali           represented.
   dan suaranya itu mewakili seluruh saham yang
   dimilikinya atau diwakilinya.




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                                                                                                PT Duta Pertiwi Tbk




      Keterbukaan Informasi                                       Information Disclosure
      Keterbukaan informasi terkait RUPST yang diadakan           Information disclosure related to AGMS held in 2023
      pada tahun 2023 adalah sebagai berikut:                     is as follows:
      1. Pemberitahuan     mengenai     Penyelenggaraan           1. Announcement of the holding of the AGMS to
         RUPST, kepada OJK dan BEI melalui surat No. 030/             OJK and BEI by letter No.030/IR-CS/DP/V/2023
         IR-CS/DP/V/2023 dan telah dipublikasikan masing-             has been published on the Company’s website and
         masing pada situs Perusahaan serta BEI pada                  BEI’s website on May 11th, 2023.
         tanggal 11 Mei 2023.

      2. Penyampaian       Iklan    Pengumuman       RUPST        2. Submission of Advertisement by letter No.033/IR-
         melalui   surat      No.033/IR-CS/DP/V/2023   dan           CS/DP/V/2023 of the AGMS announcement, that
         telah dipublikasikan masing-masing pada situs               has been published respectively on the websites of
         Perusahaan, BEI, SPEOJK dan KSEI tanggal 19 Mei             the Company, the BEI, SPEOJK and KSEI on May
         2023.                                                       19th, 2023.
         Melalui pemberitahuan ini, para pemegang saham              In the announcement, the shareholders were
         diundang untuk memberikan usulan mata acara                 invited to suggest an agenda in the AGMS provided
         RUPST sepanjang pemberian usulan tersebut sesuai            that the suggestions are made in accordance with
         dengan ketentuan persyaratan pasal 23 ayat 1 dan            article 23 number 1 and 2 of the Company’s AoA
         2 AD Perusahaan dan pasal 16 ayat 1 dan 2 POJK              and article 16 number 1 and 2 of POJK No.15.
         No.15. [ACGS A.2.15]

      3. Penyampaian Bukti Iklan Pengumuman RUPST yang            3. Submission of proof of advertisement of the
         telah dipublikasikan di situs BEI dan SPEOJK melalui        Announcement of the AGMS, that has been
         surat No.034/IR-CS/DP/V/2023 pada tanggal 22                published respectively on the BEI website and KSEI
         Mei 2023.                                                   website, by letter No.034/IR-CS/DP/V/2023 on May
                                                                     22nd, 2023.

      4. Panggilan RUPST melalui surat No.038/IR-CS/DP/           4. The Notice of the AGMS through Letter No.038/IR-
         VI/2023 dan telah dipublikasikan masing-masing              CS/DP/VI/2023 has been published in the websites
         di situs Perusahaan, situs BEI, situs SPEOJK                of the Company, the BEI, SPEOJK and KSEI, on
         serta situs KSEI pada tanggal 5 Juni 2023 dalam             June 5th, 2023, in Indonesian and English. The
         bahasa Indonesia dan Inggris. Panggilan ini telah           Notice includes the agenda and its explanation,
         melampirkan agenda dan penjelasannya, formulir              power of attorney template and rules of the GMS.
         surat kuasa dan tata tertib RUPS.
         [ACGS A.2.1] [ACGS A.2.4] [ACGS A.2.13] [ACGS A.2.14]
         [ACGS A.6.1] [ACGS A.6.2] [ACGS A.6.5] [ACGS (B)B.1.1]


      5. Penyampaian Bukti Iklan Panggilan RUPST yang             5. Submission of proof of advertisement of the Notice
         telah dipublikasikan masing-masing di situs BEI dan         to the AGMS, that has been published respectively
         SPEOJK pada tanggal 6 Juni 2023.                            on the BEI website and SPEOJK website, on June
                                                                     6th, 2023.

      6. Pelaksanaan RUPST pada hari Selasa, 27 Juni 2023.        6. The implementation of the AGMS on Tuesday,
                                                                     June 27th, 2023.

      7. Penyampaian Ringkasan Risalah RUPST melalui surat        7. Submission of Summary of AGMS Minutes to OJK
         No.045/IR-CS/DP/VI/2023 dan telah dipublikasikan            and BEI through letter No.045/IR-CS/DP/VI/2023
         masing-masing di situs Perusahaan serta situs BEI,          and has been published in the Company’s website
         SPEOJK dan KSEI pada tanggal 29 Juni 2023.                  as well as BEI’s website, SPEOJK’s and KSEI website
                                                                     on June 29th, 2023.

      8. Penyampaian Bukti Iklan Risalah RUPST melalui surat      8. Submission of Proof of Advertisement of the
         No.046/IR-CS/DP/VI/2023 yang telah dipublikasikan           Summary of the AGMS, through letter No.046/
         masing-masing di situs BEI dan SPEOJK pada                  IR-CS/DP/VI/2023 that has been published
         tanggal 29 Juni 2023.                                       respectively on the BEI and SPEOJK website, on
                                                                     June 29th , 2023.



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PT Duta Pertiwi Tbk                                                        Corporate Governance




9. Penyampaian Berita Acara RUPST melalui surat            9. Submission of AGMS Minutes through letter
   No.052/IR-CS/DP/VII/2023 yang telah dipublikasikan         No.052/IR-CS/DP/VII/2023 which have been
   masing-masing di situs Perusahaan, BEI dan SPEOJK          published respectively on the websites of the
   pada tanggal 27 Juli 2023.                                 Company, BEI and SPEOJK on July 27th, 2023.


RUPS Tahunan 2023                                          Annual GMS in 2023
RUPST terselenggara secara kuorum pada hari Selasa,        The AGMS was conducted with a quorum present
27 Juni 2023 di Indonesia Convention Exhibition,           on Tuesday, June 27th, 2023 at Indonesia Convention
Convention Center, Lantai 1, Ruang Garuda 5AB,             Exhibition, Convention Center, 1st Floor, Garuda Room
Jl. BSD Grand Boulevard Raya No.1, BSD City,               5AB, Jl. BSD Grand Boulevard Raya No.1, BSD City,
Tangerang, 15345.                                          Tangerang, 15345.

Pemegang saham dan kuasa pemegang saham yang               Shareholders and their proxies in attendance
hadir telah mewakili 1.832.849.599 saham (99,07%) dari     collectively represented 1,832,849,599 shares (99.07%)
seluruh saham ditempatkan dan disetor penuh, yaitu         of the total issued and paid-up shares, amounting
1.850.000.000 saham. Dengan demikian, berdasarkan          to 1,850,000,000 shares. Consequently, as stipulated
AD Perusahaan, RUPST adalah sah serta dapat                in the AoA of the Company, the AGMS was deemed
mengambil keputusan yang mengikat.                         valid and binding.

RUPST dipimpin oleh Susiyati Bambang Hirawan,              The AGMS was presided over by Susiyati Bambang
Komisaris Independen, sesuai penunjukkan oleh              Hirawan, an Independent Commissioner, as appointed
BOC, dengan terlebih dahulu membacakan tata                by the BOC. At the onset of the AGMS, the rules of
tertib RUPS pada saat RUPST berlangsung yang               conduct were read out by her and were subsequently
menjadi bagian dalam Berita Acara RUPST. Setiap            included in the AGMS Minutes. Each agenda item was
mata acara dijelaskan dan dibahas oleh salah seorang       explained and discussed by one of the commissioners
komisaris atau direktur yang hadir. Setelah penjelasan,    or directors present. Subsequently, shareholders and
pemegang saham dan kuasanya diberikan waktu                their proxies were afforded the opportunity to seek
untuk mengajukan pertanyaan dan pendapat sebelum           clarifications and share their perspectives before
memberikan suaranya melalui mekanisme yang telah           proceeding to vote using the procedures outlined in
dijelaskan pada tata tertib RUPS.                          the GMS rules and regulations.
[ACGS A.2.4] [ACGS A.2.5]


Perusahaan menunjuk Notaris Syarifudin S.H., Notaris       The Company has designated Notary Syarifudin S.H.,
di Kota Tangerang dan dibantu oleh BAE (PT Sinartama       serving as a notary in Tangerang city and assisted by the
Gunita) sebagai pihak independen yang melakukan            BAE (PT Sinartama Gunita), will act as an independent
perhitungan dan/atau melakukan validasi atas suara         party responsible for tallying and verifying the votes
untuk setiap agenda RUPST. [SEOJK 2.g.1.b] [ACGS A.2.11]   for each item on the AGMS agenda.




Kehadiran BOC dan Direksi [ACGS A.2.7]                     Attendance of BOC and Directors
Jumlah BOC dan Direksi yang hadir pada RUPST               The number BOC and Directors present at the AGMS
adalah masing-masing sebanyak 25% dan 75%,                 was 25% and 75% respectively as detailed in the
dengan catatan kehadiran sebagai berikut:                  following attendance record:



Dewan Komisaris Board of Commissioners


                                    Komisaris Independen dan Ketua Komite Audit
Susiyati Bambang Hirawan
                                    Independent Commissioner and Chairwoman of Audit Committee




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                                                                                                                        PT Duta Pertiwi Tbk




      Keterangan:                                                                Note:
      Bapak Muktar Widjaja selaku Komisaris Utama, Bapak Franciscus              Mr. Muktar Widjaja as the President Commissioner, Mr. Franciscus
      Xaverius RD. selaku Wakil Komisaris Utama dan Bapak Teddy                  Xaverius RD. as the Vice President Commissioner and Mr.
      Pawitra selaku Komisaris Independen berhalangan hadir                      Teddy Pawitra as the Independent Commissioner respectively
      dikarenakan masing-masing menghadiri pertemuan penting                     were unable to attend the meeting due to prior important
      yang tidak dapat diwakilkan dan sakit.                                     commitments that prohibited representation through a proxy
                                                                                 and were unwell.




      Direksi The Directors


      Teky Mailoa                                   Direktur Utama President Director

      Lie Jani Harjanto                             Wakil Direktur Utama Vice President Director

      Handoko Wibowo                                Direktur Director


      Keterangan:                                                                Note:
      Bapak Hongky Jeffry Nantung selaku Direktur, berhalangan hadir             Mr. Hongky Jeffry Nantung as Director were unable to attend the
      dikarenakan menghadiri pertemuan penting yang tidak dapat                  meeting due to prior important commitments that prohibited
      diwakilkan.                                                                representation through a proxy.




      [SEOJK 2.g.1.a] [ACGS A.2.6]



           Mata Acara            Hasil Rapat                                                                            Realisasi
           Agenda                Resolution                                                                             Realization



      1.   Persetujuan             1. Menyetujui laporan tahunan Perusahaan untuk tahun buku 2022;                      Telah efektif pada saat
           Laporan Tahunan,           To approve the Company’s Annual Report for Financial Year 2022;                   ditutupnya RUPST.
           pengesahan                                                                                                   Effective at the conclusion of
           Laporan Keuangan                                                                                             the AGMS.
           dan pengesahan
           Laporan Tugas           2. Mengesahkan laporan keuangan Perusahaan untuk tahun buku 2022 yang
           Pengawasan BOC             telah diaudit oleh Kantor Akuntan Publik Mirawati Sensi Idris, sebagaimana
           Perusahaan untuk           dimuat dalam Laporan Auditor Independen Nomor 00060/2.1090/
           Tahun Buku 2022.           AU.1/03/01284-2/1/III/2023 tanggal 8 Maret 2022, dengan pendapat “Wajar
           Approval of the            tanpa Pengecualian”;
           Annual Report,             To ratify the Company’s financial statements for the 2021 fiscal year audited
           ratification of            by the Public Accountant Mirawati Sensi Idris, as stipulated in the Independent
           the Financial              Auditor’s Report number 00060/2.1090/AU.1/03/01284-2/1/III/2023 dated
           Statements and             March 8th, 2023, with the opinion “Unqualified”;
           ratification of the
           Company’s BOC’s
           Oversight for the
           Fiscal Year 2022.
                                   3. Mengesahkan laporan tugas pengawasan BOC Perusahaan untuk tahun buku
                                      2022; dan
                                      To ratify the BOC’s Supervisory Report for the financial year 2022; and




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     Mata Acara             Hasil Rapat                                                                                    Realisasi
     Agenda                 Resolution                                                                                     Realization



                                 4. Memberikan pelunasan dan pembebasan tanggung jawab sepenuhnya
                                    (“acquit et decharge”) kepada:
                                    To provide a release and discharge of responsibility (acquit et decharge) to:

                                    a.    Para anggota Direksi Perusahaan atas pelaksanaan tugas dan tanggung
                                          jawab pengurusan Perusahaan untuk kepentingan Perusahaan sesuai
                                          dengan maksud dan tujuan Perusahaan serta pelaksanaan tugas dan
                                          tanggung jawab mewakili Perusahaan baik di dalam maupun di luar
                                          Pengadilan; dan
                                          Members of the Directors of the Company in the performance of duties
                                          and responsibilities in accordance with the Company’s objectives as well
                                          as the duties and responsibilities to represent the Company inside and
                                          outside the court of justice, and

                                    b.    Para anggota BOC Perusahaan atas pelaksanaan tugas dan tanggung
                                          jawab pengawasan atas kebijakan pengurusan, jalannya pengurusan
                                          pada umumnya baik mengenai Perusahaan maupun usaha Perusahaan
                                          serta pemberian nasihat kepada Direksi Perusahaan, membantu Direksi
                                          Perusahaan, dan memberikan persetujuan kepada Direksi Perusahaan.
                                          Members of the BOC of the Company in the performance of duties and
                                          supervisory responsibilities on the management of the Company and
                                          its business and duties and responsibilities in providing advice to the
                                          Directors, assisting the Directors and approving the Directors,

                                    yang dijalankan selama tahun buku 2022, sejauh pelaksanaan tugas
                                    dan tanggungjawab tersebut tercermin dalam laporan tahunan, laporan
                                    keuangan tahunan, dan laporan tugas pengawasan BOC Perusahaan tahun
                                    buku 2022.
                                    which is carried out during the 2022 financial year, to the extent that the
                                    implementation of these duties and responsibilities is reflected in the annual
                                    report, annual financial statements and monitoring report by the BOC for the
                                    2022 financial year.



 Pertanyaan/pendapat                      Setuju             Tidak Setuju              Abstain            Keputusan Rapat dengan Suara Terbanyak
  Question / opinions                     Agree                Disagree               Abstained             With Deliberation to Reach Consensus

          Nihil None                 1.832.848.799                 800                                                     1.832.848.799
                                         suara votes           suara votes             Nihil None                           suara votes
       [ACGS A.2.5]
                                      (99,99996%)             (0,00004%)                                                   (99,99996%)



     Mata Acara             Hasil Rapat                                                                                    Realisasi
     Agenda                 Resolution                                                                                     Realization



2.   Penetapan              Menetapkan penggunaan laba bersih Perusahaan tahun buku 2022, yaitu sebesar                    Telah efektif pada saat
     penggunaan Laba        Rp747.550.086.833,- (tujuh ratus empat puluh tujuh miliar lima ratus lima puluh juta           ditutupnya RUPST dan akan
     Bersih Perusahaan      delapan puluh enam ribu delapan ratus tiga puluh tiga Rupiah), dengan perincian                dibukukan sebagaimana
     untuk Tahun Buku       sebagai berikut:                                                                               diputuskan.
     2022.                  Allocate the use of the Company’s net profit for the 2022 financial year, which                Effective at the conclusion of
     Determination          amounting to IDR747,550,086,833 (seven hundred forty-seven billion five hundred                the AGMS and will be recorded
     of the use of the      fifty million eighty-six thousand eight hundred thirty-three Rupiah), with details as          as decided.
     Company’s Net          follows:
     Income for the
     financial year 2022.   a.     Sebesar Rp2.000.000.000, (dua miliar Rupiah), disisihkan sebagai dana cadangan
                                   guna memenuhi ketentuan Pasal 84 AD Perusahaan dan Pasal 70 UUPT;
                                   IDR2,000,000,000 (two billion Rupiah), set aside as a reserve fund in order to meet
                                   the provisions of Article 84 of the Company’s AoA and Article 70 of UUPT;

                            b.     Sisanya sebesar Rp745.550.086.833,- (tujuh ratus empat puluh lima miliar lima ratus
                                   lima puluh juta delapan puluh enam ribu delapan ratus tiga puluh tiga Rupiah),
                                   akan dibukukan sebagai laba ditahan untuk keperluan modal kerja Perusahaan.
                                   The remaining IDR745,550,086,833 (seven hundred forty-five billion five hundred
                                   fifty million eighty-six thousand eight hundred thirty-three Rupiah) will be recorded
                                   as retained earnings for the Company’s working capital purposes.



 Pertanyaan/pendapat                      Setuju             Tidak Setuju              Abstain            Keputusan Rapat dengan Suara Terbanyak
  Question / opinions                     Agree                Disagree               Abstained             With Deliberation to Reach Consensus

          Nihil None                 1.832.848.799                 800                                                     1.832.848.799
                                         suara votes           suara votes             Nihil None                           suara votes
       [ACGS A.2.5]
                                      (99,99996%)             (0,00004%)                                                   (99,99996%)




Laporan Tahunan 2023 Annual Report                                                                                                                          133
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                                                                                                                                PT Duta Pertiwi Tbk




           Mata Acara              Hasil Rapat                                                                                  Realisasi
           Agenda                  Resolution                                                                                   Realization



      3.   a. Penetapan gaji            1. Memberikan wewenang kepada BOC Perusahaan untuk menetapkan gaji                      Telah efektif pada saat
              dan tunjangan                dan tunjangan anggota Direksi Perusahaan untuk tahun buku 2023, dengan               ditutupnya RUPST.
              anggota Direksi              memperhatikan rekomendasi dari NRC Perusahaan;                                       Effective at the conclusion of
              Perusahaan untuk             To authorize the BOC of the Company to determine the salaries and benefits           the AGMS.
              Tahun Buku                   of members of the Directors for the financial year 2023; with regard to the
              2023;                        recommendations of the NRC:
           b. Penetapan gaji
              atau honorarium
              dan tunjangan
              lain anggota
              BOC Perusahaan
              untuk Tahun Buku          2. a.    Menetapkan total gaji atau honorarium dan tunjangan lain bagi BOC
              2023.                              Perusahaan untuk tahun buku 2023 adalah minimal sama dengan yang
           a. Determination                      diterima pada tahun buku 2022; dan
              of salaries and                    Determine the total salary or honorarium and other benefits for the
              allowances of                      Company’s BOC for the 2023 financial year is at least equal as that received
              members of the                     in the financial year 2022; and
              Directors for the
              2023 financial               b.    Memberikan kuasa kepada Presiden Komisaris Perusahaan untuk
              year;                              menetapkan besarnya serta pembagian jumlah gaji atau honorarium dan
           b. Determination                      tunjangan lain dari masing-masing anggota BOC Perusahaan untuk tahun
              of salary or                       buku 2023.
              honorarium and                     To authorize the President Commissioner of the Company to determine the
              other benefits for                 amount and distribution of the salary or honorarium and other benefits of
              members of the                     each member of the Company’s BOC for the financial year 2023.
              BOC for the 2023
              Fiscal Year.



       Pertanyaan/pendapat                       Setuju             Tidak Setuju             Abstain            Keputusan Rapat dengan Suara Terbanyak
        Question / opinions                      Agree                Disagree              Abstained             With Deliberation to Reach Consensus

                Nihil None                  1.832.848.799                800                                                    1.832.848.799
                                                suara votes           suara votes            Nihil None                          suara votes
             [ACGS A.2.5]
                                             (99,99996%)             (0,00004%)                                                 (99,99996%)




           Mata Acara              Hasil Rapat                                                                                  Realisasi
           Agenda                  Resolution                                                                                   Realization



      4.   Penunjukan              Memberikan wewenang kepada BOC Perusahaan untuk menentukan Kantor Akuntan                    Melalui surat keputusan
           Akuntan Publik          Publik Independen yang akan melakukan audit atas buku Perusahaan untuk tahun                 sirkuler BOC tertanggal 9
           untuk Tahun Buku        buku yang berakhir pada 31 Desember 2023 dengan kriteria sebagai berikut:                    Oktober 2023 dan dengan
           2023.                   To give authority to the Company’s BOC to appoint Independent Public Accounting              mempertimbangkan
           Appointment of          Firm that will audit the Company’s books for the financial year ending December 31st,        rekomendasi dari Komite
           Public Accountant       2023 with the following criteria:                                                            Audit, menunjuk Kantor
           for the Fiscal Year                                                                                                  Akuntan Publik Mirawati
           2023.                   a.     Termasuk Kantor Akuntan Publik (“KAP”) yang terdaftar di OJK; dan                     Sensi Idris untuk melakukan
           [ACGS A.6.4]                   Public Accounting Firm registered with OJK; and                                       audit atas buku Perusahaan
                                                                                                                                untuk tahun buku yang
                                   b.     Memiliki pengalaman melakukan audit di perusahaan terbuka.                            berakhir pada 31 Desember
                                          Has experience conducting audits in public listed companies.                          2023.
                                                                                                                                By the Company’s Circular
                                                                                                                                Letter of the BOC dated
                                                                                                                                October 9th, 2023 and with
                                                                                                                                considering the recommen-
                                                                                                                                dations from the Audit
                                                                                                                                Committee, appointed the
                                                                                                                                Public Accounting Firm
                                                                                                                                Mirawati Sensi Idris to audit
                                                                                                                                the Company’s books for
                                                                                                                                the financial year ending
                                                                                                                                December 31st, 2023.



       Pertanyaan/pendapat                       Setuju             Tidak Setuju             Abstain            Keputusan Rapat dengan Suara Terbanyak
        Question / opinions                      Agree                Disagree              Abstained             With Deliberation to Reach Consensus

                Nihil None                  1.832.848.799                800                                                    1.832.848.799
                                                suara votes           suara votes            Nihil None                          suara votes
             [ACGS A.2.5]
                                             (99,99996%)             (0,00004%)                                                 (99,99996%)




134                                                                                                Laporan Tahunan 2023 Annual Report
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                                                                                               Tata Kelola Perusahaan
PT Duta Pertiwi Tbk                                                                            Corporate Governance




Hasil RUPST dan RUPSLB 2022 [SEOJK 2.g.1.a]                               2022 AGMS and EGMS Results
Seluruh hasil RUPST yang diselenggarakan pada                             All results of the AGMS held on June 14th, 2022, had
tanggal 14 Juni 2022, telah dilaksanakan pada tahun                       been executed accordingly in 2022. These are the
2022. Berikut adalah keputusan dan tindak lanjut                          resolutions and realizations of the AGMS and EGMS
keputusan RUPST dan RUPSLB tersebut:                                      decisions:


      Persetujuan                                                                                     Pelaksanaan
No.
      Resolution                                                                                      Realization


RUPS Tahunan Annual GMS


1.    Menyetujui Laporan Tahunan, mengesahkan Laporan Keuangan dan mengesahkan Laporan                Telah efektif pada saat ditutupnya RUPST.
      Tugas Pengawasan BOC Perusahaan untuk Tahun Buku 2021.

      Approve the Annual Report, ratify the Financial Report and Supervisory Report of the BOC for    Effective at the conclusion of the AGMS.
      the 2021 Fiscal Year.


2.    Menetapkan penggunaan Laba Bersih Perusahaan untuk Tahun Buku 2021, yaitu untuk dana            Telah efektif pada saat ditutupnya RUPST
      cadangan dan laba ditahan.                                                                      dan telah dibukukan sebagaimana
                                                                                                      diputuskan.

      Determine the use of the Company’s Net Income for the 2021 financial year, that was set aside   Effective at the conclusion of the AGMS
      as a reserve fund and retained earnings.                                                        and has been recorded as decided.



3.    Memberikan wewenang kepada BOC untuk menetapkan gaji, tunjangan dan honorarium                  Telah efektif pada saat ditutupnya RUPST.
      anggota Direksi dan BOC Perusahaan untuk Tahun Buku 2022.

      To authorize the BOC to determine the salaries, allowances and honorarium of the members        Effective at the conclusion of the AGMS.
      of the Directors and the BOC for the Fiscal Year 2022.


4.    Memberikan wewenang kepada BOC Perusahaan untuk menentukan Kantor Akuntan Publik                Dengan mempertimbangkan rekomendasi
      Independen yang akan melakukan audit atas buku Perusahaan untuk tahun buku yang                 Komite Audit, BOC menunjuk Kantor
      berakhir pada 31 Desember 2022 dengan kriteria yang telah ditentukan.                           Akuntan Publik Mirawati Sensi Idris.

      To authorize the Company’s BOC to appoint an Independent Public Accounting Firm that will       The   BOC      by     considering       the
      audit the Company’s book for the financial year ended December 31st, 2022 with the defined      recommendations     from    the       Audit
      criteria.                                                                                       Committee, has appointed the Public
                                                                                                      Accounting Firm Mirawati Sensi Idris.


5.    Melaporkan pengangkatan Komite Audit Perusahaan dengan masa tugas terhitung                     Informasi ini bersifat laporan
      sejak ditutupnya RUPST Perusahaan tahun buku 2021 sampai dengan ditutupnya RUPST
      Perusahaan tahun buku yang berakhir 31 Desember 2024, dengan susunan sebagai berikut:
      Ketua		              : Susiyati Bambang Hirawan
      Anggota		            : Rusli Prakarsa
      Anggota		            : Rudiantara

      To report the appointment of the Audit Committee of the Company with term of service            This information is a report.
      commencing from the closing of the AGMS of the Company for fiscal year 2021 until
      the closing of the AGMS for fiscal year ending December 31st, 2024, with the following
      composition:
      Chairwoman           : Susiyati Bambang Hirawan
      Member		             : Rusli Prakarsa
      Member		             : Rudiantara



RUPS Tahunan Annual GMS


1.    Menyetujui penambahan dan penyesuaian pasal 3 AD Perusahaan tentang maksud dan                  Telah efektif pada saat ditutupnya RUPST.
      tujuan serta kegiatan usaha Perusahaan untuk disesuaikan dengan Klasifikasi Baku Lapangan
      Usaha Indonesia (KBLI) 2020.

      Approved the addition and changes of article 3 of the Company’s AoA concerning purpose          Effective at the conclusion of the AGMS.
      and objectives and business activities of the Company to be adjusted to the 2020 Indonesian
      Standard Industrial Classification (KBLI).




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                                                                                                  PT Duta Pertiwi Tbk




      DIRECTORS



      Direksi telah memiliki Piagam Direksi No.001/                The Directors has already had the Charter for the
      DIR/DP/XII/2015 tanggal 7 Desember 2015, yang                Directors No.001/DIR/DP/XII/2015 dated December
      memuat antara lain landasan hukum, struktur dan              7th, 2015, consisting, among others, legal basis,
      keanggotaan, kriteria dan independensi, tugas dan            structure and membership, criteria and independence,
      tanggung jawab beserta kewenangan, mekanisme                 duties and responsibilities, along with authorities,
      rapat, pelaporan dan pertanggungjawaban. Direksi             meetings, reporting and accountability. The Directors
      dalam pelaksanaan kegiatan operasional sehari-               implement their daily operational activities based
      hari berlandaskan pada Piagam tersebut. Piagam               on the Charter. The Charter for the Directors can
      Direksi dapat diunduh di situs web Perusahaan                be downloaded in the Company’s website at
      www.sinarmasland.com dan www.dutapertiwi.com.                www.sinarmasland.com and www.dutapertiwi.com.
      [ACGS E.1.1]



      Struktur dan Keanggotaan                                     Structure and Composition
      Direksi setidak-tidaknya terdiri atas 3 (tiga) orang, yang   The Directors consists of at least 3 (three) persons with
      memiliki kedudukan setara dan bertanggungjawab               equal position and is responsible to the GMS, namely:
      kepada RUPS, yaitu:
      1. 1 (satu) orang Direktur Utama;                            1. 1 (one) President Director;
      2. 1 (satu) orang Wakil Direktur Utama atau lebih;           2. 1 (one) Vice President Director or more;
      3. 1 (satu) orang Direktur atau lebih.                       3. 1 (one) Director or more.

      Direksi diangkat dan diberhentikan melalui keputusan         The Directors are appointed and dismissed through
      RUPS untuk masa jabatan tertentu yang selama-                a GMS resolution for specific tenure, at the latest
      lamanya adalah sampai dengan ditutupnya RUPST                until the closing of the fifth year GMS and can be
      ke-5 dan dapat diangkat kembali. [ACGS E.3.11]               reappointed.

      Piagam Direksi mengatur bahwa anggota Direksi                The Charter for the Directors regulates that members
      hanya dapat merangkap jabatan sebanyak-banyaknya             of the Directors can only hold as many positions
      sebagai anggota Direksi pada 1 (satu) emiten atau            as members of the Directors at 1 (one) issuer or the
      perusahaan publik lain, anggota BOC pada 3 (tiga)            public company, BOC members at 3 (three) issuers or
      emiten atau perusahaan publik lain, dan anggota              other public companies, and committee members at
      komite pada 5 (lima) emiten atau perusahaan publik           5 (five) issuers or public companies where the person
      dimana yang bersangkutan juga menjabat sebagai               concerned is also serves as a member of the Directors
      anggota Direksi atau BOC. Sesuai dengan kebijakan            or BOC. In accordance with the policy, this year, there
      tersebut, pada tahun ini tidak ada anggota Direksi           were no members of the Directors hold more positions
      yang merangkap jabatan lebih dari batasan di atas.           than the above set limitations.
      [ACGS E.2.6]


      Pada tahun ini, tidak ada perubahan pada susunan             This year, there were no changes in the composition
      Direksi. Dengan mempertimbangkan karakteristik,              of the Directors. After a consideration to the business
      kapasitas, ukuran dan kebutuhan bisnis, jumlah               characteristics, capacity, size and needs, the members
      anggota Direksi Perusahaan adalah 4 (empat) orang            of the Directors of the Company amounting to 4 (four)
      dengan susunan per 31 Desember 2023 sebagai                  people with the following composition as of December
      berikut:                                                     31st, 2023:




136                                                                        Laporan Tahunan 2023 Annual Report
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                                                                            Tata Kelola Perusahaan
PT Duta Pertiwi Tbk                                                         Corporate Governance




Teky Mailoa                         Direktur Utama President Director

Lie Jani Harjanto                   Wakil Direktur Utama Vice President Director

Hongky Jeffry Nantung               Direktur Director

Handoko Wibowo                      Direktur Director




Masa jabatan mereka adalah sampai dengan                    Their term of office is until the closing of the AGMS
ditutupnya RUPST untuk tahun buku yang berakhir             for the financial year ending December 31st, 2024,
pada tanggal 31 Desember 2024 tanpa mengurangi              without prejudice to the right of the GMS to dismiss
hak RUPS untuk memberhentikan salah satu atau               one or all members before their term of office ends.
semua anggota sebelum masa jabatannya berakhir.


Keberagaman                                                 Diversity
Susunan Direksi mewakili berbagai latar belakang            The composition of the Directors represents a variety
pendidikan dan pengalaman yang dipandang sesuai             of educational background and working experience
dalam pencapaian target-target Perusahaan. Sampai           that are deemed in conjunction to the achievement
saat ini, belum ada kebijakan mengenai keberagaman          of the Company’s targets. To date, there is no policy
susunan Direksi. Keberagaman dalam susunan Direksi          regarding the diversity of the composition of the
disesuaikan dengan rencana jangka panjang yang              Directors. Diversity in the composition of the Directors
telah dimiliki Perusahaan yang tampak pada tabel            is adjusted to the Company’s long-term plan as shown
berikut ini: [ACGS (B)E.1.2] [ACGS E.4.6]                   in the table below.


Nama          Gender      Pendidikan                             Usia    Catatan
Name          Gender      Education                              Age     Note


                                                                         Berpengalaman lebih dari 25 tahun di bisnis
                          Master in Structure and                        properti, khususnya proyek properti investasi
              Laki-laki   Construction Management                        dan manajemen.
Teky Mailoa   Male        University of Wisconsin,
                                                                 60
                                                                         Has more than 25 years of experience in the
                          Madison, USA                                   property business, specifically in property
                                                                         investment projects and management.


                                                                         Berpengalaman lebih dari 30 tahun di dunia
                          Sarjana Ekonomi
                                                                         properti, bidang keuangan dan akuntansi serta
Lie Jani                  Bachelor’s Degree
              Perempuan                                                  manajemen.
                          in Economics                           57
Harjanto      Female                                                     Has more than 30 years of experience in the
                          Universitas Trisakti
                                                                         property business, finance, accounting and
                          Trisakti University
                                                                         management.


                                                                         Berpengalaman lebih dari 30 tahun di dunia
Hongky                                                                   properti, pemasaran dan manajemen.
              Laki-laki   Bachelor’s Degree in Engineering
Jeffry        Male        University of Wollongong, Australia
                                                                 61      Has more than 30 years of experience
Nantung                                                                  in the property business, marketing and
                                                                         management.



                          Sarjana Ekonomi Jurusan
                          Manajemen
                                                                         Berpengalaman lebih dari 30 tahun di bidang
Handoko                   Bachelor of Economics majoring
              Laki-laki                                                  keuangan dan manajemen properti.
                          in Management                          61
Wibowo        Male                                                       Has more than 30 years of experience in
                          Universitas Krisnadwipayana
                                                                         finance and property management.
                          Jakarta, Indonesia
                          Krisnadwipayana University




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Page 138
                                                                                              PT Duta Pertiwi Tbk




      Tugas dan Tanggung Jawab [SEOJK 2.g.2.a] [ACGS E.1.3]    Duties and Responsibilities
      Piagam Direksi mengatur tugas dan tanggung jawab         The Charter for the Directors outlines the general
      Direksi secara umum yaitu melaksanakan pengurusan        duties and responsibilities of the Directors, focusing on
      Perusahaan untuk kepentingan serta sesuai dengan         managing the Company to further its objectives and
      maksud dan tujuan Perusahaan. Di dalam Piagam            mission. The Charter also governs the requirements
      tersebut juga diatur kewajiban penyelenggaraan           for convening a GMS, guidelines regarding managing
      RUPS, panduan dalam hal benturan kepentingan,            conflicts of interest, outlines protocols for engaging
      panduan penggunaan penasihat perorangan atau             individual advisors or consultants, as well as
      konsultan, serta peningkatan kompetensi anggota.         emphasizing members’ competencies. Additionally,
      Direksi juga telah membentuk Unit Kerja Audit Internal   the Directors have instituted an Internal Audit Work
      dan Unit Kerja Manajemen Risiko dan Keberlanjutan        Unit and a Risk and Sustainability Management Work
      untuk membantu pelaksanaan tugas dan tanggung            Unit to support the execution of these responsibilities
      jawab di atas.                                           and duties.

      Di dalam melaksanakan tugasnya, 3 (tiga) orang           In carrying out the said duties, 3 (three) members of
      anggota Direksi secara bersama-sama berhak dan           the Directors jointly have the right and authority to act
      berwenang bertindak untuk dan atas nama Direksi          for and on behalf of the Directors and to represent the
      serta mewakili Perusahaan. [ACGS E.1.2]                  Company.

      Masing-masing anggota Direksi memiliki ruang lingkup     Each member of the Directors has their own scope of
      pekerjaan dan tanggung jawab masing-masing, yakni        work and responsibilities as follows:
      sebagai berikut:

      Direktur Utama [ACGS E.4.4]                              President Director
      a. Mengkoordinasikan seluruh kegiatan Direksi;           a. Coordinate all activities of the Directors;
      b. Mengkoordinasikan proses dan merekonstruksi           b. Coordinate the process and reconstruct the
         aspek-aspek filosofi korporasi yang mencakup             corporate philosophical aspects covering vision,
         visi, misi, tujuan, budaya perusahaan serta              mission, objectives, corporate culture and
         kepemimpinan, termasuk visi, strategi dan pilar          leadership, including ESG sustainability vision,
         berkelanjutan ESG sejalan dengan tujuan dan              strategy and pillars are in line with the Company’s
         strategi bisnis Perusahaan;                              business objective and strategy;
      c. Merumuskan dan menyatakan arah strategis              c. Formulate and state the strategic direction
         untuk mengkondisikan kemampuan Perusahaan                to condition the Company’s ability to realize
         dalam mewujudkan pertumbuhan kompetitif yang             sustainable competitive growth across all business
         berkelanjutan pada seluruh portofolio bisnis dan         portfolios and control risk as well as interact with
         pengendalian risiko serta berinteraksi dengan            external constituents as a group;
         konstituen eksternal secara berkelompok;
      d. Mengendalikan fungsi perencanaan strategis dan        d. Control the strategic planning function and direct
         mengarahkan upaya pertumbuhan dengan fokus               the efforts towards growth while focusing on new
         pada portofolio bisnis baru;                             business portfolios;
      e. Mengendalikan arah Perusahaan;                        e. Control the direction of the Company;
      f. Mengendalikan pengelolaan aspek strategis dan         f. Control the management of strategic aspects and
         fungsi-fungsi keuangan, sumber daya manusia,             functions of finance, human resources, innovation
         inovasi dan strategi portofolio pada seluruh             and portfolio strategy in all business portfolios run
         portofolio bisnis yang dijalankan Perusahaan;            by the Company;
      g. Memimpin proses pembinaan pemimpin serta              g. Lead the process of developing leaders as well as
         mengangkat dan memberhentikan pemangku                   appointing and dismissing office holders in certain
         jabatan pada posisi tertentu sesuai peraturan            positions in accordance with established career
         manajemen karir yang ditetapkan.                         management regulation.

      Wakil Direktur Utama                                     Vice President Director
      Bertanggung jawab membantu Direktur Utama                Responsible to assist the President Director in his/her
      sebagaimana yang disebutkan dalam tanggung jawab         duties as stated above.
      Direktur Utama di atas.




138                                                                    Laporan Tahunan 2023 Annual Report
Page 139
                                                                        Tata Kelola Perusahaan
PT Duta Pertiwi Tbk                                                     Corporate Governance




Direktur Keuangan                                       Finance Director
Membawahi fungsi-fungsi Keuangan, Akuntansi, Pajak,     Supervises the functions of Finance, Accounting, Tax,
Hukum dan Teknologi Informasi, dengan penjabaran        Legal and Information Technology, with duties and
tugas dan tanggung jawab sebagai berikut:               responsibilities as follows:
a. Menentukan konsep dan rumusan Rencana                a. Determine the concept and formulation of the
   Keuangan Perusahaan Jangka Panjang dan Pendek;          Long and Short-Term Company Financial Plans;
b. Memfasilitasi dalam proses perumusan konsep          b. Facilitate the process of formulating the concept of
   perspektif keuangan untuk aspek, antara lain            financial perspective for aspects such as budgeting,
   penganggaran belanja, bisnis dan investasi serta        business & investment and capital management;
   pengelolaan modal;
c. Menentukan strategi dan kebijakan fungsional         c. Determine financial strategies and functional
   bidang finansial yang mencakup kebijakan                policies that include financial policies, financial
   keuangan, sistem pendukung kebijakan keuangan           policy support systems and asset management;
   dan pengelolaan aset;
d. Menentukan kebijakan tata kelola dan pengelolaan     d. Determine governance and management policies
   akuntansi finansial, manajemen akuntansi, keuangan      for financial accounting, accounting management,
   perusahaan dan pajak;                                   corporate finance and tax;
e. Menentukan kebijakan, tata kelola dan mekanisme      e. Determine policies, governance and mechanisms
   pengelolaan proses penganggaran Perusahaan;             for managing the Company’s budgeting process;
f. Menentukan kebijakan, tata kelola dan pengelolaan    f. Determine policy, governance and management of
   Teknologi Informasi dan Hukum.                          Information Technology and Law.

Direktur Operasional                                    Operations Director
Membawahi ruang lingkup pekerjaan yang antara lain      In charge of the scope of work which includes
mengelola dan mengawasi Divisi Proyek Perumahan         managing and supervising the Residential and
dan Komersial. Direktur Operasional bertanggung         Commercial Projects Division. The Operations Director
jawab untuk:                                            is responsible to:
a. Menetapkan kebijakan pengembangan dan inovasi        a. Determine development and innovation policies
   beserta rencana pemasaran produk perumahan dan           along with the marketing plans for housing and
   komersial;                                               commercial products;
b. Menetapkan arah strategis dan mekanisme              b. Determine strategic directions and mechanism of
   penjualan produk perumahan dan komersial;                residential and commercial products;
c. Menentukan strategi dan kebijakan proposisi nilai.   c. Determine the value proposition strategy and
                                                            policies.

Direktur Manajemen Aset                                 Asset Management Director
Membawahi ruang lingkup pekerjaan yang antara           In charge of the scope of work which includes managing
lain mengelola dan mengawasi Divisi Produk Aset         and supervising the Company’s Asset Product Division
Perusahaan, antara lain gedung perkantoran, hotel,      such as office buildings, hotels, shopping malls, trade
mal, trade center dan water park. Direktur Manajemen    centers and water parks. The Asset Management
Aset bertanggungjawab untuk:                            Director is responsible for:
a. Menetapkan kebijakan pengembangan dan inovasi        a. Establishing development and innovation policies
    beserta strategi rencana pemasaran produk aset          along with marketing plan strategies for the
    Perusahaan;                                             Company’s asset products;
b. Menetapkan arah strategis dan mekanisme              b. Establishing the strategic direction and mechanism
    penyewaan dan/atau penjualan produk aset                for leasing and/or selling the Company’s asset
    Perusahaan;                                             products;
c. Menetapkan strategi dan kebijakan terkait value      c. Establishing strategies and policies related to value
    proposition.                                            proposition.

Direktur Pemasaran dan Pengembangan Bisnis              Marketing and Business Development Director
Membawahi ruang lingkup pekerjaan yang antara           In charge of the scope of work which includes
lain mengelola dan mengawasi Divisi Pemasaran dan       managing and supervising the Marketing and Business
Divisi Pengembangan Bisnis. Direktur Pemasaran dan      Development Division. The Marketing and Business
Pengembangan Bisnis bertanggung jawab untuk:            Development Director are responsible for:




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      a. Menetapkan arah strategi jangka panjang dan                      a. Establishing the long- and short-term strategic
         pendek rencana pemasaran produk-produk                              direction of the Company’s product marketing
         Perusahaan;                                                         plan;
      b. Menetapkan kebijakan dan mekanisme pelaksanaan                   b. Establishing policies and mechanism for the
         pengembangan usaha;                                                 implementation of the Business Development;
      c. Menetapkan kebijakan standarisasi pelayanan                      c. Establishing customer service standardization
         pelanggan di semua proyek Perusahaan.                               policies in all projects of the Company.


      Rapat                                                               Meetings
      Rapat Direksi diadakan minimal sekali tiap bulan dan                Meetings of the Directors are held at least 1 (once)
      Rapat Direksi bersama Dewan Komisaris paling tidak                  every month and Joint Meetings of the Directors with
      sekali dalam 4 (empat) bulan. [SEOJK 2.g.2.c] Direksi               the BOC at least 1 (once) every 4 (four) months. The
      telah menetapkan jadwal Rapat Direksi untuk tahun                   Directors have scheduled the Meetings of the Directors
      berjalan pada akhir tahun buku sebelumnya.                          for the year as of the end of the previous year.
      [ACGS E.3.1]


      Rapat Direksi memutuskan semua kebijakan dan                        The Directors’ Meetings establish all strategic policies
      keputusan strategis Perusahaan serta memonitor                      and decisions and monitor the strategy implementation
      penerapan strategi tersebut dalam tahun berjalan.                   throughout the year.
      [ACGS E.1.5] [ACGS E.1.6]


      Rapat Direksi dipimpin oleh Direktur Utama, bahan                   Meetings of the Directors are chaired by the President
      rapat telah disampaikan paling lambat 5 (lima) hari                 Director, and meeting materials should have been
      sebelum penyelenggaraan. [ACGS E.3.6]                               submitted to the participants at least 5 (five) days
                                                                          before it is held.

      Keputusan rapat hanya sah dan dapat mengambil                       Meeting resolutions are only valid and can make
      keputusan-keputusan yang mengikat apabila lebih                     binding decisions if more than ½ (one half) of the
      dari ½ (satu per dua) bagian Direksi yang hadir dan/                Directors are present and/or represented in the
      atau diwakili dalam rapat. Keputusan rapat diambil atas             meeting. Decisions in the meeting must be made
      musyawarah untuk mufakat. Bila mufakat tidak dapat                  based on deliberation to reach a consensus. In the
      tercapai, maka pengambilan keputusan didasarkan                     event that it is impossible to attain, the decision
      dengan pemungutan suara setuju lebih dari ½ (satu                   making shall be based on affirmative votes, which shall
      per dua) bagian dari jumlah suara yang dikeluarkan                  be more than half of the total votes validly cast in the
      dengan sah dalam Rapat tersebut.                                    meeting.

      Sepanjang tahun 2023, Direksi telah melaksanakan                    Throughout 2023, the Directors held 12 (twelve)
      rapat sebanyak 12 (dua belas) Rapat Internal Direksi                Internal Directors Meetings, 4 (four) Joint Meetings
      dan 4 (empat) Rapat Gabungan dengan BOC dan 1                       with the BOC and 1 (one) AGMS dated June 27th, 2023
      kali RUPST pada tanggal 27 Juni 2023, dengan catatan                with the following attendance record:
      kehadiran sebagai berikut:


                                     Rapat Direksi (12 Rapat)
                                                                    Rapat Gabungan Direksi dan BOC (4 rapat)
                                  Directors Meeting (12 Meetings)
                                                                    Joint Meeting of the Directors & BOC (4 meetings)
                                   [SEOJK 2.g.2.c] [ACGS E.3.2]                                                          Kehadiran dalam
                                                                           [SEOJK 2.g.2.c] [ACGS Apx D.2.6]
                                  [ACGS E.3.3] [ACGS Apx D.2.6]                                                                RUPST
      Nama
                                                                                                                        Attendance in AGMS
      Name
                                    Jumlah          Persentase                                    Persentase               [SEOJK 2.g.2.c]
                                                                       Jumlah Kehadiran                                     [ACGS A.2.7]
                                  Kehadiran        Kehadiran (%)                                 Kehadiran (%)
                                                                          Number of
                                  Number of         Attendance                                    Attendance
                                                                          Attendance
                                  Attendance       Percentage (%)                                Percentage (%)



                                                                                                                              Hadir
      Teky Mailoa                     12               100%                     3                      75%
                                                                                                                             Present




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                                 Rapat Direksi (12 Rapat)
                                                                Rapat Gabungan Direksi dan BOC (4 rapat)
                              Directors Meeting (12 Meetings)
                                                                Joint Meeting of the Directors & BOC (4 meetings)
                               [SEOJK 2.g.2.c] [ACGS E.3.2]                                                          Kehadiran dalam
                                                                       [SEOJK 2.g.2.c] [ACGS Apx D.2.6]
                              [ACGS E.3.3] [ACGS Apx D.2.6]                                                                RUPST
Nama
                                                                                                                    Attendance in AGMS
Name
                                Jumlah          Persentase                                    Persentase               [SEOJK 2.g.2.c]
                                                                   Jumlah Kehadiran                                     [ACGS A.2.7]
                              Kehadiran        Kehadiran (%)                                 Kehadiran (%)
                                                                      Number of
                              Number of         Attendance                                    Attendance
                                                                      Attendance
                              Attendance       Percentage (%)                                Percentage (%)


                                                                                                                          Hadir
Lie Jani Harjanto                 12               100%                     2                      50%
                                                                                                                         Present


Hongky Jeffry                                                                                                         Tidak Hadir *)
                                  12               100%                     2                      50%
Nantung                                                                                                                Not Present



                                                                                                                          Hadir
Handoko Wibowo                    12               100%                     4                     100%
                                                                                                                         Present



                    *)   Berhalangan hadir dikarenakan menghadiri pertemuan penting yang tidak dapat diwakilkan.
                         Unable to attend due to another important meeting that couldn’t be represented by proxy.




Program Orientasi dan                                                 Orientation and Competencies
Pengembangan Kompetensi                                               Development Programs
Perusahaan belum memiliki program pengenalan bagi                     The Company does not have an induction program for
anggota Direksi yang baru diangkat. Namun demikian,                   newly appointed members of the Directors. However,
jika terdapat pengangkatan anggota Direksi yang                       in the event of a new Director’s appointment, the
baru, Perusahaan menyediakan informasi yang cukup                     Company will ensure they receive comprehensive
terkait kegiatan usaha Perusahaan dan penjelasan                      details about the Company’s business activity,
mengenai tugas dan tanggung jawab Direksi.                            along with an overview of the Directors’ roles and
[SEOJK 2.g.2.d.1] [ACGS E.5.1]                                        responsibilities.

Berdasarkan Piagam Direksi, anggota Direksi harus                     According to the Charter for the Directors, it
selalu meningkatkan kompetensi yang menunjang                         is imperative for members of the Directors to
pelaksanaan tugasnya melalui partisipasi di dalam                     continuously enhance their competencies to effectively
pelatihan dan program-program pengembangan                            fulfill their responsibilities by engaging in training and
lainnya. [SEOJK 2.g.2.d.1] [ACGS E.5.2]                               developmental initiatives.

Program pelatihan dan pengembangan yang diikuti                       The training and development programs that the
oleh Direksi pada tahun 2023 adalah sebagai berikut:                  Directors participated in during 2023 are as follows:
[SEOJK 2.g.2.d.2]



                                                                                                                          Pelaksana
Nama                Topik                                                          Tanggal                    Tempat
                                                                                                                          Provider/
Name                Subject                                                        Date                        Venue
                                                                                                                          Facilitator


                    Executive Sharing: Experience from Successful South                        Januari                    Inhouse/ Liew
                                                                                     18       (January)                   Mun Leong
                    East Asia Projects 2023

                    Greater Jakarta Property Market Review 2H 2022                             Maret                      Inhouse/ SML
                                                                                      3       (March)                     BIRD - Cushman
Teky Mailoa         and Outlook 2023                                                                          BSD City    Wakefield

                                                                                                                          Inhouse/ Hasnul
                    Executive Mandatory Program:                                                Juni                      Suhaimi (XL) -
                                                                                     16        (June)                     Ruben Saragih
                    Shared Leadership, Doing More with More                                                               (Prasetiya Mulya
                                                                                                                          ELI)




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                                                                                                                              Pelaksana
      Nama             Topik                                                            Tanggal                    Tempat
                                                                                                                              Provider/
      Name             Subject                                                          Date                        Venue
                                                                                                                              Facilitator

                                                                                                                              Inhouse /
                       Executive Mandatory Program:                                                                           Iwan Prijanto
                                                                                          7                                   (GBCI) - Ignesjz
                       The Importance of Green Efforts in the Property Business                                               Kemalawarta
                                                                                                                              (SML)
                                                                                                      Juli
                                                                                                     (July)                   Inhouse / Betti
                       Executive Mandatory Program:                                                                           Alisjahbana (IBM
                                                                                                                              QB Leadership
                       Strategic Partnership Opportunities within Business                28                                  Center) Alfred
                                                                                                                              Albert Tuwahatu
                       Ecosystem                                                                                   BSD City   (Prasetiya Mulya
                                                                                                                              ELI)

                                                                                          13 Juli (July) - 11                 Public/
                       Critical Thinking and Data Analysis                                Agustus (August)                    PT Binovate
                                                                                                                              Prima Solusi

                       Executive Mandatory Program:                                                Agustus                    Inhouse /
                                                                                          18       (August)                   Monash
                       Designing Sustainable and Liveable Cities                                                              University
      Teky Mailoa
                       1H 2023 Greater Jakarta Property Market Review                                                         Inhouse /
                                                                                          1                        Online     Vera Valentina
                       & Research Open Dashboard: Stay Updated!                                                               Rahardja

                       Executive Mandatory Program: Measuring the Impact and                                                  Inhouse/
                                                                                                  September                   Dharsono
                       Anticipation of a Carbon Tax                                                                           Hartono

                       Executive Mandatory Program:                                                                           Inhouse/
                                                                                          22                                  Hery Sutanto
                       Strategic Partnership Purpose
                                                                                                                   BSD City

                       Residential Property Ownership for Foreigners and the Progress              Oktober                    Inhouse/ Igneszj
                                                                                                  (October)                   Kemalawarta

                                                                                                   Desember
                       Leaders Summit: Rising Star                                        4       (December)                  Inhouse


                       CT Corp Leadership Forum                                           9                        Jakarta    PT Bank Mega Tbk

                       Executive Sharing: Experience from Successful                                                          Inhouse/ Liew
                                                                                          18                       BSD City   Mun Leong
                       South East Asia Projects 2023
                                                                                                    Januari
                       Investor Appreciation Night and Market Outlook 2023:                        (January)
                                                                                          19                                  Sinarmas Asset
                       Journey to Recover                                                                                     Management

                                                                                                                              PT Bank
                       BTN Market Outlook                                                 25                                  Tabungan Negara
                                                                                                                              (Persero) Tbk

                                                                                                   Februari                   PT Bank Mandiri
                       Mandiri Investment Forum                                           1       (February)                  (Persero) Tbk
      Lie Jani                                                                                                     Jakarta
      Harjanto                                                                                                                PT Bank Negara
                                                                                                    Maret
                       BNI Emerald Market Outlook 2023                                    9        (March)                    Indonesia
                                                                                                                              (Persero) Tbk

                                                                                                     Mei                      PT Bank Mandiri
                       Sustainable Financing Insight for Real Estate                      11        (May)                     (Persero) Tbk

                       Sinarmas Shareholders and Senior Leadership Info Day                          Juni                     Inhouse/ SAP
                                                                                          13        (June)                    Indonesia
                       Session: Future Ready Enterprise in Privately Managed Cloud

                                                                                          Februari - Juni - Juli              Inhouse/
                       Executive Coaching for Public Speaking                           (February - June - July)              Talkinc (Erwin
                                                                                                                              Parengkuan)
                                                                                                                   BSD City
                                                                                                   Desember
                       Leaders Summit: Rising Star                                        4       (December)                  Inhouse

                       Executive Sharing: Experience from Successful South                          Januari                   Inhouse/ Liew
                                                                                          18       (January)                  Mun Leong
                       East Asia Projects 2023

                                                                                                                              Inhouse/ Hasnul
                       Executive Mandatory Program: Shared Leadership,                               Juni                     Suhaimi (XL) -
                                                                                          16
      Hongky           Doing More with More                                                         (June)
                                                                                                                   BSD City
                                                                                                                              Ruben Saragih
                                                                                                                              (Prasetiya Mulya ELI)
      Jeffry Nantung
                                                                                                                              Inhouse / Betti
                                                                                                                              Alisjahbana (IBM
                       Executive Mandatory Program: Strategic Partnership                             Juli                    QB Leadership
                                                                                          28         (July)                   Center) Alfred
                       Opportunities within Business Ecosystem                                                                Albert Tuwahatu
                                                                                                                              (Prasetiya Mulya
                                                                                                                              ELI)




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                                                                                                             Pelaksana
Nama               Topik                                                   Tanggal                Tempat
                                                                                                             Provider/
Name               Subject                                                 Date                    Venue
                                                                                                             Facilitator


                   Executive Mandatory Program: Green Building                        Agustus                Inhouse /
                                                                             4        (August)     Online    Farida Lasida Adji
Hongky             Implementation & Financial Support
Jeffry Nantung
                                                                                      Desember
                   Leaders Summit: Rising Star                               4       (December)   BSD City   Inhouse

                                                                                                             Inhouse / Betti
                                                                                                             Alisjahbana (IBM
                   Executive Mandatory Program: Strategic Partnership                   Juli                 QB Leadership
                                                                             28        (July)                Center) Alfred
                   Opportunities within Business Ecosystem                                                   Albert Tuwahatu
                                                                                                             (Prasetiya Mulya
                                                                                                             ELI)
                                                                                                             Inhouse/Hasnul
                   Executive Mandatory Program: Shared Leadership,                      Juni                 Suhaimi (XL) -
                                                                             16        (June)                Ruben Saragih
                   Doing More with More                                                                      (Prasetiya Mulya
                                                                                                             ELI)

                   Executive Mandatory Program: Designing Sustainable                 Agustus                Inhouse /
                                                                             18       (August)               Monash
                   and Liveable Cities                                                                       University

Handoko                                                                                                      Inhouse/
                   Executive Mandatory Program: Measuring the Impact                              BSD City
Wibowo             and Anticipation of a Carbon Tax
                                                                             15                              Dharsono
                                                                                                             Hartono
                                                                                     September
                   Executive Mandatory Program: Strategic Partnership                                        Inhouse/
                                                                             22                              Hery Sutanto
                   Purpose

                   Executive Mandatory Program: Shared Leadership                                            Inhouse/
                                                                             13                              Christian
                   Bottom-up Approach to Leadership and Change                                               Kartawijaya
                                                                                      Oktober
                                                                                     (October)
                   Executive Mandatory Program: Strategic Leadership:                                        Inhouse/
                                                                             27                              Dr. John Vong
                   Moving from Lessons Learn to a Growth Mindset

                                                                                      Desember
                   Leaders Summit: Rising Star                               4       (December)              Inhouse




Penilaian Kinerja Unit Kerja Audit Internal                      Performance Assessment of Internal Audit Unit
[SEOJK 2.g.2.e.1] [SEOJK 2.g.2.e.2]
Direksi membentuk Unit Kerja Audit Internal                      The Directors established the Internal Audit Unit to
untuk menerapkan sistem pengendalian internal,                   ensure the effective and efficient implementation
manajemen risiko dan tata kelola perusahaan secara               of internal control systems, risk management and
efektif dan efisien.                                             corporate governance.

Standar kinerja tahunan dari masing-masing aspek                 The performance standards of each aspect are
ditentukan oleh Direksi setelah mempertimbangkan                 determined by the Directors following deliberation on
masukan dari unit kerja. Penilaian kinerja dilaporkan            inputs from the respective work unit. The Unit Head is
oleh Kepala Unit kepada Direksi setidak-tidaknya                 responsible for presenting the performance evaluation
sekali setahun.                                                  to the Directors annually at a minimum.

Setelah melakukan evaluasi terhadap proses                       Upon reviewing the workflow and outcomes of the
kerja dan hasil dari Unit Kerja Audit Internal, serta            Internal Audit Work Unit, along with the performance
mempertimbangkan penilaian kinerja yang dilaporkan               evaluation presented by the Unit Head to the
oleh Kepala Unit kepada Direksi di tahun 2023, Direksi           Directors in 2023, it was concluded that the Internal
menetapkan bahwa Unit Kerja Audit Internal telah                 Audit Work Unit has effectively fulfilled its designated
bekerja dengan baik sesuai dengan tugas dan fungsi               responsibilities and obligations.
yang ditetapkan.




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      Penilaian Kinerja Unit Kerja Manajemen Risiko                Performance Assessment of Risk Management
      dan Keberlanjutan                                            and Sustainability Unit
      [SEOJK 2.g.2.e.1] [SEOJK 2.g.2.e.2]
      Direksi membentuk Unit Kerja Manajemen Risiko dan            The Directors established the Risk Management and
      Keberlanjutan untuk melaksanakan pengendalian                Sustainability Work Unit to ensure the effective and
      risiko yang efektif dan efisien serta managemen              efficient implementation of risk management and
      keberlanjutan.                                               sustainability management.

      Kinerja unit ditentukan oleh beberapa komponen               The performance of the unit is determined by
      antara lain tata kelola risiko, identifikasi dan penilaian   various components, among others, risk governance,
      risiko serta pengawasan dan pengelolaan risiko dan           identification and assessment and risk monitoring and
      manajemen keberlanjutan. Standar kinerja tahunan             management, as well as sustainability management.
      dari masing-masing aspek ditentukan oleh Direksi             The Directors establish annual performance
      setelah mempertimbangkan masukan dari unit kerja.            benchmarks for each of these elements based on
      Penilaian kinerja dilaporkan oleh Kepala Unit kepada         input from the work unit. The Unit Head is responsible
      Direksi setidak-tidaknya sekali setahun.                     for presenting the performance evaluation to the
                                                                   Directors annually at a minimum.

      Setelah melakukan evaluasi terhadap proses kerja             Upon reviewing the workflow and outcomes of the
      dan hasil dari Unit Kerja Manajemen Risiko dan               Risk Management and Sustainability Work Unit, along
      Keberlanjutan, serta mempertimbangkan penilaian              with the performance evaluation presented by the Unit
      kinerja yang dilaporkan oleh Kepala Unit di tahun 2023,      Head to the Directors in 2023, it was concluded that
      Direksi menetapkan bahwa Unit Kerja Manajemen                the Risk Management and Sustainability Work Unit
      Risiko dan Keberlanjutan telah bekerja dengan baik           effectively fulfilled its designated responsibilities and
      sesuai dengan tugas dan fungsi yang ditetapkan.              obligations.




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BOARD OF COMMISSIONERS



BOC telah memiliki Piagam BOC No.001/BOC/DP/             The BOC has already had the Charter for the BOC
XII/2015 tanggal 7 Desember 2015 [SEOJK 2.g.3.b],        No.001/BOC/DP/XII/2015 dated December 7th,
yang memuat antara lain landasan hukum,                  2015, consisting among others legal basis, structure
struktur    dan   keanggotaan,   kriteria   dan          and membership, criteria and independence,
independensi, kewenangan, rapat, pelaporan               authorities, meetings, reporting and accountability.
dan     pertanggungjawaban.  BOC     Perusahaan          The Company’s BOC is carrying out active supervisory
dalam pelaksanaan kegiatan pengawasan aktif              activities based on the charter. The Charter for the
berlandaskan pada piagam tersebut. Piagam                BOC can be downloaded in the Company’s website at
BOC dapat diunduh di situs web Perusahaan                www.sinarmasland.com and www.dutapertiwi.com.
www.sinarmasland.com dan www.dutapertiwi.com.
[ACGS E.1.1]



Struktur dan Keanggotaan                                 Structure and Composition
Total anggota BOC sekurang-kurangnya berjumlah 3         The total number of the BOC members should be
(tiga) orang dengan jabatan sebagai berikut:             at least 3 (three) persons of the nomenclature of the
                                                         following titles:
1.   1 (satu) orang Komisaris Utama;                     1. 1 (one) President Commissioner;
2.   1 (satu) orang Wakil Komisaris Utama atau lebih;    2. 1 (one) Vice President Commissioner or more;
3.   1 (satu) orang Komisaris atau lebih;                3. 1 (one) Commissioner or more;
4.   1 (satu) orang Komisaris Independen atau lebih.     4. 1 (one) Independent Commissioner or more. No
     Paling kurang 30% (tiga puluh persen) dari jumlah       less than 30% of the total members of the BOC are
     anggota BOC adalah Komisaris Independen.                Independent Commissioners.

BOC diangkat dan diberhentikan melalui keputusan         The BOC is appointed and dismissed through a GMS
RUPS untuk masa jabatan tertentu yang selama-            resolution for specific tenure, at the latest until the
lamanya adalah sampai dengan ditutupnya RUPST ke-        closing of the fifth year GMS and can be reappointed.
5, dan dapat diangkat kembali. [ACGS E.3.11]

Piagam BOC mengatur bahwa anggota BOC hanya              The Charter for the BOC stipulates that BOC members
dapat merangkap jabatan sebanyak-banyaknya               are limited to holding positions as members of
sebagai anggota Direksi pada 2 (dua) emiten atau         the Directors at 2 (two) issuers or the other public
perusahaan publik lain dan anggota BOC pada 2            companies and BOC members at 2 (two) issuers
(dua) emiten atau perusahaan publik lain; atau hanya     or other public companies; at a maximum of four
sebagai anggota BOC pada 4 (empat) emiten atau           issuers or other public companies as BOC members.
perusahaan publik lain, dan anggota komite pada 5        Additionally, if an individual concurrently serves as a
(lima) emiten atau perusahaan publik dimana yang         BOC member or a director member, they may also be
bersangkutan juga menjabat sebagai anggota Direksi       a committee member in up to five issuers or public
atau BOC. [ACGS E.2.6]                                   companies.

Pada tahun ini, tidak ada perubahan pada susunan         This year, there were no changes in the composition of
BOC. Dengan mempertimbangkan karakteristik,              the BOC. Following a thorough consideration to the
kapasitas, ukuran dan kebutuhan bisnis, jumlah           business characteristics, capacity, size and needs, the
anggota BOC Perusahaan adalah 4 (empat) orang            members of the BOC of the Company amounting to
dengan susunan per 31 Desember 2023 sebagai              4 (four) people with the following composition as of
berikut:                                                 December 31st, 2023:




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      Muktar Widjaja                       Komisaris Utama President Commissioner

      Fransciscus Xaverius RD.             Wakil Komisaris Utama Vice President Commissioner

      Teddy Pawitra                        Komisaris Independen Independent Commissioner

      Susiyati Bambang Hirawan             Komisaris Independen Independent Commissioner




      Masa jabatan mereka adalah sampai dengan                        Their term of office is until the closing of the AGMS
      ditutupnya RUPST untuk tahun buku yang berakhir                 for the financial year ending December 31st, 2024,
      pada tanggal 31 Desember 2024 tanpa mengurangi                  without prejudice to the right of the GMS to dismiss
      hak RUPS untuk memberhentikan salah satu atau                   one or all members before their term of office ends.
      semua anggota sebelum masa jabatannya berakhir.

      Keberagaman                                                     Diversity
      Susunan BOC mewakili berbagai latar belakang                    The composition of the BOC represents various
      pendidikan dan pengalaman yang dipandang sesuai                 educational background and work experiences
      dalam situasi yang sedang dihadapi Perusahaan.                  that is deemed in accordance with the Company’s
      Keragaman       ini  memungkinkan    BOC     untuk              current situation. Diversity allows the BOC to develop
      mengembangkan pandangan yang komprehensif pada                  comprehensive views on discussed matters before a
      hal-hal yang dibahas sebelum pembuatan keputusan.               decision is made.

      Sampai saat ini, belum ada kebijakan mengenai                   Currently, there is no policy regarding the diversity in
      keberagaman susunan BOC maupun tujuan terukur                   the composition of the BOC as well as measurable
      atas keberagaman. Keberagaman dalam susunan                     objectives of the diversity. Diversity in the composition
      BOC disesuaikan dengan rencana jangka panjang                   of the BOC is aligned with the long-term plan of the
      yang telah dimiliki Perusahaan yang tampak pada                 Company shown in the table below:
      tabel di bawah ini: [ACGS (B)E.1.2] [ACGS E.4.6]

      Nama          Gender       Pendidikan                                  Usia    Catatan
      Name          Gender       Education                                   Age     Note


                                                                                     Berpengalaman lebih dari 40 tahun di
                                                                                     bisnis properti dan berhasil mengantarkan
                                 Sarjana Administrasi Bisnis University
                                                                                     Perusahaan menjadi perusahaan properti
      Muktar                     of Concordia, Montreal, Canada
                    Laki-laki                                                        terkemuka di Indonesia.
                                 Bachelor’s degree in business               69
      Widjaja       Male                                                             Has more than 40 years of experience in the
                                 administration University of
                                                                                     property business and has succeeded in
                                 Concordia, Montreal, Canada
                                                                                     making the Company the leading property
                                                                                     company in Indonesia.


                                 Sarjana Teknik Sipil, Jurusan Jalan Raya
                                 Institut Teknologi Bandung
                                 Bachelor’s Degree in Civil Engineering
                                                                                     Berpengalaman lebih dari 35 tahun di
                                 Department of Highway Major
                                                                                     bidang teknik dan perencanaan properti,
      Franciscus                 Bandung Institute of Technology
                   Laki-laki                                                         pengembangan bisnis serta manajemen.
                                                                             70
      Xaverius RD. Male          Sarjana Teknik Sipil, Universitas Katolik
                                                                                     Has more than 35 years of experience in
                                                                                     engineering and property planning, business
                                 Parahyangan, Bandung
                                                                                     development and management.
                                 Bachelor’s Degree in Civil Engineering
                                 Parahyangan Catholic University,
                                 Bandung


                                 Doktor bidang Ilmu Ekonomi                          Berpengalaman lebih dari 50 tahun di
                                 Doctorate in Economy                                bidang keuangan dan akuntansi, manajemen,
      Teddy                      Universitas Airlangga, Surabaya,                    kepatuhan dan aktif di dunia akademisi.
                    Laki-laki
                                 Indonesia (bekerja sama dengan              88      [ACGS E.4.6]
      Pawitra       Male
                                 Erasmus University, Rotterdam)                      Has more than 50 years of experience in
                                 (in cooperation with Erasmus                        finance, accounting, management, compliance
                                 University, Rotterdam)                              and active in the academic world.




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                                                                               Berpengalaman lebih dari 50 tahun di
Susiyati                                                                       bidang keuangan dan akuntansi, manajemen,
                               Doctor of Philosophy, School                    kepatuhan dan aktif di dunia akademisi.
Bambang            Perempuan
                               of Public Policy, University of        77       [ACGS E.4.6]
Hirawan            Female
                               Birmingham, England                             Has more than 50 years of experience in
[ACGS (B) E.1.1]                                                               finance, accounting, management, compliance
                                                                               and active in the academic world.




Tugas dan Tanggung Jawab                                         Duties and Responsibilities
[SEOJK 2.g.3.a] [ACGS E.1.3]
Piagam BOC mengatur bahwa BOC bertugas                           The Charter for the BOC regulates that the BOC
melakukan pengawasan dan bertanggung jawab                       was tasked with supervising and being responsible
atas pengawasan terhadap kebijakan pengurusan,                   supervising management policies, the overall
jalannya  pengurusan     pada    umumnya,    baik                management direction concerning both the Company
mengenai Perusahaan maupun usaha Perusahaan                      and its business operations and providing advice to the
dan memberikan nasihat kepada Direksi. Dalam                     Directors. The BOC is required to act independently in
pelaksanaannya, BOC wajib bersikap independen.                   fulfilling its obligations.

Di dalam melaksanakan tugasnya, 3 (tiga) orang                   In carrying out the said duties, 3 (three) members of the
anggota BOC secara bersama-sama berhak dan                       BOC jointly have the right and authority to act for and
berwenang bertindak untuk dan atas nama BOC serta                on behalf of the BOC and to represent the Company.
mewakili Perusahaan. [ACGS E.1.2]

Agar pelaksanaan pengawasan berjalan lancar, BOC                 For the supervisory responsibilities to perform well,
wajib:                                                           the BOC must:
1. Menyelenggarakan RUPS Tahunan dan RUPS                        1. Organize Annual GMS and other GMS in
   lainnya sesuai kewenangannya sebagaimana diatur                  accordance with their authority as stipulated in the
   dalam perundang-undangan dan AD Perusahaan.                      legislation and the Company’s AoA.
2. Membentuk komite-komite yang diketuai oleh                    2. Establish committees chaired by an Independent
   Komisaris Independen termasuk Komite Audit                       Commissioner including the Audit Committee
   dan NRC serta komite lainnya yang mendukung                      and NRC and other committees to support the
   efektivitas pelaksanaan tugas dan tanggung                       effectiveness of the implementation of BOC’s tasks
   jawabnya. BOC wajib memastikan bahwa                             and responsibilities. The BOC must ensure that all
   Komite-komite yang telah dibentuk menjalankan                    committees implement their tasks effectively. The
   tugasnya secara efektif. BOC wajib melakukan                     BOC is required to conduct an evaluation of the
   evaluasi terhadap kinerja komite yang membantu                   performance of the committees that support the
   pelaksanaan tugas dan tanggung jawabnya setiap                   implementation of their duties and responsibilities
   akhir tahun buku.                                                every end of the fiscal year.
3. Meningkatkan kompetensi anggota-anggotanya                    3. Improve the competence of its members through
   melalui pendidikan dan pelatihan secara terus                    continuous education and training, be familiar with
   menerus, memahami peraturan dan memiliki                         regulations and have general knowledge related to
   pengetahuan umum terkait perekonomian dan                        the economy and property industry.
   industri properti.


Independensi Dewan Komisaris                                     Independence of BOC
BOC wajib melaksanakan tugasnya secara independen                The BOC must fulfill its responsibilities independently
untuk memastikan bahwa Perusahaan melindungi                     to ensure that the Company protects the interests of
kepentingan semua pemegang saham secara setara                   all shareholders equally and the oversight mechanisms
dan mekanisme pengawasan aktivitas Perusahaan                    to the Company’s activities operate function effectively
berjalan secara efektif dan memenuhi ketentuan yang              and adhere to relevant regulations.
berlaku.




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      Komisaris Independen dan Pernyataan                     Independent Commissioner and Statement of
      Independensi Komisaris Independen                       Independence by Independent Commissioner
      [SEOJK 2.e.10.h]
      Perusahaan memiliki 2 (dua) Komisaris Independen,       The Company has 2 (two) Independent Commissioners,
      dari total 4 (empat) anggota BOC, yang mana telah       out of the total 4 (four) members of the BOC, which
      sesuai persyaratan pencatatan BEI setidaknya 30%        is in accordance with the BEI listing requirements, at
      (tiga puluh persen) dari anggota BOC wajib merupakan    least 30% (thirty percent) of the BOC members must
      Komisaris Independen. [ACGS E.2.4] [ACGS (B)E.4.1]      be Independent Commissioners.

      Komisaris Independen adalah anggota BOC yang            Independent Commissioners are members of the BOC
      tidak terafiliasi dengan anggota Direksi, BOC lainnya   who are not affiliated with members of the Directors,
      dan pemegang saham pengendali, serta bebas dari         other BOC’s and controlling shareholders and is free
      hubungan bisnis atau hubungan lainnya yang dapat        from business relationships or other relationships that
      mempengaruhi kemampuannya untuk bertindak               could affect their ability to act independently or solely
      independen atau bertindak semata-mata untuk             in the interest of the Company.
      kepentingan Perusahaan.

      Selain tugas dan fungsi pengawasan terhadap jalannya    In addition to the duties and functions of supervising
      operasional Perusahaan secara umum dan memastikan       the general operations of the Company and
      kepatuhan terhadap peraturan dan perundangan            ensuring compliance with applicable legislations and
      yang berlaku, Komisaris Independen juga mempunyai       regulations, the Independent Commissioner also has
      tanggung jawab khusus yaitu mewakili kepentingan        a special responsibility to represent the interests of the
      pemegang saham minoritas.                               Company’s minority shareholders.

      Komisaris Independen, dengan mengacu pada kriteria      Independent Commissioners with reference to the
      peraturan perundangan yang berlaku, dalam hal ini       criteria of applicable laws and regulations, in this
      yaitu POJK No.33, sebagaimana diatur juga dalam AD      circumstance the POJK No.33, as also stipulated in the
      Perusahaan, harus memenuhi kriteria di bawah ini:       Company’s AoA, must meet the following criteria:
      a. Bukan merupakan orang yang bekerja atau              a. Not an individual who works or has the authority
          mempunyai wewenang dan tanggung jawab untuk             and responsibility to plan, lead, control or supervise
          merencanakan, memimpin, mengendalikan atau              the Company’s activities within 6 (six) months,
          mengawasi kegiatan Perusahaan dalam waktu 6             except for re-appointment as an Independent
          (enam) bulan terakhir, kecuali untuk pengangkatan       Commissioners of the Company in the following
          kembali sebagai Komisaris Independen Perusahaan         period;
          pada periode berikutnya;
      b. Tidak mempunyai saham baik langsung maupun           b. Does not hold shares either directly or indirectly in
          tidak langsung pada Perusahaan;                        the Company;
      c. Tidak mempunyai hubungan afiliasi dengan             c. Has no affiliation with the Company, BOC member,
          Perusahaan, anggota BOC, anggota Direksi               members of the Directors or shareholders of the
          ataupun pemegang saham Perusahaan; dan                 Company; and
      d. Tidak mempunyai hubungan usaha baik langsung         d. Does not have a business relationship, either
          maupun tidak langsung yang berkaitan dengan            directly or indirectly, related to the Company’s
          kegiatan usaha Perusahaan.                             business activities.

      Komisaris Independen yang telah menjabat selama         Independent Commissioners who have served for
      2 (dua) periode masa jabatan dapat diangkat             2 (two) terms of office can be reappointed in the
      kembali pada periode selanjutnya sepanjang yang         following period as long as the person concerned
      bersangkutan menyatakan dirinya tetap independen        declares that he or she remains independent to the
      kepada RUPS. Semua Komisaris Independen                 GMS. Each Independent Commissioner has declared
      Perusahaan telah menyatakan independensinya secara      its independence periodically, by signing a statement
      berkala, dengan menandatangani surat pernyataan         of independence.
      independensi. [SEOJK 2.e.10.h] [ACGS E.2.5]




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Rapat                                                               Meetings
Rapat BOC wajib diadakan sekurang-kurangnya 1                       Meetings of the BOC are held at least 1 (once) every
(satu) kali setiap 2 (dua) bulan [ACGS E.3.2] dan rapat             2 (two) months and a joint meeting with the Directors
gabungan dengan Direksi sekurang-kurangnya 1                        at least 1 (once) every 4 (four) months. Calls for BOC
(satu) kali setiap 4 (empat) bulan. Panggilan rapat BOC             meetings are made by 3 (three) Commissioners. The
dilakukan oleh 3 (tiga) orang anggota BOC. BOC telah                BOC has set scheduled meetings of the BOC for the
menetapkan jadwal Rapat BOC tahun berjalan pada                     year as of the end of the previous year.
akhir tahun buku sebelumnya.

Rapat BOC dipimpin oleh Komisaris Utama, di mana                    Meetings of the BOC are chaired by the President
bahan rapat telah disampaikan paling lambat 5 (lima)                Commissioner, and meeting materials should have
hari sebelum penyelenggaraan. [ACGS E.3.6]                          been submitted to the participants at least 5 (five) days
                                                                    before it is held.

Keputusan rapat hanya sah dan dapat mengambil                       Meeting resolutions are only valid and can make
keputusan-keputusan yang mengikat apabila lebih                     binding decisions if more than ½ (one half) of the
dari ½ (satu per dua) bagian BOC yang hadir dan/atau                BOC are present and/or represented in the meeting.
diwakili dalam rapat. Keputusan rapat diambil atas                  Decisions in the meeting must be made based on
musyawarah untuk mufakat. Bila mufakat tidak dapat                  deliberation to reach a consensus. In the event that
tercapai, maka pengambilan keputusan didasarkan                     it is impossible to attain, the decision making shall be
dengan pemungutan suara setuju lebih dari ½ (satu                   based on affirmative votes, which shall be more than
per dua) bagian dari jumlah suara yang dikeluarkan                  half of the total votes validly cast in the meeting.
dengan sah dalam rapat tersebut.

Sepanjang tahun 2023, BOC telah melaksanakan                        Throughout 2023, the BOC held 6 (six) Internal BOC
rapat sebanyak 6 (enam) kali Rapat Internal BOC dan                 Meetings, 4 (four) Joint Meetings with the Directors
4 (empat) Rapat Gabungan dengan Direksi dan 1 kali                  and 1 (one) AGMS dated June 27th, 2023 with the
RUPST pada tanggal 27 Juni 2023, dengan catatan                     following attendance record:
kehadiran sebagai berikut:


                               Rapat BOC (6 Rapat)            Rapat Gabungan Direksi dan BOC (4 rapat)
                             BOC Meeting (6 Meetings)         Joint Meeting of Directors & BOC (4 meetings)
                           [SEOJK 2.g.3.c] [ACGS E.3.3]               [SEOJK 2.g.3.c] [ACGS E.3.3]
                                [ACGS Apx D.2.6]                            [ACGS Apx D.2.6]                    Kehadiran dalam
Nama                                                                                                                  RUPST
Name                                                                                                           Attendance in AGMS
                           Jumlah            Persentase                                    Persentase              [ACGS A.2.7]
                                                                 Jumlah Kehadiran
                         Kehadiran          Kehadiran (%)                                 Kehadiran (%)
                                                                    Number of
                         Number of           Attendance                                    Attendance
                                                                    Attendance
                         Attendance         Percentage (%)                                Percentage (%)



Muktar Widjaja                6                 100%                      4                    100%                      *)



Fransciscus
                              6                 100%                      4                    100%                      *)
Xaverius RD.


Teddy Pawitra                 6                 100%                      4                    100%                      *)



Susiyati                                                                                                               Hadir
                              6                 100%                      4                    100%
Bambang Hirawan                                                                                                       Present



                 *)   Berhalangan hadir karena masing-masing menghadiri pertemuan yang tidak dapat diwakilkan dan sakit.
                      Respectively unable to attend the meeting due to prior important commitments that prohibited representation
                      through a proxy and were unwell.




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      Program Orientasi dan                                                  Orientation and Competency Development
      Pengembangan Kompetensi                                                Programs
      Perusahaan belum memiliki program pengenalan bagi                      The Company does not have an induction program
      anggota BOC yang baru diangkat. Namun demikian,                        for newly appointed members of the BOC. However,
      jika terdapat pengangkatan anggota BOC yang baru,                      in the event of a new member of BOC appointment,
      Perusahaan menyediakan informasi yang cukup terkait                    the Company will ensure they receive comprehensive
      kegiatan usaha Perusahaan dan penjelasan mengenai                      details about the Company’s business activity, along
      tugas dan tanggung jawab BOC. [ACGS E.5.1]                             with an overview of the BOC’s roles and responsibilities.

      Berdasarkan Piagam BOC, anggota BOC harus                              According to the Charter for the BOC, it is imperative
      selalu meningkatkan kompetensi yang menunjang                          for members of the BOC to continuously enhance their
      pelaksanaan tugasnya melalui partisipasi di dalam                      competencies to effectively fulfill their responsibilities
      pelatihan dan program-program pengembangan                             by engaging in training and developmental initiatives.
      lainnya. [ACGS E.5.2]

      Program pelatihan dan pengembangan yang diikuti                        The training and development programs that the BOC
      oleh BOC pada tahun 2023 adalah sebagai berikut:                       participated in during 2023 are as follows:
      [SEOJK 2.g.3.d.2]



                                                                                                                         Pelaksana
      Nama                Topik                                                        Tanggal                Tempat
                                                                                                                         Provider/
      Name                Subject                                                      Date                    Venue
                                                                                                                         Facilitator

                          Executive Sharing: Experience from Successful                            Januari               Inhouse/ Liew
                                                                                         18       (January)              Mun Leong
                          South East Asia Projects 2023
      Franciscus                                                                                              BSD City
      Xaverius RD.
                          Leaders Summit: Rising Star                                     4       Desember               Inhouse
                                                                                                 (December)


                          Trends, Innovation & Opportunities in Renewable Energy         16      September               President Office
      Susiyati                                                                                                           Sinar Mas
      Bambang                                                                                                 Jakarta
      Hirawan             Supervising the Sustainability and Growth of the Company
                                                                                         19       Oktober                Ikatan Komite
                          through Risk Monitoring and Control                                    (October)               Audit Indonesia




      Penilaian Kinerja Direksi                                              Performance Assessment of the Directors
      [SEOJK 2.g.3.e] [ACGS E.5.4] [ACGS E.5.6]
      Penilaian kinerja Direksi dilakukan melalui mekanisme                  The evaluation of the Directors’ performance is
      RUPST Perusahaan, yang mana para pemegang saham                        conducted during the AGMS, where shareholders
      menilai kinerja Direksi berdasarkan laporan kinerja                    assess the Directors based on the performance report
      Direksi yang dilaporkan kepada pemegang saham.                         presented to them.

      Penilaian didasarkan pada laporan kinerja Direksi                      The assessment relies on the performance report of
      yang disampaikan pada RUPS. Berdasarkan laporan                        the Directors presented to the GMS. Subsequently, the
      tersebut, pemegang saham melakukan penilaian                           shareholders will assess the Directors’ performance for
      terhadap kinerja Direksi selama tahun buku berjalan.                   the ongoing year based on this report.

      Pada tahun 2023, BOC melalui NRC Perusahaan                            In 2023, the BOC through the Company’s NRC
      melakukan evaluasi atas kinerja anggota Direksi                        conducted an evaluation of the Directors’ performance
      beserta penyesuaian fokus area, yang mana penilaian                    and adjustments based on specific areas of focus. The
      kinerja dilakukan secara 2 (dua) arah: penilaian mandiri               evaluation process consisted in 2 (two) ways: self-
      (self-assessment) dan evaluasi oleh NRC. Termasuk di                   assessment and assessment by NRC. The evaluation
      dalam indikator evaluasi kinerja Direksi adalah:                       criteria for the Directors included:
      a. Fokus Area Keuangan: pencapaian target keuangan                     a. Finance Area Focus: the achievement of the
          Perusahaan;                                                            Company’s financial target;




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b. Fokus Area Kemitraan Strategis: kemampuan             b. Strategic Partnership Area Focus: the ability of the
   Perusahaan untuk dapat melakukan ko-kreasi atas          Company to co-create the innovative products or
   produk dan jasa inovatif;                                services;
c. Fokus Area Indeks Produktivitas: rasio pendapatan     c. Productivity Index Area Focus: ratio of the revenue
   per jumlah karyawan;                                     per the number of employees;
d. Fokus Area Pengembangan Talenta: penyelesaian         d. Talent Development Program Area Focus: the
   Individual Development Program berdasarkan               completion of Individual Development Program
   Analisis Kebutuhan Pengembangan dalam bidang             based on Development Need Analysis in property,
   properti, kepemimpinan dan strategi bisnis; dan          leadership and business strategy; and
e. Fokus Area Penempatan Sumber Daya Manusia:            e. Manpower Fulfillment Area Focus: ratio of hired
   rasio karyawan yang diterima terhadap rencana            employee to the approved manpower planning to
   sumber daya manusia yang telah disetujui untuk           achieve the desired goal.
   mencapai tujuan-tujuan yang diinginkan.

BOC juga menilai bahwa masing-masing anggota             The BOC also assessed the performance of each
Direksi telah melakukan tugas dan tanggung jawab         member of the Directors, affirming that they have
sesuai yang dipercayakan kepada mereka dan telah         diligently fulfilled their duties and responsibilities,
mencapai kinerja yang memuaskan.                         yielding satisfactory results.

Penilaian Kinerja Komite Audit                           Performance Assessment of the Audit Committee
[SEOJK 2.g.3.f] [ACGS E.5.7]
BOC telah membentuk Komite Audit untuk membantu          BOC has instituted the Audit Committee to effective
melakukan pengawasan terhadap pengendalian               and efficiently aid in overseeing the internal controls.
internal yang efektif dan efisien.

Kinerja komite diukur dari pelaksanaan semua rencana     The performance of the committee is evaluated
kerja dan anggaran yang telah ditetapkan di awal         based on the execution of all work plans and budgets
tahun bersama dengan BOC.                                established collaboratively with the BOC at the
                                                         commencement of the year.

Setelah melakukan evaluasi terhadap proses kerja         Upon evaluating the work processes and outcomes
dan hasil dari Komite Audit selama tahun 2023, maka      of the Audit Committee in 2023, the BOC concludes
BOC menetapkan bahwa Komite Audit telah bekerja          that the Audit Committee has effectively fulfilled its
dengan baik sesuai dengan tugas dan fungsi yang          designated responsibilities and obligations.
ditetapkan.

Penilaian Kinerja Komite Nominasi dan                    Performance Assessment of the Nomination and
Remunerasi (NRC) [SEOJK 2.g.3.f] [ACGS E.5.7]            Remuneration Committee (NRC)
BOC telah membentuk NRC untuk memberikan                 The BOC has instituted NRC to provide unbiased and
rekomendasi-rekomendasi terkait nominasi dan             professional recommendations on the appointment
remunerasi anggota Direksi dan BOC secara                and remuneration of members of the Directors and
independen, profesional, sesuai standar industri serta   BOC, in accordance with industry standards and the
dengan memperhatikan kebutuhan Perusahaan.               Company’s policies.

Kinerja komite diukur dari pelaksanaan semua rencana     The performance of the committee is evaluated
kerja dan anggaran yang telah ditetapkan di awal         based on the execution of all work plans and budgets
tahun bersama dengan BOC.                                established collaboratively with the BOC at the
                                                         commencement of the year.

Setelah melakukan evaluasi terhadap proses kerja dan     After evaluating the work processes and outcomes of
hasil dari NRC selama tahun 2023, BOC menetapkan         the NRC in 2023, the BOC concludes that the NRC has
bahwa NRC telah bekerja dengan baik sesuai dengan        effectively fulfilled its designated responsibilities and
tugas dan fungsi yang ditetapkan.                        obligations.




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      NOMINATION AND REMUNERATION OF THE DIRECTORS
      AND THE BOARD OF COMMISSIONERS



      Pengangkatan, pemberhentian serta penetapan                         The appointment, dismissal and determination of
      remunerasi anggota Direksi dan BOC adalah                           remuneration for members of the Directors and BOC fall
      wewenang para pemegang saham melalui RUPS.                          under the authority of shareholders through the GMS.
      Agar pemegang saham mendapatkan kandidat                            To ensure shareholders secure top-tier candidates and
      terbaik dan memberikan remunerasi yang mampu                        offer remuneration that maximizes the performance of
      mengoptimalkan kinerja anggota Direksi dan BOC,                     the members of Directors and BOC, the nomination
      maka proses nominasi dan remunerasi anggota Direksi                 and remuneration processes are overseen by the BOC
      dan BOC dilakukan oleh BOC yang dibantu Komite                      with support from the Nomination and Remuneration
      Nominasi dan Remunerasi (NRC).                                      Committee (NRC).


      Prosedur Nominasi                                                   Nomination Procedure
      [SEOJK 2.g.4.a] [ACGS E.3.9] [ACGS E.3.10] [ACGS (B)E.2.2]
      Proses pemilihan anggota Direksi dan BOC secara                     The process of selecting members of the Directors
      berkesinambungan dilakukan oleh NRC untuk                           and BOC is an ongoing task overseen by the NRC
      mendapatkan kandidat-kandidat yang sesuai dengan                    to ensure that candidates align with the Company’s
      kebutuhan Perusahaan. Proses ini dilaksanakan baik                  requirements. This procedure is essential as it coincides
      karena periode pengurusan yang akan berakhir                        with the conclusion of management terms, also the
      maupun karena adanya kebutuhan penambahan                           necessity for new appointments due to additions or
      anggota baru dan/atau pengunduran diri salah satu                   resignations within the current membership.
      anggota.

      Berikut adalah kriteria dasar yang digunakan NRC                    The criteria outlined below are fundamental to the
      untuk proses nominasi, sesuai dengan Piagam Direksi                 NRC’s nomination process, aligning with the Directors’
      dan Piagam BOC.                                                     Charter and the BOC’s Charter.


                                                                                                         Direksi
      Kriteria                                            Criteria                                                       BOC
                                                                                                         Directors


      Mempunyai akhlak, moral dan integritas yang baik.   Have a good character, morale and integrity.      √              √

      Cakap melakukan perbuatan hukum.                    Able to perform legal acts.                       √              √

      Dalam 5 (lima) tahun sebelum pengangkatan:          In 5 (five) years before appointment:             √              √

      1.   Tidak pernah dinyatakan pailit.                Never been declared bankrupt.                     √              √




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2.   Tidak pernah dihukum karena melakukan tindak       Never been convicted of a criminal offense that
     pidana yang merugikan keuangan negara dan/atau     harms the country financial and/or related to           √      √
     yang berkaitan dengan sektor keuangan.             the financial sector.


3.   Tidak pernah menjadi anggota Direksi dan/atau      Never being a member of Directors and or BOC
     anggota BOC yang:                                  that during the services:                               √      √


     a.   Dinyatakan bersalah menyebabkan       suatu   a.   Convicted guilty causing the bankruptcy at
          perusahaan dinyatakan pailit.                      any company.                                       √      √


     b.   Pernah tidak menyelenggarakan RUPS tahunan.   b.   Have not organized an Annual GMS.                  √      √

     c.   Pertanggungjawabannya pernah tidak diterima   c.   His/her responsibility was not accepted by
          oleh RUPS atau pernah tidak memberikan             the GMS or have not declared responsibility        √      √
          pertanggungjawaban kepada RUPS.                    to the GMS.


     d.   Pernah menyebabkan perusahaan yang            d.   Have caused a company that obtained a
          memperoleh      izin,  persetujuan,   atau         license, approval or registration from the
          pendaftaran dari OJK tidak memenuhi                OJK not meet the obligation to deliver             √      √
          kewajiban menyampaikan laporan tahunan             annual report and/or financial statements
          dan/atau laporan keuangan kepada OJK.              to the OJK.



Memiliki komitmen untuk         mematuhi    peraturan   Have a commitment to comply with the
perundang-undangan.                                     prevailing law and regulation.                          √      √


Memiliki pengetahuan dan/atau keahlian di bidang        Have knowledge and/or skills needed by the
yang dibutuhkan Perusahaan.                             Company.                                                √      √


Memiliki wawasan tertentu yang sesuai dengan            Have insights that fit the Company’s current and
kebutuhan strategis Perusahaan kini dan masa depan.     future strategic needs.                                 √      √
[ACGS E.4.6]


Memiliki komitmen terhadap kinerja dan keberlanjutan    Have commitment to the performance and
Perusahaan.                                             sustainability of the Company.                          √      √


Memiliki kemampuan adaptasi dengan budaya dan tata      Have the ability to adapt to the Corporate
kelola Perusahaan.                                      culture and governance.                                 √      √




Lebih lanjut, sesuai diskusi bersama Direksi dan BOC,                   Moreover, following deliberations among the Directors
NRC juga akan mempertimbangkan keberagaman                              and the BOC, the NRC will evaluate the diversity
komposisi Direksi dan BOC. Semua kandidat yang                          within the composition of both the Directors and the
dinilai layak dan tepat akan diajukan kepada BOC                        BOC. Subsequently, all qualified candidates will be
untuk ditentukan pilihan akhir serta diajukan dan                       presented to the BOC for the final selection process,
ditetapkan melalui mekanisme RUPS.                                      which will be further submitted and determined
[ACGS (B)E.1.2]                                                         through the GMS.


Kebijakan Suksesi Direksi [ACGS E.5.3]                                  Directors Succession Policy
Sampai saat ini, Perusahaan belum memiliki kebijakan                    To date, the Company does not have a policy regarding
mengenai suksesi Direksi. Namun, BOC, dengan                            the succession of the Directors. However, the BOC,
dibantu oleh NRC memastikan adanya rencana                              assisted by the NRC guarantees the implementation
suksesi yang jelas dan memadai, disertai proses                         of a well-defined succession strategy, along with
pemberian jenjang karir, pelatihan, pengembangan,                       career advancement opportunities, training initiatives,
pemberian motivasi bagi anggota Direksi berikut para                    professional development and motivation for both
eksekutifnya.                                                           Directors and its executives.




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      Perusahaan memberikan kesempatan yang sama                   The Company provides equal opportunities for all
      kepada setiap karyawan untuk mengisi jabatan                 employees to advance to higher positions, including
      yang lebih tinggi sampai dengan Direksi. Hal ini             up to directorial roles. This commitment is explicitly
      dinyatakan secara jelas pada Peraturan Perusahaan            outlined in the Company Regulations, which all
      yang telah diketahui oleh setiap karyawan. Kenaikan          employees are familiar with and have consented
      jabatan didasarkan kepada formasi dan kebutuhan              to. Promotions are determined by the Company’s
      Perusahaan, kompetensi dan potensi karyawan, serta           structure and requirements, as well as by evaluating
      prestasi kinerja karyawan. Agar kesempatan promosi           employees’ competencies, potentials and performance
      tetap terbuka di dalam dinamika organisasi, karyawan         achievements. To sustain a culture of open promotion
      dapat mengikuti mutasi maupun pelatihan dan                  opportunities within the organization, employees may
      pengembangan sesuai dengan kebutuhan jabatan                 undergo transfers or receive training and development
      yang berpotensi meningkatkan kemampuan kerja dan             tailored to enhance their skills and capabilities.
      kapabilitasnya.

      Pembinaan menuju suksesi Direksi yang lancar                 Coaching to facilitate a seamless transition of Directors
      juga didukung oleh Career Studio yang dirancang              is further reinforced by the Career Studio, specifically
      khusus untuk mempercepat kematangan para calon               tailored to expedite the development of future
      pemimpin. Career Studio akan berfungsi sebagai               leaders. The Career Studio serves as a steppingstone
      batu loncatan untuk “The Company’s Next Man Up”.             for grooming “The Company’s Next Man Up.” For a
      Lebih rinci tentang Career Studio dapat dilihat pada         comprehensive insight into the Career Studio, please
      bagian Sumber Daya Manusia bab Profil Perusahaan             refer to the Human Capital section of the Company
      di halaman 62-63 Laporan Tahunan ini.                        Profile chapter on page 62-63 in this Annual Report.


      Prosedur Remunerasi Direksi                                  Directors’ Remuneration Procedure
      [SEOJK 2.g.4.b]
      Penetapan remunerasi Direksi merupakan kewenangan            The responsibility for determining Directors’
      RUPS yang telah dilimpahkan kepada BOC. Di dalam             remuneration lies with the GMS, a duty that has been
      praktiknya, NRC akan memberikan rekomendasi                  delegated to the BOC. Functionally, the NRC will
      kepada BOC sesuai dengan penilaian kinerja Direksi.          provide recommendations to the BOC based on the
      [SEOJK 2.g.4.b (1)] [ACGS E.5.5]                             Directors’ performance evaluations.

      Proses Penilaian kinerja anggota Direksi dilakukan           The performance assessment of the Directors’
      setiap tahun dan dilakukan secara 2 (dua) arah:              members is an annual process that is conducted in
      penilaian mandiri (self-assessment) dan evaluasi oleh        two ways: self-assessment and evaluation by the NRC.
      NRC. Secara detil indikator evaluasi kinerja Direksi         For a comprehensive breakdown of the performance
      dapat dibaca pada halaman 150-151 Laporan Tahunan            evaluation criteria for the Directors, please refer to page
      ini. [ACGS E.5.6]                                            150-151 of this Annual Report.

      Prosedur Remunerasi BOC [SEOJK 2.g.4.b]                      BOC Remuneration Procedure
      Remunerasi BOC dilakukan oleh RUPS berdasarkan               BOC remuneration is determined by the GMS using the
      laporan kinerja BOC. Kriteria penilaian yang                 BOC performance report as a basis. The assessment
      digunakan adalah laporan pelaksanaan kinerja BOC             criteria employed include the BOC performance
      yang dipertanggungjawabkan dalam RUPST. Melalui              implementation report, which was reviewed during the
      laporan tersebut pemegang saham melakukan                    AGMS. This report enables shareholders to assess the
      penilaian terhadap kinerja BOC selama tahun buku             BOC’s performance in the current fiscal year.
      berjalan. [SEOJK 2.g.4.b (1)] [ACGS E.5.5]

      BOC melalui NRC telah melakukan evaluasi kembali             The BOC through the NRC has recently reviewed the
      atas formulir yang dipergunakan untuk pelaksanaan            form utilized for conducting performance evaluations
      evaluasi kinerja dan penyesuaian fokus area untuk            of the BOC and the Directors members. This evaluation
      anggota BOC dan Direksi, yang mana penilaian kinerja         process was conducted in two ways namely self-
      dilakukan 2 (dua) arah yakni penilaian diri sendiri (self-   assessment and evaluation by the NRC. Included in
      assessment) dan evaluasi oleh NRC. Termasuk di               the BOC members performance evaluation indicators
      dalam indikator evaluasi kinerja anggota BOC adalah          is the supervisory function of the Directors:




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PT Duta Pertiwi Tbk                                                   Corporate Governance




fungsi pengawasan terhadap Direksi atas: [ACGS E.5.6]
a. Fokus Area Keuangan;                                 a. Finance Area Focus;
b. Fokus Area Kemitraan Strategis;                      b. Strategic Partnership Area Focus;
c. Fokus Area Indeks Produktivitas;                     c. Productivity Index Area Focus;
d. Fokus Area Pengembangan Talenta; dan                 d. Talent Development Program Area Focus; and
e. Fokus Area Penempatan Sumber Daya Manusia.           e. Manpower Fulfillment Area Focus




Remunerasi Direksi dan BOC                              Directors and BOC Remuneration
[SEOJK 2.g.4.b (2) & (3)] [ACGS D.3.3]
Pada tahun 2023 dan 2022, total remunerasi yang         In 2023 and 2022, the total remuneration provided
diberikan kepada BOC dan Direksi masing-masing          to the BOC and the Directors amounted to IDR13.91
adalah sebesar Rp13,91 miliar dan Rp10,01 miliar.       billion and IDR10.01 billion, respectively.




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      AUDIT COMMITTEE
      [SEOJK 2.g.6] [ACGS E.2.18]




      BOC telah membentuk Komite Audit untuk                    The BOC has instituted an Audit oversee the sufficiency
      memastikan kecukupan dan integritas pengendalian          and integrity of internal controls, implementation
      internal, terlaksananya fungsi audit internal dan audit   of good internal audit and external audit functions
      eksternal yang baik dengan standar profesional,           in line with professional standards and to ensure the
      serta memastikan Perusahaan patuh terhadap                Company’s adhere to all pertinent regulations and
      semua peraturan dan ketentuan yang relevan bagi           provisions.
      Perusahaan.

      Komite Audit telah memiliki Piagam Komite Audit yang      The Audit Committee has an Audit Committee Charter,
      telah ditetapkan oleh BOC pada tanggal 12 November        initially approved by the BOC on November 12th, 2013
      2013 dan direvisi pada 29 April 2016. Piagam ini telah    and subsequently revised on April 29th, 2016. This
      mengacu pada POJK No.55 tanggal 23 Desember 2015          charter aligns with POJK No.55 dated December 23rd,
      tentang Pembentukan dan Pedoman Pelaksanaan               2015, which outlines the framework and guidelines for
      Kerja Komite Audit. Komite Audit melaksanakan             the Audit Committee’s functions. The Audit Committee
      kegiatannya dengan berlandaskan pada Piagam               conducted its activities based on the Audit Committee
      Komite Audit. [ACGS E.2.21]                               Charter.


      Struktur dan Keanggotaan [ACGS E.2.21]                    Structure and Composition
      Komite Audit setidak-tidaknya beranggotakan 3 (tiga)      The Audit Committee is mandated to comprise a
      orang, yang terdiri dari 1 (satu) Komisaris Independen    minimum of three (3) individuals, consisting of 1 (one)
      sebagai Ketua dan 2 (dua) anggota independen.             Independent Commissioner as Chairwoman and 2
                                                                (two) independent members.

      Anggota Komite Audit diangkat dan diberhentikan           Members of the Audit Committee were appointed and
      oleh BOC untuk masa jabatan yang tidak lebih lama         dismissed by the BOC for a term of office no longer
      dari masa jabatan BOC.                                    than the term of office of the BOC.

      Susunan Komite Audit Perusahaan telah dilaporkan          The Company’s composition of Audit Committee had
      pada RUPST tanggal 14 Juni 2022 untuk masa jabatan        been notified to the AGMS on June 14th, 2022 for a
      sampai dengan penutupan RUPST tahun 2024, dengan          term of office until with the closing of the AGMS in
      susunan sebagai berikut:                                  2024 with arrangement as follows:



      Susiyati Bambang Hirawan            Ketua Chairwoman

      Rusli Prakarsa                      Anggota Members

      Rudiantara                          Anggota Members




      Pada tahun ini tidak ada perubahan pada susunan           There were no changes in the composition of the
      Komite Audit. Berikut adalah profil dari anggota          Audit Committee this year. The following is the profiles
      Komite Audit.                                             of the members of Audit Committee.




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PT Duta Pertiwi Tbk                                                            Corporate Governance




                                               Masa Jabatan – Serving period

                                                                                                           2020 – 2024

                                               Dasar Hukum Pengangkatan – Legal Basis of Appointment

                                                       Surat Keputusan Dewan Komisaris tanggal 7 Juni 2022 dan telah
                                                                         dilaporkan pada RUPST tanggal 14 Juni 2022
                                                        Decree of the BOC dated June 7th, 2022 and had been informed
                                                                                      to the AGMS on June 14th, 2022

                                               Menjabat Sejak – Served Since

                                                                                                                 2013

                                               Pernyataan Independensi – Statement of Independence [SEOJK 2.g.6.g]

                                                                 Telah diperbaharui pada tahun 2023 Renewed in 2023

Susiyati Bambang Hirawan                       Profil lengkap beliau dapat dilihat pada Profil BOC di Laporan Tahunan
Komisaris Independen                           ini halaman 60-61.
dan Ketua Komite Audit [ACGS E.2.20]           Her complete profile can be found on the Profile of the BOC of this
Independent Commissioner and                   Annual Report page 60-61.
Chairwoman of the Audit Committee




Masa Jabatan – Serving period

                                                           2022 – 2024

Dasar Hukum Pengangkatan – Legal Basis of Appointment


        Surat Keputusan Dewan Komisaris tanggal 7 Juni 2022 dan telah
                          dilaporkan pada RUPST tanggal 14 Juni 2022
         Decree of the BOC dated June 7th, 2022 and had been informed
                                        o the AGMS on June 14th, 2022


Menjabat Sejak – Served Since

                                                                   2015

Pernyataan Independensi – Statement of Independence [SEOJK 2.g.6.g]

                  Telah diperbaharui pada tahun 2023 Renewed in 2023

Kewarganegaraan – Citizenship                                                                           Rusli Prakarsa
                                                                                                 Anggota Komite Audit
                                                                                            Member of Audit Committee
                                                   Indonesia Indonesian

Usia – Age

                                                  82 tahun 82 years old

Riwayat Pendidikan – Education [ACGS E.2.22]


 Sarjana Ekonomi, Jurusan Akuntansi, Universitas Sumatera Utara (1969)
       Bachelor of Economics, Accounting Faculty, University of Northern
                                                       Sumatera (1969)




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      Pengalaman Profesional – Professional Experience
                                                                  –   Wakil Presiden Komisaris PT Bank Panin (1975 - 1999)
                                                                      Vice President Commissioner of PT Bank Panin (1975 -
      –   Anggota Komite Audit PT Lontar Papyrus Pulp and             1999)
          Paper Industry (2013 - 2015)                            –   Staf Umum Bagian Kredit Investasi Bank Indonesia
          Member of the Audit Committee of PT Lontar Papyrus          (1971 - 1974)
          Pulp and Paper Industry (2013 - 2015)                       General Staff of Investment Credit Section of Bank
      –   Anggota Komite Audit PT Pindo Deli Pulp and Paper           Indonesia (1971 - 1974)
          Mills (2013 - 2015)
          Member of the Audit Committee of PT Pindo Deli Pulp
          and Paper Mills (2013 - 2015)                           Rangkap Jabatan – Concurrent Position
      –   Anggota Komite Audit PT Pabrik Kertas Tjiwi Kimia Tbk
          (2002 - 2013)
          Member of the Audit Committee of PT Pabrik Kertas
                                                                  –   Anggota Komite Audit PT Bank Sinarmas Tbk (sejak
          Tjiwi Kimia Tbk (2002 - 2013)
                                                                      2015)
      –   Anggota Komite Audit PT Indah Kiat Pulp and Paper
                                                                      Member of the Audit Committee of PT Bank Sinarmas
          Tbk (2002 - 2013)
                                                                      Tbk (since 2015)
          Member of the Audit Committee of PT Indah Kiat Pulp
                                                                  –   Anggota Komite Audit PT Smartfren Telecom Tbk
          and Paper Tbk (2002 - 2013)
                                                                      (sejak 2016)
      –   Anggota Komite Audit PT SMART Tbk (2002 - 2010)
                                                                      Member of the Audit Committee of PT Smartfren
          Member of the Audit Committee of PT SMART Tbk
                                                                      Telecom Tbk (since 2016)
          (2002 - 2010)
                                                                  –   Anggota Komite Audit PT Puradelta Lestari Tbk (sejak
      –   Ketua Tim Pengelola PT Bank International Indonesia
                                                                      2015)
          (2002 - 2003)
                                                                      Member of the Audit Committee of PT Puradelta Lestari
          Chairman of PT Bank International Indonesia
                                                                      Tbk (since 2015)
          Management Team (2002 - 2003)
                                                                  –   Anggota Komite Audit PT Bumi Serpong Damai Tbk
      –   Presiden Komisaris PT Bank International Indonesia
                                                                      (sejak 2015)
          (2000 - 2002)
                                                                      Member of the Audit Committee of PT Bumi Serpong
          President Commissioner of PT Bank International
                                                                      Damai Tbk (since 2015)
          Indonesia (2000 - 2002)




                                                    Masa Jabatan – Serving period

                                                                                                               2020 – 2024

                                                    Dasar Hukum Pengangkatan – Legal Basis of Appointment

                                                            Surat Keputusan Dewan Komisaris tanggal 7 Juni 2022 dan telah
                                                                              dilaporkan pada RUPST tanggal 14 Juni 2022
                                                             Decree of the BOC dated June 7th, 2022 and had been informed
                                                                                           to the AGMS on June 14th, 2022

                                                    Menjabat Sejak – Served Since

                                                                                                                      2021

                                                    Pernyataan Independensi – Statement of Independence [SEOJK 2.g.6.g]

                                                                      Telah diperbaharui pada tahun 2023 Renewed in 2023

                                                    Kewarganegaraan – Citizenship

                                                                                                      Indonesia Indonesian
      Rudiantara
      Anggota Komite Audit                          Usia – Age
      Member of Audit Committee
                                                                                                      64 tahun 64 years old




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PT Duta Pertiwi Tbk                                                              Corporate Governance




Riwayat Pendidikan – Education
                                                                –   Komisaris PT Indosat Ooredo Hutchison Tbk
–   Master of Business Administration, PPM (1988)                   Commissioner of PT Indosat Ooredo Hutchison Tbk
–   Sarjana Statistika dari Universitas Padjadjaran (1984)      –   Komisaris Utama PT Semen Indonesia Group Tbk
    Bachelor of Statistics from Padjadjaran University (1984)       President Commissioner of PT Semen Indonesia
                                                                    Group Tbk
Pengalaman Profesional – Professional Experience                –   Komisaris PT Vale Indonesia Tbk
                                                                    Commissioner of PT Vale Indonesia Tbk
–   Menteri Komunikasi dan Informatika Republik                 –   Komisaris Utama PT Rukun Raharja Tbk
    Indonesia (2014 – 2019)                                         President Commissioner of PT Rukun Raharja Tbk
    Minister of Communication and Information of the            –   Komisaris Utama PT Solusi Sinergi Digital Tbk
    Republic of Indonesia (2014 – 2019)                             President Commissioner of PT Solusi Sinergi Digital Tbk
–   Komisaris/Direktur dan Ketua Komite Audit pada              –   Advisor pada beberapa perusahaan start-up bidang
    perusahaan telekomunikasi (seluler) di PT Indosat               teknologi, bidang Financial Technology serta bidang
    Ooredo Tbk, PT Telkomsel, PT Telekomunikasi                     supply chain produk pertanian
    Indonesia Tbk dan PT XL Axiata Tbk (1995 – 2014)                Advisor to several startup technology companies,
    Commissioner/Director and Chairman of Audit                     the Financial Technology field and agricultural product
    Committee in cellular telecommunications companies              supply chain.
    namely PT Indosat Ooredo Tbk, PT Telkomsel,                 –   Anggota Asosiasi FinTech Indonesia (AFTECH)
    PT Telekomunikasi Indonesia Tbk and PT XL Axiata Tbk            Member of Indonesia FinTech Association (AFTECH)
    (1995 – 2014)                                               –   Anggota Indonesia FinTech Society (IFSOC)
–   Wakil Direktur Utama PT Semen Gresik Tbk (Persero)              Member of Indonesia FinTech Society (IFSOC)
    Deputy President Director of PT Semen Gresik Tbk            –   Pengurus Asosiasi eCommerce Indonesia (iDea) Ketua
    (Persero)                                                       Dewan Masjid Indonesia
–   Wakil Direktur Utama PT PLN (Persero)                           Management of Indonesian eCommerce Association
    Deputy President Director of PT PLN (Persero)                   (iDea)
–   Ketua Majelis Wali Amanat Universitas Padjadjaran           –   Pembina pada Indonesian Institute for Corporate
    (2015 – 2020)                                                   Directorship (IICD)
    Chairman of the Board of Trustees of Padjadjaran                Coach at the Indonesian Institute for Corporate
    University (2015 – 2020)                                        Directorship (IICD)
                                                                –   Pembina pada beberapa yayasan pendidikan di
Rangkap Jabatan – Concurrent Position                               Indonesia
                                                                    Coach at several educational foundations in Indonesia
–   Anggota Komite Audit PT Bumi Serpong Damai Tbk              –   Salah satu Ketua pada Dewan Masjid Indonesia
    (2021 – sekarang)                                               One of the Chairs of the Indonesian Mosque Council
    Member of the Audit Committee of PT Bumi Serpong
    Damai Tbk (2021 – present)




Pernyataan Independensi                                         Statement of Independence
Komite Audit memiliki komitmen untuk melaksanakan               The Audit Committee is dedicated to executing its
tugas dan tanggung jawabnya secara independen                   duties and responsibilities with independence and
dan objektif. Untuk memastikan hal tersebut, Ketua              objectivity. To ensure this, the Chair of the Audit
Komite Audit adalah salah satu Komisaris Independen             Committee is one of the Company’s Independent
Perusahaan [ACGS E.2.20], sementara dua anggota                 Commissioners, while the other two members consist
lainnya adalah pihak eksternal independen.                      of independent external parties.
[ACGS E.2.19]


Setiap anggota Komite Audit telah menandatangani                Each member of the Audit Committee reaffirms
surat    pernyataan    independensi      pada      saat         their independence regularly by signing an updated
pengangkatannya sebagai anggota komite dan juga                 statement of independence annually.
telah dimutakhirkan setiap tahunnya. [SEOJK 2.g.6.g]




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      Uraian Pernyataan Independensi                Description of Statement of Independence         SBH         RP           R


      Bukan merupakan orang yang bekerja pada       Has not worked for a KAP, Legal
      KAP, Kantor Konsultan Hukum, Kantor Jasa      Consultant Office, Public Appraiser Office
      Penilai Publik atau pihak lain yang memberi   or any other party providing assurance,
      jasa assurance, jasa non-assurance, jasa      non - assurance, appraisal and/or other           √           √           √
      penilai dan/atau jasa konsultasi lain pada    consulting services to the Company
      Perusahaan dalam waktu enam bulan terakhir.   within the last six months.


      Bukan merupakan orang yang bekerja            Is not a person who worked or had the
      atau mempunyai wewenang dan tanggung          authority and responsibility to plan, lead,
      jawab untuk merencanakan, memimpin,           control or supervise the activities of the
      mengendalikan, atau mengawasi kegiatan        Company in the last six months, except            √           √           √
      Perusahaan dalam waktu enam bulan terakhir,   for Independent Commissioners.
      kecuali Komisaris Independen.


      Tidak mempunyai saham langsung maupun         Does not own direct or indirect shares in
      tidak langsung dengan Perusahaan.             the Company.                                      √           √           √


      Tidak mempunyai hubungan afiliasi dengan      Has no affiliated relationship with
      anggota BOC, anggota Direksi lain maupun      members of the BOC, members of
      Pemegang Saham utama Perusahaan.              the Directors’ or the Company’s major
                                                                                                      √           √           √
                                                    shareholders.


      Tidak mempunyai hubungan usaha baik           Does not have direct or indirect business
      langsung maupun tidak langsung yang           relationships with the Company business           √           √           √
      berkaitan dengan kegiatan usaha Perusahaan.   activities.


                                                    Catatan Notes : SBH : Susiyati Bambang Hirawan RP : Rusli Prakarsa R : Rudiantara




      Tugas dan Tanggung Jawab                                        Duties and Responsibilities
      Piagam Komite Audit mengatur tugas dan tanggung                 The Charter for the Audit Committee stipulates the duties
      jawab Komite Audit sebagai berikut:                             and responsibilities of the Audit Committee as follows:
      a. Menelaah isu-isu signifikan di dalam pelaporan               a. Reviewing significant financial reporting issues
         dan pertimbangan keuangan untuk memastikan                      and judgments so as to ensure the integrity of
         integritas laporan keuangan Perusahaan dan                      the financial statements of the Company and any
         pengumuman resmi terkait dengan kinerja                         formal announcements relating to the Company’s
         keuangan Perusahaan.                                            financial performance.
      b. Menelaah dan melapor kepada BOC setahun sekali               b. Reviewing and reporting to the BOC at least annually
         terkait kecukupan dan efektivitas pengendalian                  the adequacy and effectiveness of the Company’s
         internal Perusahaan, termasuk pengendalian                      internal controls, including financial, operational,
         keuangan, operasional, kepatuhan dan teknologi                  compliance and information technology controls
         informasi (penelaahan dapat dilakukan secara                    (such review can be carried out internally or with
         internal atau dengan bantuan pihak ketiga yang                  the assistance of any competent third parties).
         kompeten).
      c. Menelaah efektivitas fungsi audit internal                   c. Reviewing the effectiveness of the Company’s
         Perusahaan.                                                     internal audit function.
      d. Menelaah ruang lingkup dan hasil audit eksternal,            d. Reviewing the scope and results of the external
         independensi dan obyektivitas auditor eksternal.                audit, and the independence and objectivity of the
                                                                         external auditors.
      e. Membuat rekomendasi kepada BOC terkait usul                  e. Making recommendations to the BOC on the
         kepada pemegang saham untuk penunjukan,                         proposals to the shareholders on appointment,
         penunjukkan ulang, dan pemberhentian auditor                    re-appointment and dismissal of the external
         eksternal, serta menyetujui remunerasi serta                    auditors, and approving the remuneration and
         periode penugasan auditor eksternal.                            terms of engagement of the external auditors.
         [ACGS E.2.24]




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PT Duta Pertiwi Tbk                                                                   Corporate Governance




Rapat [SEOJK 2.g.6.i]                                              Meetings
Piagam Komite Audit mewajibkan pelaksanaan rapat                   The Audit Committee Charter stipulate that the
Komite Audit setidaknya 1 (satu) kali dalam 3 (tiga)               Audit Committee Meeting is at least 1 (one) time in
bulan. Rapat dapat menghasilkan rekomendasi-                       3 (three) months. The meeting shall only generate
rekomendasi yang dapat dipertimbangkan oleh BOC                    recommendations accepted by the BOC and the
dan Direksi apabila lebih dari ½ (satu per dua) bagian             Directors if more than half of the members are present
anggota Komite hadir.                                              in the meeting.

Sepanjang tahun 2023, Komite Audit telah                           During 2023, the Audit Committee held 6 (six)
menyelenggarakan 6 (enam) rapat [ACGS E.2.23] dengan               meetings with the following agenda and attendance:
agenda dan kehadiran sebagai berikut:



     Tanggal                 Agenda Pembahasan
                                                                                                  SBH           RP     R
     Date                    Discussion Agenda



1.   25 Januari              Penelaahan Laporan Internal Audit untuk periode Oktober
     January                 sampai dengan Desember 2022
                                                                                                   √            √      √
                             To review the Internal Audit’s Report for the period of October
                             through December 2022


2.   16 Februari             Penelaahan Laporan Keuangan Perusahaan yang berakhir
     February                pada 31 Desember 2022 yang disampaikan oleh KAP
                                                                                                   √            √      √
                             To review the Company’s Financial Statements for the period
                             ended on December 31st, 2022


3.   8 Mei                   Penelaahann Laporan Internal Audit untuk periode Januari
     May                     sampai dengan Maret 2023
                                                                                                   √            √      √
                             To review the Internal Audit’s Report for the period of January
                             through March 2023


4.   25 Juli                 Penelaahan Laporan Internal Audit untuk periode April
     July                    sampai Juni 2023
                                                                                                   √            √      √
                             To review the Internal Audit’s Report for the period of April
                             through June 2023


5.   26 Oktober              Penelaahan Laporan Internal Audit untuk periode Juli sampai
     October                 September 2023
                                                                                                   √            √      √
                             To review the Internal Audit’s Report for the period of July
                             through September 2023


6.   30 November             Penelaahan Laporan Keuangan Perusahaan yang berakhir
                             pada 30 September 2023 dan Persiapan Audit Laporan
                             Keuangan Tahunan periode 31 Desember 2023 oleh KAP

                             To review the Company’s Financial Statements for the period           √            √      √
                             ended on September 30th, 2023 and the External Auditor’s
                             Planning of Audited Financial Statement ended December
                             31st, 2023

                                                        Jumlah Kehadiran Total Attendance          6            6      6
                                                               Jumlah Rapat Total Meeting          6            6      6
                                                        Tingkat Kehadiran Attendance Rate        100%          100%   100%

Catatan Notes : SBH : Susiyati Bambang Hirawan RP : Rusli Prakarsa R : Rudiantara




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                                                                                                             PT Duta Pertiwi Tbk




      Program Pengembangan Kompetensi [SEOJK 2.g.6.h]                   Competency DevelopmentPrograms
      Berdasarkan Piagam Komite Audit, setiap anggota                   Based on the Charter for the Audit Committee, each
      Komite Audit wajib meningkatkan kompetensi                        member of the Audit Committee was obliged to
      melalui pendidikan dan pelatihan secara terus                     improve competency through continuous education
      menerus, memahami peraturan dan standar terbaru.                  and training, understanding the latest regulations and
                                                                        standards.

      Pada tahun 2023, pelatihan yang telah diikuti oleh                During 2023, trainings attended by members of the
      anggota Komite Audit adalah sebagai berikut:                      Audit Committee are as follows:


                                                                                                                         Pelaksana
      Nama              Topik                                                       Tanggal                  Tempat
                                                                                                                         Provider/
      Name              Subject                                                     Date                      Venue
                                                                                                                         Facilitator


      Susiyati
                        Program pengembangan beliau dapat dibaca pada Program Pengembangan BOC halaman 150 Laporan Tahunan.
      Bambang           Her competency development programs can be found on BOC Development Program page 150 in this Annual Report.
      Hirawan




      Laporan Ringkas Kegiatan Tahun 2023                               Brief Report on Activities in 2023
      [SEOJK 2.g.6.j]
      Selama tahun buku 2023, Komite Audit telah                        During the fiscal year 2023, the Audit Committee had
      melaksanakan tugas dan tanggung jawabnya                          carried out its duties and responsibilities as stipulated
      sebagaimana yang tercantum dalam Piagam Komite                    in the Charter of the Audit Committee by doing the
      Audit melalui kegiatan-kegiatan, antara lain:                     activities such as:

      1. Bersama Direksi menelaah Laporan Keuangan                      1. Review the Company’s Quarterly Financial
         Triwulan Perusahaan serta Anggaran Tahunan                        Statements and the Company’s Annual Budget
         Perusahaan.                                                       with the Directors.
      2. Rapat triwulanan dengan Internal Audit Perusahaan              2. Quarterly meetings with the Company’s Internal
         untuk membahas langkah-langkah peningkatan                        Audit to discuss steps in improving internal
         pengawasan internal.                                              monitoring.
      3. Menyampaikan rekomendasi kepada BOC agar                       3. Submitted its recommendations to the BOC
         Laporan Keuangan Konsolidasian Perusahaan                         to accept and report the audited Company’s
         yang telah diaudit untuk tahun buku 2022 dapat                    Consolidated Financial Statements for the financial
         diterima dan dilaporkan dalam Laporan Tahunan                     year 2022 in the 2022 Annual Report of the
         Perusahaan tahun 2022.                                            Company.
      4. Rapat dengan Auditor Eksternal dan Direksi untuk               4. Meetings with External Auditor and the Directors
         membahas Laporan Keuangan Konsolidasian                           to discuss the Company’s audited Consolidated
         Perusahaan yang telah diaudit periode 30                          Financial Statements for the period ending
         September 2023 dan persiapan audit Laporan                        September 30th, 2023 and preparation of the audit
         Keuangan Tahunan untuk tahun buku yang berakhir                   of Annual Financial Statements for the financial
         pada 31 Desember 2023 sesuai dengan peraturan                     year ending December 31st, 2023, in accordance
         berlaku.                                                          with the applicable regulations.
      5. Melakukan kunjungan kerja ke Semarang pada                     5. Had work visit to Semarang on August 9th - 10th,
         tanggal 9 - 11 Agustus guna mendapatkan                           to gain clearer and more complete picture on the
         gambaran yang lebih nyata dan menyeluruh                          operational activities and challenges that are faced
         mengenai kegiatan operasioanal dan tantangan                      by the project.
         yang dihadapi oleh proyek.




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PT Duta Pertiwi Tbk                                                       Corporate Governance




NOMINATION AND REMUNERATION COMMITTEE
[SEOJK 2.g.7] [ACGS E.2.8] [ACGS E.2.13]




BOC telah membentuk Komite Nominasi dan                  BOC has instituted a Nomination and Remuneration
Remunerasi (NRC) untuk membantu melaksanakan             Committee (NRC) to facilitate the professional and
proses nominasi dan remunerasi secara profesional        independent execution of the nomination and
dan independen.                                          remuneration procedures.

NRC telah memiliki Piagam Komite Nominasi dan            NRC has already had the Nomination and Remuneration
Remunerasi yang telah ditetapkan dengan surat            Committee Charter stipulated in the letter No.001/
No.001/BOC/DP/X/2016 tanggal 5 Oktober 2016              BOC/DP/X/2016 dated October 5th, 2016, regarding
tentang Piagam NRC dan telah melaksanakan                the Charter of the NRC and carries out their activities as
kegiatannya berdasarkan ketentuan dalam Piagam           stipulated in the Charter. The NRC charter aligns with
tersebut. Piagam NRC tersebut telah mengakomodir         the provisions outlined in POJK No.34/POJK.04/2014
perihal-perihal yang diatur dalam POJK No.34/            regarding Nomination and Remuneration Committee
POJK.04/2014 tentang Komite Nominasi dan                 of Issuers and Public Companies.
Remunerasi Emiten dan Perusahaan Publik.
[ACGS E.2.11] [ACGS E.2.16]



Struktur dan Keanggotaan [ACGS E.2.11]                   Structure and Composition
Keanggotaan NRC paling kurang terdiri dari 3 (tiga)      The NRC membership is mandated to comprise
orang yang terdiri dari 1 (satu) orang Ketua yang juga   a minimum of three (3) individuals, namely one (1)
merupakan Komisaris Independen Perusahaan [ACGS          Chairman, who concurrently serves as an Independent
E.2.10] dan 2 (dua) orang anggota lainnya, yang dapat    Commissioner of the Company, and two (2) additional
berasal dari anggota BOC dan pihak yang berasal          members. These members can be selected from the
dari dalam maupun luar Perusahaan atau pihak yang        BOC or from internal or external parties, including
menduduki jabatan manajerial di bawah Direksi yang       individuals holding managerial roles reporting to the
membawahi sumber daya manusia.                           Directors overseeing human resources.

Untuk anggota yang berasal dari luar Perusahaan,         Individuals who are external to the Company are not
individu yang bersangkutan tidak merangkap jabatan       permitted to hold simultaneous membership on other
sebagai anggota komite lainnya dalam Perusahaan.         committees within the organization. The tenure of
Masa jabatan anggota NRC tidak lebih lama dari           members of the NRC should not surpass the term of
masa jabatan BOC dengan masa kerja 5 (lima) tahun        the BOC, which is outlined as five years in the AoA.
sebagaimana yang diatur dalam AD.

Susunan NRC per tanggal 31 Desember 2023 adalah          The composition of the NRC as of December 31st,
sebagai berikut:                                         2023, stands as follows:




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                                                                                             PT Duta Pertiwi Tbk




      Nama               Posisi          Jabatan                           Masa Jabatan         Profil [SEOJK 2.g.7.a-e]
      Name               Position        Title                             Terms of Office      Profiles


                                         Komisaris Independen dan Ketua
                                         Komite Nominasi dan Remunerasi                         Halaman 58-59
                         Ketua           [ACGS E.2.10] [ACGS E.2.15]                            Laporan Tahunan ini.
      Teddy Pawitra      Chairman        Independent Commissioner and                           Pages 58-59 of this
                                         Chairman of the Nomination and                         Annual Report.
                                         Remuneration Committee


                                                                                                Halaman 56 Laporan
                                         Komisaris Utama                   2020 - 2024          Tahunan ini.
      Muktar Widjaja
                                         President Commissioner                                 Pages 56 of this
                                                                                                Annual Report.
                         Anggota
                         Member
                                                                                                Halaman 57 Laporan
      Fransciscus                        Wakil Komisaris Utama                                  Tahunan ini.
      Xaverius RD.                       Vice President Commissioner                            Pages 57 of this
                                                                                                Annual Report.




      Pernyataan Independensi [SEOJK 2.g.7.g]                 Statement of Independence
      Perusahaan tidak memiliki pernyataan independensi       The Company does not have a statement of
      dari anggota NRC, selain daripada yang telah            independence from the members of the NRC,
      ditandatangani oleh Komisaris Independen. Akan          beyond what has been endorsed by the Independent
      tetapi, setiap anggota wajib patuh kepada Kode          Commissioner. Nevertheless, each member is required
      Etik Perusahaan dan memiliki komitmen yang              to adhere to the Company’s Code of Conduct,
      kuat untuk memberikan pandangan dan penilaian           demonstrating a dedicated commitment to offering
      yang objektif di dalam melakukan penilaian kinerja      impartial perspectives and evaluations during
      maupun memberikan rekomendasi terkait nominasi          performance assessments, as well as when making
      dan remunerasi anggota Direksi dan BOC.                 recommendations concerning the nomination and
                                                              remuneration of the members of the Directors and BOC.


      Tugas dan Tanggung Jawab [SEOJK 2.g.7.i]                Duties and Responsibilities
      Sebagaimana yang diatur dalam Piagam NRC, tugas         As stipulated in the Charter of the NRC, the duties and
      dan fungsi Komite di bidang Nominasi antara lain        functions of the Committee in the Nomination area are
      sebagai berikut:                                        as follows:

      a. Memberikan rekomendasi kepada BOC mengenai           a. To provide recommendations to the BOC on
         kebijakan dan kriteria yang dibutuhkan dalam            policies and criteria required in the nomination
         proses nominasi dan kebijakan evaluasi kinerja          process and performance evaluation policies for
         bagi anggota Direksi dan/atau anggota BOC serta         members of the Directors and/or other members
         rekomendasi komposisi jabatan anggota Direksi           of the BOC as well as recommendations for the
         dan/atau anggota BOC yang disesuaikan dengan            composition of the positions of members of the
         skala usaha Perusahaan;                                 Directors and/or BOC in accordance with the scale
                                                                 of the Company’s business;
      b. Membantu BOC melakukan penilaian kinerja             b. To assist the BOC in assessing the performance
         anggota    Direksi   dan/atau    anggota     BOC        of members of the Directors and/or BOC based
         berdasarkan tolak ukur yang telah disusun sebagai       on the benchmarks that have been prepared as
         bahan evaluasi;                                         evaluation material;
      c. Memberikan usulan calon yang memenuhi syarat         c. To provide proposals for qualified candidates as
         sebagai anggota Direksi dan/atau anggota BOC            members of the Directors and/or members of the
         kepada BOC untuk disampaikan kepada RUPS; dan           BOC to the BOC to be submitted to the GMS; and




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PT Duta Pertiwi Tbk                                                              Corporate Governance




d. Memberikan rekomendasi kepada BOC mengenai                 d. To provide recommendations to the BOC regarding
   program pengembangan kemampuan anggota                        competency development programs for members
   Direksi dan/atau anggota BOC.                                 of the Directors and/or members of the BOC.

Di bidang Remunerasi, tugas dan fungsi Komite                 In the field of Remuneration, the duties and functions
sebagaimana yang diatur dalam Piagam NRC, antara              of the Committee as stipulated in the Charter of the
lain sebagai berikut:                                         NRC, include the following:
a. Memberikan rekomendasi kepada BOC mengenai                 a. To give recommendations to the BOC regarding
    struktur, kebijakan dan besaran atas remunerasi;              the structure, policy and amount of remuneration;
b. Membantu BOC melakukan penilaian kinerja                   b. To assist the BOC in assessing performance with the
    dengan kesesuaian remunerasi yang diterima                    suitability of remuneration received by members of
    masing-masing anggota Direksi dan/atau anggota                the Directors and/or members of the BOC;
    BOC;
c. Membantu BOC dalam menyusun struktur                       c. To assist the BOC in preparing the remuneration
    remunerasi      dan   memberikan       rekomendasi           structure and provide recommendations regarding
    mengenai kebijakan atas remunerasi bagi anggota              the policy on remuneration for members of the
    Direksi dan/atau anggota BOC untuk disampaikan               Directors and/or members of the BOC to be
    kepada RUPS; dan                                             submitted to the GMS; and
d. Membantu BOC dalam menyusun besaran atas                   d. To assist the BOC on setting up the amount of
    Remunerasi bagi anggota Direksi dan/atau                     Remuneration for members of the Directors and/or
    anggota BOC.                                                 members of the BOC.


Rapat [SEOJK 2.g.7.k]                                         Meetings
NRC wajib menyelenggarakan rapat setidaknya                   NRC is obliged to hold meetings at least once every 4
1 (satu) kali dalam 4 (empat) bulan. Rapat dapat              (four) months. Meetings can result in recommendations
menghasilkan rekomendasi-rekomendasi yang dapat               that can be considered if more than ½ (one half) of the
dipertimbangkan apabila lebih dari ½ (satu per dua)           committee members are present.
bagian anggota Komite hadir.

Sepanjang tahun 2023, NRC menyelenggarakan 3                  Throughout 2023, the NRC has held 3 (three) meetings
(tiga) rapat dengan agenda pembahasan dan tingkat             with the following discussion agendas and attendance
kehadiran sebagai berikut: [ACGS E.2.12] [ACGS E.2.17]        record:



     Tanggal            Agenda Pembahasan
                                                                                              TP          MW      TM
     Date               Discussion Agenda


                        Pembahasan User Manual Key Performance Indicator dengan
     2 Februari         menggunakan aplikasi berbasis web
1.
     February           Discussion of User Manual Key Performance Indicator by web-
                                                                                              √            √      √
                        based application

                        Persetujuan Digitalisasi Performance Management System
     25 Juli            BOC dan Direksi
2.
     July               Approval of the Digitalization of Performance Management
                                                                                              √            √      √
                        System by the BOC and the Directors

                        Pembahasan hasil self-assessment kinerja anggota BOC dan
     13 Oktober         Direksi tahun 2022
3.
     October            Discussion of the result on the self-assessment performance of
                                                                                              √            √      √
                        the members of the BOC and Directors for 2022
Catatan Notes :
TP    : Teddy Pawitra                              Jumlah Kehadiran Total Attendance          3            3      3
MW : Muktar Widjaja
                                                           Jumlah Rapat Total Meeting         3            3      3
TM    : Teky Mailoa
                                                   Tingkat Kehadiran Attendance Rate        100%          100%   100%




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                                                                                          PT Duta Pertiwi Tbk




      Program Pengembangan Kompetensi                       Competency Development Programs
      [SEOJK 2.g.7.h]
      Berdasarkan Piagam NRC, setiap anggota NRC            Based on the NRC Charter, every NRC member was
      wajib meningkatkan kompetensi melalui pendidikan      mandated to enhance their competency through
      dan pelatihan secara terus menerus, memahami          ongoing education and training, ensuring a thorough
      peraturan dan standar terbaru.                        understanding of the most recent regulations and
                                                            standards.

      Rincian program pengembangan yang diikuti             Please refer to the Board of Commissioners section
      sepanjang tahun 2023 dapat dilihat pada Bagian        in the Corporate Governance Chapter on page 150
      Dewan Komisaris pada Bab Tata Kelola Perusahaan       of this Annual Report regarding the details of the
      halaman 150 dari Laporan Tahunan ini.                 development programs attended in 2023:


      Laporan Ringkas Kegiatan Tahun 2023                   Brief Report on Activities in 2023
      [SEOJK 2.g.7.l]
      Sepanjang tahun 2023, NRC telah melaksanakan          Throughout 2023, the NRC has conducted the
      aktivitas berikut:                                    following activities:

      1. Membahas User Manual Key Performance Indicator     1. Discussed the User Manual Key Performance
         dengan menggunakan aplikasi berbasis web;             Indicator by web-based application;
      2. Membahas     dan    menyetujui      Digitalisasi   2. Discussed and approved Digitalization of
         Performance Management System BOC dan                 Performance Management System by the BOC
         Direksi; dan                                          and the Directors; and
      3. Mendiskusikan hasil self-assessment kinerja        3. Discussed the result on the self-assessment
         anggota BOC dan Direksi tahun 2022.                   performance of the members of the BOC and
                                                               Directors for 2022.




      OTHER COMMITTEE
      [SEOJK 2.g.8] [SEOJK 2.g.5]




      Sampai dengan 31 Desember 2023, Perusahaan            Until December 31st, 2023, the Company is not required
      tidak diwajibkan untuk membentuk komite lain selain   to establish any committees aside from the Audit
      Komite Audit dan NRC dan tidak memiliki kewajiban     Committee and NRC and there is no mandate to create
      untuk membentuk Dewan Pengawas Syariah.               a Sharia Supervisory Board.




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PT Duta Pertiwi Tbk                                                       Corporate Governance




CORPORATE SECRETARY
[SEOJK 2.g.9]




Sekretaris Perusahaan memiliki tugas utama              The Corporate Secretary is primarily responsible for
untuk memastikan kelancaran komunikasi antara           facilitating effective communication between the
Perusahaan dengan para pemangku kepentingan             Company and its stakeholders, as well as enhancing
serta meningkatkan kualitas tata kelola perusahaan      the quality of good corporate governance.
yang baik.

Sekretaris Perusahaan diangkat dan diberhentikan        The Corporate Secretary was appointed and
oleh Direksi, serta bertanggung jawab kepada            dismissed by the Directors and reports directly to the
Direktur Utama.                                         President Director.

Sejak tanggal 3 Juni 2015, Perusahaan menunjuk          Since June 3rd, 2015, the Company appointed Susan
Susan sebagai Sekretaris Perusahaan berdasarkan         as the Corporate Secretary in accordance with the
Surat Keputusan Direksi No.001/Kep.Dir/DP/VI/2015.      Directors’ Resolution No.001/Kep.Dir/DP/V/2015. This
Penunjukkan ini dan telah dilaporkan kepada melalui     appointment was officially communicated through
keterbukaan informasi kepada BEI dan OJK melalui        information disclosure to OJK and BEI under letter
surat No.041/IR-CS/DP/VI/2015 tertanggal 5 Juni 2015    No.041/IR-CS/DP/VI/2015 dated June 5th, 2015 and
dan dapat ditemukan di situs web Perusahaan. Berikut    is accessible on the Company’s website. Below is a
adalah profil Susan.                                    detailed profile of Susan.




                                          Dasar Hukum Pengangkatan – Legal Basis of Appointment [SEOJK 2.g.9.c(1)]


                                              Surat Keputusan Direksi No.001/Kep.Dir/DP/VI/2015 tanggal 3 Juni
                                          2015 dan telah dilaporkan kepada BEI dan OJK melalui surat No.041/IR-
                                                                           CS/DP/VI/2015 tertanggal 5 Juni 2015
                                                Directors’ Decree No.001/Kep.Dir/DP/VI/2015 dated June 3rd, 2015
                                            and has been reported to BEI and OJK through letter No.041/IR-CS/DP/
                                                                                     VI/2015 dated June 5th, 2015


                                          Menjabat Sejak – Served Since

                                                                                                    3 Juni 2015 June

                                          Kewarganegaraan – Citizenship

                                                                                              Indonesia Indonesian

                                          Domisili – Domicile [SEOJK 2.g.9.b]

                                                                                                             Jakarta
Susan
Sekretaris Perusahaan                     Usia – Age
Corporate Secretary
                                                                                                   46 tahun years old




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                                                                                                       PT Duta Pertiwi Tbk




      Riwayat Pendidikan – Education [SEOJK 2.g.9.d]              Pengalaman Profesional – Professional Experience [SEOJK 2.g.9.c(2)]

                                                                  –   Head of Corporate Secretary PT Duta Pertiwi Tbk
                                                                      (sejak |since 2011)
      Sarjana Hukum Jurusan Hukum Kenegaraan, Pemerintahan        –   Senior Manager Corporate Secretary & Corporate
      dan Hubungan Internasional dari Universitas Atma Jaya           Legal PT AJ Adisarana WanaArtha (2005 - 2011)
      Yogyakarta (2000)                                           –   Senior Supervisor Corporate Legal PT Wirakarya Sakti
      Bachelor’s degree in Laws majoring in Constitutional,           (Sinar Mas Forestry Division) (2003 - 2005)
      Administration Law and International Relations, Atma Jaya
      Yogyakarta University (2000)                                Rangkap Jabatan – Concurrent Position

                                                                                                                  Tidak ada None



      Tugas dan Tanggung Jawab [SEOJK 2.e.9.f]                    Duties and Responsibilities
      Sesuai dengan POJK No.35/POJK.04/2014 dan                   In compliance with POJK No.35/POJK.04/2014 and
      Perubahan Peraturan BEI No.1A, tugas dan tanggung           amendments to BEI Regulation No.1A, the duties
      jawab Sekretaris Perusahaan adalah:                         and responsibilities of the Corporate Secretary are
                                                                  outlined as follows:

      1. Mengikuti perkembangan informasi terkait Pasar           1. To remain updated on information related to the
         Modal khususnya regulasi yang berlaku;                      Capital Market, particularly the relevant regulations;
      2. Memastikan Direksi dan BOC mematuhi ketentuan            2. To ensure that the Directors and the BOC always
         peraturan perundang-undangan di bidang Pasar                comply with the regulations of the Capital Market;
         Modal;
      3. Membantu Direksi dan BOC dalam pelaksanaan               3. To support the Directors and BOC in implementing
         GCG yang baik, meliputi:                                    GCG guidelines, covering:
         a. Keterbukaan informasi kepada masyarakat,                 a. The disclosure of information to the public,
            termasuk penyampaian informasi korporat                      including the publication of corporate
            dalam situs web Perusahaan;                                  information on the Company’s website;
         b. Penyampaian laporan kepada OJK dan BEI                   b. Timely submission of report to the OJK and
            secara tepat waktu;                                          BEI;
         c. Penyelenggaraan dan dokumentasi RUPS;                    c. The organization and documentation of the
                                                                         GMS;
         d. Koordinasi dan dokumentasi rapat Direksi dan/            d. The coordination and documentation of the
            atau BOC; dan                                                Directors and/or BOC meetings; and
         e. Pelaksanaan program orientasi terhadap                   e. Implementation of an orientation program for
            Perusahaan bagi Direksi dan/atau BOC.                        the Company’s Directors and/or the BOC.
      4. Sebagai penghubung antara Perusahaan dengan              4. As a liaison between the Company and
         pemegang saham, pemerintah/instansi terkait,                shareholders, the government/related institutions,
         masyarakat dan pemangku kepentingan lainnya.                communities and other stakeholders.


      Pengembangan Kompetensi [ACGS E.3.8]                        Competencies Development
      Agar tetap menerima informasi tentang perkembangan          To remain abreast of the latest developments
      terkini di pasar modal, sepanjang tahun 2023 Sekretaris     in the capital market, the Corporate Secretary
      Perusahaan telah mengikuti program-program                  has participated in the following training and
      pelatihan dan pengembangan berikut:                         development programs throughout 2023:




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PT Duta Pertiwi Tbk                                                                             Corporate Governance




                                                                                                                           Pelaksana
Topik                                                                                 Tanggal                   Tempat
                                                                                                                           Provider/
Subject                                                                               Date                       Venue
                                                                                                                           Facilitator

Indepth POJK No.14/POJK.04/2022 pertaining to Submission of                                        Januari
                                                                                        12        (January)                ICSA - OJK
Periodically Financial Report of Issuers or Public Company
                                                                                                                Webinar
Indepth SEOJK Nomor 16/SEOJK.04/2021 pertaining to                                                 Februari
                                                                                        28        (February)               ICSA - OJK
 Form and Content of Issuers’ or Public Company’s Annual Report

Workshop The Variation and Implementation of Limited Liability Company’s Capital                    Maret
                                                                                        17         (March)       Jakarta   APP Sinarmas
Market Transaction

Indepth Regulation Bursa Efek Indonesia No. I-E: pertaining to Disclosure
                                                                                        5           April       Webinar    ICSA - BEI
Requirement

Information Security Training Series                                                    3            Mei        BSD City   Inhouse
                                                                                                    (May)

Technical Guidance on the Implementation of PPATK Regulation No.2 of 2021
concerning the Procedures for Submitting Transaction Reports and Suspicious                         Juni
                                                                                        12         (June)       Webinar    PPATK
Transaction Reports through the GoAML Application for Providers of Other Goods
and/or Services

Social Media Crisis: Make it or Break it                                                12           Juli       BSD City   Inhouse
                                                                                                    (July)

Compliance Refreshment on Findings of Non-Compliance                                              Agustus
                                                                                        22        (August)
by Issuers and Public Companies

The Future Direction of ESG and Sustainability Reporting in Indonesia                   5        September       Jakarta   PwC Indonesia


2023 ACMF International Conference & ACMF-ISSB Technical Training                     16 - 17      Oktober        Bali     OJK
                                                                                                  (October)

ASEAN Corporate Governance Scorecard Revised October 2023                               9        November                  ICSA - RSM
                                                                                                                           Indonesia
                                                                                                                Webinar
Enhancing ESG through Best Practices in Accounting                                      24        Desember                 OJK
                                                                                                 (December)




Laporan Ringkas Kegiatan Tahun 2023 [SEOJK 2.g.9.f]                         Brief Report on Activities in 2023
Selama tahun 2023, Sekretaris Perusahaan telah                              Throughout 2023, the Corporate Secretary has fulfilled
melaksanakan tugas-tugas sebagai berikut:                                   the following responsibilities:
1. Melakukan pemberitahuan dan pemanggilan RUPS,                            1. Notifying and convening the GMS, along with
   serta melaporkan risalah RUPS melalui situs web                             promptly disclosing the minutes of the GMS on the
   Perusahaan [ACGS D.7.2], BEI dan KSEI tepat waktu;                          Company, BEI and KSEI websites;
2. Menyampaikan 3 laporan keuangan triwulanan;                              2. Submitted three quarterly financial statements;
    [ACGS D.7.1]
3. Menyampaikan 1 laporan keuangan tahunan dalam                            3. Submitted one annual financial statement in 120
   waktu 120 hari sejak berakhirnya tahun buku;                                days following the conclusion of the reporting
    [ACGS D.8.1]                                                               period;
4. Menyampaikan Laporan Tahunan dan Laporan                                 4. Submitted Annual Report and Sustainability
   Keberlanjutan dalam waktu 120 hari sejak                                    report in 120 days following the conclusion of the
   berakhirnya tahun buku; [ACGS D.8.2]                                        reporting period;
5. Menyampaikan informasi terkait perkembangan                              5. Submitted information related to the progress of
   Perusahaan dan Entitas Anak melalui Siaran Pers                             the Company and its Subsidiaries in twelve Press
   sebanyak 12 kali;                                                           Releases;
6. Paparan Publik pada tanggal 29 November 2023;                            6. Public Expose on November 29th, 2023;
    [ACGS A.4.1]
7. Berinteraksi dengan media dalam 3 kegiatan;                              7. Interacted with the media on three occasions;
    [ACGS D.7.4]
8. Menyampaikan keterbukaan informasi antara lain                           8. Submitted information disclosure among others
   terkait laporan kepemilikan saham.                                          related to report on share’s ownership.




Laporan Tahunan 2023 Annual Report                                                                                                         169
Page 170
                                                                                                PT Duta Pertiwi Tbk




      INTERNAL AUDIT UNIT
      [SEOJK 2.g.10] [ACGS E.3.14]




      Visi Unit Audit Internal adalah untuk meningkatkan         The vision of the Internal Audit Unit is to increase
      nilai tambah Perusahaan melalui proses manajemen           the Company’s corporate governance quality
      risiko, pengendalian dan GCG yang makin baik.              systematically through better risk management and
      Unit Audit Internal Unit Audit Internal telah memiliki     internal control processes. The Internal Audit Unit has
      Piagam Unit Audit Internal [SEOJK 2.g.10.g] yang telah     the Charter of Internal Audit Unit that was updated
      diperbaharui pada tanggal 12 Februari 2020 dan telah       on February 12th, 2020, and had the approval of the
      mendapatkan persetujuan BOC. Unit Audit Internal           BOC. The Internal Audit Unit carries out its duties and
      dalam melaksanakan tugas dan tanggung jawabnya             responsibilities based on the charter.
      berpedoman pada Piagam tersebut.

      Unit Audit Internal bertanggungjawab langsung              The Internal Audit Unit is directly responsible to the
      kepada Direktur Utama dan secara fungsional kepada         President Director and functionally to the BOC through
      BOC melalui Komite Audit. [SEOJK 2.g.10.e]                 the Audit Committee.

      Unit Audit Internal dipimpin oleh Kepala Unit Audit        The Internal Audit Unit is led by the Head of Internal
      Internal, yang dipilih dan diangkat serta diberhentikan    Audit Unit, which is selected and appointed and
      oleh Direksi setelah mendapatkan persetujuan dari          terminated by the Directors after an approval by the
      BOC. Kepala Unit dibantu oleh 23 (dua puluh tiga)          BOC. The Head of Unit is assisted by 23 (twenty-three)
      anggota unit.                                              unit members.




                                                  Dasar Hukum Pengangkatan Terakhir – Latest Legal Basis of Appointment
                                                  [SEOJK 2.g.10.b(1)]

                                                          Surat Keputusan Direksi Perusahaan tertanggal 12 Februari 2020
                                                              Decree of the Company’s Directors dated February 12th, 2020

                                                  Menjabat Sejak – Served Since

                                                                                                    Januari 2012 January

                                                  Kewarganegaraan – Citizenship

                                                                                                    Indonesia Indonesian

                                                  Domisili – Domicile

                                                                                                                 Jakarta

                                                  Usia – Age

                                                                                                       55 tahun years old

      Hamina Ali                                  Riwayat Pendidikan – Education
      Kepala Unit Audit Internal [ACGS E.3.15]
      Head of Internal Audit Unit                           Sarjana Ekonomi Jurusan Akuntansi, Universitas Tarumanagara
                                                   Bachelor of Economics Majoring in Accounting, Tarumanagara University




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PT Duta Pertiwi Tbk                                                                Corporate Governance




Sertifikasi – Certification [SEOJK 2.g.10.c]                      –   Andersen Worldwide Manager di Kantor Akuntan
                                                                      Publik Prasetio, Utomo & Co. (Member of Arthur
                                                                      Andersen) (1992 – 1999)
                             Certified Internal Auditor (CIA),
                                                                      Andersen Worldwide Manager at Prasetio Utomo & Co.
                 The Institute of Internal Auditor (IIA) (2022)
                                                                      Public Accounting Office (Member of Arthur Andersen)
                                                                      (1992 - 1999)
Pengalaman Profesional – Professional Experience
[SEOJK 2.g.10.b(2)]
                                                                  Rangkap Jabatan – Concurrent Position
–   Commercial CFO (2011) & Business Control Director              Ketua Unit Audit Internal di PT Bumi Serpong Damai Tbk
    (2009 – 2011) PT Bumi Serpong Damai Tbk                                                                    (sejak 2012)
–   Deputy Director Internal Audit AFP China Ltd.,                Head of Internal Audit Unit at PT Bumi Serpong Damai Tbk
    Shanghai, China (2000 – 2009)                                                                              (since 2012)




Tugas dan Tanggung Jawab [SEOJK 2.g.10.f]                         Duties and Responsibilities
Sesuai piagamnya, Unit Audit Internal bertugas                    According to its charter, the Internal Audit Unit is
menguji dan mengevaluasi pelaksanaan pengendalian                 tasked with testing and evaluating the implementation
internal sesuai kebijakan Perusahaan, yang meliputi,              of internal control according to the Company’s policies,
antara lain:                                                      including, among others:

1. Menguji       dan     mengevaluasi    pelaksanaan              1. Examine and access the completion of internal
   pengendalian internal dan sistem manajemen                        control and risk management systems in line with
   risiko sesuai dengan kebijakan Perusahaan.                        the Company policies.
2. Melakukan pemeriksaan dan penilaian atas efisiensi             2. Oversee inspections and assessments of efficiency
   dan efektivitas di bidang keuangan, akuntansi,                    and effectiveness in finance, operations, human
   operasional, sumber daya manusia, pemasaran,                      resources, marketing, information technology and
   teknologi informasi dan kegiatan lainnya.                         other activities.
3. Menilai kepatuhan perusahaan terhadap hukum                    3. Assess the Company’s compliance with applicable
   dan peraturan yang berlaku.                                       laws and regulations.
4. Memberikan saran perbaikan dan informasi yang                  4. Deliver recommendations for enhancement and
   objektif tentang kegiatan yang diperiksa pada                     objective information about the activities assessed
   semua tingkat manajemen.                                          at all management levels.
5. Bertanggungjawab untuk menyampaikan laporan                    5. Accountable for presenting reports on audit
   atas aktivitas dan temuan audit kepada Manajemen                  activities and findings to the relevant management
   terkait dan Dewan Komisaris melalui Komite Audit                  and the BOC through Audit Committee and
   dan memberikan saran perbaikan dan informasi                      advocate improvement suggestions and objective
   yang obyektif atas hasil temuan dan kegiatan audit                information on audit findings and activities at all
   pada semua tingkat manajemen.                                     management levels.
6. Memantau, melakukan analisis dan melaporkan                    6. Check, analyze and report on the completion
   pelaksanaan tindak lanjut perbaikan yang telah                    of follow-up improvements that have been
   disarankan.                                                       recommended.
7. Menjalankan penugasan yang bersifat ad-hoc yang                7. Carry out ad-hoc assignments given by the
   diberikan oleh manajemen atau Komite Audit,                       Management or the Audit Committee if there
   sepanjang tidak terdapat benturan kepentingan atas                is no conflict of interest in the assignment. For
   penugasan tersebut. Untuk itu, Unit Audit Internal                this reason, the Internal Audit Unit will form an
   akan menyiapkan Memo Penugasan (Engagement                        Engagement Memo which describes the intent and
   Memo) yang menjelaskan tujuan dan lingkup                         scope of the assignment as well as the duration of
   penugasan serta lamanya penugasan tersebut.                       the assignment.
8. Memberikan peringatan dini (Early Warning)                     8. Provide Early Warning to the Directors and the
   kepada Direksi dan Komite Audit mengenai                          Audit Committee on issues found in audit work
   masalah yang ditemukan dalam pekerjaan audit                      that have the potential to affect the Company’s
   yang secara signifikan berpotensi mempengaruhi                    objectives substantially.
   tujuan Perusahaan.
9. Melakukan pemeriksaan khusus apabila diperlukan.               9. Leading special inspection if needed.




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                                                                                                                   PT Duta Pertiwi Tbk




      Pengembangan Kompetensi [SEOJK 2.g.10.d]                                  Competency Development
      Sepanjang tahun 2023, program pengembangan dan                            Throughout 2023, the Head of Internal Audit Unit
      sertifikasi yang diikuti oleh Kepala Unit Audit Internal                  participated in various development and certification
      adalah:                                                                   programs as outlined below:

                                                                                                                               Pelaksana
      Nama               Topik                                                              Tanggal                Tempat
                                                                                                                               Provider/
      Name               Subject                                                            Date                    Venue
                                                                                                                               Facilitator

                         Member’s New Year Networking Night (Presentation on Market           12                   Singapore   IIA Singapore
                         Outlook 2023 by Dr David Kuo, Co-Founder, The Smart Investor)
                                                                                                       Januari
                                                                                                      (January)
                         Town Hall Meeting (Penerapan GRC terintegrasi untuk tata kelola      24                               IIA Indonesia
                         dan meningkatkan pengelolaan risiko yang lebih baik)

                         Adopting Agile Audit in 2023                                         7                                Wolters Kluwer

                         Vocal Leadership                                                     16       Februari                IIA Singapore
                                                                                                      (February)
                         G20/B20 Integrity & Compliance Policy Paper:                         23
                         Action Plan for Internal Auditor’

                         How to Manage Team and Boss; Impactful Communication Make            6                                IIA Indonesia
                         Your Value More Impactful

                         Internal Audit Roles & Compentency in Consumer Data Protection;
                         Stay Relevance by Implementing the Internal Audit Competency         13
                         Framework
                                                                                                        April
                         Internal Audit: Innovate or Risk Being Irrelevant!                   13                               IIA Singapore

                         Disruption Technology, Are We Ready?; ChatGPT,                       18                               IIA Indonesia
                         How Useful for Internal Auditor?

                         Preparing for the Future: ESG and Internal Audit in 2023             27                               Wolters Kluwer

                         What You Need to Know About the Proposed Changes to the              4                                IIA Singapore
                         Standards

                         What You Need to Know About the Proposed Changes to the              12                               IIA Indonesia
                         Standards
                                                                                                         Mei
                         ESG for Internal Auditors                                            25        (May)                  IIA Singapore
                                                                                                                   Webinar
      Hamina Ali                                                                                                               ISACA
                         WeLeadtech May 2023 Webinar                                          31
      Certified                                                                                                                Singapore
      Internal Auditor   ChatGPT and Generative AI - Risks and Ethical Concerns               31                               IIA Global

                         Cost Control During Economic Uncertainty: Leveraging Audit           8                                IIA Singapore
                         Innovation

                         Implementing the 2023 COSO Fraud Risk Management Guide               22        Juni                   IIA Global
                                                                                                       (June)
                         Internal audit and its role of Governance                            26                               IIA Indonesia

                         Enhancing Audit’s Value with Agile Practices                         27                               Wolters Kluwer

                         Leveraging CMMI Performance Solutions for Building Scalable          11                               ISACA Global
                         Capabilities and Continuously Improving Performance

                         Fraud Risk Management: Perception and Implementation                 17
                                                                                                         Juli
                         Leveraging Technology to Enhance Trust in Internal Controls                    (July)
                                                                                              20
                         Amid Rising Material Weaknesses and Resource Constraints
                                                                                                                               IIA Indonesia
                         Ransomware Attack Survival Guide                                     27

                         When Security Meets Privacy                                          31

                         Making the Valuable Visible                                          3                                IIA Singapore

                         WeLeadtech August 2023 Webinar                                       3                                ISACA Singapore

                         Practical Application of ChatGPT Risk Management and Internal        17      Agustus      SIngapore   IIA Singapore
                         Audit
                                                                                                      (August)
                         IIA Indonesia national conference                                  30 - 31                 Batam      IIA Indonesia

                         Time matters: Proactively prepare for and respond faster to          31                   Webinar     ISACA Global
                         business disruptions




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PT Duta Pertiwi Tbk                                                                           Corporate Governance




                                                                                                                         Pelaksana
Nama               Topik                                                            Tanggal                   Tempat
                                                                                                                         Provider/
Name               Subject                                                          Date                       Venue
                                                                                                                         Facilitator

                   Managing your Internal Audit Risk                                   7                                 Wolters Kluwer

                   AI Security - Embedded Trojans in Third-Party Models               14                                 IIA Singapore

                   Analytics to get to the heart of the matter                        14

                   Internal Controls: What works, what doesn't work, and how to       19                      Webinar    Wolters Kluwer
                   plug the holes

                   APAC Webinar: High performance audit teams                         21       September
Hamina Ali
                   Ethics: Integrity Management for Internal Audit                    21                                 IIA Indonesia
Certified
Internal Auditor   Leading with Emotional Fluency                                     26                                 ISACA

                   From Insights to Action:                                           27                                 IIA Singapore
                   Optimising Audits with Data-Driven Strategies
                                                                                                             SIngapore
                   Fostering Greater Integration and Collaboration between            28                                 IIA Singapore
                   Internal Audit, Risk and Compliance Teams
                                                                                                 Oktober
                   Managing Cyber and Operational Resilience in a Digital World       12                      Webinar    IIA Singapore
                                                                                                (October)
                   Performing an Effective Quality Assessment                       29 - 30    November        Online    IIA Indonesia




Berikut ini adalah program pengembangan                                   The     followings      are   important    competency
kompetensi penting yang telah diikuti anggota                             development programs attended by members of the
Unit Audit Internal dalam pelaksanaan tugas dan                           Internal Audit Unit in the implementation of their duties
tanggung jawabnya masing-masing. Jumlah program                           and responsibilities. The total number of competency
pengembangan kompetensi total yang telah diikuti                          development programs attended by the Internal Audit
oleh Unit Audit Internal pada tahun 2023 adalah                           Unit in 2023 were 142 programs.
sebanyak 142 program.


                                                                                                                         Pelaksana
Nama               Topik                                                            Tanggal                   Tempat
                                                                                                                         Provider/
Name               Subject                                                          Date                       Venue
                                                                                                                         Facilitator

                   Integrated GRC implementation for better governance and risk                  Januari
                                                                                      24                       Online    IIA Indonesia
                   management                                                                   (January)

                   Adopting Agile Audit in 2023                                        7                      Webinar    Wolters Kluwer
                                                                                                 Februari
                   IIA PAF - G20/B20 Integrity & Compliance Policy Paper: Action                (February)
                                                                                      23                       Online
                   Plan For Internal Auditor
                                                                                                  Maret
                   Profesional Auditor Forum - Assurance Based Consulting             13                       Jakarta
                                                                                                 (March)
                   IIA PAF - How to manage Team & Boss; Impactful                                                        IIA Indonesia
                                                                                       6
                   communication make your value more impactful
                                                                                                               Online
                   IIA PAF - Internal Audit Roles & Competency in Consumer Data
Lulie              Protection; Stay Relevant by Implementing the Internal Audit       13          April
Rulliansyah        Competency Framework
Certified
                   Preparing for the Future: ESG and Internal Audit in 2023           27                      Webinar    Wolters Kluwer
Internal Auditor
                   IIA PAF - What You Need to Know About The Proposed Changes         12                                 IIA Indonesia
                   to The Standards                                                                Mei
                                                                                                  (May)
                   Data Analytic For Forensic Audit                                   26
                                                                                                               Online
                   Forensic Accounting vs Investigative Auditing                       1                                 FEB Ukrida
                                                                                                  Juni
                   Implementation of PSAK 71, PSAK 72 and PSAK 73                     17         (June)
                   APAC: Enhancing Audit's Value with Agile Practices                 27
                                                                                                              Webinar    Wolters Kluwer
                                                                                                Agustus
                   ESG: A Practical Overview for Internal Audit                       17        (August)




Laporan Tahunan 2023 Annual Report                                                                                                        173
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                                                                                                                 PT Duta Pertiwi Tbk




                                                                                                                            Pelaksana
      Nama               Topik                                                            Tanggal                Tempat
                                                                                                                            Provider/
      Name               Subject                                                          Date                    Venue
                                                                                                                            Facilitator

                         Internal Control Over Financial Reporting (ICOFR)                  27                   Online     SPA FEB - UI
                                                                                                     Agustus
                                                                                                     (August)
                         2023 IIA National Conference                                       30                    Batam     IIA Indonesia
      Lulie
                         Managing your Internal Audit Risks                                 7                    Webinar    Wolters Kluwer
      Rulliansyah
      Certified          Internal Audit Readiness to adopt artificial intelligence          9                    Online     YPAI
      Internal Auditor                                                                              September
                         Analytics to Get to the Heart of the Matter                        14
                                                                                                                 Webinar    Wolters Kluwer
                         The Future of IA: A Cybernetic Perspective                         19

                         How To Manage Team and Boss & Effective Communication              6
                         Make Your Value More Impactful
                                                                                                      April      Webinar    IIA Indonesia
                         Internal Audit Roles and Competency in Consumer Data
                         Protection & Stay Relevant by Implementing The Internal Audit      13
                         Competency Framework

                         Disruption Technology, Are We Ready? & ChatGPT, How Useful         18        April
                         For Internal Auditor?
                                                                                                                 Webinar    IIA Indonesia
                         What You Need to Know About The Proposed Changes to The                       Mei
                                                                                            12
                         Standards                                                                    (May)
      Sandy Prawira
      Setionagoro        Shared Leadership: Doing More With More                            16         Juni      BSD CIty   Sinar Mas Land
      Certified                                                                                       (June)
      Information        Digital Trust Insight 2023 - Moving Forward to a Cyber Ready       6                    Jakarta    PwC Indonesia
      System Auditor     Future
                                                                                                       Juli
                         The Important of Green Efforts in the Property Business            7         (July)
                                                                                                                 Online     Sinar Mas Land
                         Strategic Partnership Opportunities within Business Ecosystem      28

                                                                                                     Agustus
                         IIA Indonesia National Conference - Batam, Indonesia             30 - 31                 Batam     IIA Indonesia
                                                                                                     (August)

                         Measuring the Impact and Anticipation of a Carbon Tax:             15      September               Sinar Mas Land
                         Strategic Steps for the Future of the Property Business
                                                                                                                 Online
                                                                                                   Desember
                         Fundamentals of Cybersec Auditing                                13 - 14 (December)                IIA Indonesia


      Rudi               Effective Report Writing for Auditors                            23 - 30   November     Bandung    IIA Indonesia


      Wendy              Effective Report Writing for Auditors                            23 - 30   November     Bandung    IIA Indonesia


      Aldo Bill Runtu    Effective Report Writing for Auditors                            23 - 30   November     Bandung    IIA Indonesia


      Dian Angelene      Performing an Effective QA                                       29 - 30   November     Online     IIA Indonesia


      Leonardus                                                                                      Oktober
                         Fundamental of IT Auditing                                         31                   Online     IIA
      Winston Lim                                                                                   (October)

      Bintang            Fundamentals of IT Auditing                                      30 - 31    Oktober     Online     IIA
      M. P. Gultom                                                                                  (October)

      Hans Jakal                                                                                     Oktober
                         Fundamental of IT Auditing                                       30 - 31                Online     IIA
      Perdana                                                                                       (October)

      Herdi Krisna                                                                                   Oktober
                         CIA Review Course Part 1                                          2-5                   Online     IIA Indonesia
      Pradana                                                                                       (October)


      Ryan Adhitya       Critical Thinking: A Vital Auditing Competency                    4-5       Desember    Online     IIA
                                                                                                    (December)

      Ratna                                                                                        Desember      Online
                         Root Cause Analysis                                              18 - 19 (December)                IIA
      Puspita Sari




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PT Duta Pertiwi Tbk                                                                       Corporate Governance




                                                                                                                    Pelaksana
Nama               Topik                                                        Tanggal                   Tempat
                                                                                                                    Provider/
Name               Subject                                                      Date                       Venue
                                                                                                                    Facilitator


Novelia
                                                                                         Desember
Primastuti         Root Cause Analysis                                          18 - 19 (December)         Online   IIA
Megalestari

Herda Narita       Critical Thinking: A Vital Auditing Competency                4-5        Desember       Online   IIA
                                                                                           (December)


Carlos Kanysi      Analyzing and Business Process                               15 - 16    November        Online   IIA



Irwanto            Effective Report Writing for Auditors                        29 - 30    November       Bandung   IIA Indonesia


Albert Bimo        Agile Auditing                                               23 - 24      Oktober       Online   IIA
Aryanto                                                                                     (October)

Tama                                                                                                                SPA-Feb UI X
                   Fraud Control and Effective Whistleblower System               30       September       Online
Pardana S.                                                                                                          Unlock

Luvita                                                                                       Oktober       Online
                   Agile Auditing                                               23 - 24     (October)               IIA
Damayanti

Firdha Fathia      Continous Audit and Data Analytics                           20 - 21    November        Online   IIA


Fiona                                                                                                               Unlock
                   Risk-Based Internal Auditing                                   14       November        Online
Puspa Dewi                                                                                                          Indonesia


Muhammad           Fraud Awareness                                                14       November        Online   Inhouse
Rizqi Anwar




Laporan Ringkas Pelaksanaan Tugas Tahun 2023                          Brief Report on Activities in 2023
[SEOJK 2.g.10.h]
Selama tahun 2023, Unit Audit Internal telah                          During 2023, the Internal Audit Unit has implemented
melaksanakan seluruh Rencana Audit Tahunan yang                       all Annual Audit Plans determined together with the
ditetapkan bersama dengan Direksi dan BOC melalui                     Directors and BOC through the Audit Committee. In
Komite Audit. Sesuai perencanaan tahun 2023, Unit                     accordance with the plan, the Internal Audit Unit has
Audit Internal telah menyelesaikan 9 (sembilan)                       completed 9 (nine) assignments, including Audit on,
penugasan, yang mencakup Audit, Financial                             Financial Operations and Compliance, as follows:
Operasional dan Kepatuhan sebagai berikut:

1. Audit atas area Asset Management (ITC)                             1. Audit on Asset Management (ITC) area
2. Audit atas area Residential                                        2. Audit on Residential area
3. Audit atas area Retail & Hospitality (Mall)                        3. Audit on Retail & Hospitality (Mall) area
4. Audit atas area Commercial (Apartment & Estate                     4. Audit on Commercial (Apartment & Estate
   Management)                                                           Management) area
5. Audit atas area IT                                                 5. Audit on IT area

Unit Audit Internal telah membuat laporan hasil audit                 The Internal Audit Unit periodically reports its findings
secara berkala dan menyampaikannya kepada Direktur                    to the President Director and the BOC through the
Utama dan BOC melalui Komite Audit. Termasuk                          Audit Committee. Included in the report are the
dalam laporan tersebut adalah rekomendasi perbaikan                   recommendations for improvement and monitoring
dan pemantauan atas implementasi atas perbaikan                       the completion of these findings. Periodically, as
tersebut. Secara berkala sebagaimana yang diatur                      defined in the Charter of Internal Audit Unit, the
dalam Piagam Unit Audit Internal, Unit Audit Internal                 Internal Audit Unit has reported internal audit




Laporan Tahunan 2023 Annual Report                                                                                                  175
Page 176
                                                                                                 PT Duta Pertiwi Tbk




      telah melaporkan kegiatan audit internal kepada             activities to the Audit Committee four times in 2023
      Komite Audit sebanyak 4 (empat) kali pada tahun 2023        in the Meetings of the Audit Committee. Please refer
      melalui Rapat Komite Audit. Rincian laporan ini dapat       the details of these activities in the Audit Committee
      dibaca pada sub Rapat Komite Audit pada halaman             Meeting part on page 161 in this Annual Report.
      161 Laporan Tahunan ini. [SEOJK 2.g.10.h]




      INTERNAL CONTROL SYSTEM
      [SEOJK 2.g.11] [ACGS E.3.17]




      Sistem pengendalian internal diterapkan pada semua          The internal control system has been implemented
      unit kerja di semua tingkatan untuk memastikan              across all work units to uphold alignment between
      kesesuaian antara keputusan dan pelaksanaannya.             decisions and its execution. Employing a risk-based
      Sistem pengendalian internal Perusahaan telah               methodology on the Company’s internal control
      menggunakan pendekatan berbasis risiko supaya               system to ensure all the significant risks have been
      dapat memastikan bahwa risiko-risiko signifikan             mitigate effectively.
      Perusahaan telah dimitigasi secara efektif.

      Direksi, dibantu oleh Unit Internal Audit, mengevaluasi     The Directors, assisted by the Internal Audit Unit,
      dan memperbaharui sistem ini agar tetap bebas dari          evaluates and update this system to ensure its legal
      kecacatan hukum. Pembaharuan sistem pengendalian            compliance. The renewal of the internal control system
      internal mempertimbangkan aspek pengendalian                encompasses financial control, operational, HR,
      keuangan, operasional, HR, sistem teknologi informasi       communication and information technology systems.
      dan komunikasi.


      Tinjauan atas Efektivitas Sistem Pengendalian               Review of the Efficacy of the
      Internal [SEOJK 2.g.11.b] [ACGS E.3.18]                     Internal Control System
      Direksi dan BOC telah melakukan penilaian efektivitas       The Directors and the BOC have assessed the
      pengendalian internal atas pelaporan keuangan               effectiveness of the Company’s internal control
      Perusahaan pada tanggal 14 Maret 2024. Berdasarkan          concerning the financial reporting as of March 14th,
      penilaian ini, manajemen menyimpulkan bahwa                 2024. Following this assessment, the management
      hingga 31 Desember 2023, pengendalian internal              concluded that as of December 31st, 2023, the internal
      sudah cukup efektif. Secara umum, tidak ditemukan           control system has proven to be effective. Notably, no
      kelemahan berarti yang dapat berpengaruh secara             substantial vulnerabilities have been identified that
      signifikan terhadap kinerja keuangan Perusahaan.            could significantly impact on the Company’s financial
      Sistem pengendalian internal dan manajemen risiko           performance. The internal control framework and
      dinilai telah memadai dan efektif dalam memitigasi          risk management processes are deemed sufficient
      risiko signifikan, termasuk risiko keuangan, operasional,   and effective in mitigating the significant risks across
      kepatuhan dan teknologi informasi.                          financial, operational, compliance and information
                                                                  technology.




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Perusahaan tetap akan melakukan perbaikan secara        The Company aims to improve the internal
berkesinambungan atas proses-proses internal yang       processes across all functions by integrating findings
dilakukan oleh setiap fungsi dengan mengacu pada        gathered both from internal and external audits, as
temuan audit baik internal maupun eksternal serta       well as findings conducted by each function both
temuan oleh setiap fungsi baik secara mandiri maupun    independently and interrelated departments within
fungsi-fungsi terkait di Perusahaan.                    the Company.


Pernyataan Direksi atas Kecukupan Sistem                Director’s Statement regarding the Adequacy
Pengendalian Internal [SEOJK 2.g.11.c] [ACGS E.3.20]    of the Internal Audit System
Kami menegaskan bahwa penerapan sistem                  We confirm that the internal control system
pengendalian internal untuk tahun buku yang berakhir    implemented for the financial year ending on
pada tanggal 31 Desember 2023 telah memberikan          December 31st, 2023 has presented reasonable
reasonable assurance, tetapi tidak absolut.             assurance, though not absolute. The Company will
Perusahaan tidak akan terpengaruh secara negatif,       not be negatively affected by events that could
oleh peristiwa yang secara wajar dapat diperkirakan.    reasonably be expected. Furthermore, it is important
Lebih lanjut, kami juga menyatakan bahwa tidak ada      to note that no internal control system can guarantee
sistem pengendalian internal yang dapat memberikan      absolute assurance against the incidence of material
absolute assurance dalam hal ini, terhadap terjadinya   errors, poor judgment in decision making, human
kesalahan material, penilaian yang buruk dalam          errors, losses, losses, fraud or other irregularities.
pengambilan keputusan, kesalahan manusia, kerugian,
penipuan atau penyimpangan lainnya.




RISK MANAGEMENT AND SUSTAINABILITY UNIT



Unit Manajemen Risiko dan Keberlanjutan dibentuk        The Risk Management and Sustainability Unit is
untuk melakukan pengawasan dan pengelolaan              established to oversee and manage risks as well as to
risiko serta meningkatkan keberlanjutan Perusahaan.     enhance the Company’s sustainability. The unit also
Unit ini mendorong penerapan kebijakan dan sistem       aims to encourage the policy implementation and risk
manajemen risiko serta keberlanjutan di seluruh         management system as well as sustainability within the
bidang operasi Perusahaan.                              Company’s business operations.


Pengangkatan dan Pemberhentian Kepala Unit              Appointment and Dismissal of the Unit Head
Unit    Manajemen     Risiko     dan    Keberlanjutan   The Risk Management and Sustainability Unit is
bertanggung jawab kepada Direktur Utama dan secara      responsible to the President Director and functionally
fungsional kepada BOC. Unit ini bertanggung jawab       to the BOC. Its primary responsibility ensures and
untuk memastikan pelaksanaan sistem manajemen           access the implementation of risk management system
risiko, melakukan evaluasi penerapan sistem, serta      and providing enhancement recommendations for
memberikan rekomendasi-rekomendasi perbaikan            aligned with the Company’s business situations.
yang sesuai dengan situasi bisnis Perusahaan.




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                                                                                                        PT Duta Pertiwi Tbk




      Semua kegiatan yang dilaksanakan oleh Unit ini                 All activities undertaken by this unit were conducted
      dilandaskan kepada Kerangka Manajemen Risiko yang              in accordance with the Risk Management Framework
      telah dimutakhirkan pada tanggal 26 September 2021.            which was updated on September 26th, 2021.

      Unit ini dipimpin oleh Kepala Unit Manajemen Risiko            This Unit was led by the Head of the Risk Management
      dan Keberlanjutan. Pada tanggal 31 Desember 2023,              and Sustainability Unit, M. Reza Abdulmajid on
      M. Reza Abdulmajid memimpin unit ini dibantu oleh              December 31st, 2023. The unit was assisted by twelve
      12 anggota Unit. Anggota unit bertanggung jawab                members, who report directly to the Unit Head.
      langsung kepada Kepala Unit.

      Berikut adalah profil Kepala Unit Manajemen Risiko             Below is the profile of the Head of the Risk
      dan Keberlanjutan.                                             Management and Sustainability Unit.


                                                      Menjabat Sejak – Served Since

                                                                                                                              2013

                                                      Kewarganegaraan – Citizenship

                                                                                                             Indonesia Indonesian

                                                      Domisili – Domicile

                                                                                                                            Jakarta

                                                      Usia – Age

                                                                                                                49 tahun years old

                                                      Riwayat Pendidikan – Education


      M. Reza Abdulmajid                              –   Master of Commerce, Macquarie University, Sydney, Australia (2001)
      Kepala Unit Manajemen Risiko                    –   Sarjana Teknik Mesin jurusan Teknik Industri, Universitas Indonesia (1998)
      dan Keberlanjutan                                   Bachelor of Mechanical Engineering, majoring in Industrial
      Head of Risk Management                             Engineering, the University of Indonesia (1998)
      and Sustainability Unit


      Sertifikasi – Certification                                    Rangkap Jabatan – Concurrent Position

      Certified Financial Risk Manager (FRM), Global Association
                               of Risk Professionals (GARP) (2008)   –   Ketua Unit Manajemen Risiko dan Keberlanjutan di
                                                                         PT Bumi Serpong Damai Tbk (sejak 2013)
      Pengalaman Profesional – Professional Experience                   Head of Risk Management and Sustainability Unit in
                                                                         PT Bumi Serpong Damai (since 2013)
                                                                     –   Ketua Unit Manajemen Risiko di PT Puradelta Lestari Tbk
      –   Risk Advisory Services Director, KPMG, Siddharta               (sejak 2013)
          Consulting (2005 - 2013)                                       Head of Risk Management Unit in PT Puradelta Lestari Tbk
      –   Risk Advisory Services Associate Manager, Ernst &              (since 2013)
          Young (2002 - 2005)



      Tugas dan Tanggung Jawab                                       Duties and Responsibilities
      Tugas dan tanggung jawab Unit Manajemen Risiko                 The duties and responsibilities of the Risk Management
      dan Keberlanjutan sesuai Kerangka Manajemen Risiko             and Sustainability Unit based on the Management Risk
      adalah sebagai berikut:                                        Framework are as follows:

      1. Memimpin keseluruhan aktivitas Enterprise Risk              1. Provide overall leadership in Enterprise Risk
         Management (ERM);                                              Management (ERM) activities;




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2. Memastikan sumber daya yang diperlukan                             2. Ensure the availability of the human resources to
   tersedia untuk implementasi kerangka ERM dan                          effectively implement the ERM framework and
   pengelolaan risiko yang efektif di Perusahaan;                        manage risks within the Company;
3. Mengkaji risiko-risiko utama bisnis, termasuk                      3. Review the key business risks, including ESG-
   risiko terkait ESG dan kecukupan dari tindak lanjut                   related risks and adequacy of management’s
   manajemen untuk memitigasi risiko-risiko tersebut;                    actions in managing them;
4. Menetapkan risk appetite dan parameternya,                         4. Determined the Company’s risk appetite and its
   serta menyetujui risk profile (strategi, mitigasi dan                 parameters, as well as approving risk profile (risk
   penilaian risiko) Perusahaan;                                         strategy, mitigation and assessment);
5. Memberikan update kepada Direktur Utama dan                        5. Update periodically the President Director and
   Wakil Direktur Utama secara periodik atas profil                      Vice President Director on the Company’s risk
   risiko Perusahaan dan status mitigasi;                                profile and mitigation status;
6. Memastikan keselarasan antara tujuan ERM dan                       6. Ensure alignment between the ERM objectives and
   tujuan bisnis dan strategi Perusahaan; dan                            the Company’s business objectives and strategies;
                                                                         and
7. Menetapkan akuntabilitas dan tanggung jawab                        7. Assign accountabilities and responsibilities at
   pada tingkat yang sesuai di seluruh Perusahaan.                       appropriate levels across the Company.


Pengembangan Kompetensi                                               Competency Development
Sepanjang tahun 2023, program pengembangan dan                        Throughout 2023, Head of Risk Management and
sertifikasi yang diikuti oleh Kepala Manajemen Risiko                 Sustainability Unit participated in various development
dan Keberlanjutan adalah:                                             and certification programs as outlined below:


                                                                                                                  Pelaksana
Nama             Topik                                                          Tanggal                Tempat
                                                                                                                  Provider/
Name             Subject                                                        Date                    Venue
                                                                                                                  Facilitator

                 Executive Sharing:                                                        Januari                Inhouse/ Liew
                                                                                  18                   BSD City
                 Experience from Successful South East Asia Projects 2023                 (January)               Mun Leong

                 Sustainability & Climate Risk Certification                      17        April       Jakarta   GARP

                                                                                                                  Inhouse/Hasnul
                                                                                                                  Suhaimi (XL) -
                 Executive Mandatory Program: Shared Leadership, Doing More                  Juni
                                                                                  16                              Ruben Saragih
                 with More                                                                  (June)                (Prasetiya
                                                                                                                  Mulyal ELI)

                                                                                                                  Inhouse/
                                                                                                                  Iwan Prijanto
                 Executive Mandatory Program: The Importance of Green Efforts     7                               (GBCI) - Ignesjz
                 in the Property Business                                                                         Kemalawarta
                                                                                                                  (SML)
                                                                                                       BSD City

                                                                                             Juli                 Inhouse/Betti
                                                                                            (July)                Alisjahbana
                                                                                                                  (IBM - QB
M. Reza                                                                                                           Leadership
                 Executive Mandatory Program: Strategic Partnership
Abdulmajid       Opportunities within Business Ecosystem                          28                              Center) -
                                                                                                                  Alfred Albert
                                                                                                                  Tuwahatu
                                                                                                                  (Prasetiya
                                                                                                                  Mulya ELI)


                 Executive Mandatory Program:                                                                     Inhouse/Farida
                                                                                  4                     Online
                 Green Building Implementation & Financial Support                                                Lasida Adji
                                                                                           Agustus
                                                                                           (August)               Inhouse/
                 Executive Mandatory Program: Designing Sustainable                                               Monash
                                                                                  18
                 and Livable Cities                                                                               University
                                                                                                                  Indonesia

                                                                                                       BSD City   Inhouse/
                 Executive Mandatory Program: Measuring the Impact and            15      September               Dharsono
                 Anticipation of a Carbon Tax                                                                     Hartono

                                                                                                                  Inhouse/
                 Knowledge Sharing Session: Kepemilikan Residential Property               Oktober
                                                                                  6                               Ignesjz
                 Ownership for Foreigners and the Progress                                (October)               Kemalawarta




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                                                                                                                             Pelaksana
      Nama             Topik                                                            Tanggal                  Tempat
                                                                                                                             Provider/
      Name             Subject                                                          Date                      Venue
                                                                                                                             Facilitator

                                                                                                                             Enterprise Risk
                                                                                                                             Management
                       Achieving SDGs Through ESG Performance Based                      18                      Webinar     Academy
                                                                                                                             (ERMA)

                       Executive Mandatory Program: Strategic Leadership: Moving                   Oktober                   Inhouse/Dr.
                                                                                         27       (October)     BSD City
                       from Lessons Learn to a Growth Mindset                                                                John Vong
      M. Reza                                                                                                                Enterprise Risk
      Abdulmajid       International Benchmarking & Masterclass                          17                      Jakarta     Management
                                                                                                                             Academy
                                                                                                                             (ERMA)
                                                                                                                             Inhouse/
                                                                                                                             Juan Intan
                       Executive Mandatory Program:                                      10       November      BSD City     Kanggrawan
                       Leadership in the Context of Digital Transformation                                                   (Jakarta Smart
                                                                                                                             City)




      Berikut ini adalah program pengembangan kompetensi                     The    followings      are   important    competency
      penting yang telah diikuti anggota Unit Manajemen                      development programs attended by members of
      Risiko dan Keberlanjutan dalam pelaksanaan tugas                       the Risk Management and Sustainability Unit in the
      dan tanggung jawabnya masing-masing. Jumlah                            implementation of their duties and responsibilities.
      program pengembangan kompetensi total yang telah                       The total number of competency development
      diikuti oleh Unit Manajemen Risiko dan Keberlanjutan                   programs attended by the Risk Management and
      pada tahun 2023 adalah sebanyak 76 program.                            Sustainability Unit in 2023 were 76 programs.


                                                                                                                             Pelaksana
      Nama             Topik                                                            Tanggal                  Tempat
                                                                                                                             Provider/
      Name             Subject                                                          Date                      Venue
                                                                                                                             Facilitator


                                                                                                                             Inhouse/Betti
                                                                                                                             Alisjahbana
                                                                                                                             (IBM - QB
      Adhitya                                                                                                                Leadership
                       Executive Mandatory Program:                                                  Juli
                                                                                         28                     BSD City     Center) -
      Hendratawan      Strategic Partnership Opportunities within Business Ecosystem                (July)                   Alfred Albert
                                                                                                                             Tuwahatu
                                                                                                                             (Prasetiya
                                                                                                                             Mulya ELI)

                                                                                                                             Inhouse/
                                                                                                                             Juan Intan
                       Executive Mandatory Program:
      Ramzi Rinaldhi   Leadership in the Context of Digital Transformation               10       November      BSD City     Kanggrawan
                                                                                                                             (Jakarta Smart
                                                                                                                             City)

                                                                                                                             Inhouse/
      Rangga                                                                                         Juli                    PT Binnovate
                       Advanced Development Program                                       3                     BSD City
      Adisapoetra                                                                                   (July)                   Prima Solusi
                                                                                                                             (BINUS)


      Abdurrahman                                                                                  Agustus
                       Cyber Risk Management Fundamentals                                10                      Jakarta     CRMS
      Hakim Soesilo                                                                                (August)


      Astian Qintara   Information Security Training Series                              25       November      E-Learning   Inhouse


      Anggayasti       ESG Fundamentals                                                  12       Juli (July)    Jakarta     CRMS
      Hayu Anindita

      Adri
                       Optimizing Business Continuity Strategy                                                               ERMA - IRMAPA
      Andrian          to Achieve Sustainable Objectives                                 27       September      Webinar     - MARSH
      Furqon

      Aldi Pratama     Unlock The Power of Model Ops:                                                Mei
                                                                                         16                      Webinar     Asia Risk
      Irawan           Orchestrating Your Success in Risk Management                                (May)




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                                                                                                                      Pelaksana
Nama              Topik                                                            Tanggal                Tempat
                                                                                                                      Provider/
Name              Subject                                                          Date                    Venue
                                                                                                                      Facilitator

Aufi
                                                                                                Mei
Belladiena        Digital Transformation and Sustainability                         29         (May)     E-Learning   Inhouse
Haq
Florentina
                                                                                                                      Golden Regency
Krisanti          Task Force on Climate-Related Financial Disclosures               12       September     Public     Consulting
Sekarwiti
Faris Afif        Tech Forum Startup Network: Bridging Ideas from Tech Frontiers     3       November    BSD City     Inhouse
Saiffudin

Lukman                                                                                        Agustus                 Golden Regency
                  Environmental, Social, and Government (ESG)                        9                     Public
Permadi                                                                                       (August)                Consulting




Laporan Ringkas Tahun 2023                                              Brief Report on Activities in 2023
Sepanjang tahun 2023, Unit Manajemen Risiko dan                         Throughout 2023, the Risk Management and
Keberlanjutan telah melakukan kegiatan berikut:                         Sustainability Unit has undertaken the following
                                                                        activities:

1. Pelaporan kepada BOC telah diselenggarakan pada                      1. Reporting activity to the BOC had been held on
   tanggal 20 Maret 2023 dan 9 November 2023.                              March 20th, 2023 and November 9th, 2023.

2. Sebagai bagian dari proses manajemen risiko,                         2. As a part of the risk management process, risk
   risk re-assessment yang melibatkan seluruh                              re-assessment that involves all business and
   fungsi bisnis dan operasional di Perusahaan telah                       operations in the Company had been held in the
   diselenggarakan pada periode kuartal 2 tahun 2023.                      second quarter in 2023.

3. Sosialisasi berkala terkait proses manajemen risiko                  3. Periodical socialization related to risk management
   beserta tools system ERM dilakukan bersamaan                             process along with ERM system tools was held
   dengan kegiatan risk re-assessment yang                                  alongside the risk re-assessment that was held for
   diselenggarakan pada periode kuartal 2 tahun 2023.                       the second quarter of 2023.

4. Pada tahun 2023, 3 dari 10 anggota tim didalam                       4. In 2023, three of 10 team members in the Risk
   Unit Manajemen Risiko dan Keberlanjutan telah                            Management and Sustainability Unit has been
   mendapatkan sertifikasi dari Lembaga sertifikasi                         certified by the risk management certification
   manajemen risiko yang diakui di Indonesia.                               institutions recognized in Indonesia.

5. Sebagai bagian dari pengelolaan manajemen risiko                     5. As a part of operating risk management and
   operasional dan dalam rangka mendukung bisnis                           in supporting the Company’s business and
   serta operasional Perusahaan, tim risk manajemen                        operations, the risk management team had done
   telah melakukan beberapa hal sebagai berikut:                           the following activities:
   a. Review berkala atas pengendalian internal,                           a. Periodical reviews on internal control,
       khususnya yang berkaitan dengan aktivitas                              particularly in relations with the product quality
       kualitas produk.                                                       activities.
   b. Observasi berkala atas penerapan penanganan                          b. Periodical observation on the implementation
       kebakaran (fire drill) pada lokasi prioritas di tahun                  of fire drills in priority locations in 2023.
       2023.
   c. Observasi berkala atas penerapan pengetesan                          c. Periodical      observation     on     the     test
       keamanan teknlogi informasi (security) pada                            implementation of information technology
       objek dan lokasi prioritas di tahun 2023.                              security in priority objects and locations in 2023.




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      6. Sebagai bagian dari pengelolaan business                 6. As a part of business continuity management,
         continuity management, Unit Manajemen Risiko dan            the Risk Management and Sustainability Unit
         Keberlanjutan telah melakukan pemutakhiran atas             has updated the business impact analysis on the
         business impact analysis pada unit bisnis prioritas di      priority business units of the Company.
         Perusahaan.

      7. Sebagai bagian dari continuous improvement               7. As a part of continuous improvement of the
         penerapan manajemen risiko, Unit Manajemen Risiko           risk management implementation, the Risk
         dan Keberlanjutan telah melakukan pemutakhiran              Management and Sustainability Unit has updated
         daftar risiko yang disesuaikan dengan proses bisnis         the risk inventories to align with the most updated
         terbaru di tahun 2023, dan tim juga melakukan               business process in 2023; and the team had
         kunjungan fisik ke beberapa lokasi prioritas di tahun       also conducted physical visit to several priority
         2023 dalam rangka meningkatkan pengetahuan                  locations in 2023 to improve team knowledge on
         tim terhadap bisnis dan operasional dilapangan              the on-site business and operations to better the
         sehingga membantu mempertajam kemampuan                     skills in conducting risk management assessment,
         didalam melakukan penilaian manajemen risiko,               especially in updating the risk contexts and scope
         khususnya pengkinian konteks dan ruang lingkup              of work in the Company’s business locations and
         risiko di lokasi bisnis dan operasional Perusahaan.         operations.

      8. Memulai pelaksanaan piloting pengelolaan sampah          8.    Started the piloting of sustainable waste
         berkelanjutan pada 4 lokasi pilot, yaitu The Icon,            management in four pilot locations, namely The
         Vanya Park, De Park dan Casa De Parco.                        Icon, Vanya Park, De Park and Casa De Parco.

      9. Melakukan persiapan dan pelaksanaan Renewable            9. Prepared and implemented Renewable Energy
         Energy Certificate (REC) Ceremony pada bulan                Certificate (REC) Ceremony in March 2023.
         Maret 2023.

      10. Pelaksanaan penilaian ESG Rating untuk tahun 2023.      10. Implemented ESG Rating for 2023.

      11. Pengembangan lanjutan SR System,               untuk    11. Continued the development of SR System to
          pengumpulan data keberlanjutan.                            collect sustainability data.

      12. Finalisasi Kebijakan Terkait Uji Kelayakan              12. Completion of Policies related to Feasibility Study
          Lingkungan, Sosial dan Tata Kelola (ESG) Pada               on Environment, Social and Governance (ESG) in
          Investasi Baru serta melakukan pembaharuan atas             New Investments and to update the Environmental
          Kebijakan Manajemen Lingkungan.                             Management Policy.

      13. Melanjutkan pelaksanaan program aspal dengan            13. Continued the implementation of asphalt program
          campuran plastik dalam rangka mengurangi sampah             with plastic mix to reduce plastic waste.
          plastik.

      14. Melakukan peningkatan kapasitas internal melalui        14. Increased the internal capacity through trainings
          pelatihan dan pengembangan di dalam Unit                   and development in Risk Management and
          Manajemen Risiko dan Keberlanjutan.                        Sustainability Unit.

      15. Melakukan pengumpulan dan pembaharuan data              15. Collected and updated Greenhouse Gas (GHG)
          Greenhouse Gas (GHG) Inventory Scope 1,2 dan 3.            Inventory Scope 1,2 and 3 data.




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RISK MANAGEMENT SYSTEM
[SEOJK 2.g.11] [ACGS E.3.17]




Sejak 1 Juli 2013, Perusahaan telah menerapkan            Since July 1st, 2013, the company has implemented the
Kerangka Manajemen Risiko Perusahaan (ERM)                Corporate Risk Management Framework (ERM), which
yang telah diperbaharui beberapa kali dengan              has undergone multiple updates, with the latest revision
pembaharuan terakhir pada 26 September 2021.              dated September 26th, 2021. This framework is dedicated
Kerangka ERM bertujuan untuk melindungi                   to safeguarding all stakeholders through comprehensive
kepentingan semua pemangku kepentingan.                   and systematic risk management practices. Regular
Kerangka ERM ini secara berkesinambungan                  assessments are conducted to evaluate both the
dievaluasi penerapan dan efektivitasnya.                  execution and efficacy of the framework.

Sejak 2021, Perusahaan makin sadar akan dampaknya         Since 2021, the Company has recognized its escalating
yang signifikan dan makin luas kepada makin               influence on an expanding array of stakeholders.
banyak pemangku kepentingan. Karena itu, ERM              Consequently, the ERM framework has undergone
diperbaharui sehingga mampu memperluas lingkup            enhancements to broaden the spectrum of risk
penerapan manajemen risiko yang mencakup isu-             management practices and now encompasses issues
isu terkait keberlanjutan Perusahaan, termasuk di         related to the Company’s sustainability, incorporating
dalamnya risiko-risiko terkait Lingkungan, Sosial dan     risks associated with Environmental, Social and
Tata Kelola (ESG), serta perubahan iklim. Risiko-risiko   Governance (ESG), alongside climate change. Notably,
terkait ESG diintegrasikan ke dalam kategori risiko       ESG-related risks have been integrated within the
yang telah ada dan tidak membuat kategori risiko          current risk categories rather than being established
yang terpisah.                                            as a distinct category.

Kami menerapkan prinsip-prinsip ERM berstandar            We implement globally recognized ERM principles
internasional yang disesuaikan dengan lingkungan          tailored to the Company’s specific business
bisnis dan budaya Perusahaan, yaitu sebagai berikut:      environment and culture, namely:
a. ERM merupakan bagian tidak terpisahkan                 a. ERM constitutes a integral part across all
    dari seluruh proses dalam organisasi dan akan             organizational processes, ensuring its integration
    dilekatkan pada semua aktivitas, proses dan sistem;       into every activity, procedure, and system;
b. ERM merupakan bagian tidak terpisahkan dari            b. ERM is an integral part of the decision-making
    proses pengambilan keputusan;                             processes;
c. ERM didasarkan pada informasi risiko yang              c. ERM is based on available risk information;
    tersedia;
d. ERM merupakan proses yang dinamis, dapat               d. ERM is a dynamic process, iterative, responsive to
    diulang (iteratif), responsif terhadap perubahan         change and adaptable;
    dan dapat disesuaikan;
e. ERM disesuaikan dan mendukung tujuan strategis         e. ERM is customized and supports strategic and
    dan bisnis;                                              business goals;
f. ERM merupakan proses yang digerakkan                   f. ERM is a process driven by the involvement of
    oleh keterlibatan sumber daya manusia dan                human resources and fostering accountability
    menciptakan tanggung jawab secara menyeluruh             across all involved parties;
    dari semua pihak;
g. ERM merupakan proses yang senantiasa                   g. ERM is ongoing process requires continual
    berevolusi dan memerlukan pengembangan yang              development.
    berkesinambungan.




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      Implementasi Kerangka ERM secara spesifik                               The application of the ERM Framework specifically
      bertujuan mencapai hal berikut:                                         aims to accomplish the following:
      a. Memfasilitasi identifikasi dari risiko bisnis dan                    a. Facilitate the identification of business risks and
         potensi dampak yang mungkin terjadi, baik positif                       assess their potential impact, whether positive or
         maupun negatif, dalam pencapaian target bisnis                          negative, in achieving the Company’s strategic
         Perusahaan;                                                             goals;
      b. Mengembangkan dan mengilhami budaya risiko                           b. Develop and instill a corporate risk culture within
         Perusahaan;                                                             the Company;
      c. Mendorong pengambilan risiko yang sesuai                             c. Encourage desired risk taking behaviors;
         dengan ekspektasi Perusahaan;
      d. Mendukung pengambilan keputusan berbasis                             d. Promote the adoption of risk-based decision
         risiko;                                                                 making;
      e. Menetapkan peran dan tanggung jawab ERM                              e. Define distinct roles and responsibilities for ERM
         secara jelas dalam Perusahaan;                                          across the Company;
      f. Mendorong informasi terkait risiko Perusahaan                        f. Promote timely and accurate Company-related risk
         yang tepat waktu dan akurat; dan                                        information; and
      g. Meningkatkan kesiapan Perusahaan dalam                               g. Enhance the Company’s readiness to manage risks.
         menghadapi risiko-risiko yang mungkin terjadi.


      Pemetaan dan Mitigasi Risiko                                            Risk Mapping and Mitigation
      Proses pemetaan dan pengukuran risiko yang                              The Company engages in a comprehensive process
      dilakukan Perseroan terhadap berbagai aspek dalam                       of mapping and evaluating risks across different
      operasinya. Proses ini juga mempertimbangkan                            aspects of its operations. This process takes into
      perubahan lingkungan, baik faktor        eksternal                      account environmental changes, both external and
      maupun internal.                                                        internal factors.

      Kami mengklasifikasikan risiko yang dihadapi                            We classify the Company’s risks into five categories.
      Perusahaan menjadi 5 (lima) kategori. Masing-masing                     Each category is supplemented by its corresponding
      kategori diperlengkapi dengan sistem mitigasi                           mitigation system, outlined as follows:
      masing-masing sebagai berikut:
      [SEOJK 2.g.12.b] [ACGS E.3.19]



                               Jenis Risiko                                                      Mitigasi
      No.
                                Risk Type                                                        Mitigation


      1. Risiko Keuangan, yaitu risiko akibat posisi             •   Mengkaji eksposur instrumen keuangan Perusahaan yang sensitif
         instrumen keuangan dan kegiatan keuangan,                   terhadap suku bunga dan melakukan analisa sensitivitas.
         yang meliputi risiko kredit, risiko likuiditas,             Reviewing the coverage of the Company’s financial instruments that are
         risiko pasar dan pelaporan keuangan.                        sensitive to interest rates and overseeing sensitivity analysis.

            Financial Risks, are risks resulting from            •   Melakukan lindung nilai alami terhadap mata uang asing.
            financial instrument position and financial              Conduct inherent hedging against foreign currency.
            activities, which includes credit risks, liquidity
            risk, market risk and financial reporting.           •   Melakukan pemantauan pasar dan memastikan eksposur risiko terhadap
                                                                     volatilitas investasi dijaga pada kondisi minimum.
                                                                     Observing the market and ensuring that risk exposure to investment
                                                                     volatility is maintained to a minimum.

                                                                 •   Menjaga tingkat Kas dan setara Kas beserta fasilitas pendanaan yang
                                                                     memadai bagi manajemen untuk membiayai kegiatan operasional.
                                                                     Retaining the level of Cash and Cash equivalents along with adequate
                                                                     funding facilities for management to finance operational activities.




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2. Risiko Proyek, yaitu risiko yang mungkin terjadi   Pengelolaan risiko menggunakan beberapa kontrol internal dan menjaga
   dalam semua fase proyek pengembangan               hasil dari pengembangan proyek (meliputi ketepatan waktu penyelesaian
   properti, termasuk perencanaan proyek,             proyek, kualitas dan efisiensi biaya). Kualitas pengembangan produk juga
   koordinasi,     pelaksanaan       dan     tahap    telah dimonitor melalui indikator-indikator terkait seperti rasio Customer
   penyelesaian.                                      Acceptance.

    Project Risk, i.e. risks that may appear in all   Risk management uses several internal controls and retains the results of
    stages of a property development project,         project development (covering timeliness of project completion, quality and
    including project planning, coordination,         cost efficiency). The quality of product development has also been observed
    implementation and completion stages.             through related indicators such as the Customer Acceptance ratio.



3. Risiko Hukum/Kepatuhan, yaitu risiko yang          Komunikasi yang aktif dan hubungan baik dengan otoritas terkait, asosiasi
   timbul dari perubahan hukum dan undang-            properti dan melakukan pemantauan terhadap perubahan-perubahan
   undang, kepatuhan terhadap regulator               perundangan-undangan maupun kepatuhan.
   dan peraturan pemerintah daerah dan/
   atau sengketa dengan pihak ketiga terkait
   tindakan hukum yang dapat mempengaruhi
   Perusahaan.

    Legal/Compliance Risk, i.e. risk of changes in    Active communication and good relations with relevant authorities, property
    law and legislations, comply to the regulators    associations and observing changes in legislation and compliance.
    and local government regulations and/or
    disputes with third parties related to legal
    actions that may impact the Company.



4. Risiko Strategis, yaitu risiko yang muncul         Memberikan informasi mengenai pasar dan pesaing untuk unit kerja terkait
   akibat ketidakakuratan perencanaan atau            agar mengambil langkah-langkah yang diperlukan sesuai dengan rencana
   penerapan strategi bisnis atau perubahan           kerja masing-masing. Misalnya, risiko Perusahaan tidak mampu mencapai
   lingkungan bisnis eksternal, yang dapat            target bisnis karena kegagalan dalam menjawab persaingan usaha secara
   mempengaruhi Perusahaan dalam jangka               tepat, perubahan asumsi strategis, serta kondisi pasar dan ekonomi yang
   panjang.                                           kurang menguntungkan.


    Strategic Risk, i.e. the risk that appears due    Provide information related to the market and competitors for the relevant
    to inaccurate planning or the application of      work units to take the required actions in line with their respective work plans.
    business strategies or changes in the external    For example, the Company is not able to achieve its business targets due to
    business environment, which can affect the        failure to respond to business competition appropriately, changes in strategic
    Company in the long term.                         assumptions as well as unfavorable market and economic conditions.



5. Risiko Operasional, yaitu risiko yang timbul       Melakukan identifikasi, evaluasi dan mitigasi terhadap risiko utama pada
   akibat kelemahan atau ketidak-cukupan              masing-masing unit kerja yang tertuang dalam profil risiko unit kerja. Tingkat
   proses internal, sumber daya manusia, sistem       risiko dan kecukupan dari kontrol yang ada akan ditinjau setiap tahun dan
   teknologi [ACGS (B)E.5.1], atau peristiwa          langkah-langkah perbaikan diawasi secara berkala.
   eksternal yang mempunyai dampak pada
   operasional sehari-hari.

    Operational Risk, i.e. the risk appears           Identifying, evaluating and mitigating the major risk in each work unit as
    from weakness or lack of internal process,        indicated in the work unit risk profile. The risk level and and adequacy of
    human resources, technological system, or         existing controls will be reviewed annually and corrective measures monitored
    external events that have an impact on daily      regularly.
    operations.




Selain itu, untuk risiko-risiko yang terkait dengan                 Besides, for Information Technology (IT) related risks,
Teknologi Informasi (TI), Perusahaan telah menyusun                 the Company has established an IT Disaster Recovery
IT Disaster Recovery Plan (ITDRP) dengan didasarkan                 Plan (ITDRP) based on in-depth analysis on key
oleh kajian mendalam atas risiko-risiko utama terkait               risks related to the field. ITDRP depicts framework,
dengan bidang tersebut. ITDRP menggambarkan                         strategy and guidelines to restore infrastructure and
kerangka kerja, strategi dan panduan untuk                          facilities from disorders that leads to disruption and
memulihkan infrastruktur dan fasilitas dari gangguan                effects on Information Technology services. The
yang berdampak terhadap gangguan dan layanan                        ITDRP Guidelines is stipulated in the Decree No.




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      Teknologi Informasi. Pedoman ITDRP tertuang pada         ERM-04 dated December 16th, 2014 and have been
      Keputusan No.ERM-04 tanggal 16 Desember 2014             implemented since 2014 along with risk management
      dan telah diterapkan sejak tahun 2014 bersamaan          framework.
      dengan kerangka manajemen risiko.

      Selain risiko-risiko di atas, Perusahaan juga            In addition to the risks above, the Company also
      mengidentifikasi isu-isu yang berhubungan dengan         identifies Environment, Social and Governance (ESG)
      Lingkungan, Sosial dan Tata Kelola (ESG) sebagai         issues as additional risk factors that could influence
      risk driver yang berpotensi memperbesar risiko yang      the current risks.
      telah ada.


      Tinjauan atas Efektivitas Sistem Manajemen Risiko        Review of the Efficacy of the Risk Management
      [SEOJK 2.g.12.b] [ACGS E.3.18]                           System
      Direksi dan BOC menilai bahwa sistem manajemen           The Directors and the BOC acknowledge the effective
      risiko pada tahun 2023 telah dilakukan secara efektif.   implementation of the risk management framework
      Semua risiko yang muncul telah teridentifikasi dan       in 2023. All potential risks have been identified and
      telah memiliki langkah mitigasi sebelum terjadi.         corresponding mitigation strategies have been
      Sebagian besar proses bisnis telah menjadi bagian di     available prior to happening. Most business processes
      dalam sistem manajemen risiko.                           have been integrated into the risk management
                                                               framework.

      Lebih lanjut, manajemen risiko secara konsisten          Moreover, the risk management is consistently
      disosialisasikan di   semua   level  Perusahaan          communicated throughout all tiers of the Company
      sehingga dapat dipahami dan diinternalisasi oleh         to ensure comprehension and assimilation by all
      semua karyawan Perusahaan. Sosialisasi dilakukan         employees. This dissemination is facilitated through
      melalui komunikasi langsung maupun situs internal        direct communication and the Company’s internal
      Perusahaan.                                              website.


      Pernyataan Direksi atas Kecukupan Sistem                 Director’s Statement regarding the Adequacy of
      Manajemen Risiko [SEOJK 2.g.12.c] [ACGS E.3.20]          the Risk Management System
      Kami menegaskan bahwa penerapan manajemen                We confirm that the risk management implemented
      risiko untuk tahun buku yang berakhir pada tanggal       for the financial year ending December 31st, 2023 has
      31 Desember 2023 telah memberikan reasonable             presented reasonable assurance, though not absolute.
      assurance, tetapi tidak absolut, Perusahaan tidak        The Company will not be negatively affected by events
      akan terpengaruh secara negatif, oleh peristiwa yang     that could reasonably be expected. Furthermore, it is
      secara wajar dapat diperkirakan. Lebih lanjut, kami      important to note that no internal control system can
      juga menyatakan bahwa tidak ada manajemen risiko         guarantee absolute assurance, against the incidence
      yang dapat memberikan absolute assurance dalam hal       of material errors, poor judgment in decision making,
      ini, terhadap terjadinya kesalahan material, penilaian   human errors, losses, fraud or other irregularities.
      yang buruk dalam pengambilan keputusan, kesalahan
      manusia, kerugian, penipuan atau penyimpangan
      lainnya.




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SUBSTANTIAL LEGAL CASES
[SEOJK 2.g.13]




Kami tidak menghadapi perkara hukum yang                  As of December 31st, 2023, there have been no
signifikan sampai dengan 31 Desember 2023, yang           notable legal cases involving members of the BOC or
melibatkan para anggota BOC maupun Direksi.               the Directors.

Kami berkeyakinan bahwa kewajiban yang mungkin            We believe that any potential liabilities stemming from
timbul atas gugatan hukum atau tuntutan dari pihak        legal actions or claims by third parties will have minimal
ketiga, jika ada, tidak akan mempengaruhi posisi          impact on our future financial position and operational
keuangan dan hasil operasi di masa yang akan              results. Furthermore, the Company has not incurred
datang secara signifikan. Dari permasalahan hukum         any administrative penalties related to legal matters.
yang terjadi tidak ada sanksi administratif yang
dikenakan kepada Perusahaan. [SEOJK 2.g.13.c]

Perusahaan memiliki Divisi Hukum yang bertugas            The Company has a Legal Division responsible for
menjaga kepentingan Perusahaan dari sisi hukum            protecting the Company’s interests and ensuring
serta memastikan bahwa kegiatan kami berada               compliance with pertinent laws and regulations.
dalam koridor hukum dan perundang-undangan
yang berlaku.

Perkara Penting Yang Dihadapi Perusahaan                  The Company’s Substantial Lawsuits
[SEOJK 2.g.13.a] [SEOJK 2.g.13.b]
Pada tahun 2023, tidak ada perkara hukum dan              In 2023, the Company did not encounter any new legal
kewajiban bersyarat baru yang dihadapi Perusahaan.        matters or contingencies.

Perusahaan menghadapi enam (6) gugatan oleh pihak         The Company is a party to six (6) lawsuits in connection
ketiga, mengenai sertifikat HGB. Perusahaan telah         with the Building Use Rights Certificate. The Company
memenangkan seluruh perkara tersebut di tingkat           has won all the cases in the High Court of DKI Jakarta.
banding di Pengadilan Tinggi DKI Jakarta. Di tingkat      Six (6) cases have been ruled in favor of the Company
kasasi, enam (6) perkara telah dimenangkan oleh           based on the Supreme Court. As of date of completion
Perusahaan. Sampai dengan tanggal penyelesaian            of the consolidated financial statements, three (3)
laporan keuangan konsolidasian, tiga (3) perkara          cases in MARI were settled and have been decided
di tingkat MARI telah diputus yang dimenangkan            in favor of the Company and three (3) cases have not
oleh Perusahaan dan tiga (3) perkara belum ada            been announced whether the third parties will appeal
pemberitahuan apakah pihak ketiga akan mengajukan         for reevaluation.
peninjauan kembali.

Perusahaan menghadapi delapan (8) perkara                 The Company is a party to eight (8) lawsuits in
mengenai HGB. Perusahaan telah memenangkan                connection with the Building Use Rights Certificate.
perkara tersebut. Pihak penggugat dari seluruh            The Company has won those cases. The plaintiff of all
perkara tersebut mengajukan banding dan sudah             those lawsuits filed for appeal. All cases were settled
diputus dan dimenangkan oleh Perusahaan. Dari             in appeal process and had been decided in favor
delapan (8) perkara banding yang telah putus, tujuh       of the the Company. Whereas, those eight (8) cases
(7) perkara naik ke tingkat kasasi dan satu (1) perkara   were settled, seven (7) cases entered appeal process
sudah memiliki kekuatan hukum tetap, karena pihak         and one (1) case already had permanent legal force,
ketiga tidak melakukan upaya hukum kasasi ke              because a third party did not file an appeal to MARI.
MARI. Pada perkara di tingkat kasasi sudah diputus        In Supreme Court, seven (7) cases were settled by the
tujuh (7) perkara oleh MARI pada yang dimenangkan         MARI and have been decided in favor of the Company.




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      oleh Perusahaan. Dari tujuh (7) perkara di tingkat      From those seven (7) cases at the cassation level, three
      kasasi tersebut, terdapat tiga (3) perkara yang telah   (3) cases were settled on and have verdict in favor of
      diputus di tingkat peninjauan kembali oleh MARI dan     the Company.
      dimenangkan oleh Perusahaan.

      Perkara-perkara ini telah tertuang dalam Laporan        Please refer to the Consolidated Financial Statements
      Keuangan Konsolidasi Perusahaan untuk tahun yang        of the Company for the year ending on December
      berakhir pada 31 Desember 2023 dan 2022, Catatan        31st, 2023 and 2022 Note No.46 on Legal Matters and
      No.46 tentang Perkara Hukum dan Kewajiban               Contingencies.
      Bersyarat.


      Perkara Penting yang Dihadapi Entitas Anak              The Subsidiary’s Substantial Lawsuits
      [SEOJK 2.g.13.a] [SEOJK 2.g.13.b]
      Pada tahun 2023, tidak ada perkara hukum dan            In 2023, there were no outstanding legal cases or
      kewajiban bersyarat yang masih dihadapi Entitas Anak    contingencies being addressed to our subsidiaries.
      Perusahaan.




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INFORMATION ABOUT ADMINISTRATIVE SANCTIONS
[SEOJK 2.g.14]




Pada tahun 2023, Perusahaan maupun Entitas Anak,              In 2023, neither the Company nor the Subsidiaries has
tidak dikenakan sanksi administratif maupun non               been subjected to administrative or non-administrative
administratif.                                                sanctions.


Pelanggaran yang Dilakukan Perusahaan                   Violation by the Company                                 2023


Kelalaian memberikan hak yang setara kepada semua       Negligence grants equal rights to all shareholders
pemegang saham dalam hal penjualan saham baru atau      regarding the sale of new shares or repurchase
pembelian kembali saham.                                shares.                                                   X



Kelalaian memberikan hak yang setara kepada semua       Negligence grants equal rights to all shareholders in
pemegang saham dalam hal keterbukaan informasi.         terms of information disclosure.
                                                                                                                  X



Kelalaian menyatakan mata acara di dalam panggilan      Failure to specify agenda items in the GMS invitation.
RUPS.                                                                                                             X


Pelanggaran atau ketidakpatuhan pada undang-undang      Violations or non-compliance within the Company’s
atau ketentuan yang berlaku di wilayah operasional      operational areas, whether pertaining to labor,
Perusahaan, baik terkait tenaga kerja, konsumer,        consumer, competition or other relevant areas.            X
persaingan dan lainnya



Pelanggaran atau ketidakpatuhan pada undang-undang      Violation or non-compliance pertinent laws and
atau ketentuan yang berlaku di bidang pasar modal.      regulations within the capital markets issues.            X


Perdagangan orang dalam.                                Insider trading.                                          X

Kelalaian dalam pengungkapan informasi material dalam   Failure to disclose material information within the
jangka waktu yang telah ditetapkan                      specified period.                                         X


Laporan keuangan Perusahaan mendapatkan opini           The Company’s financial statements receive an
“Wajar Dengan Pengecualian” atau “Tidak Wajar” atau     opinion of “Qualified Opinion”, “Adverse Opinion”,
“Tidak Memberikan Pendapat”.                            “Disclaimer Opinion”.                                     X




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      CODE OF CONDUCTS
      [SEOJK 2.g.15]




      Perusahaan menetapkan Kode Etik dengan Surat              The Company established the Code of Conduct under
      No.HC-00.01 tanggal 28 Maret 2013. Tujuannya adalah       Letter No.HC-00.01, issued on March 28th, 2013. This
      agar semua karyawan Perusahaan menjunjung tinggi          code aims to ensure that all employees maintain a high
      standar etika perilaku bisnis serta berlaku adil, jujur   standard of ethical business conduct, emphasizing
      dan hormat kepada orang lain.                             fairness, honesty and respect towards others.

      Pokok-pokok yang tercantum dalam Kode Etik adalah:        The main points in the Code of Conducts are:
      [SEOJK 2.g.15.a] [ACGS E.2.1]
      1. Kepatuhan terhadap hukum, regulasi, kebijakan          1. Compliance with laws, regulations, policies and
          dan prosedur;                                             procedures;
      2. Keunggulan dalam kinerja;                              2. Excellence in performance;
      3. Tanggung jawab kepedulian, termasuk sikap              3. Duty of care, including attitude toward others,
          terhadap orang lain, mengkonsumsi narkotika               consumption of narcotics and alcoholic drinks,
          dan minuman keras, pelecehan seksual, perjudian,          sexual harassment, gambling, and clean desk
          serta kebiasaan tempat kerja yang rapi;                   habit;
      4. Informasi rahasia;                                     4. Confidential information;
      5. Penyebaran data Perusahaan;                            5. Disclosure of Company data;
      6. Pengembangan proyek;                                   6. Project development;
      7. Benturan kepentingan;                                  7. Conflict of interest;
      8. Pekerjaan sampingan;                                   8. Outside employment;
      9. Directorship di Perusahaan atau jajaran manajemen      9. Directorship in the Company or member of the
          di perusahaan lain dimana Perusahaan memiliki             companies where the Company has business
          kepentingan bisnis;                                       interest;
      10. Tata cara berpakaian;                                 10. Dress code;
      11. Penggunaan tanda pengenal karyawan;                   11. Use of employee ID card;
      12. Penggunaan dana Perusahaan;                           12. Use of Company Fund;
      13. Peraturan IT; dan                                     13. IT regulations; and
      14. Pemakaian peralatan kantor dan perabotan              14. Use of Company office equipment and furniture.
          Perusahaan.


      Penerapan dan Sosialisasi Kode Etik                       Implementation and Socialization of the Code of
      [SEOJK 2.g.15.b]                                          Conducts
      Setiap karyawan wajib mematuhi Kode Etik, peraturan,      Every employee is required to adhere to the Company’s
      regulasi, semua kebijakan dan prosedur Perusahaan.        Code of Conduct, rules, regulations, policies and
      Perilaku karyawan adalah tanggung jawab karyawan,         procedures. It is the responsibility of each employee
      di mana kepatuhan menegaskan komitmen karyawan            to uphold proper conduct, while compliance signifies
      terhadap standar integritas tertinggi dalam hubungan      their dedication to maintaining the highest standards
      satu sama lain. [ACGS E.2.2]                              of integrity in their interactions with colleagues.

      Setiap Kepala Divisi bertanggung jawab untuk              Each Division Head is tasked with guaranteeing
      memastikan kepatuhan setiap karyawan dengan               employee compliance by being role models




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menjadi panutan melalui kata-kata dan perbuatan,         through both words and actions, fostering open
komunikasi terbuka, memastikan setiap karyawan           communication, ensuring all employees comprehend
mengerti isi Kode Etik, dan mengambil tindakan wajar     the Code’s contents and taking necessary measures to
agar setiap tindakan tidak etis dapat dideteksi dan      identify and rectify unethical behavior.
ditangani.

Kode Etik disosialisasikan melalui situs internal        The Code of Conduct is disseminated through the
Perusahaan. Setiap perubahan dalam Kode Etik             Company’s internal platforms. Any modifications to
akan diinformasikan melalui situs tersebut. Program      the Code will be communicated through the same
Onboarding for New Hire mengintegrasikan Kode Etik       channels. The Onboarding program for new hires
sebagai salah satu materi untuk karyawan baru. Kami      includes the Code of Conduct as essential material for
juga dalam proses untuk mendorong standar ini keluar     orientation. Our efforts are underway to expand this
organisasi, yaitu rekan-rekan bisnis kami.               protocol beyond internal boundaries, specifically our
                                                         business partners.

Penerapan Kode Etik dilakukan hingga menjadi budaya      Implementation of the Code of Conduct is integral
Perusahaan. Setiap karyawan harus menandatangani         to fostering a corporate culture. It is mandatory for
surat pernyataan menaati Kode Etik yang diperbaharui     all employees to annually sign an updated statement
setiap tahun. Surat Pernyataan yang menyatakan           affirming their commitment to adhere the Code of
bahwa karyawan telah membaca dan memahami                Conduct. It stated that employees have thoroughly
Kode Etik Perusahaan terkait benturan kepentingan,       reviewed and comprehended the Company’s
gratifikasi serta seluruh hal yang terkandung di dalam   regulations on conflicts of interest, gratuities and all
Kode Etik dan Peraturan Perusahaan.                      other guidelines outlined in the Code of Conduct and
                                                         Corporate Rules.

Setiap pelanggaran Kode Etik akan memberikan             All violations of the Code of Conduct will result in
konsekuensi yang tegas dan sama kepada semua             uniform and strict consequences for all offenders.
pelanggar. Perusahaan juga mendorong pengawasan          The Company advocates for oversight of Code of
terhadap implementasi Kode Etik melalui sistem           Conduct adherence through a whistleblower system
pelaporan pelanggaran yang merupakan tanggung            overseen by the Head of the Human Capital Unit, who,
jawab Kepala Unit Human Capital yang pada gilirannya     in turn, reports to the Directors. The Company ensures
melapor kepada Direksi. Perusahaan melindungi            protection for individuals reporting violations from
setiap pelapor pelanggaran dari semua tindak             any form of retaliation. Notably, in 2023, there were
balasan. Sepanjang tahun 2023, tidak ada laporan         no reported instances of Code of Conduct violations
masuk terkait pelaporan pelanggaran Kode Etik di         within the Company.
lingkungan Perusahaan. [ACGS E.2.3]


Tujuan dan Isi Kode Etik                                 Purpose and Contents of the Code of Conducts
Tujuan Kode Etik:                                        Purpose of the Code of Conducts:
1. Membentuk karyawan agar memiliki tingkat              1. Foster a high level of honesty, ethics and legal
   kejujuran yang tinggi, beretika dan berperilaku          conduct of its employee;
   patuh hukum;
2. Memberi panduan mengenai etika kerja yang             2. Provide guidelines on work ethics that must be
   harus dipatuhi dan dilaksanakan secara profesional       duly adhered and carried out in a professional and
   dan bertanggungjawab;                                    responsible manner;
3. Memandu       karyawan     mengenal     kebiasaan     3. Guide the employees to recognize the behavioral
   berperilaku yang dapat menjaga keyakinan                 habits that can preserve confidence in the
   terhadap integritas Perusahaan;                          Company’s integrity;
4. Mendorong ketaatan terhadap standar-standar           4. Encourage adherence to standards to protect
   untuk melindungi dan mendukung kepentingan               and support the shareholders and stakeholders’
   para    pemegang       saham     dan   pemangku          interests;
   kepentingan;
5. Mendukung misi, visi dan nilai Perusahaan.            5. Support the Company’s mission, vision and values.




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                                                                                                PT Duta Pertiwi Tbk




      Kode Etik menyatakan bahwa setiap karyawan wajib          The Code of Conducts stipulates that every employee
      untuk senantiasa: [ACGS E.2.1]                            shall always:
      1. Mematuhi semua hukum, peraturan dan regulasi           1. Comply with all applicable laws, rules and
         yang berlaku dalam melakukan kegiatan dan bisnis;         regulations in conducting activities and business;
      2. Bertindak dengan integritas dan jujur setiap saat      2. Act with integrity and honesty at all times and
         dan pada semua keadaan;                                   under all circumstances;
      3. Bertanggungjawab       secara  individu    dalam       3. Individually responsible in complying with all
         mematuhi semua peraturan, regulasi, kebijakan             rules, regulations, policies and the Company’s
         dan prosedur Perusahaan;                                  procedures;
      4. Melindungi integritas dan reputasi Perusahaan          4. Safeguard the Company’s integrity and reputation is
         merupakan prioritas utama dari setiap karyawan            his/her main priority in performing their respective
         dalam melakukan tugas masing-masing.                      duties.


      Kode Etik terhadap Vendor                                 Code of Conducts Toward Vendors
      Perusahaan memiliki komitmen terhadap standar             The Company upholds a steadfast commitment to
      integritas tertinggi dalam hubungan dengan                the utmost integrity in its interactions with vendors.
      vendor. Perusahaan berkomitmen untuk memenuhi             It pledges to fulfill all obligations to vendors as
      semua kewajiban terhadap vendor sesuai dengan             stipulated in the legal agreements between both
      kesepakatan bersama di bawah hukum yang tidak             parties, ensuring compliance with the regulations set
      bertentangan dengan peraturan-peraturan dari              forth by the relevant legal authorities.
      instansi-instansi hukum yang berwenang. [ACGS C.4.6]

      Perusahaan akan melakukan pemeriksaan terhadap            The Company will initiate inquiries into improper
      kegiatan bisnis yang tidak wajar, seperti, tapi tidak     business practices, including but not limited to non-
      terbatas kepada kegagalan mematuhi kewajiban              compliance with legal obligations, danger to health
      hukum, bahaya bagi kesehatan dan keselamatan,             and safety, intentional concealment of information,
      penyembunyian informasi secara sengaja, penipuan          fraudulent activities, financial discrepancies, deliberate
      dan penyimpangan keuangan, perilaku bisnis yang           unethical behaviors and misconduct both within and
      tidak wajar dengan sengaja, serta perilaku tidak pantas   outside the organization.
      baik di dalam maupun di luar Perusahaan.

      Vendor memiliki hak untuk melaporkan hal-hal tersebut     Vendors have the right to report any misconduct by
      di atas yang dilakukan oleh karyawan Perusahaan           the Company’s employees through the designated
      melalui WBS yang terdapat di halaman 196-198              WBS in page 196-198 of this Annual Report and to
      Laporan Tahunan ini dan mendapatkan tindak lanjut         expect appropriate follow-up procedures.
      yang sesuai. [ACGS C.5.1]

      Pernyataan Direksi Tentang Penerapan Kode Etik            The Director’s Statement Regarding the
      [SEOJK 2.g.15.c] [ACGS E.2.2]                             Application of the Code of Conduct
      Kami menyatakan bahwa Kode Etik Perusahaan                We acknowledge that the Company’s Code of
      berlaku bagi seluruh Perusahaan, termasuk Pemegang        Conduct applies universally across all entities within
      Saham, Direksi, BOC dan karyawan. Kode Etik juga          the organization, encompassing shareholders, the
      berlaku bagi Entitas Anak, perusahaan afiliasi, pihak     Directors, the BOC, employees, subsidiaries, affiliated
      ketiga dan seluruh mitra kerja.                           companies, third parties and all business partners.




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                                                                     Tata Kelola Perusahaan
PT Duta Pertiwi Tbk                                                  Corporate Governance




LONG-TERM BENEFIT POLICY
[SEOJK 2.g.16] [ACGS C.6.3]




Per akhir tahun 2023, Perusahaan belum memiliki        As of the conclusion of 2023, the Company does not
kebijakan pemberian kompensasi jangka panjang.         have a long-term compensation policy in place.




DISCLOSURE REQUIREMENT POLICY
[SEOJK 2.g.17]




Pengungkapan Informasi Terkait Kepemilikan             Disclosure of Share Ownership Information by the
Saham oleh Anggota Direksi dan BOC                     Members of the Directors and the BOC
Mengacu kepada POJK No.11/POJK.04/2017 tentang         Referring to POJK No.11/POJK.04/2017 concerning
Laporan Kepemilikan atas Setiap Perubahaan             Ownership Report on Any Change in Ownership
Kepemilikan Saham Perusahaan Terbuka, Perusahaan       of Public Company Share, it is mandated that the
mengungkapkan kepemilikan saham dan perubahan          Company discloses share ownership and any changes
kepemilikan oleh anggota Direksi dan anggota BOC       in ownership by Directors and BOC members within
paling lambat 3 (tiga) hari kerja setelah terjadinya   a maximum of three working days following the
perubahan. [SEOJK 2.g.17.a] [ACGS A.7.1]               occurrence of the change.

Informasi terkait kebijakan ini telah disampaikan      Information pertaining to this policy has been
kepada anggota Direksi dan BOC melalui memo            communicated to members of the Directors and the
internal No.064/IR-CS/V/2017 tertanggal 31 Mei         BOC through internal memo No.064/IR-CS/V/2017
2017 dan setiap ada pergantian anggota Direksi dan     dated May 31st, 2017. Furthermore, any alterations
anggota BOC telah disampaikan juga mengenai            to the composition of the Directors and the BOC,
kebijakan kepemilikan saham Perusahaan oleh            we promptly communicate the Company’s shares
anggota Direksi dan anggota BOC. [SEOJK 2.g.17.b]      ownership policy to the respective members.




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                                                                                              PT Duta Pertiwi Tbk




      Pada tahun 2023, tidak ada transaksi kepemilikan          In 2023, neither the Directors nor the members of
      saham yang dilaporkan oleh Direksi dan anggota BOC        the BOC of the Company engaged in any stock
      Perusahaan baik langsung maupun tidak langsung.           transactions, whether directly or indirectly.
      [SEOJK 2.g.17.b] [ACGS D.5.1]


      Per 31 Desember 2023, tidak ada transaksi kepemilikan     By 31st December, 2023, there were no stock
      saham yang dilaporkan oleh senior manajemen baik          transactions reported by senior management, whether
      langsung maupun tidak langsung.                           directly or indirectly.
      [ACGS D.1.4] [ACGS D.5.1]

      Kebijakan Pengungkapan Informasi Lainnya                  Disclosure Policy on Other Information
      Perusahaan selalu mengambil sikap terbuka di dalam        The Company consistently upholds an open approach
      menjalankan proses usahanya. Kami mentaati semua          in executing its business operations. We adhere to all
      kewajiban pengungkapan informasi yang disyaratkan         legal and regulatory mandates concerning information
      oleh peraturan perundang-undangan, OJK dan BEI.           disclosure, including those stipulated by OJK and
      Kami juga selalu menyampaikan informasi lainnya           BEI. Moreover, we disseminate additional information
      melalui berbagai media, termasuk di antaranya:            through various media channels, among others:

      a. Komunikasi tidak langsung melalui berita rilis (news   a. Indirect Communication via news release,
         release), keterbukaan informasi, siaran pers secara       information disclosure, press releases can be
         berkala dapat diperoleh oleh pemegang saham               obtained regularly by shareholders or investors by:
         atau investor dengan cara:
         • Mengakses berita rilis (news release) dengan            • Accessing news release by subscribing to
             berlangganan (subscribe) ke alamat email                ricardo.dharmawan@sinarmasland.com    or
             ricardo.dharmawan@sinarmasland.com atau                 michael.liputra@sinarmasland.com;
             michael.liputra@sinarmasland.com;
             [ACGS D.7.4]
         • Mengakses keterbukaan informasi dan siaran              • Access information disclosure and press
           pers melalui situs BEI (www.idx.co.id) dan                release via BEI website (www.idx.co.id) and the
           situs Perusahaan www.sinarmasland.com                     Company’s website www.sinarmasland.com
           dan www.dutapertiwi.com. [ACGS D.7.2]                     and www.dutapertiwi.com.

         b. Komunikasi langsung melalui Analyst Meeting,        b. Direct communication via Analyst Meetings,
            conference call, forum pertemuan investor baik         conference calls, domestic and global investor
            dalam maupun luar negeri, paparan publik,              meeting forums, public exposes, roadshows.
            road show. [ACGS D.7.3] [ACGS D.7.4]

      Pertanyaan dan saran dapat disampaikan kapan saja         Inquiries and recommendations can be directed to
      ke alamat dan nomor yang tersedia pada bagian             the contact details listed in the Company Information
      Informasi Perusahaan pada halaman 30 di Laporan           section on page 30 of this Annual Report.
      Tahunan ini. [ACGS A.4.1] [ACGS D.7.2]


      Pengungkapan Informasi di Dalam Situs Web                 Information Disclosure in the Company Website
      Perusahaan
      Perusahaan     selalu  memperbaharui       informasi      The Company updates the information in its website,
      yang dapat ditemukan di dalam situs webnya,               www.sinarmasland.com and www.dutapertiwi.com.
      www.sinarmasland.com dan www.dutapertiwi.com.             The followings are several corporate governance
      Berikut adalah beberapa dokumen tata kelola yang          documents that can be found and downloaded on the
      dapat ditemukan dan diunduh di situs tersebut:            website.




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                                                                    Tata Kelola Perusahaan
PT Duta Pertiwi Tbk                                                 Corporate Governance




                                                                               Tersedia di Situs Web
Dokumen / Informasi [ACGS D.9]     Documents / Information                          Perusahaan
                                                                                  Available on the
                                                                                Company’s Website

                                                                                             √
Laporan Tahunan                    Annual Report
                                                                                     Sejak Since 2007


                                                                                             √
Laporan Keberlanjutan              Sustainability Report
                                                                                     Sejak Since 2020


Laporan Keuangan Triwulanan dan    Quarterly and Annual Financial                            √
Tahunan                            Statements                                        Sejak Since 2015


Akta Pendirian                     Deed of Establishment                                     √

Akta Perubahan Terakhir            Latest Deed                                               √

Piagam Direksi dan BOC             Charter for the Directors and the BOC                     √


Panggilan RUPS, Tata Tertib RUPS   Notice to the GMS, Rules of the
dan Formulir Surat Kuasa           GMS and Power of Attorney Form                            √


Ringkasan RUPS                     Minutes of the GMS
(dapat diakses selama 1 tahun)     (accessible for 1 year)                                   √


Siaran Pers                        Press Releases                                            √

Materi Paparan Publik              Material for Public Exposes                               √




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                                                                                              PT Duta Pertiwi Tbk




      WHISTLEBLOWING SYSTEM (WBS)
      [SEOJK 2.g.18]




      Perusahaan telah menerapkan Sistem Pelaporan              The Company has implemented the Whistleblowing
      Pelanggaran (WBS) sejak 5 Maret 2013 dan dengan           System (WBS) since March 5th, 2013. A recent update,
      dokumen terbaru nomor WBC-10-01 tanggal 27 Juli           documented as No.WBC-10-01 on July 27th, 2022,
      2022 tentang Kebijakan dan Prosedur Whistleblowing.       outlines the revised Whistleblowing Policies and
                                                                Procedures.

      Tujuan sistem ini adalah agar semua orang dapat           The system’s aim is to encourage all individuals to
      berpartisipasi di dalam peningkatan kualitas GCG          actively contribute to enhancing GCG quality without
      tanpa khawatir akan adanya suatu tindakan balasan.        apprehension of reprisal.


      Sosialisasi WBS                                           WBS Socialization
      WBS telah disosialisasikan kepada setiap karyawan         The Whistleblower System is disseminated to all
      melalui berbagai media, di antaranya situs internal dan   employees through multiple channels, such as the
      surat elektronik. Program Onboarding for New Hire         internal website and email communications. The
      untuk orientasi karyawan baru, telah mengintegrasikan     Onboarding program for new hires incorporates this
      materi WBS ini.                                           Whistleblower System material into the employee
                                                                orientation process.


      Perlindungan dan Apresiasi terhadap Pelapor               Protection and Appreciation for Whistleblowers
      [SEOJK 2.g.18.b] [ACGS C.7.2]
      Prinsip WBS adalah bahwa kami menyediakan fasilitas       The fundamental principle of the WBS entails
      saluran pelaporan yang independen, bebas dan              independent, free and confidential reporting channels.
      rahasia. Kami menjamin kerahasiaan identitas pelapor      We ensure the anonymity of whistleblowers, fostering
      sehingga mendorong keberanian untuk melaporkan            a safe environment for reporting irregularities.
      kejanggalan. Kami juga menjaga kerahasiaan identitas      Moreover, we maintain the confidentiality of the
      terlapor sampai statusnya berubah menjadi terperiksa.     accused individual until their status changes to a
                                                                suspect.

      Apabila mendapatkan tekanan, ancaman atau                 Should a whistleblower face any form of reprisal,
      tindakan balasan lain, Pelapor dapat melaporkan           such as pressure, threats or retaliation, they have
      kembali melalui mekanisme yang telah ditetapkan.          the right to submit another report following the
      Kami memberikan perlindungan kepada Pelapor               established procedure. We provide protection
      terhadap pemecatan, penurunan jabatan atau                measures to whistleblowers, including but not limited
      pangkat, pelecehan atau diskriminasi dalam segala         to termination, demotion, harassment, discrimination
      bentuk serta catatan yang merugikan dalam berkas          in any forms, as well as unfavorable records in their
      data pribadinya.                                          personal file.




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                                                                          Tata Kelola Perusahaan
PT Duta Pertiwi Tbk                                                       Corporate Governance




                                   MEKANISME WBS DALAM DIAGRAM
                                     The WBS Mechanism In Diagram



             Pelapor                      Menyampaikan laporan anonim maupun terbuka melalui link, telepon,
         The Whistleblower                email, situs web, SMS atau WA.

                                          Submits the report anonymously or openly via link, phone, email, website,
                                          SMS or WA.



                                          Pelapor dapat memonitor status laporannya secara real time dengan
                                          memasukkan ID laporan dan password. Pelapor dapat menambah
                                          informasi untuk memperkuat laporannya. Pengelola Jasa WBS dapat
                                          meminta informasi lebih bila diperlukan.
     Pengelola Jasa WBS *)                The reporter can monitor his/her report in real time by inputting the
    WBS Service Management                report ID and password. The reporter can add information to backup his/
                                          her report. WBS Service Management can request for more information
                                          as needed.



                                          Menyerahkan informasi kepada Analis WBS yang telah ditugaskan untuk
                                          WBS Perusahaan. Analis WBS adalah bagian dari Pengelola Jasa WBS
                                          yang merupakan pihak ketiga yang independen dan profesional.

                                          Submitted information to WBS Analyst assigned for the Company’s WBS.
          Analisa WBS *)                  The WBS Analyst is part of WBS Service Management, an independent
           WBS Analyst                    and professional third party.


                                                                                                   *) Pihak ketiga independen
                                                                                                      Independent third party




Mekanisme dan Sarana WBS                                Mechanism and Methods of the WBS
Sejak Juli 2022, Perusahaan meluncurkan Sistem          Since July 2022, the Company has implemented a
Pelaporan Pelanggaran dengan menggunakan                Whistleblowing System facilitated by a professional
jasa pihak ketiga yang profesional dan berstandar       third party adhering to international standards. This
internasional. Ini untuk memastikan independensi        step aims to enhance the system management’s
pengelolaan Sistem Pelaporan Pelanggaran dan            autonomy and align it with the highest standards of
meningkatkan kualitas sistem agar sesuai dengan         GCG.
standar-standar terbaik GCG.
[SEOJK 2.g.18.d] [ACGS (B)C.1.7]


Mekanisme pelaporan pelanggaran adalah sebagai          The procedure for reporting violations is outlined
berikut: [SEOJK 2.g.18.a] [ACGS C.5.1] [ACGS C.7.1]     below:
1. Pelaporan. Pelapor dapat memilih beberapa            1. Reporting. The reporter can choose several
   metode pelaporan sebagai berikut:                       reporting methods as follows:




               +62 21 3952 8858                    +62 812 8000 3876
               sinarmaslandwbs@tipoffs.info  +62 812 8000 3876
               https://idn.deloitte-halo.com/sinarmaslandwbs/



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                                                                                             PT Duta Pertiwi Tbk




         Kategori isu yang dapat dilaporkan termasuk             Categories of reportable issues include fraud,
         kecurangan, korupsi, pencurian/penggelapan,             corruption, theft/embezzlement, conflict of
         benturan kepentingan, penyuapan/gratifikasi,            interest, bribery/gratuity, abuse of authority,
         penyalahgunaan wewenang, pelanggaran kode               violation of the code of ethics, unethical behavior,
         etik, perilaku tidak etis, pelanggaran terhadap         violation of applicable regulations, leakage of
         peraturan yang berlaku, pembocoran data dan             confidential data and information, harassment
         informasi rahasia, pelecehan dan pencemaran             and defamation.
         nama baik. [ACGS C.5.1]

         Di dalam menyampaikan pelaporan, informasi yang         In submitting the report, the information provided
         diberikan harus sebanyak dan selengkap mungkin          must be as much and complete as possible
         termasuk:                                               including:
         • Nama-nama orang yang terlibat;                        • The names of the people involved;
         • Nama-nama saksi;                                      • The names of witnesses;
         • Tanggal, waktu dan lokasi kejadian;                   • Date, time and location of the incident;
         • Rincian atas bukti apa pun;                           • Details of any evidence;
         • Uang atau aset-aset yang terlibat;                    • The money or assets involved;
         • Seberapa sering kejadian terjadi.                     • How often the incident occurred.

         Pelapor dianjurkan untuk memberikan data diri,          The reporter is encouraged to provide personal
         sekurang-kurangnya nomor telepon atau alamat            data, at least a telephone number or email address
         email yang dapat dihubungi. Identitas dan data          where they can be contacted. The identity and
         pelapor akan dirahasiakan oleh sistem WBS, kecuali      data of the reporter will be kept confidential by
         bila pelapor memilih untuk mengungkapkannya.            the WBS system unless the reporter chooses to
         Namun pelapor dapat memilih untuk anonim.               disclose it. However, the reporter can choose to
         Setiap upaya yang layak dilakukan dan                   remain anonymous. Every feasible effort allowed
         diperbolehkan oleh hukum akan dijalankan agar           by law will be taken to prevent the identity of the
         identitas pelapor tidak terungkap.                      reporter from being revealed.

      2. Monitor status pelaporan. Pelapor dapat              2. Monitor reporting status. Reporters can check the
         melakukan cek status terhadap pelaporan yang            status of their reports. Each report will be assigned
         dilakukannya. Setiap pelaporan akan diberikan ID        a report ID and a password of the reporter’s choice.
         laporan dan kata sandi pilihan pelapor.

         Apabila ada data yang perlu ditambahkan terhadap        If there is data that needs to be added to the initial
         laporan awal, pelapor dapat melakukannya dengan         report, the reporter can do so by entering the same
         memasukkan ID laporan dan kata sandi yang sama.         report ID and password.

      3. Tindak lanjut pelaporan. Seorang analis yang         3. Follow-up reporting. An analyst appointed to
         ditunjuk untuk mengelola WBS Perusahaan dari            manage the third-party Company WBS will review
         pihak ketiga akan meninjau dan merangkum                and summarize the information provided and
         informasi yang diberikan dan menyarankan tindak         suggest general follow-up and submit the report
         lanjut secara umum serta menyampaikan laporan           to a representative appointed by the Company to
         tersebut kepada perwakilan yang ditunjuk oleh           follow up on the report or to take corrective action.
         Perusahaan untuk menindak lanjuti laporan atau          The Company will then decide what action to take.
         untuk melakukan tindakan perbaikan. Perusahaan
         kemudian akan memutuskan tindakan apa yang
         harus diambil.

      Pengaduan WBS [SEOJK 2.g.18.e]                          WBS Reports
      Sepanjang tahun 2023, tidak ada laporan ataupun         Throughout 2023, no reports or complaints concerning
      aduan yang masuk terkait pelaporan pelanggaran di       reporting violations within the Company were received
      lingkungan Perusahaan yang disampaikan melalui WBS.     through the WBS.




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                                                                         Tata Kelola Perusahaan
PT Duta Pertiwi Tbk                                                      Corporate Governance




ANTI-CORRUPTION POLICY
[SEOJK 2.g.19]




Perusahaan sama sekali tidak mentoleransi perilaku       The Company upholds a strict stance against corrupt
korupsi dan akan membawa pelanggaran terkait             behavior and is dedicated to prosecuting any
korupsi ke ranah hukum. Kami berkomitmen                 corruption-related violations. We are committed to
untuk patuh terhadap peraturan anti korupsi yang         adhere the anti-corruption laws enforced in Indonesia.
berlaku di Indonesia. Lebih lanjut Perusahaan            Moreover, the Company is committed to extending
berusaha memperluas upaya ini tidak hanya dengan         these principles beyond its internal operations to
menerapkan kebijakan anti korupsi di lingkungan          encompass all stakeholders, including suppliers
internal Perusahaan, namun juga kepada seluruh           and business partners. This anti-corruption policy
pemangku kepentingan termasuk pemasok dan rekan          is outlined in the Company’s Code of Conduct that
bisnis. Kebijakan ini telah dituangkan dalam Kode Etik   mandates comprehension and adherence from every
Perusahaan yang harus dibaca dan dipahami oleh           employee.
setiap karyawan.

Jenis tindakan yang dinilai sebagai perilaku korupsi     Actions classified as corrupt behavior includes the
adalah penyalahgunaan kewenangan, kesempatan             misuse of authority, privileges or facilities associated
atau sarana yang ada padanya karena jabatan atau         with one’s position; offering, accepting and/or
kedudukannya; memberi, menerima dan/atau                 guaranteeing favors to government officials or other
menjanjikan sesuatu kepada pejabat pemerintah            parties to influence decisions or actions that deviate
maupun pihak lain yang dapat mengikat mereka untuk       from established guidelines or standard procedures.
melakukan tindakan atau membuat keputusan di luar
panduan dan/atau prosedur yang lazim.


Sosialisasi Kebijakan Anti Korupsi                       Socialization of Anti-Corruption Policy
[SEOJK 2.g.19.b] [ACGS C.4.5]
Kebijakan anti korupsi disosialisasikan bersama          The anti-corruption policy is socialized concurrently
dengan sosialisasi Kode Etik dan menjadi salah satu      with the dissemination of the Code of Conduct as a
materi pada Program Onboarding for New Hire. Secara      fundamental section of the Onboarding Program for
berkala, kebijakan ini diingatkan lagi melalui situs     New Hires. Regular reinforcement of this policy is done
internal dan surat elektronik langsung kepada setiap     through both the internal website and personalized
karyawan. Setiap karyawan harus menandatangani           emails to all staff members. It is mandatory for each
surat pernyataan yang diperbaharui secara tahunan,       employee to annually sign a statement reaffirming
bahwa mereka telah membaca, memahami dan                 their understanding and commitment to comply with
menyetujui untuk menaati kebijakan anti korupsi          the anti-corruption policy outlined in the Company’s
sebagaimana telah ditetapkan di dalam Kode Etik          Code of Conduct.
Perusahaan.


Mekanisme Pelaporan Pelanggaran [ACGS C.5.1]             Whistleblowing Mechanism
Pemangku        kepentingan      yang    mengetahui      Employees who become aware of any breaches or
pelanggaran ataupun potensi pelanggaran atas             possible breaches of the anti-corruption policy are
kebijakan anti-korupsi, harus melaporkannya. Prosedur    required to report them. The reporting process is
pelaporan telah dirinci di dalam bagian WBS pada         outlined in the WBS section found on pages 196-198
halaman196-198 dalam Laporan Tahunan ini.                of this Annual Report.




Laporan Tahunan 2023 Annual Report                                                                                  199
Page 200
                                                                                                      PT Duta Pertiwi Tbk




      Penerapan Pedoman Anti Pencucian Uang dan                         Implementation of Anti Money Laundering and
      Pencegahan Pendanaan Terorisme                                    Prevention of Terrorism Financing Guidelines
      Sejak tahun 2022, Perusahaan telah meningkatkan                   Since 2022, the Company has enhanced its compliance
      kepatuhan terhadap rezim Anti Pencucian Uang                      with the Anti-Money Laundering and Prevention of
      dan Pencegahan Pendanaan Terorisme (APUPPT)                       Terrorism Financing (APUPPT) regulations by revising
      melalui pembaharuan Kebijakan dan Prosedur                        the Policy and Procedure of Product Sales of the
      Penjualan Produk Perusahaan dan Entitas Anak                      Company and its Subsidiaries to adhere to PPATK
      untuk menyesuaikan dengan Peraturan PPATK                         Regulation No.2 of 2021. This regulation focuses on
      No.2 tahun 2021 tentang Tata Cara Penyampaian                     the submission procedures for transaction reports
      Laporan Transaksi dan Laporan Transaksi Keuangan                  and reports on suspicious financial activities through
      Mencurigakan Melalui Aplikasi GoAML bagi Penyedia                 the GoAML Application for suppliers of goods and/or
      Barang dan/atau Jasa Lain.                                        other services.

      Komitmen kepatuhan pada tahun 2023 adalah                         The Company and its Subsidiaries showed their
      Perusahaan melalui Entitas Anak secara mandiri                    commitment to compliance in 2023 by independently
      telah mendaftarkan perusahaannya ke dalam aplikasi                registering to GoAML application.
      GoAML.




      IMPLEMENTATION OF CORPORATE
      GOVERNANCE GUIDELINES
      [SEOJK 2.g.20] [ACGS D.2.6]



            PRINSIP
            Principle   1   Meningkatkan nilai penyelenggaraan Rapat Umum Pemegang Saham (RUPS)
                            Improving the value of General Meeting of Shareholders (GMS) management

              Rekomendasi                              Implementasi                                               Keterangan
      No.
              Recommendation                           Implementation                                             Remark


      1.      Cara atau prosedur teknis pengumpulan    Perusahaan telah melaksanakan rekomendasi atas pengumpulan Terpenuhi
              suara (voting) baik secara terbuka       suara (voting) secara terbuka yang dilakukan dengan cara
              maupun tertutup yang mengedepankan       mengangkat tangan sesuai dengan instruksi pimpinan GMS.
              independensi      dan      kepentingan   Prosedur voting dapat dibaca pada bagian Tata Tertib GMS No.8
              pemegang saham. [ACGS A.2.4]             (b) pada halaman 129 Laporan Tahunan ini.

              Technical methods or procedures for      The Company has implemented a recommendation to organize Comply
              open and closed voting that prioritize   an open voting by raising hands according to instructions from
              independence and interest of the         Chairperson of GMS. Voting procedures can be read in the
              shareholders.                            section of The Rules of GMS No.8 (b) on page 129 in this Annual
                                                       Report.


      2.      Anggota BOC dan Direksi hadir dalam      Jumlah anggota BOC dan Direksi yang hadir pada RUPST Dijelaskan
              RUPST. [ACGS A.2.7]                      tanggal 27 Juni 2023 masing-masing adalah sebanyak 60%
                                                       dan 75%.

              Members of the BOC and the Directors     The number of the members of BOC and the Directors which Explain
              attend the AGMS.                         attended the AGMS dated June 27th, 2023, were 60% and 70%
                                                       respectively.




200                                                                             Laporan Tahunan 2023 Annual Report
Page 201
                                                                                Tata Kelola Perusahaan
PT Duta Pertiwi Tbk                                                             Corporate Governance




       Rekomendasi                                Implementasi                                             Keterangan
No.
       Recommendation                             Implementation                                           Remark


3.     Ringkasan risalah RUPS tersedia dalam      Perusahaan menyediakan Ringkasan Risalah RUPS dalam situs Terpenuhi
       situs web paling sedikit 1 tahun.          web Perusahaan dalam bagian Investor, sub bagian Tata Kelola
       [ACGS D.9.5]                               Perusahaan.


       A summary of minutes of GMS is available   The Company provided a Summary of Minutes of GMS at the Comply
       at the website for at least 1 year.        Company’s website under Investor, sub-section Corporate
                                                  Governance.




      PRINSIP
      Principle   2   Meningkatkan kualitas komunikasi Perusahaan Terbuka dengan Pemegang Saham atau Investor
                      Improving the Public Listed Company Communication Quality with Shareholders or Investors

       Rekomendasi                                Implementasi                                             Keterangan
No.
       Recommendation                             Implementation                                           Remark


1.     Memiliki      kebijakan   komunikasi       Kebijakan Perusahaan dalam berkomunikasi dengan pemegang Terpenuhi
       Perusahaan Terbuka dengan pemegang         saham atau investor yakni melalui:
       saham atau investor.                       a. Komunikasi tidak langsung melalui berita rilis (news
       [ACGS D.7.3] [ACGS D.7.4]                     release), keterbukaan informasi, siaran pers secara berkala
                                                     dapat diperoleh oleh pemegang saham atau investor
                                                     dengan cara:
                                                     • Mengakses berita rilis (news release) dengan
                                                          berlangganan (subscribe) ke alamat email ricardo.
                                                          dharmawan@sinarmasland.com atau michael.liputra@
                                                          sinarmasland.com;
                                                     • Mengakses keterbukaan informasi dan siaran pers
                                                          melalui situs BEI www.idx.co.id dan situs Perusahaan
                                                          www.sinarmasland.com dan www.dutapertiwi.com.
                                                  b. Komunikasi langsung melalui Analyst Meeting, conference
                                                     call, forum pertemuan investor baik dalam maupun luar
                                                     negeri, paparan publik, road show.

       To have a policy on communications         The Company policy in communicating with shareholders and Comply
       between     Public     Company and         investors are via:
       shareholders and investors.                a. Indirect Communication via news release, disclosure of
                                                      information, regular press release can be obtained by
                                                      shareholders or investors by:
                                                      • Accessing news release by subscribing to ricardo.
                                                           dharmawan@sinarmasland.com or michael.liputra@
                                                           sinarmasland.com
                                                      • Accessing disclosure of information and press release
                                                           via BEI site, www.idx.co.id and the Company’s website
                                                           www.sinarmasland.com and www.dutapertiwi.com
                                                  b. Direct communication via Analyst Meetings, conference
                                                      calls, domestic and global investor meeting forum, public
                                                      exposure, roadshow.




2.     Mengungkapkan kebijakan komunikasi         Perusahaan telah menyediakan bahan materi presentasi Terpenuhi
       Perusahaan Terbuka dalam situs web.        dengan investor di situs Perusahaan untuk memberikan
       [ACGS D.9.2]                               kesetaraan pada pemegang saham atau investor atas
                                                  pelaksanaan komunikasi dengan Perusahaan.

       Disclose the communication policy of       The Company has made available materials of presentation Comply
       Public Company on the website.             to investors at the Company’s website to provide equality for
                                                  shareholders and investors regarding the implementation of
                                                  communications with the Company.




Laporan Tahunan 2023 Annual Report                                                                                      201
Page 202
                                                                                                        PT Duta Pertiwi Tbk




            PRINSIP
            Principle   3   Memperkuat keanggotaan dan komposisi BOC
                            Strengthen the membership and composition of the BOC

             Rekomendasi                                 Implementasi                                                Keterangan
      No.
             Recommendation                              Implementation                                              Remark


      1.     Penentuan  jumlah   anggota     BOC         Perusahaan telah memenuhi ketentuan yang berlaku bagi Terpenuhi
             mempertimbangkan kondisi perusahaan.        Perusahaan sebagai Perusahaan Terbuka sebagaimana
                                                         ditentukan dalam Pasal 20 POJK No.33/POJK.04/2014 yaitu
                                                         jumlah anggota Dewan Komisaris lebih dari 2 (dua) orang.

             Determination of the number of members      The Company has complied with the provision applicable to the Comply
             of the BOC considering the Company’s        Company as Public Company as stipulated in Article 20 of POJK
             conditions.                                 No.33/POJK.04/2014 which is more than 2 (two) members of
                                                         the BOC.




      2.     Penentuan komposisi anggota BOC             Komposisi anggota BOC Perusahaan telah memperhatikan Terpenuhi
             memperhatikan keberagaman keahlian,         kebutuhan Perusahaan, 3 (tiga) di antara anggota BOC telah
             pengetahuan dan pengalaman yang             berpengalaman dalam bidang industri real estate selama
             dibutuhkan.                                 lebih dari 25 (dua puluh lima) tahun, sedang 2 (dua) anggota
                                                         Komisaris Independen merupakan akademisi di bidang
                                                         Ekonomi serta berpengalaman pelaksanaan tugas pengawasan
                                                         dan pemberian nasihat kepada Direksi.

             Determination of the composition of         The composition of the members of the BOC is in consideration Comply
             members of the BOC considers the            of the Company’s needs. Three members are experienced
             required variety of skills, knowledge and   in the real estate industry for more than 25 years, and 2 (two)
             experience.                                 Independent Commissioners are academics in the field of
                                                         Economics and has experience in supervising the management
                                                         policy and counseling the Directors.




            PRINSIP
            Principle   4   Meningkatkan kualitas pelaksanaan tugas dan tanggung jawab BOC
                            Improving the quality of duty and responsibility of the BOC

             Rekomendasi                                 Implementasi                                                Keterangan
      No.
             Recommendation                              Implementation                                              Remark


      1.     BOC mempunyai kebijakan penilaian           Dengan dibantu oleh NRC, BOC telah memiliki kebijakan Terpenuhi
             sendiri untuk menilai kinerja BOC.          penilaian sendiri. Hasil penilaian sendiri kemudian disampaikan
                                                         kepada NRC yang akan memberikan penilaian atas kinerja
                                                         masing-masing anggota BOC.

             The BOC has a policy to self-assess the     Assisted by the NRC, the BOC has established its self- Comply
             performance of the BOC.                     assessment policy. Results from self-assessments are submitted
                                                         to the NRC, which will then evaluate the performance of each
                                                         member of the BOC.




      2.     Kebijakan penilaian sendiri diungkapkan     Informasi Kebijakan Penilaian Sendiri dapat ditemukan pada Terpenuhi
             dalam Laporan Tahunan.                      halaman 154 dan 166 Laporan Tahunan ini.

             The self-assessment policy is reported in   The information of self-assessment policy can be found at Comply
             an Annual Report.                           pages 154 dan 166 in this Annual Report.




202                                                                             Laporan Tahunan 2023 Annual Report
Page 203
                                                                                   Tata Kelola Perusahaan
PT Duta Pertiwi Tbk                                                                Corporate Governance




       Rekomendasi                                 Implementasi                                                Keterangan
No.
       Recommendation                              Implementation                                              Remark


3.     BOC mempunyai kebijakan pengunduran         Mengacu kepada AD Perusahaan, anggota BOC yang tidak Terpenuhi
       diri apabila terlibat dalam kejahatan       memenuhi syarat untuk menjadi anggota BOC yang disebutkan
       keuangan.                                   dalam AD termasuk di dalamnya adalah terlibat kejahatan
                                                   keuangan maka jabatannya sebagai BOC akan batal demi
                                                   hukum. Dalam hal anggota BOC tersebut mengundurkan diri
                                                   maka akan diputuskan melalui mekanisme RUPS.

       The BOC has a policy of resignation in      As stipulated to the Company’s AoA, a member of the BOC who Comply
       the event of involvement in any financial   is not eligible to become a member of the BOC mentioned in
       crimes.                                     the AoA is involved in a financial crime, then his/her position as
                                                   BOC shall be null and void. If the member of the BOC resigns, it
                                                   will be decided through the GMS mechanism.




4.     BOC atau NRC menyusun kebijakan             Saat ini, Perusahaan belum memiliki kebijakan suksesi dalam Dijelaskan
       suksesi dalam proses nominasi anggota       proses nominasi anggota Direksi.
       Direksi.

       The BOC or the NRC sets out a provision     Currently, the Company does not have a succession policy in Explain
       of succession in the nomination process     the nomination process of members of the Directors.
       of a member of the Directors.




      PRINSIP
      Principle   5   Memperkuat keanggotaan dan komposisi Direksi
                      Strengthen the membership and composition of Directors

       Rekomendasi                                 Implementasi                                                Keterangan
No.
       Recommendation                              Implementation                                              Remark


1.     Penentuan jumlah anggota Direksi            Perusahaan telah memenuhi ketentuan yang berlaku bagi Terpenuhi
       mempertimbangkan kondisi Perusahaan         Perusahaan sebagai Perusahaan Terbuka sebagaimana
       serta efektivitas dalam pengambilan         ditentukan dalam Pasal 2 POJK No.33/POJK.04/2014 paling
       keputusan.                                  kurang terdiri dari 2 (dua) orang anggota Direksi.

       Determination of the number of              The Company has complied with the provision applicable to the Comply
       members of the Directors considering the    Company as Public Company as stipulated in Article 2 of POJK
       Company’s conditions and effectiveness      No.33/POJK.04/2014 must consist of at least 2 (two) Directors.
       in the decision making.




2.     Penentuan komposisi anggota Direksi         Komposisi anggota Direksi Perusahaan telah memperhatikan Terpenuhi
       memperhatikan keberagaman keahlian,         kebutuhan diversifikasi bisnis Perusahaan. Sebanyak 8
       pengetahuan dan pengalaman yang             (delapan) anggota Direksi telah berpengalaman dalam
       dibutuhkan.                                 bidang industri real estate. Semua anggota Direksi ini telah
                                                   berpengalaman lebih dari 25 (dua puluh lima) tahun dalam
                                                   bidangnya masing-masing.

       Determination of the composition of         The composition of the members of the Directors is in Comply
       members of the Directors considers the      consideration of the Company’s business diversification needs.
       required variety of skills, knowledge and   Eight members are experienced in the real estate industry.
       experience.                                 All members of the Directors have more than 25 years of
                                                   experience in their fields.




Laporan Tahunan 2023 Annual Report                                                                                          203
Page 204
                                                                                                            PT Duta Pertiwi Tbk




             Rekomendasi                                    Implementasi                                                 Keterangan
      No.
             Recommendation                                 Implementation                                               Remark


      3.     Anggota Direksi yang membawahi                 Perusahaan telah memiliki 1 (satu) anggota Direksi yang Terpenuhi
             bidang akuntansi atau keuangan memiliki        membawahi bidang serta memiliki keahlian dan/atau
             keahlian dan/atau pengetahuan di               pengetahuan lebih dari 25 (dua puluh lima) tahun di bidang
             bidang akuntansi.                              akuntansi dan keuangan. Setiap penyampaian Laporan
                                                            Keuangan telah ditandatangani oleh Direktur Utama dan
                                                            anggota Direksi yang membawahi bidang akuntansi dan
                                                            keuangan.

             Members of the Directors in charge of          The Company has 1 (one) Director who has the skills and/or Comply
             accounting and finance have skills and/or      experience of more than 25 years in the field of accounting and
             knowledge in accounting.                       finance. Every submission of Financial Report has been signed
                                                            by the President Director and the Director in supervision of
                                                            accounting and finance.




            PRINSIP
            Principle   6   Meningkatkan kualitas pelaksanaan tugas dan tanggung jawab Direksi
                            Improving the quality of duty and responsibility of the Directors

             Rekomendasi                                    Implementasi                                                 Keterangan
      No.
             Recommendation                                 Implementation                                               Remark


      1.     Direksi mempunyai kebijakan penilaian          Dengan dibantu oleh NRC, Direksi telah memiliki kebijakan Terpenuhi
             sendiri untuk menilai kinerja Direksi.         penilaian sendiri. Hasil penilaian sendiri kemudian disampaikan
                                                            kepada NRC yang akan memberikan penilaian atas kinerja
                                                            masing-masing anggota Direksi.

             The Directors has a policy to self-assess      Assisted by the NRC, the Directors has established its self- Comply
             the performance of the Directors.              assessment policy. The results from the self-assessments are
                                                            submitted to the NRC, which will then evaluate the performance
                                                            of each member of the Directors.




      2.     Kebijakan penilaian sendiri diungkapkan        Informasi Kebijakan Penilaian Sendiri dapat ditemukan halaman Terpenuhi
             dalam Laporan Tahunan.                         150 dan 154 pada Laporan Tahunan ini.

             The self-assessment policy is reported in      The information of self-assessment policy can be found at Comply
             an Annual Report.                              pages 150 dan 154 in this Annual Report.




      3.     Direktur     mempunyai         kebijakan       Mengacu kepada AD Perusahaan, anggota Direksi yang Terpenuhi
             pengunduran diri apabila terlibat dalam        tidak memenuhi syarat untuk menjadi anggota Direksi yang
             kejahatan keuangan.                            disebutkan dalam AD termasuk di dalamnya adalah terlibat
                                                            kejahatan keuangan maka jabatannya sebagai Direksi akan
                                                            batal demi hukum. Dalam hal anggota Direksi tersebut
                                                            mengundurkan diri maka akan diputuskan melalui mekanisme
                                                            RUPS.

             The Directors has a policy of resignation in   As stipulated to the Company’s AoA, a member of the Directors Comply
             the event of involvement in any financial      who is not eligible to become a member of the Directors
             crimes.                                        mentioned in the AoA is involved in a financial crime, then his/
                                                            her position as Directors shall be null and void. If the member
                                                            of the Directors resigns, it will be decided through the GMS
                                                            mechanism.




204                                                                                Laporan Tahunan 2023 Annual Report
Page 205
                                                                                         Tata Kelola Perusahaan
PT Duta Pertiwi Tbk                                                                      Corporate Governance




      PRINSIP
      Principle   7   Meningkatkan aspek tata kelola Perusahaan melalui partisipasi pemangku kepentingan
                      Improving corporate governance aspect through stakeholder’s participation

       Rekomendasi                                    Implementasi                                                      Keterangan
No.
       Recommendation                                 Implementation                                                    Remark


1.     Memiliki kebijakan untuk mencegah              Perusahaan telah memiliki kebijakan untuk mencegah Terpenuhi
       terjadinya Insider Trading. [SEOJK 2.g.15]     terjadinya Insider Trading, sebagaimana yang tertuang dalam
                                                      Kode Etik Perusahaan No.HC-00.01 tanggal 28 Maret 2013.
                                                      Setiap karyawan diwajibkan untuk menghindari pengungkapan
                                                      informasi Perusahaan yang bersifat rahasia.

       To have a policy to prevent Insider Trading.   The Company has a policy to prevent Insider Trading, as Comply
                                                      reflected in the Company’s Code of Conducts No.HC-00.01
                                                      dated March 28th, 2013. Every employee is obliged to avoid
                                                      disclosing classified Company information.




2.     Memiliki kebijakan Anti Korupsi dan Anti-      Saat ini Perusahaan sudah memiliki kebijakan Anti Korupsi dan Terpenuhi
       Fraud. [SEOJK 2.g.19]                          Anti-Fraud.

       To have a policy of Anti-Corruption and        Currently, the Company has a policy of Anti-Corruption and Comply
       Anti-Fraud.                                    Anti-Fraud.



3.     Memiliki kebijakan tentang seleksi dan         Saat ini, Perusahaan sudah memiliki kebijakan tentang seleksi Terpenuhi
       peningkatan kemampuan pemasok dan              pemasok atau vendor.
       vendor. [ACGS C.4.2]

       To have a policy on the selection and          Currently, the Company has a policy regarding vendor selection.   Comply
       capacity building of suppliers and
       vendors.


4.     Memiliki kebijakan pemenuhan hak-hak           Saat ini, Perusahaan sudah memiliki kebijakan untuk memenuhi Terpenuhi
       kreditur. [ACGS C.4.6]                         hak-hak dari kreditur kami melalui Divisi Corporate Finance yang
                                                      mengatur dan mengelola pembayaran hak-hak kreditur kami.

       To have a policy on the fulfilment of          Currently, the Company has a policy to fulfil the rights of our Comply
       creditors’ rights.                             creditors through the Corporate Finance Division that sets out
                                                      and manages the rights of our creditors.



5.     Memiliki    kebijakan    whistleblowing        Perusahaan telah menjalankan kebijakan whistleblowing system Terpenuhi
       system. [SEOJK 2.g.18.b] [ACGS C.7.2]          dengan menunjuk jasa pihak ketiga.

       To have a whistleblowing system.               The Company has successfully implemented a whistleblowing Comply
                                                      system policy by engaging third-party services.




6.     Memiliki kebijakan pemberian insentif          Pada tahun 2023, Perusahaan tidak memiliki kebijakan Dijelaskan
       jangka panjang Direksi dan Karyawan.           pemberian insentif jangka panjang kepada Direksi dan
       [SEOJK 2.g.16] [ACGS C.6.3]                    Karyawan.

       To have a policy on the granting of long-      Currently, the Company does not have a long-term incentive Explain
       term incentives to the Directors and           policy for its Directors and employees.
       Employees.




Laporan Tahunan 2023 Annual Report                                                                                                   205
Page 206
                                                                                                       PT Duta Pertiwi Tbk




            PRINSIP
            Principle   8   Meningkatkan keterbukaan informasi
                            Improving the information disclosure

             Rekomendasi                                  Implementasi                                              Keterangan
      No.
             Recommendation                               Implementation                                            Remark


      1.     Memanfaatkan penggunaan teknologi            Selain memperbaharui situs web Perusahaan secara rutin, Terpenuhi
             informasi secara lebih luas selain           kami juga aktif dalam berbagai media sosial sebagai media
             situs web sebagai media keterbukaan          promosi produk. Selain itu, Perusahaan juga menggunakan
             informasi.                                   sistem mailing-list sebagai media keterbukaan informasi dan
                                                          komunikasi kepada investor.

             To use information technology more           Besides regular updates on the Company’s website, we are Comply
             advanced than website as a medium of         also active in a variety of social media as a medium of product
             information disclosure.                      promotion. In addition, we also use the mailing-list system as
                                                          a medium of information disclosure and communication to
                                                          investors.



      2.     Laporan Tahunan Perusahaan Terbuka           Laporan    Tahunan     Perusahaan   tahun   2023    telah Terpenuhi
             mengungkapkan pemilik manfaat akhir          mengungkapkan pemilik manfaat akhir dalam kepemilikan
             dalam kepemilikan saham perusahaan,          saham Perusahaan paling sedikit 5%, selain pengungkapan
             paling sedikit 5% selain pemegang            pemilik manfaat akhir dalam kepemilikan saham Perusahaan
             saham utama dan pengendali.                  melalui pemegang saham utama dan pengendali.
             [ACGS D.1.1]

             The Annual Reports of the Public             The Company’s 2023 Annual Report has disclosed the ultimate Comply
             Companies disclose the most current          beneficial owner in the share ownership of the Company at
             beneficial owners of the Company’s           least 5%, other than the disclosure of the ultimate beneficial
             shareholding, at least 5% other than major   owner via major shareholders and controllers.
             shareholders and controllers.




206                                                                            Laporan Tahunan 2023 Annual Report
Page 207
                                                        Tata Kelola Perusahaan
PT Duta Pertiwi Tbk                                     Corporate Governance




                      Halaman Ini Sengaja Dikosongkan
                          This Page is Intentionally Left Blank




Laporan Tahunan 2023 Annual Report                                               207
Page 208
 Dengan merujuk pada Surat Edaran OJK No.16/            Referring to Circular Letter of OJK No.16/
 SEOJK.04/2021 tentang Bentuk dan Isi Laporan           SEOJK.04/2021 on Forms and Content of Annual
 Tahunan, pada bagian Uraian Isi Laporan Tahunan        Report, on the part of Description of the Contents
 huruf h (“SEOJK No.16), Perusahaan telah               of Annual Report alphabet h (“SEOJK No.16), the
 mengungkapkan informasi mengenai Tanggung              Company has disclosed information on Social and
 Jawab Sosial dan Lingkungan ke dalam Laporan           Environmental Responsibilities to the Company
 Keberlanjutan Perusahaan Tahun Buku 2023, yang         Sustainability Report for 2023, presented separately
 disajikan secara terpisah dari Laporan Tahunan ini.    from this Annual Report. Our Sustainability Report
 Laporan Keberlanjutan kami disampaikan bersamaan       will be submitted together with the submission of this
 dengan penyampaian Laporan Tahunan ini.                Annual Report.

 Pembaca yang hendak mendapatkan informasi              Readers may find information on sustainable strategy,
 terkait   strategi   keberlanjutan,    tata   kelola   sustainable governance, sustainable performance and
 keberlanjutan, kinerja keberlanjutan dan lain-lain,    others in 2023 Sustainability Report of the Company
 dapat membaca Laporan Keberlanjutan Perusahaan         that is an integral part of this Annual Report.
 Tahun Buku 2023, yang merupakan bagian tak
 terpisahkan dari Laporan Tahunan ini. [ACGS C.4.7]




                                                               Artist Impression Water Terrace
                                                               Grand Wisata – Bekasi




2023      Laporan Tahunan
          Annual Report
Page 209
                   PT Duta Pertiwi Tbk




       CORPORATE SOCIAL AND
ENVIRONMENTAL RESPONSIBILITY


                                  209
Page 210
 Aerium Apartment
 Taman Permata Buana – Jakarta




210                              Laporan Tahunan 2023 Annual Report
Page 211
THE BOARD OF COMMISSIONERS’ AND DIRECTORS’
STATEMENT OF RESPONSIBILITIES FOR THE
2023 ANNUAL REPORT OF PT DUTA PERTIWI TBK


Kami yang bertanda tangan di bawah ini menyatakan           We the undersigned hereby declare that all the
bahwa semua informasi dalam Laporan Tahunan                 information in the 2023 Annual Report of PT Duta
PT Duta Pertiwi Tbk tahun buku 2023 telah dimuat            Pertiwi Tbk has been presented completely in its
secara lengkap dan bertanggung jawab penuh                  entirety and that we assume full responsibility for
atas kebenaran isi laporan tahunan Perusahaan.              the accuracy of the content of the Company’s Annual
Demikian pernyataan ini dibuat dengan sebenarnya.           Report. This statement is made truthfully.




                                                Jakarta, 1 April 2024

                                 Dewan Komisaris • Board of Commissioners




                               MUKTAR WIDJAJA                                        FRANCISCUS XAVERIUS RD.
                                Komisaris Utama                                         Wakil Komisaris Utama
                             President Commissioner                                  Vice President Commissioner




     TEDDY PAWITRA                                    SUSIYATI BAMBANG HIRAWAN
   Komisaris Independen                                    Komisaris Independen
Independent Commissioner                                Independent Commissioner




                                                 Direksi • Directors




     TEKY MAILOA                                           LIE JANI HARJANTO
     Direktur Utama                                        Wakil Direktur Utama
    President Director                                    Vice President Directors




                           HONGKY JEFFRY NANTUNG                                        HANDOKO WIBOWO
                                  Direktur                                                  Direktur
                                   Director                                                 Director




Laporan Tahunan 2023 Annual Report                                                                                 211
Page 212
                         Artist Impression Kota Wisata
                         Kota Wisata – Cibubur




2023   Laporan Tahunan
       Annual Report
Page 213
                             PT Duta Pertiwi Tbk




REFERENCE OF OJK CIRCULAR LETTER NO.16/
   SEOJK.044/2021 & REFERENCE TO ASEAN
    CORPORATE GOVERNANCE SCORECARD

                                            213
Page 214
                                                                                                                           PT Duta Pertiwi Tbk




      REFERENCE OF OJK CIRCULAR LETTER NO.16/SEOJK.04/2021

                                                                                                                                                  Halaman
      No. Materi dan Penjelasan                                           Subjects and Explanation                                                 Pages

       I.   Ikhtisar Data Keuangan Penting                                Highlights of Key Financial Information

      1. Ikhtisar Data Keuangan Penting memuat informasi keuangan         Highlights of Key Financial Information contains financial               12 -13
         yang disajikan dalam bentuk perbandingan selama 3 (tiga)         information in comparative form over a period of 3 (three)
         tahun buku atau sejak memulai usahanya jika Emiten atau          fiscal years or since the commencement of business if the
         Perusahaan Publik tersebut menjalankan kegiatan usahanya         Issuer or Listed Company has been running its business
         kurang dari 3 (tiga) tahun, paling sedikit memuat:               activities for less than 3 (three) years, at least contains:
         a. Pendapatan/penjualan.                                         a. Sales/revenue.
         b. Laba bruto.                                                   b. Gross profit (loss).
         c. Laba (rugi).                                                  c. Profit (loss).
         d. Jumlah laba (rugi) yang dapat diatribusikan kepada pemilik    d. Net profit attributable to owners of the parent and non-
             entitas induk dan kepentingan non pengendali.                    controlling interest.
         e. Total laba (rugi) komprehensif.                               e. Total comprehensive profit (loss).
         f. Jumlah laba (rugi) komprehensif yang dapat diatribusikan      f. Net comprehensive profit attributable to owners of the
             kepada pemilik entitas induk dan kepentingan non                 parent and non-controlling interest.
             pengendali.
         g. Laba (rugi) per saham.                                        g. Profit (loss) per share.
         h. Jumlah aset.                                                  h. Total assets.
         i. Jumlah liabilitas.                                            i. Total liabilities.
         j. Jumlah ekuitas.                                               j. Total equity.
         k. Rasio laba (rugi) terhadap jumlah aset.                       k. Profit (loss) ratio to total assets.
         l. Rasio laba (rugi) terhadap ekuitas.                           l. Profit (loss) ratio to equity.
         m. Rasio laba (rugi) terhadap pendapatan/penjualan.              m. Profit (loss) ratio to revenue.
         n. Rasio lancar.                                                 n. Current ratio.
         o. Rasio liabilitas terhadap ekuitas.                            o. Liabilities-to-equity ratio.
         p. Rasio liabilitas terhadap jumlah aset.                        p. Liabilities-to-total assets ratio.
         q. Informasi dan rasio keuangan lainnya yang relevan dengan      q. Other relevant financial ratio and information about the
             Emiten atau Perusahaan Publik dan jenis industrinya.            Issuer or Listed Company or its industry.



      II. Informasi  Saham                                                Shares Information
          Informasi saham (jika ada) paling sedikit memuat:               Shares information (if any) shall include at least:


      1. Saham yang telah diterbitkan untuk setiap masa triwulan (jika    Shares issued for every quarter (if any) presented in the                14 -15
         ada) yang disajikan dalam bentuk perbandingan selama 2 (dua)     comparison of latest 2 (two) fiscal years (if any), at least include:
         tahun buku terakhir, paling sedikit meliputi:                    a. Number of issued shares.
         a. Jumlah saham yang beredar.                                    b. Market capitalization based on the price on the Stock
         b. Kapitalisasi pasar berdasarkan harga pada Bursa Efek tempat      Exchange where shares are listed.
            saham ditempatkan.                                            c. Highest, lowest and closing price based on the price on
         c. Harga saham tertinggi, terendah dan penutupan berdasarkan        the Stock Exchange where shares are listed.
            harga pada Bursa Efek tempat saham dicatatkan.
         d. Volume perdagangan pada Bursa Efek tempat saham               d. Transaction volume on the Stock Exchange where shares
            dicatatkan.                                                      are listed.


      2. Dalam hal terjadi Aksi Korporasi, seperti pemecahan saham        In case of Corporate Actions, such as stock split, reverse stock,         15
         (stock split), penggabungan saham (reverse stock), dividen       shares dividend, bonus shares and change in nominal value,
         saham, saham bonus dan perubahan nilai nominal saham,            issuance of convertible securities, and capital issuance or
         penerbitan efek konversi, serta penambahan dan pengurangan       withdrawal, the shares information referred to in point 1 shall
         modal informasi saham sebagaimana dimaksud pada angka 1          have explanations which included at least:
         ditambahkan penjelasan paling sedikit mengenai:
         a. Tanggal pelaksanaan aksi korporasi.                           a. The execution date of corporate action.
         b. Rasio pemecahan saham, penggabungan saham, dividen            b. Ratio of stock split, reverse stock, share dividend, bonus
             saham, saham bonus, jumlah efek konversi yang diterbitkan       share, number of the issued convertible securities and
             dan perubahan nilai nominal saham.                              change in nominal value.
         c. Jumlah saham beredar sebelum dan sesudah aksi korporasi.      c. Shares volume issued before and after corporate actions.
         d. Jumlah efek konversi yang dilaksanakan (jika ada).            d. The number of executed convertible securities (if any).
         e. Harga saham sebelum dan sesudah aksi korporasi.               e. Shares price before and after corporate actions.



      3. Dalam hal terjadi penghentian sementara perdagangan saham        In case of suspended stock trading and/or delisting in the                15
         dan/atau penghapusan pencatatan saham dalam tahun buku,          fiscal year, the Issuer or Listed Company shall explain the
         Emiten atau Perusahaan Publik menjelaskan alasan penghentian     reasons for such suspension and/or delisting.
         sementara perdagangan saham dan/atau pembatalan
         pencatatan saham tersebut.


      4. Dalam hal penghentian sementara perdagangan saham                In case of stock suspension as referred to point 3 and/                   15
         (suspension) sebagaimana dimaksud pada angka 3) dan/             or delisting process is still in progress at the end of Annual
         atau proses pembatalan pencatatan saham (delisting) masih        Report period, the Issuer or Listed Company shall explain the
         berlangsung hingga akhir periode Laporan Tahunan, Emiten         actions of the Company to resolve such stock suspension and/
         atau Perusahaan Publik menjelaskan tindakan yang dilakukan       or delisting.
         untuk menyelesaikan penghentian sementara perdagangan
         saham dan/atau penghapusan pencatatan saham tersebut.




214                                                                                       Laporan Tahunan 2023 Annual Report
Page 215
                                                                                                                                               Penutup
PT Duta Pertiwi Tbk                                                                                                                            Closing




 III. Laporan Direksi                                              Report of The Directors
      Laporan Direksi paling sedikit memuat:                       The Directors’ Report shall include at least:


 1. Kinerja Emiten atau Perusahaan Publik, paling sedikit meliputi:   The Issuer’s or Listed Company’s Performance, at least                18-22
    a. Strategi dan kebijakan strategis Emiten atau Perusahaan        includes:
       Publik.                                                        a. Strategy and strategic policy of Issuer or Listed Company.
    b. Peranan Direksi dalam perumusan strategi dan kebijakan         b. The Directors’ role in establishing strategy and strategic
       strategis Emiten atau Perusahaan Publik.                           policy of the Issuer or Listed Company.
    c. Proses yang dilakukan Direksi untuk memastikan                 c. Process implemented by the Directors to ensure the
       implementasi strategi Emiten atau Perusahaan Publik.               implementation of the strategy of the Issuer or Listed
                                                                          Company.
     d. Perbandingan antara hasil yang dicapai dengan yang            d. Comparison between achievement of results and targets.
        ditargetkan.
     e. Kendala yang dihadapi Emiten atau Perusahaan Publik.          e. Challenges faced by the Issuer or Listed Company.



 2. Gambaran tentang prospek usaha.                                   An overview of business prospects.                                    22-23

 3. Penerapan Tata Kelola Emiten atau Perusahaan Publik.              Implementation of Good Corporate Governance by the Issuer              23
                                                                      or Listed Company.



 IV. Laporan Dewan Komisaris                                          Report of The Board of Commissioners
     Laporan Dewan Komisaris paling sedikit memuat:                   Report of the Board of Commissioner shall include at least:


 1. Penilaian terhadap Kinerja Direksi mengenai pengelolaan           Assessment on the Performance of the Directors in managing            25-26
    Emiten atau Perusahaan Publik, termasuk pengawasan Dewan          the Company, including the Board of Commissioners’
    Komisaris dalam perumusan dan implementasi strategi Emiten        supervision in the Directors’ establishing and implementing
    atau Perusahaan Publik yang dilakukan oleh Direksi.               strategy of the Issuer or Listed Company.



 2. Pandangan atas Prospek Usaha Emiten atau Perusahaan Publik        View on the Prospects of the Issuer or Listed Company as               26
    yang disusun oleh Direksi.                                        established by the Directors.


 3. Pandangan atas Penerapan Tata Kelola Emiten atau Perusahaan       View on the Implementation of Issuer’s or Listed Company’s            25-27
    Publik.                                                           Governance.



 V. Profil  Emiten atau Perusahaan Publik                          Company Profile
    Profil Emiten atau Perusahaan Publik paling sedikit memuat:    Profile of Issuer or Listed Company shall include at least:


 1. Nama Emiten atau Perusahaan Publik termasuk apabila               Name of the Issuer or Listed Company, including if there is a          30
    terdapat perubahan nama, alasan perubahan dan tanggal             change of name, the reason for the change and the effective
    efektif perubahan nama pada tahun buku.                           date of the name change in the fiscal year.

 2. Akses terhadap Emiten atau Perusahaan Publik termasuk             Access to the Issuer or Listed Company including branch                30
    kantor cabang atau kantor perwakilan yang memungkinkan            office or representative office which allows the public to obtain
    masyarakat dapat memperoleh informasi mengenai Emiten             information about the Issuer or Listed Company, including:
    atau Perusahaan Publik, meliputi:
    a. Alamat.                                                        a.   Address.
    b. Nomor telepon.                                                 b.   Phone number.
    c. Alamat surat elektronik.                                       c.   E-mail address.
    d. Alamat Situs Web.                                              d.   Website address.


 3. Riwayat singkat Emiten atau Perusahaan Publik.                    Brief history of Issuer or Listed Company.                            31-33

 4. Visi dan misi Emiten atau Perusahaan Publik, serta budaya         Vision and mission of the Issuer or Listed Company and                34-35
    perusahaan atau nilai-nilai perusahaan.                           corporate culture or values.


 5. Kegiatan Usaha menurut anggaran dasar terakhir, kegiatan          Business Activities according to the latest articles of               36-37,
    usaha yang dijalankan pada tahun buku, serta jenis barang         association, business activities carried on in the fiscal year, and    39
    dan/atau jasa yang dihasilkan.                                    type of products and/or services provided.


 6. Wilayah Operasional Emiten atau Perusahaan Publik. Wilayah        Operating Area of the Issuer or Public Company. Operating              38
    operasional merupakan wilayah atau daerah pelaksanaan             areas are areas whereas the Company does its business
    kegiatan operasional atau jangkauan dari kegiatan                 activities or covered by the activities
    operasional perusahaan.

 7. Struktur Organisasi Emiten atau Perusahaan Publik dalam           Organizational Structure of Issuer or Listed Company in the            47
    bentuk bagan, paling sedikit sampai dengan struktur 1 (satu)      form of a chart, giving the names and titles and at least up
    tingkat di bawah Direksi termasuk komite di bawah Direksi         to 1 (one) level below the Directors, including committees
    (jika ada) dan komite di bawah Dewan Komisaris, disertai          under the Directors (if any) and committees under the Board
    dengan nama dan jabatan.                                          of Commissioners.


 8. Daftar keanggotaan asosiasi industri baik dalam skala             Lists of membership in industry-related associations,                  48
    nasional maupun internasional yang berkaitan dengan               national and international, related to the sustainable finance
    penerapan keuangan berkelanjutan.                                 implementation.




Laporan Tahunan 2023 Annual Report                                                                                                                   215
Page 216
                                                                                                                       PT Duta Pertiwi Tbk




      9. Profil Direksi, paling sedikit memuat:                           Profile of the Directors, at least includes:                        49-54
         a. Nama dan jabatan yang sesuai dengan tugas dan                 a. Name and position in accordance with the duties and
            tanggung jawab.                                                   responsibilities.
         b. Foto terbaru.                                                 b. Latest picture.
         c. Usia.                                                         c. Age.
         d. Kewarganegaraan.                                              d. Citizenship.
         e. Riwayat pendidikan dan/atau sertifikasi.                      e. Educational history and/or certification.
         f. Riwayat jabatan, meliputi informasi:                          f. Work experience, includes:
            1) dasar       hukum      penunjukan  sebagai anggota             1) legal basis of appointment of Directors’ members in
                 Direksi pada Emiten atau Perusahaan Publik yang                  the Issuer or Listed Company.
                 bersangkutan.
            2) rangkap jabatan, baik sebagai anggota Direksi,                2) concurrent position, both as members of the Directors,
                 anggota Dewan Komisaris dan/atau anggota komite                 members of the Board of Commissioners and/or
                 serta jabatan lainnya baik di dalam maupun di luar              members of the committee as well as other position,
                 Emiten atau Perusahaan Publik.                                  whether the position is within or outside of the Issuer or
                                                                                 Listed Company.
             3) pengalaman kerja beserta periode waktunya baik di            3) work experience as well as the working period both
                 dalam maupun di luar Emiten atau Perusahaan Publik.             inside or outside the Issuer or Listed Company.
          g. Hubungan afiliasi dengan anggota Direksi lainnya,            g. Affiliate relationships with another member of the
             anggota Dewan Komisaris dan pemegang saham utama                Directors, Board of Commissioners’ members and ultimate
             (jika ada) meliputi nama pihak yang terafiliasi.                shareholders (if any) including the name of affiliated
                                                                             parties.
          h. Perubahan komposisi anggota Direksi dan alasan               h. Changes in the Composition of the Directors’ Members
             perubahannya. Dalam hal tidak terdapat perubahan                and the reason for such changes. In the event that there
             komposisi anggota Direksi, maka diungkapkan mengenai            is no change in the composition of the members of the
             hal tersebut.                                                   Directors, this matter shall be disclosed.



      10. Profil Dewan Komisaris, paling sedikit memuat:                  Profile of the Board of Commissioners, at least includes:           55-61
          a. Nama dan jabatan yang sesuai dengan tugas dan                a. Name and position in accordance with the duties and
             tanggung .                                                       responsibilities.
          b. Foto terbaru.                                                b. Latest picture.
          c. Usia.                                                        c. Age.
          d. Kewarganegaraan.                                             d. Citizenship.
          e. Riwayat pendidikan dan/atau sertifikasi.                     e. Educational history and/or certification.
          f. Riwayat jabatan, meliputi informasi:                         f. Work experience, includes:
             1) dasar hukum pengangkatan sebagai anggota Dewan                1) legal basis for the appointment of Board of
                  Komisaris.                                                      Commissioners’ members excluding the Independent
                                                                                  Commissioner in the Issuer or Listed Company
              2) dasar hukum pengangkatan pertama kali sebagai                    concerned.
                 anggota Dewan Komisaris yang merupakan Komisaris             2) legal basis for the appointment of Board of
                 Independen pada Emiten atau Perusahaan Publik                    Commissioners’        members        as   Independent
                 yang bersangkutan.                                               Commissioner in the Issuer or Listed Company
                                                                                  concerned.
              3) rangkap jabatan, baik sebagai anggota Dewan                  3) concurrent position, both as members of the Board
                 Komisaris, anggota Direksi dan/atau anggota komite               of Commissioners, members of the Directors and/or
                 serta jabatan lainnya baik di dalam maupun di luar               members of the committee as well as other position,
                 Emiten atau Perusahaan Publik.                                   whether the position is within or outside of the Issuer
                                                                                  or Listed Company.
             4) pengalaman kerja beserta periode waktunya baik di             4) work experience as well as the working period both
                 dalam maupun di luar Emiten atau Perusahaan Publik.              inside or outside the Issuer or Listed Company.
          g. Hubungan afiliasi dengan anggota Dewan Komisaris             g. Affiliate relationships with another member of the Board
             lainnya, pemegang saham utama dan pengendali baik                of Commissioners’ members, majority and controlling
             langsung maupun tidak langsung sampai kepada pemilik             shareholders, both direct and indirectly, to the individual
             individu, meliputi nama pihak yang terafiliasi.                  owners, including names of the affiliates.
          h. Pernyataan independensi Komisaris Independen dalam           h. Statement of Independence of Independent Commissioner
             hal Komisaris Independen telah menjabat lebih dari 2             in the event that the Independent Commissioner has
             (dua) periode.                                                   served more than 2 (two) periods.
          i. Perubahan komposisi anggota Dewan Komisaris                  i. Changes in the Composition of the Board of
             dan alasan perubahannya. Dalam hal tidak terdapat                Commissioners’ Members and the reason for such changes.
             perubahan komposisi anggota Dewan Komisaris, maka                In the event that there is no change in the composition of
             diungkapkan mengenai hal tersebut.                               the members of the Board of Commissioners, this matter
                                                                              shall be disclosed.




      11. Dalam hal terdapat perubahan susunan anggota Direksi dan/       In case of a change in the composition of the Directors and/or      49, 55
          atau anggota Dewan Komisaris yang terjadi setelah tahun         the Board of Commissioners that occurred after the fiscal year
          buku berakhir sampai dengan batas waktu penyampaian             ends until the deadline for submission of the Annual Report,
          Laporan Tahunan, susunan yang dicantumkan dalam Laporan         then the structure set out in the Annual Report is the recent
          Tahunan adalah susunan anggota Direksi dan/atau anggota         and previous composition of the Directors members and/or
          Dewan Komisaris yang terakhir dan sebelumnya.                   the Board of Commissioners’ members.



      12. Jumlah Karyawan menurut jenis kelamin, jabatan, usia, tingkat   The number of Employees categorized based on gender,                65-66
          pendidikan dan status ketenagakerjaan (tetap/kontrak) dalam     position, age, educational level and work status (permanent/
          tahun buku.                                                     contract) in the fiscal year.


      13. Nama Pemegang Saham dan persentase kepemilikan pada             The names of Shareholders and percentage of ownership at            67-68
          awal dan akhir tahun buku, yang terdiri dari:                   the start and end of the financial year, which consists of:
          a. Pemegang saham yang memiliki 5% (lima persen) atau           a. Shareholders owning 5% (five percent) or more shares of
             lebih saham Emiten atau Perusahaan Publik.                      the Issuer or Listed Company.
          b. Anggota Direksi dan anggota Dewan Komisaris yang             b. Member of the Directors and Board of Commissioners
             memiliki saham Emiten atau Perusahaan Publik.                   who hold shares of the Issuer or Listed Company.
          c. Kelompok pemegang saham masyarakat, yaitu kelompok           c. Public shareholders, a group of shareholders who each
             pemegang saham yang masing-masing memiliki kurang               own less than 5% (five percent) of the shares of Issuer or
             dari 5% (lima persen) saham Emiten atau Perusahaan              Listed Company.
             Publik.

      14. Persentase kepemilikan tidak langsung atas saham Emiten         Percentage of indirect ownership of shares of Issuers or             68
          atau Perusahaan Publik oleh anggota Direksi dan anggota         Listed Companies by members of the Directors and the
          Dewan Komisaris pada awal dan akhir tahun buku, termasuk        Board of Commissioners at the start and end of the financial
          informasi mengenai pemegang saham yang terdaftar dalam          year, including information on shareholders registered in the
          daftar pemegang saham untuk kepentingan kepemilikan tidak       shareholder register for the benefit of indirect ownership
          langsung anggota Direksi dan anggota Dewan Komisaris.           of members of the Directors and members of the Board of
                                                                          Commissioners.




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PT Duta Pertiwi Tbk                                                                                                                      Closing




15. Jumlah pemegang saham dan persentase kepemilikan per           The number of shareholders and the percentage of ownership          68
    akhir tahun buku berdasarkan klasifikasi:                      as of the end of fiscal year based on the classification:
     a.   Kepemilikan institusi lokal.                             a.   Local institution ownership.
     b.   Kepemilikan institusi asing.                             b.   Foreign institution ownership.
     c.   Kepemilikan individu lokal.                              c.   Local individual ownership.
     d.   Kepemilikan individu asing.                              d.   Foreign individual ownership.


16. Informasi mengenai Pemegang Saham Utama dan Pengendali         Information on the Major and Controlling Shareholders of the        69
    Emiten atau Perusahaan Publik, baik langsung maupun tidak      Issuer or Listed Company, either directly or indirectly, to the
    langsung, sampai kepada pemilik individu, yang disajikan       individual owners, presented in the form of schemes or charts.
    dalam bentuk skema atau bagan.



17. Nama Entitas Anak, Perusahaan Asosiasi, Perusahaan             Name of Subsidiaries, Associates, Joint Venture Company            71-76
    Ventura Bersama dimana Emiten atau Perusahaan Publik           in which the Issuer or Listed Company has joint controlled
    memiliki pengendalian bersama entitas (jika ada), beserta      entities (if any), along with shareholding percentage, line
    persentase kepemilikan saham, bidang usaha, total aset dan     of business and status of such subsidiaries, associates, joint
    status operasi entitas anak, perusahaan asosiasi, perusahaan   venture company.
    ventura bersama tersebut.
     Untuk entitas anak, ditambahkan informasi mengenai alamat     For subsidiaries, please add information about the address.
     entitas anak tersebut.


18. Kronologi Pencatatan Saham, jumlah saham, nilai nominal        Chronology of Share Listing, number of shares, nominal value        77
    dan harga penawaran dari awal pencatatan hingga akhir          and the offering price from the beginning of listing until the
    tahun buku serta nama Bursa Efek di mana saham Emiten atau     end of fiscal year and name of the stock exchange where the
    Perusahaan Publik dicatatkan, termasuk pemecahan saham         Issuer’s or Listed Company’s share is listed, including stock
    (stock split), penggabungan saham (reverse stock), dividen     split, reverse stock, stock dividend, stock bonus and changes
    saham, saham bonus dan perubahan nilai nominal saham,          in nominal stock value, executed convertible securities,
    pelaksanaan efek konversi, pelaksanaan penambahan dan          completed capital addition and withdrawal (if any).
    pengurangan modal (jika ada).



19. Kronologi pencatatan Efek lainnya selain Efek sebagaimana      Chronology of other Securities listing other than Securities        77
    dimaksud pada angka 18, yang belum jatuh tempo paling          referred to in point 18, that has not been due, which at least
    sedikit memuat nama Efek, tahun penerbitan, tingkat suku       includes the name of Securities, year of issuance, interest/
    bunga/imbal hasil, tanggal jatuh tempo, nilai penawaran dan    return rate, maturity date, offering value and Securities rating
    peringkat Efek (jika ada).                                     (if any).



20. informasi Penggunaan Jasa Akuntan Publik (AP) dan Kantor       Information on the Service Rendered by Public Accountants           78
    Akuntan Publik (KAP) beserta jaringan/asosiasi/aliansinya      (AP) and Public Accounting Firms (KAP) and their networks/
    meliputi:                                                      associations/allies include:
     a. Nama dan alamat.                                           a. Name and address.
     b. Periode penugasan.                                         b. Assignment period.
     c. Informasi jasa audit dan/atau non audit yang diberikan.    c. Information on audit and/or non-audit services rendered.
     d. Biaya jasa (fee) audit dan/atau non audit untuk masing-    d. Audit and/or non-audit fees for each assignment given
        masing penugasan yang diberikan selama tahun buku.            during the financial year.
     e. Dalam hal AP dan KAP beserta jaringan/asosiasi/            e. In the event that AP and KAP and their network/association/
        aliansinya, yang ditunjuk tidak memberikan jasa non           alliance, which are appointed do not provide non-audit
        audit, maka diungkapkan mengenai informasi tersebut.          services, then the information is disclosed.




21. Nama dan alamat Lembaga dan/atau Profesi Penunjang Pasar       Name and address of Capital Market Institutions and/or              79
    Modal selain AP dan KAP.                                       Supporting Professions other than AP and KAP.


     Analisa dan Pembahasan Manajemen                              Management Discussion and Analysis
     Analisa dan pembahasan manajemen memuat analisa dan           Management discussion and analysis contains the analysis
 VI. pembahasan mengenai laporan keuangan dan informasi            and discussion of financial statements and other important
     penting lainnya dengan penekanan pada perubahan material      information with an emphasis on material changes that
     yang terjadi dalam tahun buku, yaitu paling sedikit memuat:   occurred during the fiscal year, which at least contain:


 1. Tinjauan operasi per segmen operasi sesuai dengan jenis        Operational review per business segment in accordance with         88-96
    industri Emiten atau Perusahaan Publik, paling sedikit         the type of industry of the Issuer or Listed Company, contains
    mengenai:                                                      at least:
    a. Produksi, yang meliputi proses, kapasitas dan               a. Production, which includes the process, capacity and
        perkembangannya.                                                development.
    b. Pendapatan/penjualan.                                       b. Revenue/sales.
    c. Profitabilitas.                                             c. Profitability.


 2. Kinerja    keuangan     komprehensif   yang    mencakup        Comprehensive financial performance analysis which includes        97-113
    perbandingan kinerja keuangan dalam 2 (dua) tahun buku         a comparison between the last 2 (two) fiscal year, explanation
    terakhir, penjelasan tentang penyebab adanya perubahan         about the cause of changes and the impact, among others
    dan dampak perubahan tersebut, paling sedikit mengenai:        concerning:
     a. Aset lancar, aset tidak lancar dan total aset;             a. Current assets, non-current assets and total assets.
     b. Liabilitas jangka pendek, liabilitas jangka panjang dan    b. Short-term liabilities, long-term liabilities and total
        total liabilitas.                                             liabilities.
     c. Ekuitas.                                                   c. Equity.
     d. Pendapatan/penjualan, beban, laba (rugi), penghasilan      d. Revenue/sales, expense, profit/loss, other comprehensive
        komprehensif lain dan total laba (rugi) komprehensif.         income and total of comprehensive income/loss.
     e. Arus kas.                                                  e. Cash flow.




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      3.    Kemampuan Membayar Utang                dengan     menyajikan     Ability to Pay Debt by presenting relevant ratio calculation.         114
            perhitungan rasio yang relevan.


      4.    Tingkat Kolektibilitas Piutang Emiten atau Perusahaan Publik      The Collectability level of the Issuer or Listed Company by           114
            dengan menyajikan perhitungan rasio yang relevan.                 presenting relevant ratio calculation.



      5.    Struktur Modal (capital structure) dan kebijakan manajemen        Capital Structure and management policy on such capital               114
            atas struktur modal (capital structure) tersebut disertai dasar   structure with the basis for determining such policy.
            penentuan kebijakan dimaksud.


      6.    Bahasan mengenai Ikatan yang Material untuk Investasi             Discussion on Material Ties for the Investment of Capital             115
            Barang Modal dengan penjelasan paling sedikit meliputi:           Goods with description includes at least:
            a. Tujuan dari ikatan tersebut.                                   a. The purpose of the ties.
            b. Sumber dana yang diharapkan untuk memenuhi ikatan              b. Source of funds expected to fulfill the said ties.
               tersebut.
            c. Mata uang yang menjadi denominasi.                             c. Currency of denomination.
            d. Langkah yang direncanakan Emiten atau Perusahaan               d. Steps taken by the Issuer or Listed Company to protect the
               Publik untuk melindungi risiko dari posisi mata uang asing        risk against the position of related foreign currency.
               yang terkait.


      7.    Bahasan mengenai Investasi Barang Modal yang Direalisasikan       Discussion on Capital Goods Investment Realized in the last           115
            dalam tahun buku terakhir, paling sedikit meliputi:               fiscal year, at least includes:
            a. Jenis investasi barang modal.                                  a. Type of capital goods investment.
            b. Tujuan investasi barang modal.                                 b. Objective of capital goods investment.
            c. Nilai investasi barang modal yang dikeluarkan.                 c. The investment value of capital goods.


      8.    Informasi dan Fakta Material yang Terjadi setelah Tanggal         Significant Information and Fact          Subsequent     to   the     116
            Laporan Akuntan (jika ada).                                       Accountant’s Report Date (if any).


      9.    Prospek usaha dari Emiten atau Perusahaan Publik dikaitkan        Business prospects of the Issuer of Listed Company in                 116
            dengan kondisi industri, ekonomi secara umum dan pasar            connection with the condition of industry, economy in general
            internasional disertai data pendukung kuantitatif dari sumber     and the international market supported by quantitative data
            data yang layak dipercaya.                                        from a reliable data source.


      10.   Perbandingan antara Target/ Proyeksi pada awal tahun buku         Comparison between Target/Projection in the beginning of              117
            dengan hasil yang dicapai (realisasi), mengenai:                  fiscal year and the achieved result (realization), which includes:
            a.   Pendapatan/penjualan.                                        a.   Revenue/sales.
            b.   Laba (rugi).                                                 b.   Income (loss).
            c.   Struktur modal (capital structure).                          c.   Capital structure.
            d.   Hal lainnya yang dianggap penting bagi Emiten atau           d.   Other matters that considered important for the Issuer or
                 Perusahaan Publik.                                                Listed Company.


      11.   Target/Proyeksi yang ingin dicapai Emiten atau Perusahaan         Issuer’s or Listed Company’s target/projection in 1 (one) year,       117
            Publik untuk 1 (satu) tahun mendatang, mengenai:                  which includes:
            a.   Pendapatan/penjualan.                                        a.   Revenue/sales.
            b.   Laba (rugi).                                                 b.   Income (loss).
            c.   Struktur modal (capital structure).                          c.   Capital structure.
            d.   Kebijakan dividen.                                           d.   Dividend policy.
            e.   Hal lainnya yang dianggap penting bagi Emiten atau           e.   Other matters that considered important for the Issuer or
                 Perusahaan Publik.                                                Listed Company.


      12.   Aspek Pemasaran atas barang dan/atau jasa Emiten                  Marketing Aspect for the product and service of Issuer or            118-119
            atau Perusahaan Publik, paling sedikit mengenai strategi          Listed Company, such as: marketing strategy and market
            pemasaran dan pangsa pasar.                                       share.


      13.   Uraian mengenai Dividen selama 2 (dua) tahun buku terakhir        Description regarding Dividends for the last 2 (two) fiscal           119
            (jika ada), paling sedikit:                                       years (if any), which at least includes:
            a. Kebijakan dividen.                                             a. Dividend policy.
            b. Tanggal pembayaran dividen kas dan/atau tanggal                b. Date of cash dividend payment and/or date of non-cash
               distribusi dividen non kas.                                       dividend distribution.
            c. Jumlah dividen per saham (kas dan/atau non kas).               c. Amount of dividend per share (cash/non-cash).
            d. Jumlah dividen per tahun yang dibayar.                         d. Amount of paid dividend per year.


      14.   Realisasi Penggunaan Dana Hasil Penawaran Umum, dengan            Actual Use of Proceeds from the Public Offering, provided             120
            ketentuan:                                                        that:
            a. Dalam hal selama tahun buku, Emiten memiliki kewajiban         a. In the event that during fiscal year, the Issuer has the
               menyampaikan laporan realisasi penggunaan dana, maka              obligation to report realization of the use of proceeds,
               diungkapkan realisasi penggunaan dana hasil Penawaran             thus the cumulative use of the proceeds from the Public
               Umum secara kumulatif sampai dengan akhir tahun buku.             Offering shall be disclosed until the last fiscal year.
            b. Dalam hal terdapat perubahan penggunaan dana                   b. In the event of any changes the in use of proceeds as
               sebagaimana diatur dalam Peraturan Otoritas Jasa                  stipulated in the Regulation of Financial Services Authority
               Keuangan tentang Laporan Realisasi Penggunaan Dana                on Report on Realization of the Use of Proceeds from
               Hasil Penawaran Umum, maka Emiten menjelaskan                     Public Offerings, Issuers shall explain such changes.
               perubahan tersebut.




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15. Informasi Material (jika ada), antara lain mengenai investasi,       Material Information (if any) regarding investments, expansion,      120-122
    ekspansi, divestasi, penggabungan/peleburan usaha,                   divestment, business merger/takeover,acquisition, debt/
    akuisisi, restrukturisasi utang/modal, transaksi material,           equity restructuring, material transaction, affiliated transaction
    transaksi afiliasi dan transaksi yang mengandung benturan            and transaction that contains conflict of interest occurred in
    kepentingan, yang terjadi pada tahun buku, antara lain               fiscal year, among others includes:
    memuat:
                                                                         a.   Date, value and transaction object.
    a. Tanggal, nilai dan objek transaksi.                               b.   Name of the parties conducting transaction.
    b. Nama pihak yang bertransaksi.                                     c.   Nature of affiliation (if any).
    c. Sifat hubungan afiliasi (jika ada).                               d.   Description about transaction fairness.
    d. Penjelasan mengenai kewajaran transaksi.                          e.   Relevant regulation compliance.
    e. Pemenuhan ketentuan terkait.                                      f.   In the case of affiliated relations present, the Issuer
    f. Dalam hal terdapat hubungan afiliasi, selain mengungkapkan             or Listed Company shall disclose information
        informasi sebagaimana dimaksud huruf a sampai e,                      other than refered to in point a to e as follows:
        Emiten atau Perusahaan Publik juga mengungkapkan
        informasi:
        1) pernyataan Direksi bahwa transaksi afiliasi telah                  1) the Directors’ statement that the affiliated transactions
            melalui prosedur yang memadai untuk memastikan                       have been processed through adequate procedures in
            bahwa transaksi afiliasi dilaksanakan sesuai dengan                  accordance to the general business practices, i.e. with
            praktik bisnis yang berlaku umum antara lain dilakukan               arms-length principle.
            dengan memenuhi prinsip transaksi yang wajar.
        2) peran Dewan Komisaris dan komite audit                             2) the roles of the Board of Commissioners and audit
            dalam      melakukan      prosedur     yang     memadai              committee is adequate to ensure that the affiliated
            untuk      memastikan      bahwa      transaksi   afiliasi           transactions have been implemented in accordance
            dilaksanakan sesuai dengan praktik bisnis yang                       to the general business practices, i.e. with arms-length
            berlaku umum antara lain dilakukan dengan                            principles.
            memenuhi prinsip transaksi yang wajar.
    g. Untuk transaksi afiliasi atau transaksi material yang             g. Affiliated transactions and material transactions that
        merupakan kegiatan usaha yang dijalankan dalam rangka               generate recurring and/or sustainable revenues, shall
        menghasilkan pendapatan usaha dan dijalankan secara                 be explained that the transactions are implemented to
        rutin, berulang dan/atau berkelanjutan, ditambahkan                 generate recurring and/or sustainable revenues.
        penjelasan bahwa transaksi afiliasi atau transaksi material
        tersebut merupakan kegiatan usaha yang dijalankan
        dalam rangka menghasilkan pendapatan usaha dan
        dijalankan secara rutin, berulang dan/atau berkelanjutan.
    h. Untuk pengungkapan transaksi afiliasi dan/atau transaksi          h. Disclosure on affiliated transactions and/or transaction
        benturan kepentingan yang merupakan hasil pelaksanaan               with conflict of interest that have been approved by
        transaksi afiliasi dan/atau transaksi benturan kepentingan          independent shareholders, shall have explanation on
        yang telah disetujui pemegang saham independen,                     the date of the general meeting of shareholders that
        ditambahkan informasi mengenai tanggal pelaksanaan                  approving the affiliated transactions and/or transaction
        RUPS yang menyetujui transaksi afiliasi dan/atau transaksi          with conflict of interest.
        benturan kepentingan tersebut.
    i. Dalam hal tidak terdapat transaksi afiliasi dan/atau              i.   In the absent of affiliated transaction and/or transaction
        transaksi benturan kepentingan, maka diungkapkan                      with conflict of interest, disclose the absence of such
        mengenai hal tersebut.                                                transaction.




16. Perubahan Ketentuan Peraturan Perundang-undangan yang                Changes in Regulation which have a significant impact on              122
    berpengaruh signifikan terhadap Emiten atau Perusahaan               the Issuer and Listed Company and the impact on financial
    Publik dan dampaknya terhadap laporan keuangan (jika ada).           statements (if any).



17. Perubahan Kebijakan Akuntansi, alasan dan dampaknya                  Changes in the Accounting Policy, reason and its impact on            123
    terhadap laporan keuangan (jika ada).                                financial statements (if any).



     Tata Kelola Emiten atau Perusahaan Publik                           Corporate Governance
VII. Tata kelola Emiten atau Perusahaan Publik paling sedikit            Governance of Issuer or Listed Company shall contain at least a
     memuat uraian singkat mengenai:                                     brief description about:


 1. RUPS                                                                 GMS                                                                  128-135


    a. Informasi mengenai keputusan RUPS pada tahun buku                 a. information on GMS resolution in the financial year and 1
       dan 1 (satu) tahun sebelum tahun buku                                (one) year prior to the financial year

    b. Dalam hal Emiten atau Perusahaan Publik menggunakan               b. In the event of the Issuer or Public Company uses
       pihak independen dalam pelaksanaan RUPS untuk                        independent party for voting count
       perhitungan suara


 2. Direksi, mencakup antara lain:                                       The Directors, include, among others:                                136-144
    a. Tugas dan tanggung jawab masing - masing anggota                  a. The duties and responsibilities of each member of the
       Direksi.                                                             Directors.
    b. Pernyataan bahwa Direksi memiliki pedoman atau piagam             b. A statement that the Directors has the Directors’ guidelines
       (charter) Direksi.                                                   or charter.
    c. Kebijakan dan pelaksanaan tentang frekuensi rapat                 c. Policy and the implementation of the Directors
       Direksi, termasuk rapat bersama Dewan Komisaris, dan                 meeting frequency, including meeting with Board of
       tingkat kehadiran anggota Direksi dalam rapat tersebut;              Commissioners, and attendance of the Directors in such
                                                                            meeting;
    d. Pelatihan dan/atau peningkatan kompetensi anggota                 d. Trainings and/or competence development of the
       direksi                                                              members of the Directors
    e. Penilaian terhadap kinerja komite yang mendukung                  e. The assessment on the performance of committee which
       pelaksanaan tugas Direksi.                                           supports the implementation of the Directors’ duties.




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      3.   Dewan Komisaris, mencakup antara lain:                          The Board of Commissioners, include, among others:                  145-151
           a. Tugas dan tanggung jawab Dewan Komisaris.                    a. The duties and responsibilities of each member of the Board
                                                                              of Commissioners.
           b. Pernyataan bahwa Dewan Komisaris memiliki pedoman            b. Statement that the Board of Commissioners has the Board of
              atau piagam (charter) Dewan Komisaris.                          Commissioners’ guidelines or charter.
           c. Kebijakan dan pelaksanaan tentang frekuensi rapat Dewan      c. Policy and the implementation of the Board of
              Komisaris, termasuk rapat bersama Direksi, dan tingkat          Commissioners meeting frequency, including meeting with
              kehadiran anggota Dewan Komisaris dalam rapat tersebut;         the Directors, and level of attendance of the members of the
           d. Pelatihan dan/atau peningkatan kompetensi anggota               Board of Commissioners in such meeting;
              Dewan Komisaris                                              d. Training and/or competence development of the member
           e. Penilaian terhadap kinerja komite yang mendukung                of Board of Commissioners
              pelaksanaan tugas Dewan Komisaris; dan                       e. The assessment on the performance of committee which
                                                                              supports the implementation of the Board of Commissioners’
                                                                              duties; and

      4.   Dewan Pengawas Syariah, bagi Emiten atau Perusahaan Publik      Sharia Supervisory Board, for Issuer or Listed Company which         166
           yang menjalankan kegiatan usaha berdasarkan prinsip syariah     carries out business activity based on sharia principle as stated
           sebagaimana tertuang dalam anggaran dasar.                      in the article of association.

      5.   Nominasi dan Remunerasi Direksi dan Dewan Komisaris             Nomination and Remuneration of the Directors and the Board          152-155
                                                                           of Commissioners
           a. Prosedur nominasi, meliputi uraian singkat mengenai          a. The nomination procedure, including a brief description of
              kebijakan dan proses nominasi anggota Direksi dan/atau           the policies and process for nomination of members of the
              anggota Dewan Komisaris.                                         Directors and/or members of the Board of Commissioners.
           b. Prosedur     dan pelaksanaan remunerasi Direksi dan          b. Procedures and implementation of remuneration for
              Komisaris antara lain:                                           Directors and Commissioners, among others:
              (1) prosedur penetapan remunerasi Direksi dan Dewan              (1) procedures for determining remuneration for the Board
                  Komisaris.                                                       of Directors and the Board of Commissioners.
              (2) struktur remunerasi Direksi dan Dewan Komisaris,             (2) the remuneration structure of the Board of Directors
                  seperti gaji, tunjangan, tantiem/bonus, dan lainnya.             and the Board of Commissioners, such as salaries,
                                                                                   allowances, bonuses/bonuses, and others.
                (3) Besarnya remunerasi masing-masing anggota Direksi          (3) The amount of remuneration for each member of the
                    dan Dewan Komisaris.                                           Board of Directors and the Board of Commissioners.


      6.   Komite Audit, mencakup antara lain:                             Audit Committee, includes, among others:                            156-162
           a. Nama dan jabatannya dalam keanggotaan komite.                a. Name and position in the committee.
           b. Usia.                                                        b. Age.
           c. Kewarganegaraan.                                             c. Citizenship.
           d. Riwayat pendidikan.                                          d. Educational history.
           e. Riwayat jabatan, meliputi informasi:                         e. Work experience, which includes information:
              1) dasar hukum penunjukan sebagai anggota komite.               1) basis of appointment as the member of the committee.
              2) rangkap jabatan, baik sebagai anggota Dewan                  2) concurrent position, either as the member of the Board
                  Komisaris, anggota Direksi dan/atau anggota komite              of Commissioners, member of the Directors and/or
                  serta jabatan lainnya (jika ada).                               member of committee as well as other position (if any).
              3) pengalaman kerja beserta periode waktunya baik di            3) work experience and working period both inside and
                  dalam maupun di luar Emiten atau Perusahaan Publik.             outside the Issuer or Listed Company.
           f. Periode dan masa jabatan anggota Komite Audit.               f. Period and tenure of the member of Audit Committee.
           g. Pernyataan independensi Komite Audit.                        g. Statement of Independence of the Audit Committee.
           h. Kebijakan dan pelaksanaan tentang frekuensi rapat Komite     h. Policy and implementation regarding the frequency of Audit
              Audit dan tingkat kehadiran anggota Komite Audit dalam          Committee meetings and the attendance of members of the
              rapat tersebut.                                                 Audit Committee at these meetings.
           i. Pendidikan dan/atau pelatihan yang telah diikuti dalam       i. Training attended in the fiscal year (if any).
              tahun buku (jika ada).
           j. Pelaksanaan kegiatan Komite Audit pada tahun buku sesuai     j.   Implementation of Audit Committee’s activity in the fiscal
              dengan yang dicantumkan dalam pedoman atau piagam                 year in accordance with the Audit Committee guideline or
              (charter) Komite Audit.                                           charter.


      7.   Komite Nominasi dan Remunerasi, yang mencakup antara lain:      Nomination and Remuneration Committees which includes:              163-166
           a. Nama dan jabatannya dalam keanggotaan komite.                a. Name and position in the committee.
           b. Usia.                                                        b. Age.
           c. Kewarganegaraan.                                             c. Citizenship.
           d. Riwayat pendidikan.                                          d. Educational history.
           e. Riwayat jabatan, meliputi informasi:                         e. Work experience, which includes information:
              1) dasar hukum penunjukan sebagai anggota komite.               1) basis of appointment as the member of the committee.
              2) rangkap jabatan, baik sebagai anggota Dewan                  2) concurrent position, either as the member of the Board
                  Komisaris, anggota Direksi dan/atau anggota komite              of Commissioners, member of the Directors and/or
                  serta jabatan lainnya (jika ada).                               member of committee as well as other position (if any).
              3) pengalaman kerja beserta periode waktunya baik di            3) work experience and working period both inside and
                  dalam maupun di luar Emiten atau Perusahaan Publik.             outside the Issuer or Listed Company.
           f. Periode dan masa jabatan anggota komite.                     f. Period and tenure of member of committee.
           g. Uraian tugas dan tanggung jawab.                             g. Description of duties and responsibilities.
           h. Pernyataan bahwa telah memiliki pedoman atau piagam          h. Statement of the committee’s guidelines or charter.
              (charter) komite.
           i. Pernyataan independensi komite.                              i. Statement of independence of the committee.
           j. Kebijakan dan pelaksanaan tentang frekuensi rapat komite     j. Policy and implementation regarding the frequency of
              dan tingkat kehadiran anggota komite dalam rapat tersebut.      Committee meetings and the attendance of members of the
           k. Pendidikan dan/atau pelatihan yang telah diikuti dalam          Committee at these meetings.
              tahun buku (jika ada).                                       k. Training attended in the fiscal year (if any).
           l. Uraian singkat pelaksanaan kegiatan komite pada tahun
              buku.                                                        l.   Brief description of the implementation of committee’s
                                                                                activity in the fiscal year.


      8.   Komite Lain yang dimiliki Emiten atau Perusahaan Publik dalam   Other Committees that the Issuer or Listed Company                   166
           rangka mendukung fungsi dan tugas Direksi dan/atau Dewan        have in order to support the function and duties
           Komisaris, yang mencakup antara lain:                           of the Directors and/or Board of Commissioners,
                                                                           which includes:
           a. Nama dan jabatannya dalam keanggotaan komite;                a. Name and position in the committee.
           b. Usia;                                                        b. Age.
           c. Kewarganegaraan;                                             c. Citizenship.
           d. Riwayat pendidikan;                                          d. Educational history.
           e. Riwayat jabatan, meliputi informasi:                         e. Work experience, which includes information:
              1) dasar hukum penunjukan sebagai anggota komite:               1) basis of appointment as the member of the committee.
              2) rangkap jabatan, baik sebagai anggota Dewan                  2) concurrent position, either as the member of the Board
                  Komisaris, anggota Direksi, dan/atau anggota komite             of Commissioners, member of the Directors and/or
                  serta jabatan lainnya (jika ada); dan                           member of committee as well as other position (if any).
              3) pengalaman kerja beserta periode waktunya baik di            3) work experience and working period both inside and
                  dalam maupun di luar Emiten atau Perusahaan Publik.             outside the Issuer or Listed Company.
           f. Periode dan masa jabatan anggota komite.                     f. Period and tenure of member of committee.
           g. Uraian tugas dan tanggung jawab.                             g. Description of duties and responsibilities.
           h. Pernyataan bahwa telah memiliki pedoman atau piagam          h. Statement of the committee’s guidelines or charter.
              (charter) komite.
           i. Pernyataan independensi komite.                              i. Statement of independence of the committee.
           j. Kebijakan dan pelaksanaan tentang frekuensi rapat komite     j. Policy and implementation regarding the frequency of
              dan tingkat kehadiran anggota komite dalam rapat tersebut.      Committee meetings and the attendance of members of the
           k. Pendidikan dan/atau pelatihan yang telah diikuti dalam          Committee at these meetings.
              tahun buku (jika ada).                                       k. Training attended in the fiscal year (if any).
           l. Uraian singkat pelaksanaan kegiatan komite pada tahun        l. Brief description of the implementation of committee’s
              buku.                                                           activity in the fiscal year.




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9.    Sekretaris Perusahaan, mencakup antara lain:                     Corporate Secretary, among others includes:                        167-169
      a. Nama.                                                         a. Name.
      b. Domisili.                                                     b. Domicile.
      c. Riwayat jabatan, meliputi informasi:                          c. Work experience, which includes information:
         1) dasar hukum penunjukan sebagai Sekretaris                     1) basis of appointment as the Corporate Secretary.
            Perusahaan.
         2) pengalaman kerja beserta periode waktunya baik di             2) work experience and working period both inside and
            dalam maupun di luar Emiten atau Perusahaan Publik.               outside the Issuer or Listed Company.
      d. Riwayat pendidikan.                                           d. Educational history.
      e. Pendidikan dan/atau pelatihan yang diikuti dalam tahun        e. Training attended in the fiscal year (if any).
         buku.
      f. Uraian singkat pelaksanaan tugas Sekretaris Perusahaan        f.   Brief description of the duties implementation of
         pada tahun buku.                                                   Corporate Secretary in the fiscal year.



10.   Unit Audit Internal, mencakup antara lain:                       Internal Audit Unit, among others includes:                        170-175
      a. Nama Kepala Unit Audit Internal.                              a. Name of head of Internal Audit Unit.
      b. Riwayat jabatan, meliputi informasi:                          b. Work experience, which includes information:
         1) dasar hukum penunjukan sebagai kepala Unit Audit              1) Basis of appointment as the head of Internal Audit Unit.
             Internal.
         2) pengalaman kerja beserta periode waktunya baik di             2) Work experience and working period both inside and
             dalam maupun di luar Emiten atau Perusahaan Publik.             outside the Issuer or Listed Company.
      c. Kualifikasi atau sertifikasi sebagai profesi audit internal   c. Qualification and certification as internal auditor (if any).
         (jika ada).
      d. Pendidikan dan/atau pelatihan yang diikuti dalam tahun        d. Training attended in the fiscal year.
         buku.
      e. Struktur dan kedudukan Unit Audit Internal.                   e. Structure and position of the Internal Audit Unit.
      f. Uraian tugas dan tanggung jawab.                              f. Description of duties and responsibilities.
      g. Pernyataan bahwa telah memiliki pedoman atau piagam           g. Statement of Internal Audit Unit’s guidelines or charter.
         (charter) Unit Audit Internal.
      h. Uraian singkat pelaksanaan tugas Unit Audit Internal pada     h. Brief description about the duties implementation of
         tahun buku.                                                      Internal Audit Unit in the fiscal year.




11    Uraian mengenai Sistem Pengendalian Internal yang                Description about Internal Control System implemented by           177-178
      diterapkan oleh Emiten atau Perusahaan Publik, paling sedikit    the Issuer or Listed Company, at least includes:
      mengenai:
      a. Pengendalian keuangan dan operasional, serta kepatuhan        a. Financial and operational control, as well as compliance
          terhadap peraturan perundang-undangan lainnya.                  towards other regulations.
      b. Tinjauan atas efektivitas sistem pengendalian internal.       b. Review on the effectiveness of internal control system.
      c. Pernyataan Direksi dan/atau Dewan Komisaris atas              c. Pernyataan Direksi dan/atau Dewan Komisaris atas
          kecukupan sistem pengendalian internal.                         kecukupan sistem pengendalian internal.



12.   Sistem Manajemen Risiko yang diterapkan oleh Emiten atau         Risk Management System implemented by the Issuer or Listed         178-186
      Perusahaan Publik, paling sedikit mengenai:                      Company, at least includes:
      a. Gambaran umum mengenai sistem manajemen risiko                a. General description about the Issuer’s or Listed Company’s
         Emiten atau Perusahaan Publik.                                   risk management system.
      b. Jenis risiko dan cara pengelolaannya.                         b. Type of risk and its management.
      c. Tinjauan atas efektivitas sistem manajemen risiko Emiten      c. Review on the effectiveness of Issuer’s or Listed Company’s
         atau Perusahaan Publik.                                          risk management.
      d. Pernyataan Direksi dan/atau Dewan Komisaris atas              d. Statement of the Board of Directors and/or Board of
         kecukupan sistem manajemen risiko.                               Commissioners on the adequacy of the risk management.


13.   Perkara Penting yang dihadapi oleh Emiten atau Perusahaan        Important Cases encountered by Issuer or Listed Company,           187-188
      Publik, entitas anak, anggota Direksi dan anggota Dewan          subsidiary entities, members of Directors and Board of
      Komisaris (jika ada), antara lain meliputi:                      Commissioners, includes, among others:
      a. Pokok perkara/gugatan.                                        a. Subject of the case/claim.
      b. Status penyelesaian perkara/gugatan.                          b. Status of settlement of case/claim.
      c. Pengaruhnya terhadap kondisi Emiten atau Perusahaan           c. Potential impacts on the condition of the Issuer or Listed
         Publik.                                                          Company.


14.   Informasi tentang Sanksi Administratif yang dikenakan            Information about Administrative sanctions imposed on               189
      kepada Emiten atau Perusahaan Publik, anggota Dewan              the Issuer or Listed Company, member of the Board of
      Komisaris dan Direksi, oleh otoritas Pasar Modal dan otoritas    Commissioners and Directors, by the Capital Market authority
      lainnya pada tahun buku terakhir (jika ada).                     and others in the last fiscal year (if any).



15.   Informasi mengenai Kode Etik Emiten atau Perusahaan Publik       Information about Issuer’s or Listed Company’s Code of             190-192
      meliputi:                                                        Conduct which includes:
      a. Pokok-pokok kode etik.                                        a. Principles of the code of conduct.
      b. Bentuk sosialisasi kode etik dan upaya penegakannya.          b. Form of dissemination of code of conduct and its
                                                                          enforcement attempt.
      c. Pernyataan bahwa kode etik berlaku bagi anggota Direksi,      c. Statement that the code of conduct is applicable to the
         anggota Dewan Komisaris dan karyawan Emiten atau                 members of the Directors, Board of Commissioners and
         Perusahaan Publik.                                               employees of the Issuer or Listed Company.



16.   Uraian mengenai Kebijakan pemberian kompensasi jangka            Description  of    the    long-term  performance-based              193
      panjang berbasis kinerja kepada manajemen dan/atau               compensation policy for management and/or employees.
      karyawan.




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      17.   Uraian singkat mengenai kebijakan pengungkapan informasi         A brief description of the information disclosure policy             193-195
            mengenai:                                                        regarding:
            a. kepemilikan saham anggota Direksi dan anggota Dewan           a. share ownership of members of the Board of Directors and
               Komisaris.                                                       members of the Board of Commissioners.
            b. pelaksanaan atas kebijakan dimaksud.                          b. implementation of the said policy.


      18.   Uraian mengenai Sistem Pelaporan Pelanggaran di Emiten           Description of Whistleblowing System in the Issuer and Listed        196-198
            atau Perusahaan Publik (jika ada), antara lain meliputi:         Company (if any), includes, among others:
            a.   Cara penyampaian laporan pelanggaran.                       a.   Mechanism of whistleblowing system.
            b.   Perlindungan bagi pelapor.                                  b.   Protection for the whistleblower.
            c.   Penanganan pengaduan.                                       c.   Complaint handling.
            d.   Pihak yang mengelola pengaduan.                             d.   Party that manages the complaint.
            e.   Hasil dari penanganan pengaduan, paling sedikit             e.   Result of complaint handling, at least includes:
                 meliputi:
                 1) Jumlah pengaduan yang masuk dan diproses dalam                1) Number of incoming and processed complaints in the
                     tahun buku.                                                     fiscal year.
                 2) Tindak lanjut pengaduan.                                      2) Complaint follow-up.


      19.   Uraian mengenai kebijakan anti korupsi Emiten atau               Description of the anti-corruption policy of the Issuer or Public    199-200
            Perusahaan Publik                                                Company


      20.   Penerapan atas Pedoman Tata Kelola Perusahaan Terbuka            Implementation Corporate Governance Guidelines for the               200-206
            bagi Emiten yang menerbitkan Efek Bersifat Ekuitas atau          Issuer or Listed Company which issues Equity-type Shares,
            Perusahaan Publik, meliputi:                                     which includes:
            a. Pernyataan     mengenai       rekomendasi    yang     telah   a. Statement regarding the recommendations that have
               dilaksanakan.                                                    been implemented.
            b. Penjelasan atas rekomendasi yang belum dilaksanakan,          b. Explanation of recommendations that have not been
               disertai alasan dan alternatif pelaksanaannya (jika ada).        implemented, as well as the reason and implementation
                                                                                alternatives (if any).




       VIII. Tanggung  Jawab Sosial dan Lingkungan Emiten atau               Social and Environmental Responsibility of Issuer or                  209
             Perusahaan Publik                                               Listed Company



       IX. Laporan Keuangan Tahunan yang Telah Diaudit                       Audited Financial Statements                                          239


            Laporan keuangan tahunan yang dimuat dalam Laporan               The annual financial statements contained in the Annual Report
            Tahunan disusun sesuai dengan Standar Akuntansi                  are prepared in accordance with the Financial Accounting
            Keuangan di Indonesia dan telah diaudit oleh Akuntan.            Standard in Indonesia and have been audited by Accountant.
            Laporan keuangan dimaksud memuat pernyataan mengenai             The financial report referred to, contains a statement regarding
            pertanggungjawaban atas laporan keuangan sebagaimana             the accountability for the financial report stipulated in the laws
            diatur dalam peraturan perundang-undangan di sektor Pasar        and regulations in the Capital Market sector that govern the
            Modal yang mengatur mengenai tanggung jawab Direksi              responsibilities of the Directors for the financial statements or
            atas laporan keuangan atau peraturan perundang-undangan          laws and regulations in the Capital Market sector that regulate
            di sektor Pasar Modal yang mengatur mengenai laporan             the periodic reports of Securities Companies in the event the
            berkala Perusahaan Efek dalam hal Emiten merupakan               Issuer is a Securities Company.
            Perusahaan Efek.




          Surat Pernyataan Anggota Direksi dan Anggota Dewan                 Statements of the Members of Directors and Board of
       X. Komisaris tentang Tanggung Jawab atas Laporan                                                                                            211
                                                                             Commissioners on Responsibility for the Annual Report
          Tahunan


            Surat pernyataan anggota Direksi dan anggota Dewan               The statement of the members of Board of Commissioners
            Komisaris tentang tanggung jawab atas Laporan Tahunan            on the responsibility for the Annual Report are prepared in
            disusun sesuai dengan format Surat Pernyataan Anggota            accordance with the format of the Statement of the members
            Direksi dan Anggota Dewan Komisaris tentang Tanggung             of the Directors and members of the Board of Commissioners
            Jawab atas Laporan Tahunan sebagaimana tercantum dalam           on Responsibility for the Annual Report as stated in the
            Lampiran yang merupakan bagian tidak terpisahkan dari Surat      Appendix which is an integral part of this Circular Letter of
            Edaran Otoritas Jasa Keuangan ini.                               Financial Services Authority.




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REFERENCE TO ASEAN CORPORATE GOVERNANCE SCORECARD

                                                                                                                      Halaman
                                                                                                                       Page


A.   Rights and Equitable Treatment of Shareholders

     A.1   Basic Shareholder Rights

                      Does the company pay (interim and final/annual) dividends in an equitable and timely
                      manner; that is, all shareholders are treated equally and paid within 30 days after being (i)
           A.1.1      declared for interim dividends and (ii) approved by shareholders at general meetings for        200-206
                      final dividends? In case the company has offered Scrip dividend, did the company paid
                      the dividend within 60 days.

           Right to participate effectively in and vote in general shareholder meetings and should be informed of
     A.2
           the rules, including voting procedures, that govern general shareholder meetings.

                      Do shareholders have the opportunity, evidenced by an agenda item, to approve
           A.2.1      remuneration (fees, allowances, benefit-in-kind and other emoluments) or any increases in         130
                      remuneration for the non-executive directors/commissioners?

                      Does the company provide non-controlling shareholders a right to nominate candidates
           A.2.2                                                                                                          -
                      for board of directors/commissioners?

           A.2.3      Does the company allow shareholders to elect directors/commissioners individually?                  -

                                                                                                                      129-130,
           A.2.4      Does the company disclose the voting procedures used before the start of meeting?               131, 200

                      Do the minutes of the most recent AGM record that the shareholders were given the
           A.2.5      opportunity to ask questions and the questions raised by shareholders and answers given         131-134
                      recorded?

                      Does the company disclose the voting results including approving, dissenting, and
           A.2.6                                                                                                        132
                      abstaining votes for all resolutions/each agenda item for the most recent AGM?

                      Does the company disclose the list of board members who attended the most recent                131. 140,
           A.2.7                                                                                                        200
                      AGM?

                      Does the company disclose that all board members and the CEO (if he is not a board              131-132
           A.2.8                                                                                                      (Explain)
                      member) attended the most recent AGM?

           A.2.9      Does the company allow voting in absentia?                                                          -

                      Did the company vote by poll (as opposed to by show of hands) for all resolutions at the
           A.2.10                                                                                                       129
                      most recent AGM?

                      Does the company disclose that it has appointed an independent party (scrutineers/
           A.2.11                                                                                                       131
                      inspectors) to count and/or validate the votes at the AGM?

                      Does the company make publicly available by the next working day the result of the votes
           A.2.12                                                                                                         -
                      taken during the most recent AGM/EGM for all resolutions?

           A.2.13     Does the company provide at least 21 days notice for all AGMs and EGMs?                           130




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                       Does the company provide the rationale and explanation for each agenda item which
            A.2.14     require shareholders’ approval in the notice of AGM/circulars and/or the accompanying           130
                       statement?

                       Does the company give the opportunity for shareholders to place item/s on the agenda of
            A.2.15                                                                                                     130
                       general meetings and/or to request for general meetings subject to a certain percentage?

      A.3   Markets for corporate control should be allowed to function in an efficient and transparent manner.

                       In cases of mergers, acquisitions and/or takeovers requiring shareholders' approval, does
            A.3.1      the board of directors/commissioners of the company appoint an independent party to              -
                       evaluate the fairness of the transaction price?

            The exercise of ownership rights by all shareholders, including institutional investors, should be
      A.4
            facilitated.

                       Does the company disclose its practices to encourage shareholders to engage with the
            A.4.1                                                                                                      194
                       company beyond general meetings?

      A.5   Shares and voting rights

                       Where the company has more than one class of shares, does the company publicise the
            A.5.1      voting rights attached to each class of shares (e.g. through the company website/reports/        -
                       the stock exchange/ the regulator's website)?

      A.6   Notice of AGM

                       Does each of the resolutions tabled at the most recent annual general meeting deal with
            A.6.1                                                                                                      130
                       only one item, i.e., there is no bundling of several items into the same resolution?

                       Are the company's notice of the most recent AGM/circulars fully translated into English
            A.6.2                                                                                                      130
                       and published on the same date as the local-language version?

            Does the notice of AGM/circulars have the following details:

                       Are the profiles of directors/commissioners (at least age, academic qualification, date of
            A.6.3      first appointment, experience, and directorships in other listed companies) in seeking           -
                       election/re-election included?

            A.6.4      Are the auditors seeking appointment/re-appointment clearly identified?                         134

            A.6.5      Were the proxy documents made easily available?                                                 130


      A.7   Insider trading and abusive self-dealing should be prohibited

                       Are the directors / commissioners required to report their dealings in company shares
            A.7.1                                                                                                      193
                       within 3 business days?

      A.8   Related party transactions by directors and key executives.

                       Does the company have a policy requiring a committee of independent directors/
            A.8.1      commissioners to review material RPTs to determine whether they are in the best interests       121
                       of the company and shareholders?

                       Does the company have a policy requiring board members (directors/commissioners) to
            A.8.2      abstain from participating in the board discussion on a particular agenda when they are         121
                       conflicted?

                       Does the company have policies on loans to directors and commissioners either forbidding
            A.8.3      this practice or ensuring that they are being conducted at arm's length basis and at market     122
                       rates?

      A.9   Protecting minority shareholders from abusive actions




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                       Does the company disclose that RPTs are conducted in such a way to ensure that they are
           A.9.1                                                                                                            121
                       fair and at arms' length?

                       In case of related party transactions requiring shareholders' approval, is the decision made
           A.9.2                                                                                                            120
                       by disinterested shareholders?


C.   Sustainability and Resilience

           Sustainability-related disclosure should be consistent, comparable and reliable, and include
     C.1   retrospective and forward-looking material information that a reasonable investor would consider
           important in making an investment or voting decision

           Material Sustainability-related information should be specified

                       Does the company identify/report ESG topics that are material to the organization’s
           C.1.1                                                                                                           (SR) 32
                       strategy?

           C.1.2       Does the company identify climate change as an issue?                                               (SR) 33


                       Does the company adopt an internationally recognized reporting framework or standard
           C.1.3       for sustainability (i.e. GRI, Integrated Reporting, SASB, IFRS Sustainability Disclosure             (SR) 7
                       Standards)?

           If a company publicly sets a sustainability-related goal or target, the disclosure framework should provide
           that reliable metrics are regularly disclosed in an easily accessible form

           C.1.4       Does the company disclose quantitative sustainability target?
                                                                                                                         (SR) 67, 78,
                                                                                                                         83, 95, 125,
                       Does the company disclose sustainability-related performance progress in relation to its              133
                       previously set targets?

                       Does the company confirm that its Sustainability Report/Reporting is reviewed and /or
                                                                                                                           (SR) 43
                       approved by the Board or Board Committee?

           Corporate governance frameworks should allow for dialogue between a company, its shareholders
     C.2
           and stakeholders to exchange views on sustainability matters

                       Does the company engage internal stakeholders to exchange views and gather feedback
           C.2.1                                                                                                           (SR) 33
                       on sustainability matters that are material to the business of the company?

                       Does the company engage external stakeholders to exchange views and gather feedback
           C.2.2                                                                                                           (SR) 33
                       on sustainability matters that are material to the business of the company?

           The corporate governance framework should ensure that boards adequately consider material
           sustainability risks and opportunities when fulfilling their key functions in reviewing, monitoring and
     C.3
           guiding governance practices, disclosure, strategy, risk management and internal control systems,
           including with respect to climate-related physical and transition risks

           Boards should assess whether the company’s capital structure is compatible with its strategic goals and its
           associated risk appetite to ensure it is resilient to different scenarios

                       Does the company disclose that the board reviews on an annual basis that the company's
           C.3.1       capital and debt structure is compatible with its strategic goals and its associated risk            114
                       appetite?

           The corporate governance framework should recognise the rights of stakeholders established by
     C.4   law or through mutual agreements and encourage active co-operation between corporations and
           stakeholders in creating wealth, jobs, and the sustainability of financially sound enterprises.

           Does the company disclose a policy and practices that address :
                                                                                                                         (SR) 56-63,
           C.4.1       The existence and scope of the company's efforts to address customers' welfare?                     76-87




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                C.4.2      Supplier/contractor selection procedures?                                                        205

                           The company's efforts to ensure that its value chain is environmentally friendly or is
                C.4.3                                                                                                    (SR) 24-25
                           consistent with promoting sustainable development?

                C.4.4      The company's efforts to interact with the communities in which they operate?                (SR) 130 -135

                C.4.5      The company's anti-corruption programmes and procedures?                                         199

                C.4.6      How creditors' rights are safeguarded?                                                         192, 205

                           Does the company have a separate report/section that discusses its efforts on environment/
                C.4.7                                                                                                     208-209
                           economy and social issues?

                Where stakeholder interests are protected by law, stakeholders should have the opportunity to obtain
          C.5
                effective redress for violation of their rights.

                           Does the company provide contact details via the company's website or Annual Report
                                                                                                                         192, 194,
                C.5.1      which stakeholders (e.g. customers, suppliers, general public etc.) can use to voice their    197-199
                           concerns and/or complaints for possible violation of their rights?

          C.6   Mechanisms for employee participation should be permitted to develop.

                           Does the company explicitly disclose the policies and practices on health, safety and
                C.6.1                                                                                                    (SR) 64-80
                           welfare for its employees?

                           Does the company explicitly disclose the policies and practices on training and
                C.6.2                                                                                                        64
                           development programmes for its employees?

                           Does the company have a reward/compensation policy that accounts for the performance
                C.6.3                                                                                                     193, 205
                           of the company beyond short-term financial measures?

                Stakeholders including individual employee and their representative bodies, should be able to freely
          C.7   communicate their concerns about illegal or unethical practices to the board and their rights should
                not be compromised for doing this.

                           Does the company have a whistle blowing policy which includes procedures for complaints
                C.7.1      by employees and other stakeholders concerning alleged illegal and unethical behaviour           197
                           and provide contact details via the company's website or annual report

                           Does the company have a policy or procedures to protect an employee/person who
                C.7.2                                                                                                     196, 205
                           reveals alleged illegal/unethical behaviour from retaliation?


      D   Disclosure and Transparency

          D.1   Transparent ownership structure

                           Does the information on shareholdings reveal the identity of beneficial owners, holding
                D.1.1                                                                                                    67,71,206
                           5% shareholding or more?

                           Does the company disclose the direct and indirect (deemed) shareholdings of major and/
                D.1.2                                                                                                        71
                           or substantial shareholders?

                           Does the company disclose the direct and indirect (deemed) shareholdings of directors           50-61,
                D.1.3                                                                                                      67-68
                           (commissioners)?

                           Does the company disclose the direct and indirect (deemed) shareholdings of senior
                D.1.4                                                                                                        68
                           management?

                           Does the company disclose details of the parent/holding company, subsidiaries,
                D.1.5                                                                                                      71-76
                           associates, joint ventures and special purpose enterprises/ vehicles (SPEs)/(SPVs)?

          D.2   Quality of Annual Report




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         Does the company's annual report disclose the following items:

         D.2.1      Corporate objectives                                                                            36

                                                                                                                 2, 12-14,
         D.2.2      Financial performance indicators                                                                192

         D.2.3      Non-financial performance indicators                                                          88-95

         D.2.4      Dividend policy                                                                                119


                    Biographical details (at least age, academic qualifications, date of first appointment,
         D.2.5      relevant experience, and any other directorships of listed companies) of all directors/       49-61
                    commissioners

         Corporate Governance Confirmation Statement

                    Does the Annual Report contain a statement confirming the company's full compliance
         D.2.6      with the code of corporate governance and where there is non-compliance, identify and        200-206
                    explain reasons for each such issue?

   D.3   Remuneration of Members of the Board and Key Executives

         D.3.1      Is there disclosure of the fee structure for non-executive directors/commissioners?              -

                    Does the company publicly disclose [i.e. annual report or other publicly disclosed
         D.3.2                                                                                                       -
                    documents] details of remuneration of each non-executive director/commissioner?

                    Does the company disclose its remuneration (fees, allowances, benefit-in-kind and other
         D.3.3      emoluments) policy/practices (i.e. the use of short term and long term incentives and          155
                    performance measures) for its executive directors and CEO?


                    Does the company publicly disclose [i.e. annual report or other publicly disclosed
         D.3.4      documents] the details of remuneration of each of the executive directors and CEO [if he/        -
                    she is not a member of the Board]?

   D.4   Disclosure of related party transactions (RPT)

         D.4.1      Does the company disclose its policy covering the review and approval of material RPTs?      121, 169


         D.4.2      Does the company disclose the name, relationship, nature and value for each material RPTs?     121


   D.5   Directors and commissioners dealings in shares of the company

         D.5.1      Does the company disclose trading in the company's shares by insiders?                         194


   D.6   External auditor and Auditor Report

         Where the same audit firm is engaged for both audit and non-audit services

         D.6.1      Are the audit and non-audit fees disclosed?                                                     78


         D.6.2      Does the non-audit fee exceed the audit fees?                                                    -


   D.7   Medium of communications

         Does the company use the following modes of communication?

         D.7.1      Quarterly reporting                                                                            169

                                                                                                                 30, 169,
         D.7.2      Company website                                                                                194




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                 D.7.3       Analyst's briefing                                                                            194, 201

                                                                                                                           169, 194,
                 D.7.4       Media briefings /press conferences                                                              201

          D.8    Timely filing/release of annual/financial reports

                             Are the audited annual financial report/statement released within 120 days from the
                 D.8.1                                                                                                       169
                             financial year end?

                 D.8.2       Is the annual report released within 120 days from the financial year end?                      169


                             Is the true and fairness/fair representation of the annual financial statement/reports
                 D.8.3       affirmed by the board of directors/commissioners and/or the relevant officers of the            211
                             company?

          D.9    Company website

                 Does the company have a website disclosing up-to-date information on the following:

                 D.9.1       Financial statements/reports (latest quarterly)

                 D.9.2       Materials provided in briefings to analysts and media
                                                                                                                           195, 201
                 D.9.3       Downloadable annual report

                 D.9.4       Notice of AGM and/or EGM

                 D.9.5       Minutes of AGM and/or EGM

                 D.9.6       Company's constitution (company's by-laws, memorandum and articles of association)

          D.10   Investor relations

                             Does the company disclose the contact details (e.g. telephone, fax, and email) of the
                 D.10.1                                                                                                       30
                             officer/office responsible for investor relations?

      E   Responsibilities of the Board

          E.1    Board Duties and Responsibilities

                 Clearly defined board responsibilities and corporate governance policy

                 E.1.1       Does the company disclose its corporate governance policy/board charter?                      136, 145

                 E.1.2       Are the types of decisions requiring board of directors/commissioners' approval disclosed?    138, 147

                 E.1.3       Are the roles and responsibilities of the board of directors/commissioners clearly stated ?   138, 147

                 Corporate Vision/Mission

                 E.1.4       Does the company have an updated vision and mission statement?                                   34

                             Does the board of directors play a leading role in the process of developing and reviewing
                 E.1.5                                                                                                     35, 140
                             the company's strategy at least annually?

                             Does the board of directors have a process to review, monitor and oversee the
                 E.1.6                                                                                                       140
                             implementation of the corporate strategy?

          E.2    Board structure


                 Code of Ethics or Conduct                                                                                 190-192




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         E.2.1      Are the details of the code of ethics or conduct disclosed?                                  190, 192

                    Are all directors/commissioners, senior management and employees required to comply
         E.2.2                                                                                                     190
                    with the code/s?

                    Does the company have a process to implement and monitor compliance with the code/s
         E.2.3                                                                                                     191
                    of ethics or conduct?

         Board Structure & Composition

                    Do independent directors/commissioners make up at least 50% of the board of directors/
         E.2.4                                                                                                     148
                    commissioners?

                    Does the company have a term limit of nine years or less or 2 terms of five years each for
         E.2.5                                                                                                   Tidak No
                    its independent directors/commissioners?

                    Has the company set a limit of five board seats that an individual independent/non-
         E.2.6                                                                                                   136, 145
                    executive director/commissioner may hold simultaneously?

                    Does the company have any executive directors who serve on more than two boards of
         E.2.7                                                                                                   Tidak No
                    listed companies outside of the group?

         Nominating Committee

         E.2.8      Does the company have a Nominating Committee?                                                  163

                    Is the Nominating Committee comprised of a majority of independent directors/
         E.2.9                                                                                                      -
                    commissioners?

         E.2.10     Is the chairman of the Nominating Committee an independent director/commissioner?            163, 145

                    Does the company disclose the terms of reference/governance structure/charter of the
         E.2.11                                                                                                    163
                    Nominating Committee?

                    Is the meeting attendance of the Nominating Committee disclosed and if so, did the
         E.2.12                                                                                                    165
                    Nominating Committee meet at least twice during the year?

         Remuneration Committee/Compensation Committee

         E.2.13     Does the company have a Remuneration Committee?                                                163

                    Is the Remuneration Committee comprised entirely of non-executive directors/
         E.2.14                                                                                                     -
                    commissioners with a majority of independent directors/commissioners ?

         E.2.15     Is the chairman of the Remuneration Committee an independent director/commissioner?            164

                    Does the company disclose the terms of reference/governance structure/ charter of the
         E.2.16                                                                                                    163
                    Remuneration Committee?

                    Is the meeting attendance of the Remuneration Committee disclosed and, if so, did the
         E.2.17                                                                                                    165
                    Remuneration Committee meet at least twice during the year?

         Audit Committee

         E.2.18     Does the company have an Audit Committee?                                                    156-162

                    Is the Audit Committee comprised entirely of non-executive directors/commissioners with
         E.2.19                                                                                                    159
                    a majority of independent directors/commissioners?

         E.2.20     Is the chairman of the Audit Committee an independent director/commissioner?                 156, 159


                    Does the company disclose the terms of reference/governance structure/charter of the
         E.2.21                                                                                                    156
                    Audit Committee?

                    Does at least one of the independent directors/commissioners of the committee have
         E.2.22                                                                                                    157
                    accounting expertise (accounting qualification or experience)?




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                        Is the meeting attendance of the Audit Committee disclosed and, if so, did the Audit
            E.2.23                                                                                                       161
                        Committee meet at least four times during the year?

                        Does the Audit Committee have primary responsibility for recommendation on the
            E.2.24                                                                                                       160
                        appointment, and removal of the external auditor?

      E.3   Board Processes


            Board meetings and attendance

            E.3.1       Are the board of directors meeting scheduled before the start of financial year?                 140

            E.3.2       Does the board of directors/commissioners meet at least six times during the year?             140, 149

                        Has each of the directors/commissioners attended at least 75% of all the board meetings
            E.3.3                                                                                                      140, 149
                        held during the year?

            E.3.4       Does the company require a minimum quorum of at least 2/3 for board decisions?                    -


                        Did the non-executive directors/commissioners of the company meet separately at least
            E.3.5                                                                                                         -
                        once during the year without any executives present?

            Access to information

                        Are board papers for board of directors/commissioners meetings provided to the board
            E.3.6                                                                                                      140, 149
                        at least five business days in advance of the board meeting?

                        Does the company secretary play a significant role in supporting the board in discharging
            E.3.7                                                                                                         -
                        its responsibilities?

                        Is the company secretary trained in legal, accountancy or company secretarial practices
            E.3.8                                                                                                      168-169
                        and has kept abreast on relevant developments?

            Board Appointments and Re-Election

            E.3.9       Does the company disclose the criteria used in selecting new directors/commissioners?          152-153

                        Did the company describe the process followed in appointing new directors/
            E.3.10                                                                                                     152-153
                        commissioners?

                        Are all directors/commissioners subject to re-election every 3 years; or 5 years for listed
            E.3.11                                                                                                     136, 145
                        companies in countries whose legislation prescribes a term of 5 years2 each?

            Remuneration Matters

                        Do the shareholders or the Board of Directors approve the remuneration of the executive
            E.3.12                                                                                                        -
                        directors and/or the senior executives?

                        Does the company have measurable standards to align the performance-based
            E.3.13      remuneration of the executive directors and senior executives with long-term interests of         -
                        the company, such as claw back provision and deferred bonuses?

            Internal Audit

            E.3.14      Does the company have a separate internal audit function?                                        170

                        Is the head of internal audit identified or, if outsourced, is the name of the external firm
            E.3.15                                                                                                       170
                        disclosed?

                        Does the appointment and removal of the internal auditor require the approval of the
            E.3.16                                                                                                        -
                        Audit Committee?




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         Risk Oversight

                    Does the company establish a sound internal control procedures/risk management
         E.3.17                                                                                                177, 183
                    framework and periodically review the effectiveness of that framework?

                    Does the Annual Report/Annual CG Report disclose that the board of directors/
         E.3.18     commissioners has conducted a review of the company's material controls (including         177, 186
                    operational, financial and compliance controls) and risk management systems?

                    Does the company disclose the key risks to which the company is materially exposed to
         E.3.19                                                                                                  184
                    (i.e. financial, operational including IT, environmental, social, economic)?

                    Does the Annual Report/Annual CG Report contain a statement from the board of
         E.3.20     directors/commissioners or Audit Committee commenting on the adequacy of the               178, 186
                    company's internal controls/risk management systems?


   E.4   People on the Board


         Board Chairman

         E.4.1      Do different persons assume the roles of chairman and CEO?                                     -

         E.4.2      Is the chairman an independent director/commissioner?                                          -

         E.4.3      Is any of the directors a former CEO of the company in the past 2 years?                       -

         E.4.4      Are the roles and responsibilities of the chairman disclosed?                                138


         Lead Independent Director

                    If the Chairman is not independent, has the Board appointed a Lead/Senior Independent
         E.4.5                                                                                                     -
                    Director and has his/her role been defined?

         Skills and Competencies

                    Does at least one non-executive director/commissioner have prior working experience in
         E.4.6                                                                                               137, 146, 153
                    the major sector that the company is operating in?

   E.5   Board Performance


         Directors Development

         E.5.1      Does the company have orientation programmes for new directors/commissioners?            141-143, 150


                    Does the company have a policy and actual practice and programs that encourages
         E.5.2      directors/commissioners to attend on-going or continuous professional education            141, 150
                    programmes?


         CEO/Executive Management Appointments and Performance


                    Does the company disclose the process on how the board of directors/commissioners
         E.5.3                                                                                                 153-154
                    plans for the succession of the CEO/Managing Director/President and key management?

                    Does the board of directors/commissioners conduct an annual performance assessment
         E.5.4                                                                                                   150
                    of the CEO/Managing Director/President?

         Board Appraisal




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                              Did the company conduct an annual performance assessment of the board of directors/
                   E.5.5                                                                                                       154
                              commissioners and disclose the criteria and process followed for the assessment?

                   Director Appraisal

                              Did the company conduct an annual performance assessment of the individual directors/
                   E.5.6                                                                                                    150, 155
                              commissioners and disclose the criteria and process followed for the assessment?

                   Committee Appraisal

                              Did the company conduct an annual performance assessment of the board committees
                   E.5.7                                                                                                       151
                              and disclose the criteria and process followed for the assessment?


      Level 2: BONUS ITEMS


      (B)A.Rights of shareholders

                   Right to participate effectively in and vote in general shareholders meeting and should be informed of
          (B)A.1
                   the rules, including voting procedures, that govern general shareholders meeting.

                              Does the company practice real time secure electronic voting in absentia at general
                   (B)A.1.1                                                                                                     -
                              meetings of shareholders?

      (B)B. Equitable treatment of shareholders

          (B)B.1 Notice of AGM

                              Does the company release its notice of AGM (with detailed agendas and explanatory
                   (B)B.1.1                                                                                                    130
                              circulars), as announced to the Exchange, at least 28 days before the date of the meeting?

      (B)C.Sustainability and Resilience


          (B)C.1


                   (B)C.1.1   Does the company disclose how it manages climate-related risks and opportunities?              (SR) 33

                              Does the company disclose that its Sustainability Report/Sustainability Reporting is
                   (B)C.1.2                                                                                                   (SR) 7
                              externally assured?

                              Does the company disclose the engagement channel with stakeholder groups and how
                   (B)C.1.3                                                                                                 (SR) 34-36
                              the company responds to stakeholders’ ESG concerns?

                              Does the company have a unit/division/committee who is specifically responsible to
                   (B)C.1.4                                                                                                 (SR) 41-43
                              manage the sustainability matters?

                              Does the company disclose board of directors/commissioners' oversight of sustainability-
                   (B)C.1.5                                                                                                 (SR) 41-44
                              related risks and opportunities?

                              Does the company disclose the linkage between executive directors and senior
                   (B)C.1.6                                                                                                     -
                              management remuneration and sustainability performance for the previous year?

                   (B)C.1.7   Is the company’s Whistleblowing System managed by independent parties/institutions?              197


      B)D. Disclosure and transparency

          B)D.1 Quality of Annual Report

                              Are the audited annual financial report/statement released within 60 days from the
                   B)D.1.1                                                                                                  Tidak No
                              financial year end?




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(B)E. Responsibilities of the Board

    (B)E.1 Board Competencies and Diversity


             (B)E.1.1   Does the company have at least one female independent director/commissioner?                    147


                        Does the company have a policy and disclose measurable objectives for implementing its        137, 146,
             (B)E.1.2                                                                                                   153
                        board diversity and report on progress in achieving its objectives?

    (B)E.2 Board Structure


             (B)E.2.1   Is the Nominating Committee comprise entirely of independent directors/commissioners?             -


                        Does the Nominating Committee undertake the process of identifying the quality of
             (B)E.2.2                                                                                                   152
                        directors aligned with the company's strategic directions?

    (B)E.3 Board Appointments and Re-Election


                        Does the company use professional search firms or other external sources of candidates
             (B)E.3.1   (such as director databases set up by director or shareholder bodies) when searching for          -
                        candidates to the board of directors/commissioners?


    (B)E.4 Board Structure & Composition

                        Do independent non-executive directors/commissioners make up more than 50% of the
             (B)E.4.1                                                                                                   148
                        board of directors/commissioners for a company with independent chairman?

    (B)E.5 Risk Oversight


                        Does the company disclose that its Board identified key risk in relation to information
             (B)E.5.1   technology including disruption, cyber security, and disaster recovery, to ensure that such   185-186
                        risks are managed and integrated into the overall risk management framework?


    (B)E.6 Board Performance


             (B)E.6.1   Does the company have a separate board level Risk Committee?                                      -


Level 2. PENALTY


(P)A.Rights of shareholders

    (P)A.1 Basic shareholder rights

                        Did the company fail or neglect to offer equal treatment for share repurchases to all
             (P)A.1.1                                                                                                 Tidak No
                        shareholders?

           Shareholders, including institutional shareholders, should be allowed to consult with each other on
    (P)A.2 issues concerning their basic shareholder rights as defined in the Principles, subject to exceptions to
           prevent abuse.

                        Is there evidence of barriers that prevent shareholders from communicating or consulting
             (P)A.2.1                                                                                                 Tidak No
                        with other shareholders?

             Right to participate effectively in and vote in general shareholders meeting and should be informed of
    (P)A.3
             the rules, including voting procedures, that govern general shareholders meeting.




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                               Did the company include any additional and unannounced agenda item into the notice
                   (P)A.3.1                                                                                                    Tidak No
                               of AGM/EGM?


                               Was the Chairman of the Board and the Chairmen of all Board Committees and the CEO
                   (P)A.3.2                                                                                                    131-132
                               absent from the most recent General Meeting?


                   Capital structures and arrangements that enable certain shareholders to obtain a degree of control
          (P)A.4
                   disproportionate to their equity ownership should be disclosed.

                   Did the company fail to disclose the existence of:

                   (P)A.4.1    Shareholders agreement?                                                                         Tidak No

                   (P)A.4.2    Voting cap?                                                                                     Tidak No

                   (P)A.4.3    Multiple voting rights?                                                                         Tidak No


                   Capital structures and arrangements that enable certain shareholders to obtain a degree of control
          (P)A.5
                   disproportionate to their equity ownership should be disclosed.


                   (P)A.5.1    Is a pyramid ownership structure and/ or cross holding structure apparent?                      Tidak No



      (P)B. Equitable treatment of shareholders


          (P)B.1 Insider trading and abusive self-dealing should be prohibited

                               Has there been any conviction of insider trading involving directors/commissioners,
                   (P)B.1.1                                                                                                    Tidak No
                               management and employees in the past three years?

          (P)B.2 Protecting minority shareholders from abusive action

                               Has there been any cases of non compliance with the laws, rules and regulations pertaining
                   (P)B.2.1                                                                                                    Tidak No
                               to material related party transactions in the past three years?


                               Were there any RPTs that can be classified as financial assistance (i.e not conducted at arms
                   (P)B.2.2                                                                                                    Tidak No
                               length) to entities other than wholly-owned subsidiary companies?


      (P)C. Role of stakeholders


                   The rights of stakeholders that are established by law or through mutual agreements are to be
          (P)C.1
                   respected.


                               Have there been any violations of any laws pertaining to labour/employment/ consumer/
                   (P)C.1.1                                                                                                    Tidak No
                               insolvency/ commercial/competition or environmental issues?


                   Where stakeholders participate in the corporate governance process, they should have access to
          (P)C.2
                   relevant, sufficient and reliable information on a timely and regular basis.


                               Has the company faced any sanctions by regulators for failure to make announcements
                   (P)C.2.1                                                                                                    Tidak No
                               within the requisite time period for material events?


                   (P)C.2.2    Is there any evidence that the company is engaging in greenwashing activities?                  Tidak No




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(P)D.Disclosure and transparency

    (P)D.1 Sanctions from regulator on financial reports

           (P)D.1.1    Did the company receive a "qualified opinion" in its external audit report?                   Tidak No

           (P)D.1.2    Did the company receive an "adverse opinion" in its external audit report?                    Tidak No

           (P)D.1.3    Did the company receive a "disclaimer opinion" in its external audit report?                  Tidak No

                       Has the company in the past year revised its financial statements for reasons other than
           (P)D.1.4                                                                                                  Tidak No
                       changes in accounting policies?


(P)E. Responsibilities of the Board

    (P)E.1 Compliance with listing rules, regulations and applicable laws

                       Is there any evidence that the company has not complied with any listing rules and
           (P)E.1.1                                                                                                  Tidak No
                       regulations apart from disclosure rules over the past year?

                       Have there been any instances where non-executive directors/commissioner have
           (P)E.1.2                                                                                                  Tidak No
                       resigned and raised any issues of governance-related concerns?

    (P)E.2 Board structure

                       Does the Company have any independent directors/commissioners who have served for
           (P)E.2.1    more than nine years or two terms of five years each (which ever is higher) in the same        Ya Yes
                       capacity?

                       Did the company fail to correctly identify the description of all their directors as
           (P)E.2.2                                                                                                  Tidak No
                       independent, non-executive, and executive?

                       Does the company have any independent directors/non-executive/commissioners who
           (P)E.2.3                                                                                                  Tidak No
                       serve on a total of more than five boards of publicly-listed companies?

    (P)E.3 External Audit

                       Is any of the directors or senior management a former employee or partner of the current
           (P)E.3.1                                                                                                  Tidak No
                       external auditor (in the past 2 years)?

    (P)E.4 Board structure and composition

           (P)E.4.1    Has the chairman been the company CEO in the last three years?                                Tidak No


                       Do non-executive directors/commissioners receive options, performance shares or
           (P)E.4.2                                                                                                  Tidak No
                       bonuses?


APPENDIX


    APX    Do shareholders have the right to participate in:

           APX A.2.1 Amendments to the company's constitution?                                                        Ya Yes

           APX A.2.2 The authorisation of additional shares?                                                          Ya Yes

                       The transfer of all or substantially all assets, which in effect results in the sale of the
           APX A.2.3                                                                                                  Ya Yes
                       company?

           APX B.1.4 Does the company's ordinary or common shares have one vote for one share?                        Ya Yes




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                                                                                                              Page



                  Does the company have policies and/or rules prohibiting directors/commissioners and
      APX B.3.1                                                                                               Ya Yes
                  employees to benefit from knowledge which is not generally available to the market?



                  Does the company have a policy requiring directors /commissioners to disclose their
      APX B.4.1                                                                                               Ya Yes
                  interest in transactions and any other conflicts of interest?



                  Attendance details of each director/commissioner in all directors/commissioners meetings
      APX D.2.6                                                                                              140, 149
                  held during the year




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                      Halaman Ini Sengaja Dikosongkan
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                         Artist Impression Vermont
                         Kota Wisata – Cibubur




2023   Laporan Tahunan
       Annual Report
Page 239
            PT Duta Pertiwi Tbk




FINANCIAL STATEMENT


                           239
Page 240
PT Duta Pertiwi Tbk
dan Entitas Anak/and its Subsidiaries

Laporan Keuangan Konsolidasian/
Consolidated Financial Statements

Untuk Tahun-tahun yang Berakhir 31 Desember 2023 dan 2022/
For the Years Ended December 31, 2023 and 2022
Page 241
PT DUTA PERTIWI Tbk DAN ENTITAS ANAK/
PT DUTA PERTIWI Tbk AND ITS SUBSIDIARIES
DAFTAR ISI/TABLE OF CONTENTS



                                                                                             Halaman/
                                                                                               Page

Laporan Auditor Independen/
Independent Auditors’ Report

Surat Pernyataan Direksi tentang Tanggung Jawab atas Laporan Keuangan Konsolidasian
PT Duta Pertiwi Tbk dan Entitas Anak untuk Tahun-tahun yang Berakhir 31 Desember 2023 dan
2022/
The Directors’ Statement on the Responsibility for Consolidated Financial Statements of
PT Duta Pertiwi Tbk and Its Subsidiaries for the Years Ended December 31, 2023 and 2022


LAPORAN KEUANGAN KONSOLIDASIAN – Untuk Tahun-tahun yang Berakhir 31 Desember
   2023 dan 2022
CONSOLIDATED FINANCIAL STATEMENTS – For the Years Ended December 31, 2023 and
   2022

    Laporan Posisi Keuangan Konsolidasian/Consolidated Statements of Financial Position          1

    Laporan Laba Rugi dan Penghasilan Komprehensif Lain Konsolidasian/Consolidated
      Statements of Profit or Loss and Other Comprehensive Income                                3

    Laporan Perubahan Ekuitas Konsolidasian/Consolidated Statements of Changes in Equity         4

    Laporan Arus Kas Konsolidasian/Consolidated Statements of Cash Flows                         5

    Catatan atas Laporan Keuangan Konsolidasian/Notes to Consolidated Financial Statements       6
Page 242

          
Page 243

          
Page 244

          
Page 245

          
Page 246

          
Page 247

          
Page 248

          
Page 249
PT DUTA PERTIWI Tbk DAN ENTITAS ANAK                                                                             PT DUTA PERTIWI Tbk AND ITS SUBSIDIARIES
Laporan Posisi Keuangan Konsolidasian                                                                             Consolidated Statements of Financial Position
31 Desember 2023 dan 2022                                                                                                          December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah, kecuali Dinyatakan Lain)                                        (Figures are Presented in Rupiah, unless Otherwise Stated)



                                                                                Catatan/
                                                           2023                  Notes                    2022

ASET                                                                                                                        ASSETS

ASET LANCAR                                                                                                                 CURRENT ASSETS

Kas dan setara kas                                    2.875.636.301.739            4                 3.497.490.464.122      Cash and cash equivalents
Investasi jangka pendek                                 277.638.312.774            5                   312.107.041.678      Short-term investments
                                                                                                                            Trade accounts receivable - net of
Piutang usaha - setelah dikurangi                                                                                              allowance for impairment of
   cadangan kerugian penurunan                                                                                                 Rp 1,681,980,543 and
   nilai masing-masing sebesar                                                                                                 Rp 2,717,249,366 as of
   Rp 1.681.980.543 dan Rp 2.717.249.366                                                                                       December 31, 2023 and 2022,
   pada tanggal 31 Desember 2023 dan 2022                                          6                                           respectively
   Pihak berelasi                                         7.149.273.196                                  6.879.451.247         Related parties
   Pihak ketiga                                          16.395.952.918                                 13.960.689.382         Third parties
Piutang lain-lain - setelah dikurangi                                                                                       Other accounts receivable - net of
   cadangan kerugian penurunan                                                                                                 allowance for impairment of
   nilai masing-masing sebesar                                                                                                 Rp 27,784,089 and
   Rp 27.784.089 dan Rp 24.131.757                                                                                             Rp 24,131,757 as of
   pada tanggal 31 Desember 2023                                                                                               December 31, 2023 and 2022,
   dan 2022                                              29.039.351.292           7                     15.831.045.685         respectively
Persediaan                                            4.025.716.925.844           8                  3.858.056.452.119      Inventories
Uang muka                                                27.322.968.475           9                     88.325.077.774      Advances
Pajak dibayar dimuka                                    337.113.037.209           10                   343.859.739.521      Prepaid taxes
Biaya dibayar dimuka                                     36.815.757.798           11                    28.950.105.919      Prepaid expenses
Jumlah Aset Lancar                                    7.632.827.881.245                              8.165.460.067.447      Total Current Assets

ASET TIDAK LANCAR                                                                                                           NONCURRENT ASSETS

Investasi dalam saham                                   589.897.769.119           12                   447.245.360.056      Investments in shares
Biaya dibayar dimuka                                     12.584.890.538           11                    17.776.563.920      Prepaid expenses
Tanah yang belum dikembangkan                         4.557.125.002.664           13                 4.615.527.046.541      Land for development
Aset tetap - setelah dikurangi
   akumulasi penyusutan                                                                                                     Property and equipment - net of
   masing-masing sebesar                                                                                                       accumulated depreciation of
   Rp 675.748.326.891 dan                                                                                                      Rp 675,748,326,891 and
   Rp 663.100.883.330 pada                                                                                                     Rp 663,100,883,330 as of
   tanggal 31 Desember 2023                                                                                                    December 31, 2023 and 2022,
   dan 2022                                             226.825.796.246           14                   233.050.518.655         respectively
Aset hak-guna - setelah dikurangi                                                                                           Right-of-use assets - net of
   akumulasi penyusutan                                                                                                        accumulated depreciation
   masing-masing sebesar                                                                                                       of Rp 7,854,190,742 and
   Rp 7.854.190.742 dan                                                                                                        Rp 6,895,849,869 as of
   Rp 6.895.849.869 pada tanggal                                                                                               December 31, 2023 and 2022,
   31 Desember 2023 dan 2022                              5.251.805.913           15                      8.710.146.786        respectively
Properti investasi - setelah dikurangi
   akumulasi penyusutan                                                                                                     Investment properties - net of
   masing-masing sebesar                                                                                                       accumulated depreciation of
   Rp 958.653.562.140 dan                                                                                                      Rp 958,653,562,140 and
   Rp 854.370.571.500 pada                                                                                                     Rp 854,370,571,500 as of
   tanggal 31 Desember 2023                                                                                                    December 31, 2023 and 2022,
   dan 2022                                           2.093.186.050.444           16                 2.084.736.590.459         respectively
Goodwill                                                  9.302.932.297           17                     9.302.932.297      Goodwill
Aset lain-lain                                            4.486.867.800                                  4.368.867.800      Other assets
Jumlah Aset Tidak Lancar                              7.498.661.115.021                              7.420.718.026.514      Total Noncurrent Assets

JUMLAH ASET                                          15.131.488.996.266                             15.586.178.093.961      TOTAL ASSETS




Lihat catatan atas laporan keuangan konsolidasian yang merupakan                           See accompanying notes to consolidated financial statements
bagian yang tidak terpisahkan dari laporan keuangan konsolidasian.                         which are an integral part of the consolidated financial statements.



                                                                          -1-
Page 250
PT DUTA PERTIWI Tbk DAN ENTITAS ANAK                                                                             PT DUTA PERTIWI Tbk AND ITS SUBSIDIARIES
Laporan Posisi Keuangan Konsolidasian                                                                             Consolidated Statements of Financial Position
31 Desember 2023 dan 2022                                                                                                          December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah, kecuali Dinyatakan Lain)                                        (Figures are Presented in Rupiah, unless Otherwise Stated)



                                                                                Catatan/
                                                           2023                  Notes                    2022

LIABILITAS DAN EKUITAS                                                                                                      LIABILITIES AND EQUITY

LIABILITAS                                                                                                                  LIABILITIES

LIABILITAS JANGKA PENDEK                                                                                                    CURRENT LIABILITIES

                                                                                                                            Trade accounts payable -
Utang usaha - pihak ketiga                              398.147.010.714           18                   219.366.627.599         third parties
Utang pajak                                              25.574.256.155           19                    38.015.610.385      Taxes payable
Beban akrual                                             25.563.183.040           20                    24.124.171.945      Accrued expenses
Setoran jaminan                                         160.115.217.517           21                   151.833.476.787      Security deposits
Liabilitas kontrak                                    1.908.686.259.835           22                 2.682.373.961.368      Contract liabilities
Uang muka diterima                                       72.341.605.251           23                    80.852.992.732      Advances received
Sewa diterima dimuka                                    225.160.458.296           24                   142.666.896.710      Rental advances
Bagian liabilitas sewa jangka
   panjang yang akan jatuh tempo                                                                                            Current portion of long-term
   dalam waktu satu tahun                                 2.482.013.717           26                     2.577.360.000         Lease liabilities
Liabilitas lain-lain                                      9.840.890.342                                 13.101.401.366      Other liabilities
Jumlah Liabilitas Jangka Pendek                       2.827.910.894.867                              3.354.912.498.892      Total Current Liabilities

LIABILITAS JANGKA PANJANG                                                                                                   NONCURRENT LIABILITIES

Liabilitas sewa jangka panjang -
   setelah dikurangi bagian yang akan                                                                                       Long-term lease liabilities -
   jatuh tempo dalam waktu satu tahun                                 -           26                     2.012.603.975         net of current portion
Setoran jaminan                                          64.686.043.734           21                    63.402.505.379      Security deposits
Liabilitas kontrak                                      587.480.251.779           22                   750.275.844.632      Contract liabilities
Uang muka diterima                                        7.131.727.288           23                   122.449.744.141      Advances received
Sewa diterima dimuka                                    104.869.021.362           24                   291.297.161.184      Rental advances
Liabilitas imbalan kerja jangka                                                                                             Long-term employee benefits
   panjang - bersih                                      78.523.850.676           37                    75.587.380.370         liability - net
Jumlah Liabilitas Jangka Panjang                        842.690.894.839                              1.305.025.239.681      Total Noncurrent Liabilities

Jumlah Liabilitas                                     3.670.601.789.706                              4.659.937.738.573      Total Liabilities

EKUITAS                                                                                                                     EQUITY

Ekuitas yang dapat Diatribusikan                                                                                            Equity Attributable to Owners of
  kepada Pemilik Entitas Induk                                                                                                  the Parent Company
Modal saham - nilai nominal                                                                                                 Capital stock - Rp 500 par value
  Rp 500 per saham                                                                                                              per share
  Modal dasar -                                                                                                                 Authorized -
      3.000.000.000 saham                                                                                                           3,000,000,000 shares
  Modal ditempatkan dan disetor -                                                                                               Issued and paid-up -
      1.850.000.000 saham                               925.000.000.000           28                   925.000.000.000              1,850,000,000 shares
Tambahan modal disetor                                  465.081.634.211           29                   465.081.634.211      Additional paid-in capital
                                                                                                                            Difference in value arising from
Selisih nilai transaksi dengan                                                                                                  transaction with non-controlling
   kepentingan nonpengendali                             19.977.938.029           30                    19.979.103.231          interest
Saldo laba                                                                                                                  Retained earnings
   Ditentukan penggunaannya                              27.589.383.000           31                    25.589.383.000          Appropriated
   Belum ditentukan penggunaannya                     8.832.647.235.491                              7.770.324.746.798          Unappropriated

Jumlah Ekuitas yang dapat
  Diatribusikan kepada Pemilik                                                                                              Total Equity Attributable to
  Entitas Induk                                      10.270.296.190.731                              9.205.974.867.240         Owners of the Parent Company

Kepentingan Nonpengendali                             1.190.591.015.829           33                 1.720.265.488.148      Non-controlling Interests

Jumlah Ekuitas                                       11.460.887.206.560                             10.926.240.355.388      Total Equity

JUMLAH LIABILITAS DAN EKUITAS                        15.131.488.996.266                             15.586.178.093.961      TOTAL LIABILITIES AND EQUITY




Lihat catatan atas laporan keuangan konsolidasian yang merupakan                           See accompanying notes to consolidated financial statements
bagian yang tidak terpisahkan dari laporan keuangan konsolidasian.                         which are an integral part of the consolidated financial statements.



                                                                          -2-
Page 251
PT DUTA PERTIWI Tbk DAN ENTITAS ANAK                                                                         PT DUTA PERTIWI Tbk AND ITS SUBSIDIARIES
Laporan Laba Rugi dan Penghasilan Komprehensif                                                                     Consolidated Statements of Profit or Loss
Lain Konsolidasian                                                                                                        and Other Comprehensive Income
Untuk Tahun-tahun yang Berakhir 31 Desember 2023 dan 2022                                                  For the Years Ended December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah, kecuali Dinyatakan Lain)                                    (Figures are Presented in Rupiah, unless Otherwise Stated)



                                                                              Catatan/
                                                            2023               Notes              2022

PENDAPATAN USAHA                                       3.862.424.155.689        34         3.017.085.551.871       REVENUES

BEBAN POKOK PENJUALAN                                  1.546.864.456.387        35         1.072.135.909.581       COST OF REVENUES
LABA KOTOR                                             2.315.559.699.302                   1.944.949.642.290       GROSS PROFIT

BEBAN USAHA                                                                     36                                 OPERATING EXPENSES
Penjualan                                               577.775.546.189                      483.998.755.524       Selling
Umum dan administrasi                                   383.427.409.224                      359.032.209.216       General and administrative
Pajak final                                             161.895.565.753         41           122.419.856.760       Final tax
Jumlah Beban Usaha                                     1.123.098.521.166                     965.450.821.500       Total Operating Expenses

LABA USAHA                                             1.192.461.178.136                     979.498.820.790       PROFIT FROM OPERATIONS

PENGHASILAN (BEBAN) LAIN-LAIN                                                                                      OTHER INCOME (EXPENSES)
Pendapatan bunga dan investasi                          133.852.002.661         38             94.337.984.096      Interest and investment income
Keuntungan (kerugian) selisih kurs
   mata uang asing - bersih                                1.676.981.672                       (6.690.551.703)     Gain (loss) on foreign exchange - net
Keuntungan penjualan aset tetap                            1.035.452.732        14                204.434.234      Gain on sale of property and equipment
Pemulihan kerugian penurunan nilai                                                                                 Reversal of impairment of
   piutang - bersih                                        1.031.616.491        6,7                46.177.691          receivables - net
Dampak pendiskontoan aset dan                                                                                      Effect of discounting financial assets
   liabilitas keuangan - bersih                              564.210.564                        2.187.295.836          and liabilities - net
Beban bunga                                             (201.420.279.028)       39           (243.558.245.017)     Interest expense
Lain-lain - bersih                                       151.686.037.799        40             38.724.122.579      Others - net

Penghasilan (Beban) Lain-lain - bersih                    88.426.022.891                     (114.748.782.284)     Other Income (Expenses) - net
EKUITAS PADA LABA (RUGI) BERSIH DARI                                                                               SHARE IN NET INCOME (LOSS)
  INVESTASI DALAM SAHAM                                    6.600.627.522        12            (16.394.889.474)       OF INVESTEES

LABA SEBELUM PAJAK                                     1.287.487.828.549                     848.355.149.032       PROFIT BEFORE TAX

BEBAN PAJAK KINI                                           2.226.443.692        41              1.657.904.530      CURRENT TAX EXPENSE

LABA TAHUN BERJALAN                                    1.285.261.384.857                     846.697.244.502       NET PROFIT FOR THE YEAR

PENGHASILAN (RUGI) KOMPREHENSIF                                                                                    OTHER COMPREHENSIVE INCOME
  LAIN                                                                                                               (LOSS)
Pos yang tidak akan direklasifikasi ke                                                                             Items that will not be reclassified
   laba rugi:                                                                                                         subsequently to profit or loss:
   Ekuitas pada pengukuran kembali liabilitas                                                                         Share in remeasurement of defined
      imbalan pasti dari entitas asosiasi                                                                                 benefit liability of associates and
      dan ventura bersama                                   (167.218.459)       12                (25.738.987)            joint ventures
   Pengukuran kembali liabilitas imbalan                                                                              Remeasurement of defined benefit
      pasti                                               (2.225.656.941)       37              1.536.730.727             liability

Jumlah Penghasilan (Rugi) Komprehensif                                                                             Total Other Comprehensive Income
  Lain                                                    (2.392.875.400)                       1.510.991.740         (Loss)
JUMLAH PENGHASILAN KOMPREHENSIF                        1.282.868.509.457                     848.208.236.242       TOTAL COMPREHENSIVE INCOME

Jumlah laba tahun berjalan yang dapat
   diatribusikan kepada:                                                                                           Total profit for the year attributable to:
   Pemilik entitas induk                               1.066.420.859.165                     747.550.086.833          Owners of the Parent Company
   Kepentingan nonpengendali                             218.840.525.692        33            99.147.157.669          Non-controlling interests
   Jumlah                                              1.285.261.384.857                     846.697.244.502          Total

Jumlah penghasilan komprehensif yang                                                                               Total comprehensive income
   dapat diatribusikan kepada:                                                                                        attributable to:
   Pemilik entitas induk                               1.064.322.488.693                     749.058.172.950          Owners of the Parent Company
   Kepentingan nonpengendali                             218.546.020.764        33            99.150.063.292          Non-controlling interests
   Jumlah                                              1.282.868.509.457                     848.208.236.242          Total

LABA PER SAHAM DASAR                                                 576,44     42                       404,08    BASIC EARNINGS PER SHARE




Lihat catatan atas laporan keuangan konsolidasian yang merupakan                         See accompanying notes to consolidated financial statements
bagian yang tidak terpisahkan dari laporan keuangan konsolidasian.                       which are an integral part of the consolidated financial statements.



                                                                              -3-
Page 252
PT DUTA PERTIWI Tbk DAN ENTITAS ANAK                                                                                                                                                                                                                                  PT DUTA PERTIWI Tbk AND ITS SUBSIDIARIES
Laporan Perubahan Ekuitas Konsolidasian                                                                                                                                                                                                                               Consolidated Statements of Changes in Equity
Untuk Tahun-tahun yang Berakhir 31 Desember 2023 dan 2022                                                                                                                                                                                                          For the Years Ended December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah, kecuali Dinyatakan Lain)                                                                                                                                                                                            (Figures are Presented in Rupiah, unless Otherwise Stated)


                                                                                Ekuitas yang dapat Diatribusikan kepada Pemilik Entitas Induk/Equity Attributable to Owners of the Parent Company

                                                                                                                      Selisih Nilai
                                                                                                                   Transaksi dengan
                                                                      Modal Saham                                     Kepentingan
                                                                      Ditempatkan                                   Nonpengendali/
                                                                      dan Disetor/           Tambahan             Difference in Value            Saldo Laba/Retained Earnings                                        Kepentingan
                                                                       Issued and          Modal Disetor/             Arising from            Ditentukan         Belum Ditentukan                                   Nonpengendali/
                                                           Catatan/      Paid-up             Additional            Transaction with         Penggunaannya/        Penggunaannya/           Jumlah Ekuitas/          Non-controlling          Jumlah Ekuitas/
                                                            Notes     Capital Stock        Paid-in Capital       Non-controlling Interest    Appropriated         Unappropriated             Total Equity             Interests                Total Equity

Saldo pada tanggal 1 Januari 2022                                     925.000.000.000       465.081.634.211              20.695.147.947       23.589.383.000       7.726.266.573.848        9.160.632.739.006       1.800.856.587.960        10.961.489.326.966        Balance as of January 1, 2022

Penghasilan komprehensif                                                                                                                                                                                                                                               Comprehensive income

  Laba tahun berjalan                                                                 -                      -                         -                   -         747.550.086.833          747.550.086.833          99.147.157.669           846.697.244.502            Profit for the year

Penghasilan komprehensif lain                                                                                                                                                                                                                                          Other comprehensive income

  Pengukuran kembali liabilitas imbalan pasti                 37                      -                      -                         -                   -           1.508.086.117            1.508.086.117               2.905.623              1.510.991.740           Remeasurement of defined benefits liability

Jumlah penghasilan komprehensif                                                       -                      -                         -                   -         749.058.172.950          749.058.172.950          99.150.063.292           848.208.236.242        Total comprehensive income

Pembentukan cadangan wajib                                    31                      -                      -                         -       2.000.000.000          (2.000.000.000)                          -                      -                          -     Appropriation of retained earnings

Transaksi dengan pemilik                                                                                                                                                                                                                                               Transactions with owners

  Selisih nilai transaksi dengan kepentingan                                                                                                                                                                                                                               Difference in value arising from transaction
     nonpengendali                                            30                      -                      -              (716.044.716)                  -                        -               (716.044.716)        716.044.716                             -             with non-controlling interest

  Dividen                                                   32,33                     -                      -                         -                   -        (703.000.000.000)        (703.000.000.000)       (180.457.207.820)         (883.457.207.820)           Dividends

Jumlah transaksi dengan pemilik                                                       -                      -              (716.044.716)                  -        (703.000.000.000)        (703.716.044.716)       (179.741.163.104)         (883.457.207.820)       Total transactions with owners

Saldo pada tanggal 31 Desember 2022                                   925.000.000.000       465.081.634.211              19.979.103.231       25.589.383.000       7.770.324.746.798        9.205.974.867.240       1.720.265.488.148        10.926.240.355.388        Balance as of December 31, 2022

Penghasilan komprehensif                                                                                                                                                                                                                                               Comprehensive income

  Laba tahun berjalan                                                                 -                      -                         -                   -       1.066.420.859.165        1.066.420.859.165        218.840.525.692          1.285.261.384.857            Profit for the year

Rugi komprehensif lain                                                                                                                                                                                                                                                 Other comprehensive loss

  Pengukuran kembali liabilitas imbalan pasti                 37                      -                      -                         -                   -          (2.098.370.472)           (2.098.370.472)          (294.504.928)            (2.392.875.400)          Remeasurement of defined benefits liability

Jumlah penghasilan komprehensif                                                       -                      -                         -                   -       1.064.322.488.693        1.064.322.488.693        218.546.020.764          1.282.868.509.457        Total comprehensive income

Pembentukan cadangan wajib                                    31                      -                      -                         -       2.000.000.000          (2.000.000.000)                          -                      -                          -     Appropriation of retained earnings

Transaksi dengan pemilik                                                                                                                                                                                                                                               Transactions with owners

  Penambahan modal disetor entitas anak                                                                                                                                                                                                                                    Issuance of subsidiaries' shares to
     oleh kepentingan nonpengendali                          33                       -                      -                         -                   -                        -                          -       15.654.000.000            15.654.000.000                non-controlling interests

  Penurunan modal disetor entitas anak                                                                                                                                                                                                                                     Decrease in paid-up capital of subsidiary
     oleh kepentingan nonpengendali                           33                      -                      -                         -                   -                        -                          -     (515.808.825.575)         (515.808.825.575)             by non-controlling interest

  Selisih nilai transaksi dengan kepentingan                                                                                                                                                                                                                               Difference in value arising from transaction
     nonpengendali                                            30                      -                      -                (1.165.202)                  -                        -                 (1.165.202)           1.165.202                            -             with non-controlling interest

  Dividen                                                     32                      -                      -                         -                   -                        -                          -     (248.066.832.710)         (248.066.832.710)           Dividends

Jumlah transaksi dengan pemilik                                                       -                      -                (1.165.202)                  -                        -                 (1.165.202)    (748.220.493.083)         (748.221.658.285)       Total transactions with owners

Saldo pada tanggal 31 Desember 2023                                   925.000.000.000       465.081.634.211              19.977.938.029       27.589.383.000       8.832.647.235.491       10.270.296.190.731       1.190.591.015.829        11.460.887.206.560        Balance as of December 31, 2023




Lihat catatan atas laporan keuangan konsolidasian yang merupakan                                                                                                                                                                          See accompanying notes to consolidated financial statements
bagian yang tidak terpisahkan dari laporan keuangan konsolidasian.                                                                                                                                                                        which are an integral part of the consolidated financial statements.




                                                                                                                                                     -4-
Page 253
PT DUTA PERTIWI Tbk DAN ENTITAS ANAK                                                                             PT DUTA PERTIWI Tbk AND ITS SUBSIDIARIES
Laporan Arus Kas Konsolidasian                                                                                          Consolidated Statements of Cash Flows
Untuk Tahun-tahun yang Berakhir 31 Desember 2023 dan 2022                                                      For the Years Ended December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah, kecuali Dinyatakan Lain)                                        (Figures are Presented in Rupiah, unless Otherwise Stated)



                                                                        2023                  2022

ARUS KAS DARI AKTIVITAS OPERASI                                                                               CASH FLOWS FROM OPERATING ACTIVITIES
Penerimaan kas dari konsumen                                    3.221.559.209.338       3.584.292.604.594     Cash receipts from customers
Pembayaran kas untuk:                                                                                         Cash payments for:
   Kontraktor                                                  (1.090.897.799.438)      (1.091.334.312.508)      Contractors
   Beban umum dan administrasi dan lain-lain                     (812.565.984.344)        (405.100.920.267)      General and administrative and other expenses
   Beban penjualan                                               (548.652.288.871)        (467.708.095.387)      Selling expenses
   Gaji                                                          (255.678.475.769)        (234.450.801.658)      Salaries
Kas bersih dihasilkan dari operasi                                513.764.660.916        1.385.698.474.774    Net cash generated from operations
Pembelian tanah                                                  (236.125.644.890)        (122.018.817.635)   Acquisitions of land
Pembayaran pajak final                                            (97.602.485.293)        (105.685.197.135)   Final tax paid
Pembayaran pajak penghasilan                                       (1.267.473.293)          (1.258.845.493)   Income tax paid

Kas Bersih Diperoleh dari Aktivitas Operasi                          178.769.057.440    1.156.735.614.511     Net Cash Provided by Operating Activities

ARUS KAS DARI AKTIVITAS INVESTASI                                                                             CASH FLOWS FROM INVESTING ACTIVITIES
Penerimaan bunga                                                     134.424.657.911       93.296.279.886     Interest received
Pencairan investasi jangka pendek                                     34.468.728.904       79.311.125.038     Withdrawal of short-term investments
Penerimaan dividen                                                    10.200.000.000       12.750.000.000     Dividends received
Hasil penjualan aset tetap                                             1.209.036.036          204.434.234     Proceeds from sale of property and equipment
Pembayaran liabilitas atas perolehan                                                                          Payment for liabilities arising from
   aset tetap                                                        (182.500.320)           (265.680.000)        acquisition of property and equipment
Perolehan aset tetap                                              (14.396.626.125)        (20.172.426.161)    Acquisitions of property and equipment
Perolehan properti investasi                                     (108.148.865.518)         (1.498.400.000)    Acquisitions of investment properties
Penempatan investasi dalam saham                                 (146.419.000.000)       (147.200.000.000)    Placement in investment in shares

Kas Bersih Diperoleh dari (Digunakan untuk)
   Aktivitas Investasi                                               (88.844.569.112)      16.425.332.997     Net Cash Provided by (Used in) Investing Activities

ARUS KAS DARI AKTIVITAS PENDANAAN                                                                             CASH FLOWS FROM FINANCING ACTIVITIES
Penerimaan atas peningkatan modal saham
   entitas anak yang menjadi bagian                                                                           Proceeds from issuance of shares of
   kepentingan nonpengendali                                          15.654.000.000                     -       subsidiaries to non-controlling interest
Pembayaran liabilitas sewa                                            (2.362.580.000)       (2.768.970.000)   Payments of lease liabilities
Pembayaran dividen oleh entitas anak
   yang menjadi bagian kepentingan                                                                            Payment of dividends to non-controlling interest
   nonpengendali                                                 (209.218.240.460)       (180.457.207.820)       by a subsidiary
Pembayaran atas penurunan modal saham
   entitas anak yang menjadi bagian                                                                           Payment in relation to reduction in paid-up capital
   kepentingan nonpengendali                                     (515.808.825.575)                      -         of subsidiaries to non-controlling interest
Penerimaan utang bank jangka panjang                                            -          47.753.973.890     Proceeds from long-term bank loans
Pembayaran bunga                                                                -          (5.084.955.142)    Interest paid
Pembayaran utang bank jangka panjang                                            -        (208.909.000.000)    Payments of long-term bank loan
Pembayaran dividen                                                              -        (702.649.256.200)    Dividends paid

Kas Bersih Digunakan untuk Aktivitas Pendanaan                   (711.735.646.035)      (1.052.115.415.272)   Net Cash Used in Financing Activities

KENAIKAN (PENURUNAN) BERSIH KAS DAN                                                                           NET INCREASE (DECREASE) IN CASH AND
  SETARA KAS                                                     (621.811.157.707)        121.045.532.236       CASH EQUIVALENTS

                                                                                                              CASH AND CASH EQUIVALENTS AT THE
KAS DAN SETARA KAS AWAL TAHUN                                   3.497.490.464.122       3.375.031.454.437        BEGINNING OF THE YEAR
Pengaruh perubahan kurs mata uang asing                               (43.004.676)          1.413.477.449     Effect of foreign exchange rate changes

                                                                                                              CASH AND CASH EQUIVALENTS AT THE END
KAS DAN SETARA KAS AKHIR TAHUN                                  2.875.636.301.739       3.497.490.464.122       OF THE YEAR




Lihat catatan atas laporan keuangan konsolidasian yang merupakan                                See accompanying notes to consolidated financial statements
bagian yang tidak terpisahkan dari laporan keuangan konsolidasian.                              which are an integral part of the consolidated financial statements.



                                                                                 -5-
Page 254
PT DUTA PERTIWI Tbk DAN ENTITAS ANAK                          PT DUTA PERTIWI Tbk AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                      Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                         For the Years Ended
31 Desember 2023 dan 2022                                                       December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                       (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                           unless Otherwise Stated)


1.   Umum                                                    1.   General

     a.   Pendirian dan Informasi Umum                            a.   Establishment and General Information

          PT Duta Pertiwi Tbk (“Perusahaan” atau                       PT Duta Pertiwi Tbk (“the Company” or
          “Entitas Induk”) didirikan dengan Akta                       “the Parent Company”) was established
          No. 237 tanggal 29 Desember 1972 dari                        based on Notarial Deed No. 237 dated
          Mohamad Said Tadjoedin, S.H., notaris di                     December 29, 1972 of Mohamad Said
          Jakarta. Anggaran Dasar Perusahaan                           Tadjoedin, S.H., a public notary in Jakarta.
          tersebut telah disahkan oleh Menteri                         The Deed of Establishment was approved
          Kehakiman Republik Indonesia melalui                         by the Minister of Justice of the Republic
          Surat Keputusan No. Y.A.5/116/20 tanggal                     of Indonesia in his Decision Letter
          4 Mei 1973 dan telah diumumkan dalam                         No. Y.A.5/116/20 dated May 4, 1973, and
          Berita Negara Republik Indonesia No. 94                      was published in the State Gazette
          Tambahan No. 1441 tanggal 25 November                        of the Republic of Indonesia No. 94
          1986. Anggaran Dasar Perusahaan telah                        dated November 25, 1986, Supplement
          mengalami beberapa kali perubahan,                           No. 1441. The Company’s Articles of
          terakhir    dengan      Akta    No.     1                    Association have been amended several
          tanggal 1 Juli 2022 dari Syarifudin, S.H.,                   times, most recently by Notarial Deed
          notaris di Kota Tangerang, mengenai                          No. 1 dated July 1, 2022 of Syarifudin,
          penyesuaian Pasal 3 Anggaran Dasar                           S.H., a public notary in Kota Tangerang,
          Perusahaan terhadap Klasifikasi Baku                         concerning the adjustment of Article 3 of
          Lapangan Usaha Indonesia. Perubahan ini                      the Company’s Articles of Association to
          telah disetujui oleh Menteri Hukum dan                       Indonesian        Standard         Industrial
          Hak      Asasi      Manusia      Republik                    Classification of All Economic Activities.
          Indonesia melalui Surat Keputusannya                         This change was approved by the Minister
          No. AHU-0045588.AH.01.02.Tahun 2022                          of Law and Human Rights of the Republic
          tanggal 4 Juli 2022. Sampai dengan                           of Indonesia through his Decision Letter
          tanggal penyelesaian laporan keuangan                        No. AHU-0045588.AH.01.02.Year 2022
          konsolidasian, pengumuman dalam Berita                       dated July 4, 2022. As of the date of the
          Negara Republik Indonesia masih dalam                        completion of the consolidated financial
          proses.                                                      statements, the publication in the State
                                                                       Gazette of the Republic of Indonesia is still
                                                                       in process.

          Perusahaan dan entitas anak (selanjutnya                     The Company and its subsidiaries (herein
          disebut Grup) didirikan dan menjalankan                      after referred to as “the Group”) are
          usahanya di Indonesia.                                       incorporated and conduct their operations
                                                                       in Indonesia.

          Perusahaan berkedudukan di Jakarta Utara                     The Company is domiciled in North
          dengan proyek real estatnya meliputi pusat                   Jakarta and its real estate projects,
          perbelanjaan ITC Mangga Dua, Ruko Textil                     namely, ITC Mangga Dua Shopping
          Mangga Dua, Dusit Arkade Belanja                             Center, Ruko Textil Mangga Dua, Dusit
          Mangga Dua, Mangga Dua Mall, Mangga                          Arkade Belanja Mangga Dua, Mangga
          Dua Court Apartment, Wisma Eka Jiwa,                         Dua Mall, Mangga Dua Court Apartment,
          Jembatan Niaga I, II dan III, perumahan                      Wisma Eka Jiwa, Niaga I, II and III bridge,
          Taman Duta Mas, Mega ITC Cempaka                             Taman Duta Mas housing complex, Mega
          Mas, Pusat Niaga Duta Mas Fatmawati,                         ITC Cempaka Mas, Pusat Niaga Duta Mas
          Ruko Roxy Mas, ITC Fatmawati, Harcomas                       Fatmawati, Ruko Roxy Mas, ITC
          Mangga Dua, Jembatan Harcomas Mangga                         Fatmawati, Harcomas Mangga Dua,
          Dua dan Terowongan Harcomas Mangga                           Harcomas Mangga Dua bridge and
          Dua, ITC Roxy Mas dan Apartemen, dan                         Harcomas Mangga Dua underground
          Roxy II, yang seluruhnya berlokasi di                        channel, ITC Roxy Mas and apartment,
          Jakarta dan pusat perbelanjaan Mangga                        and Roxy II are located in Jakarta, while
          Dua Center di Surabaya. Kantor pusat                         the Mangga Dua Center Shopping Center
          Perusahaan beralamat di Gedung ITC                           is located in Surabaya. The Company’s
          Mangga Dua Lt. 8, Jalan Mangga Dua                           head office is located at ITC Mangga Dua
          Raya, Jakarta.                                               building, 8th Floor, Jalan Mangga Dua
                                                                       Raya, Jakarta.




                                                       -6-
Page 255
PT DUTA PERTIWI Tbk DAN ENTITAS ANAK                          PT DUTA PERTIWI Tbk AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                      Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                         For the Years Ended
31 Desember 2023 dan 2022                                                       December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                       (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                           unless Otherwise Stated)


         Sesuai dengan Pasal 3 Anggaran Dasar,                        In accordance with Article 3 of the
         ruang lingkup kegiatan Perusahaan meliputi                   Company’s Articles of Association, the
         industri barang, pengelolaan air, konstruksi                 scope of its activities is to engage in
         gedung, jalan dan jaringan, penyiapan                        commodity industry, water treatment,
         lahan, instalasi sistem kelistrikan dan                      building, road and network construction,
         saluran, perdagangan besar, aktivitas                        land preparation, installation of electrical
         penunjang angkutan darat, restoran, real                     systems and channels, wholesale trade,
         estat yang dimiliki sendiri atau disewa,                     land transportation support activities,
         kawasan industri, aktivitas konsultasi serta                 restaurants, self-owned or leased real
         aktivitas operasional fasilitas olahraga dan                 estate, industrial estates, consulting
         taman bertema atau taman hiburan.                            activities and operational activities for
         Perusahaan mulai beroperasi komersial                        sports facilities and theme parks or
         pada tanggal 1 Oktober 1988 dalam bidang                     amusement parks. The Company started
         real    estat,  sebelumnya       Perusahaan                  commercial operations in real estate
         bergerak dalam bidang kontraktor.                            business on October 1, 1988. Prior to
                                                                      October 1988, the Company is engaged in
                                                                      construction business only.

         Grup termasuk dalam kelompok usaha                           The Group operates under the group of
         PT Bumi Serpong Damai Tbk.                                   PT Bumi Serpong Damai Tbk.

         Pemegang saham akhir Grup adalah                             The ultimate parent of the Group is
         Sinarmas Land Limited yang berkedudukan                      Sinarmas Land Limited, a limited liability
         di Singapura.                                                company incorporated in Singapore.

    b.   Penawaran Umum Efek Perusahaan                          b.   Public Offering of Shares and Bonds

         Penawaran Umum Saham                                         Shares Offering

         Pada tanggal 26 September 1994,                              On September 26, 1994, the Company
         Perusahaan        memperoleh        Surat                    obtained the Notice of Effectivity of Share
         Pemberitahuan Efektif atas Pernyataan                        Registration from the Chairman of the
         Pendaftaran Emisi Saham dari Ketua                           Capital Market Supervisory Agency
         Badan Pengawas Pasar Modal (Bapepam                          (Bapepam or the Capital Market and
         atau Badan Pengawas Pasar Modal dan                          Financial        Institution    Supervisory
         Lembaga Keuangan/Bapepam dan LK atau                         Agency/Bapepam-LK            or    currently
         sekarang Otoritas Jasa Keuangan/OJK)                         Financial Service Authority/OJK) in his
         No. S-1665/PM/1994 untuk melaksanakan                        letter No. S-1665/PM/1994 for its offering
         penawaran      umum     saham     kepada                     to the public of 25,000,000 shares with
         masyarakat sebanyak 25.000.000 saham                         Rp 1,000 par value per share at an
         dengan nilai nominal Rp 1.000 per saham,                     offering price of Rp 3,150 per share. On
         dan harga penawaran sebesar Rp 3.150                         November 2, 1994, these shares were
         per saham. Perusahaan mencatatkan                            listed in the Indonesia Stock Exchange.
         sahamnya pada Bursa Efek Indonesia pada
         tanggal 2 November 1994.

         Pada tanggal 24 Maret 1997, Perusahaan                       On March 24, 1997, the Company
         memperoleh     pernyataan    efektif  dari                   obtained the Notice of Effectivity from the
         Ketua Bapepam dan LK dengan surat                            Chairman of Bapepam-LK in his letter
         No. S-447/PM/1997 untuk melakukan                            No. S-447/PM/1997 for its limited public
         Penawaran Umum Terbatas Dengan Hak                           offering with preemptive rights of
         Memesan Efek Terlebih Dahulu sebesar                         693,750,000 shares through rights issue
         693.750.000     saham.     Saham-saham                       to stockholders. On April 15, 1997, all of
         tersebut dicatatkan pada Bursa Efek                          these shares were listed in the Indonesia
         Indonesia pada tanggal 15 April 1997.                        Stock Exchange.




                                                        -7-
Page 256
PT DUTA PERTIWI Tbk DAN ENTITAS ANAK                                                               PT DUTA PERTIWI Tbk AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                                           Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                                              For the Years Ended
31 Desember 2023 dan 2022                                                                                            December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                                                            (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                                                unless Otherwise Stated)


         Pada tanggal 5 Juni 2008, Perusahaan                                                                  On June 5, 2008, the Company obtained
         memperoleh pernyataan efektif dari Ketua                                                              the Notice of Effectivity from the Chairman
         Bapepam     dan    LK     dengan     surat                                                            of     Bapepam-LK         in    his    letter
         No. S-3547/BL/2008 untuk melakukan                                                                    No. S-3547/BL/2008 for its limited public
         Penawaran Umum Terbatas Dengan Hak                                                                    offering with preemptive rights of
         Memesan Efek Terlebih Dahulu sebesar                                                                  462,500,000 shares through rights issue
         462.500.000     saham.      Saham-saham                                                               to stockholders. On June 19, 2008, all of
         tersebut dicatatkan pada Bursa Efek                                                                   these shares were listed in the Indonesia
         Indonesia pada tanggal 19 Juni 2008.                                                                  Stock Exchange.

         Pada tanggal 31 Desember 2023 dan 2022,                                                               As of December 31, 2023 and 2022, all of
         seluruh saham Perusahaan atau sejumlah                                                                the Company’s outstanding shares of
         masing-masing 1.850.000.000 saham telah                                                               1,850,000,000 are listed in the Indonesia
         dicatatkan pada Bursa Efek Indonesia.                                                                 Stock Exchange.

    c.   Entitas Anak yang Dikonsolidasikan                                                               c.   Consolidated Subsidiaries

         Pada tanggal 31 Desember 2023 dan 2022,                                                               As of December 31, 2023 and 2022, the
         entitas  anak    yang    dikonsolidasikan                                                             subsidiaries which were consolidated,
         termasuk      persentase     kepemilikan                                                              including the respective percentages of
         Perusahaan adalah sebagai berikut:                                                                    ownership held by the Company, follows:
                                                                                               Tahun Operasi    Persentase Kepemilikan
                                                                                                 Komersial/         dan Hak Suara/
                                                                                                  Start of      Percentage of Ownership          Jumlah Aset (Sebelum Eliminasi)/
               Entitas Anak/          Lokasi/        Jenis Usaha/          Nama Proyek/         Commercial         and Voting Rights             Total Assets (Before Elimination)
              Subsidiary (PT)        Domicile     Nature of Business       Project Name         Operations      2023               2022            2023                    2022
                                                                                                                 %                   %
         Pemilikan Langsung/Direct Investments
         Putra Alvita Pratama (PAP) Bekasi       Perumahan/            Grand Wisata                1994             53,52             53,52   2.685.973.691.988     2.308.818.692.521
                                                 Real estate
         Duta Semesta Mas          Jakarta       Mixed use             South Gate                  2015            100,00            100,00   2.010.485.758.619     2.205.024.571.561

         Mitrakarya Multiguna      Surabaya      Pergudangan/                   -                  2016             82,00             82,00   1.469.138.999.369     1.465.975.150.622
                                                 Warehouse
         Itomas Kembangan          Jakarta       Apartemen/            Aerium                      2015             88,59             88,59   1.209.278.303.372     1.158.222.929.913
            Perdana                              Apartment
         Wijaya Pratama Raya       Semarang      Pusat perbelanjaan    DP Mall dan/and             2007             73,91             73,91    740.585.435.194        663.299.352.673
                                                 dan hotel/            Hotel Rooms Inc
                                                 Shopping center
                                                 and hotel
         Prima Sehati              Cibubur       Perumahan/            Kota Wisata                 1997            100,00            100,00    734.941.440.333      1.082.283.179.748
                                                 Real estate
         Mekanusa Cipta            Cibubur       Perumahan/            Kota Wisata                 1997            100,00            100,00    677.925.673.621        631.447.081.464
                                                 Real estate
         Royal Oriental            Jakarta       Perkantoran/          Sinarmas Land Plaza,        1997             74,11             74,11    656.952.329.527        837.538.106.644
                                                 Office space          Cashbac (d/h Dimo
                                                                       Space) dan/and
                                                                       Sopo Del Tower
         Kurniasubur Permai        Cibubur       Perumahan/            Kota Wisata                 2021            100,00            100,00    540.738.040.690        360.283.993.087
                                                 Real estate
         Kembangan Permai          Jakarta       Perumahan/            Taman Permata Buana         2005             80,00             80,00    417.215.698.999        398.883.320.359
           Development                           Real estate
         Sinarwijaya Ekapratista   Tangerang     Perumahan/            Banjar Wijaya               1991            100,00            100,00    257.205.581.220        387.261.152.163
                                                 Real estate
         Anekagriya Buminusa       Cibubur       Perumahan/            Kota Wisata                 1997            100,00            100,00    218.242.462.202        215.827.258.448
                                                 Real estate
         Phinisindo Zamrud         Depok         Pusat perbelanjaan/   ITC Depok                   2004             77,48             77,48    201.853.906.376        192.070.120.732
           Nusantara                             Shopping center
         Sinarwisata Permai        Balikpapan    Hotel/Hotel           Hotel Le Grandeur           1994            100,00            100,00    159.308.023.819        141.701.348.574
                                                                         Balikpapan
         Misaya Properindo         Cibubur       Perumahan/            Legenda Wisata              1999            100,00            100,00    142.781.187.862        273.791.129.167
                                                 Real estate
         Perwita Margasakti        Jakarta       Apartemen dan pusat   Superblok Ambasador         1995            100,00            100,00    127.936.708.583        115.037.360.502
                                                 perbelanjaan/           Kuningan dan/and
                                                 Apartment and           ITC Kuningan
                                                 shopping center
         Prestasi Mahkota Utama    Bekasi                -                      -                    *             100,00            100,00    121.230.729.971        122.245.255.958

         Putra Prabukarya          Cibubur       Perumahan/            Kota Wisata                 1997            100,00            100,00    105.368.975.007          78.350.900.345
                                                 Real estate
         Mustika Karya Sejati      Jakarta       Perumahan/            Taman Permata Buana         1994            100,00            100,00     95.459.870.500        100.892.335.804
                                                 Real estate
         Saranapapan Ekasejati     Cipanas       Perumahan/            Kota Bunga                  1994            100,00            100,00     55.651.457.659          56.895.740.546
                                                 Real estate
         Kanaka Grahaasri          Cibubur       Perumahan/            Kota Wisata                 1997            100,00            100,00     13.390.244.777          30.287.344.094
                                                 Real estate
         Sinarwisata Lestari       Jakarta       Hotel/Hotel           Hotel Le Grandeur           1996            100,00            100,00      7.017.635.346           4.273.117.015
                                                                          Mangga Dua
         Pangeran Plaza Utama      Cipanas       Perumahan/            Kota Bunga                  1994            100,00            100,00      3.801.662.220           4.136.008.465
                                                 Real estate
         Duta Karya Propertindo    Jakarta               -                      -                    *             100,00            100,00         40.168.677              65.442.677




                                                                                         -8-
Page 257
PT DUTA PERTIWI Tbk DAN ENTITAS ANAK                                                            PT DUTA PERTIWI Tbk AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                                        Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                                           For the Years Ended
31 Desember 2023 dan 2022                                                                                         December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                                                         (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                                             unless Otherwise Stated)

                                                                                          Tahun Operasi     Persentase Kepemilikan
                                                                                            Komersial/          dan Hak Suara/
                                                                                             Start of      Percentage of Ownership         Jumlah Aset (Sebelum Eliminasi)/
              Entitas Anak/          Lokasi/        Jenis Usaha/         Nama Proyek/      Commercial          and Voting Rights           Total Assets (Before Elimination)
             Subsidiary (PT)        Domicile     Nature of Business      Project Name      Operations      2023                2022          2023                    2022
                                                                                                             %                   %
        Entitas anak PAP/Subsidiary of PAP
        Putra Tirta Wisata         Bekasi      Arena rekreasi/        Go Wet                  2015             53,52              53,52   54.101.910.793          60.200.757.593
                                               Recreation arena
        Panca Lambang Cipta        Bekasi                -                     -                *              53,52              53,52       60.000.000              60.000.000


        *   Belum beroperasi komersial/No commercial operation




        Informasi keuangan entitas anak yang                                                              Financial information of subsidiaries
        dimiliki oleh kepentingan nonpengendali                                                           that have material non-controlling interests
        dalam jumlah material pada tanggal dan                                                            as of and for the years ended
        untuk     tahun-tahun   yang   berakhir                                                           December 31, 2023 and 2022 follows:
        31 Desember 2023 dan 2022 adalah
        sebagai berikut:

                                                                                     2023
                                                                  Kepentingan Nonpengendali yang Material/
                                                                      Material Non-controlling Interest
                                                                           Bagian Kepentingan
                             Nama Entitas Anak/                               Kepemilikan/           Saldo Akumulasi/ Bagian Laba (Rugi)/
                             Name of Subsidiary                            Equity Interest Held Accumulated Balances Share in Profit (Loss)
                                                                                    %

        PT Putra Alvita Pratama (PAP)                                                   46,48                     525.999.203.104                  168.653.322.212
        PT Mitrakarya Multiguna (MKM)                                                   18,00                     254.434.357.205                   (1.851.658.709)
        PT Wijaya Pratama Raya (WPR)                                                    26,09                     182.987.285.120                    4.286.393.392
        PT Royal Oriental (RO)                                                          25,89                     103.049.986.710                   40.402.221.709
        PT Kembangan Permai
          Development (KPD)                                                             20,00                       83.018.141.738                     4.942.221.468
        PT Phinisindo Zamrud
          Nusantara (PZN)                                                               22,52                       41.023.125.049                     2.412.432.749



                                                                                     2022
                                                                  Kepentingan Nonpengendali yang Material/
                                                                      Material Non-controlling Interest
                                                                           Bagian Kepentingan
                             Nama Entitas Anak/                               Kepemilikan/           Saldo Akumulasi/ Bagian Laba (Rugi)/
                             Name of Subsidiary                            Equity Interest Held Accumulated Balances Share in Profit (Loss)
                                                                                    %

        PAP                                                                             46,48                    514.869.300.492                    63.337.722.347
        MKM                                                                             18,00                    256.288.215.172                    (1.363.598.796)
        WPR                                                                             26,09                    163.059.860.742                     2.483.286.570
        RO                                                                              25,89                    153.413.269.995                    38.529.325.266
        KPD                                                                             20,00                     78.079.838.218                    (4.717.809.402)
        PZN                                                                             22,52                     38.662.852.391                       903.459.082


        Berikut    adalah     ringkasan    informasi                                                      The summarized financial information of
        keuangan dari entitas anak. Jumlah-jumlah                                                         these subsidiaries is provided below. This
        tersebut sebelum dieliminasi dengan                                                               information is based on amounts before
        transaksi antar entitas dalam Grup.                                                               inter-company eliminations.




                                                                                    -9-
Page 258
PT DUTA PERTIWI Tbk DAN ENTITAS ANAK                                                                            PT DUTA PERTIWI Tbk AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                                                        Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                                                           For the Years Ended
31 Desember 2023 dan 2022                                                                                                         December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                                                                         (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                                                             unless Otherwise Stated)


         Ringkasan laporan posisi keuangan pada                                                                                         Summarized statements of financial
         tanggal 31 Desember 2023 dan 2022:                                                                                             position as of December 31, 2023 and
                                                                                                                                        2022:
                                                                                                                2023
                                               PAP                        MKM                       WPR                            RO                    KPD                        PZN

         Aset lancar                   1.673.889.853.670                38.575.636.575          64.637.500.362              232.301.201.017          55.734.763.600            124.442.249.293          Current assets
         Aset tidak lancar             1.012.083.838.318             1.430.563.362.794         675.947.934.832              424.651.128.510         361.480.935.399             77.411.657.083          Noncurrent assets
         Jumlah Aset                   2.685.973.691.988             1.469.138.999.369         740.585.435.194              656.952.329.527         417.215.698.999            201.853.906.376          Total Assets

         Liabilitas jangka pendek      1.241.831.643.730               55.388.115.379            19.645.503.389             247.996.271.696           1.696.426.816              8.973.351.470          Current liabilities
         Liabilitas jangka panjang       312.218.447.349                  226.679.209            19.549.931.822              10.925.981.698             428.563.435             10.692.641.151          Noncurrent liabilities
         Jumlah Liabilitas             1.554.050.091.079               55.614.794.588            39.195.435.211             258.922.253.394           2.124.990.251             19.665.992.621          Total Liabilities
         Jumlah Ekuitas                1.131.923.600.909             1.413.524.204.781         701.389.999.983              398.030.076.133         415.090.708.748            182.187.913.755          Total Equity

                                                                                                                2022
                                               PAP                        MKM                        WPR                           RO                    KPD                         PZN

         Aset lancar                   1.392.703.758.366                38.468.283.180           63.886.981.524              387.631.745.889         58.645.223.651             114.247.660.479          Current assets
         Aset tidak lancar               916.114.934.155             1.427.506.867.442          599.412.371.149              449.906.360.755        340.238.096.708              77.822.460.253          Noncurrent assets
         Jumlah Aset                   2.308.818.692.521             1.465.975.150.622          663.299.352.673              837.538.106.644        398.883.320.359             192.070.120.732          Total Assets

         Liabilitas jangka pendek          681.181.543.220              41.963.483.021           15.144.075.432              234.342.724.008           2.223.312.784             10.292.369.864          Current liabilities
         Liabilitas jangka panjang         519.678.707.349                 188.251.889           23.141.022.395               10.637.367.975           6.260.816.437             10.072.050.519          Noncurrent liabilities
         Jumlah Liabilitas             1.200.860.250.569                42.151.734.910           38.285.097.827              244.980.091.983           8.484.129.221             20.364.420.383          Total Liabilities

         Jumlah Ekuitas                1.107.958.441.952             1.423.823.415.712          625.014.254.846              592.558.014.661        390.399.191.138             171.705.700.349          Total Equity




         Ringkasan laporan laba                                        rugi dan                                                     Summarized statements of profit or loss
         penghasilan komprehensif                                     lain pada                                                     and other comprehensive income for 2023
         tahun 2023 dan 2022:                                                                                                       and 2022:
                                                                                                                     2023
                                                      PAP                     MKM                      WPR                            RO                    KPD                        PZN

         Pendapatan                           1.038.807.652.773                          -        117.588.489.089             274.656.215.459           2.977.465.785             8.917.530.712           Revenues
         Laba (rugi) sebelum pajak              363.086.986.030          (10.286.992.828)          16.429.921.565             156.324.467.205          24.736.636.692            11.460.670.671           Profit (loss) before tax
         Penghasilan (rugi)                                                                                                                                                                               Other comprehensive
           komprehensif lain                         (222.254.023)            (12.218.103)            (54.176.428)                 (458.824.813)            (19.589.732)           (231.648.328)             income (loss)
         Jumlah penghasilan (rugi)                                                                                                                                                                        Total comprehensive
            komprehensif                        362.619.646.507          (10.299.210.931)          16.375.745.137             155.594.561.472          24.691.517.610            10.482.213.406              income (loss)
         Teratribusikan pada kepentingan                                                                                                                                                                  Attributable to non-
            nonpengendali                       168.550.020.072           (1.853.857.967)           4.272.259.176               40.283.431.965          4.938.303.520             2.360.272.658               controlling interest
         Dividen yang dibayarkan pada                                                                                                                                                                     Dividends paid to non-
            kepentingan nonpengendali           157.420.117.460                          -                            -         90.646.715.250                           -                        -           controlling interest


                                                                                                                    2022
                                                     PAP                   MKM                      WPR                          RO                     KPD                       PZN

         Pendapatan                           588.547.894.682                        -        103.249.860.080              266.631.412.776           2.241.661.758            5.345.777.496           Revenues
         Laba (rugi) sebelum pajak            136.441.783.464          (7.575.548.864)           9.518.525.885             149.060.851.676         (25.563.075.899)           4.285.696.818           Profit (loss) before tax
         Penghasilan (rugi)                                                                                                                                                                           Other comprehensive
           komprehensif lain                     (130.971.997)               1.713.666             (13.492.016)                260.777.492              66.537.284               (61.419.890)            income (loss)
         Jumlah penghasilan (rugi)                                                                                                                                                                    Total comprehensive
           komprehensif                       136.083.521.327          (7.573.835.198)           9.505.033.869             149.080.110.308         (23.522.509.725)            3.950.934.729             income (loss)
         Teratribusikan pada kepentingan                                                                                                                                                              Attributable to non-
            nonpengendali                      63.251.619.165          (1.363.290.336)           2.479.766.640              38.596.840.559          (4.704.501.945)             889.629.208               controlling interest
         Dividen yang dibayarkan pada                                                                                                                                                                 Dividends paid to non-
            kepentingan nonpengendali         180.457.207.820                        -                          -                            -                       -                        -           controlling interest




         Ringkasan informasi arus kas pada tahun                                                                                    Summarized cash flow information for
         2023 dan 2022:                                                                                                             2023 and 2022:
                                                                                                            2023
                                              PAP                      MKM                      WPR                           RO                      KPD                        PZN

         Operasi                        427.410.656.476         (10.915.122.197)              39.389.843.346           190.676.602.678             (2.413.969.063)           10.774.182.332           Operating
         Investasi                      (46.400.834.661)              6.211.835              (65.360.353.901)            3.821.613.952                902.848.355               477.930.507           Investing
         Pendanaan                     (338.654.487.550)         10.815.000.000               15.654.000.000          (200.586.780.000)                         -                         -           Financing
                                                                                                                                                                                                      Net increase (decrease)
         Kenaikan (penurunan)                                                                                                                                                                            in cash and cash
           bersih kas dan setara kas       42.355.334.265             (93.910.362)           (10.316.510.555)              (6.088.563.370)         (1.511.120.708)           11.252.112.839              equivalents




                                                                                                - 10 -
Page 259
PT DUTA PERTIWI Tbk DAN ENTITAS ANAK                                                                 PT DUTA PERTIWI Tbk AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                                             Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                                                For the Years Ended
31 Desember 2023 dan 2022                                                                                              December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                                                              (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                                                  unless Otherwise Stated)

                                                                                                    2022
                                                PAP                MKM               WPR                         RO                KPD               PZN

         Operasi                            696.373.695.991    (18.853.021.396)   36.941.747.812            187.288.020.641    (16.308.062.718)   6.102.159.994   Operating
         Investasi                         (118.228.616.980)         1.795.064    (2.241.775.909)           (49.166.974.369)     1.869.133.966      302.309.539   Investing
         Pendanaan                         (388.213.680.850)    18.326.000.000                 -           (100.622.570.000)   (76.500.000.000)               -   Financing
                                                                                                                                                                  Net increase (decrease)
         Kenaikan (penurunan) bersih kas                                                                                                                             in cash and cash
           dan setara kas                  189.931.398.161       (525.226.332)    34.699.971.903            37.498.476.272     (90.938.928.752)   6.404.469.533      equivalents




         Perubahan Persentase Kepemilikan                                                                             Changes in Ownership Interest

         PT Wijaya Pratama Raya (WPR)                                                                                 PT Wijaya Pratama Raya (WPR)

         Pada     tanggal   7    Desember    2023                                                                     On December 7, 2023, the Company
         Perusahaan dan PT Sinar Mas Griya,                                                                           and PT Sinar Mas Griya, approved
         menyetujui penambahan modal disetor                                                                          the    increase    in    paid-up   capital
         pada    WPR      masing-masing   sebesar                                                                     which was fully issued by WPR
         Rp 44.346.000.000 dan Rp 15.654.000.000                                                                      amounting to Rp 44,346,000,000 and
         atau   masing-masing     setara  dengan                                                                      Rp       15,654,000,000,      respectively,
         44.346.000    dan    15.654.000   saham.                                                                     consisting of 44,346,000 and 15,654,000
         Transaksi ini menurunkan persentase                                                                          shares, respectively. This transaction
         kepemilikan Perusahaan di WPR dari                                                                           decreased the ownership interest of the
         73,9110% menjadi 73,9108% (Catatan 30).                                                                      Company in WPR from 73.9110% to
                                                                                                                      73.9108% (Note 30).

         PT Itomas Kembangan Perdana (IKP)                                                                            PT Itomas Kembangan Perdana (IKP)

         Pada tanggal 21 Desember 2022,                                                                               On December 21, 2022, the Company and
         Perusahaan dan PT Kembangan Permai                                                                           PT Kembangan Permai Development, a
         Development, entitas anak, menyetujui                                                                        subsidiary, approved the increase in
         penambahan modal disetor pada IKP                                                                            paid-up capital which was fully issued by
         masing-masing sebesar Rp 73.500.000.000                                                                      IKP amounting to Rp 73,500,000,000
         dan Rp 76.500.000.000 atau masing-                                                                           and Rp 76,500,000,000, respectively,
         masing setara dengan 7.350 dan 7.650                                                                         consisting of 7,350 and 7,650 shares,
         saham.     Transaksi     ini  menaikkan                                                                      respectively. This transaction increased
         persentase kepemilikan Perusahaan di IKP                                                                     the ownership interest of the Company in
         dari 88,42% menjadi 88,59% (Catatan 30).                                                                     IKP from 88.42% to 88.59% (Note 30).

    d.   Dewan Komisaris, Direksi dan Karyawan                                                               d.       Board of Commissioners, Directors and
                                                                                                                      Employees

         Pada tanggal 31 Desember 2023 dan 2022,                                                                      As of December 31, 2023 and 2022,
         susunan Dewan Komisaris dan Direksi                                                                          based on the Statement of Meeting
         Perusahaan     berdasarkan      Pernyataan                                                                   Decision, as documented in Notarial Deed
         Keputusan        Rapat       sebagaimana                                                                     No. 18 dated June 14, 2022, of Syarifudin,
         didokumentasikan dalam Akta No. 18                                                                           S.H., a public notary in Tangerang, the
         tanggal 14 Juni 2022, dari Syarifudin, S.H.,                                                                 Company’s Board of Commissioners and
         notaris di Tangerang, adalah sebagai                                                                         Directors consist of the following:
         berikut:

         Dewan Komisaris                                                                                                                 Board of Commissioners
         Komisaris Utama                                               :     Muktar Widjaja                                       :      President Commissioner
         Wakil Komisaris Utama                                         :     Franciscus Xaverius                                  :      Vice President Commissioner
                                                                             Ridwan Darmali

         Komisaris Independen                                          :     Teddy Pawitra                                        :      Independent Commissioners
                                                                             Susiyati Bambang Hirawan

         Direksi                                                                                                                         Directors
         Direktur Utama                                                :     Teky Mailoa                                          :      President Director
         Wakil Direktur Utama                                          :     Lie Jani Harjanto                                    :      Vice President Director
         Direktur                                                      :     Hongky Jeffry Nantung                                :      Directors
                                                                             Handoko Wibowo



                                                                                    - 11 -
Page 260
PT DUTA PERTIWI Tbk DAN ENTITAS ANAK                             PT DUTA PERTIWI Tbk AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                         Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                            For the Years Ended
31 Desember 2023 dan 2022                                                          December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                          (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                              unless Otherwise Stated)


          Susunan Komite Audit Perusahaan pada                            The Composition of the Audit Committee
          tanggal 31 Desember 2023 dan 2022                               of the Company as of December 31, 2023
          berdasarkan Keputusan Dewan Komisaris,                          and 2022, based on the Decision of the
          adalah sebagai berikut:                                         Board of Commissioners follows:

          Ketua Komite Audit               :   Susiyati Bambang Hirawan            :   Head of Audit Committee
          Anggota Komite Audit             :   Rudiantara                          :   Members of Audit Committee
                                               Rusli Prakarsa

          Jumlah remunerasi yang diberikan kepada                         Total    remuneration  given   to    the
          Dewan Komisaris dan Direksi Perusahaan                          Company’s Board of Commissioners
          pada tahun 2023 dan 2022 masing-masing                          and Directors in 2023 and 2022
          adalah sebesar Rp 13.905.297.720 dan                            amounted      to    Rp   13,905,297,720
          Rp 10.010.764.672 (tidak diaudit).                              and Rp 10,010,764,672 (unaudited),
                                                                          respectively.

          Jumlah karyawan Perusahaan adalah 316                           The Company has 316 employees as of
          karyawan pada tanggal 31 Desember 2023                          December 31, 2023 (unaudited) and 324
          (tidak diaudit) dan 324 karyawan pada                           employees as of December 31, 2022
          tanggal 31 Desember 2022 (tidak diaudit).                       (unaudited). The Group has 1,247 and
          Sedangkan jumlah karyawan Grup adalah                           1,175 employees as of December 31,
          1.247 dan 1.175 masing-masing pada                              2023 (unaudited) and December 31, 2022
          tanggal 31 Desember 2023 (tidak diaudit)                        (unaudited), respectively.
          dan 31 Desember 2022 (tidak diaudit).

     e.   Penyelesaian      Laporan      Keuangan                    e.   Completion of Consolidated Financial
          Konsolidasian                                                   Statements

          Laporan      keuangan        konsolidasian                      The consolidated financial statements of
          PT Duta Pertiwi Tbk dan entitas anak untuk                      PT Duta Pertiwi Tbk and its subsidiaries
          yang berakhir 31 Desember 2023 telah                            for the year ended December 31, 2023
          diselesaikan dan diotorisasi untuk terbit                       were completed and authorized for
          oleh Direksi Perusahaan pada tanggal                            issuance on March 12, 2024 by the
          12 Maret 2024. Direksi Perusahaan                               Company’s Directors who are responsible
          bertanggung jawab atas penyusunan dan                           for the preparation and presentation of the
          penyajian laporan keuangan konsolidasian                        consolidated financial statements.
          tersebut.

2.   Informasi Kebijakan Akuntansi Material                     2.   Material Accounting Policy Information

     a.   Dasar Penyusunan dan Pengukuran                            a.   Basis   of  Consolidated   Financial
          Laporan Keuangan Konsolidasian                                  Statements     Preparation      and
                                                                          Measurement

          Laporan keuangan konsolidasian disusun                          The consolidated financial statements
          dan disajikan dengan menggunakan                                have been prepared and presented in
          Standar Akuntansi Keuangan di Indonesia,                        accordance with Indonesian Financial
          meliputi pernyataan dan interpretasi yang                       Accounting Standards “SAK”, which
          diterbitkan oleh Dewan Standar Akuntansi                        comprise        the     statements      and
          Keuangan Ikatan Akuntan Indonesia (IAI)                         interpretations issued by the Board of
          dan Dewan Standar Akuntansi Syariah IAI,                        Financial Accounting Standards of the
          dan Peraturan OJK No. VIII.G.7 tentang                          Institute    of     Indonesia    Chartered
          “Penyajian dan Pengungkapan Laporan                             Accountants (IAI) and the Board of Sharia
          Keuangan Emiten atau Perusahaan Publik”.                        Accounting Standards of IAI and OJK
                                                                          Regulation      No.    VIII.G.7   regarding
                                                                          “Presentation and Disclosures of Public
                                                                          Companies’ Financial Statements”. Such
                                                                          consolidated financial statements are an
                                                                          English translation of the Group’s statutory
                                                                          report in Indonesia.




                                                       - 12 -
Page 261
PT DUTA PERTIWI Tbk DAN ENTITAS ANAK                               PT DUTA PERTIWI Tbk AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                           Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                              For the Years Ended
31 Desember 2023 dan 2022                                                            December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                            (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                unless Otherwise Stated)


         Dasar pengukuran laporan keuangan                                 The measurement basis used is the
         konsolidasian ini adalah konsep biaya                             historical cost, except for certain accounts
         perolehan     (historical     cost),  kecuali                     which are measured on the bases
         beberapa      akun        tertentu   disusun                      described in the related accounting
         berdasarkan          pengukuran          lain,                    policies. The consolidated financial
         sebagaimana diuraikan dalam kebijakan                             statements, except for the consolidated
         akuntansi masing-masing akun tersebut.                            statements of cash flows, are prepared
         Laporan keuangan konsolidasian ini                                under the accrual basis of accounting.
         disusun dengan metode akrual, kecuali
         laporan arus kas konsolidasian.

         Laporan arus kas konsolidasian disusun                            The consolidated statements of cash flows
         dengan menggunakan metode langsung                                are prepared using the direct method with
         dengan mengelompokkan arus kas dalam                              classifications of cash flows into operating,
         aktivitas operasi, investasi dan pendanaan.                       investing, and financing activities.

         Kebijakan akuntansi yang diterapkan                               The accounting policies adopted in the
         dalam penyusunan laporan keuangan                                 preparation of the consolidated financial
         konsolidasian untuk tahun yang berakhir                           statements     for   the    year   ended
         31 Desember 2023 adalah konsisten                                 December 31, 2023 are consistent with
         dengan kebijakan yang diterapkan dalam                            those adopted in the preparation of the
         penyusunan        laporan     keuangan                            consolidated financial statements for the
         konsolidasian untuk tahun yang berakhir                           year ended December 31, 2022.
         31 Desember 2022.

         Mata uang yang digunakan dalam                                    The currency used in the preparation and
         penyusunan    dan     penyajian  laporan                          presentation of the consolidated financial
         keuangan konsolidasian adalah mata uang                           statements is the Indonesian Rupiah
         Rupiah (Rupiah) yang juga merupakan                               (Rupiah) which is also the functional
         mata uang fungsional Perusahaan.                                  currency of the Company.

    b.   Prinsip Konsolidasi                                          b.   Principles of Consolidation

         Laporan keuangan konsolidasian meliputi                           The consolidated financial statements
         laporan keuangan Perusahaan dan entitas-                          incorporate the financial statements of the
         entitas (termasuk entitas terstruktur) yang                       Company         and   entities   (including
         dikendalikan oleh Perusahaan dan entitas                          structured entities) controlled by the
         anak (Grup). Pengendalian diperoleh                               Company and its subsidiaries (the Group).
         apabila Grup memiliki seluruh hal berikut                         Control is achieved when the Group has
         ini:                                                              all the following:

         •    kekuasaan atas investee;                                     •    power over the investee;
         •    eksposur atau hak atas imbal hasil                           •    is exposed, or has rights, to variable
              variabel dari keterlibatannya dengan                              returns from its involvement with the
              investee; dan                                                     investee; and
         •    kemampuan untuk menggunakan                                  •    the ability to use its power to affect
              kekuasaannya atas investee untuk                                  its returns.
              mempengaruhi jumlah imbal hasil
              Grup.

         Pengkonsolidasian entitas anak dimulai                            Consolidation of a subsidiary begins when
         pada saat Grup memperoleh pengendalian                            the Group obtains control over the
         atas entitas anak dan berakhir pada saat                          subsidiary and ceases when the Group
         Grup kehilangan pengendalian atas entitas                         loses    control   of    the    subsidiary.
         anak. Secara khusus, penghasilan dan                              Specifically, income and expenses of a
         beban entitas anak yang diakuisisi atau                           subsidiary acquired or disposed of during
         dilepaskan selama tahun berjalan termasuk                         the year are included in the consolidated
         dalam laporan laba rugi dan penghasilan                           statement of profit or loss and other
         komprehensif lain konsolidasian sejak                             comprehensive income from the date the
         tanggal Grup memperoleh pengendalian                              Group gains control until the date when
         sampai dengan tanggal Grup kehilangan                             the Group ceases to control the
         pengendalian atas entitas anak.                                   subsidiary.


                                                          - 13 -
Page 262
PT DUTA PERTIWI Tbk DAN ENTITAS ANAK                               PT DUTA PERTIWI Tbk AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                           Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                              For the Years Ended
31 Desember 2023 dan 2022                                                            December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                            (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                unless Otherwise Stated)

         Seluruh aset dan liabilitas, ekuitas,                             All intragroup assets and liabilities, equity,
         penghasilan, beban dan arus kas dalam                             income, expenses and cash flows relating
         intra kelompok usaha terkait dengan                               to transactions between members of the
         transaksi antar entitas dalam Grup                                Group are eliminated in full on
         dieliminasi secara penuh dalam laporan                            consolidation.
         keuangan konsolidasian.

         Selisih penilaian kembali aset tetap dan                          The revaluation increment in value of
         properti investasi milik PT Sinarwisata                           property and equipment and investment
         Lestari dan PT Sinarwisata Permai, entitas-                       property of PT Sinarwisata Lestari and
         entitas anak, tidak diakui dalam laporan                          PT Sinarwisata Permai, subsidiaries, has
         keuangan konsolidasian agar konsisten                             been reversed in the consolidated
         dengan kebijakan akuntansi Grup yang                              financial statements to be consistent with
         mencatat aset tetap dan properti investasi                        the Group’s policy of carrying its property
         dengan menggunakan metode biaya.                                  and equipment and investment property
                                                                           using the cost model.

         Laba     rugi   dan     setiap  komponen                          Profit or loss and each component of other
         penghasilan komprehensif lain diatribusikan                       comprehensive income are attributed to
         kepada      pemilik     Perusahaan      dan                       the owners of the Company and to the
         kepentingan       nonpengendali      (KNP)                        non-controling interest (NCI) even if this
         meskipun hal tersebut mengakibatkan KNP                           results in the NCI having a deficit balance.
         memiliki saldo defisit.

         KNP disajikan dalam laporan laba rugi dan                         NCI are presented in the consolidated
         penghasilan        komprehensif        lain                       statement of profit or loss and other
         konsolidasian dan dalam ekuitas pada                              comprehensive income and under the
         laporan posisi keuangan konsolidasian,                            equity section of the consolidated
         terpisah    dari   bagian    yang    dapat                        statement     of     financial    position,
         diatribusikan kepada pemilik Perusahaan.                          respectively,    separately    from     the
                                                                           corresponding portion attributable to
                                                                           owners of the Company.

         Transaksi dengan KNP yang tidak                                   Transactions with NCI that do not result in
         mengakibatkan hilangnya pengendalian                              loss of control are accounted for as equity
         dicatat sebagai transaksi ekuitas. Selisih                        transactions. The difference between the
         antara nilai wajar imbalan yang dialihkan                         fair value of any consideration paid and
         dengan bagian relatif atas nilai tercatat aset                    the relevant share acquired of the carrying
         bersih entitas anak yang diakuisisi dicatat di                    value of net assets of the subsidiary is
         ekuitas. Keuntungan atau kerugian dari                            recorded in equity. Gains or losses on
         pelepasan kepada KNP juga dicatat di                              disposals to NCI are also recorded in
         ekuitas.                                                          equity.

    c.   Kombinasi Bisnis                                             c.   Accounting for Business Combination

         Entitas Tidak Sepengendali                                        Among Entities Not Under Common
                                                                           Control

         Kombinasi bisnis, kecuali kombinasi bisnis                        Business combinations, except business
         entitas sepengendali, dicatat dengan                              combination      among     entities  under
         menggunakan metode akuisisi. Biaya                                common control, are accounted for using
         perolehan dari sebuah akuisisi diukur pada                        the acquisition method. The cost of an
         nilai agregat imbalan yang dialihkan, diukur                      acquisition is measured as the aggregate
         pada nilai wajar pada tanggal akuisisi dan                        of the consideration transferred, measured
         jumlah setiap KNP pada pihak yang                                 at acquisition date fair value and the
         diakuisisi. Untuk setiap kombinasi bisnis,                        amount of any NCI in the acquiree. For
         pihak pengakuisisi mengukur KNP pada                              each business combination, the acquirer
         entitas yang diakuisisi pada nilai wajar atau                     measures the NCI in the acquiree either at
         sebesar proporsi kepemilikan KNP atas                             fair value or at the proportionate share of
         aset neto yang teridentifikasi dari entitas                       the acquiree’s identifiable net assets.
         yang diakuisisi. Biaya-biaya akuisisi yang                        Acquisition related costs incurred are
         timbul dibebankan langsung dan disajikan                          directly expensed and included in other
         sebagai beban lain-lain.                                          expenses.



                                                          - 14 -
Page 263
PT DUTA PERTIWI Tbk DAN ENTITAS ANAK                               PT DUTA PERTIWI Tbk AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                           Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                              For the Years Ended
31 Desember 2023 dan 2022                                                            December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                            (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                unless Otherwise Stated)


        Ketika melakukan akuisisi atas sebuah                             When the Group acquires a business, it
        bisnis, Grup mengklasifikasikan dan                               assesses the financial assets acquired
        menentukan aset keuangan yang diperoleh                           and liabilities assumed for appropriate
        dan liabilitas keuangan yang diambil alih                         classification     and     designation      in
        berdasarkan pada persyaratan kontraktual,                         accordance with the contractual terms,
        kondisi ekonomi dan kondisi terkait lain                          economic circumstances and pertinent
        yang      ada    pada      tanggal    akuisisi.                   conditions as of the acquisition date. The
        Grup memiliki opsi untuk menerapkan                               Group has an option to apply a ‘fair value
        ‘uji    konsentrasi    nilai   wajar’    yang                     concentration test’ that permits a simplified
        memungkinkan            penilaian        yang                     assessment of whether an acquired set of
        disederhanakan       apakah      serangkaian                      activities and assets is not a business.
        aktivitas dan aset yang diakuisisi adalah                         The concentration test can be applied on
        bukan sebuah bisnis. Uji konsentrasi dapat                        a transaction-by-transaction basis. The
        diterapkan berdasarkan transaksi per                              optional concentration test is met if
        transaksi.    Uji    konsentrasi      opsional                    substantially all of the fair value of the
        terpenuhi jika secara substansial seluruh                         gross assets acquired is concentrated in a
        nilai wajar aset bruto yang diperoleh                             single identifiable asset or group of similar
        terkonsentrasi pada satu aset identifikasian                      identifiable assets. If the test is met, the
        atau kelompok aset identifikasian sejenis.                        set of activities and assets is determined
        Jika     pengujian    terpenuhi,   rangkaian                      not to be a business and no further
        aktivitas dan aset ditentukan bukan sebuah                        assessment is needed. If the test is not
        bisnis dan tidak diperlukan penilaian lebih                       met, or if the Group elects not to apply
        lanjut. Jika pengujian tersebut tidak                             the test, a detailed assessment must
        terpenuhi, penilaian secara rinci harus                           be performed applying the normal
        dilakukan dengan menerapkan persyaratan                           requirements in PSAK No. 22.
        normal dalam PSAK No. 22.

        Dalam suatu kombinasi bisnis yang                                 If the business combination is achieved in
        dilakukan secara bertahap, pada tanggal                           stages, the acquisition date fair value of
        akuisisi pihak pengakuisisi mengukur                              the acquirer’s previously held equity
        kembali nilai wajar kepentingan ekuitas                           interest in the acquiree is remeasured to
        yang dimiliki sebelumnya pada pihak yang                          fair value at the acquisition date through
        diakuisisi dan mengakui keuntungan atau                           profit or loss.
        kerugian yang dihasilkan dalam laba rugi.

        Pada tanggal akuisisi, goodwill awalnya                           At acquisition date, goodwill is initially
        diukur pada harga perolehan yang                                  measured at cost being the excess of the
        merupakan selisih lebih nilai agregat dari                        aggregate of the consideration transferred
        imbalan yang dialihkan dan jumlah yang                            and the amount recognized for NCI over
        diakui untuk KNP atas aset bersih                                 the net identifiable assets acquired and
        teridentifikasi yang diperoleh dan liabilitas                     liabilities assumed. If this consideration is
        yang diambil alih. Jika nilai agregat tersebut                    lower than the fair value of the net assets
        lebih kecil dari nilai wajar aset neto entitas                    of the subsidiary acquired, the difference
        anak yang diakuisisi, selisih tersebut                            (gain on bargain purchase) is recognized
        (keuntungan dari akuisisi saham) diakui                           in profit or loss.
        dalam laba rugi.

        Setelah pengakuan awal, goodwill diukur                           After initial recognition, goodwill is
        pada jumlah tercatat dikurangi akumulasi                          measured at cost less any accumulated
        kerugian penurunan nilai. Untuk tujuan uji                        impairment losses. For the purpose of
        penurunan nilai, goodwill yang diperoleh                          impairment testing, goodwill acquired in a
        dari suatu kombinasi bisnis, sejak tanggal                        business combination is, from the
        akuisisi, dialokasikan kepada setiap Unit                         acquisition date, allocated to each of the
        Penghasil Kas (“UPK”) dari Perusahaan                             Company         and/or    its   subsidiaries’
        dan/atau entitas anak yang diharapkan                             Cash-Generating Units (“CGU”) that are
        akan menerima manfaat dari sinergi                                expected to benefit from the combination,
        kombinasi tersebut, terlepas dari apakah                          irrespective of whether other assets or
        aset atau liabilitas lain dari pihak yang                         liabilities of the acquired are assigned to
        diakuisisi dialokasikan ke UPK tersebut.                          those CGUs.




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PT DUTA PERTIWI Tbk DAN ENTITAS ANAK                            PT DUTA PERTIWI Tbk AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                        Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                           For the Years Ended
31 Desember 2023 dan 2022                                                         December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                         (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                             unless Otherwise Stated)


         Jika goodwill telah dialokasikan pada suatu                    Where goodwill forms part of a CGU and
         UPK dan operasi tertentu atas UPK                              part of the operation within that CGU is
         tersebut dihentikan, maka goodwill yang                        disposed of, the goodwill associated with
         diasosiasikan     dengan     operasi   yang                    the operation disposed of is included in
         dihentikan tersebut termasuk dalam jumlah                      the carrying amount of the operation when
         tercatat operasi tersebut ketika menentukan                    determining the gain or loss on disposal of
         keuntungan atau kerugian dari pelepasan.                       the operation. Goodwill disposed of in this
         Goodwill yang dilepaskan tersebut diukur                       circumstance is measured based on the
         berdasarkan nilai relatif operasi yang                         relative values of the operation disposed
         dihentikan dan porsi UPK yang ditahan.                         of and the portion of the CGU retained.

         Entitas Sepengendali                                           Among      Entities    Under     Common
                                                                        Control

         Transaksi      kombinasi  bisnis    entitas                    Business combination transaction of
         sepengendali, berupa pengalihan bisnis                         entities under common control in form of
         yang dilakukan dalam rangka reorganisasi                       business     transfer   with    regard   to
         entitas-entitas yang berada dalam suatu                        reorganization of entities within the same
         kelompok usaha yang sama, bukan                                group of companies does not result in a
         merupakan perubahan kepemilikan dalam                          change of the economic substance of the
         arti substansi ekonomi, sehingga transaksi                     ownership, thus, the transaction is
         tersebut diakui pada jumlah tercatat                           recognized at carrying value based on
         berdasarkan        metode       penyatuan                      pooling of interest method.
         kepemilikan.

         Selisih antara jumlah imbalan yang                             Any difference between the amount of
         dialihkan dan jumlah tercatat dari setiap                      consideration transferred and the carrying
         kombinasi bisnis entitas sepengendali                          value of each business combination of
         disajikan dalam akun tambahan modal                            entities under common control is
         disetor pada bagian ekuitas dalam laporan                      recognized as additional paid-in capital as
         posisi keuangan konsolidasian.                                 part of equity section in the consolidated
                                                                        statement of financial position.

         Entitas yang melepas bisnis, dalam                             An entity which is disposing a business
         pelepasan bisnis entitas sepengendali,                         unit in connection with the disposal of a
         mengakui selisih antara imbalan yang                           business unit of an entity under common
         diterima dan jumlah tercatat bisnis yang                       control recognizes the difference between
         dilepas dalam akun tambahan modal                              the consideration received and carrying
         disetor pada bagian ekuitas dalam laporan                      amount of the disposed business unit as
         posisi keuangan konsolidasian.                                 additional paid-in capital as part of equity
                                                                        section in the consolidated statement of
                                                                        financial position.

    d.   Penjabaran Mata Uang Asing                                d.   Foreign Currency Translation

         Mata Uang Fungsional dan Pelaporan                             Functional and Reporting Currencies

         Akun-akun yang tercakup dalam laporan                          Items included in the financial statements
         keuangan setiap entitas dalam Grup diukur                      of each of the Group’s companies are
         menggunakan mata uang dari lingkungan                          measured using the currency of the
         ekonomi utama dimana entitas beroperasi                        primary economic environment in which
         (mata uang fungsional).                                        the entity operates (the functional
                                                                        currency).

         Laporan keuangan konsolidasian disajikan                       The consolidated financial statements are
         dalam Rupiah, yang merupakan mata uang                         presented in Rupiah which is the
         fungsional Perusahaan dan mata uang                            Company’s functional and the Group’s
         penyajian Grup.                                                presentation currency.




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PT DUTA PERTIWI Tbk DAN ENTITAS ANAK                              PT DUTA PERTIWI Tbk AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                          Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                             For the Years Ended
31 Desember 2023 dan 2022                                                           December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                           (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                               unless Otherwise Stated)


         Transaksi dan Saldo                                              Transactions and Balances

         Transaksi dalam mata uang asing                                  Foreign     currency      transactions are
         dijabarkan kedalam mata uang fungsional                          translated into the functional currency
         menggunakan kurs pada tanggal transaksi.                         using the exchange rates prevailing at the
         Keuntungan atau kerugian selisih kurs yang                       dates of the transactions. Foreign
         timbul dari penyelesaian transaksi dan dari                      exchange gains and losses resulting from
         penjabaran pada kurs akhir tahun atas aset                       the settlement of such transactions and
         dan liabilitas moneter dalam mata uang                           from the translation at year end exchange
         asing diakui dalam laba rugi.                                    rates of monetary assets and liabilities
                                                                          denominated in foreign currencies are
                                                                          recognized in profit or loss.

         Pada tanggal 31 Desember 2023 dan 2022,                          As of December 31, 2023 and 2022, the
         kurs konversi yang digunakan Grup adalah                         exchange rates used by the Group were
         kurs tengah Bank Indonesia masing-masing                         the middle rates of Bank Indonesia of
         sebesar Rp 15.416 dan Rp 15.731 per                              Rp 15,416 and Rp 15,731, respectively, to
         US$ 1.                                                           United States (U.S.) $ 1.

    e.   Transaksi Pihak Berelasi                                    e.   Transactions with Related Parties

         Orang atau entitas dikategorikan sebagai                         A person or entity is considered a related
         pihak berelasi Grup apabila memenuhi                             party of the Group if it meets the definition
         definisi   pihak  berelasi   berdasarkan                         of a related party in PSAK No. 7 “Related
         PSAK No. 7 “Pengungkapan Pihak-pihak                             Party Disclosures”.
         Berelasi”.

         Semua transaksi signifikan dengan pihak                          All significant transactions with related
         berelasi telah diungkapkan dalam laporan                         parties are disclosed in the consolidated
         keuangan konsolidasian.                                          financial statements.

    f.   Klasifikasi Lancar dan Tidak Lancar                         f.   Current and Non-current Classification

         Grup menyajikan aset dan liabilitas dalam                        The Group presents assets and liabilities
         laporan posisi keuangan konsolidasian                            in the consolidated statement of financial
         berdasarkan klasifikasi lancar/tidak lancar.                     position based on current/non-current
         Suatu aset disajikan lancar bila:                                classification. An asset is current when it
                                                                          is:

         i)     akan    direalisasi,     dijual atau                      i)     expected to be realized or intended
                dikonsumsi dalam       siklus operasi                            to be sold or consumed in the normal
                normal;                                                          operating cycle;

         ii)    untuk diperdagangkan; atau                                ii)    held primarily for the purpose of
                                                                                 trading; or

         iii)   akan direalisasi dalam 12 bulan                           iii)   expected to be realized within 12
                setelah tanggal pelaporan, atau kas                              months after the reporting period, or
                atau setara kas, kecuali yang dibatasi                           cash or cash equivalents unless
                penggunaannya atau akan digunakan                                restricted from being exchanged or
                untuk melunasi suatu liabilitas dalam                            used to settle a liability for at least 12
                paling lambat 12 bulan setelah                                   months after the reporting period.
                tanggal pelaporan.

         Seluruh aset lain diklasifikasikan sebagai                       All other assets are classified as non-
         tidak lancar.                                                    current.

         Suatu liabilitas disajikan jangka pendek                         A liability is current when it is:
         bila:

         i)     akan dilunasi dalam siklus operasi                        i)     expected to be settled in the normal
                normal;                                                          operating cycle;



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PT DUTA PERTIWI Tbk DAN ENTITAS ANAK                                PT DUTA PERTIWI Tbk AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                            Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                               For the Years Ended
31 Desember 2023 dan 2022                                                             December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                             (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                 unless Otherwise Stated)


         ii)    untuk diperdagangkan;                                       ii)    held primarily to the purpose of
                                                                                   trading;

         iii)   akan dilunasi dalam 12 bulan setelah                        iii)   due to be settled within 12 months
                tanggal pelaporan; atau                                            after the reporting period; or

         iv)    tidak ada hak tanpa syarat untuk                            iv)    there is no unconditional right to
                menangguhkan pelunasannya dalam                                    defer the settlement of the liability for
                paling tidak 12 bulan setelah tanggal                              at least 12 months after the reporting
                pelaporan.                                                         period.

         Seluruh liabilitas lain        diklasifikasikan                    All other liabilities are classified as non-
         sebagai jangka panjang.                                            current.

    g.   Kas dan Setara Kas                                            g.   Cash and Cash Equivalents

         Kas terdiri dari kas dan bank. Setara kas                          Cash consists of cash on hand and in
         adalah semua investasi yang bersifat                               banks. Cash equivalents are short-term,
         jangka pendek dan sangat likuid yang                               highly liquid investments that are readily
         dapat segera dikonversikan menjadi kas                             convertible to known amounts of cash with
         dengan jatuh tempo dalam waktu tiga (3)                            original maturities of three (3) months or
         bulan     atau    kurang     sejak tanggal                         less from the date of placements, and
         penempatannya, dan yang tidak dijaminkan                           which are not used as collateral and are
         serta tidak dibatasi pencairannya.                                 not restricted.

    h.   Bank dan Deposito Berjangka                                   h.   Cash in Banks and Time Deposits

         Bank yang dijaminkan atau dibatasi                                 Cash in banks which are used as
         pencairannya serta deposito berjangka                              collateral or are restricted and time
         yang jatuh temponya kurang dari tiga (3)                           deposits with maturities of three (3)
         bulan pada saat penempatan namun                                   months or less from the date of placement
         dijaminkan, atau dibatasi pencairannya,                            which are used as collateral or are
         dan deposito berjangka yang jatuh                                  restricted, and time deposits with
         temponya lebih dari tiga (3) bulan pada                            maturities of more than three (3) months
         saat    penempatan     disajikan sebagai                           from the date of placement are presented
         “Investasi jangka pendek”.                                         as “Short-term investments”.

    i.   Instrumen Keuangan                                            i.   Financial Instruments

         Grup menerapkan PSAK No. 71, Instrumen                             The Group has applied PSAK No. 71,
         Keuangan,      mengenai       pengaturan                           Financial Instruments, which set the
         instrumen keuangan terkait klasifikasi dan                         requirements     in    classification and
         pengukuran dan penurunan nilai atas                                measurement and impairment in value of
         instrumen keuangan.                                                financial instruments.

         Aset Keuangan                                                      Financial Assets

         Grup mengklasifikasikan aset keuangan                              The Group classifies its financial assets in
         sesuai dengan PSAK No. 71, Instrumen                               accordance with PSAK No. 71, Financial
         Keuangan, sehingga setelah pengakuan                               Instruments, that classifies financial assets
         awal aset keuangan diukur pada biaya                               as subsequently measured at amortized
         perolehan diamortisasi, nilai wajar melalui                        cost, fair value through comprehensive
         penghasilan komprehensif lain atau nilai                           income or fair value through profit or loss
         wajar   melalui    laba     rugi,   dengan                         (FVTPL), on the basis of both:
         menggunakan dua dasar, yaitu:

         (a)    Model bisnis Grup dalam mengelola                           (a)    The Group’s business model for
                aset keuangan; dan                                                 managing the financial assets; and

         (b)    Karakteristik arus kas kontraktual dari                     (b)    The     contractual       cash     flow
                aset keuangan.                                                     charateristics of the financial assets.



                                                           - 18 -
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PT DUTA PERTIWI Tbk DAN ENTITAS ANAK                            PT DUTA PERTIWI Tbk AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                        Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                           For the Years Ended
31 Desember 2023 dan 2022                                                         December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                         (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                             unless Otherwise Stated)


        Pada tanggal 31 Desember 2023 dan 2022,                        As of December 31, 2023 and 2022, the
        Grup memiliki instrumen keuangan dalam                         Group has financial instruments under
        kategori aset keuangan pada biaya                              financial assets at amortized cost
        perolehan diamortisasi.                                        category.

        Aset Keuangan pada Biaya Perolehan                             Financial Assets at Amortized Cost
        Diamortisasi

        Aset keuangan diukur pada biaya                                A financial asset is measured at amortized
        perolehan diamortisasi jika kedua kondisi                      cost if both of the following conditions are
        berikut terpenuhi:                                             met:

        (a)   Aset keuangan dikelola dalam model                       (a)   The financial assets are held within a
              bisnis yang bertujuan untuk memiliki                           business model whose objective is to
              aset    keuangan    dalam    rangka                            hold financial assets in order to
              mendapatkan arus kas kontraktual;                              collect contractual cash flows; and
              dan

        (b)   Persyaratan kontraktual dari aset                        (b)   The contractual terms of the financial
              keuangan menghasilkan arus kas                                 assets give rise on specified dates to
              pada tanggal tertentu yang semata                              cash flows that are solely payments
              dari pembayaran pokok dan bunga                                of principal and interest on the
              dari jumlah pokok terutang.                                    principal amount outstanding.

        Aset keuangan pada biaya perolehan                             Financial assets at amortized cost is
        diamortisasi diukur pada jumlah yang diakui                    measured at initial amount minus the
        saat     pengakuan        awal    dikurangi                    principal repayments, plus or minus the
        pembayaran      pokok,     ditambah     atau                   cumulative amortization using the effective
        dikurangi dengan amortisasi kumulatif                          interest method of any difference between
        menggunakan metode suku bunga efektif                          that initial amount and the maturity amount
        yang dihitung dari selisih antara nilai awal                   adjusted for allowance for impairment.
        dan nilai jatuh temponya, dan dikurangi
        dengan cadangan kerugian penurunan
        nilai.

        Pada tanggal 31 Desember 2023 dan 2022,                        As of December 31, 2023 and 2022, the
        kategori ini meliputi kas dan setara kas,                      Group’s cash and cash equivalents, short-
        investasi jangka pendek, piutang usaha dan                     term     investments,     trade accounts
        piutang lain-lain yang dimiliki oleh Grup.                     receivable and other accounts receivable
                                                                       are included in this category.

        Liabilitas   Keuangan     dan    Instrumen                     Financial   Liabilities       and      Equity
        Ekuitas                                                        Instruments

        Liabilitas keuangan dan instrumen ekuitas                      Financial liabilities and equity instruments
        Grup        diklasifikasikan     berdasarkan                   of the Group are classified according to
        substansi perjanjian kontraktual serta                         the substance of the contractual
        definisi liabilitas keuangan dan instrumen                     arrangements entered into and the
        ekuitas.     Kebijakan      akuntansi   yang                   definitions of a financial liability and equity
        diterapkan atas instrumen keuangan                             instrument. The accounting policies
        tersebut diungkapkan berikut ini.                              adopted for specific financial instruments
                                                                       are set out below.

        Instrumen Ekuitas                                              Equity Instruments

        Instrumen ekuitas adalah setiap kontrak                        An equity instrument is any contract that
        yang memberikan hak residual atas aset                         evidences a residual interest in the assets
        suatu entitas setelah dikurangi dengan                         of an entity after deducting all of its
        seluruh liabilitasnya. Instrumen ekuitas                       liabilities. Equity instruments are recorded
        dicatat sejumlah hasil yang diterima setelah                   at the proceeds received, net of direct
        dikurangkan dengan biaya penerbitan                            issue costs.
        langsung.


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PT DUTA PERTIWI Tbk DAN ENTITAS ANAK                            PT DUTA PERTIWI Tbk AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                        Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                           For the Years Ended
31 Desember 2023 dan 2022                                                         December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                         (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                             unless Otherwise Stated)


        Liabilitas Keuangan                                            Financial Liabilities

        Liabilitas keuangan dalam lingkup PSAK                         Financial liabilities within the scope of
        No. 71 diklasifikasikan sebagai berikut:                       PSAK No. 71 are classified as follows:
        (i) liabilitas keuangan yang diukur dengan                     (i) financial liabilities at amortized cost,
        biaya diamortisasi, (ii) liabilitas keuangan                   (ii) financial liabilities at fair value through
        yang diukur dengan nilai wajar melalui laba                    profit and loss (FVTPL) or other
        rugi atau melalui penghasilan komprehensif                     comprehensive income (FVOCI). The
        lain. Grup menentukan klasifikasi liabilitas                   Group determines the classification of its
        keuangan pada saat pengakuan awal.                             financial liabilities at initial recognition.

        Seluruh liabilitas keuangan diakui pada                        All financial liabilities are recognized
        awalnya sebesar nilai wajar dan, dalam hal                     initially at fair value and, in the case of
        pinjaman dan utang, termasuk biaya                             loans and borrowings, inclusive of directly
        transaksi yang dapat diatribusikan secara                      attributable      transaction   costs    and
        langsung dan selanjutnya diukur pada                           subsequently measured at amortized
        biaya perolehan diamortisasi dengan                            cost using the effective interest rate
        menggunakan metode suku bunga efektif.                         method. The amortization of the effective
        Amortisasi suku bunga efektif disajikan                        interest rate is included in finance costs in
        sebagai bagian dari    beban     keuangan                      profit or loss.
        dalam laba rugi.

        Pada tanggal 31 Desember 2023 dan 2022,                        As of December 31, 2023 and 2022, the
        Grup memiliki instrumen keuangan dalam                         Group has financial instruments under
        kategori liabilitas keuangan yang diukur                       financial liabilities at amortized cost
        pada biaya perolehan diamortisasi.                             category.

        Liabilitas Keuangan yang Diukur pada                           Financial Liabilities at Amortized Cost
        Biaya Perolehan Diamortisasi

        Liabilitas keuangan pada biaya perolehan                       Financial liabilities at amortized cost is
        diamortisasi diukur pada jumlah yang diakui                    measured at initial amount minus the
        saat      pengakuan       awal    dikurangi                    principal repayments, plus or minus the
        pembayaran        pokok,   ditambah     atau                   cumulative amortization using the effective
        dikurangi dengan amortisasi kumulatif                          interest method of any difference between
        menggunakan metode suku bunga efektif                          that initial amount and the maturity
        yang dihitung dari selisih antara nilai awal                   amount.
        dan nilai jatuh temponya.

        Pada tanggal 31 Desember 2023 dan 2022,                        As of December 31, 2023 and 2022, the
        kategori ini meliputi utang usaha, beban                       Group’s trade accounts payable, accrued
        akrual, setoran jaminan dan liabilitas lain-                   expenses, security deposits and other
        lain yang dimiliki oleh Grup.                                  liabilities are included in this category.

        Saling Hapus Instrumen Keuangan                                Offsetting of Financial Instruments

        Aset keuangan dan liabilitas keuangan                          Financial assets and liabilities are offset
        saling hapus dan nilai bersihnya disajikan                     and the net amount reported in the
        dalam      laporan      posisi    keuangan                     consolidated statement of financial
        konsolidasian jika, dan hanya jika, Grup                       position if, and only if, there is a currently
        saat ini memiliki hak yang berkekuatan                         enforceable right to offset the recognized
        hukum untuk melakukan saling hapus atas                        amounts, and there is intention to settle on
        jumlah yang telah diakui tersebut; dan                         a net basis, or to realize the asset and
        berniat untuk menyelesaikan secara neto                        settle the liability simultaneously.
        atau untuk merealisasikan aset dan
        menyelesaikan       liabilitasnya    secara
        simultan.




                                                       - 20 -
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PT DUTA PERTIWI Tbk DAN ENTITAS ANAK                            PT DUTA PERTIWI Tbk AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                        Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                           For the Years Ended
31 Desember 2023 dan 2022                                                         December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                         (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                             unless Otherwise Stated)


        Reklasifikasi Aset Keuangan                                    Reclassification of Financial Assets

        Sesuai dengan ketentuan PSAK No. 71,                           In accordance with PSAK No. 71,
        Instrumen Keuangan, Grup mereklasifikasi                       Financial      Instruments,    the     Group
        seluruh aset keuangan dalam kategori yang                      reclassifies its financial assets when, and
        terpengaruh, jika dan hanya jika, Grup                         only when, the Group changes its
        mengubah model bisnis untuk pengelolaan                        business model for managing financial
        aset keuangan tersebut. Sedangkan,                             assets. While, any financial liabilities shall
        liabilitas keuangan tidak direklasifikasi.                     not be reclassified.

        Penurunan Nilai Aset Keuangan                                  Impairment of Financial Assets

        Grup selalu mengakui kerugian kredit                           The Group always recognizes lifetime
        ekspektasian (ECL) sepanjang umur untuk                        expected credit losses (ECL) for trade
        piutang usaha. Kerugian kredit ekspetasian                     accounts receivable. The expected credit
        atas      aset     keuangan      diestimasi                    losses on these financial assets are
        menggunakan pendekatan tingkat kerugian                        estimated using loss rate approach based
        berdasarkan pengalaman kerugian kredit                         on the Group’s historical credit loss
        historis Grup, disesuaikan dengan kondisi                      experience, adjusted for general economic
        ekonomi umum dan penilaian baik atas                           conditions and an assessment of both the
        kondisi kini maupun perkiraan masa depan                       current as well as the forecast direction of
        pada tanggal pelaporan, termasuk nilai                         conditions at the reporting date, including
        waktu atas uang jika tepat.                                    time value of money where appropriate.

        Untuk semua instrumen keuangan lainnya,                        For all other financial instruments, the
        Grup mengakui ECL sepanjang umur ketika                        Group recognizes lifetime ECL when there
        telah ada peningkatan risiko kredit yang                       has been a significant increase in credit
        signifikan sejak pengakuan awal. Jika                          risk since initial recognition. If, on the other
        sebaliknya, risiko kredit pada instrumen                       hand, the credit risk on the financial
        keuangan tidak meningkat secara signifikan                     instrument has not increased significantly
        sejak pengakuan awal, Grup mengukur                            since initial recognition, the Group
        penyisihan kerugian untuk instrumen                            measures the loss allowance for that
        keuangan tersebut sejumlah ECL 12 bulan.                       financial instrument at an amount equal to
        Penilaian apakah ECL sepanjang umur                            12-month ECL. The assessment of
        harus diakui didasarkan pada peningkatan                       whether      lifetime    ECL       should     be
        signifikan dalam kemungkinan terjadinya                        recognized is based on significant
        atau pada risiko gagal bayar sejak                             increases in the likelihood or risk of a
        pengakuan awal dan bukan didasarkan                            default occurring since initial recognition
        bukti aset keuangan yang mengalami                             instead of on evidence of a financial asset
        kerugian kredit pada tanggal pelaporan                         being credit impaired at the reporting date
        atau kejadian gagal bayar sebenarnya. ECL                      or an actual default occurring. Lifetime
        sepanjang umur merupakan kerugian kredit                       ECL represents the expected credit losses
        ekspetasian yang timbul dari seluruh                           that will result from all possible default
        kemungkinan peristiwa gagal bayar selama                       events over the expected life of a financial
        perkiraan umur instrumen keuangan.                             instrument. In contrast, 12-month ECL
        Sebaliknya, ECL 12 bulan mewakili porsi                        represents the portion of lifetime ECL that
        ECL sepanjang umur yang timbul dari                            is expected to result from default events
        peristiwa gagal bayar pada instrumen                           on a financial instrument that are possible
        keuangan yang mungkin terjadi dalam 12                         within 12 months after the reporting date.
        bulan setelah tanggal pelaporan.

        Penghentian Pengakuan           Aset    dan                    Derecognition of Financial Assets and
        Liabilitas Keuangan                                            Liabilities

        (1)   Aset Keuangan                                            (1)   Financial Assets

              Penghentian pengakuan atas suatu                               A financial asset, or where
              aset keuangan, atau, bila dapat                                applicable, a part of a financial asset
              diterapkan untuk bagian dari aset                              or part of a group of similar financial
              keuangan atau bagian dari kelompok                             assets, is derecognized when:
              aset keuangan serupa, terjadi apabila:




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PT DUTA PERTIWI Tbk DAN ENTITAS ANAK                              PT DUTA PERTIWI Tbk AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                          Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                             For the Years Ended
31 Desember 2023 dan 2022                                                           December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                           (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                               unless Otherwise Stated)


               a.   Hak kontraktual atas arus kas                                a.   The contractual rights to
                    yang berasal dari aset keuangan                                   receive the cash flows from
                    tersebut berakhir atau aset telah                                 these assets have ceased to
                    dialihkan;                                                        exist or the assets have been
                                                                                      transferred;

               b.   Grup telah mengalihkan hak                                   b.   The Group has transferred its
                    untuk menerima arus kas yang                                      rights to receive cash flows
                    berasal dari aset keuangan                                        from the asset or has assumed
                    tersebut    atau    menanggung                                    an obligation to pay the
                    kewajiban untuk membayar arus                                     received cash flows in full
                    kas yang diterima tersebut tanpa                                  without material delay to a third
                    penundaan      yang     signifikan                                party under a “pass-through”
                    terhadap pihak ketiga melalui                                     arrangement, and either (a) the
                    suatu kesepakatan penyerahan                                      Group       has       transferred
                    dan (a) Grup secara substansial                                   substantially all the risk and
                    mengalihkan seluruh risiko dan                                    rewards of the financial assets,
                    manfaat atas kepemilikan aset                                     or (b) the Group has neither
                    keuangan tersebut, atau (b) Grup                                  transferred     nor      retained
                    secara      substansial      tidak                                substantially all the risk and
                    mengalihkan      maupun      tidak                                rewards of the assets, but has
                    mempertahankan seluruh risiko                                     transferred control of the asset.
                    dan manfaat atas kepemilikan
                    aset keuangan tersebut, namun
                    telah mengalihkan pengendalian
                    atas aset keuangan tersebut.

         (2)   Liabilitas Keuangan                                         (2)   Financial Liabilities

               Liabilitas   keuangan        dihentikan                           A financial liability is derecognized
               pengakuannya jika liabilitas keuangan                             when the obligation under the
               tersebut berakhir, dibatalkan atau                                contract is discharged, cancelled or
               telah kadaluarsa.                                                 has expired.

    j.   Pengukuran Nilai Wajar                                      j.    Fair Value Measurement

         Pengukuran nilai wajar didasarkan pada                            The fair value measurement is based on
         asumsi bahwa transaksi untuk menjual aset                         the presumption that the transaction to sell
         atau mengalihkan liabilitas akan terjadi:                         the asset or transfer the liability takes
                                                                           place either:

         •     di pasar utama untuk aset atau                              •     in the principal market for the asset
               liabilitas tersebut atau;                                         or liability or;

         •     jika tidak terdapat pasar utama, di                         •     in the absence of a principal market,
               pasar yang paling menguntungkan                                   in the most advantageous market for
               untuk aset atau liabilitas tersebut.                              the asset or liability.

         Grup harus memiliki akses ke pasar utama                         The Group must have access to the
         atau pasar yang paling menguntungkan                             principal or the most advantageous market
         pada tanggal pengukuran.                                         at the measurement date.

         Nilai wajar aset atau liabilitas diukur                          The fair value of an asset or a liability is
         menggunakan       asumsi       yang    akan                      measured using the assumptions that
         digunakan pelaku pasar ketika menentukan                         market participants would use when pricing
         harga aset atau liabilitas tersebut, dengan                      the asset or liability, assuming that market
         asumsi bahwa pelaku pasar bertindak                              participants act in their economic best
         dalam kepentingan ekonomi terbaiknya.                            interest.




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PT DUTA PERTIWI Tbk DAN ENTITAS ANAK                               PT DUTA PERTIWI Tbk AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                           Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                              For the Years Ended
31 Desember 2023 dan 2022                                                            December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                            (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                unless Otherwise Stated)


         Pengukuran nilai wajar aset non-keuangan                          A fair value measurement of a
         memperhitungkan     kemampuan         pelaku                      non-financial asset takes into account a
         pasar    untuk   menghasilkan        manfaat                      market participant’s ability to generate
         ekonomik dengan menggunakan aset                                  economic benefits by using the asset in its
         dalam     penggunaan       tertinggi     dan                      highest and best use or by selling it to
         terbaiknya, atau dengan menjualnya                                another market participant that would use
         kepada pelaku pasar lain yang akan                                the asset in its highest and best use.
         menggunakan      aset    tersebut     dalam
         penggunaan tertinggi dan terbaiknya.

         Ketika Grup menggunakan teknik penilaian,                         When     the    Group     uses    valuation
         maka Grup memaksimalkan penggunaan                                techniques, it maximizes the use of relevant
         input yang dapat diobservasi yang relevan                         observable inputs and minimizing the use
         dan meminimalkan penggunaan input yang                            of unobservable inputs.
         tidak dapat diobservasi.

         Seluruh aset dan liabilitas yang mana nilai                       All assets and liabilities for which fair value
         wajar aset atau liabilitas tersebut diukur                        is measured or disclosed in the financial
         atau diungkapkan, dikategorikan dalam                             statements are categorized within the fair
         hirarki nilai wajar sebagai berikut:                              value hierarchy as follows:

         •    Level 1 – harga kuotasian (tanpa                              •     Level 1 – Quoted (unadjusted)
              penyesuaian) di pasar aktif untuk aset                              market prices in active markets for
              atau liabilitas yang identik;                                       identical assets or liabilities;
         •    Level 2 – teknik penilaian dimana                             •     Level 2 – Valuation techniques for
              level input terendah yang signifikan                                which the lowest level input that is
              terhadap pengukuran nilai wajar dapat                               significant   to    the      fair value
              diobservasi, baik secara langsung                                   measurement is directly or indirectly
              maupun tidak langsung;                                              observable;
         •    Level 3 – teknik penilaian dimana                             •     Level 3 – Valuation techniques for
              level input terendah yang signifikan                                which the lowest level input that is
              terhadap pengukuran nilai wajar tidak                               significant   to    the      fair value
              dapat diobservasi.                                                  measurement is unobservable.

         Untuk aset dan liabilitas yang diukur pada                        For assets and liabilities that are
         nilai wajar secara berulang dalam laporan                         recognized in the consolidated financial
         keuangan konsolidasian, maka Grup                                 statements on a recurring basis, the Group
         menentukan apakah telah terjadi transfer di                       determines whether there are transfers
         antara level hirarki dengan menilai kembali                       between levels in the hierarchy by re-
         pengkategorian level nilai wajar pada setiap                      assessing categorization at the end of each
         akhir periode pelaporan.                                          reporting period.

    k.   Persediaan                                                   k.    Inventories

         Persediaan Real Estat                                              Real Estate Inventories

         Persediaan real estat terdiri dari tanah dan                       Real estate inventories consist of land and
         bangunan (rumah tinggal, rumah toko                                buildings (houses, shophouses and
         (ruko) dan bangunan strata title) yang siap                        buildings with strata title) ready for sale,
         dijual, bangunan (rumah tinggal, ruko dan                          buildings (houses, shophouses and
         bangunan strata title) yang sedang                                 buildings    with    strata    title) under
         dikonstruksi, dan tanah yang sedang                                construction, and land under development
         dikembangkan dinyatakan sebesar nilai                              which are stated at the lower of cost and
         yang lebih rendah antara biaya perolehan                           net realizable value.
         atau nilai realisasi bersih (the lower of cost
         and net realizable value).




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PT DUTA PERTIWI Tbk DAN ENTITAS ANAK                            PT DUTA PERTIWI Tbk AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                        Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                           For the Years Ended
31 Desember 2023 dan 2022                                                         December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                         (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                             unless Otherwise Stated)


        Biaya perolehan tanah yang sedang                              The cost of land under development
        dikembangkan meliputi biaya perolehan                          consists of the acquisition cost of land for
        tanah    yang      belum   dikembangkan                        development,       direct   and      indirect
        ditambah dengan biaya pengembangan                             development costs and borrowing costs.
        langsung dan tidak langsung yang                               The total costs of land under development
        dapat    diatribusikan   pada    kegiatan                      is transferred to land and buildings ready
        pengembangan real estat serta biaya                            for sale when land development is
        pinjaman. Jumlah biaya tanah yang sedang                       completed, based on the area of saleable
        dikembangkan akan dipindahkan ke tanah                         lots.
        dan bangunan yang siap dijual pada saat
        tanah tersebut selesai dikembangkan
        dengan menggunakan metode luas areal.

        Biaya pengembangan tanah, termasuk                             The cost of land development, including
        tanah yang digunakan sebagai jalan dan                         the land used for roads and amenities and
        prasarana atau area yang tidak dijual                          other non-saleable areas, is allocated
        lainnya, dialokasikan berdasarkan luas area                    based on the saleable area of the project.
        yang dapat dijual.

        Biaya perolehan bangunan yang sedang                           The cost of building units under
        dikonstruksi adalah biaya konstruksi, dan                      construction includes construction costs,
        dipindahkan ke tanah dan bangunan pada                         and is transferred to land and buildings
        saat selesai dibangun dan siap dijual                          units ready for sale when the development
        dengan menggunakan metode identifikasi                         of land and construction of buildings is
        khusus.                                                        completed. Cost is determined using the
                                                                       specific identification method.

        Akumulasi biaya ke proyek pengembangan                         The allocation of costs to the real estate
        real estat tidak dihentikan walaupun                           project continues even if the realization of
        realisasi   pendapatan       pada     masa                     future revenues is less than the carrying
        mendatang lebih rendah dari nilai tercatat                     value of the project. However, periodic
        proyek. Namun, dilakukan cadangan                              provisions are made for these differences.
        secara periodik atas perbedaan tersebut.                       The total provision reduces the carrying
        Jumlah     cadangan       tersebut    akan                     value of the project to its net realizable
        mengurangi nilai tercatat proyek dan                           value, and is charged as an expense in
        dibebankan ke laba rugi tahun berjalan.                        the current year when recognized.

        Biaya pemeliharaan dan perbaikan yang                          Expenses incurred for repairs and
        terjadi atas proyek yang sudah selesai dan                     maintenance of the completed projects,
        secara substansial siap untuk digunakan                        and those projects which are substantially
        sesuai tujuannya dibebankan pada laba                          ready for use are charged to current
        rugi pada saat terjadinya.                                     operations.

        Estimasi dan alokasi biaya harus dikaji                        Cost estimates and allocation are
        kembali pada setiap akhir periode                              reviewed at the end of every reporting
        pelaporan sampai proyek selesai secara                         period until the project is substantially
        substansial. Apabila telah terjadi perubahan                   completed. If there are any substantial
        mendasar pada estimasi kini, biaya direvisi,                   changes from the estimates, the Group
        dan direalokasi.                                               revises the estimates and reallocate costs.

        Beban yang tidak berhubungan dengan                            Costs which are not related to real estate
        proyek real estat dibebankan ke laba rugi                      development are charged to current
        pada saat terjadinya.                                          operations when incurred.




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PT DUTA PERTIWI Tbk DAN ENTITAS ANAK                             PT DUTA PERTIWI Tbk AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                         Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                            For the Years Ended
31 Desember 2023 dan 2022                                                          December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                          (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                              unless Otherwise Stated)


         Persediaan dari Hotel dan Lainnya                               Hotel and Others Inventories

         Persediaan dari hotel dan lainnya                               Hotel and other inventories are stated at
         dinyatakan sebesar nilai yang lebih rendah                      the lower of cost and net realizable value.
         antara biaya perolehan atau nilai realisasi                     Cost is determined using the weighted
         bersih (the lower of cost and net realizable                    average method. Net realizable value is
         value). Biaya perolehan ditentukan dengan                       the current replacement cost. Hotel and
         menggunakan metode rata-rata tertimbang                         others inventories that no longer have
         (weighted average method). Persediaan                           economic value, based on management’s
         dari hotel dan lainnya yang tidak lagi                          evaluation, are written-off and charged to
         memiliki manfaat ekonomis di masa                               current operations.
         mendatang dihapuskan menjadi beban
         tahun berjalan berdasarkan penelaahan
         manajemen atas nilai ekonomis persediaan
         tersebut.

    l.   Investasi pada Entitas Asosiasi dan                        l.   Investments in Associates and Joint
         Ventura Bersama                                                 Ventures

         Hasil usaha dan aset dan liabilitas entitas                     The results and assets and liabilities of
         asosiasi atau ventura bersama dicatat                           associates    or  joint  ventures     are
         dalam laporan keuangan konsolidasian                            incorporated in these consolidated
         menggunakan metode ekuitas.                                     financial statements using the equity
                                                                         method of accounting.

         Dalam metode ekuitas, pengakuan awal                            Under the equity method, an investment in
         investasi pada entitas asosiasi atau ventura                    an associate or a joint venture is initially
         bersama diakui pada laporan posisi                              recognized in the consolidated statement
         keuangan konsolidasian sebesar biaya                            of financial position at cost and adjusted
         perolehan dan selanjutnya disesuaikan                           there after to recognize the Group’s share
         untuk mengakui bagian Grup atas laba rugi                       of the profit or loss and other
         dan penghasilan komprehensif lain dari                          comprehensive income of the associate or
         entitas asosiasi atau ventura bersama. Jika                     joint venture. When the Group’s share of
         bagian Grup atas rugi entitas asosiasi atau                     losses of an associate or a joint venture
         ventura bersama adalah sama dengan atau                         exceeds the Group’s interest in that
         melebihi kepentingannya pada entitas                            associate or joint venture, the Group
         asosiasi atau ventura bersama, maka Grup                        discontinues recognizing its share of
         menghentikan pengakuannya atas rugi                             further losses. Additional losses are
         lebih lanjut. Kerugian lebih lanjut diakui                      recognized only to the extent that the
         hanya jika Grup memiliki kewajiban                              Group has incurred legal or constructive
         konstruktif atau hukum atau melakukan                           obligations or made payments on behalf of
         pembayaran atas nama entitas asosiasi                           the associate or joint venture.
         atau ventura bersama.

         Investasi pada entitas asosiasi atau ventura                    An investment in an associate or a joint
         bersama dicatat menggunakan metode                              venture is accounted for using the equity
         ekuitas sejak tanggal investasi tersebut                        method from the date on which the
         memenuhi definisi entitas asosiasi atau                         investee becomes an associate or a joint
         ventura bersama.                                                venture.

         Pada setiap tanggal pelaporan, Grup                             The Group determines at each reporting
         menentukan apakah terdapat penurunan                            date whether it is necessary to recognize
         nilai yang harus diakui atas investasi Grup                     any impairment loss with respect to the
         pada entitas asosiasi atau ventura                              Group’s investment in an associate or a
         bersama.                                                        joint venture.




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PT DUTA PERTIWI Tbk DAN ENTITAS ANAK                             PT DUTA PERTIWI Tbk AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                         Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                            For the Years Ended
31 Desember 2023 dan 2022                                                          December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                          (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                              unless Otherwise Stated)


         Ketika entitas dalam Grup melakukan                             When a Group entity transacts with an
         transaksi dengan entitas asosiasi atau                          associate or a joint venture of the Group,
         ventura bersama milik Grup, keuntungan                          profits and losses resulting from the
         atau kerugian yang dihasilkan dari transaksi                    transactions with the associate or joint
         tersebut diakui dalam laporan keuangan                          venture are recognized in the Group’s
         konsolidasian    Grup     hanya      sebatas                    consolidated financial statements only to
         kepentingan para pihak dalam asosiasi                           the extent of interests in the associate or
         atau ventura bersama yang tidak terkait                         joint venture that are not related to the
         dengan Grup.                                                    Group.

    m. Perlengkapan                                                 m. Supplies

         Perlengkapan      pengelola    gedung                           Building maintenance supplies are stated
         dinyatakan sebesar mana yang lebih                              at the lower of cost or net realizable value.
         rendah antara biaya perolehan dan nilai
         realisasi bersih.

         Nilai realisasi bersih    merupakan    nilai                    Net realizable value       is   the   current
         penggantian kini.                                               replacement cost.

    n.   Biaya Dibayar Dimuka                                       n.   Prepaid Expenses

         Biaya dibayar dimuka diamortisasi selama                        Prepaid expenses are amortized over their
         masa manfaat masing-masing biaya                                beneficial periods using the straight-line
         dengan menggunakan metode garis lurus.                          method.

    o.   Tanah yang Belum Dikembangkan                              o.   Land for Development

         Tanah      yang    belum    dikembangkan                        Land for development is stated at cost or
         dinyatakan sebesar biaya perolehan atau                         net realizable value, whichever is lower.
         nilai realisasi bersih, mana yang lebih                         Net realizable value is the estimated
         rendah. Nilai realisasi bersih merupakan                        selling price in the ordinary course of
         estimasi harga jual dalam kegiatan usaha                        business, less estimated costs of
         biasa dikurangi dengan estimasi biaya                           completion and the estimated costs
         penyelesaian dan estimasi biaya penjualan.                      necessary to make the sale.

         Biaya perolehan tanah yang belum                                The cost of land for development consists
         dikembangkan meliputi biaya pra-perolehan                       of pre-acquisition and acquisition costs of
         dan perolehan tanah ditambah biaya                              the land and borrowing costs, and is
         pinjaman dan dipindahkan ke tanah yang                          transferred to land under development
         sedang    dikembangkan      pada      saat                      when the development of land has started.
         pematangan tanah akan dimulai.

    p.   Aset Tetap                                                 p.   Property and Equipment

         Pemilikan Langsung                                              Direct Acquisition

         Aset tetap, kecuali tanah, dinyatakan                           Property and equipment, except land, are
         berdasarkan biaya perolehan, tetapi tidak                       carried at cost, excluding day to day
         termasuk biaya perawatan sehari-hari,                           servicing, less accumulated depreciation
         dikurangi akumulasi penyusutan, akumulasi                       and amortization and any impairment in
         amortisasi dan akumulasi rugi penurunan                         value. Land is not depreciated and is
         nilai, jika ada. Tanah tidak disusutkan dan                     stated at cost less any impairment in
         dinyatakan berdasarkan biaya perolehan                          value, if any.
         dikurangi akumulasi rugi penurunan nilai,
         jika ada.




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PT DUTA PERTIWI Tbk DAN ENTITAS ANAK                             PT DUTA PERTIWI Tbk AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                         Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                            For the Years Ended
31 Desember 2023 dan 2022                                                          December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                          (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                              unless Otherwise Stated)


        Biaya perolehan awal aset tetap meliputi                        The initial cost of property and equipment
        harga perolehan, termasuk bea impor dan                         consists of its purchase price, including
        pajak pembelian yang tidak boleh                                import duties and taxes and any directly
        dikreditkan dan biaya-biaya yang dapat                          attributable costs in bringing the property
        diatribusikan secara langsung untuk                             and equipment to its working condition
        membawa aset ke lokasi dan kondisi yang                         and location for its intended use.
        diinginkan    sesuai   dengan     tujuan
        penggunaan yang ditetapkan.

        Beban-beban yang timbul setelah aset                            Expenditures incurred after the property
        tetap digunakan, seperti beban perbaikan                        and equipment have been put into
        dan pemeliharaan, dibebankan ke laba rugi                       operations,   such     as    repairs  and
        pada saat terjadinya. Apabila beban-beban                       maintenance costs, are normally charged
        tersebut menimbulkan peningkatan manfaat                        to operations in the year such costs are
        ekonomis di masa datang dari penggunaan                         incurred. In situations where it can be
        aset tetap tersebut yang dapat melebihi                         clearly demonstrated that the expenditures
        kinerja normalnya, maka beban-beban                             have resulted in an increase in the future
        tersebut dikapitalisasi sebagai tambahan                        economic benefits expected to be
        biaya perolehan aset tetap.                                     obtained from the use of the property and
                                                                        equipment beyond its originally assessed
                                                                        standard of performance, the expenditures
                                                                        are capitalized as additional costs of
                                                                        property and equipment.

        Penyusutan dan amortisasi dihitung                              Depreciation  and     amortization     are
        berdasarkan metode garis lurus (straight-                       computed on a straight-line basis over the
        line method) selama masa manfaat aset                           property and equipment’s useful lives or
        tetap atau periode sewa untuk perbaikan                         term of the lease for leasehold
        aset yang disewa, mana yang lebih singkat,                      improvements, whichever is shorter, as
        sebagai berikut:                                                follows:

                                                    Tahun/Years

        Bangunan                                          20 – 30          Buildings
        Sarana pelengkap bangunan                            5             Building improvements
        Perbaikan aset yang disewa                           5             Leasehold improvements
        Mesin-mesin                                          8             Machinery
        Inventaris                                         4–8             Furniture and fixtures
        Kendaraan                                            5             Transportation equipment

        Nilai tercatat aset tetap ditelaah kembali                      The carrying values of property and
        dan dilakukan penurunan nilai apabila                           equipment are reviewed for impairment
        terdapat peristiwa atau perubahan kondisi                       when events or changes in circumstances
        tertentu yang mengindikasikan nilai tercatat                    indicate that the carrying values may not
        tersebut      tidak    dapat     dipulihkan                     be recoverable.
        sepenuhnya.

        Dalam setiap inspeksi yang signifikan,                          When each major inspection is performed,
        biaya inspeksi diakui dalam jumlah tercatat                     its cost is recognized in the carrying
        aset tetap sebagai suatu penggantian                            amount of the item of property and
        apabila memenuhi kriteria pengakuan.                            equipment as a replacement if the
        Biaya inspeksi signifikan yang dikapitalisasi                   recognition criteria are satisfied. Such
        tersebut diamortisasi selama periode                            major inspection is capitalized and
        sampai dengan saat inspeksi signifikan                          amortized over the next major inspection
        berikutnya.                                                     activity.




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PT DUTA PERTIWI Tbk DAN ENTITAS ANAK                              PT DUTA PERTIWI Tbk AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                          Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                             For the Years Ended
31 Desember 2023 dan 2022                                                           December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                           (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                               unless Otherwise Stated)


         Jumlah tercatat aset tetap dihentikan                            An item of property and equipment is
         pengakuannya pada saat dilepaskan atau                           derecognized upon disposal or when no
         tidak ada manfaat ekonomis masa depan                            future economic benefits are expected
         yang diharapkan dari penggunaan atau                             from its use or disposal. Any gains or loss
         pelepasannya. Keuntungan atau kerugian                           arising from de-recognition of property and
         yang timbul dari penghentian pengakuan                           equipment is included in profit or loss in
         aset tetap diakui dalam laba rugi pada                           the period the item is derecognized.
         tahun terjadinya penghentian pengakuan.

         Nilai residu, jika ada, umur manfaat, serta                      The asset’s residual values, if any, useful
         metode penyusutan dan amortisasi ditelaah                        lives and depreciation and amortization
         setiap    akhir    tahun   dan   dilakukan                       method are reviewed and adjusted if
         penyesuaian apabila hasil telaah berbeda                         appropriate, at each financial year end.
         dengan estimasi sebelumnya.

         Aset Tetap Dalam Pembangunan                                     Construction in Progress

         Aset tetap dalam pembangunan merupakan                           Construction in progress represents
         aset tetap dalam tahap konstruksi, yang                          property       and     equipment     under
         dinyatakan pada biaya perolehan dan tidak                        construction which is stated at cost and is
         disusutkan.     Akumulasi   biaya    akan                        not depreciated. The accumulated costs
         direklasifikasi ke akun aset tetap yang                          are reclassified to the respective property
         bersangkutan dan akan disusutkan pada                            and equipment account and are
         saat konstruksi selesai secara substansial                       depreciated when the construction is
         dan aset tersebut siap digunakan sesuai                          substantially complete and the asset is
         tujuannya.                                                       ready for its intended use.

    q.   Properti Investasi                                          q.   Investment Properties

         Pemilikan Langsung                                               Direct Acquisition

         Properti   investasi     terdiri  dari   aset                    Investment properties consisting of directly
         kepemilikan langsung dan aset tetap dalam                        acquired properties and properties under
         rangka bangun, kelola dan alih, kecuali                          Build, Operate and Transfer (BOT)
         tanah, diukur sebesar biaya perolehan,                           agreements, except land, are measured at
         termasuk biaya transaksi, setelah dikurangi                      cost, including transaction costs, less
         dengan     akumulasi       penyusutan     dan                    accumulated       depreciation and any
         kerugian penurunan nilai, jika ada. Tanah                        impairment loss. Land is not depreciated
         tidak    disusutkan       dan     dinyatakan                     and is stated at cost less any impairment
         berdasarkan biaya perolehan dikurangi rugi                       in value. The carrying amount includes the
         penurunan nilai. Jumlah tercatat termasuk                        cost of replacing part of an existing
         biaya penggantian untuk bagian tertentu                          investment property at the time that cost is
         dari properti investasi yang telah ada pada                      incurred if the recognition criteria are met;
         saat beban terjadi, jika kriteria pengakuan                      and excludes the costs of day to day
         terpenuhi, dan tidak termasuk biaya                              servicing of an investment property.
         perawatan sehari-hari properti investasi.

         Aset tetap dalam rangka bangun, kelola                           Properties under BOT agreements are
         dan      alih     adalah    aset     yang                        assets the development of which were
         pembangunannya didanai oleh Grup                                 funded by the Group then managed by the
         sampai dengan siap dioperasikan, yang                            Group until such time the asset is
         kemudian dikelola oleh Grup dan                                  transferred to asset holders at the end of
         selanjutnya diserahkan kepada pemilik aset                       concession period.
         pada saat berakhirnya perjanjian bangun,
         kelola dan alih.




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PT DUTA PERTIWI Tbk DAN ENTITAS ANAK                              PT DUTA PERTIWI Tbk AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                          Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                             For the Years Ended
31 Desember 2023 dan 2022                                                           December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                           (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                               unless Otherwise Stated)


        Properti investasi disusutkan dengan                             Investment properties are depreciated
        metode garis lurus (straight-line method)                        using the straight-line method based on
        selama estimasi masa manfaatnya yakni                            estimated useful lives of five (5) to thirty
        lima (5) sampai dengan tiga puluh (30)                           (30) years, except properties under BOT
        tahun, kecuali aset tetap dalam rangka                           agreement which are depreciated over the
        bangun, kelola dan alih yang disusutkan                          period of BOT agreements ranging from
        dengan jangka waktu antara dua puluh (20)                        twenty (20) to thirty (30) years.
        sampai dengan tiga puluh (30) tahun.

        Properti investasi dihentikan pengakuannya                       Investment properties, except properties
        (dikeluarkan dari laporan posisi keuangan                        under BOT agreements, are derecognized
        konsolidasian) pada saat pelepasan atau                          when either they have been disposed of or
        ketika properti investasi tersebut tidak                         when the investment properties are
        digunakan lagi secara permanen dan tidak                         permanently withdrawn from use and no
        memiliki manfaat ekonomis di masa depan                          future economic benefit is expected from
        yang dapat diharapkan pada saat                                  its disposal. Any gains or losses on the
        pelepasannya. Keuntungan atau kerugian                           retirement or disposal of an investment
        yang timbul dari penghentian atau                                property are recognized in profit or loss in
        pelepasan properti investasi diakui dalam                        the year of retirement or disposal.
        laba    rugi    dalam     tahun   terjadinya                     Properties under BOT agreements are
        penghentian atau pelepasan tersebut. Aset                        derecognized upon transfer to asset
        tetap dalam rangka bangun, kelola dan alih                       holders at the end of BOT agreement
        dihentikan pengakuannya pada saat                                period by reversing all accounts related to
        penyerahan kepada pemilik aset pada saat                         the assets.
        berakhirnya perjanjian dengan menghapus
        seluruh akun yang timbul berkaitan dengan
        aset yang bersangkutan.

        Transfer ke properti investasi dilakukan jika,                   Transfers are made to investment
        dan hanya jika, terdapat perubahan                               properties when, and only when, there is a
        penggunaan, yang ditunjukkan dengan                              change in use, evidenced by ending of
        berakhirnya pemakaian oleh pemilik, dan                          owner-occupation, and commencement of
        dimulainya sewa operasi ke pihak lain.                           an operating lease to another party.
        Transfer dari properti investasi dilakukan                       Transfers are made from investment
        jika, dan hanya jika, terdapat perubahan                         properties when, and only when, there is a
        penggunaan, yang ditunjukkan dengan                              change      in   use,    evidenced      by
        dimulainya penggunaan oleh pemilik atau                          commencement of owner-occupation or
        dimulainya pengembangan untuk dijual.                            commencement of development with a
                                                                         view to sale.

        Nilai residu, jika ada, umur manfaat, serta                      The asset’s residual values, if any, useful
        metode penyusutan dan amortisasi ditelaah                        lives and depreciation and amortization
        setiap    akhir    tahun   dan   dilakukan                       method are reviewed and adjusted if
        penyesuaian apabila hasil telaah berbeda                         appropriate, at each financial year end.
        dengan estimasi sebelumnya.

        Properti Investasi Dalam Pembangunan                             Construction in Progress

        Properti investasi dalam pembangunan                             Construction in progress represents
        merupakan properti investasi dalam tahap                         investment properties under construction
        konstruksi, yang dinyatakan pada biaya                           which is stated at cost and is not
        perolehan dan tidak disusutkan. Akumulasi                        depreciated. The accumulated costs are
        biaya akan direklasifikasi ke akun properti                      reclassified to the respective investment
        investasi yang bersangkutan dan akan                             properties account and are depreciated
        disusutkan pada saat konstruksi selesai                          when the construction is substantially
        secara substansial dan aset tersebut telah                       complete and the asset is ready for its
        siap untuk digunakan sesuai tujuannya.                           intended use.




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PT DUTA PERTIWI Tbk DAN ENTITAS ANAK                              PT DUTA PERTIWI Tbk AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                          Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                             For the Years Ended
31 Desember 2023 dan 2022                                                           December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                           (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                               unless Otherwise Stated)


    r.   Transaksi Sewa                                              r.   Lease Transactions

         Sebagai penyewa                                                  As lessee

         Pada tanggal permulaan kontrak, Grup                             At the inception of a contract, the Group
         menilai apakah kontrak merupakan,                                assesses whether the contract is, or
         atau mengandung, sewa. Suatu kontrak                             contains, a lease. A contract is or contains
         merupakan atau mengandung sewa jika                              a lease if the contract conveys the right to
         kontrak      tersebut  memberikan   hak                          control the use of an identified assets for a
         untuk mengendalikan penggunaan aset                              period of time in exchange for
         identifikasian selama suatu jangka waktu                         consideration.
         untuk dipertukarkan dengan imbalan.

         Untuk menilai apakah kontrak memberikan                          To assess whether a contract conveys the
         hak untuk mengendalikan penggunaan aset                          right to control the use of an identified
         identifikasian, Grup harus menilai apakah:                       asset, the Group shall assesses whether:

         -      Grup memiliki hak untuk mendapatkan                       -   The Group has the right to obtain
                secara substansial seluruh manfaat                            substantially all the economic benefits
                ekonomi      dari   penggunaan aset                           from use of the asset throughout the
                identifikasian; dan                                           period of use; and

         -      Grup memiliki hak untuk mengarahkan                       -   The Group has the right to direct the
                penggunaan aset identifikasian. Grup                          use of the asset. The Group has this
                memiliki hak ini ketika Grup memiliki                         right when it has the decision-making
                hak untuk pengambilan keputusan                               rights that are the most relevant to
                yang relevan tentang bagaimana dan                            changing how and for what purpose
                untuk tujuan apa aset digunakan telah                         the asset is used are predetermined:
                ditentukan sebelumnya dan:

                1.   Grup   memiliki    hak     untuk                         1.   The Group has the right to
                     mengoperasikan aset;                                          operate the asset;

                2.   Grup telah mendesain aset                                2.   The Group has designed the
                     dengan      cara    menetapkan                                asset     in     a    way  that
                     sebelumnya bagaimana dan untuk                                predetermined how and for what
                     tujuan apa aset akan digunakan                                purpose it will be used.
                     selama periode penggunaan.

             Pada tanggal awal dimulainya kontrak atau                    At the inception or on reassessment of a
             pada tanggal penilaian kembali atas                          contract that contains a lease component,
             kontrak     yang     mengandung    sebuah                    the Group allocates the consideration in
             komponen sewa, Grup mengalokasikan                           the contract to each lease component on
             imbalan dalam kontrak ke masing-masing                       the basis of their relative stand-alone
             komponen sewa berdasarkan harga                              prices and the aggregate stand-alone
             tersendiri relatif dari komponen sewa dan                    price of the non-lease components.
             harga tersendiri agregat dari komponen
             nonsewa.

             Pada tanggal permulaan sewa, Grup                            The Group recognizes a right-of-use asset
             mengakui aset hak-guna dan liabilitas                        and a     lease liability at the    lease
             sewa. Aset hak-guna diukur pada biaya                        commencement date. The right-of-use
             perolehan,   dimana    meliputi   jumlah                     assets are initially measured at cost,
             pengukuran awal liabilitas sewa yang                         which comprises the initial amount of the
             disesuaikan dengan pembayaran sewa                           lease liability adjusted for any lease
             yang dilakukan pada atau sebelum tanggal                     payment made at or before the
             permulaan.                                                   commencement date.




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PT DUTA PERTIWI Tbk DAN ENTITAS ANAK                          PT DUTA PERTIWI Tbk AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                      Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                         For the Years Ended
31 Desember 2023 dan 2022                                                       December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                       (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                           unless Otherwise Stated)


         Aset hak-guna kemudian disusutkan                           The right-of-use assets are subsequently
         menggunakan metode garis lurus dari                         depreciated using the straight-line method
         tanggal permulaan hingga tanggal yang                       from the commencement date to the
         lebih awal antara akhir umur manfaat aset                   earlier of the end of the useful life of the
         hak-guna atau akhir masa sewa.                              right-of-use assets or the end of the lease
                                                                     term.

         Liabilitas sewa diukur pada nilai kini                      The lease liability is initially measured at
         pembayaran sewa yang belum dibayar                          the present value of the lease payments
         pada tanggal permulaan, didiskontokan                       that are not paid at the commencement
         dengan menggunakan suku bunga implisit                      date, discounted using the interest rate
         dalam sewa atau jika suku bunga tersebut                    implicit in the lease or, if that rate cannot
         tidak      dapat    ditentukan,     maka                    be readily determined, using incremental
         menggunakan suku bunga pinjaman                             borrowing rate. Generally, the Group uses
         inkremental. Pada umumnya, Grup                             its incremental borrowing rate as the
         menggunakan      suku     bunga pinjaman                    discount rate.
         inkremental    sebagai    tingkat  bunga
         diskonto.

         Pembayaran sewa yang termasuk dalam                         Lease payments included in the
         pengukuran liabilitas   sewa meliputi                       measurement of the lease liability
         pembayaran berikut ini:                                     comprise the following:

         -   pembayaran         tetap,   termasuk                     -   fixed    payments,   including   in-
             pembayaran tetap secara substansi;                           substance fixed payments;
         -   pembayaran sewa variabel yang                            -   variable lease payments that depend
             bergantung pada indeks atau suku                             on an index or a rate, initially
             bunga yang pada awalnya diukur                               measured using the index or rate as
             dengan menggunakan indeks atau                               at the commencement date;
             suku bunga pada tanggal permulaan;
         -   jumlah yang diperkirakan akan                            -   amount expected to be payable
             dibayarkan oleh penyewa dengan                               under a residual value guarantee;
             jaminan nilai residual;
         -   harga eksekusi opsi beli jika Grup                       -   the exercise price under a purchase
             cukup pasti untuk mengeksekusi opsi                          option that the Group is reasonably
             tersebut; dan                                                certain to exercise; and
         -   penalti karena penghentian awal sewa                     -   penalties for early termination of a
             kecuali jika Grup cukup pasti untuk                          lease unless the Group is reasonably
             tidak menghentikan lebih awal.                               certain not to terminate early.

         Pembayaran sewa dialokasikan menjadi                        Each lease payment is allocated between
         bagian pokok dan biaya keuangan. Biaya                      the liability and finance cost. The finance
         keuangan dibebankan pada laba rugi                          cost is charged to profit or loss over the
         selama      periode   sewa      sehingga                    lease period so as to produce a constant
         menghasilkan tingkat suku bunga periodik                    periodic rate of interest on the remaining
         yang konstan atas saldo liabilitas untuk                    balance of the liability for each period.
         setiap periode.

         Jika sewa mengalihkan kepemilikan aset                      If the lease transfers ownership of the
         pendasar kepada Grup pada akhir masa                        underlying asset to the Group by the end
         sewa atau jika biaya perolehan aset hak-                    of the lease term or if the cost of the right-
         guna      merefleksikan    Grup     akan                    of-use assets reflects that the Group will
         mengeksekusi opsi beli, maka Grup                           exercise a purchase option, the Group
         menyusutkan aset hak-guna dari tanggal                      depreciates the right-of-use assets from
         permulaan hingga akhir umur manfaat aset                    the commencement date to the end of the
         pendasar. Jika tidak, maka Grup                             useful life of the underlying asset.
         menyusutkan aset hak-guna dari tanggal                      Otherwise, the Group depreciates the
         permulaan hingga tanggal yang lebih awal                    right-of-use     assets        from        the
         antara akhir umur manfaat aset hak-guna                     commencement date to the earlier of the
         atau akhir masa sewa.                                       end of the useful life of the right-of-use
                                                                     assets or the end of the lease term.



                                                     - 31 -
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PT DUTA PERTIWI Tbk DAN ENTITAS ANAK                          PT DUTA PERTIWI Tbk AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                      Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                         For the Years Ended
31 Desember 2023 dan 2022                                                       December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                       (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                           unless Otherwise Stated)


         Sewa jangka-pendek                                          Short-term leases

         Grup memutuskan untuk tidak mengakui                        The Group has elected not to recognize
         aset hak-guna dan liabilitas sewa untuk                     right-of-use assets and lease liabilities for
         sewa jangka- pendek yang memiliki masa                      short- term leases that have a lease term
         sewa 12 bulan atau kurang. Grup                             of 12 months or less. The Group
         mengakui pembayaran sewa atas sewa                          recognizes the lease payments associated
         tersebut sebagai beban dengan dasar                         with these leases as an expense on a
         garis lurus selama masa sewa.                               straight-line basis over the lease term.

         Modifikasi sewa                                             Lease modification

         Grup mencatat modifikasi sewa sebagai                       The Group accounts for a lease
         sewa terpisah jika:                                         modification as a separate lease if both:

         -   modifikasi   meningkatkan ruang                          -   the modification increases the scope
             lingkup sewa dengan menambahkan                              of the lease by adding the right to
             hak untuk menggunakan satu aset                              use one or more underlying assets;
             pendasar atau lebih; dan                                     and

         -   imbalan sewa meningkat sebesar                           -   the consideration for the lease
             jumlah yang setara dengan harga                              increases      by     an     amount
             tersendiri untuk peningkatan dalam                           commensurate with the stand-alone
             ruang lingkup dan penyesuaian yang                           price for the increase in scope and
             tepat pada harga tersendiri tersebut                         any appropriate adjustments to that
             untuk merefleksikan kondisi kontrak                          stand-alone price to reflect the
             tertentu.                                                    circumstances of the particular
                                                                          contract.

         Untuk modifikasi sewa yang tidak dicatat                    For a lease modification that is not
         sebagai sewa terpisah, pada tanggal                         accounted for a separate lease, at the
         efektif modifikasi sewa, Grup:                              effective date of the lease modification,
                                                                     the Group:

         -   mengukur       kembali          dan                      -   remeasures and         allocates the
             mengalokasikan  imbalan      kontrak                         consideration in       the    modified
             modifikasian;                                                contract;

         -   menentukan masa sewa dari sewa                           -   determine the lease term of the
             modifikasian;                                                modified lease;

         -   mengukur kembali liabilitas sewa                         -   remeasures the lease liability by
             dengan mendiskontokan pembayaran                             discounting the revised lease
             sewa revisi menggunakan tingkat                              payments using a revised discount
             diskonto revisi berdasarkan sisa umur                        rate on the basis of the remaining
             sewa dan sisa pembayaran sewa                                lease term and the remaining lease
             dengan     melakukan      penyesuaian                        payment with a corresponding
             terhadap aset hak-guna. Tingkat                              adjustment to the right-of-use assets.
             diskonto revisi ditentukan sebagai                           The revised discount rate is
             suku bunga pinjaman inkremental                              determined      as     the      Group’s
             Grup pada tanggal efektif modifikasi;                        incremental borrowing rate at the
                                                                          effective date of modification;




                                                     - 32 -
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PT DUTA PERTIWI Tbk DAN ENTITAS ANAK                               PT DUTA PERTIWI Tbk AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                           Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                              For the Years Ended
31 Desember 2023 dan 2022                                                            December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                            (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                unless Otherwise Stated)


         -    menurunkan jumlah tercatat aset                              -    decreases the carrying amount of the
              hak-guna      untuk    merefleksikan                              right-of-use asset to reflect the partial
              penghentian       sebagian      atau                              or full termination of the lease for
              sepenuhnya sewa untuk modifikasi                                  lease modifications that decrease the
              sewa yang menurunkan ruang lingkup                                scope of the lease. The Group
              sewa. Grup mengakui dalam laba rugi                               recognize in profit or loss any gain or
              setiap laba rugi yang terkait dengan                              loss relating to the partial or full
              penghentian       sebagian      atau                              termination of the lease; and
              sepenuhnya sewa tersebut; dan

         -    membuat penyesuaian terkait dengan                           -    makes a corresponding adjustment
              aset    hak-guna     untuk  seluruh                               to the right-of-use assets for all other
              modifikasi sewa lainnya.                                          lease modifications.

         Sebagai pesewa                                                    As lessor

         Ketika Grup bertindak sebagai pesewa,                             When the Group acts as a lessor, it shall
         Grup    mengklasifikasi masing-masing                             classify each of its leases as either an
         sewanya baik sewa operasi atau sewa                               operating lease or a financial lease.
         pembiayaan.

         Untuk mengklasifikasi masing-masing                               To classify each lease, the Group makes
         sewa, Grup membuat penilaian secara                               an overall assessment of whether the
         keseluruhan       atas    apakah    sewa                          lease transfers substantially all of the risks
         mengalihkan secara substansial seluruh                            and rewards incidental to ownership of the
         risiko dan manfaat yang terkait dengan                            underlying asset. If this is the case, then
         kepemilikan aset pendasar. Jika penilaian                         the lease is classified as a finance lease; if
         membuktikan hal tersebut, maka sewa                               not, then it is an operating lease. As part
         diklasifikasikan sebagai sewa pembiayaan;                         of this assessment, the Group consider
         jika tidak maka, merupakan sewa operasi.                          certain indicators such as whether the
         Sebagai bagian dari penilaian ini, Grup                           lease term is for the major part of the
         mempertimbangkan beberapa indikator                               economic life of the asset.
         seperti apakah masa sewa adalah
         sebagian besar dari umur ekonomik aset
         pendasar.

    s.   Goodwill                                                     s.   Goodwill

         Goodwill merupakan selisih lebih biaya                            Goodwill represents the excess of the cost
         perolehan akuisisi atas nilai wajar                               of an acquisition over the fair value of the
         kepemilikan Grup pada aset teridentifikasi                        Group’s share of the net identifiable
         milik entitas anak yang diakuisisi pada                           assets of the acquired subsidiary at the
         tanggal akuisisi. Goodwill diuji penurunan                        date of acquisition. Goodwill is tested
         nilainya setiap tahun dan dicatat sebesar                         annually for impairment and carried at cost
         biaya      perolehan    dikurangi     dengan                      less accumulated impairment losses.
         akumulasi penurunan nilai. Penurunan nilai                        Impairment losses on goodwill are not
         goodwill      tidak    dapat       dipulihkan.                    reversed. Gains and losses on the
         Keuntungan atau kerugian yang diakui                              disposal of an entity include the carrying
         pada saat pelepasan entitas anak harus                            amount of goodwill relating to the entity
         memperhitungkan nilai tercatat goodwill                           sold.
         dari entitas anak yang dijual tersebut.

         Goodwill dialokasikan ke UPK untuk tujuan                         Goodwill is allocated to CGU for the
         uji penurunan nilai. Alokasi dilakukan ke                         purpose of impairment testing. The
         UPK atau kelompok UPK yang diharapkan                             allocation is made to those CGU or groups
         akan mendapat manfaat dari kombinasi                              of CGU that are expected to benefit from
         bisnis yang menimbulkan goodwill tersebut.                        the business combination in which the
                                                                           goodwill arose.




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PT DUTA PERTIWI Tbk DAN ENTITAS ANAK                               PT DUTA PERTIWI Tbk AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                           Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                              For the Years Ended
31 Desember 2023 dan 2022                                                            December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                            (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                unless Otherwise Stated)


    t.   Distribusi Dividen                                           t.   Dividend Distribution

         Distribusi dividen kepada pemegang saham                          Dividend distribution to the Group’s
         Grup diakui sebagai liabilitas dalam laporan                      stockholders is recognized as a liability in
         keuangan konsolidasian dalam periode                              the consolidated financial statements in
         saat dividen tersebut disetujui oleh                              the period in which the dividends are
         pemegang saham Grup.                                              approved by the Group’s stockholders.

    u.   Penurunan Nilai Aset Non-Keuangan                            u.   Impairment of Non-Financial Assets

         Pada setiap akhir periode pelaporan                               The Group assesses at each annual
         tahunan, Grup menelaah apakah terdapat                            reporting period whether there is an
         indikasi suatu aset mengalami penurunan                           indication that an asset may be impaired.
         nilai. Jika terdapat indikasi tersebut atau                       If any such indication exists, or when
         pada saat uji tahunan penurunan nilai aset                        annual impairment testing for an asset is
         perlu dilakukan, maka Grup membuat                                required, the Group makes an estimate of
         estimasi jumlah terpulihkan aset tersebut.                        the asset’s recoverable amount.

         Jika nilai tercatat aset lebih besar daripada                     Where the carrying amount of an asset
         nilai terpulihkannya, maka aset tersebut                          exceeds its recoverable amount, the asset
         dinyatakan mengalami penurunan nilai                              is considered impaired and impairment
         dan rugi penurunan nilai diakui dalam laba                        losses are recognized in profit or loss. In
         rugi. Dalam menghitung nilai pakai,                               assessing the value in use, the estimated
         estimasi arus kas masa depan bersih                               net future cash flows are discounted to
         didiskontokan ke nilai kini dengan                                their present value using a pre-tax
         menggunakan tingkat diskonto sebelum                              discount rate that reflects current market
         pajak yang mencerminkan penilaian pasar                           assessments of the time value of money
         kini dari nilai waktu uang dan risiko spesifik                    and the risks specific to the asset.
         atas aset.

         Penelaahan dilakukan pada akhir setiap                            An assessment is made at each reporting
         periode pelaporan untuk mengetahui                                period as to whether there is any
         apakah terdapat indikasi bahwa rugi                               indication that previously recognized
         penurunan nilai aset yang telah diakui                            impairment losses recognized for an asset
         dalam periode sebelumnya mungkin tidak                            may no longer exist or may have
         ada lagi atau mungkin telah menurun. Jika                         decreased. If such indication exists, the
         indikasi dimaksud ditemukan, maka Grup                            recoverable amount is estimated. A
         mengestimasi jumlah terpulihkan aset                              previously recognized impairment loss for
         tersebut. Kerugian penurunan nilai yang                           an asset is reversed in profit or loss to the
         diakui dalam periode sebelumnya akan                              extent that the carrying amount of the
         dipulihkan apabila nilai tercatat aset tidak                      assets does not exceed its recoverable
         melebihi jumlah terpulihkannya maupun                             amount nor exceed the carrying amount
         nilai tercatat, neto setelah penyusutan,                          that would have been determined, net of
         seandainya tidak ada rugi penurunan nilai                         depreciation, had no impairment loss been
         yang telah diakui untuk aset tersebut                             recognized for the asset in prior periods.
         pada periode-periode sebelumnya. Setelah                          After such a reversal, the depreciation
         pemulihan tersebut, penyusutan aset                               charge on the said asset is adjusted in
         tersebut disesuaikan di periode mendatang                         future periods to allocate the asset’s
         untuk mengalokasikan nilai tercatat aset                          revised carrying amount, less any residual
         yang direvisi, dikurangi nilai sisanya,                           value, on a systematic basis over its
         dengan dasar yang sistematis selama sisa                          remaining useful life.
         umur manfaatnya.




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PT DUTA PERTIWI Tbk DAN ENTITAS ANAK                            PT DUTA PERTIWI Tbk AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                        Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                           For the Years Ended
31 Desember 2023 dan 2022                                                         December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                         (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                             unless Otherwise Stated)


    v.   Pengakuan Pendapatan dan Beban                            v.   Revenue and Expense Recognition

         Pengakuan Pendapatan                                           Revenue Recognition

         Pendapatan dari kontrak dengan pelanggan                       Revenue from contracts with customers

         Grup menerapkan PSAK No. 72 yang                               The Group has applied PSAK No. 72,
         mensyaratkan pengakuan pendapatan                              which requires revenue recognition to fulfill
         harus memenuhi 5 langkah analisa sebagai                       5 steps of assessment:
         berikut:

         1. Identifikasi kontrak dengan pelanggan.                      1. Identify contract(s) with a customer.

         2. Identifikasi kewajiban pelaksanaan                          2. Identify the performance obligations in
            dalam kontrak. Kewajiban pelaksanaan                           the contract. Performance obligations
            merupakan janji-janji dalam kontrak                            are promises in a contract to transfer
            untuk menyerahkan barang atau jasa                             to a customer goods or services that
            yang memiliki karakteristik berbeda ke                         are distinct.
            pelanggan.

         3. Penetapan harga transaksi. Harga                            3. Determine the transaction price.
            transaksi merupakan jumlah imbalan                             Transaction price is the amount of
            yang      berhak     diperoleh   suatu                         consideration to which an entity
            entitas sebagai kompensasi atas                                expects to be entitled in exchange for
            diserahkannya barang atau jasa yang                            transferring promised goods or
            dijanjikan ke pelanggan. Jika imbalan                          services to a customer. If the
            yang dijanjikan di kontrak mengandung                          consideration promised in a contract
            suatu jumlah yang bersifat variable,                           includes a variable amount, the Group
            maka Grup membuat estimasi jumlah                              estimates the amount of consideration
            imbalan tersebut sebesar jumlah yang                           to which it expects to be entitled in
            diharapkan berhak diterima atas                                exchange      for    transferring   the
            diserahkannya barang atau jasa yang                            promised goods or services to a
            dijanjikan ke pelanggan dikurangi                              customer less the estimated amount
            dengan estimasi jumlah jaminan kinerja                         of service level guarantee which will
            jasa yang akan dibayarkan selama                               be paid during the contract period.
            periode kontrak.

         4. Alokasi harga transaksi ke setiap                           4. Allocate the transaction price to each
            kewajiban       pelaksanaan      dengan                        performance obligation on the basis
            menggunakan dasar harga jual berdiri                           of the relative stand-alone selling
            sendiri relatif dari setiap barang atau                        prices of each distinct goods or
            jasa berbeda yang dijanjikan di kontrak.                       services promised in the contract.
            Ketika tidak dapat diamati secara                              Where      this   are   not     directly
            langsung, harga jual berdiri sendiri                           observable, the relative stand-alone
            relatif diperkirakan berdasarkan biaya                         selling price are estimated based on
            yang diharapkan ditambah marjin.                               expected cost plus margin.

         5. Pengakuan       pendapatan       Ketika                     5. Recognize         revenue        when
            kewajiban pelaksanaan telah dipenuhi                           performance obligation is satisfied by
            dengan menyerahkan barang atau jasa                            transferring a promised goods or
            yang dijanjikan ke pelanggan (ketika                           services to a customer (which is when
            pelanggan telah memiliki pengendalian                          the customer obtains control of that
            atas barang atau jasa tersebut).                               goods or services).




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PT DUTA PERTIWI Tbk DAN ENTITAS ANAK                            PT DUTA PERTIWI Tbk AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                        Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                           For the Years Ended
31 Desember 2023 dan 2022                                                         December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                         (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                             unless Otherwise Stated)


        Kewajiban pelaksanaan dapat dipenuhi                           A performance obligation may be satisfied
        dengan 2 cara, yakni:                                          at the following:

        1.    Suatu titik waktu (umumnya janji untuk                   1.    A point in time (typically for promises
              menyerahkan barang ke pelanggan);                              to transfer goods to a customer); or
              atau

        2.    Suatu periode waktu (umumnya janji                       2.    Over time (typically for promises to
              untuk     menyerahkan     jasa    ke                           transfer services to a customer). For
              pelanggan).      Untuk     kewajiban                           a performance obligation satisfied
              pelaksanaan yang dipenuhi dalam                                over time, the Group selects an
              suatu periode waktu, Grup memilih                              appropriate measure of progress to
              ukuran penyelesaian yang sesuai                                determine the amount of revenue
              untuk penentuan jumlah pendapatan                              that should be recognized as the
              yang harus diakui karena telah                                 performance obligation is satisfied.
              terpenuhi kewajiban pelaksanaan.

        Pembayaran harga transaksi berbeda untuk                       Payment of the transaction price is
        setiap kontrak. Aset kontrak diakui ketika                     different for each contract. A contract
        jumlah penerimaan dari pelanggan kurang                        asset     is     recognized     once   the
        dari saldo kewajiban pelaksanaan yang                          consideration paid by customer is less
        telah dipenuhi. Kewajiban kontrak diakui                       than the balance of performance
        ketika jumlah penerimaan dari pelanggan                        obligation which has been satisfied. A
        lebih dari saldo kewajiban pelaksanaan                         contract liability is recognized once the
        yang telah dipenuhi. Liabilitas kontrak                        consideration paid by customer is more
        disajikan sebagai "Liabilitas kontrak” pada                    than the balance of performance
        laporan posisi keuangan konsolidasian.                         obligation which has been satisfied.
                                                                       Contract liabilities are presented as
                                                                       "Contract liabilities” in the consolidated
                                                                       statements of financial position.

        Kewajiban Grup terhadap kontrak dengan                         The obligation of the Group from the
        pelanggan       sehubungan        dengan                       contracts with customers relating to below
        pendapatan dibawah ini ditentukan sebagai                      revenues are determined to be a single
        kewajiban pelaksanaan tunggal yang                             performance obligations which satisfied at
        dipenuhi pada suatu titik waktu:                               a point in time:

        •    Pendapatan dari penjualan persediaan                      •    Revenues from sale of real estate
             real    estat     diakui   pada    saat                        inventories are recognized when the
             pengendalian atas persediaan real estat                        control over the real estate inventories
             telah dialihkan kepada pelanggan.                              has been transferred to customers.

        •    Pendapatan jasa pelayanan diakui pada                     •    Service revenues are recognized when
             saat jasa diberikan.                                           services are rendered.

        •    Pendapatan     kamar    hotel  diakui                     •    Hotel room revenues are based on
             berdasarkan tingkat hunian sementara                           actual room occupancy, while other
             pendapatan hotel lainnya diakui pada                           hotel revenues are recognized when
             saat barang atau jasa telah diberikan                          goods are delivered or when services
             kepada pelanggan.                                              are rendered to hotel guests.

        •    Pendapatan dari iuran keanggotaan                         •    Club    membership     revenue  is
             klub diakui sesuai dengan periode                              recognized based on the membership
             keanggotaan.                                                   period.

        Pendapatan Sewa                                                Rental Revenues

        Pendapatan sewa        diakui   berdasarkan                    Rental revenue is recognized on a
        berlalunya waktu.                                              straight-line basis over the term of the
                                                                       lease contract.



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PT DUTA PERTIWI Tbk DAN ENTITAS ANAK                           PT DUTA PERTIWI Tbk AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                       Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                          For the Years Ended
31 Desember 2023 dan 2022                                                        December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                        (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                            unless Otherwise Stated)


        Pendapatan Bunga                                              Interest Income

        Pendapatan    bunga   dari   instrumen                        Interest income from all financial
        keuangan diakui dalam laba rugi secara                        instruments are recognized in profit or loss
        akrual menggunakan metode suku bunga                          on accrual basis using the effective
        efektif.                                                      interest rate method.

        Pengakuan Beban                                               Expense Recognition

        Biaya penambahan yang secara langsung                         The incremental costs that directly relate
        berhubungan untuk mendapatkan kontrak                         to obtaining a contract (“cost to obtain”)
        ("biaya untuk memperoleh") dan diharapkan                     and are expected to be recovered are
        dapat dipulihkan, biaya tersebut dengan                       eligible for capitalization under PSAK
        demikian memenuhi syarat kapitalisasi                         No. 72 and included as part of “prepaid
        berdasarkan PSAK No. 72 dan termasuk                          expenses” account. Such costs are
        sebagai bagian dari akun “biaya dibayar                       recognized in profit or loss upon transfer
        dimuka”. Beban tersebut diakui pada laba                      of the goods or services to which such
        rugi pada saat penyerahan barang atau                         asset relates.
        jasa yang terkait dengan aset tersebut.

        Beban pokok penjualan diakui pada saat                        Cost of sales are recognized when
        terjadinya (metode akrual). Termasuk                          incurred (accrual method). Cost of sales
        didalam beban pokok penjualan adalah                          includes estimated costs for future
        taksiran beban untuk pengembangan                             development of amenities on land that is
        prasarana di masa yang akan datang atas                       already sold.
        tanah yang telah terjual.

        Beban diakui pada saat terjadinya (accrual                    Expenses are recognized when incurred
        basis).                                                       (accrual basis).

        Beban bunga dari instrumen keuangan                           Interest expense for all financial
        diakui dalam laba rugi secara akrual                          instruments are recognized in profit or loss
        menggunakan metode suku bunga efektif.                        on accrual basis using the effective
                                                                      interest rate method.

    w. Biaya Pinjaman                                             w. Borrowing Costs

        Biaya pinjaman yang dapat diatribusikan                       Borrowing costs which are directly
        secara langsung dengan perolehan,                             attributable    to     the     acquisition,
        konstruksi,     atau     pembuatan     aset                   construction, or production of qualifying
        kualifikasian dikapitalisasi sebagai bagian                   assets are capitalized as part of the
        dari biaya perolehan aset tersebut. Biaya                     acquisition cost of the qualifying assets.
        pinjaman lainnya diakui sebagai beban                         Other borrowing costs are recognized as
        pada saat terjadinya.                                         expenses in the period in which they are
                                                                      incurred.

        Jika Grup meminjam dana secara khusus                         To the extent that the Group borrows
        untuk tujuan memperoleh aset kualifikasian,                   funds specifically for the purpose of
        maka entitas menentukan jumlah biaya                          obtaining a qualifying asset, the entity
        pinjaman yang layak dikapitalisasikan                         determines the amount of borrowing costs
        sebesar biaya pinjaman aktual yang terjadi                    eligible for capitalization as the actual
        selama      tahun    berjalan     dikurangi                   borrowing costs incurred on that borrowing
        penghasilan investasi atas investasi                          during the year less any investment
        sementara dari pinjaman tersebut.                             income on the temporary investment of
                                                                      those borrowings.

        Jika pengembangan aktif atas aset                             The Group suspends capitalization of
        kualifikasian       dihentikan,       Grup                    borrowing costs during extended periods
        menghentikan kapitalisasi biaya pinjaman                      in which it suspends active development
        selama      periode   yang     diperpanjang                   of a qualifying asset.
        tersebut.




                                                      - 37 -
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PT DUTA PERTIWI Tbk DAN ENTITAS ANAK                             PT DUTA PERTIWI Tbk AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                         Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                            For the Years Ended
31 Desember 2023 dan 2022                                                          December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                          (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                              unless Otherwise Stated)


         Kapitalisasi biaya pinjaman dihentikan saat                     The Group ceases capitalizing borrowing
         selesainya secara subtansi seluruh aktivitas                    costs when substantially all the activities
         yang diperlukan untuk mempersiapkan aset                        necessary to prepare the qualifying asset
         kualifikasian agar dapat digunakan atau                         for its intended use or sale are complete.
         dijual sesuai dengan maksudnya.

    x.   Imbalan Kerja                                              x.   Employee Benefits

         Liabilitas Imbalan Kerja Jangka Pendek                          Short-term Employee Benefits Liability

         Imbalan kerja jangka pendek diakui                              Short-term      employee     benefits  are
         sebesar jumlah yang tak-terdiskonto                             recognized at its undiscounted amount as
         sebagai liabilitas pada laporan posisi                          a liability after deducting any amount
         keuangan konsolidasian setelah dikurangi                        already paid in the consolidated statement
         dengan jumlah yang telah dibayar dan                            of financial position and as an expense in
         sebagai beban dalam laba rugi.                                  profit or loss.

         Liabilitas Imbalan Kerja Jangka Panjang                         Long-term Employee Benefits Liability

         Liabilitas imbalan kerja jangka panjang                         Long-term employee benefits liability
         merupakan manfaat pasti yang dibentuk                           represents post-employment benefits,
         dengan       pendanaan     khusus   melalui                     funded defined-benefit plans through a
         program dana pensiun dan didasarkan                             certain pension fund which amounts are
         pada masa kerja dan jumlah penghasilan                          determined based on years of service and
         karyawan pada saat pensiun yang dihitung                        salaries of the employees at the time of
         menggunakan metode Projected Unit                               pension and calculated using the
         Credit. Pengukuran kembali liabilitas                           Projected Unit Credit. Remeasurement is
         imbalan pasti langsung diakui dalam                             reflected immediately in the consolidated
         laporan posisi keuangan konsolidasian dan                       statement of financial position with a
         penghasilan komprehensif lain pada                              charge or credit recognized in other
         periode terjadinya dan tidak akan                               comprehensive income in the period in
         direklasifikasi ke laba rugi, namun menjadi                     which they occur and not to be reclassified
         bagian dari saldo laba. Biaya liabilitas                        to profit or loss but reflected immediately
         imbalan pasti lainnya terkait dengan                            in retained earnings. All other costs
         program imbalan pasti diakui dalam laba                         related to the defined-benefit plan are
         rugi.                                                           recognized in profit or loss.

         Pada tanggal 2 Februari 2021, Pemerintah                        On February 2, 2021, the Government
         mengundangkan       dan    memberlakukan                        promulgated    Government       Regulation
         Peraturan Pemerintah Nomor 35 Tahun                             Number 35 Year 2021 (PP 35/2021) to
         2021 (PP 35/2021) untuk melaksanakan                            implement the provisions of Article 81 and
         ketentuan Pasal 81 dan Pasal 185 (b) UU                         Article 185 (b) of Law No. 11/2020
         No. 11/2020 mengenai Cipta Kerja yang                           concerning Job Creation (Cipta Kerja),
         bertujuan untuk menciptakan lapangan                            which aims to create the widest possible
         kerja yang seluas-luasnya.                                      employment opportunities.

         Presiden    Republik     Indonesia   telah                      The President of the Republic of
         menetapkan       Peraturan     Pemerintah                       Indonesia    has    issued   Government
         Pengganti Undang-Undang No. 2 Tahun                             Regulation in Lieu of Law No. 2 of 2022
         2022 tentang Cipta Kerja (Perppu Cipta                          concerning Job Creation (Perppu Cipta
         Kerja 2/2022) pada tanggal 30 Desember                          Kerja 2/2022) on December 30, 2022
         2022 yang merupakan pelaksanaan dari                            which is the implementation of the
         Putusan MK Nomor 91/PUU-XVIII/2020.                             Constitutional Court’s Decision Number
         Dengan berlakunya Perppu ini, UU                                91/PUU-XVIII/2020. With the enactment of
         No. 11/2020 tentang Cipta Kerja dicabut                         this Perppu, Law No. 11/2020 concerning
         dan dinyatakan tidak berlaku. Perppu Cipta                      Job Creation is repealed and declared
         Kerja 2/2022 telah ditetapkan menjadi                           invalid. Perppu Cipta Kerja 2/2022 has
         Undang-Undang pada tanggal 31 Maret                             been enacted into law on March 31, 2023,
         2023 berdasarkan Undang-Undang No. 6                            based on Law No. 6 of 2023.
         Tahun 2023.




                                                        - 38 -
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PT DUTA PERTIWI Tbk DAN ENTITAS ANAK                            PT DUTA PERTIWI Tbk AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                        Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                           For the Years Ended
31 Desember 2023 dan 2022                                                         December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                         (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                             unless Otherwise Stated)


         Penyisihan         dihitung         dengan                     The provision has been calculated by
         membandingkan manfaat yang akan                                comparing the benefit that will be received
         diterima oleh karyawan pada umur wajar                         by an employee at normal pension age
         pensiun dari dana pensiun dengan manfaat                       from the pension plan with the benefit
         yang diatur dalam UU No. 6 setelah                             as stipulated under the Law No. 6 after
         dikurangi     akumulasi   kontribusi   dari                    deduction of accumulated employee
         karyawan dan hasil investasi yang                              contributions and the related investment
         berkaitan. Jika manfaat dana pensiun yang                      results. If the employer- funded portion of
         didanai pemberi kerja lebih kecil dari                         the pension plan benefit is less than the
         manfaat sesuai UU No. 6, Grup akan                             benefit as required by the Law No. 6, the
         menyediakan kekurangannya.                                     Group will provide for such shortage.

         Pesangon Pemutusan Kontrak Kerja                               Termination Benefits

         Pesangon pemutusan kontrak terutang                            Termination    benefits    are   payable
         ketika    karyawan     dihentikan   kontrak                    whenever an employee’s employment is
         kerjanya sebelum usia pensiun normal.                          terminated before the normal retirement
         Grup mengakui pesangon pemutusan                               date. The Group recognizes termination
         kontrak kerja ketika Grup menunjukkan                          benefits when it is demonstrably
         komitmennya       untuk     memberhentikan                     committed to terminate the employment of
         kontrak     kerja     dengan      karyawan                     current employees according to a detailed
         berdasarkan     suatu     rencana    formal                    formal plan with a low possibility of
         terperinci yang kecil kemungkinan untuk                        withdrawal.
         dibatalkan.

    y.   Pajak Penghasilan                                         y.   Income Tax

         Pajak Kini                                                     Current Tax

         Beban pajak kini ditentukan berdasarkan                        Current tax expense is determined based
         laba kena pajak dalam tahun yang                               on the taxable income for the year
         bersangkutan yang dihitung berdasarkan                         computed using prevailing tax rates.
         tarif pajak yang berlaku.

         Pajak Tangguhan                                                Deferred Tax

         Pajak tangguhan diakui sebagai liabilitas                      Deferred tax is provided using the liability
         jika terdapat perbedaan temporer kena                          method on temporary differences between
         pajak yang timbul dari perbedaan antara                        the tax bases of assets and liabilities and
         dasar pengenaan pajak aset dan liabilitas                      their carrying amounts for financial
         dengan jumlah tercatatnya pada tanggal                         reporting purposes at the reporting date.
         pelaporan.

         Aset pajak tangguhan diakui untuk seluruh                      Deferred tax assets are recognized for all
         perbedaan      temporer       yang   dapat                     deductible temporary differences and the
         dikurangkan dan rugi fiskal yang dapat                         carry forward benefit of any unused tax
         dikompensasikan. Aset pajak tangguhan                          losses.      Deferred    tax    assets      are
         diakui dan direviu pada setiap tanggal                         recognized and reviewed at each
         pelaporan     atau     diturunkan   jumlah                     reporting date and reduced to the extent
         tercatatnya, sepanjang kemungkinan besar                       that it is probable that taxable profit will be
         laba     kena    pajak     tersedia  untuk                     available against which the deductible
         pemanfaatan perbedaan temporer yang                            temporary differences and the carry
         dapat dikurangkan dan rugi fiskal yang                         forward benefit of unused tax losses can
         dapat dikompensasikan.                                         be utilized.




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PT DUTA PERTIWI Tbk DAN ENTITAS ANAK                              PT DUTA PERTIWI Tbk AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                          Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                             For the Years Ended
31 Desember 2023 dan 2022                                                           December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                           (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                               unless Otherwise Stated)


         Aset dan liabilitas pajak tangguhan diukur                       Deferred tax assets and liabilities are
         dengan menggunakan tarif pajak yang                              measured at the tax rates that are
         diharapkan berlaku ketika aset dipulihkan                        expected to apply in the year when the
         atau liabilitas diselesaikan, berdasarkan                        asset is realized or the liability is settled,
         tarif pajak (atau peraturan pajak) yang telah                    based on tax rates (or tax laws) that have
         berlaku atau secara substantif telah berlaku                     been enacted or substantively enacted at
         pada tanggal pelaporan.                                          the reporting date.

         Aset pajak tangguhan dan liabilitas pajak                        Deferred tax assets and deferred tax
         tangguhan saling hapus jika dan hanya jika,                      liabilities are offset if and only if, a legally
         terdapat hak yang dipaksakan secara                              enforceable right exists to set off current
         hukum untuk melakukan saling hapus aset                          tax assets against current tax liabilities
         pajak kini terhadap liabilitas pajak kini dan                    and the deferred taxes relate to the same
         pajak tangguhan tersebut terkait dengan                          taxable entity and the same taxation
         entitas kena pajak yang sama dan                                 authority.
         dikenakan oleh otoritas perpajakan yang
         sama.

    z.   Biaya Emisi Saham                                           z.   Stock Issuance Costs

         Biaya emisi saham disajikan sebagai                              Stock issuance costs are deducted from
         bagian dari akun tambahan modal disetor                          additional paid-in capital and are not
         dan tidak diamortisasi.                                          amortized.

    aa. Laba per Saham                                               aa. Earnings Per Share

         Laba per saham dasar dihitung dengan                             Basic earnings per share are computed by
         membagi       laba bersih yang dapat                             dividing profit attributable to owners of the
         diatribusikan kepada pemilik entitas induk                       Company by the weighted average
         dengan jumlah rata-rata tertimbang saham                         number of shares outstanding during the
         yang      beredar  pada      tahun    yang                       year.
         bersangkutan.

    bb. Informasi Segmen                                             bb. Segment Information

         Informasi segmen disusun sesuai dengan                           Segment information is prepared using the
         kebijakan akuntansi yang dianut dalam                            accounting policies adopted for preparing
         penyusunan    dan    penyajian  laporan                          and presenting the consolidated financial
         keuangan konsolidasian.                                          statements.

         Segmen operasi diidentifikasi berdasarkan                        Operating segments are identified on the
         laporan internal atas komponen-komponen                          basis of internal reports about components
         Grup yang secara berkala dilaporkan                              of the Group that are regularly reviewed
         kepada pengambil keputusan operasional                           by the chief operating decision maker in
         dalam rangka alokasi sumber daya ke                              order to allocate resources to the
         dalam segmen dan penilaian kinerja Grup.                         segments       and     to    assess   their
                                                                          performances.

    cc. Provisi                                                      cc. Provisions

         Provisi diakui jika Grup mempunyai                               Provisions are recognized when the Group
         kewajiban kini (hukum maupun konstruktif)                        has     present    obligation    (legal   or
         sebagai akibat peristiwa masa lalu, yang                         constructive) as a result of a past event, it
         memungkinkan Grup harus menyelesaikan                            is probable that the Group will be required
         kewajiban tersebut dan estimasi yang andal                       to settle the obligation, and a reliable
         mengenai jumlah kewajiban tersebut dapat                         estimate can be made of the amount of
         dibuat.                                                          the obligation.




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PT DUTA PERTIWI Tbk DAN ENTITAS ANAK                              PT DUTA PERTIWI Tbk AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                          Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                             For the Years Ended
31 Desember 2023 dan 2022                                                           December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                           (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                               unless Otherwise Stated)


          Jumlah yang diakui sebagai provisi                               The amount recognized as a provision is
          adalah hasil estimasi terbaik pengeluaran                        the best estimate of the consideration
          yang diperlukan untuk menyelesaikan                              required to settle the obligation at the
          kewajiban kini pada tanggal pelaporan,                           reporting date, taking into account the
          dengan mempertimbangkan risiko dan                               risks and uncertainties surrounding the
          ketidakpastian terkait kewajiban tersebut.                       obligation.


3.   Penggunaan Estimasi, Pertimbangan, dan                      3.   Management Use of Estimates, Judgments,
     Asumsi Manajemen                                                 and Assumptions

     Dalam penerapan kebijakan akuntansi Grup,                        In the application of the Group’s accounting
     seperti yang diungkapkan dalam Catatan 2                         policies, which are described in Note 2 to the
     pada      laporan    keuangan     konsolidasian,                 consolidated        financial       statements,
     manajemen        harus    membuat      estimasi,                 management is required to make estimates,
     pertimbangan, dan asumsi atas nilai tercatat                     judgments, and assumptions about the
     aset dan liabilitas yang tidak tersedia oleh                     carrying amounts of assets and liabilities that
     sumber-sumber lain. Estimasi dan asumsi                          are not readily apparent from other sources.
     tersebut, berdasarkan pengalaman historis dan                    The estimates and assumptions are based on
     faktor lain yang dipertimbangkan relevan.                        historical experience and other factors that are
                                                                      considered to be relevant.

     Manajemen          berkeyakinan      bahwa                       Management believes that the following
     pengungkapan berikut telah mencakup ikhtisar                     represent a summary of the significant
     estimasi, pertimbangan dan asumsi signifikan                     estimates, judgments, and assumptions made
     yang     dibuat   oleh   manajemen,    yang                      that affected certain reported amounts and
     berpengaruh terhadap jumlah-jumlah yang                          disclosures in the consolidated financial
     dilaporkan serta pengungkapan dalam laporan                      statements.
     keuangan konsolidasian.

     Pertimbangan                                                     Judgments

     Pertimbangan-pertimbangan berikut dibuat oleh                    The following judgments are made by
     manajemen dalam proses penerapan kebijakan                       management in the process of applying the
     akuntansi Grup yang memiliki dampak yang                         Group’s accounting policies that have the most
     paling signifikan terhadap jumlah-jumlah yang                    significant effects on the amounts recognized
     diakui dalam laporan keuangan konsolidasian:                     in the consolidated financial statements:

     a.   Pengendalian Bersama pada Pengaturan                        a.   Joint Control in Joint Arrangements
          Bersama

          Pengendalian bersama atas suatu aktivitas                        Joint control over an economic activity
          ekonomi terjadi jika keputusan keuangan                          exists only when the strategic financial
          dan operasional strategis terkait dengan                         and operating decisions relating to the
          aktivitas tersebut mensyaratkan konsensus                        activity require unanimous consent of the
          dari    seluruh    pihak   yang    berbagi                       parties sharing control.
          pengendalian.

          Manajemen Grup menetapkan bahwa Grup                             The Group’s management determined that
          memiliki    pengendalian   atas   ventura                        it has joint control over the joint ventures
          bersama seperti yang diungkapkan pada                            as disclosed in Note 12, since the decision
          Catatan 12, karena keputusan terkait                             on economic activities of these joint
          aktivitas ekonomi pada ventura bersama                           ventures are made by the Group jointly
          dibuat oleh Grup bersama-sama dengan                             with the other venturers.
          pihak-pihak yang berbagi pengendalian.




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PT DUTA PERTIWI Tbk DAN ENTITAS ANAK                            PT DUTA PERTIWI Tbk AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                        Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                           For the Years Ended
31 Desember 2023 dan 2022                                                         December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                         (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                             unless Otherwise Stated)

    b.   Mata Uang Fungsional                                      b.   Functional Currency
         Mata uang fungsional Perusahaan dan                            The functional currency of the Company
         entitas anak adalah mata uang lingkungan                       and its subsidiaries is the currency of the
         ekonomi utama dimana masing-masing                             primary economic environment in which
         entitas beroperasi. Mata uang tersebut                         each of them operates. It is the currency,
         adalah yang paling mempengaruhi harga                          among others, that mainly influences sales
         jual barang dan jasa, dan mata uang dari                       prices for goods and services, and of the
         negara yang kekuatan persaingan dan                            country whose competitive forces and
         peraturannya sebagian besar menentukan                         regulations mainly determine the sales
         harga jual barang dan jasa entitas, dan                        prices of its goods and services, and the
         merupakan mata uang yang mana dana                             currency in which funds from financing
         dari aktivitas pendanaan dihasilkan.                           activities are generated.
    c.   Klasifikasi Aset Keuangan dan Liabilitas                  c.   Classification of Financial Assets and
         Keuangan                                                       Financial Liabilities
         Grup menentukan klasifikasi aset dan                           The Group determines the classifications
         liabilitas tertentu sebagai aset keuangan                      of certain assets and liabilities as financial
         dan liabilitas keuangan dengan menilai                         assets and financial liabilities by judging if
         apakah aset dan liabilitas tersebut                            they meet the definition set forth in PSAK
         memenuhi definisi yang ditetapkan dalam                        No. 71. Accordingly, the financial assets
         PSAK No. 71. Aset keuangan dan liabilitas                      and financial liabilities are accounted for in
         keuangan        dicatat  sesuai    dengan                      accordance with the Group’s material
         informasi kebijakan akuntansi material                         accounting policy information as disclosed
         Grup sebagaimana diungkapkan dalam                             in Note 2.
         Catatan 2.
    d.   Cadangan Kerugian Penurunan Nilai                         d.   Allowance for Impairment
         Grup selalu mengakui kerugian kredit                           The Group always recognizes lifetime
         ekspektasian (ECL) sepanjang umur untuk                        expected credit losses (ECL) for trade
         piutang usaha. Kerugian kredit ekspetasian                     accounts receivable. The expected credit
         atas      aset     keuangan      diestimasi                    losses on these financial assets are
         menggunakan pendekatan tingkat kerugian                        estimated using loss rate approach based
         berdasarkan pengalaman kerugian kredit                         on the Group’s historical credit loss
         historis Grup, disesuaikan dengan kondisi                      experience, adjusted for general economic
         ekonomi umum dan penilaian baik atas                           conditions and an assessment of both the
         kondisi kini maupun perkiraan masa depan                       current as well as the forecast direction of
         pada tanggal pelaporan, termasuk nilai                         conditions at the reporting date, including
         waktu atas uang jika tepat.                                    time value of money where appropriate.
         Untuk semua instrumen keuangan lainnya,                        For all other financial instruments, the
         Grup mengakui ECL sepanjang umur ketika                        Group recognizes lifetime ECL when there
         telah ada peningkatan risiko kredit yang                       has been a significant increase in credit
         signifikan sejak pengakuan awal. Jika                          risk since initial recognition. If, on the other
         sebaliknya, risiko kredit pada instrumen                       hand, the credit risk on the financial
         keuangan tidak meningkat secara signifikan                     instrument has not increased significantly
         sejak pengakuan awal, Grup mengukur                            since initial recognition, the Group
         penyisihan kerugian untuk instrumen                            measures the loss allowance for that
         keuangan tersebut sejumlah ECL 12 bulan.                       financial instrument at an amount equal to
         Penilaian apakah ECL sepanjang umur                            12-month ECL. The assessment of
         harus diakui didasarkan pada peningkatan                       whether      lifetime    ECL       should     be
         signifikan dalam kemungkinan terjadinya                        recognized is based on significant
         atau pada risiko gagal bayar sejak                             increases in the likelihood or risk of a
         pengakuan awal dan bukan didasarkan                            default occurring since initial recognition
         bukti aset keuangan yang mengalami                             instead of on evidence of a financial asset
         kerugian kredit pada tanggal pelaporan                         being credit impaired at the reporting date
         atau kejadian gagal bayar sebenarnya. ECL                      or an actual default occurring. Lifetime
         sepanjang umur merupakan kerugian kredit                       ECL represents the expected credit losses
         ekspetasian yang timbul dari seluruh                           that will result from all possible default
         kemungkinan peristiwa gagal bayar selama                       events over the expected life of a financial
         perkiraan umur instrumen keuangan.                             instrument. In contrast, 12-month ECL
         Sebaliknya, ECL 12 bulan mewakili porsi                        represents the portion of lifetime ECL that
         ECL sepanjang umur yang timbul dari                            is expected to result from default events
         peristiwa gagal bayar pada instrumen                           on a financial instrument that are possible
         keuangan yang mungkin terjadi dalam                            within 12 months after the reporting date.
         12 bulan setelah tanggal pelaporan.


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PT DUTA PERTIWI Tbk DAN ENTITAS ANAK                             PT DUTA PERTIWI Tbk AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                         Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                            For the Years Ended
31 Desember 2023 dan 2022                                                          December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                          (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                              unless Otherwise Stated)

         Suatu evaluasi yang bertujuan untuk                              Evaluation of financial assets to determine
         mengidentifikasi jumlah cadangan kerugian                        the allowance for expected loss to be
         ekspektasian     yang    harus     dibentuk,                     provided is performed periodically in each
         dilakukan secara berkala pada setiap                             reporting period. Therefore, the timing and
         periode pelaporan. Oleh karena itu, saat                         amount of allowance for expected credit
         dan besaran jumlah cadangan kerugian                             loss recorded at each period might differ
         kredit ekspektasian yang tercatat pada                           based on the judgments and estimates
         setiap periode dapat berbeda tergantung                          that are available or valid at each period.
         pada pertimbangan atas informasi yang
         tersedia atau berlaku pada saat itu.

         Nilai tercatat aset keuangan Grup dalam                          The carrying value of the Group’s financial
         kategori yang diukur pada biaya perolehan                        instruments categorized as financial
         diamortisasi tanggal 31 Desember 2023                            assets at amortized cost as of
         dan 2022 adalah sebagai berikut:                                 December 31, 2023 and 2022 follows:

                                                2023                     2022

         Kas dan setara kas                2.875.636.301.739      3.497.490.464.122   Cash and cash equivalents
         Investasi jangka pendek             277.638.312.774        312.107.041.678   Short-term investments
         Piutang usaha - bersih               23.545.226.114         20.840.140.629   Trade accounts receivable - net
         Piutang lain-lain - bersih           29.039.351.292         15.831.045.685   Other accounts receivable - net

         Jumlah                            3.205.859.191.919      3.846.268.692.114   Total

    e.   Komitmen Sewa                                              e.    Lease Commitments

         Grup sebagai penyewa                                             Group as lessee

         Grup telah menandatangani sejumlah                               The Group has entered into various lease
         perjanjian sewa lahan komersial dan                              agreements for commercial spaces and
         inventaris. Grup menentukan bahwa sewa                           commercial machineries and equipment.
         tersebut memenuhi kriteria pengakuan dan                         The Group has determined that those
         pengukuran aset hak-guna dan liabilitas                          leases meet the criteria for recognition and
         sewa sesuai dengan PSAK No. 73, Sewa.                            measurement of right-of-use assets and
                                                                          lease liabilities in accordance with
                                                                          PSAK No. 73, Leases.

         Grup sebagai pesewa                                              Group as lessor

         Grup telah menandatangani sejumlah                               The Group has entered into various
         perjanjian sewa. Grup menentukan bahwa                           commercial lease agreements. The Group
         sewa tersebut adalah sewa operasi karena                         has determined that these are operating
         Grup menanggung secara signifikan                                leases since the Group bears substantially
         seluruh risiko dan manfaat dari kepemilikan                      all the significant risks and rewards of
         aset-aset tersebut.                                              ownership of the related assets.

    f.   Pajak Penghasilan                                          f.    Income Taxes

         Perbedaan atas interpretasi dari peraturan                       Different interpretation of complex tax
         pajak yang kompleks mengakibatkan                                regulation makes the ultimate tax
         ketidakpastian penentuan jumlah pajak                            determination becomes uncertain. Where
         penghasilan. Jika hasil pemeriksaan pajak                        the final tax outcome of these matters is
         berbeda dengan jumlah yang sebelumnya                            different from the amounts that were
         telah dibukukan, maka selisih tersebut akan                      initially recorded, such differences will
         berdampak terhadap aset dan liabilitas                           have an impact on the current and
         pajak kini dan tangguhan dalam periode                           deferred income tax assets and liabilities
         dimana hasil pemeriksaan tersebut terjadi.                       in the period in which such determination
                                                                          is made.




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PT DUTA PERTIWI Tbk DAN ENTITAS ANAK                            PT DUTA PERTIWI Tbk AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                        Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                           For the Years Ended
31 Desember 2023 dan 2022                                                         December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                         (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                             unless Otherwise Stated)


    g.   Komponen Pembiayaan yang Signifikan                       g.   Significant Financing Component

         Grup menetapkan bahwa kontrak dengan                           The Group has determined that the
         pelanggan untuk penjualan persediaan real                      contracts with customers for sale of real
         estat memiliki komponen pembiayaan yang                        estate    inventories   have    significant
         signifikan mengingat jangka waktu antara                       financing component considering the
         pembayaran      uang    muka    penjualan                      period between the customer’s payment of
         oleh pelanggan dan saat pengalihan                             sales advances and time of the transfer of
         pengendalian atas persediaan real estat                        control over the real estate inventories is
         lebih dari satu tahun. Dalam penentuan                         more than one year. In determining the
         tingkat bunga yang diterapkan pada jumlah                      interest to be applied to the amount of
         imbalan, Grup memutuskan bahwa tingkat                         consideration, the Group concluded that
         bunga adalah tingkat bunga pinjaman                            the interest rate is the Group’s average
         rata-rata Grup.                                                borrowing rate.

    Estimasi dan Asumsi                                            Estimates and Assumptions

    Asumsi utama mengenai masa depan dan                           The key assumptions concerning the future
    sumber utama lain dalam mengestimasi                           and other key sources of estimation
    ketidakpastian pada tanggal pelaporan yang                     uncertainty at the reporting date that have a
    mempunyai risiko signifikan yang dapat                         significant risk of causing a material
    menyebabkan penyesuaian material terhadap                      adjustment to the carrying amounts of assets
    nilai tercatat aset dan liabilitas dalam periode               and liabilities within the next financial period
    berikutnya diungkapkan di bawah ini. Grup                      are disclosed below. The Group based its
    mendasarkan asumsi dan estimasi pada                           assumptions and estimates on parameters
    parameter yang tersedia saat laporan keuangan                  available when the consolidated financial
    konsolidasian disusun. Kondisi yang ada dan                    statements       were     prepared.     Existing
    asumsi mengenai perkembangan masa depan                        circumstances and assumptions about future
    dapat berubah karena perubahan situasi pasar                   developments may change due to market
    yang berada di luar kendali Grup. Perubahan                    changes on circumstances arising beyond the
    tersebut tercermin dalam asumsi ketika                         control of the Group. Such changes are
    keadaan tersebut terjadi:                                      reflected in the assumptions when they occur:

    a.   Nilai Wajar Aset Keuangan dan Liabilitas                  a.    Fair Value of Financial Assets and
         Keuangan                                                        Financial Liabilities

         Standar Akuntansi Keuangan di Indonesia                         Indonesian        Financial     Accounting
         mensyaratkan pengukuran aset keuangan                           Standards require measurement of
         dan liabilitas keuangan tertentu pada                           certain financial assets and liabilities at
         nilai   wajarnya,   dan    penyajian  ini                       fair values, and the disclosure requires
         mengharuskan penggunaan estimasi.                               the use of estimates. Significant
         Komponen pengukuran nilai wajar yang                            component of fair value measurement is
         signifikan ditentukan berdasarkan bukti-                        determined based on verifiable objective
         bukti obyektif yang dapat diverifikasi                          evidence (i.e. foreign exchange rate,
         (seperti nilai tukar, suku bunga),                              interest rate), while timing and amount of
         sedangkan saat dan besaran perubahan                            changes in fair value might differ due to
         nilai wajar dapat menjadi berbeda karena                        different valuation method used.
         penggunaan metode penilaian yang
         berbeda.

         Nilai wajar aset keuangan dan liabilitas                        The fair value of financial assets and
         keuangan diungkapkan pada Catatan 27.                           financial liabilities are set out in
                                                                         Note 27.




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PT DUTA PERTIWI Tbk DAN ENTITAS ANAK                              PT DUTA PERTIWI Tbk AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                          Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                             For the Years Ended
31 Desember 2023 dan 2022                                                           December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                           (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                               unless Otherwise Stated)


    b.   Estimasi Masa Manfaat Aset Tetap dan                        b.   Estimated Useful Lives of Property and
         Properti Investasi                                               Equipment and Investment Properties

         Masa manfaat dari masing-masing aset                             The useful life of each of the item of the
         tetap dan properti investasi Grup                                Group’s property and equipment and
         diestimasi berdasarkan jangka waktu aset                         investment properties are estimated
         tersebut   diharapkan      tersedia     untuk                    based on the period over which the asset
         digunakan. Estimasi tersebut didasarkan                          is expected to be available for use. Such
         pada penilaian kolektif berdasarkan bidang                       estimation is based on a collective
         usaha yang sama, evaluasi teknis internal                        assessment of similar business, internal
         dan pengalaman dengan aset sejenis.                              technical evaluation and experience with
         Estimasi masa manfaat setiap aset                                similar assets. The estimated useful life
         ditelaah secara berkala dan diperbarui jika                      of each asset is reviewed periodically and
         estimasi     berbeda      dari      perkiraan                    updated if expectations differ from
         sebelumnya yang disebabkan karena                                previous estimates due to physical wear
         pemakaian, usang secara teknis atau                              and tear, technical or commercial
         komersial serta keterbatasan hak atau                            obsolescence and legal or other limits on
         pembatasan lainnya terhadap penggunaan                           the use of the asset. It is possible,
         aset. Dengan demikian, hasil operasi di                          however, that future results of operations
         masa      mendatang       mungkin      dapat                     could be materially affected by changes
         terpengaruh     secara     signifikan    oleh                    in the amounts and timing of recorded
         perubahan dalam jumlah dan waktu                                 expenses brought about by changes in
         terjadinya biaya karena perubahan yang                           the factors mentioned above. A reduction
         disebabkan     oleh    faktor-faktor    yang                     in the estimated useful life of any item of
         disebutkan di atas. Penurunan estimasi                           property and equipment and investment
         masa manfaat ekonomis setiap aset tetap                          properties would increase the recorded
         dan properti investasi akan menyebabkan                          depreciation and decrease the carrying
         kenaikan     beban      penyusutan        dan                    values of these assets.
         penurunan nilai tercatat aset-aset tersebut.

         Nilai tercatat aset tetap dan properti                           The carrying values of property and
         investasi konsolidasian pada tanggal                             equipment and investment properties
         31 Desember 2023 dan 2022 masing-                                as of December 31, 2023 and 2022 are
         masing diungkapkan pada Catatan 14                               set out in Notes 14 and 16, respectively.
         dan 16.

    c.   Penurunan Nilai Goodwill                                    c.   Impairment of Goodwill

         Uji penurunan nilai goodwill wajib                               Impairment testing for goodwill is
         dilakukan sedikitnya setahun sekali tanpa                        required to be performed at least
         memperhatikan apakah telah terjadi                               annually irrespective of whether or not
         indikasi penurunan nilai. Penentuan nilai                        there are indications of impairment.
         pakai goodwill membutuhkan estimasi arus                         Determining the value in use of goodwill
         kas yang diharapkan akan dihasilkan dari                         requires the estimation of cash flows
         pemakaian berkelanjutan dan pelepasan                            expected to be generated from the
         akhir atas aset tersebut (UPK) serta                             continued use and ultimate disposition of
         tingkat diskonto yang tepat untuk                                such assets (CGU) and a suitable
         menghitung nilai kini.                                           discount rate in order to calculate the
                                                                          present value.

         Manajemen        berkeyakinan    bahwa                           While it is believed that the assumptions
         asumsi-asumsi yang digunakan dalam                               used in the estimation of the value in use
         estimasi nilai pakai dalam laporan                               of assets reflected in the consolidated
         keuangan konsolidasian adalah tepat dan                          financial statements are appropriate and
         wajar, namun demikian, perubahan                                 reasonable, significant changes in these
         signifikan dalam asumsi-asumsi tersebut                          assumptions may materially affect the
         dapat berdampak signifikan pada jumlah                           assessment of recoverable values and
         nilai terpulihkan dan jumlah kerugian                            any resulting impairment loss could have
         penurunan nilai yang terjadi mungkin                             a material adverse impact on the results
         berdampak material pada hasil operasi                            of Group’s operations.
         Grup.


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PT DUTA PERTIWI Tbk DAN ENTITAS ANAK                              PT DUTA PERTIWI Tbk AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                          Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                             For the Years Ended
31 Desember 2023 dan 2022                                                           December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                           (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                               unless Otherwise Stated)


         Nilai tercatat goodwill pada tanggal                             The carrying amount of goodwill as of
         31 Desember 2023 dan 2022 diungkapkan                            December 31, 2023 and 2022 is set out
         pada Catatan 17.                                                 in Note 17.

    d.   Penurunan Nilai Aset Non-Keuangan                           d.   Impairment of Non-Financial Assets

         Penelaahan     atas    penurunan      nilai                      Impairment review is performed when
         dilakukan   apabila   terdapat    indikasi                       certain impairment indicators are present.
         penurunan nilai aset tertentu. Penentuan                         Determining the fair value of assets
         nilai wajar aset membutuhkan estimasi                            requires the estimation of cash flows
         arus kas yang diharapkan akan dihasilkan                         expected to be generated from the
         dari   pemakaian     berkelanjutan    dan                        continued use and ultimate disposition of
         pelepasan akhir atas aset tersebut.                              such assets. Any significant changes in
         Perubahan signifikan dalam asumsi-                               the assumptions used in determining the
         asumsi yang digunakan untuk menentukan                           fair value may materially affect the
         nilai wajar dapat berdampak signifikan                           assessment of recoverable values and
         pada jumlah terpulihkan dan jumlah                               any resulting impairment loss could have
         kerugian penurunan nilai yang terjadi                            a material impact on results of
         mungkin berdampak material pada hasil                            operations.
         operasi Grup.

         Nilai tercatat aset non-keuangan tersebut                        The carrying values of these assets as of
         pada tanggal 31 Desember 2023 dan 2022                           December 31, 2023 and 2022 are set out
         diungkapkan pada Catatan 14, 15 dan 16.                          in Notes 14, 15, and 16.

    e.   Imbalan Kerja Jangka Panjang                                e.   Long-term Employee Benefits

         Penentuan liabilitas imbalan kerja jangka                        The determination of the long-term
         panjang dipengaruhi oleh asumsi tertentu                         employee benefits is dependent on the
         yang digunakan oleh aktuaris dalam                               selection of certain assumptions used by
         menghitung jumlah tersebut. Asumsi-                              actuary in calculating such amounts.
         asumsi      tersebut    dijelaskan     dalam                     Those assumptions are described in
         Catatan 37 dan mencakup, antara lain,                            Note 37 and include, among others, rate
         tingkat kenaikan gaji, dan tingkat diskonto                      of salary increase, and discount rate
         yang ditentukan dengan mengacu pada                              which is determined after giving
         imbal hasil pasar atas bunga obligasi                            consideration to interest rates of
         pemerintah dalam mata uang yang sama                             government bonds that are denominated
         dengan mata uang pembayaran imbalan                              in the currency in which the benefits are
         dan memiliki jangka waktu yang mendekati                         to be paid and have terms of maturity
         estimasi jangka waktu liabilitas imbalan                         approximating the terms of the related
         kerja jangka panjang tersebut. Hasil aktual                      employee benefits liability. Actual results
         yang berbeda dengan asumsi Grup                                  that differ from the Group’s assumptions
         dibukukan pada penghasilan komprehensif                          are charged to comprehensive income
         lain dan dengan demikian, berdampak                              and therefore, generally affect the
         pada jumlah penghasilan komprehensif                             recognized comprehensive income and
         lain yang diakui dan liabilitas yang tercatat                    recorded obligation in such future
         pada       periode-periode       mendatang.                      periods. While it is believed that the
         Manajemen berkeyakinan bahwa asumsi-                             Group’s assumptions are reasonable
         asumsi yang digunakan adalah tepat dan                           and appropriate, significant differences in
         wajar, namun demikian, perbedaan                                 actual experience or significant changes
         signifikan pada hasil aktual, atau                               in assumptions may materially affect the
         perubahan signifikan dalam asumsi-                               amount of long-term employee benefits
         asumsi     tersebut    dapat      berdampak                      liability.
         signifikan pada jumlah liabilitas imbalan
         kerja jangka panjang.




                                                         - 46 -
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PT DUTA PERTIWI Tbk DAN ENTITAS ANAK                                      PT DUTA PERTIWI Tbk AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                  Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                     For the Years Ended
31 Desember 2023 dan 2022                                                                   December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                                   (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                       unless Otherwise Stated)


           Pada tanggal 31 Desember 2023 dan                                           As of December 31, 2023 and 2022, the
           2022, liabilitas imbalan kerja jangka                                       amount of long-term employee benefits
           panjang diungkapkan pada Catatan 37.                                        liability is set out in Note 37.


4.   Kas dan Setara Kas                                                 4.      Cash and Cash Equivalents

                                                     2023                       2022

     Kas                                          21.083.919.245              3.065.422.145   Cash on Hand

     Bank                                                                                     Cash in Banks
       Rupiah                                                                                  Rupiah
        Pihak berelasi (Catatan 43)                                                              Related party (Note 43)
          PT Bank Sinarmas Tbk (BS)                7.283.115.504              3.516.835.343         PT Bank Sinarmas Tbk (BS)

        Pihak ketiga                                                                            Third parties
           PT Bank Central Asia Tbk               56.603.446.077         132.275.636.696          PT Bank Central Asia Tbk
           PT Bank Maybank Indonesia Tbk                                                          PT Bank Maybank Indonesia Tbk
             (Maybank)                            36.426.649.001             28.551.487.778          (Maybank)
           PT Bank Mandiri (Persero) Tbk (BM)     30.030.785.979             22.119.946.297       PT Bank Mandiri (Persero) Tbk (BM)
           PT Bank Tabungan Negara                                                                PT Bank Tabungan Negara
             (Persero) Tbk (BTN)                  10.315.769.742              2.559.581.342          (Persero) Tbk (BTN)
           PT Bank Negara Indonesia                                                                PT Bank Negara Indonesia
             (Persero) Tbk                         8.244.090.856             12.787.011.589          (Persero) Tbk
           PT Bank OCBC NISP Tbk                   7.565.981.856              3.486.724.348        PT Bank OCBC NISP Tbk
           PT Bank Danamon Indonesia Tbk           6.001.466.348              1.141.156.969        PT Bank Danamon Indonesia Tbk
           PT Bank Permata Tbk (Permata)           1.746.940.940              3.379.346.732        PT Bank Permata Tbk (Permata)
           PT Bank CIMB Niaga Tbk                    973.024.453              6.363.529.937        PT Bank CIMB Niaga Tbk
           PT Bank Rakyat Indonesia                                                                PT Bank Rakyat Indonesia
             (Persero) Tbk (BRI)                     679.858.252              1.046.901.919          (Persero) Tbk (BRI)
           PT Bank Pan Indonesia Tbk (Panin)         630.645.497                986.377.459        PT Bank Pan Indonesia Tbk (Panin)
           PT Bank UOB Indonesia (UOB)               193.632.365                447.165.010        PT Bank UOB Indonesia (UOB)
           PT Bank DKI                                72.007.500                 72.187.500        PT Bank DKI
           PT Bank Mega Tbk (Mega)                    38.837.422                 39.390.457        PT Bank Mega Tbk (Mega)
           PT Bank Pembangunan Daerah                                                              PT Bank Pembangunan Daerah
             Jawa Barat dan Banten Tbk (BJB)           6.542.602               6.673.830             Jawa Barat dan Banten Tbk (BJB)
           PT Bank Syariah Indonesia Tbk               3.307.928               3.592.974           PT Bank Syariah Indonesia Tbk
         Jumlah                                  159.532.986.818         215.266.710.837         Subtotal
       Sub jumlah - Rupiah                       166.816.102.322         218.783.546.180       Subtotal - Rupiah

       Dolar Amerika Serikat (Catatan 48)                                                      U.S. Dollar (Note 48)
        Pihak berelasi (Catatan 43)                                                              Related party (Note 43)
           BS                                        300.283.794               312.499.146         BS

         Pihak ketiga                                                                            Third party
           Maybank                                     8.118.743               8.938.828           Maybank
       Sub jumlah - Dolar Amerika Serikat            308.402.537             321.437.974       Subtotal - U.S. Dollar
     Jumlah - Bank                               167.124.504.859         219.104.984.154       Total - Cash in banks

     Deposito Berjangka                                                                       Time Deposits
      Rupiah                                                                                    Rupiah
        Pihak ketiga                                                                              Third parties
          BRI                                    545.060.000.000         288.300.000.000            BRI
          PT Bank Raya Indonesia Tbk                                                                PT Bank Raya Indonesia Tbk
             (Raya)                               495.950.000.000         300.800.000.000             (Raya)
          BTN                                     443.750.000.000         738.350.000.000           BTN
          PT Bank Mandiri Taspen                  355.800.000.000         239.000.000.000           PT Bank Mandiri Taspen
          BJB                                     208.120.000.000         967.020.000.000           BJB
          Mega                                    189.450.000.000         282.350.000.000           Mega
          UOB                                     173.000.000.000          15.500.000.000           UOB
          PT Bank JTrust Indonesia Tbk            145.800.000.000                       -           PT Bank JTrust Indonesia Tbk
          PT Bank KB Bukopin Tbk                   98.700.000.000         319.600.000.000           PT Bank KB Bukopin Tbk
          Permata                                  12.000.000.000         111.000.000.000           Permata
          BM                                       10.900.000.000           4.500.000.000           BM
          Maybank                                   7.000.000.000           7.000.000.000           Maybank
      Sub jumlah - Rupiah                       2.685.530.000.000       3.273.420.000.000       Subtotal - Rupiah




                                                               - 47 -
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PT DUTA PERTIWI Tbk DAN ENTITAS ANAK                                          PT DUTA PERTIWI Tbk AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                      Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                         For the Years Ended
31 Desember 2023 dan 2022                                                                       December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                                       (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                           unless Otherwise Stated)

                                                        2023                       2022

       Dolar Amerika Serikat (Catatan 48)                                                            U.S. Dollar (Note 48)
        Pihak ketiga                                                                                   Third parties
           Raya                                        1.897.877.635           1.900.057.823             Raya
     Jumlah - Deposito berjangka                   2.687.427.877.635       3.275.320.057.823         Total - Time deposits

     Jumlah                                        2.875.636.301.739       3.497.490.464.122       Total

     Suku bunga per tahun deposito berjangka:                                                      Interest rates per annum of time deposits:
      Rupiah                                        3,20% - 7,50%            2,50% - 6,50%           Rupiah
      Dolar Amerika Serikat                             3,00%                0,25% - 2,50%           U.S. Dollar



5.   Investasi Jangka Pendek                                                 5.      Short-term Investments

     Merupakan rekening di bank berupa rekening                                      These consists of cash in banks in the form of
     penampungan dan deposito berjangka yang                                         escrow account and time deposits used as
     digunakan sebagai jaminan fasilitas kredit                                      collaterals for housing loan facilities with
     kepemilikan rumah dengan rincian sebagai                                        details as follows:
     berikut:

                                                         2023                        2022

     Bank - Pihak ketiga                                                                            Cash in bank - Third party
      PT Bank Central Asia Tbk (BCA)                  77.719.296.878              67.991.806.657     PT Bank Central Asia Tbk (BCA)

     Deposito berjangka - Pihak ketiga                                                              Time deposits - Third parties
      PT Bank CIMB Niaga Tbk                          51.402.500.262              59.364.963.795      PT Bank CIMB Niaga Tbk
      PT Bank Mandiri (Persero) Tbk                   47.723.196.663              52.153.017.128      PT Bank Mandiri (Persero) Tbk
      PT Bank Permata Tbk                             25.399.917.539              32.445.990.031      PT Bank Permata Tbk
      PT Bank Maybank Indonesia Tbk                   21.932.066.993              43.800.040.104      PT Bank Maybank Indonesia Tbk
      PT Bank Danamon Indonesia Tbk                   19.760.371.506              24.324.130.787      PT Bank Danamon Indonesia Tbk
      PT Bank OCBC NISP Tbk                           12.276.156.465              12.598.350.869      PT Bank OCBC NISP Tbk
      PT Bank Negara Indonesia (Persero) Tbk           8.939.322.679              10.614.576.917      PT Bank Negara Indonesia (Persero) Tbk
      PT Bank UOB Indonesia                            4.750.916.148               4.601.163.071      PT Bank UOB Indonesia
      PT Bank Tabungan Negara (Persero) Tbk            3.916.184.484                  38.150.000      PT Bank Tabungan Negara (Persero) Tbk
      PT Bank Pan Indonesia Tbk                        2.599.904.519               2.213.444.212      PT Bank Pan Indonesia Tbk
      PT Bank Rakyat Indonesia (Persero) Tbk             852.141.147                 645.951.810      PT Bank Rakyat Indonesia (Persero) Tbk
      PT Bank Syariah Indonesia Tbk                      340.257.491                 105.257.491      PT Bank Syariah Indonesia Tbk
      PT Bank Pembangunan Daerah                                                                      PT Bank Pembangunan Daerah
        Jawa Barat dan Banten Tbk                         26.080.000                  26.080.000       Jawa Barat dan Banten Tbk
      BCA                                                          -               1.184.118.806      BCA
          Jumlah - Deposito berjangka                199.919.015.896          244.115.235.021          Total - Time deposits

     Jumlah                                          277.638.312.774          312.107.041.678          Total

     Suku bunga deposito berjangka per tahun         1,75% - 5,70%            2,00% - 4,00%         Interest rate per annum on time deposits



6.   Piutang Usaha                                                           6.      Trade Accounts Receivable

     Rincian piutang usaha terdiri dari:                                             The details of trade accounts receivable
                                                                                     follows:

     a.      Berdasarkan Jenis Transaksi                                             a.     By Nature of Transactions

                                                             2023                         2022

             Pihak berelasi (Catatan 43)                                                                   Related parties (Note 43)
               Sewa                                        7.279.193.618              7.036.433.011         Rental
               Cadangan kerugian penurunan nilai            (129.920.422)              (156.981.764)        Allowance for impairment losses
               Jumlah - Bersih - pihak berelasi            7.149.273.196              6.879.451.247         Total - Net - related parties




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PT DUTA PERTIWI Tbk DAN ENTITAS ANAK                                  PT DUTA PERTIWI Tbk AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                              Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                 For the Years Ended
31 Desember 2023 dan 2022                                                               December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                               (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                   unless Otherwise Stated)

                                                      2023                     2022

         Pihak ketiga                                                                            Third parties
           Tanah dan bangunan strata title          8.788.820.717             5.246.779.638        Land and buildings with strata title
           Kamar, makanan dan minuman                                                              Room, food and beverages,
             dan lain-lain                          6.439.459.652             7.733.869.230          and others
           Sewa                                     2.719.732.670             3.540.308.116        Rental
           Jumlah - pihak ketiga                   17.948.013.039         16.520.956.984           Total - third parties
           Cadangan kerugian penurunan nilai       (1.552.060.121)        (2.560.267.602)          Allowance for impairment losses
           Jumlah - Bersih - pihak ketiga          16.395.952.918         13.960.689.382           Total - Net - third parties

         Jumlah                                    23.545.226.114         20.840.140.629         Total

    b.   Berdasarkan Umur (Hari)                                         b.     By Age

         Jumlah piutang usaha berdasarkan umur                                  The aging analysis of trade accounts
         (hari) dihitung sejak tanggal faktur adalah                            receivable from the date of invoice follows:
         sebagai berikut:

                                                      2023                     2022

         Pihak berelasi (Catatan 43)                                                             Related parties (Note 43)
           Belum jatuh tempo                                      -                       -       Not past due
           Jatuh tempo                                                                            Past due
             1 s.d 30 hari                          3.282.953.933             6.109.913.950          1 - 30 days
             31 s.d 60 hari                           298.849.951                43.821.408          31 - 60 days
             61 s.d 90 hari                             1.001.690                 9.590.400          61 - 90 days
             91 s.d 120 hari                        3.696.388.044               873.107.253          91 - 120 days
           Jumlah - pihak berelasi                  7.279.193.618             7.036.433.011       Total - related parties
           Cadangan kerugian penurunan nilai         (129.920.422)             (156.981.764)      Allowance for impairment
           Jumlah - bersih                          7.149.273.196             6.879.451.247       Total - net

         Pihak ketiga                                                                            Third parties
           Belum jatuh tempo                        4.201.648.485                         -        Not past due
           Jatuh tempo                                                                             Past due
             1 s.d 30 hari                         13.587.294.108         14.440.806.620             1 - 30 days
             31 s.d 60 hari                            69.256.766            604.658.007             31 - 60 days
             61 s.d 90 hari                            17.936.225          1.270.352.890             61 - 90 days
             91 s.d 120 hari                           71.877.455            205.139.467             91 - 120 days
           Jumlah - pihak ketiga                   17.948.013.039         16.520.956.984           Total - third parties
           Cadangan kerugian penurunan nilai       (1.552.060.121)        (2.560.267.602)          Allowance for impairment
           Jumlah - bersih                         16.395.952.918         13.960.689.382           Total - net

         Jumlah                                    23.545.226.114         20.840.140.629         Total




    Perubahan     dalam     cadangan    kerugian                         The changes in allowance for impairment of
    penurunan nilai piutang usaha adalah sebagai                         trade accounts receivable are detailed as
    berikut:                                                             follows:

                                                 2023                     2022

    Saldo awal                                  2.717.249.366           2.596.700.671          Beginning balance
    Penambahan (pemulihan) - bersih            (1.035.268.823)            120.548.695          Provisions (recoveries) - net

    Saldo akhir                                1.681.980.543            2.717.249.366          Ending balance




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PT DUTA PERTIWI Tbk DAN ENTITAS ANAK                               PT DUTA PERTIWI Tbk AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                           Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                              For the Years Ended
31 Desember 2023 dan 2022                                                            December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                            (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                unless Otherwise Stated)


     Grup     menerapkan       pendekatan    yang                      The Group applies the simplified approach to
     disederhanakan untuk menghitung cadangan                          provide for expected credit losses prescribed
     kerugian ekspektasian yang disyaratkan oleh                       by PSAK No. 71, which permits the use of the
     PSAK No. 71, yang memperbolehkan                                  lifetime expected loss provison for trade
     penerapan cadangan kerugian ekspektasian                          accounts receivable with significant financing
     sepanjang umurnya untuk piutang usaha                             component. To measure the expected credit
     dengan komponen pendanaan yang signifikan.                        losses, trade accounts receivables have been
     Untuk     mengukur     cadangan      kerugian                     grouped based on shared credit risk
     ekspektasian    tersebut,    piutang   usaha                      characteristics and the days past due.
     dikelompokkan berdasarkan karakteristik risiko
     kredit yang sejenis dan pola tunggakan atau
     gagal bayar.

     Manajemen berpendapat bahwa cadangan                              Management believes that the allowance for
     kerugian penurunan nilai pada tanggal                             impairment as of December 31, 2023 and
     31 Desember 2023 dan 2022 memadai untuk                           2022 is adequate to cover possible losses from
     menutup kemungkinan kerugian dari tidak                           uncollectible accounts.
     tertagihnya piutang.

     Manajemen berpendapat bahwa tidak terdapat                        Management believes that there are no
     risiko terkonsentrasi secara signifikan atas                      significant concentrations of credit risk in trade
     piutang dari pihak ketiga.                                        accounts receivable from third parties.

     Pada tanggal 31 Desember 2023 dan 2022,                           There are no trade accounts receivable that
     tidak terdapat piutang usaha yang dijadikan                       are used as collateral as of December 31,
     sebagai jaminan.                                                  2023 and 2022.


7.   Piutang Lain-Lain                                            7.   Other Accounts Receivable

     Akun ini terdiri dari piutang bunga atas deposito                 This account consists mainly of interest
     berjangka dan jasa pemeliharaan.                                  receivable from time deposits and receivables
                                                                       related to maintenance services.

     Perubahan     dalam       cadangan      kerugian                  The changes in allowance for impairment of
     penurunan nilai piutang lain-lain adalah sebagai                  other accounts receivable are detailed as
     berikut:                                                          follows:

                                                2023                     2022

     Saldo awal                                 24.131.757               190.858.143    Beginning balance
     Penambahan (pemulihan) - bersih             3.652.332              (166.726.386)   Provisions (recoveries) - net

     Saldo akhir                                27.784.089                24.131.757    Ending balance

     Manajemen berpendapat bahwa cadangan                              Management believes that the allowance for
     kerugian penurunan nilai pada tanggal                             impairment as of December 31, 2023 and
     31 Desember 2023 dan 2022 memadai untuk                           2022 is adequate to cover possible losses from
     menutup kemungkinan kerugian dari tidak                           uncollectible accounts.
     tertagihnya piutang.


8.   Persediaan                                                   8.   Inventories

                                               2023                     2022

     Persediaan real estat                4.024.419.216.581        3.857.129.105.131    Real estate inventories
     Persediaan dari hotel dan lainnya        1.297.709.263              927.346.988    Hotel and others inventories

     Jumlah                               4.025.716.925.844        3.858.056.452.119    Total




                                                         - 50 -
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PT DUTA PERTIWI Tbk DAN ENTITAS ANAK                                  PT DUTA PERTIWI Tbk AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                              Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                 For the Years Ended
31 Desember 2023 dan 2022                                                               December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                               (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                   unless Otherwise Stated)


    a.   Persediaan Real Estat                                           a.    Real Estate Inventories

                                                      2023                    2022

         Tanah dan bangunan yang siap dijual:                                                Land and buildings ready for sale:
           Aerium                                766.471.891.605                       -       Aerium
           South Gate                            653.052.618.023         188.391.479.214       South Gate
           Klaska Residence                      158.532.846.448         192.262.104.836       Klaska Residence
           Grand Wisata                          137.013.823.679         129.457.500.243       Grand Wisata
           Mega ITC Cempaka Mas                  118.310.808.601         118.310.808.601       Mega ITC Cempaka Mas
           Mangga Dua                             93.540.699.700          93.540.699.700       Mangga Dua
           ITC Depok                              87.189.449.907          87.189.449.907       ITC Depok
           ITC Mangga Dua                         53.374.372.001          53.374.372.001       ITC Mangga Dua
           Superblok Ambasador Kuningan                                                        Superblok Ambasador Kuningan
             dan ITC Kuningan                      46.181.288.298         46.181.288.298         and ITC Kuningan
           Roxy Mas                                43.176.965.336         43.860.144.594       Roxy Mas
           Harco Mas                               17.886.209.342         17.886.209.342       Harco Mas
           Duta Mas Fatmawati                      14.193.543.561         14.193.543.561       Duta Mas Fatmawati
           Banjar Wijaya                            8.543.225.152          4.549.117.181       Banjar Wijaya
           Kota Wisata                              8.488.046.618          8.488.046.618       Kota Wisata
           Kota Bunga                               5.898.725.233          5.898.725.233       Kota Bunga
           Juanda                                   5.440.000.000          5.440.000.000       Juanda
           Graha Cempaka Mas                        2.845.392.132          2.845.392.132       Graha Cempaka Mas
           Wisma Eka Jiwa                           1.083.342.405          1.083.342.405       Wisma Eka Jiwa
           Mangga Dua Center                          199.778.090            199.778.090       Mangga Dua Center
           Legenda Wisata                             169.133.327            169.133.327       Legenda Wisata
           Jumlah                               2.221.592.159.458      1.013.321.135.283       Subtotal

         Bangunan yang sedang dikonstruksi:                                                  Buildings under construction:
          Grand Wisata                           236.408.599.538         155.496.231.225      Grand Wisata
          Kota Wisata                            206.560.727.795         173.074.784.674      Kota Wisata
          Aerium                                 169.310.824.044         716.964.021.041      Aerium
          South Gate                              86.421.478.668         703.527.190.255      South Gate
          Klaska Residence                        20.706.206.957          18.033.793.335      Klaska Residence
          Banjar Wijaya                           12.686.027.494          44.687.495.349      Banjar Wijaya
          Legenda Wisata                          12.364.763.169          46.481.731.213      Legenda Wisata
          Jumlah                                 744.458.627.665       1.858.265.247.092      Subtotal

         Tanah yang sedang dikembangkan:                                                     Land under development:
           Grand Wisata                           463.191.479.679        348.470.232.588       Grand Wisata
           Kota Wisata                            449.809.258.490        274.370.213.269       Kota Wisata
           Taman Permata Buana                     42.513.892.259         49.767.948.857       Taman Permata Buana
           Legenda Wisata                          35.078.932.086         53.911.544.637       Legenda Wisata
           Kota Bunga                              34.580.905.087         34.580.905.087       Kota Bunga
           South Gate                              12.796.305.082         49.226.745.879       South Gate
           Banjar Wijaya                            9.909.445.095         22.088.513.524       Banjar Wijaya
           Klaska Residence                         6.111.891.290          3.945.837.965       Klaska Residence
           Aerium                                   4.376.320.390        149.180.780.950       Aerium
           Jumlah                               1.058.368.429.458        985.542.722.756       Subtotal

         Jumlah                                 4.024.419.216.581      3.857.129.105.131     Total



         Mutasi persediaan tanah dan bangunan                            Movements of land and buildings ready for
         yang siap dijual adalah sebagai berikut:                        sale follows:
                                                      2023                    2022

         Saldo awal                              1.013.321.135.283      1.211.414.470.102    Beginning balance
         Penambahan selama tahun berjalan        2.636.077.372.952        743.989.803.076    Additions during the year
         Pengurangan selama tahun berjalan      (1.427.806.348.777)      (942.083.137.895)   Deductions during the year

         Saldo akhir                            2.221.592.159.458       1.013.321.135.283    Ending balance




                                                             - 51 -
Page 300
PT DUTA PERTIWI Tbk DAN ENTITAS ANAK                                   PT DUTA PERTIWI Tbk AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                               Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                  For the Years Ended
31 Desember 2023 dan 2022                                                                December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                                (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                    unless Otherwise Stated)

        Mutasi bangunan yang sedang dikonstruksi                          Movements of buildings under construction
        adalah sebagai berikut:                                           follows:
                                                        2023                   2022

        Saldo awal                              1.858.265.247.092        1.443.040.709.427     Beginning balance
        Penambahan selama tahun berjalan        1.025.404.699.173          840.908.913.690     Additions during the year
        Pengurangan selama tahun berjalan      (2.139.211.318.600)        (425.684.376.025)    Deductions during the year

        Saldo akhir                                744.458.627.665       1.858.265.247.092     Ending balance

        Persentase nilai tercatat bangunan yang                                 Percentage of cost of buildings under
        sedang dikonstruksi terhadap nilai kontrak                              construction to the total contract price of
        atau proyek adalah sebagai berikut:                                     the project follows:
                                              2023                                        2022
                               Bangunan yang       % nilai terhadap        Bangunan yang       % nilai terhadap
                             sedang dikonstruksi/   nilai kontrak/       sedang dikonstruksi/   nilai kontrak/
                               Buildings under    % to the contract        Buildings under    % to the contract
                                construction           amount               construction           amount
                                                           %                                           %

        Grand Wisata            236.408.599.538           50                155.496.231.225          47           Grand Wisata
        Kota Wisata             206.560.727.795           98                173.074.784.674          61           Kota Wisata
        Aerium                  169.310.824.044           64                716.964.021.041          88           Aerium
        South Gate               86.421.478.668           96                703.527.190.255          56           South Gate
        Klaska Residence         20.706.206.957           96                 18.033.793.335          93           Klaska Residence
        Banjar Wijaya            12.686.027.494           88                 44.687.495.349          28           Banjar Wijaya
        Legenda Wisata           12.364.763.169           79                 46.481.731.213          67           Legenda Wisata
        Jumlah                  744.458.627.665                           1.858.265.247.092                       Total

        Mutasi tanah yang sedang dikembangkan                                   Movement in land under development
        adalah sebagai berikut:                                                 follows:

                                                       2023                    2022

        Saldo awal                                  985.542.722.756      1.097.817.885.272     Beginning balance
        Penambahan selama tahun berjalan            566.935.907.822        237.417.875.214     Additions during the year
        Reklasifikasi                                (5.387.514.000)        (5.378.820.000)    Reclassification
        Pengurangan selama tahun berjalan          (488.722.687.120)      (344.314.217.730)    Deductions during the year

        Saldo akhir                               1.058.368.429.458       985.542.722.756      Ending balance

        Estimasi penyelesaian bangunan yang                                     Buildings under construction in projects
        sedang dikonstruksi pada proyek South                                   South Gate, Aerium, Klaska Residence,
        Gate, Aerium, Klaska Residence, Kota                                    Kota Wisata, Banjar Wijaya, Grand Wisata
        Wisata, Banjar Wijaya, Grand Wisata dan                                 and Legenda Wisata is expected to be
        Legenda Wisata adalah pada tahun 2024.                                  completed in 2024. Management believes
        Manajemen berkeyakinan tidak terdapat                                   that these projects will be completed on
        hambatan dalam kelanjutan penyelesaian                                  the expected dates of completion.
        proyek-proyek tersebut.

        Jumlah persediaan tanah dan bangunan                                    Total    inventories ready   for  sale
        yang    siap   dijual  yang    pengikatan                               which already have sales and purchase
        jual   belinya   telah  berlaku   namun                                 agreements      but  had    not  been
        penjualannya belum diakui pada tanggal                                  recognized as sales as of December 31,
        31 Desember 2023 dan 2022 masing-                                       2023 and 2022, represent 14.06% and
        masing adalah sebesar 14,06% dan                                        18.19%, respectively, of the total
        18,19% dari jumlah persediaan.                                          inventories.

        Reklasifikasi pada tahun 2023 dan 2022                                  Reclassification in 2023 and 2022
        merupakan reklasifikasi dari tanah yang                                 represents reclassification from land under
        sedang dikembangkan masing-masing                                       development to investment properties
        sebesar      Rp     5.387.514.000   dan                                 amounting to Rp 5,387,514,000 and
        Rp 5.378.820.000 ke properti investasi                                  Rp 5,378,820,000, respectively (Note 16).
        (Catatan 16).


                                                            - 52 -
Page 301
PT DUTA PERTIWI Tbk DAN ENTITAS ANAK                                   PT DUTA PERTIWI Tbk AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                               Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                  For the Years Ended
31 Desember 2023 dan 2022                                                                December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                                (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                    unless Otherwise Stated)


          Grup melakukan peninjauan berkala atas                                  The Group regularly reviews the carrying
          jumlah     tercatat      persediaan, untuk                              value of the real estate inventories to
          memastikan bahwa jumlah tercatatnya tidak                               ensure that the recorded values do not
          melebihi nilai realisasi bersih.                                        exceed the net realizable values.

          Pada tanggal 31 Desember 2023 dan 2022,                                 As of December 31, 2023 and 2022, all
          seluruh persediaan yang dimiliki adalah                                 inventories are under the name of the
          atas nama Grup.                                                         Group.

          Persediaan          real       estat       telah                        The     real    estate    inventories   are
          diasuransikan terhadap risiko kebakaran                                 insured      against   fire    and    other
          dan        risiko        lainnya         kepada                         possible losses with PT Asuransi Sinar
          PT Asuransi Sinar Mas (ASM), pihak                                      Mas (ASM), a related party (Note 43),
          berelasi       (Catatan       43),      dengan                          for a sum of Rp 2,364,899,029,766
          jumlah          pertanggungan           sebesar                         and      US$      325,432,913      as    of
          Rp           2.364.899.029.766              dan                         December 31, 2023 and for a sum
          US$       325.432.913         pada       tanggal                        of     Rp       2,389,567,553,640      and
          31    Desember        2023       dan    sebesar                         US$ 338,026,039 as of December 31,
          Rp           2.389.567.553.640              dan                         2022. The insurance coverage includes
          US$       338.026.039         pada       tanggal                        that for investment properties (Note 16).
          31 Desember 2022. Jumlah pertanggungan                                  Management believes that the insurance
          merupakan          jumlah        pertanggungan                          coverages are adequate to cover possible
          gabungan       dengan      asuransi     properti                        losses on the assets insured.
          investasi     (Catatan      16).    Manajemen
          berkeyakinan bahwa nilai pertanggungan
          tersebut       cukup       untuk       menutup
          kemungkinan kerugian atas persediaan
          yang dipertanggungkan.

     b.   Persediaan dari Hotel dan Lainnya                                 b.    Hotel and Other Inventories

                                                     2023                        2022

          Makanan dan minuman                        601.753.455                 316.065.946     Food and beverages
          Perlengkapan                               364.495.494                 287.189.619     Supplies
          Lain-lain                                  331.460.314                 324.091.423     Others

          Jumlah                                   1.297.709.263                 927.346.988     Total


          Manajemen berkeyakinan bahwa nilai                                      Management        believes   that    the
          tercatat persediaan hotel dan lainnya                                   carrying amounts of the hotel and
          tersebut tidak melampaui nilai realisasi                                other   inventories    do  not    exceed
          bersihnya pada tanggal 31 Desember 2023                                 the net realizable values as of
          dan 2022.                                                               December 31, 2023 and 2022.


9.   Uang Muka                                                        9.    Advances

                                                   2023                       2022

     Promosi                                    12.199.439.755              7.298.627.057      Promotion
     Perijinan                                   4.035.925.924                405.878.620      Permit
     Pembelian tanah                             3.905.355.500             32.016.068.750      Land acquisition
     Properti investasi                          1.470.164.700              1.219.471.890      Investment properties
     Biaya pengembangan tanah                      129.208.804                113.610.000      Development expenses
     Lain-lain                                   5.582.873.792             47.271.421.457      Others

     Jumlah                                     27.322.968.475             88.325.077.774      Total




                                                             - 53 -
Page 302
PT DUTA PERTIWI Tbk DAN ENTITAS ANAK                           PT DUTA PERTIWI Tbk AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                       Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                          For the Years Ended
31 Desember 2023 dan 2022                                                        December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                        (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                            unless Otherwise Stated)


10.   Pajak Dibayar Dimuka                                    10.     Prepaid Taxes

                                             2023                       2022

      Pajak penghasilan                                                                Income taxes
       Pasal 4 ayat 2                                                                    Article 4 paragraph 2
          (6% dan 10%) (Catatan 41)       40.714.837.880             47.489.449.978        (6% and 10%) (Note 41)
       Pasal 4 ayat 2                                                                    Article 4 paragraph 2
          (2,5% dan 5%) (Catatan 41)      60.397.388.794             76.287.816.319        (2.5% and 5%) (Note 41)
       Pasal 21                               24.763.677                 30.298.927      Article 21
       Pasal 23                            3.296.085.218              1.298.008.432      Article 23
       Pasal 25                              772.107.095                772.107.095      Article 25
      Pajak Pertambahan Nilai - bersih   231.907.854.545            217.982.058.770    Value Added Tax - net

      Jumlah                             337.113.037.209            343.859.739.521    Total



11.   Biaya Dibayar Dimuka                                    11.     Prepaid Expenses

                                            2023                       2022

      Beban untuk mendapatkan kontrak                                                  Costs to obtain contracts with
        dengan pelanggan                 42.198.296.179             39.199.664.596       customers
      Sewa                                   83.333.332                194.444.448     Rent
      Asuransi                                   93.748                 56.398.795     Insurance
      Lain-lain                           7.118.925.077              7.276.162.000     Others

      Jumlah                             49.400.648.336             46.726.669.839     Total



      Beban dari kontrak dengan pelanggan                             Costs to obtain contracts with customers
      merupakan biaya komisi penjualan. Beban                         represent sales commission. Such costs are
      tersebut diamortisasi dengan cara sistematis                    amortized on a systematic basis that is
      sejalan dengan penyerahan unit real estat                       consistent with the transfer of the real estate
      kepada pelanggan. Amortisasi dari biaya yang                    unit to the customers. The amortization
      terjadi untuk mendapatkan kontrak dicatat                       recognized from cost to obtain contracts was
      sebagai bagian dari beban penjualan.                            recorded as a part of selling expenses.

      Mutasi dari beban untuk mendapatkan kontrak                     The movement of costs to obtain contracts with
      dengan pelanggan adalah sebagai berikut:                        customers is as follows:

                                            2023                       2022

      Saldo awal                          39.199.664.596             26.185.439.167    Beginning balance
      Penambahan tahun berjalan           58.738.081.770             59.934.801.276    Additions during the year
      Amortisasi sebagai beban           (55.739.450.187)           (46.920.575.847)   Amortized as expense

      Saldo akhir                        42.198.296.179             39.199.664.596     Ending balance



      Biaya dibayar dimuka disajikan dalam laporan                    Prepaid expenses are presented                    in   the
      keuangan konsolidasian sebagai:                                 consolidated financial statements as:

                                            2023                       2022

      Aset lancar                        36.815.757.798             28.950.105.919     Current assets
      Aset tidak lancar                  12.584.890.538             17.776.563.920     Noncurrent assets

      Jumlah                             49.400.648.336             46.726.669.839     Total




                                                     - 54 -
Page 303
PT DUTA PERTIWI Tbk DAN ENTITAS ANAK                                                                   PT DUTA PERTIWI Tbk AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                                               Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                                                  For the Years Ended
31 Desember 2023 dan 2022                                                                                                December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                                                                (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                                                    unless Otherwise Stated)


12.   Investasi dalam Saham                                                                           12.        Investments in Shares

                                                                            2023                                   2022

      Asosiasi                                                       566.665.809.688                        416.507.068.487                     Associates
      Ventura bersama                                                 23.231.959.431                         30.738.291.569                     Joint ventures

      Jumlah                                                         589.897.769.119                        447.245.360.056                     Total

      Rincian entitas asosiasi dan ventura bersama                                                               Details of Group’s associates and joint
      dari Grup pada tanggal 31 Desember 2023 dan                                                                ventures as of December 31, 2023 and 2022
      2022 adalah sebagai berikut:                                                                               follows:
                                                                                                                    Kepemilikan dan
                                                                         Lokasi Usaha/                                Hak Suara/
                                                                        Negara Domisili/                            Ownership and
                          Nama Entitas/                                Place of Business/                            Voting Rights                                      Aktivitas Utama/
                          Name of Entity                             Country of Incorporation                              %                                            Principal Activity

      Asosiasi/Associates
         PT Matra Olahcipta                                                      Indonesia                                  50,00                       Pusat perbelanjaan/Shopping center
         PT Citraagung Tirta Jatim                                               Indonesia                                  40,00                       Pusat perbelanjaan/Shopping center
         PT Sahabat Kota Wisata                                                  Indonesia                                  40,00                       Pusat perbelanjaan/Shopping center
         PT Sahabat Duta Wisata                                                  Indonesia                                  40,00                       Pusat perbelanjaan/Shopping center
         PT Binamaju Mitra Sejati                                                Indonesia                                  25,50                       Perumahan/Real estate
         PT Keikyu Itomas Indonesia                                              Indonesia                                  10,00                       Perumahan/Real estate
         PT Bumi Paramudita Mas                                                  Indonesia                                  0,01                        Belum beroperasi komersial/No
                                                                                                                                                         commercial operation

      Ventura Bersama/Joint Ventures
         BKS Pasar Pagi - ITC Mangga Dua                                         Indonesia                                  40,00                       Pusat perbelanjaan/Shopping center
         PT Duti Diamond Development                                             Indonesia                                  30,00                       Perumahan/Real estate



      a.   Entitas Asosiasi                                                                                       a.        Associates

            Investasi dalam entitas asosiasi adalah                                                                         The details of investments in associates
            sebagai berikut:                                                                                                follows:
                                                                                                                    Perubahan selama Tahun 2023/
                                                                                                                        Changes during 2023

                                                                    Nilai                                                                                                                           Nilai
                                                                Penyertaan                                                                                           Ekuitas pada              Penyertaan
                                                               Awal Tahun/                                                                 Ekuitas pada                  Rugi                  Akhir Tahun/
                                            Persentase       Carrying Value of         Pembagian                 Penambahan                Laba (Rugi)            Komprehensif Lain/         Carrying Value of
                                           Kepemilikan/     Investments at the         Keuntungan/               Penyertaan/                  Bersih/               Share in Other          Investments at the
                    Nama Entitas/          Percentage of        Beginning                 Profit                  Addition on              Share in Net            Comprehensive                End of the
                  Name of Companies         Ownership           of the Year            Distribution              Investments               Profit (Loss)                Loss                       Year
                                                %

           PT Matra Olahcipta                  50,00            62.983.332.450                        -                         -                 (546.770.093)           (75.649.205)          62.360.913.152
           PT Citraagung Tirta Jatim           40,00             4.403.101.686                        -                         -                1.363.085.048            (44.719.843)           5.721.466.891
           PT Sahabat Kota Wisata              40,00           170.709.391.914                        -            73.764.000.000               (1.153.398.007)                     -          243.319.993.907
           PT Sahabat Duta Wisata              40,00            96.947.506.702                        -            66.880.000.000                  437.440.185                      -          164.264.946.887
           PT Binamaju Mitra Sejati            25,50            26.791.472.299          (10.200.000.000)                        -               16.660.345.615            (40.811.438)          33.211.006.476
           PT Keikyu Itomas Indonesia          10,00            54.672.262.662                        -                         -                3.115.219.002                      -           57.787.481.664
           PT Bumi Paramudita Mas              0,01                        774                        -                         -                          (63)                     -                      711
           Jumlah/Total                                        416.507.068.487          (10.200.000.000)          140.644.000.000               19.875.921.687           (161.180.486)         566.665.809.688


                                                                                                                     Perubahan selama Tahun 2022/
                                                                                                                         Changes during 2022
                                                                                                                                                                       Keuntungan yang
                                                                   Nilai                                                                                               Belum Direalisasi              Nilai
                                                               Penyertaan                                                                             Ekuitas pada       dari Transaksi           Penyertaan
                                                              Awal Tahun/                                                       Ekuitas pada              Rugi          dengan Entitas           Akhir Tahun/
                                            Persentase      Carrying Value of      Pembagian               Penambahan           Laba (Rugi)        Komprehensif Lain/       Asosiasi/          Carrying Value of
                                           Kepemilikan/    Investments at the      Keuntungan/             Penyertaan/             Bersih/           Share in Other   Unrealized Gains        Investments at the
                    Nama Entitas/          Percentage of       Beginning              Profit                Addition on         Share in Net        Comprehensive      on Transactions            End of the
                  Name of Companies         Ownership          of the Year         Distribution            Investments          Profit (Loss)            Loss         with the Associates            Year
                                                %

           PT Matra Olahcipta                  50,00          63.284.356.003                     -                      -         (295.257.115)           (5.766.438)                  -         62.983.332.450
           PT Citraagung Tirta Jatim           40,00           2.979.143.574                     -                      -        1.438.892.317           (14.934.205)                  -          4.403.101.686
           PT Sahabat Kota Wisata              40,00         140.033.242.209                     -         62.000.000.000          (93.768.397)                    -     (31.230.081.898)       170.709.391.914
           PT Sahabat Duta Wisata              40,00          59.792.160.380                     -         85.200.000.000       (1.760.637.745)                    -     (46.284.015.933)        96.947.506.702
           PT Binamaju Mitra Sejati            25,50          47.175.993.813       (12.750.000.000)                     -       (7.624.940.909)           (9.580.605)                  -         26.791.472.299
           PT Keikyu Itomas Indonesia          10,00          56.135.347.454                     -                      -       (1.463.084.792)                    -                   -         54.672.262.662
           PT Bumi Paramudita Mas               0,01                     776                     -                      -                   (2)                    -                   -                    774
           Jumlah/Total                                      369.400.244.209       (12.750.000.000)    147.200.000.000          (9.798.796.643)          (30.281.248)    (77.514.097.831)       416.507.068.487




                                                                                        - 55 -
Page 304
PT DUTA PERTIWI Tbk DAN ENTITAS ANAK                            PT DUTA PERTIWI Tbk AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                        Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                           For the Years Ended
31 Desember 2023 dan 2022                                                         December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                         (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                             unless Otherwise Stated)


        PT Sahabat Kota Wisata (SKW)                                    PT Sahabat Kota Wisata (SKW)

        Berdasarkan Pernyataan Keputusan Para                           Based on the Stockholders’ Decision
        Pemegang         Saham       SKW       yang                     Statement of SKW which documented on
        didokumentasikan dalam Akta No. 28                              Notarial Deed No. 28 dated July 21, 2023
        tanggal 21 Juli 2023 dari Ira Sudjono, S.H.,                    of Ira Sudjono, S.H., M.Hum., M.Kn.,
        M.Hum., M.Kn., M.M., M.Si., notaris di                          M.M., M.Si., a public notary in Jakarta,
        Jakarta, para pemegang saham menyetujui                         the stockholders agreed to increase its
        untuk meningkatkan modal ditempatkan                            issued and paid-up capital from
        dan disetor dari Rp 766.800.000.000 terdiri                     Rp 766,800,000,000 consisting of
        dari      766.800       saham       menjadi                     766,800 shares to Rp 839,410,000,000
        Rp 839.410.000.000 terdiri dari 839.410                         consisting of 839,410 shares. The
        saham. Kenaikan ini dilakukan secara                            increase in paid-up capital was done
        proporsional       sehingga       komposisi                     proportionately, thus, no change in
        persentase kepemilikan saham sebelum                            ownership interest of the stockholders.
        dan sesudah kenaikan modal tidak
        berubah.

        Berdasarkan Pernyataan Keputusan Para                           Based on the Stockholders’ Decision
        Pemegang       Saham       SKW       yang                       Statement of SKW which documented on
        didokumentasikan dalam Akta No. 66                              Notarial Deed No. 66 dated February 24,
        tanggal 24 Februari 2023 dari Ira Sudjono,                      2023 of Ira Sudjono, S.H., M.Hum.,
        S.H., M.Hum., M.Kn., M.M., M.Si., notaris                       M.Kn., M.M., M.Si., a public notary in
        di Jakarta, para pemegang saham                                 Jakarta, the stockholders agreed to
        menyetujui untuk meningkatkan modal                             increase its issued and paid-up capital
        ditempatkan     dan       disetor     dari                      from Rp 655,000,000,000 consisting of
        Rp 655.000.000.000 terdiri dari 655.000                         655,000 shares to Rp 766,800,000,000
        saham menjadi Rp 766.800.000.000 terdiri                        consisting of 766,800 shares. The
        dari 766.800 saham. Kenaikan ini                                increase in paid-up capital was done
        dilakukan secara proporsional sehingga                          proportionately, thus, no change in
        komposisi persentase kepemilikan saham                          ownership interest of the stockholders.
        sebelum dan sesudah kenaikan modal
        tidak berubah.

        Berdasarkan Pernyataan Keputusan Para                           Based on the Stockholders’ Decision
        Pemegang       Saham      SKW       yang                        Statement of SKW which documented on
        didokumentasikan dalam Akta No. 25                              Notarial Deed No. 25 dated October 13,
        tanggal 13 Oktober 2022 dari Ira Sudjono,                       2022 of Ira Sudjono, S.H., M.Hum.,
        S.H., M.Hum., M.Kn., M.M., M.Si., notaris                       M.Kn., M.M., M.Si., a public notary in
        di Jakarta, para pemegang saham                                 Jakarta, the stockholders agreed to
        menyetujui untuk meningkatkan modal                             increase its issued and paid-up capital
        ditempatkan      dan     disetor     dari                       from Rp 500,000,000,000 consisting of
        Rp 500.000.000.000 terdiri dari 500.000                         500,000 shares to Rp 655,000,000,000
        saham menjadi Rp 655.000.000.000 terdiri                        consisting of 655,000 shares. The
        dari 655.000 saham. Kenaikan ini                                increase in paid-up capital was done
        dilakukan secara proporsional sehingga                          proportionately, thus, no change in
        komposisi persentase kepemilikan saham                          ownership interest of the stockholders.
        sebelum dan sesudah kenaikan modal                              This change was approved by the
        tidak berubah. Perubahan ini telah                              Minister    of    Law    and    Human
        disetujui oleh Menteri Hukum dan                                Rights of the Republic of Indonesia
        Hak      Asasi      Manusia      Republik                       through      his     Decision    Letter
        Indonesia melalui Surat Keputusannya                            No. AHU-0075163.AH.01.02.Year 2022
        No. AHU-0075163.AH.01.02.Tahun 2022                             dated October 18, 2022.
        tanggal 18 Oktober 2022.

        Pada tahun 2022, PT Mekanusa Cipta                              In 2022, PT Mekanusa Cipta (MNC), a
        (MNC), entitas anak, mengakui penjualan                         subsidiary, recognized sale of land to
        tanah kepada SKW. Bagian keuntungan                             SKW. Unrealized gain on this transaction
        yang belum direalisasi dari transaksi                           amounted     to   Rp    31,230,081,898,
        tersebut sebesar Rp 31.230.081.898 atau                         representing ownership interest of MNC
        mencerminkan persentase kepemilikan                             in SKW of 40%.
        MNC pada SKW sebesar 40%.


                                                       - 56 -
Page 305
PT DUTA PERTIWI Tbk DAN ENTITAS ANAK                         PT DUTA PERTIWI Tbk AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                     Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                        For the Years Ended
31 Desember 2023 dan 2022                                                      December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                      (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                          unless Otherwise Stated)

        PT Sahabat Duta Wisata (SDW)                                 PT Sahabat Duta Wisata (SDW)

        Berdasarkan    Pernyataan      Keputusan                     Based     on     Stockholders’    Decision
        Para Pemegang Saham SDW yang                                 Statement     of    SDW      which    was
        didokumentasikan dalam Akta No. 14                           documented on Notarial Deed No. 14
        tanggal 3 November 2023 dari Ira Sudjono,                    dated November 3, 2023 of Ira Sudjono,
        S.H., M.Hum., M.Kn., M.M., M.Si., notaris                    S.H., M.Hum., M.Kn., M.M., M.Si., a
        di Jakarta, para pemegang saham                              public notary in Jakarta, the stockholders
        menyetujui untuk meningkatkan modal                          agreed to increase its issued and paid-up
        ditempatkan     dan      disetor     dari                    capital   from     Rp     513,000,000,000
        Rp 513.000.000.000 terdiri dari 513.000                      consisting of 513,000 shares to
        saham menjadi Rp 680.200.000.000 terdiri                     Rp 680,200,000,000 consisting of
        dari 680.200 saham. Kenaikan tersebut                        680,200 shares. The increase in paid-up
        dilakukan secara proporsional sehingga                       capital was done proportionately, thus,
        komposisi persentase kepemilikan saham                       no change in ownership interest
        sebelum dan sesudah kenaikan modal                           of the stockholders. This change
        tidak berubah. Perubahan ini telah                           has received notification of acceptance
        mendapat penerimaan pemberitahuan dari                       from the Minister of Law and Human
        Kementerian Hukum dan Hak Asasi                              Rights of the Republic of Indonesia
        Manusia Republik Indonesia dengan Surat                      based on his Acceptance Letter
        Penerimaan No. AHU-AH.01.03-0138393                          No.     AHU-AH.01.03-0138393        dated
        tanggal 7 November 2023.                                     November 7, 2023.

        Berdasarkan Pernyataan Keputusan Para                        Based on the Stockholders’ Decision
        Pemegang       Saham      SDW       yang                     Statement of SDW which documented on
        didokumentasikan dalam Akta No. 24                           Notarial Deed No. 24 dated October 13,
        tanggal 13 Oktober 2022 dari Ira Sudjono,                    2022 of Ira Sudjono, S.H., M.Hum.,
        S.H., M.Hum., M.Kn., M.M., M.Si., notaris                    M.Kn., M.M., M.Si., a public notary in
        di Jakarta, para pemegang saham                              Jakarta, the stockholders agreed to
        menyetujui untuk meningkatkan modal                          increase its issued and paid-up capital
        ditempatkan      dan     disetor     dari                    from Rp 300,000,000,000 consisting of
        Rp 300.000.000.000 terdiri dari 300.000                      300,000 shares to Rp 513,000,000,000
        saham menjadi Rp 513.000.000.000 terdiri                     consisting of 513,000 shares. The
        dari 513.000 saham. Kenaikan ini                             increase in paid-up capital was done
        dilakukan secara proporsional sehingga                       proportionately, thus, no change in
        komposisi persentase kepemilikan saham                       ownership interest of the stockholders.
        sebelum dan sesudah kenaikan modal                           This change was approved by the
        tidak berubah. Perubahan ini telah                           Minister of Law and Human Rights
        disetujui oleh Menteri Hukum dan                             of    the    Republic    of   Indonesia
        Hak      Asasi      Manusia      Republik                    through      his     Decision     Letter
        Indonesia melalui Surat Keputusannya                         No. AHU-0075167.AH.01.02.Year 2022
        No. AHU-0075167.AH.01.02.Tahun 2022                          dated October 18, 2022.
        tanggal 18 Oktober 2022.

        Pada tahun 2022, PT Putra Alvita Pratama                     In 2022, PT Putra Alvita Pratama (PAP),
        (PAP), entitas anak, mengakui penjualan                      a subsidiary, recognized sale of land to
        tanah kepada SDW. Bagian keuntungan                          SDW. Unrealized gain on this transaction
        yang belum direalisasi dari transaksi                        amounted     to   Rp     46,284,015,933,
        tersebut sebesar Rp 46.284.015.933 atau                      representing ownership interest of PAP in
        mencerminkan persentase kepemilikan                          SDW of 40%.
        PAP pada SDW sebesar 40%.

        PT Binamaju Mitra Sejati (BMS)                               PT Binamaju Mitra Sejati (BMS)

        Pada tahun 2023 dan 2022, BMS                                In 2023 and 2022, BMS agreed to
        membagikan     dividen   tunai   kepada                      distribute cash dividends to stockholders
        pemegang saham masing-masing sebesar                         amounting to Rp 40,000,000,000 or
        Rp 40.000.000.000 atau setara dengan                         equivalent to Rp 20,000 per share
        Rp 20.000 per lembar saham dan                               and Rp 50,000,000,000 or equivalent
        Rp 50.000.000.000 atau setara dengan                         to      Rp     25,000      per      share,
        Rp     25.000   per    lembar    saham.                      respectively.   The     share    of    the
        Bagian Perusahaan atas pembagian                             Company on these cash dividends
        dividen tunai masing-masing adalah                           amounted to Rp 10,200,000,000 and
        sebesar     Rp    10.200.000.000    dan                      Rp 12,750,000,000, respectively.
        Rp 12.750.000.000.



                                                    - 57 -
Page 306
PT DUTA PERTIWI Tbk DAN ENTITAS ANAK                                                       PT DUTA PERTIWI Tbk AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                                   Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                                      For the Years Ended
31 Desember 2023 dan 2022                                                                                    December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                                                    (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                                        unless Otherwise Stated)


         Grup tidak memiliki bagian atas liabilitas                                                          The Group has no share of any
         kontinjensi atau komitmen permodalan                                                                contingent   liabilities or   capital
         dari entitas asosiasi pada tanggal                                                                  commitments of the associates as of
         31 Desember 2023 dan 2022.                                                                          December 31, 2023 and 2022.

         Ikhtisar informasi keuangan entitas                                                                 The following summarizes the financial
         asosiasi, tanpa disesuaikan dengan                                                                  information    relating    to    material
         proporsi kepemilikan Grup, adalah sebagai                                                           associates, not adjusted for proportion of
         berikut:                                                                                            ownership:
                                                                                                        2023
                                          PT Matra          PT Citraagung       PT Sahabat            PT Sahabat            PT Binamaju           PT Keikyu         PT Bumi
                                          Olahcipta          Tirta Jatim        Kota Wisata           Duta Wisata            Mitra Sejati     Itomas Indonesia   Paramudita Mas

         Aset/Assets
           Lancar/Current              141.607.020.291      46.780.770.840      172.406.296.161      182.959.054.108       254.777.761.634    612.071.007.556        409.209.054
           Tidak lancar/Noncurrent         831.775.032     133.406.497.290    1.274.081.908.531      854.796.823.506        62.572.423.699                  -    742.939.069.011

         Jumlah/Total                  142.438.795.323     180.187.268.130    1.446.488.204.692     1.037.755.877.614      317.350.185.333    612.071.007.556    743.348.278.065

         Liabilitas/Liabilities
           Jangka pendek/Current        12.138.561.601      33.975.802.954         613.263.098        70.240.424.042       210.401.600.794     34.196.190.921         27.485.544
           Jangka panjang/Noncurrent     6.395.760.218     131.907.797.949     586.930.372.722       286.922.823.236         5.642.566.474                  -                  -

         Jumlah/Total                   18.534.321.819     165.883.600.903     587.543.635.820       357.163.247.278       216.044.167.268     34.196.190.921         27.485.544

         Pendapatan/Revenue              9.456.646.839      65.362.655.134                   -                        -    164.808.534.261    100.420.094.186                 -
         Beban/Expenses                  2.579.849.788      64.229.049.910       4.045.362.836           (1.556.666.263)    97.212.294.379    101.267.207.155       368.446.135
         Laba (rugi) bersih/
           Net profit (loss)            (1.093.540.187)      3.407.712.620       (2.883.495.019)         1.093.600.463      65.334.688.686     31.152.190.043     (5.290.200.997)




                                                                                                         2022
                                           PT Matra          PT Citraagung       PT Sahabat           PT Sahabat            PT Binamaju           PT Keikyu         PT Bumi
                                           Olahcipta          Tirta Jatim        Kota Wisata          Duta Wisata            Mitra Sejati     Itomas Indonesia   Paramudita Mas

         Aset/Assets
           Lancar/Current               140.954.905.652      50.746.054.933     67.744.915.298       117.013.935.849       279.534.439.037    608.743.205.284        280.722.019
           Tidak lancar/Noncurrent        1.663.953.637     149.951.308.138    908.562.278.555       543.917.790.216        63.061.880.879        226.750.204    101.640.811.866

         Jumlah/Total                   142.618.859.289     200.697.363.071    976.307.193.853       660.931.726.065       342.596.319.916    608.969.955.488    101.921.533.885

         Liabilitas/Liabilities
           Jangka pendek/Current         12.729.218.894      35.870.063.450        711.180.478        33.063.428.202       260.983.442.169     62.247.326.896         26.544.000
           Jangka panjang/Noncurrent      4.740.328.295     153.819.545.406    298.177.949.484       115.569.267.990         5.481.503.521                  -                  -

         Jumlah/Total                    17.469.547.189     189.689.608.856    298.889.129.962       148.632.696.192       266.464.945.690     62.247.326.896         26.544.000

         Pendapatan/Revenue               9.308.152.953      66.087.436.953                   -                      -       1.508.154.931     84.123.470.579                  -
         Beban/Expenses                   3.818.408.010      63.622.051.270       1.181.118.013          1.016.868.851      25.907.623.118     83.539.418.787       (352.804.590)
         Laba (rugi) bersih/
           Net profit (loss)               (590.514.233)      3.597.230.793        (234.420.991)       (4.401.594.363)     (29.901.729.062)   (14.630.847.943)      (352.720.604)




    b.   Ventura Bersama                                                                            b.       Joint Ventures

         Perubahan dalam kepentingan pada                                                                    Movement of interests in the                                joint
         ventura bersama, adalah sebagai berikut:                                                            ventures is summarized as follows:

                                                                     2023                                2022

         Saldo awal                                             30.738.291.569                     37.329.842.139                Beginning balance
         Penambahan penyertaan                                   5.775.000.000                                  -                Additional investments
         Ekuitas pada rugi bersih                                                                                                Share in net loss during
           tahun berjalan                                      (13.275.294.165)                    (6.596.092.831)                the year
         Ekuitas pada penghasilan                                                                                                Share in other comprehensive
           (rugi) komprehensif lain                                    (6.037.973)                          4.542.261             income (loss)

         Saldo akhir                                             23.231.959.431                    30.738.291.569                Ending balance




                                                                              - 58 -
Page 307
PT DUTA PERTIWI Tbk DAN ENTITAS ANAK                           PT DUTA PERTIWI Tbk AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                       Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                          For the Years Ended
31 Desember 2023 dan 2022                                                        December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                        (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                            unless Otherwise Stated)


        PT Duti Diamond Development (DDD)                              PT Duti Diamond Development (DDD)

        Berdasarkan      Pernyataan      Keputusan                     Based on the Stockholders’ Circular
        Sirkuler Para Pemegang Saham DDD yang                          Decision Statement of DDD which
        didokumentasikan dalam Akta No. 54                             documented on Notarial Deed No. 54
        tanggal 28 Februari 2023 dari Khrisna                          dated February 28, 2023 of Khrisna
        Sanjaya, S.H., M.Kn., notaris di Tangerang                     Sanjaya, S.H., M.Kn., a public notary in
        Selatan,     para    pemegang       saham                      South Tangerang, the stockholders
        menyetujui untuk meningkatkan modal                            agreed to increase its issued and paid-up
        ditempatkan       dan     disetor      dari                    capital   from    Rp      363,000,000,000
        Rp 363.000.000.000 terdiri dari 363.000                        consisting of 363,000 shares to
        saham menjadi Rp 382.250.000.000 terdiri                       Rp 382,250,000,000 consisting of
        dari 382.250 saham. Kenaikan ini                               382,250 shares. The increase in paid-up
        dilakukan secara proporsional sehingga                         capital was done proportionately, thus,
        komposisi persentase kepemilikan saham                         no change in ownership interest of
        sebelum dan sesudah kenaikan modal                             the stockholders. The notifications of
        tidak berubah. Perubahan ini telah                             acceptance for this change was received
        mendapat penerimaan pemberitahuan dari                         by the Minister of Law and Human
        Kementerian Hukum dan Hak Asasi                                Rights      of    the      Republic    of
        Manusia Republik Indonesia melalui Surat                       Indonesia through his Acceptance Letter
        Penerimaan No. AHU-AH.01.03-0039534                            No.     AHU-AH.01.03-0039534        dated
        tanggal 13 Maret 2023.                                         March 13, 2023.

        Grup tidak memiliki bagian atas liabilitas                     The Group has no share of any
        kontinjensi atau komitmen permodalan                           contingent   liabilities or   capital
        dari ventura bersama pada tanggal                              commitments of joint ventures as of
        31 Desember 2023 dan 2022.                                     December 31, 2023 and 2022.

        Ikhtisar informasi keuangan ventura                            The following summarizes the financial
        bersama, tanpa disesuaikan dengan                              information relating to the joint venture,
        proporsi kepemilikan Grup, adalah sebagai                      not adjusted for proportion of ownership:
        berikut:

                                               2023                 2022

        Aset                                                                      Assets
                                                                                   Current - Cash and cash
          Lancar - kas dan setara kas        7.669.622.689       11.512.933.485      equivalents
          Lancar (tidak termasuk kas                                               Current (excluding cash and cash
            dan setara kas)                294.148.729.866      315.663.821.977      equivalents)
          Tidak lancar                      18.223.320.481       24.033.933.299    Noncurrent
        Jumlah                             320.041.673.036      351.210.688.761   Total

        Liabilitas                                                                Liabilities
          Jangka pendek - utang usaha,                                              Current - Trade and other accounts
            utang lain-lain dan provisi                   -                   -       payable and provision
          Jangka pendek (tidak termasuk                                             Current (excluding trade and
            utang usaha, utang lain-lain                                              other accounts payable
            dan provisi)                        89.383.758       20.063.328.117       and provision)
          Jangka panjang (tidak termasuk                                            Noncurrent (excluding trade and
            utang usaha, utang lain-lain                                              other accounts payable and
            dan provisi)                    16.118.766.340        1.800.583.938       provision)
        Jumlah                              16.208.150.098       21.863.912.055   Total
        Jumlah ekuitas                     303.833.522.938      329.346.776.706   Total equity




                                                      - 59 -
Page 308
PT DUTA PERTIWI Tbk DAN ENTITAS ANAK                                     PT DUTA PERTIWI Tbk AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                 Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                    For the Years Ended
31 Desember 2023 dan 2022                                                                  December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                                  (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                      unless Otherwise Stated)


                                                       2023                       2022

           Pendapatan                                5.040.757.216             4.878.281.578       Revenues
           Penyusutan dan amortisasi                 2.758.098.447             2.760.058.569       Depreciation and amortization
           Pendapatan bunga                            883.504.406               588.706.850       Interest income
           Rugi sebelum pajak                      (44.743.127.189)           (22.368.944.991)     Loss before tax
           Beban pajak                                            -                          -     Tax expense
           Rugi tahun berjalan                     (44.743.127.189)           (22.368.944.991)     Loss for the year
           Penghasilan (rugi)                                                                      Other comprehensive
             komprehensif lain                         (20.126.577)                15.140.871        income (loss)
           Jumlah rugi komprehensif                (44.763.253.766)           (22.353.804.120)     Total comprehensive loss


      Grup tidak membentuk cadangan kerugian                                   The Group did not provide allowance for
      penurunan nilai atas investasi dalam saham                               impairment in value of the aforementioned
      pada entitas-entitas di atas, karena manajemen                           investments in these companies since
      berkeyakinan bahwa entitas-entitas tersebut                              management believes that these companies
      masih memiliki potensi pertumbuhan dalam                                 still have long-term growth potentials as most
      jangka panjang mengingat sebagian besar                                  of these companies engage in the real estate
      entitas-entitas tersebut bergerak dalam jenis                            business.
      usaha real estat.


13.   Tanah yang Belum Dikembangkan                                     13.    Land for Development

      Terdiri dari:                                                            This account consists of:

                                                                         2023                                       2022
      Nama Proyek/            Lokasi/                   Luas Tanah/              Jumlah/            Luas Tanah/            Jumlah/
      Name of Project         Location                   Land Area               Amount              Land Area             Amount
                                                          m2/sqm                                      m2/sqm

      Roxy II               Roxy, Jakarta Pusat             177.019        1.456.531.081.684            176.659      1.344.939.441.157
      Surabaya*             Benowo, Surabaya              4.352.954        1.430.563.362.794          4.352.954      1.427.506.867.442
      Grand Wisata          Bekasi                        4.805.922          716.643.962.363          4.810.801        682.280.408.680
      Kota Wisata           Cibubur, Jawa Barat           1.833.685          807.649.866.946          2.453.380      1.016.319.788.385
      Bekasi *              Bekasi                          850.306          120.931.867.153            850.306        120.931.867.153
      Mangga Dua Center     Jagirwonokromo, Surabaya         24.186           16.777.807.556             24.186         15.521.619.556
      Kota Bunga            Desa Sukanagalih dan/and
                            Desa Batulawang                   64.715            8.027.054.168            64.715            8.027.054.168

      Jumlah/Total                                      12.108.787         4.557.125.002.664        12.733.001       4.615.527.046.541

      * proyek entitas anak yang masih dalam tahap pra-operasi (Catatan 1c)/
        projects of subsidiaries in pre-operating stage (Note 1c)


      Mutasi pada akun tanah yang                      belum                   Movements in land for development account
      dikembangkan adalah sebagai berikut:                                     follows:

                                                       2023                     2022

      Saldo awal                                4.615.527.046.541        4.522.333.099.338       Beginning balance
      Penambahan selama tahun berjalan            174.158.679.230          136.209.078.659       Additions during the year
      Pengurangan selama tahun berjalan          (232.560.723.107)         (43.015.131.456)      Deductions during the year

      Saldo akhir                               4.557.125.002.664        4.615.527.046.541       Ending balance


      Pada tanggal 31 Desember 2023 dan 2022,                                  As of December 31, 2023 and 2022, all of the
      seluruh tanah yang belum dikembangkan                                    land for development are under the name of
      adalah atas nama Grup.                                                   the Group.




                                                               - 60 -
Page 309
PT DUTA PERTIWI Tbk DAN ENTITAS ANAK                                                 PT DUTA PERTIWI Tbk AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                             Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                                For the Years Ended
31 Desember 2023 dan 2022                                                                              December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                                              (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                                  unless Otherwise Stated)


      Manajemen berkeyakinan bahwa tidak terdapat                                         Management believes that there is no
      penurunan nilai atas aset tersebut pada tanggal                                     impairment in value of the aforementioned
      31 Desember 2023 dan 2022.                                                          assets as of December 31, 2023 and 2022.


14.   Aset Tetap                                                                    14.   Property and Equipment
                                                                     Perubahan selama Tahun 2023/
                                                                         Changes during 2023
                                     1 Januari 2023/      Penambahan/       Pengurangan/     Reklasifikasi/      31 Desember 2023/
                                     January 1, 2023        Additions        Deductions     Reclassifications    December 31, 2023

      Biaya perolehan:                                                                                                                At cost:
      Kepemilikan langsung                                                                                                            Direct acquisitions
        Tanah                         43.458.404.729                   -                  -                 -      43.458.404.729        Land
        Bangunan                     471.902.498.791                   -                  -     1.454.100.000     473.356.598.791        Buildings
        Sarana pelengkap bangunan      5.078.908.212       2.549.955.091                  -                 -       7.628.863.303        Building improvements
        Perbaikan aset yang disewa     1.538.943.105                   -                  -                 -       1.538.943.105        Leasehold improvements
        Mesin-mesin                   99.449.322.550           8.018.017                  -                 -      99.457.340.567        Machinery
        Inventaris                   228.034.021.296       5.482.384.540                  -                 -     233.516.405.836        Furniture and fixtures
        Kendaraan                     45.765.044.635       6.576.049.477     (8.818.521.473)                -      43.522.572.639        Transportation equipment
      Jumlah                         895.227.143.318      14.616.407.125     (8.818.521.473)    1.454.100.000     902.479.128.970     Subtotal
      Aset tetap dalam pembangunan       924.258.667        624.835.500                   -    (1.454.100.000)         94.994.167     Construction in progress
      Jumlah                         896.151.401.985      15.241.242.625     (8.818.521.473)                -     902.574.123.137     Total

      Akumulasi penyusutan:                                                                                                           Accumulated depreciation:
      Kepemilikan langsung                                                                                                            Direct acquisitions
        Bangunan                     312.440.695.665      12.204.991.306                  -                 -     324.645.686.971        Buildings
        Sarana pelengkap bangunan      5.025.236.010          73.602.323                  -                 -       5.098.838.333        Building improvements
        Perbaikan aset yang disewa     1.538.943.105                   -                  -                 -       1.538.943.105        Leasehold improvements
        Mesin-mesin                   97.022.815.595       1.256.337.962                  -                 -      98.279.153.557        Machinery
        Inventaris                   213.623.001.142       5.760.449.527                  -                 -     219.383.450.669        Furniture and fixtures
        Kendaraan                     33.450.191.813       1.997.000.612     (8.644.938.169)                -      26.802.254.256        Transportation equipment
      Jumlah                         663.100.883.330      21.292.381.730     (8.644.938.169)                -     675.748.326.891     Subtotal

      Nilai Tercatat                 233.050.518.655                                                              226.825.796.246     Net Carrying Value




                                                                Perubahan selama Tahun 2022/
                                                                      Changes during 2022
                                      1 Januari 2022/         Penambahan/         Pengurangan/        31 Desember 2022/
                                      January 1, 2022           Additions          Deductions         December 31, 2022

      Biaya perolehan:                                                                                                     At cost:
      Kepemilikan langsung                                                                                                 Direct acquisitions
        Tanah                           43.458.404.729                     -                     -       43.458.404.729       Land
        Bangunan                       471.902.498.791                     -                     -      471.902.498.791       Buildings
        Sarana pelengkap bangunan        5.041.748.212            37.160.000                     -        5.078.908.212       Building improvements
        Perbaikan aset yang disewa       1.538.943.105                     -                     -        1.538.943.105       Leasehold improvements
        Mesin-mesin                     99.364.007.234            85.315.316                     -       99.449.322.550       Machinery
        Inventaris                     219.509.012.631         8.525.008.665                     -      228.034.021.296       Furniture and fixtures
        Kendaraan                       35.675.233.645        10.878.178.000          (788.367.010)      45.765.044.635       Transportation equipment
      Jumlah                           876.489.848.347        19.525.661.981          (788.367.010)     895.227.143.318    Subtotal
      Aset tetap dalam pembangunan           94.994.167         829.264.500                      -          924.258.667    Construction in progress
      Jumlah                           876.584.842.514        20.354.926.481          (788.367.010)     896.151.401.985    Total

      Akumulasi penyusutan:                                                                                                Accumulated depreciation:
      Kepemilikan langsung                                                                                                 Direct acquisitions
        Bangunan                       300.412.611.110        12.028.084.555                     -      312.440.695.665       Buildings
        Sarana pelengkap bangunan        5.000.572.842            24.663.168                     -        5.025.236.010       Building improvements
        Perbaikan aset yang disewa       1.538.943.105                     -                     -        1.538.943.105       Leasehold improvements
        Mesin-mesin                     84.562.523.994        12.460.291.601                     -       97.022.815.595       Machinery
        Inventaris                     208.129.084.616         5.493.916.526                     -      213.623.001.142       Furniture and fixtures
        Kendaraan                       32.763.816.128         1.474.742.695          (788.367.010)      33.450.191.813       Transportation equipment
      Jumlah                           632.407.551.795        31.481.698.545          (788.367.010)     663.100.883.330    Subtotal

      Nilai Tercatat                   244.177.290.719                                                  233.050.518.655    Net Carrying Value




                                                                           - 61 -
Page 310
PT DUTA PERTIWI Tbk DAN ENTITAS ANAK                                  PT DUTA PERTIWI Tbk AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                              Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                 For the Years Ended
31 Desember 2023 dan 2022                                                               December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                               (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                   unless Otherwise Stated)


    Pembebanan         penyusutan        adalah    sebagai                 Depreciation expense are allocated as follows:
    berikut:

                                                     2023                    2022

    Beban pokok penjualan (Catatan 35)             5.713.553.832       16.924.875.151      Cost of revenues (Note 35)
    Beban umum dan administrasi                                                            General and administrative expenses
      (Catatan 36b)                               13.596.293.436       12.819.904.479        (Note 36b)
    Lain-lain - Bersih (Catatan 40)                1.982.534.462        1.736.918.915      Others - Net (Note 40)

    Jumlah                                        21.292.381.730       31.481.698.545      Total


    Pengurangan selama tahun 2023 dan 2022                                 Deductions in 2023 and 2022 include the sale
    merupakan penjualan kendaraan dengan rincian                           of transportation equipment with details as
    sebagai berikut:                                                       follows:

                                                     2023                    2022

    Harga jual                                     1.209.036.036             204.434.234   Selling price
    Nilai tercatat                                   173.583.304                       -   Net carrying value

    Keuntungan atas penjualan                      1.035.452.732             204.434.234   Gain on sale

    Reklasifikasi pada tahun 2023 merupakan                                Reclassification      in    2023       represents
    reklasifikasi dari aset tetap dalam pembangunan                        reclassification from construction in progress to
    ke bangunan Rp 1.454.100.000.                                          buildings amounting to Rp 1,454,100,000.

    Grup memiliki beberapa bidang tanah terletak di                        The Group own several parcels of land located
    Balikpapan dan Jakarta dengan rincian sebagai                          in Jakarta and Balikpapan with details follows:
    berikut:

                                                       2023 dan/and 2022

    Hotel Le Grandeur Balikpapan, Balikpapan                31.705.471.994     Hotel Le Grandeur Balikpapan, Balikpapan
    Hotel Le Grandeur Mangga Dua, Jakarta                   11.513.862.855     Hotel Le Grandeur Mangga Dua, Jakarta
    Taman Permata Buana, Jakarta                               239.069.880     Taman Permata Buana, Jakarta

    Jumlah                                                  43.458.404.729     Total

    Kepemilikan Grup atas tanah Hotel Le Grandeur                          The parcels of land, where Le Grandeur
    Mangga Dua, Hotel Le Grandeur Balikpapan                               Mangga Dua Hotel, Le Grandeur Balikpapan
    dan Taman Permata Buana adalah berupa hak                              Hotel and Taman Permata Buana are situated,
    guna bangunan yang jatuh tempo masing-                                 are owned by the Group with Building Use
    masing pada tahun 2028, 2028, dan 2026.                                Rights (Hak Guna Bangunan or HGB) which
                                                                           will expire in 2028, 2028, and 2026,
                                                                           respectively.

    Aset tetap, kecuali tanah, diasuransikan                               Property and equipment, except land,
    terhadap    risiko    kebakaran,    kerusakan,                         are insured against risks of fire, damages, theft
    pencurian dan risiko lainnya. Pada tanggal                             and other possible risks. As of December 31,
    31 Desember 2023 dan 2022, aset tetap                                  2023 and 2022, these assets are insured with
    tersebut diasuransikan kepada PT Asuransi                              PT Asuransi Sinar Mas, a related party
    Sinar Mas, pihak berelasi (Catatan 43), dengan                         (Note 43), for Rp 311,989,111,586 and
    jumlah pertanggungan masing-masing sebesar                             US$ 59,979,299 and Rp 208,440,730,826 and
    Rp 311.989.111.586 dan US$ 59.979.299 dan                              US$ 64,119,636, respectively. Management
    Rp 208.440.730.826 dan US$ 64.119.636.                                 believes that the insurance coverages are
    Manajemen       berkeyakinan     bahwa     nilai                       adequate to cover possible losses on the
    pertanggungan tersebut cukup untuk menutup                             assets insured.
    kemungkinan kerugian atas aset yang
    dipertanggungkan.




                                                             - 62 -
Page 311
PT DUTA PERTIWI Tbk DAN ENTITAS ANAK                                 PT DUTA PERTIWI Tbk AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                             Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                For the Years Ended
31 Desember 2023 dan 2022                                                              December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                              (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                  unless Otherwise Stated)


      Pada tanggal 31 Desember 2023 dan 2022,                              As of December 31, 2023 and 2022, the
      estimasi nilai wajar berupa tanah dan bangunan                       estimated fair value of land and buildings of
      hotel serta bangunan dan mesin proyek Go Wet                         Hotel and buildings and machinery of Go Wet
      adalah sebesar Rp 1.253.097.000.000. Estimasi                        project amounted to Rp 1,253,097,000,000.
      nilai wajar berdasarkan hasil laporan oleh                           The estimated fair value was based on report
      KJPP Rengganis, Hamid & Rekan, penilai                               of KJPP Rengganis, Hamid & Partners, an
      independen, masing-masing pada tanggal                               independent appraiser, dated March 1, 2023
      1 Maret 2023 dan 28 Februari 2023.                                   and February 28, 2023, respectively.

      Manajemen berkeyakinan bahwa tidak terdapat                          Management believes that there is no
      perubahan signifikan atas nilai wajar aset tetap                     significant change in the fair value of property
      selama periode sejak tanggal laporan penilai                         and equipment from the last valuation report
      independen sampai dengan tanggal laporan                             date up to consolidated statements of financial
      posisi keuangan konsolidasian dan tidak                              position date and that there is no impairment in
      terdapat penurunan nilai atas aset tersebut                          value of the aforementioned assets as of
      pada tanggal 31 Desember 2023 dan 2022.                              December 31, 2023 and 2022.


15.   Aset Hak-Guna                                                15.     Right-of-Use Assets

                                                     Perubahan selama Tahun 2023/
                                                          Changes during 2023
                               1 Januari 2023/    Penambahan/         Pengurangan/         31 Desember 2023/
                               January 1, 2023      Additions          Deductions          December 31, 2023

      Biaya perolehan:                                                                                         At cost:
        Tanah                     6.389.000.000                -         (2.500.000.000)       3.889.000.000      Land
        Bangunan                  2.215.671.279                -                      -        2.215.671.279      Buildings
        Peralatan kantor          7.001.325.376                -                      -        7.001.325.376      Office equipment
      Jumlah                     15.605.996.655                -         (2.500.000.000)      13.105.996.655   Total

      Akumulasi penyusutan:                                                                                    Accumulated depreciation:
        Tanah                     2.430.400.000    1.066.660.510         (2.500.000.000)         997.060.510     Land
        Bangunan                  2.141.815.590       73.855.689                      -        2.215.671.279     Buildings
        Peralatan kantor          2.323.634.279    2.317.824.674                      -        4.641.458.953     Office equipment
      Jumlah                      6.895.849.869    3.458.340.873         (2.500.000.000)       7.854.190.742   Total

      Nilai Tercatat              8.710.146.786                                                5.251.805.913   Net Carrying Value



                                                     Perubahan selama Tahun 2022/
                                                           Changes during 2022
                               1 Januari 2022/    Penambahan/          Pengurangan/        31 Desember 2022/
                               January 1, 2022      Additions           Deductions         December 31, 2022

      Biaya perolehan:                                                                                         At cost:
        Tanah                     2.500.000.000    3.889.000.000                      -        6.389.000.000      Land
        Bangunan                  2.215.671.279                -                      -        2.215.671.279      Buildings
        Peralatan kantor          8.938.565.931    7.001.325.376         (8.938.565.931)       7.001.325.376      Office equipment
      Jumlah                     13.654.237.210   10.890.325.376         (8.938.565.931)      15.605.996.655   Total

      Akumulasi penyusutan:                                                                                    Accumulated depreciation:
        Tanah                     1.597.120.000      833.280.000                      -        2.430.400.000     Land
        Bangunan                  1.698.681.330      443.134.260                      -        2.141.815.590     Buildings
        Peralatan kantor          6.781.057.954    2.323.634.279         (6.781.057.954)       2.323.634.279     Office equipment
      Jumlah                     10.076.859.284    3.600.048.539         (6.781.057.954)       6.895.849.869   Total
      Nilai Tercatat              3.577.377.926                                                8.710.146.786   Net Carrying Value



      Pengurangan aset hak-guna pada tahun 2023                            Deductions of right-of-use assets in 2023 and
      dan 2022 sehubungan dengan selesainya                                2022 is due to the expiration of the lease
      periode masa sewa.                                                   period.




                                                          - 63 -
Page 312
PT DUTA PERTIWI Tbk DAN ENTITAS ANAK                                                             PT DUTA PERTIWI Tbk AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                                         Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                                            For the Years Ended
31 Desember 2023 dan 2022                                                                                          December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                                                          (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                                              unless Otherwise Stated)


      Pembebanan                   penyusutan          adalah         sebagai                          Depreciation expense are allocated as follows:
      berikut:

                                                                        2023                                2022

      Beban pokok penjualan (Catatan 35)                                 73.855.689                         443.134.260             Cost of revenues (Note 35)
      Beban umum dan administrasi                                                                                                   General and administrative expenses
        (Catatan 36b)                                                 3.131.899.692                    2.904.328.788                  (Note 36b)
      Lain-lain - Bersih (Catatan 40)                                   252.585.492                      252.585.491                Others - Net (Note 40)

      Jumlah                                                          3.458.340.873                    3.600.048.539                Total

      Manajemen berkeyakinan bahwa tidak terdapat                                                      Management believes that there is no
      penurunan nilai atas asset hak-guna pada                                                         impairment in value of the aforementioned
      tanggal 31 Desember 2023 dan 2022.                                                               right-of-use assets as of December 31, 2023
                                                                                                       and 2022.


16.   Properti Investasi                                                                      16.      Investment Properties

      Pada tanggal 31 Desember 2023 dan                                                                As of December 31, 2023 and 2022, the
      2022, properti investasi berlokasi di Jakarta,                                                   investment properties are located in Jakarta,
      Bekasi, Depok dan Semarang dan disewakan                                                         Bekasi, Depok and Semarang and being
      kepada pihak ketiga berdasarkan perjanjian                                                       leased out to third parties (Note 45).
      sewa (Catatan 45).
                                                                                  Perubahan selama Tahun 2023/
                                                                                       Changes during 2023
                                     Luas Area/   1 Januari 2023/     Penambahan/         Pengurangan/        Reklasifikasi/          31 Desember 2023/
                                       Area       January 1, 2023      Additions           Deductions       Reclassifications         December 31, 2023
                                      m2/sqm
      Biaya perolehan:                                                                                                                                       At cost:
         Kepemilikan langsung                                                                                                                                   Direct acquisitions
           Sinarmas Land Plaza          84.646      720.046.615.454      221.400.000                   -                       -         720.268.015.454           Sinarmas Land Plaza
           Cashbac                       2.585       53.392.535.100                -                   -                       -          53.392.535.100           Cashbac
           Sopo Del Tower                2.754      116.372.794.645                -                   -                       -         116.372.794.645           Sopo Del Tower
           Mega ITC Cempaka Mas         14.720       59.976.839.757                -                   -                       -          59.976.839.757           Mega ITC Cempaka Mas
           ITC Kuningan                 11.674       16.899.293.794                -                   -                       -          16.899.293.794           ITC Kuningan
           ITC Depok                    11.600       87.872.424.952                -                   -                       -          87.872.424.952           ITC Depok
           Grand Wisata                 24.195       50.777.849.600                -                   -           5.387.514.000          56.165.363.600           Grand Wisata
           DP Mall Semarang             53.633      669.132.865.463                -                   -                       -         669.132.865.463           DP Mall Semarang
           Aeon Mall South Gate         47.586    1.096.104.264.239                -                   -                       -       1.096.104.264.239           Aeon Mall South Gate

        Jumlah                         253.393    2.870.575.483.004      221.400.000                   -           5.387.514.000       2.876.184.397.004       Subtotal

        Aset tetap dalam rangka
          bangun, kelola, dan                                                                                                                                  Properties under build, operate,
          alih                                                                                                                                                    and transfer agreement
          Jembatan                                  56.615.865.596                  -                  -                        -           56.615.865.596        Bridge
          Kios                                       1.488.082.168                  -     (1.488.082.168)                       -                        -        Kiosk
          Pusat jajan                                1.501.973.743                  -                  -                        -            1.501.973.743        Food court
          Parkir                                     1.337.379.312                  -                  -                        -            1.337.379.312        Parking
          Terowongan                                 6.215.378.136                  -                  -                        -            6.215.378.136        Underground channel

        Jumlah                                      67.158.678.955                  -     (1.488.082.168)                       -           65.670.596.787     Subtotal
        Properti investasi dalam
          pembangunan                                1.373.000.000    108.611.618.793                  -                        -        109.984.618.793       Construction in progress

        Jumlah                                    2.939.107.161.959   108.833.018.793     (1.488.082.168)          5.387.514.000       3.051.839.612.584       Total

      Akumulasi penyusutan:                                                                                                                                  Accumulated depreciation:
        Kepemilikan langsung                                                                                                                                   Direct acquisitions
          Sinarmas Land Plaza                      407.206.453.320     19.658.755.713                  -                        -        426.865.209.033          Sinarmas Land Plaza
          Cashbac                                   15.469.517.287      1.753.644.323                  -                        -         17.223.161.610          Cashbac
          Sopo Del Tower                            23.274.558.912      5.818.639.728                  -                        -         29.093.198.640          Sopo Del Tower
          Mega ITC Cempaka Mas                      51.889.773.753                  -                  -                        -         51.889.773.753          Mega ITC Cempaka Mas
          ITC Kuningan                              16.547.225.172        352.068.622                  -                        -         16.899.293.794          ITC Kuningan
          ITC Depok                                 10.743.433.628        611.000.964                  -                        -         11.354.434.592          ITC Depok
          Grand Wisata                                 613.915.875        272.851.500                  -                        -            886.767.375          Grand Wisata
          DP Mall Semarang                         169.075.614.941     25.338.833.173                  -                        -        194.414.448.114          DP Mall Semarang
          Aeon Mall South Gate                     111.353.725.896     49.490.544.840                  -                        -        160.844.270.736          Aeon Mall South Gate

        Jumlah                                     806.174.218.784    103.296.338.863                  -                        -        909.470.557.647       Subtotal




                                                                                    - 64 -
Page 313
PT DUTA PERTIWI Tbk DAN ENTITAS ANAK                                                             PT DUTA PERTIWI Tbk AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                                         Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                                            For the Years Ended
31 Desember 2023 dan 2022                                                                                          December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                                                          (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                                              unless Otherwise Stated)

                                                                                  Perubahan selama Tahun 2023/
                                                                                       Changes during 2023
                                     Luas Area/   1 Januari 2023/     Penambahan/         Pengurangan/        Reklasifikasi/           31 Desember 2023/
                                       Area       January 1, 2023      Additions           Deductions       Reclassifications          December 31, 2023
                                      m2/sqm

       Aset tetap dalam rangka                                                                                                                                   Properties under build, operate,
          bangun, kelola, dan alih                                                                                                                                     and transfer agreement
          Jembatan                                  39.165.408.170      2.095.263.007                  -                          -        41.260.671.177              Bridge
          Kios                                       1.488.082.303               (135)    (1.488.082.168)                         -                     -              Kiosk
          Pusat jajan                                1.403.496.083         69.130.740                  -                          -         1.472.626.823              Food court
          Parkir                                     1.249.935.381         61.725.204                  -                          -         1.311.660.585              Parking
          Terowongan                                 4.889.430.779        248.615.129                  -                          -         5.138.045.908              Underground channel

       Jumlah                                       48.196.352.716      2.474.733.945     (1.488.082.168)                         -        49.183.004.493        Subtotal

    Jumlah                                         854.370.571.500    105.771.072.808     (1.488.082.168)                         -       958.653.562.140     Total

    Nilai Tercatat                                2.084.736.590.459                                                                      2.093.186.050.444    Net Carrying Value



                                                                                 Perubahan selama Tahun 2022/
                                                                                      Changes during 2022
                                     Luas Area/    1 Januari 2022/    Penambahan/       Pengurangan/       Reklasifikasi/             31 Desember 2022/
                                       Area        January 1, 2022     Additions         Deductions       Reclassifications           December 31, 2022
                                      m2/sqm
    Biaya perolehan:                                                                                                                                         At cost:
       Kepemilikan langsung                                                                                                                                     Direct acquisitions
         Sinarmas Land Plaza             84.646     720.046.615.454                 -                -                     -             720.046.615.454           Sinarmas Land Plaza
         Cashbac (d/h Dimo Space)         2.585      53.392.535.100                 -                -                     -              53.392.535.100           Cashbac (formerly Dimo Space)
         Sopo Del Tower                   2.754     116.372.794.645                 -                -                     -             116.372.794.645           Sopo Del Tower
         Mega ITC Cempaka Mas            14.720      59.976.839.757                 -                -                     -              59.976.839.757           Mega ITC Cempaka Mas
         ITC Kuningan                    11.674      16.899.293.794                 -                -                     -              16.899.293.794           ITC Kuningan
         ITC Depok                       11.600      87.872.424.952                 -                -                     -              87.872.424.952           ITC Depok
         Grand Wisata                    24.195      45.399.029.600                 -                -         5.378.820.000              50.777.849.600           Grand Wisata
         DP Mall Semarang                53.633     668.692.865.463                 -                -           440.000.000             669.132.865.463           DP Mall Semarang
         Aeon Mall South Gate            47.586   1.096.104.264.239                 -                -                     -           1.096.104.264.239           Aeon Mall South Gate

       Jumlah                          253.393    2.864.756.663.004                 -                -         5.818.820.000           2.870.575.483.004       Subtotal

       Aset tetap dalam rangka
         bangun, kelola, dan                                                                                                                                   Properties under build, operate,
         alih                                                                                                                                                     and transfer agreement
         Jembatan                                    56.615.865.596                 -                -                        -           56.615.865.596          Bridge
         Kios                                         1.488.082.168                 -                -                        -            1.488.082.168          Kiosk
         Pusat jajan                                  1.501.973.743                 -                -                        -            1.501.973.743          Food court
         Parkir                                       1.337.379.312                 -                -                        -            1.337.379.312          Parking
         Terowongan                                   6.215.378.136                 -                -                        -            6.215.378.136          Underground channel

       Jumlah                                        67.158.678.955                 -                -                        -           67.158.678.955       Subtotal
       Properti investasi dalam
         pembangunan                                    292.600.000     1.520.400.000                -          (440.000.000)              1.373.000.000       Construction in progress

       Jumlah                                     2.932.207.941.959     1.520.400.000                -         5.378.820.000           2.939.107.161.959       Total

    Akumulasi penyusutan:                                                                                                                                    Accumulated depreciation:
      Kepemilikan langsung                                                                                                                                     Direct acquisitions
        Sinarmas Land Plaza                         386.583.617.349    20.622.835.971                -                        -          407.206.453.320          Sinarmas Land Plaza
        Cashbac (d/h Dimo Space)                     13.684.337.718     1.785.179.569                -                        -           15.469.517.287          Cashbac (formerly Dimo Space)
        Sopo Del Tower                               17.455.919.184     5.818.639.728                -                        -           23.274.558.912          Sopo Del Tower
        Mega ITC Cempaka Mas                         51.889.773.753                 -                -                        -           51.889.773.753          Mega ITC Cempaka Mas
        ITC Kuningan                                 15.702.260.479       844.964.693                -                        -           16.547.225.172          ITC Kuningan
        ITC Depok                                    10.132.432.664       611.000.964                -                        -           10.743.433.628          ITC Depok
        Grand Wisata                                    341.064.375       272.851.500                -                        -              613.915.875          Grand Wisata
        DP Mall Semarang                            143.636.511.303    25.439.103.638                -                        -          169.075.614.941          DP Mall Semarang
        Aeon Mall South Gate                         61.863.181.054    49.490.544.842                -                        -          111.353.725.896          Aeon Mall South Gate

       Jumlah                                       701.289.097.879   104.885.120.905                -                        -          806.174.218.784       Subtotal

       Aset tetap dalam rangka                                                                                                                                 Properties under build, operate,
          bangun, kelola, dan alih                                                                                                                                   and transfer agreement
          Jembatan                                   37.070.145.147     2.095.263.023                -                        -           39.165.408.170             Bridge
          Kios                                        1.413.678.199        74.404.104                -                        -            1.488.082.303             Kiosk
          Pusat jajan                                 1.334.365.343        69.130.740                -                        -            1.403.496.083             Food court
          Parkir                                      1.188.210.177        61.725.204                -                        -            1.249.935.381             Parking
          Terowongan                                  4.640.815.650       248.615.129                -                        -            4.889.430.779             Underground channel

       Jumlah                                        45.647.214.516     2.549.138.200                -                        -           48.196.352.716       Subtotal

    Jumlah                                          746.936.312.395   107.434.259.105                -                        -          854.370.571.500     Total

    Nilai Tercatat                                2.185.271.629.564                                                                    2.084.736.590.459     Net Carrying Value


    Pendapatan properti investasi yang diakui pada                                                       Income from investment properties in 2023 and
    laba rugi selama tahun 2023 dan 2022 masing-                                                         2022 amounted to Rp 513,243,198,150 and
    masing sebesar Rp 513.243.198.150 dan                                                                Rp 545,333,527,516, respectively, which were
    Rp 545.333.527.516 yang disajikan sebagai                                                            recorded as part of “Revenues” in profit or loss
    bagian dari “Pendapatan usaha” dalam laba rugi                                                       (Note 34).
    (Catatan 34).


                                                                                    - 65 -
Page 314
PT DUTA PERTIWI Tbk DAN ENTITAS ANAK                                    PT DUTA PERTIWI Tbk AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                   For the Years Ended
31 Desember 2023 dan 2022                                                                 December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                                 (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                     unless Otherwise Stated)


    Pembebanan         penyusutan        adalah      sebagai               Depreciation expense are allocated as follows:
    berikut:

                                                      2023                  2022

    Beban pokok penjualan (Catatan 35)            105.498.221.308       107.161.407.605   Cost of revenues (Note 35)
    Lain-lain - Bersih (Catatan 40)                   272.851.500           272.851.500   Others - Net (Note 40)

    Jumlah                                        105.771.072.808       107.434.259.105   Total


    Pengurangan    selama      2023    merupakan                           Deductions in 2023 pertain to handover of
    penyerahan kios dalam rangka bangun, kelola                            kiosk under build, operate and transfer to a
    dan alih kepada pihak ketiga sehubungan                                third party in connection with the expiration of
    dengan habisnya perjanjian kerjasama.                                  the joint operation agreement.

    Properti investasi dalam pembangunan pada                              Construction     in     progress      as   of
    tanggal 31 Desember 2023 dan 2022                                      December 31, 2023 and 2022 represents
    merupakan akumulasi biaya konstruksi DP Mall                           accumulated costs of construction of DP Mall
    Semarang yang dimiliki oleh PT Wijaya Pratama                          Semarang owned by PT Wijaya Pratama
    Raya, entitas anak, dengan akumulasi biaya                             Raya, a subsidiary, with accumulated costs of
    konstruksi pada tanggal 31 Desember                                    constructions as of December 31, 2023 and
    2023 dan 2022 masing-masing sebesar                                    2022 amounting to Rp 109,984,618,793 and
    Rp 109.984.618.793 dan Rp 1.373.000.000 atau                           Rp 1,373,000,000, respectively, or 28% and
    masing-masing sebesar 28% dan 31% dari nilai                           31%, respectively, of contract value.
    kontrak.

    Reklasifikasi pada tahun 2023 dan 2022                                 Reclassification in 2023 and 2022 represents
    merupakan reklasifikasi dari tanah yang                                reclassification from land under development
    sedang dikembangkan masing-masing sebesar                              amounting      to   Rp    5,387,514,000  and
    Rp 5.387.514.000 dan Rp 5.378.820.000                                  Rp 5,378,820,000, respectively (Note 8).
    (Catatan 8).

    Grup mengasuransikan properti investasi                                Directly acquired investment properties are
    kepemilikan langsung kepada PT Asuransi                                insured with PT Asuransi Sinar Mas (ASM), a
    Sinar Mas (ASM), pihak berelasi (Catatan 43),                          related party (Note 43), against risks of fire,
    terhadap risiko kebakaran, kerusakan dan risiko                        damages, theft, and other possible risks with
    lainnya    dengan      jumlah   pertanggungan                          insurance coverage of Rp 1,471,893,000,000
    masing-masing sebesar Rp 1.471.893.000.000                             and US$ 335,576,526 as of December 31,
    dan     US$     335.576.526    pada     tanggal                        2023       and      1,421,893,000,000         and
    31 Desember 2023 dan Rp 1.421.893.000.000                              US$ 351,650,021 as of December 31,
    dan     US$     351.650.021    pada     tanggal                        2022, while Mega ITC Cempaka Mas, ITC
    31 Desember 2022. Nilai pertanggungan untuk                            Depok and ITC Kuningan and the bridge under
    kios Mega ITC Cempaka Mas, ITC Depok dan                               build, operate and transfer agreement between
    kios ITC Kuningan serta jembatan dalam rangka                          PMS and Pemda Jakarta, are jointly insured
    bangun, kelola dan alih antara PMS dengan                              with inventories (Note 8). While the bridge and
    Pemda Jakarta merupakan nilai pertanggungan                            and underground channel under build, operate
    gabungan dengan persediaan (Catatan 8),                                and transfer agreement between the Company
    sedangkan jembatan dan terowongan dalam                                and Pemda are insured with ASM, a related
    rangka bangun, kelola dan alih antara                                  party (Note 43), against risks of physical losses
    Perusahaan       dengan      Pemda      Jakarta                        and damages, with insurance coverage of
    diasuransikan kepada ASM, pihak berelasi                               US$ 14,023,267 and US$ 15,373,517 as of
    (Catatan 43), terhadap risiko kehilangan dan                           December 31, 2023 and 2022, respectively.
    kerusakan dengan jumlah pertanggungan                                  Management believes that the insurance
    masing-masing sebesar US$ 14.023.267 dan                               coverages are adequate to cover possible
    US$ 15.373.517 pada tanggal 31 Desember                                losses on the assets insured.
    2023 dan 2022. Manajemen berkeyakinan
    bahwa nilai pertanggungan asuransi tersebut
    adalah cukup untuk menutup kemungkinan
    kerugian    atas    properti  investasi   yang
    dipertanggungkan.




                                                               - 66 -
Page 315
PT DUTA PERTIWI Tbk DAN ENTITAS ANAK                                PT DUTA PERTIWI Tbk AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                            Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                               For the Years Ended
31 Desember 2023 dan 2022                                                             December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                             (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                 unless Otherwise Stated)


      Pada tanggal 31 Desember 2023 dan 2022,                            As of December 31, 2023 and 2022, the
      estimasi nilai wajar properti investasi adalah                     estimated aggregate fair values of investment
      sebesar Rp 6.144.288.000.000. Nilai wajar                          properties amounted to Rp 6,144,288,000,000.
      properti investasi ditentukan berdasarkan hasil                    The fair value was based on report of
      laporan oleh KJPP Rengganis, Hamid & Rekan,                        KJPP Rengganis, Hamid & Partners, an
      penilai independen, masing-masing pada                             independent appraiser, dated March 1, 2023
      tanggal 1 Maret 2023 dan 28 Februari 2023.                         and February 28, 2023, respectively.

      Manajemen berkeyakinan bahwa tidak terdapat                        Management believes that there is no
      perubahan signifikan atas nilai wajar properti                     significant change in the fair value of
      investasi selama periode sejak tanggal laporan                     investment properties from the last valuation
      penilai independen sampai dengan tanggal                           report date up to consolidated statements of
      laporan posisi keuangan konsolidasian dan                          financial position date and that there is no
      tidak terdapat penurunan nilai atas aset tersebut                  impairment in value of the aforementioned
      pada tanggal 31 Desember 2023 dan 2022.                            assets as of December 31, 2023 and 2022.


17.   Goodwill                                                     17.   Goodwill

      Merupakan goodwill yang diperoleh Perusahaan                       This represents goodwill from the Company’s
      atas penyertaan sahamnya pada entitas anak                         investments in shares of stock of the
      dengan rincian sebagai berikut:                                    subsidiaries with details follows:

                    Nama Perusahaan/                           Bulan Perolehan/
                    Company's Name                            Date of Acquisition                2023 dan/and 2022

      PT Sinarwijaya Ekapratista                   Januari/January 1994                                      12.000.060
      PT Royal Oriental                            Maret/March 1994                                       1.864.859.777
      PT Mustika Karya Sejati                      Agustus/August 1995                                      551.308.980
      PT Misaya Properindo                         Agustus/August 1997                                      272.779.285
      PT Putra Alvita Pratama                      Desember/December 2004                                 6.590.129.125
      PT Kembangan Permai Development              Januari/January 2005                                      11.855.070
      Jumlah/Total                                                                                        9.302.932.297

      Uji Penurunan Nilai Goodwill                                       Impairment Test for Goodwill

      Goodwill yang diperoleh melalui kombinasi                          Goodwill     acquired     through    business
      bisnis dialokasikan ke dua Unit Penghasil Kas                      combination have been allocated to two
      (UPK) individu, yang juga merupakan segmen                         individual cash genarating units (CGU), which
      dilaporkan, untuk tujuan uji penurunan nilai,                      are also reportable segments, for impairment
      yaitu UPK Real Estat dan UPK Properti                              testing namely: Real Estate CGU and
      Investasi.                                                         Investment Properties CGU.

      Jumlah terpulihkan     dari UPK-UPK di atas                        The recoverable amounts of the above CGUs
      ditentukan berdasarkan perhitungan nilai pakai.                    have been determined based on value-in-use
      Nilai pakai ditentukan dengan mendiskontokan                       calculations. Value in use was determined by
      arus kas masa depan yang diharapkan akan                           discounting the future cash flows expected to
      dihasilkan dari pemakaian berkelanjutan atas                       be generated from the continuing use of the
      UPK-UPK tersebut. Perhitungan nilai pakai                          units. The calculation of the value in use was
      berdasarkan pada asumsi-asumsi berikut:                            based on the following key assumptions:

      •    Arus kas di masa depan ditentukan                             •    Future cash flows were based on the
           berdasarkan       proyeksi       penjualan                         projected sales of real estate inventories,
           persediaan real estat, tanah untuk                                 land for development, estimated cost of
           dikembangkan, estimasi biaya perolehan                             assets to be aquired as well as from the
           aset yang akan diakusisi, serta estimasi                           estimated rental income from investment
           pendapatan sewa dari properti investasi                            properties with the assumptions that
           dengan asumsi tidak ada penambahan                                 there was no new investment. Other
           investasi baru. Beban operasional lainnya                          operational expenses were estimated
           diestimasi berdasarkan data historis.                              based on historical rate.



                                                          - 67 -
Page 316
PT DUTA PERTIWI Tbk DAN ENTITAS ANAK                               PT DUTA PERTIWI Tbk AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                           Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                              For the Years Ended
31 Desember 2023 dan 2022                                                            December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                            (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                unless Otherwise Stated)


      •     Tingkat diskonto sebelum pajak yang                          •          Pre-tax discount rate of 7.7% and 9.4% in
            digunakan untuk menghitung jumlah                                       2023 and 2022, respectively, was applied
            terpulihkan masing-masing adalah sebesar                                in determining the recoverable amounts.
            7,7% dan 9,4% untuk tahun 2023 dan                                      The discount rate used was determined
            2022. Tingkat diskonto ini diestimasi                                   based on the weighted average cost of
            berdasarkan rata-rata tertimbang biaya                                  capital allocated by the Group to these
            modal yang dialokasikan oleh Grup                                       units.
            kepada UPK-UPK tersebut.

      Asumsi utama sebagaimana dijelaskan di atas                        The key assumptions described above may
      dapat berubah sejalan dengan perubahan                             change as economic and market conditions
      kondisi     ekonomi    dan      pasar.    Grup                     change. The Group estimates that reasonably
      memperkirakan bahwa kemungkinan perubahan                          possible changes in these assumptions would
      asumsi ini tidak akan mengakibatkan nilai                          not cause the carrying value of each CGU to
      tercatat UPK-UPK tersebut melebihi jumlah                          materially exceed its recoverable amount.
      terpulihkannya secara material. Oleh karena itu,                   Thus, as of December 31, 2023 and 2022,
      manajemen berpendapat bahwa tidak terdapat                         management believes that there is no
      penurunan nilai atas goodwill tersebut pada                        impairment in the carrying value of goodwill.
      tanggal 31 Desember 2023 dan 2022. Pengujian                       The impairment testing on goodwill is
      penurunan nilai atas goodwill dilakukan setiap                     performed every yearend or whenever there is
      akhir tahun atau setiap kali terdapat indikasi                     an indication that the goodwill is impaired.
      bahwa goodwill mengalami penurunan nilai.


18.   Utang Usaha - Pihak Ketiga                                  18.    Trade Accounts Payable - Third Parties

      Merupakan utang Grup kepada kontraktor                             This account consists of the Group’s payable
      pembangunan, pemasok atas pembelian                                to contractors in relation to the development
      persediaan hotel, perlengkapan dan peralatan                       costs, to suppliers in relation to the hotel
      operasi dengan rincian masing-masing segmen                        operations and operational supplies and
      sebagai berikut:                                                   equipment, which are classified per business
                                                                         segment as follows:

                                                2023                         2022

      Pihak ketiga                                                                          Third parties
        Real estat                          397.020.741.117         218.183.268.755           Real estate
        Hotel                                 1.126.269.597           1.183.358.844           Hotel

      Jumlah                                398.147.010.714         219.366.627.599         Total

      Rincian umur utang dihitung sejak tanggal faktur                   The aging analysis of trade accounts payable
      adalah sebagai berikut:                                            from the date of invoice follows:

                                                2023                         2022

      Sampai dengan 1 bulan                 324.235.690.187         180.238.909.305         Less than or equal to 1 month
                                                                                            More than 1 month but less than
      > 1 bulan - 3 bulan                    65.819.383.270             24.967.570.852        3 months
                                                                                            More than 3 months but less than
      > 3 bulan - 6 bulan                      592.907.328               6.692.867.513        6 months
                                                                                            More than 6 months but less than
      > 6 bulan - 1 tahun                        33.000.000                 25.000.000        12 months
      > 1 tahun                               7.466.029.929              7.442.279.929      More than 12 months

      Jumlah                                398.147.010.714         219.366.627.599         Total




                                                         - 68 -
Page 317
PT DUTA PERTIWI Tbk DAN ENTITAS ANAK                                PT DUTA PERTIWI Tbk AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                            Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                               For the Years Ended
31 Desember 2023 dan 2022                                                             December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                             (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                 unless Otherwise Stated)


19.   Utang Pajak                                                  19.    Taxes Payable

                                                2023                        2022

      Pajak kini (Catatan 41)                   994.915.065                446.616.533    Corporate income tax (Note 41)
      Pajak penghasilan                                                                   Income taxes
       Pasal 21                               5.126.514.022               4.840.027.175     Article 21
       Pasal 23                               1.664.632.296               1.428.784.240     Article 23
       Pasal 25                                  35.498.274                  37.052.932     Article 25
       Pasal 4 ayat 2                        11.642.570.641               9.453.140.162     Article 4 paragraph 2
      Pajak Pembangunan I                       227.765.963                 384.577.293   Development tax I
      Pajak Pertambahan Nilai - bersih        5.882.359.894              21.425.412.050   Value Added Tax - net

      Jumlah                                 25.574.256.155              38.015.610.385   Total



20.   Beban Akrual                                                 20.    Accrued Expenses

      Akun ini terdiri dari biaya operasional Grup yang                   This account represent accrual of certain
      masih harus dibayar.                                                operating expenses of the Group.


21.   Setoran Jaminan                                              21.    Security Deposits

      Berdasarkan jenis transaksi, setoran jaminan                        The details of security deposits by nature of
      terdiri dari:                                                       transactions follows:

                                                2023                        2022

      Sewa                                  175.331.046.935          167.017.670.110      Rental
      Jasa pelayanan                         40.143.168.287           38.882.763.810      Service charge
      Telepon                                 9.327.046.029            9.335.548.246      Telephone

      Jumlah                                224.801.261.251          215.235.982.166      Total

      Setoran jaminan disajikan dalam          laporan                    Security    deposits  are    presented      in
      keuangan konsolidasian sebagai:                                     consolidated statements of financial position
                                                                          as:

                                                2023                        2022

      Liabilitas jangka pendek              160.115.217.517          151.833.476.787      Current liabilities
      Liabilitas jangka panjang              64.686.043.734           63.402.505.379      Noncurrent liabilities

      Jumlah                                224.801.261.251          215.235.982.166      Total



22.   Liabilitas Kontrak                                           22.    Contract Liabilities

      Liabilitas kontrak merupakan uang muka                              Contract liabilities pertain to advances received
      penjualan tanah dan bangunan Grup yang                              from buyers for the sale of land and buildings,
      diterima dari pelanggan yang kewajibannya                           wherein the performance obligation have not
      belum terpenuhi.                                                    been satisfied.

                                                2023                        2022

      Tanah, rumah tinggal dan ruko        2.265.135.987.906        2.383.208.359.919     Land, houses and shophouses
      Tanah dan bangunan strata title        231.030.523.708        1.049.441.446.081     Land and buildings with strata title

      Jumlah                               2.496.166.511.614        3.432.649.806.000     Total




                                                          - 69 -
Page 318
PT DUTA PERTIWI Tbk DAN ENTITAS ANAK                                      PT DUTA PERTIWI Tbk AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                  Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                     For the Years Ended
31 Desember 2023 dan 2022                                                                   December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                                   (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                       unless Otherwise Stated)


    Pada tanggal 31 Desember 2023 dan 2022,                                    As of December 31, 2023 and 2022, contract
    liabilitas kontrak termasuk beban bunga atas                               liabilities include interest expense on contract
    liabilitas kontrak masing-masing sebesar                                   liabilities amounting to Rp 163,058,559,927
    Rp 163.058.559.927 dan Rp 359.984.550.119.                                 and Rp 359,984,550,119, respectively.

    Mutasi dari liabilitas kontrak adalah sebagai                              The movement of contract liabilities follows:
    berikut:

                                                        2023                    2022

    Saldo awal                                  3.432.649.806.000         2.752.194.018.619     Beginning balance
    Pendapatan yang diakui selama
     tahun berjalan                             (3.111.613.859.574)       (2.247.565.278.606)   Revenue recognized during the year
    Kenaikan yang disebabkan oleh                                                               Increase due to cash received and
     penerimaan kas dan lainnya                 1.976.857.346.286         2.693.711.632.041       others
    Beban bunga atas liabilitas kontrak                                                         Interest expense on contract
     (Catatan 39)                                 198.273.218.902           234.309.433.946       liabilities (Note 39)

    Saldo akhir                                 2.496.166.511.614         3.432.649.806.000     Ending balance


    Kewajiban pelaksanaan yang tersisa akan                                    The remaining performance obligation will be
    dipenuhi antara tahun 2024 dan 2026.                                       satisfied between 2024 and 2026.

    Liabilitas kontrak disajikan dalam laporan posisi                          Contract    liabilities are   presented     in
    keuangan konsolidasian sebagai:                                            consolidated statements of financial position
                                                                               as:

                                                        2023                    2022

    Liabilitas jangka pendek                    1.908.686.259.835         2.682.373.961.368     Current liabilities
    Liabilitas jangka panjang                     587.480.251.779           750.275.844.632     Noncurrent liabilities

    Jumlah                                      2.496.166.511.614         3.432.649.806.000     Total



    Rincian liabilitas kontrak berdasarkan unit real                           Details of contract liabilities based on sold real
    estat yang dibeli adalah sebagai berikut:                                  estate unit follows:

                                               2023                                    2022
                                                               Unit                                 Unit

    Uang muka penjualan                                                                                        Advances received
    Grand Wisata                   1.490.277.888.378             894      1.136.264.469.826         1.071      Grand Wisata
    Kota Wisata                      694.204.695.369             252        792.248.954.656           418      Kota Wisata
    Aerium                           139.533.267.857              51        313.347.792.553           103      Aerium
    South Gate                        72.197.583.585              77        676.033.546.394           321      South Gate
    Banjar Wijaya                     43.757.340.565              37        296.386.329.403           260      Banjar Wijaya
    Legenda Wisata                    22.034.578.127              23        155.752.083.230           140      Legenda Wisata
    Klaska Residence                  16.407.434.070              82         34.187.242.356           137      Klaska Residence
    Taman Permata Buana               13.120.416.656               6         20.307.108.047            14      Taman Permata Buana
    Bekasi                             4.260.546.000               7          4.260.546.000             7      Bekasi
    Superblok Ambasador                                                                                        Superblok Ambasador
      Kuningan dan                                                                                               Kuningan and
      ITC Kuningan                        372.761.007                 8          372.761.007             8       ITC Kuningan
    Cibubur                                         -                 -        2.206.136.220            58     Cibubur
    Roxy Mas                                        -                 -        1.282.836.308             5     Roxy Mas
    Jumlah                         2.496.166.511.614           1.437      3.432.649.806.000         2.542      Total




                                                                 - 70 -
Page 319
PT DUTA PERTIWI Tbk DAN ENTITAS ANAK                              PT DUTA PERTIWI Tbk AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                          Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                             For the Years Ended
31 Desember 2023 dan 2022                                                           December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                           (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                               unless Otherwise Stated)


      Persentase liabilitas kontrak terhadap jumlah                    Percentage of contract liabilities to total sales
      harga jual adalah sebagai berikut:                               price follows:

                                                2023                      2022

       Bekasi                                  100,00                   100,00         Bekasi
       Banjar Wijaya                            82,53                    93,28         Banjar Wijaya
       Kota Wisata                              78,17                    76,60         Kota Wisata
       Grand Wisata                             72,78                    59,32         Grand Wisata
       Legenda Wisata                           48,17                    90,82         Legenda Wisata
       Taman Permata Buana                      45,67                    30,57         Taman Permata Buana
       Superblok Ambasador Kuningan dan                                                Superblok Ambasador Kuningan
         ITC Kuningan                           36,53                   36,53            and ITC Kuningan
       Aerium                                   28,13                   77,66          Aerium
       Klaska Residence                         23,43                   32,42          Klaska Residence
       South Gate                                9,80                   89,63          South Gate
       Cibubur                                     -                    100,00         Cibubur
       Roxy Mas                                    -                     13,33         Roxy Mas


      Berdasarkan Perjanjian Pengikatan Jual Beli                      Based on sales and purchase contract, the
      (PPJB), Perusahaan akan dikenakan denda                          Company will be charged with a penalty of
      sebesar 1%o (satu permil) untuk setiap hari                      1%o (per mile) of sales price that is stated in
      keterlambatan dihitung dari harga pengikatan                     the contract (excluding VAT) for each day of
      (tidak termasuk PPN) yang telah diterima oleh                    delay, and the Company will be charged with
      Perusahaan dan maksimal sebesar 5% dari                          5% of the said price, if the Company will not be
      harga pengikatan tersebut, apabila Perusahaan                    able to hand over the house/property to the
      tidak dapat menyerahkan rumah/properti                           customers on the agreed date of turn-over as
      kepada pembeli pada tanggal yang telah                           stipulated in the contract.
      disepakati dalam PPJB.

      Rincian liabilitas kontrak (tidak termasuk                       Details of contract liabilities (excluding
      komponen bunga) berdasarkan persentase atas                      financing component) based on percentage to
      harga jual adalah sebagai berikut:                               sales price follows:

                                               2023                      2022

      100%                                1.716.709.267.772        2.674.235.212.443   100%
       50% - 99%                            512.804.187.145          250.787.581.132    50% - 99%
       20% - 49%                             79.492.234.433           77.821.386.396    20% - 49%
       < 20%                                 24.102.262.337           69.821.075.910    < 20%

      Jumlah                              2.333.107.951.687        3.072.665.255.881   Total


23.   Uang Muka Diterima                                         23.   Advances Received

      Uang muka diterima terutama berasal dari                         Advances received mainly pertain to receipts
      penyewa dan atau pemilik kios atau                               from the lessees or kiosk owners for the
      penggunaan fasilitas promosi yang disediakan                     facilities promoted by the Group and deposits
      Grup serta uang titipan konsumen.                                from customers.


24.   Sewa Diterima Dimuka                                       24.   Rental Advances

      Merupakan uang muka yang diterima atas sewa                      This account pertains to advance rentals
      ruang perkantoran, kios dan lainnya.                             received for the rental of office spaces, kiosks
                                                                       and among others.




                                                        - 71 -
Page 320
PT DUTA PERTIWI Tbk DAN ENTITAS ANAK                                 PT DUTA PERTIWI Tbk AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                             Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                For the Years Ended
31 Desember 2023 dan 2022                                                              December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                              (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                  unless Otherwise Stated)


25.   Utang Bank Jangka Panjang                                     25.   Long-term Bank Loan

      Pada tanggal 7 Maret 2017, PT Duta Semesta                          On March 7, 2017, PT Duta Semesta Mas
      Mas (DSM), entitas anak, menerima Fasilitas                         (DSM), a subsidiary, obtained an Investment
      Kredit Investasi dari Mandiri, pihak ketiga,                        Credit Facility from Mandiri, a third party, with a
      dengan limit sebesar Rp 980.000.000.000                             limit of Rp 980,000,000,000 with an annual
      dengan suku bunga pinjaman per tahun sebesar                        interest rate of 7.50% (floating rate) and a term
      7,50% (floating rate) dengan jangka waktu                           of eight (8) years. DSM also obtained
      delapan (8) tahun. DSM juga menerima Fasilitas                      Non Cash Loan Facility as a sublimit of
      Non Cash Loan sebagai sublimit Fasilitas                            Investment Credit Facility with a limit of
      Kredit    Investasi  dengan   limit  sebesar                        Rp 100,000,000,000 and a term of three (3)
      Rp 100.000.000.000 dengan jangka waktu tiga                         years.
      (3) tahun.

      DSM menerima Fasilitas Kredit Investasi tahap                       DSM obtained an Investment Credit Facility
      II  pada    bulan   Maret    2022    sebesar                        tranche II in March 2022 amounted to
      Rp 47.753.973.890.                                                  Rp 47,753,973,890.

      Pada tanggal 22 April 2022 dan 12 Mei 2022,                         On April 22, 2022 and May 12, 2022, DSM
      DSM melakukan pelunasan pokok pinjaman                              made principal payment amounting to
      masing-masing sebesar Rp 65.284.062.500 dan                         Rp 65,284,062,500 and Rp 143,624,937,500,
      Rp 143.624.937.500.                                                 respectively.

      Beban bunga yang dibebankan pada laba rugi                          Interest expense charged to operations
      sebesar Rp 4.816.363.432 pada tahun 2022                            in 2022 amounted to Rp 4,816,363,432
      (Catatan 39).                                                       (Note 39).


26.   Liabilitas Sewa                                               26.   Lease Liabilities

      Berikut adalah pembayaran sewa minimum                              The following are the future minimum lease
      masa yang akan datang (future minimum lease                         payments based on the lease agreement
      payment) berdasarkan perjanjian sewa antara                         between the Group and a third party as of
      Grup dengan pihak ketiga per 31 Desember                            December 31, 2023 and 2022:
      2023 dan 2022:

                                                    2023                      2022

      Pembayaran yang jatuh tempo
        pada tahun:                                                                               Payments due in:
        2023                                                  -              2.154.420.000          2023
        2024                                      2.369.200.000              2.577.360.000          2024
        2025                                        214.780.000                214.780.000          2025
      Jumlah pembayaran sewa                                                                      Total minimum lease
        minimum                                   2.583.980.000              4.946.560.000          liabilities
      Bunga                                        (101.966.283)              (356.596.025)       Interest
      Nilai sekarang pembayaran                                                                   Present value of minimum
        sewa minimum                              2.482.013.717              4.589.963.975          lease liabilities
      Bagian yang akan jatuh tempo
        dalam satu tahun                          2.482.013.717              2.577.360.000        Less: current portion
      Bagian utang jangka panjang yang akan                                                       Long-term portion of lease liabilities -
        jatuh tempo lebih dari satu tahun                       -            2.012.603.975          net of current portion



      Mutasi dari liabilitas sewa adalah sebagai                          The movement of lease liabilities is as follows:
      berikut:

                                                2023                       2022

      Saldo awal                              4.589.963.975               3.026.652.403       Beginning balance
      Penambahan (pengurangan) bersih                                                         Net addition (deduction) during
       selama tahun berjalan                  (2.107.950.258)             1.563.311.572        the year

      Saldo akhir                             2.482.013.717               4.589.963.975       Ending balance




                                                        - 72 -
Page 321
PT DUTA PERTIWI Tbk DAN ENTITAS ANAK                                                                 PT DUTA PERTIWI Tbk AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                                             Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                                                For the Years Ended
31 Desember 2023 dan 2022                                                                                              December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                                                              (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                                                  unless Otherwise Stated)

      Liabilitas sewa merupakan liabilitas atas                                                             Lease liabilities represent liabilities for lease of
      perolehan peralatan kantor oleh Grup. Liabilitas                                                      office equipment by the Group. These liabilities
      sewa tidak memiliki jaminan dan berjangka                                                             are unsecured and have terms of three (3)
      waktu tiga (3) tahun.                                                                                 years.

      Beban bunga sewa yang dibebankan pada laba                                                            The lease interest expense charged to
      rugi masing-masing sebesar Rp 254.629.742                                                             operations in 2023 and 2022 amounted to
      dan Rp 357.608.599 pada tahun 2023 dan 2022                                                           Rp 254,629,742 and Rp 357,608,599,
      (Catatan 39).                                                                                         respectively (Note 39).


27.   Pengukuran Nilai Wajar                                                                      27.       Fair Value Measurement

      Tabel berikut menyajikan pengukuran nilai wajar                                                       The following table provides the fair value
      aset dan liabilitas tertentu Grup:                                                                    measurement of the Group’s certain assets
                                                                                                            and liabilities:
                                                                                            2023
                                                                                        Pengukuran nilai wajar menggunakan:/
                                                                                           Fair value measurement using:
                                                                                                                         Input signifikan
                                                                                                  Input signifikan     yang tidak dapat
                                                                         Harga kuotasian            yang dapat             diobservasi
                                                                         dalam pasar aktif/        di observasi             (Level 3)/
                                                                             (Level 1)/              (Level 2)/            Significant
                                                                          Quoted prices             Significant          unobservable
                                                     Nilai Tercatat/    in active markets        observable inputs            inputs
                                                    Carrying Values          (Level 1)               (Level 2)              (Level 3)

      Aset yang nilai wajarnya disajikan:                                                                                                      Assets for which fair values are disclosed:
       Aset tetap yang dicatat pada biaya                                                                                                       Property and equipment
         perolehan                                                                                                                                carried at cost
         Tanah dan bangunan (Catatan 14)             175.562.508.376                  -         1.253.097.000.000                      -          Land and buildings (Note 14)
       Properti investasi yang dicatat pada biaya
         perolehan                                                                                                                               Investment properties carried at cost
         Tanah dan bangunan (Catatan 16)            1.983.201.431.651                 -         6.144.288.000.000                      -           Land and buildings (Note 16)

      Liabilitas yang nilai wajarnya disajikan
        (termasuk bagian yang akan jatuh tempo
        dalam waktu satu tahun dan lebih dari                                                                                                  Liabilities for which fair values are disclosed:
        satu tahun)                                                                                                                              (including current and noncurrent portion)
        Setoran jaminan (Catatan 21)                 224.801.261.251                  -           228.777.129.887                      -            Security deposits (Note 21)


                                                                                            2022
                                                                                        Pengukuran nilai wajar menggunakan:/
                                                                                           Fair value measurement using:
                                                                                                                         Input signifikan
                                                                                                  Input signifikan     yang tidak dapat
                                                                         Harga kuotasian             yang dapat            diobservasi
                                                                         dalam pasar aktif/         di observasi            (Level 3)/
                                                                             (Level 1)/               (Level 2)/           Significant
                                                                          Quoted prices              Significant         unobservable
                                                     Nilai Tercatat/    in active markets        observable inputs            inputs
                                                    Carrying Values          (Level 1)                (Level 2)             (Level 3)
      Aset yang nilai wajarnya disajikan:                                                                                                      Assets for which fair values are disclosed:
       Aset tetap yang dicatat pada biaya                                                                                                       Property and equipment
         perolehan                                                                                                                                carried at cost
         Tanah dan bangunan (Catatan 14)              198.323.188.053                  -        1.253.097.000.000                          -      Land and buildings (Note 14)
       Properti investasi yang dicatat pada biaya
         perolehan                                                                                                                               Investment properties carried at cost
         Tanah dan bangunan (Catatan 16)            2.083.363.590.459                  -        6.144.288.000.000                          -       Land and buildings (Note 16)
      Liabilitas yang nilai wajarnya disajikan
        (termasuk bagian yang akan jatuh tempo
        dalam waktu satu tahun dan lebih dari                                                                                                  Liabilities for which fair values are disclosed:
        satu tahun)                                                                                                                              (including current and noncurrent portion)
        Setoran jaminan (Catatan 21)                  215.235.982.166                  -          222.402.823.781                          -        Security deposits (Note 21)


      Nilai wajar instrumen keuangan yang tidak                                                             The fair value of financial instruments that are
      diperdagangkan di pasar aktif ditentukan                                                              not traded in an active market is determined by
      menggunakan teknik penilaian. Teknik penilaian                                                        using valuation techniques. These valuation
      ini memaksimalkan penggunaan data pasar                                                               techniques maximize the use of observable
      yang dapat diobservasi yang tersedia dan                                                              market data where it is available and rely as
      sesedikit mungkin mengandalkan estimasi                                                               little as possible on entity’s specific estimates.
      spesifik yang dibuat oleh entitas. Jika seluruh                                                       If all significant inputs required to fair value an
      input signifikan yang dibutuhkan untuk                                                                instrument are observable, the instrument is
      menentukan nilai wajar dapat diobservasi, maka                                                        included in Level 2. The fair value of long-term
      instrumen tersebut termasuk dalam hirarki Level                                                       bank loans and security deposits are estimated
      2. Nilai wajar utang bank jangka panjang, dan                                                         based on discounted cash flows using interest
      setoran jaminan diestimasi berdasarkan arus                                                           rate which is market observable.
      kas yang didiskontokan menggunakan suku
      bunga pasar yang dapat diobservasi.


                                                                                       - 73 -
Page 322
PT DUTA PERTIWI Tbk DAN ENTITAS ANAK                                    PT DUTA PERTIWI Tbk AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                   For the Years Ended
31 Desember 2023 dan 2022                                                                 December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                                 (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                     unless Otherwise Stated)


      Informasi tentang pengukuran nilai wajar untuk                          The     information     about    fair            value
      aset non-keuangan yang termasuk hirarki                                 measurements      of    non-financial           assets
      Level 2 adalah sebagai berikut:                                         categorized as Level 2 follows:

                                                                                                                     Rentang
                                   Tehnik penilaian/                     Input yang tidak                     (Rata-rata tertimbang)/
            Keterangan/               Valuation                         dapat diobservasi/                           Range
            Description              Technique                         Unobservable Inputs                     (Weighted Average)

      Properti investasi/       Arus kas diskonto/       Tingkat pertumbuhan laba bersih jangka panjang/        12,24% - 13,14%
       Investment properties    Discounted cash flows    Long-term net operating income
                                Pendekatan pasar         Estimasi harga jual per meter persegi/                  Rp 12.000.000 -
                                pembanding/              Estimated selling price per square meters               Rp 40.000.000
                                Market-comparable
                                approach
                                Pendekatan biaya         Estimasi biaya penggantian                                      -
                                pengganti/Replacement    setelah dikurangi penyusutan/
                                cost approach            Estimated replacement cost net
                                                         of depreciation

      Aset tetap/               Arus kas diskonto/       Tingkat pertumbuhan laba bersih jangka panjang/             12,44%
       Property and equipment   Discounted cash flow     Long-term net operating income
                                                         Estimasi biaya penggantian
                                Pendekatan biaya         setelah dikurangi penyusutan/                                   -
                                pengganti/Replacement    Estimated replacement cost net
                                cost approach            of depreciation


28.   Modal Saham                                                     28.     Capital Stock

      Susunan kepemilikan saham Perusahaan pada                               As of December 31, 2023 and 2022, the share
      tanggal 31 Desember 2023 dan 2022                                       ownership in the Company, based on the
      berdasarkan catatan yang dibuat oleh                                    record of PT Sinartama Gunita, a related party
      PT Sinartama Gunita, Biro Administrasi Efek,                            shares registrar, follows:
      pihak berelasi, adalah sebagai berikut:

                                                                2023
                                            Jumlah           Persentase               Jumlah
                                            Saham/          Kepemilikan/           Modal Disetor/
                                           Number of         Percentage            Total Paid-up
           Nama Pemegang Saham              Shares          of Ownership           Capital Stock           Name of Stockholder
                                                                 %

      PT Bumi Serpong Damai Tbk          1.691.876.633                91,45        845.938.316.500    PT Bumi Serpong Damai Tbk
      Masyarakat                           158.123.367                 8,55         79.061.683.500    Public
      Jumlah                             1.850.000.000             100,00         925.000.000.000     Total



      Selama tahun 2023, PT Bumi Serpong Damai                                During 2023, PT Bumi Serpong Damai Tbk
      Tbk melakukan pembelian saham dari                                      purchased shares from public totalling to
      masyarakat sebesar 53.504.300 saham.                                    53,504,300 shares.




                                                             - 74 -
Page 323
PT DUTA PERTIWI Tbk DAN ENTITAS ANAK                                          PT DUTA PERTIWI Tbk AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                      Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                         For the Years Ended
31 Desember 2023 dan 2022                                                                       December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                                       (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                           unless Otherwise Stated)


                                                                    2022
                                               Jumlah            Persentase               Jumlah
                                               Saham/           Kepemilikan/           Modal Disetor/
                                              Number of          Percentage            Total Paid-up
           Nama Pemegang Saham                 Shares           of Ownership           Capital Stock               Name of Stockholder
                                                                     %

      PT Bumi Serpong Damai Tbk              1.638.372.333                88,56        819.186.166.500        PT Bumi Serpong Damai Tbk
      Masyarakat                               211.627.667                11,44        105.813.833.500        Public
      Jumlah                                 1.850.000.000             100,00          925.000.000.000        Total



      Perusahaan   telah   mencatatkan                 seluruh                    All of the shares of the Company are listed in
      sahamnya pada Bursa Efek Indonesia.                                         the Indonesia Stock Exchange.

      Manajemen Permodalan                                                        Capital Management

      Tujuan utama dari pengelolaan modal Grup                                    The primary objective of the Group’s capital
      adalah untuk memastikan bahwa Grup                                          management is to ensure that it maintains
      mempertahankan rasio modal yang sehat                                       healthy capital ratios in order to support its
      dalam    rangka    mendukung    bisnis   dan                                business and maximize shareholder value.
      memaksimalkan nilai pemegang saham. Grup                                    The Group is not required to meet any capital
      tidak diwajibkan untuk memenuhi syarat-syarat                               requirements.
      modal tertentu.

      Grup mengelola struktur modal dan membuat                                   The Group manages its capital structure and
      penyesuaian     terhadap     struktur   modal                               makes adjustments to it, in light of changes in
      sehubungan     dengan    perubahan     kondisi                              economic conditions. The Group monitors its
      ekonomi. Grup memantau modalnya dengan                                      capital using gearing ratios, by dividing net
      menggunakan analisa gearing ratio (rasio utang                              debt by total capital. The Group’s capital
      terhadap modal), yakni membagi utang bersih                                 structure consists of equity and loans received
      terhadap jumlah modal. Struktur modal Grup                                  reduced by cash and cash equivalents.
      terdiri dari ekuitas dan pinjaman diterima
      dikurangi dengan kas dan setara kas.


29.   Tambahan Modal Disetor                                              29.     Additional Paid-in Capital

                                                             2023 dan/and 2022

      Agio saham                                                 452.294.849.950           Share premium
      Dampak program pengampunan pajak                            12.786.784.261           Impact of tax amnesty program

      Jumlah                                                     465.081.634.211           Total


      Agio Saham                                                                  Share Premium

      Merupakan agio saham:                                                       This account represents additional paid-in
                                                                                  capital in connection with the following:

                                                               Jumlah/Total

      Penjualan saham Perusahaan pada penawaran umum                                Sale of the Company's shares through public offering
        kepada masyarakat tahun 1994                                                   in 1994
        Jumlah yang diterima untuk pengeluaran
           25.000.000 saham                                     78.750.000.000         Proceeds from the issuance of 25,000,000 shares
        Jumlah yang dicatat sebagai modal disetor              (25.000.000.000)        Amount recorded as paid-up capital
                                                                                       Balance of additional paid-in capital as of
      Saldo agio saham pada tanggal 31 Desember 1994            53.750.000.000            December 31, 1994




                                                                 - 75 -
Page 324
PT DUTA PERTIWI Tbk DAN ENTITAS ANAK                                     PT DUTA PERTIWI Tbk AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                 Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                    For the Years Ended
31 Desember 2023 dan 2022                                                                  December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                                  (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                      unless Otherwise Stated)

                                                          Jumlah/Total

      Konversi atas obligasi konversi menjadi saham
        tahun 1995                                                             Conversion of convertible bonds in 1995
        Jumlah obligasi yang dikonversi                    78.750.000.000         Total bonds converted
        Jumlah yang dicatat sebagai modal disetor         (52.500.000.000)        Amount recorded as paid-up capital
        Bersih                                             26.250.000.000         Net

                                                                               Balance of additional paid-in capital as of
      Saldo agio saham pada tanggal 31 Desember 1995       80.000.000.000          December 31, 1995
      Pembagian saham bonus tahun 1996                    (69.375.000.000)     Distribution of bonus shares in 1996
                                                                               Balance of additional paid-in capital as of
      Saldo agio saham pada tanggal 31 Desember 1996      10.625.000.000           December 31, 1996

      Penawaran umum terbatas I kepada pemegang saham
        tahun 1997                                                             Rights offering I to stockholders in 1997
        Jumlah yang diterima untuk pengeluaran                                    Proceeds from the issuance of
           693.750.000 saham                              502.968.750.000             693,750,000 shares
        Jumlah yang dicatat sebagai modal disetor        (346.875.000.000)        Amount recorded as paid-up capital
        Bersih                                            156.093.750.000         Net

      Jumlah pada tanggal 31 Desember 2007               166.718.750.000       Balance as of December 31, 2007

      Penawaran umum terbatas II kepada pemegang saham
         tahun 2008                                                            Rights offering II to stockholders in 2008
         Jumlah yang diterima untuk pengeluaran                                   Proceeds from the issuance of
            462.500.000 saham                             520.312.500.000             462,500,000 shares
         Jumlah yang dicatat sebagai modal disetor       (231.250.000.000)        Amount recorded as paid-up capital
         Bersih                                           289.062.500.000         Net
      Biaya emisi efek                                     (3.486.400.050)     Shares issuance cost

      Jumlah pada tanggal 31 Desember 2023 dan 2022      452.294.849.950       Balance as of December 31, 2023 and 2022



30.   Selisih Nilai Transaksi dengan Kepentingan                     30.     Difference   in   Value    Arising     from
      Nonpengendali                                                          Transaction with Non-controlling Interest

      Pada tanggal 7 Desember 2023, Perusahaan                               On December 7, 2023, the Company and
      dan PT Sinar Mas Griya, menyetujui                                     PT Sinar Mas Griya, approved the increase in
      penambahan modal disetor pada PT Wijaya                                paid-up capital which was fully issued by
      Pratama Raya (WPR) masing-masing sebesar                               PT Wijaya Pratama Raya (WPR) amounting to
      Rp 44.346.000.000 dan Rp 15.654.000.000 atau                           Rp 44,346,000,000 and Rp 15,654,000,000,
      masing-masing setara dengan 44.346.000 dan                             respectively,    consisting of     44,346,000
      15.654.000 saham. Transaksi ini menurunkan                             and 15,654,000 shares, respectively. This
      persentase kepemilikan Perusahaan di WPR                               transaction decreased the ownership interest
      dari 73,9110% menjadi 73,9108%. Hal ini                                of the Company in WPR from 73.9110% to
      menyebabkan penyertaan Perusahaan pada                                 73.9108%. As a result, the effect of decrease
      WPR berkurang sebesar Rp 1.165.202 yang                                in the carrying value of Company’s interest in
      dibukukan pada akun ”Selisih Nilai Transaksi                           WPR amounting to Rp 1,165,202 was
      dengan Kepentingan Nonpengendali”.                                     recorded under “Difference in Value Arising
                                                                             from Transaction with Non-controlling Interest”
                                                                             account.

      Pada tanggal 21 Desember 2022, Perusahaan                              On December 21, 2022, the Company and
      dan PT Kembangan Permai Development                                    PT Kembangan Permai Development (KPD),
      (KPD),    pemegang      saham     PT   Itomas                          the shareholders of PT Itomas Kembangan
      Kembangan       Perdana    (IKP),   menyetujui                         Perdana (IKP), approved the increase in paid-
      penambahan modal disetor pada IKP masing-                              up capital which was fully issued by IKP
      masing sebesar Rp 73.500.000.000 dan                                   amounting to Rp 73,500,000,000 and
      Rp 76.500.000.000 atau setara dengan 7.350                             Rp 76,500,000,000, respectively, consisting of
      dan 7.650 saham. Transaksi ini menaikkan                               7,350 and 7,650 shares. This transaction
      persentase kepemilikan Grup di IKP dari                                increased the ownership interest of the Group
      88,42% menjadi 88,59%. Hal ini menyebabkan                             in IKP from 88.42% to 88.59%. As a result, the
      penyertaan Grup pada IKP berkurang sebesar                             effect of decrease in the carrying value of
      Rp 716.044.716 yang dibukukan pada akun                                Group’s interest in IKP amounting to
      ”Selisih Nilai Transaksi dengan Kepentingan                            Rp 716,044,716 was recorded under
      Nonpengendali”.                                                        “Difference in Value Arising from Transaction
                                                                             with Non-controlling Interest” account.



                                                            - 76 -
Page 325
PT DUTA PERTIWI Tbk DAN ENTITAS ANAK                                                                                              PT DUTA PERTIWI Tbk AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                                                                          Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                                                                             For the Years Ended
31 Desember 2023 dan 2022                                                                                                                           December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                                                                                           (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                                                                               unless Otherwise Stated)


31.   Saldo Laba Ditentukan Penggunaannya                                                                                   31.      Appropriated Retained Earnings

      Berdasarkan     Undang-undang   Perseroan                                                                                      Under Indonesian Limited Company Law
      Terbatas    (Undang-undang),   perusahaan                                                                                      (Law), companies are required to set up a
      diwajibkan   untuk   membentuk   cadangan                                                                                      statutory reserve amounting to at least 20% of
      sekurang-kurangnya sebesar 20% dari jumlah                                                                                     the Company’s issued and paid-up capital.
      modal ditempatkan dan disetor.

      Saldo    laba    yang     telah    ditentukan                                                                                  The balance of appropriated retained earnings
      penggunaannya pada tanggal 31 Desember                                                                                         as of December 31, 2023 and 2022 in
      2023 dan 2022 terkait Undang-undang                                                                                            connection with this Law amounted to
      tersebut   masing-masing    adalah    sebesar                                                                                  Rp 27,589,383,000 and Rp 25,589,383,000,
      Rp 27.589.383.000 dan Rp 25.589.383.000.                                                                                       respectively.


32.   Dividen                                                                                                               32.      Dividends

      Berdasarkan Berita Acara Rapat Umum                                                                                            Based on Annual General Stockholders’
      Pemegang       Saham       Tahunan       yang                                                                                  Meeting as documented in Notarial Deed
      didokumentasikan dalam Akta No. 17 tanggal                                                                                     No. 17 dated June 14, 2022 of Syarifudin,
      14 Juni 2022 dari Syarifudin, S.H., notaris di                                                                                 S.H., a public notary in Tangerang, the
      Tangerang, para pemegang saham Perusahaan                                                                                      Company’s stockholders agreed to distribute
      telah menyetujui pembagian dividen tunai                                                                                       cash dividends to stockholders of record
      kepada pemegang saham yang namanya                                                                                             as of June 24, 2022 amounting to
      tercatat dalam Daftar Pemegang Saham                                                                                           Rp 703,000,000,000 or equivalent to Rp 380
      Perusahaan pada tanggal 24 Juni 2022 dengan                                                                                    per share.
      nilai sebesar Rp 703.000.000.000 atau setara
      dengan Rp 380 per saham.


33.   Kepentingan Nonpengendali                                                                                             33.      Non-Controlling Interests

      Akun ini merupakan bagian kepemilikan                                                                                          This account represents the share of
      nonpengendali atas aset bersih entitas anak,                                                                                   non-controlling stockholders on the net assets
      dengan rincian sebagai berikut:                                                                                                of the subsidiaries, with details follows:
                                                                                                                                          2023
                                                                                          Penyesuaian Nilai                                                                          Ekuitas pada          Selisih Transaksi
                                                                                           Wajar Saham                                                                               Penghasilan          Perubahan Ekuitas
                                                                    Tambahan Modal          Entitas Anak/                                                                         Komprehensif Lain/        Entitas Anak/
                                                                        Disetor/         Adjustment on Fair                                                                         Share in Other        Difference Due to
             Nama Entitas Anak/                                        Additional            Value of a          Saldo Laba/             Laba/                                     Comprehensive          Changes in Equity
             Name of Subsidiary              Modal/Capital Stock     Paid-in Capital     Subsidiary Shares    Retained earnings          Profit          Dividen/Dividends             Income              of a Subsidiary          Jumlah/Total

      PT Putra Alvita Pratama                   191.959.275.382        4.012.889.069                      -       627.210.195.359    168.653.322.212        (465.733.176.778)           (103.302.140)                      -       525.999.203.104
      PT Mitrakarya Multiguna                   258.345.000.000           18.000.000                      -        (2.074.784.828)    (1.851.658.709)                      -              (2.199.258)                      -       254.434.357.205
      PT Wijaya Pratama Raya                     63.122.904.000           26.089.234         92.108.090.638        23.457.667.790      4.286.393.392                       -             (14.134.216)                274.282       182.987.285.120
      PT Royal Oriental                          12.621.375.000           25.890.000                      -     1.040.182.986.870     40.402.221.709        (990.063.697.125)           (118.789.744)                      -       103.049.986.710
      PT Kembangan Permai Development             2.000.000.000           19.999.990                      -       164.671.375.104      4.942.221.468         (90.000.000.000)             (3.917.948)          1.388.463.124        83.018.141.738
      PT Phinisindo Zamrud Nusantara                399.000.000           22.516.930         24.832.020.843        64.245.904.618      2.412.432.749         (50.836.590.000)            (52.160.091)                      -        41.023.125.049
      PT Putra Tirta Wisata *)                      325.380.000          145.323.069                      -          (387.378.000)        (4.407.116)                      -                  (1.530)                      -            78.916.423
      PT Saranapapan Ekasejati                            1.000                    1                      -                  (433)               (13)                    (74)                     (1)                      -                   480

      Jumlah/Total                              528.772.935.382        4.270.708.293       116.940.111.481      1.917.305.966.480    218.840.525.692      (1.596.633.463.977)           (294.504.928)          1.388.737.406     1.190.591.015.829

      * Merupakan entitas anak dari PT Putra Alvita Pratama/A subsidiary of PT Putra Alvita Pratama


                                                                                                                                        2022
                                                                                        Penyesuaian Nilai                                                                          Ekuitas pada          Selisih Transaksi
                                                                                          Wajar Saham                                                                              Penghasilan          Perubahan Ekuitas
                                                                    Tambahan Modal        Entitas Anak/                                                                         Komprehensif Lain/         Entitas Anak/
                                                                        Disetor/        Adjustment on Fair                                                                        Share in Other        Difference Due to
             Nama Entitas Anak/                                        Additional           Value of a           Saldo Laba/            Laba/                                    Comprehensive          Changes in Equity
             Name of Subsidiary             Modal/Capital Stock      Paid-in Capital    Subsidiary Shares     Retained earnings         Profit          Dividen/Dividends            Income               of a Subsidiary        Jumlah/Total

      PT Putra Alvita Pratama                   191.959.275.382        4.012.889.069                     -      563.933.352.408      63.337.722.347      (308.313.059.318)            (60.879.396)                      -       514.869.300.492
      PT Mekanusa Cipta                         328.264.945.980                    -                     -                    -                   -                     -                       -                       -       328.264.945.980
      PT Mitrakarya Multiguna                   258.345.000.000           18.000.000                     -         (711.494.492)     (1.363.598.796)                    -                 308.460                       -       256.288.215.172
      PT Wijaya Pratama Raya                     47.468.904.000           26.088.983        92.107.199.969       20.977.901.150       2.483.286.570                     -              (3.519.930)                      -       163.059.860.742
      PT Royal Oriental                          12.621.375.000           25.890.000                     -    1.001.586.146.311      38.529.325.266      (899.416.981.875)             67.515.293                       -       153.413.269.995
      PT Anekagriya Buminusa                    151.832.488.970                    -                     -                    -                   -                     -                       -                       -       151.832.488.970
      PT Kembangan Permai Development             2.000.000.000           19.999.990                     -      169.375.877.049      (4.717.809.402)      (90.000.000.000)             13.307.457           1.388.463.124        78.079.838.218
      PT Phinisindo Zamrud Nusantara                399.000.000           22.516.930        24.832.020.843       63.356.275.410         903.459.082       (50.836.590.000)            (13.829.874)                      -        38.662.852.391
      PT Putra Prabukarya                        18.035.951.780                    -                     -                    -                   -                     -                       -                       -        18.035.951.780
      PT Kanaka Grahaasri                        17.675.438.845                    -                     -                    -                   -                     -                       -                       -        17.675.438.845
      PT Putra Tirta Wisata *)                      325.380.000          145.323.069                     -         (362.154.214)        (25.227.398)                    -                   3.612                       -            83.325.069
      PT Saranapapan Ekasejati                            1.000                    1                     -                 (434)                  -                   (74)                      1                       -                   494

      Jumlah/Total                            1.028.927.760.957        4.270.708.042       116.939.220.812    1.818.155.903.188      99.147.157.669     (1.348.566.631.267)             2.905.623           1.388.463.124      1.720.265.488.148

      * Merupakan entitas anak dari PT Putra Alvita Pratama/A subsidiary of PT Putra Alvita Pratama




                                                                                                               - 77 -
Page 326
PT DUTA PERTIWI Tbk DAN ENTITAS ANAK                             PT DUTA PERTIWI Tbk AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                         Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                            For the Years Ended
31 Desember 2023 dan 2022                                                          December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                          (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                              unless Otherwise Stated)


      Pada bulan Desember 2023, para pemegang                         In December 2023, shareholders of PT Wijaya
      saham PT Wijaya Pratama Raya setuju untuk                       Pratama Raya agreed to increase the paid-up
      meningkatkan modal ditempatkan dan disetor.                     capital. The non-controlling interest in
      Bagian nonpengendali atas peningkatan modal                     relation to this transactions amounted to
      ini adalah sebesar Rp 15.654.000.000.                           Rp 15,654,000,000.

      Pada bulan April 2023, para pemegang saham                      In April 2023, shareholders of PT Anekagriya
      PT Anekagriya Buminusa setuju untuk                             Buminusa agreed to decrease the paid-up
      menurunkan modal ditempatkan dan disetor.                       capital. The non-controlling interest in
      Bagian nonpengendali atas penurunan modal ini                   relation to this transactions amounted to
      adalah sebesar Rp 151.832.488.970.                              Rp 151,832,488,970.

      Pada bulan April 2023, para pemegang saham                      In April 2023, shareholders of PT Kanaka
      PT Kanaka Grahaasri setuju untuk menurunkan                     Grahaasri agreed to decrease the paid-up
      modal ditempatkan dan disetor. Bagian                           capital. The non-controlling interest in
      nonpengendali atas penurunan modal ini adalah                   relation to this transactions amounted to
      sebesar Rp 17.675.438.845.                                      Rp 17,675,438,845.

      Pada bulan April 2023, para pemegang saham                      In April 2023, shareholders of PT Mekanusa
      PT Mekanusa Cipta setuju untuk menurunkan                       Cipta agreed to decrease the paid-up capital.
      modal ditempatkan dan disetor. Bagian                           The non-controlling interest in relation to this
      nonpengendali atas penurunan modal ini adalah                   transactions amounted to Rp 328,264,945,980.
      sebesar Rp 328.264.945.980.

      Pada bulan April 2023, para pemegang saham                      In April 2023, shareholders of PT Putra
      PT Putra Prabukarya setuju untuk menurunkan                     Prabukarya agreed to decrease the paid-up
      modal ditempatkan dan disetor. Bagian                           capital. The non-controlling interest in
      nonpengendali atas penurunan modal ini adalah                   relation to this transactions amounted to
      sebesar Rp 18.035.951.780.                                      Rp 18,035,951,780.


34.   Pendapatan Usaha                                          34.   Revenues

      Rincian pendapatan usaha Grup berdasarkan                       The details of the Group’s revenues by nature
      produk utama adalah sebagai berikut:                            of transactions follows:

                                               2023                    2022

      Penjualan:                                                                     Sales:
        Tanah, rumah tinggal dan ruko     2.265.819.278.628      1.784.257.573.997     Land, houses and shophouses
        Tanah dan bangunan strata title     845.794.580.946        463.307.704.609     Land and buildings with strata title
      Sewa                                  582.140.667.654        614.867.713.869   Rental
      Hotel                                  24.940.886.241         18.840.402.301   Hotel
      Lain-lain                             143.728.742.220        135.812.157.095   Others

      Jumlah                              3.862.424.155.689      3.017.085.551.871   Total

      Pada tahun 2023 dan 2022, Grup mengakui                         In 2023 and 2022, the Group recognized
      pendapatan     keuangan      dari    kontrak                    finance income from contract with customers
      dengan pelanggan masing-masing sebesar                          amounting to Rp 276,454,896,437 and
      Rp 276.454.896.437 dan Rp 185.623.602.167.                      Rp 185,623,602,167, respectively.

      Pendapatan lain-lain terutama merupakan                         Others mostly pertain           to revenues             from
      pendapatan dari jasa pelayanan dan utilitas.                    services and utilities.

      Pada tahun 2023 dan 2022, tidak terdapat                        In 2023 and 2022, there are no sales to a
      penjualan kepada pihak tertentu yang melebihi                   certain party that exceeded 10% of the total
      10% dari jumlah pendapatan usaha.                               revenues.




                                                       - 78 -
Page 327
PT DUTA PERTIWI Tbk DAN ENTITAS ANAK                               PT DUTA PERTIWI Tbk AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                           Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                              For the Years Ended
31 Desember 2023 dan 2022                                                            December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                            (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                unless Otherwise Stated)


35.   Beban Pokok Penjualan                                       35.   Cost of Revenues

      Rincian dari beban pokok penjualan adalah                         This account consists of cost of sales and
      sebagai berikut:                                                  direct costs with details follows:

                                                 2023                    2022

      Beban pokok penjualan                                                              Cost of sales of
       Tanah, rumah tinggal dan ruko         887.018.704.864        656.167.588.862       Land, houses and shophouses
       Tanah dan bangunan strata title       540.787.643.913        285.915.549.033       Land and buildings with strata title
        Jumlah                              1.427.806.348.777       942.083.137.895        Total

      Beban langsung:                                                                    Direct costs:
       Sewa (Catatan 14, 15 dan 16)          111.440.382.906        124.703.892.126        Rental (Notes 14, 15 and 16)
       Hotel                                   7.617.724.704          5.348.879.560        Hotel
        Jumlah                               119.058.107.610        130.052.771.686        Total
      Jumlah                                1.546.864.456.387      1.072.135.909.581     Total

      Pada tahun 2023 dan 2022, tidak terdapat                          In 2023 and 2022, there are no purchases
      pembelian dan atau pembayaran kepada pihak                        from a certain party that exceeded 10% of the
      tertentu yang melebihi 10% dari jumlah                            total revenues.
      pendapatan usaha.


36.   Beban Usaha                                                 36.   Operating Expenses

      Rincian dari beban usaha adalah sebagai                           The details of operating expenses follows:
      berikut:

                                                2023                    2022

      a. Beban Penjualan                                                               a. Selling Expenses

       Iklan, komisi dan promosi            331.871.569.940        261.889.975.756       Advertising, commission and promotions
       Listrik, komunikasi, dan keperluan                                                Electricity, communication and
          kantor                             84.596.219.227         80.238.884.869          office expenses
       Jasa alih daya                        72.678.445.571         67.317.277.868       Outsourcing
       Gaji dan tunjangan karyawan           33.790.720.579         31.264.513.645       Salaries and employees' allowances
       Pemeliharaan dan perbaikan            25.843.899.883         17.701.328.634       Repairs and maintenance
       Pajak Bumi dan Bangunan               14.422.768.768         12.765.051.018       Land and Building tax
       Asuransi                              10.122.603.499          9.444.859.917       Insurance
       Teknologi informasi                      115.942.700            146.136.001       Information technology
       Perjalanan dinas                         113.323.729            252.682.657       Business related travels
       Konsultan dan perijinan                   81.695.018             77.047.702       Consultation fees and permits
       Jamuan dan sumbangan                      51.520.048             49.526.712       Representation and donations
       Lain-lain                              4.086.837.227          2.851.470.745       Others
       Jumlah                               577.775.546.189        483.998.755.524       Total




                                                         - 79 -
Page 328
PT DUTA PERTIWI Tbk DAN ENTITAS ANAK                                  PT DUTA PERTIWI Tbk AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                              Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                 For the Years Ended
31 Desember 2023 dan 2022                                                               December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                               (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                   unless Otherwise Stated)

                                                  2023                        2022

      b. Beban Umum dan Administrasi                                                        b. General and Administrative Expenses

        Gaji dan tunjangan karyawan           224.857.309.288          205.189.408.204        Salaries and employee's allowances
        Pajak Bumi dan Bangunan                39.949.661.639           40.940.273.464        Land and Building tax
        Jasa alih daya                         19.035.139.260           19.271.637.981        Outsourcing
        Penyusutan dan amortisasi                                                             Depreciation and amortization
          (Catatan 14 dan 15)                  16.728.193.128              15.724.233.267       (Notes 14 and 15)
        Pemeliharaan dan perbaikan             13.941.026.571              12.737.779.656     Repairs and maintenance
        Imbalan kerja jangka panjang                                                          Long-term employee benefits
          (Catatan 37)                         13.924.939.872               6.418.827.546       (Note 37)
        Konsultan dan perijinan                11.530.844.532              13.799.384.912     Consultation fees and permits
        Listrik, komunikasi, dan keperluan                                                    Electricity, communication and office
          kantor                                9.974.256.602              10.606.634.236       expenses
        Jamuan dan sumbangan                    4.218.988.759               3.317.688.395     Representation and donations
        Teknologi informasi                     2.796.999.254               2.373.628.118     Information technology
        Asuransi                                2.177.697.012               3.242.761.198     Insurance
        Perjalanan dinas                          894.554.837                 752.639.776     Business related travels
        Sewa                                      515.531.065               1.393.077.714     Rental
        Corporate social responsibilities          56.454.325                 110.600.000     Corporate social responsibilities
        Lain-lain                              22.825.813.080              23.153.634.749     Others
        Jumlah                                383.427.409.224          359.032.209.216        Total

      c. Beban Pajak Final (Catatan 41)       161.895.565.753          122.419.856.760      c. Final Tax Expense (Note 41)

      Jumlah Beban Usaha                     1.123.098.521.166         965.450.821.500      Total Operating Expenses



37.   Imbalan Kerja Jangka Panjang                                   37.     Long-term Employee Benefits

      Besarnya    imbalan    pasca-kerja         dihitung                    The amount of post-employment benefits is
      berdasarkan ketentuan yang berlaku.                                    calculated based on the applicable provisions.

      Untuk pendanaan imbalan kerja jangka panjang,                          To fund these long-term employee benefits,
      Grup menyelenggarakan program dana pensiun                             the Group operates a defined benefit pension
      manfaat pasti untuk seluruh karyawan tetap                             plan for all qualified permanent employees.
      yang memenuhi syarat. Imbalan tersebut akan                            The benefits will be paid at the time the
      dibayarkan pada saat karyawan pensiun, cacat                           employee retires, is permanently disabled or is
      tetap atau diberhentikan.                                              terminated.

      Grup telah menunjuk PT Asuransi Simas Jiwa,                            The Group has appointed PT Asuransi Simas
      pihak berelasi (Catatan 43), untuk mengelola                           Jiwa, a related party (Note 43), to manage the
      program pensiun tersebut melalui Dana Pensiun                          pension program through the Simas Jiwa
      Lembaga Keuangan (DPLK) Simas Jiwa, yang                               Financial Institution Pension Fund, the
      peraturannya     telah   disahkan     menurut                          regulation of which was approved according to
      Keputusan Dewan Komisioner Otoritas Jasa                               Decision of the Financial Service Authority
      Keuangan No. KEP-20/NB.01/2021 tanggal                                 Commissioner Board No. KEP-20/NB.01/2021
      12 Maret 2021 mengenai Pengesahan atas                                 dated March 12, 2021 concerning Ratification
      Peraturan Dana Pensiun dari DPLK Simas Jiwa.                           of the Pension Fund Regulation from the
                                                                             Simas Jiwa Financial Institution Pension Fund.
      Perhitungan aktuaria terakhir atas liabilitas                          The latest actuarial valuation report, dated
      imbalan kerja jangka panjang dilakukan oleh                            February 2, 2024, on the long-term employee
      KKA Riana & Rekan, aktuaris independen,                                benefits liability was from KKA Riana & Rekan,
      tertanggal 2 Februari 2024.                                            an independent actuary.

      Jumlah karyawan Grup yang berhak atas                                  Number of eligible employees is 625 and 637
      imbalan kerja jangka panjang tersebut                                  in 2023 and 2022, respectively.
      masing-masing sebanyak 625 dan 637 pada
      tahun 2023 dan 2022.




                                                            - 80 -
Page 329
PT DUTA PERTIWI Tbk DAN ENTITAS ANAK                            PT DUTA PERTIWI Tbk AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                        Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                           For the Years Ended
31 Desember 2023 dan 2022                                                         December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                         (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                             unless Otherwise Stated)


    Liabilitas yang disajikan pada laporan posisi                  The liabilities amount included in the
    keuangan konsolidasian sehubungan dengan                       consolidated statement of financial position
    program imbalan pasti adalah sebagai berikut:                  arising from the Group’s obligation in respect
                                                                   of its defined benefits plans follows:

                                               2023                 2022

                                                                                   Present value of funded
    Nilai kini kewajiban imbalan pasti      88.172.324.438       83.598.246.818      defined-benefit
    Nilai wajar aset program                (9.648.473.762)      (8.010.866.448)   Fair value of plan assets

    Jumlah liabilitas kewajiban imbalan                                            Total long-term employee
      kerja jangka panjang - bersih         78.523.850.676       75.587.380.370      benefits liability - net

    Jumlah-jumlah yang diakui di laporan laba                      Amounts recognized in the consolidated
    rugi dan penghasilan komprehensif lain                         statements of profit or loss and other
    konsolidasian sehubungan dengan imbalan                        comprehensive income in respect of this
    pasti adalah sebagai berikut:                                  benefit plans follows:

                                               2023                 2022

    Biaya jasa kini                          7.737.518.194        7.851.018.650    Current service costs
    Penghasilan jasa lalu                     (548.526.465)        (450.269.533)   Past service income
    Beban bunga neto                         5.012.727.748        5.028.975.567    Net interest expense
    Jumlah biaya imbalan pasti                                                     Subtotal of defined benefit costs
      yang diakui di laba rugi              12.201.719.477       12.429.724.684      recognized in profit or loss
    Biaya terminasi                            308.094.525          681.216.425    Termination cost
    Komponen biaya imbalan pasti                                                   Components of defined benefit costs
      yang diakui di laba rugi              12.509.814.002       13.110.941.109      recognized in profit or loss
    Penyesuaian karena perubahan metode                                            Adjustment due to changes in
      atribusi                                            -      (7.307.069.221)     attribution method
    Pengukuran kembali liabilitas imbalan                                          Remeasurement of the defined
      pasti - kerugian (keuntungan)                                                  benefits liability - actuarial loss
      aktuarial diakui dalam penghasilan                                             (gain) recognized in other
      komprehensif lain                      2.225.656.941       (1.536.730.727)     comprehensive income

    Jumlah                                  14.735.470.943        4.267.141.161    Total




    Pada tahun 2023 dan 2022, beban imbalan                        In 2023 and 2022, long-term employee
    kerja jangka panjang masing-masing sebesar                     benefits      expense       amounting         to
    Rp 13.924.939.872 dan Rp 6.418.827.546                         Rp 13,924,939,872 and Rp 6,418,827,546,
    disajikan sebagai bagian dari akun “Beban                      respectively, is included as part of “General
    umum dan administrasi” (Catatan 36) dan                        and administrative expenses” (Note 36) and
    sisanya penghasilan masing-masing sebesar                      and income amounting to Rp 1,415,125,870
    Rp 1.415.125.870 dan Rp 614.955.658 disajikan                  and Rp 614,955,658, respectively, included in
    sebagai bagian dari “Penghasilan (beban)                       “Other income (exepenses)” in profit or loss.
    lain-lain” pada laba rugi.

    Terkait siaran pers DSAK IAI mengenai ”Atribusi                In Connection with DSAK IAI press release
    Imbalan pada Periode Jasa” pada April 2022,                    “Attributing Compensation in the Service
    Grup telah mengubah kebijakan atas atribusi                    Period” in April 2022, the Group changed the
    imbalan pensiun pada periode jasa sesuai                       policy related to attribution of pension
    dengan ketentuan pada PSAK 24 untuk pola                       compensation in the service period in
    fakta umum dari program pensiun berdasarkan                    accordance with the provisions in PSAK 24 for
    UU Cipta Kerja No 11/2020 dan PP35/2021.                       the general fact pattern of pension programs
    Dampak dari perubahan perhitungan sebesar                      based on the UU Cipta Kerja No 11/2020 and
    Rp 7.307.069.221 tidak material terhadap Grup,                 PP35/2021. The impact of the change in the
    sehingga dampak atas perubahan dibukukan                       calculation amounting to Rp 7,307,069,221 is
    pada laporan keuangan konsolidasian tahun                      not considered material to the Group, thus, the
    2022.                                                          impact of the changes is recorded in the 2022
                                                                   consolidated financial statements.




                                                       - 81 -
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PT DUTA PERTIWI Tbk DAN ENTITAS ANAK                            PT DUTA PERTIWI Tbk AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                        Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                           For the Years Ended
31 Desember 2023 dan 2022                                                         December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                         (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                             unless Otherwise Stated)


    Pengukuran kembali atas liabilitas imbalan pasti                The remeasurement of the net defined benfit
    diakui dalam penghasilan komprehensif lain.                     liability is included in other comprehensive
                                                                    income.

    Mutasi liabilitas imbalan kerja jangka panjang -                Movements of long-term employee benefits
    bersih yang diakui di laporan posisi keuangan                   liability - net recognized in the consolidated
    konsolidasian adalah sebagai berikut:                           statements of financial position follows:

                                               2023                   2022

    Saldo awal tahun                        75.587.380.370         86.748.695.270    Balance at the beginning of the year
    Penyesuaian karena perubahan                                                     Adjustment due to changes in
      metode atribusi                                    -         (7.307.069.221)     attribution method
    Beban imbalan kerja jangka panjang                                               Long-term employee benefits expense
      tahun berjalan                        12.509.814.002         13.110.941.109      during the year
    Pembayaran terminasi                      (308.094.525)          (681.216.425)   Termination payment
    Pembayaran selama tahun berjalan        (3.718.313.993)        (1.908.666.315)   Benefit payments during the year
    Iuran Grup                              (7.772.592.119)       (12.838.573.321)   The Group's contribution
    Pengukuran kembali liabilitas imbalan                                            Remeasurement of the defined
      pasti                                  2.225.656.941         (1.536.730.727)     benefits liability
    Saldo akhir tahun                       78.523.850.676         75.587.380.370    Balance at the end of the year


    Mutasi nilai wajar aset program adalah sebagai                  Movement of fair value of plan assets follows:
    berikut:
                                               2023                   2022

    Saldo awal tahun                         8.010.866.448                      -    Balance at the beginning of the year
    Pendapatan bunga                           620.662.817            269.500.000    Interest income
    Kontribusi pemberi kerja                 7.772.592.119         12.838.573.321    Contribution from the employer
    Pembayaran selama tahun berjalan        (6.672.592.119)        (5.138.573.321)   Benefit payments during the year
    Keuntungan (kerugian) pengukuran                                                 Remeasurement gains (loss) -
     kembali - imbal hasil aset program        (83.055.503)            41.366.448      return on plan assets

    Saldo akhir tahun                        9.648.473.762          8.010.866.448    Balance at the end of the year


    Porsi terbesar aset investasi ditempatkan pada                  The largest proportion of investment assets are
    instrumen pendapatan tetap, meskipun Grup                       invested in fixed income instrument, although
    juga berinvestasi pada pasar uang. Grup                         the Group also invest in money market
    meyakini bahwa instrumen pendapatan tetap                       instruments. The Group believes that fixed
    memberikan imbal hasil yang paling baik dalam                   income instrument offers the best returns over
    jangka panjang pada tingkatan risiko yang dapat                 the long term with acceptable level of risk.
    diterima.

    Asumsi-asumsi aktuarial utama yang digunakan                    Principal assumptions used in the valuation of
    dalam perhitungan imbalan kerja jangka                          the long-term employee benefits follows:
    panjang adalah sebagai berikut:

                                               2023                   2022

    Tingkat diskonto                          6,75%                    7,25%         Discount rate
    Tingkat kenaikan gaji                     7,00%                    7,00%         Future salary increases
    Tingkat perputaran karyawan                   2,88% per tahun sampai             Level of employee turnover
                                                   dengan usia 35 tahun,
                                                    kemudian menurun
                                                    secara linier menjadi
                                                  0% pada usia 55 tahun/
                                                  2.88% per annum until
                                                   age 35, then decrease
                                                linearly to 0% until age 55




                                                       - 82 -
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PT DUTA PERTIWI Tbk DAN ENTITAS ANAK                                       PT DUTA PERTIWI Tbk AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                   Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                      For the Years Ended
31 Desember 2023 dan 2022                                                                    December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                                    (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                        unless Otherwise Stated)


      Analisa sensitivitas liabilitas imbalan pasti di                            The sensitivity analysis on the defined benefits
      bawah ini ditentukan berdasarkan kemungkinan                                liability set out below have been determined
      perubahan asumsi yang terjadi pada akhir                                    based on reasonably possible changes of the
      periode pelaporan, dengan asumsi lainnya                                    respective assumptions occurring at the end of
      dianggap tetap:                                                             the reporting period, while holding all other
                                                                                  assumptions constant:

                                                                       2023
                                        Dampak Kenaikan (Penurunan) Terhadap Liabilitas Imbalan Pasti/
                                            Impact of Increase (Decrease) on Defined Benefit Liability
                                   Perubahan asumsi/             Kenaikan asumsi/         Penurunan asumsi/
                                 Change in Assumptions       Increase in Assumptions   Decrease in Assumptions

      Tingkat diskonto                    1%                        (5.079.484.810)                5.633.324.468     Discount rate
      Tingkat pertumbuhan gaji            1%                         5.958.636.968                (5.462.748.753)    Salary growth rate


                                                                       2022
                                        Dampak Kenaikan (Penurunan) Terhadap Liabilitas Imbalan Pasti/
                                            Impact of Increase (Decrease) on Defined Benefit Liability
                                   Perubahan asumsi/             Kenaikan asumsi/          Penurunan asumsi/
                                 Change in Assumptions       Increase in Assumptions   Decrease in Assumptions

      Tingkat diskonto                    1%                        (4.745.496.065)                5.264.084.983     Discount rate
      Tingkat pertumbuhan gaji            1%                         5.772.426.711                (5.272.549.790)    Salary growth rate



38.   Pendapatan Bunga dan Investasi                                      38.     Interest and Investment Income

                                                         2023                       2022

      Pendapatan bunga atas:                                                                       Interest income from:
       Deposito berjangka                           130.074.625.801              90.676.367.851      Time deposits
       Jasa giro                                      3.652.438.156               3.661.616.245      Current accounts
      Amortisasi dampak perdiskontoan                                                              Amortization of effect of discounting
       aset keuangan                                     124.938.704                          -      of financial assets

      Jumlah                                        133.852.002.661              94.337.984.096    Total



39.   Beban Bunga                                                         39.     Interest Expense

                                                         2023                       2022

      Beban bunga atas liabilitas kontrak                                                          Interest expense on contract liabilities
        (Catatan 22)                                198.273.218.902             234.309.433.946      (Note 22)
      Amortisasi dampak pendiskontoan                                                              Amortization of effect of discounting
        liabilitas keuangan (Catatan 21)               2.892.430.384              4.074.839.040      financial liabilities (Note 21)
      Liabilitas sewa (Catatan 26)                       254.629.742                357.608.599    Lease liabilities (Note 26)
      Utang bank jangka panjang (Catatan 25)                       -              4.816.363.432    Long-term bank loans (Note 25)

      Jumlah                                        201.420.279.028             243.558.245.017    Total



40.   Lain-lain – Bersih                                                  40.     Others – Net

                                                         2023                       2022

      Pembalikan beban bunga atas                                                                  Reversal of interest expense
        liabilitas kontrak dalam                                                                     on contract liabilities on
        transaksi pembatalan                        115.216.814.244                           -      cancellation transaction
      Jasa manajemen (Catatan 43)                    10.595.697.956              14.841.697.956    Management fees (Note 43)
      Keuntungan dari kegiatan pengelolaan -                                                       Gain from estate management -
        bersih (Catatan 14, 15 dan 16)                1.311.460.738               2.764.213.876      net (Notes 14, 15 and 16)
      Lain-lain - bersih                             24.562.064.861              21.118.210.747    Others - net
      Jumlah                                        151.686.037.799              38.724.122.579    Total



                                                                 - 83 -
Page 332
PT DUTA PERTIWI Tbk DAN ENTITAS ANAK                                      PT DUTA PERTIWI Tbk AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                  Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                     For the Years Ended
31 Desember 2023 dan 2022                                                                   December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                                   (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                       unless Otherwise Stated)


41.   Perpajakan                                                         41.    Taxation

      a.   Pajak Kini                                                           a.     Current Tax

           Rekonsiliasi antara laba sebelum pajak                                      A reconciliation between profit before tax
           menurut laporan laba rugi dan penghasilan                                   per consolidated statements of profit or
           komprehensif lain konsolidasian dengan                                      loss and other comprehensive income and
           rugi fiskal adalah sebagai berikut:                                         fiscal loss follows:

                                                         2023                        2022

           Laba sebelum pajak menurut                                                                 Profit before tax per consolidated
             laporan laba rugi dan penghasilan                                                          statements of profit or loss and
             komprehensif lain konsolidasian       1.287.487.828.549           848.355.149.032          other comprehensive income
           Ditambah beban pajak final Perusahaan      12.260.815.186            15.924.440.089        Add final tax expense of the Company
           Penyesuaian untuk beban (pendapatan)                                                       Add (deduct) expenses (income)
             yang bersifat final - bersih             (13.315.917.448)          (28.336.434.085)        already subjected to final tax - net
           Laba sebelum pajak                       1.286.432.726.287           835.943.155.036       Profit before tax
           Laba entitas anak sebelum pajak         (1.317.014.227.943)         (841.726.044.936)      Profit before tax of the subsidiaries
           Rugi Perusahaan sebelum pajak             (30.581.501.656)            (5.782.889.900)      Loss before tax of the Company

           Perbedaan temporer:                                                                        Temporary differences:
                                                                                                        Difference between fiscal and
             Penyusutan                                  335.284.435                 495.123.407          commercial depreciation
             Beban imbalan kerja jangka                                                                 Long-term employee benefits
               panjang - bersih                          940.629.234                583.507.169           expense - net
             Jumlah                                    1.275.913.669              1.078.630.576         Total

           Perbedaan tetap:                                                                           Permanent differences:
                                                                                                        Gain on sale of property and
             Keuntungan penjualan aset tetap           (3.835.232.575)               (365.000.000)       equipment
             Dampak penghapusan aset hak-guna                       -                (433.841.097)     Write-off of right-of-use assets
             Beban bunga                                2.665.578.689                 200.496.904      Interest expense
             Cadangan (pemulihan) penurunan                                                            Allowance for (recoveries from)
               nilai piutang                           (1.050.100.407)               186.098.630         impairment
             Jamuan dan sumbangan                         478.464.998                373.728.661       Representation and donations
             Jumlah                                    (1.741.289.295)                (38.516.902)      Total
           Rugi fiskal                               (31.046.877.282)            (4.742.776.226)      Fiscal loss
                                                                                                      Fiscal losses carried forward from
           Rugi fiskal tahun lalu:                                                                      prior years:
            2022                                      (4.742.776.226)                         -         2022
            2021                                      (7.547.351.257)            (7.547.351.257)        2021
            2020                                     (23.868.400.265)           (23.868.400.265)        2020
            2017                                                   -            (58.993.553.772)        2017
           Akumulasi rugi fiskal                     (67.205.405.030)           (95.152.081.520)      Accumulated fiscal losses


           Rincian beban pajak kini dan utang pajak                                    The details of current tax expense and
           adalah sebagai berikut:                                                     taxes payable follows:
                                                           2023                      2022

           Entitas anak                                                                              Subsidiaries
             PT Perwita Margasakti                        924.029.485             887.794.147          PT Perwita Margasakti
             PT Phinisindo Zamrud Nusantara               746.808.937             273.342.199          PT Phinisindo Zamrud Nusantara
             PT Royal Oriental                            271.080.920             241.518.860          PT Royal Oriental
             PT Putra Alvita Pratama                      245.085.500             227.290.140          PT Putra Alvita Pratama
             PT Kembangan Permai Development               25.529.350              25.971.110          PT Kembangan Permai Development
             PT Mustika Karya Sejati                       13.909.500               1.988.074          PT Mustika Karya Sejati
           Jumlah                                       2.226.443.692           1.657.904.530        Total
           Pajak penghasilan dibayar dimuka                                                          Less prepaid income taxes
             Perusahaan                                 3.561.758.299           1.595.901.092          The Company
             Entitas anak                               1.737.962.641           1.685.502.432          Subsidiaries

           Pajak dibayar dimuka                        (3.073.277.248)         (1.623.498.994)       Prepaid taxes




                                                                - 84 -
Page 333
PT DUTA PERTIWI Tbk DAN ENTITAS ANAK                            PT DUTA PERTIWI Tbk AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                        Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                           For the Years Ended
31 Desember 2023 dan 2022                                                         December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                         (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                             unless Otherwise Stated)


                                                 2023                 2022

        Terdiri dari:                                                                Details:
          Pajak dibayar dimuka (Catatan 10)                                           Prepaid taxes (Note 10)
            Perusahaan                        (3.561.758.299)      (1.595.901.092)       The Company
            Entitas anak                        (506.434.014)        (474.214.435)       Subsidiaries
          Utang pajak (Catatan 19)                                                    Taxes payable (Note 19)
            Entitas anak                        994.915.065          446.616.533         Subsidiaries

          Jumlah                              (3.073.277.248)      (1.623.498.994)    Total



        Pada tanggal 7 Oktober 2021, Dewan                              On October 7, 2021, the House of
        Perwakilan Rakyat Republik Indonesia                            Representatives of the Republic of
        mengesahkan                Undang-Undang                        Indonesia passed the Law on the
        Harmonisasi Peraturan Perpajakan, yang                          Harmonization of Tax Regulations, which
        antara lain menetapkan tarif pajak                              stipulates a corporate income tax rate of
        penghasilan badan sebesar 22% untuk                             22% for the fiscal year 2022 onwards,
        tahun pajak 2022 dan seterusnya.                                among others. The Company as a
        Perusahaan       sebagai    wajib      pajak                    domestic public company tax payer with
        perusahaan       publik   dalam       negeri                    total number of shares on the stock
        dengan jumlah saham di Bursa Efek                               exchange of Indonesia at least 40%
        Indonesia      sekurang-kurangnya       40%                     meeting     certain    requirements    of
        memenuhi persyaratan tertentu dari                              Government Regulation, can avail of
        Peraturan Pemerintah, dapat memperoleh                          further 3% reduction from the tax rate as
        pengurangan lebih lanjut 3% dari tarif pajak                    mentioned above, i.e. 19%. The Group
        tersebut diatas, yakni menjadi 19%. Grup                        has adopted the amendments of those
        telah menerapkan penyesuaian atas tarif                         prevailing tax rates in the current tax
        pajak yang berlaku dalam perhitungan                            computation.
        pajak kininya.

        Rugi fiskal dapat dimanfaatkan melalui                          According to tax regulations, fiscal loss
        kompensasi terhadap laba kena pajak                             can be offset against the taxable income
        dalam masa lima (5) tahun sejak timbulnya                       immediately within a period of five (5)
        rugi fiskal.                                                    years after such fiscal loss was incurred.

        Rugi fiskal Perusahaan tahun 2022 telah                         The fiscal loss in 2022 are in accordance
        sesuai dengan Surat Pemberitahuan                               with the corporate income tax returns filed
        Tahunan (SPT) yang disampaikan ke                               with the Tax Service Office.
        Kantor Pelayanan Pajak.

    Rekonsiliasi antara beban pajak yang dihitung                    A reconciliation between the total tax
    dengan menggunakan tarif pajak yang berlaku                      expense and the amounts computed by
    atas laba akuntansi sebelum pajak penghasilan                    applying the effective tax rate to profit before
    tidak final dengan beban pajak penghasilan                       tax per consolidated statements profit or loss
    seperti yang tercantum dalam laporan laba                        and other comprehensive income follows:
    rugi dan penghasilan komprehensif lain
    konsolidasian adalah sebagai berikut:




                                                       - 85 -
Page 334
PT DUTA PERTIWI Tbk DAN ENTITAS ANAK                                            PT DUTA PERTIWI Tbk AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                        Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                           For the Years Ended
31 Desember 2023 dan 2022                                                                         December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                                         (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                             unless Otherwise Stated)


                                                           2023                         2022

    Laba sebelum pajak menurut                                                                         Profit before tax per consolidated
      laporan laba rugi dan penghasilan                                                                  statements of profit or loss and
      komprehensif lain konsolidasian             1.287.487.828.549              848.355.149.032         other comprehensive income
    Ditambah beban pajak final Perusahaan            12.260.815.186               15.924.440.089       Add final tax expense of the Company
    Penyesuaian untuk beban (pendapatan)                                                               Add (deduct) expenses (income)
      yang pajaknya final                            (13.315.917.448)             (28.336.434.085)       already subjected to final tax
    Laba sebelum pajak                             1.286.432.726.287              835.943.155.036      Profit before tax
    Laba entitas anak sebelum pajak               (1.317.014.227.943)            (841.726.044.936)     Profit before tax of subsidiaries

    Rugi Perusahaan sebelum pajak                    (30.581.501.656)              (5.782.889.900)     Loss before tax of the Company
    Penghasilan pajak tidak final                                                                      Nonfinal tax benefit at effective
      dengan tarif pajak yang berlaku                    (6.727.930.364)           (1.272.235.778)      tax rate

    Pengaruh pajak atas perbedaan tetap:                                                               Tax effect of permanent differences:
                                                                                                         Gain on sale of property and
         Keuntungan penjualan aset tetap                  (843.751.167)                 (80.300.000)       equipment
                                                                                                         Impact of written-off of right-of-use
         Dampak penghapusan aset hak-guna                            -                  (95.445.041)       assets
         Beban bunga                                       586.427.312                   44.109.319      Interest expense
         Cadangan (pemulihan) penurunan                                                                  Allowance for (recoveries from)
           nilai piutang                                  (231.022.090)                 40.941.699         impairment
         Jamuan dan sumbangan                              105.262.300                  82.220.305       Representation and donations
         Jumlah                                           (383.083.645)                 (8.473.718)      Total

    Penghasilan pajak tidak final                        (7.111.014.009)           (1.280.709.496)       Nonfinal tax benefit
    Estimasi rugi fiskal yang tidak                                                                      Estimated unrecoverable deferred
      terpulihkan                                        6.830.313.002              1.043.410.770          tax asset on fiscal loss
                                                                                                         Unrecognized deferred tax on
    Pajak tangguhan dari perbedaan                                                                         current year's temporary
      temporer yang tidak diakui                           280.701.007                237.298.726          differences
    Jumlah beban pajak Perusahaan                                    -                          -        Total tax expense of the Company
    Jumlah beban pajak entitas anak                      2.226.443.692              1.657.904.530        Total tax expense of the subsidiaries

    Jumlah Beban Pajak                                   2.226.443.692              1.657.904.530        Total Tax Expense


    b.     Pajak Final                                                             b.     Final Tax

           Perhitungan beban pajak final dan pajak                                        The final tax expense and prepaid taxes
           dibayar dimuka adalah sebagai berikut:                                         are computed as follows:
                                                                2023                     2022

            Pajak penghasilan final:                                                                   Final income tax:
             Perusahaan                                                                                  Company
                Penjualan                                                                                Sales
                  2,5% x Rp 72.020.030.659 tahun 2023;        1.800.500.766                       -        2.5% x Rp 72,020,030,659 in 2023;
                  2,5% x Rp 198.349.439.694 dan                                                            2.5% x Rp 198,349,439,694 and
                  5% x Rp 396.470.520 tahun 2022                            -        4.978.559.518         5% x Rp 396,470,520 in 2022
                Sewa dan jasa pelayanan                                                                  Rental and service charges
                  2,5% x Rp 3.564.917.361,                                                                 2.5% x Rp 3,564,917,361,
                  6% x Rp 1.215.718.950 dan                                                                6% x Rp 1,215,718,950 and
                  10% x Rp 102.982.483.482 tahun 2023;      10.460.314.420                        -        10% x Rp 102,982,483,482 in 2023;
                  2,5% x Rp 4.166.045.324,                                                                 2.5% x Rp 4,166,045,324,
                  6% x Rp 2.372.069.857 dan                                                                6% x Rp 2,372,069,857 and
                  10% x Rp 106.994.052.463 tahun 2022                       -      10.945.880.571          10% x Rp 106,994,052,463 in 2022
             Jumlah                                         12.260.815.186         15.924.440.089         Subtotal




                                                                   - 86 -
Page 335
PT DUTA PERTIWI Tbk DAN ENTITAS ANAK                                         PT DUTA PERTIWI Tbk AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                     Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                        For the Years Ended
31 Desember 2023 dan 2022                                                                      December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                                      (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                          unless Otherwise Stated)

                                                        2023                     2022

        Entitas anak                                                                               Subsidiaries
         PT Duta Semesta Mas                        43.823.246.996          21.055.027.929          PT Duta Semesta Mas
         PT Royal Oriental                          27.465.621.550          26.663.141.285          PT Royal Oriental
         PT Putra Alvita Pratama                    25.934.057.395          15.011.280.028          PT Putra Alvita Pratama
         PT Prima Sehati                            16.327.117.385          10.698.423.518          PT Prima Sehati
         PT Wijaya Pratama Raya                      9.264.760.285           8.440.945.778          PT Wijaya Pratama Raya
         PT Itomas Kembangan Perdana                 6.136.246.969               5.239.182          PT Itomas Kembangan Perdana
         PT Sinarwijaya Ekapratista                  5.939.850.875           8.805.054.917          PT Sinarwijaya Ekapratista
         PT Perwita Margasakti                       4.950.618.257           5.071.156.250          PT Perwita Margasakti
         PT Misaya Properindo                        3.875.149.552           4.447.929.489          PT Misaya Properindo
         PT Phinisindo Zamrud Nusantara              2.810.829.447           2.121.263.416          PT Phinisindo Zamrud Nusantara
         PT Mustika Karya Sejati                     2.369.000.951           1.381.417.069          PT Mustika Karya Sejati
         PT Mekanusa Cipta                             452.951.486           2.465.205.265          PT Mekanusa Cipta
         PT Saranapapan Ekasejati                      140.591.343             162.590.794          PT Saranapapan Ekasejati
         PT Kembangan Permai Development                85.946.727              68.656.664          PT Kembangan Permai Development
         PT Kurnia Subur Permai                         55.153.404              96.144.264          PT Kurnia Subur Permai
         PT Anekagriya Buminusa                          1.316.303                 573.305          PT Anekagriya Buminusa
         PT Kanaka Grahaasri                             1.291.642               1.367.518          PT Kanaka Grahaasri
         PT Putra Prabukarya                             1.000.000                       -          PT Putra Prabukarya
            Jumlah                                 149.634.750.567         106.495.416.671           Subtotal
      Jumlah                                       161.895.565.753         122.419.856.760         Total
      Dikurangi pajak penghasilan
        dibayar dimuka                                                                         Less prepaid income taxes
        Perusahaan                                  19.728.423.529          24.581.172.834       Company
        Entitas anak                               243.279.368.898         221.615.950.223       Subsidiaries
        Jumlah                                     263.007.792.427         246.197.123.057       Total
      Pajak dibayar dimuka                         (101.112.226.674)       (123.777.266.297)   Prepaid taxes

      Terdiri dari:                                                                            Details:
        Perusahaan                                                                              Company
          Pasal 4 ayat 2 (6% dan 10%)                 7.175.032.172           7.957.756.834        Article 4 paragraph 2 (6% and 10%)
          Pasal 4 ayat 2 (2,5% dan 5%)                  292.576.171             698.975.911        Article 4 paragraph 2 (2.5% and 5%)
        Entitas anak                                                                            Subsidiaries
          Pasal 4 ayat 2 (6% dan 10%)               33.539.805.708          39.531.693.144         Article 4 paragraph 2 (6% and 10%)
          Pasal 4 ayat 2 (2,5% dan 5%)              60.104.812.623          75.588.840.408         Article 4 paragraph 2 (2.5% and 5%)

        Jumlah (Catatan 10)                        101.112.226.674         123.777.266.297         Total (Note 10)

      c.      Surat Ketetapan Pajak                                               c.    Tax Assessment Letter

              Pada tanggal 22 Desember 2023,                                            On December 22, 2023, the Company
              Perusahaan menerima Surat Ketetapan                                       received Tax Assessment Overpayment
              Pajak Lebih Bayar atas Pajak Badan tahun                                  Letter for Corporate Income Tax for
              fiskal 2022, Surat Ketetapan Pajak Kurang                                 fiscal year 2022, Tax Assessment
              Bayar (SKPKB) pajak penghasilan pasal                                     Underpayment Letter for income tax
              4 ayat 2, pasal 21 dan pasal 23 untuk                                     article 4 paragraph 2, article 21 and
              tahun fiskal 2022, yang telah dibayarkan                                  article 23 for fiscal year 2022 which has
              oleh Perusahaan sebesar Rp 620.218.076                                    been paid by the Company amounting to
              pada tanggal 18 Januari 2024.                                             Rp 620,218,076 on January 18, 2024.


42.   Laba Per Saham Dasar                                                 42.    Basic Earnings Per Share

      Perhitungan laba bersih per saham dasar                                     The computation of basic earnings per share
      adalah sebagai berikut:                                                     follows:

                                                         2023                      2022

      Jumlah laba yang digunakan dalam                                                               Profit for computation of basic earnings
        perhitungan laba per saham dasar:                                                              per share:
           Jumlah laba bersih yang diatribusikan
             kepada pemilik entitas induk                                                                  Net profit attributable to owners
             (pemegang saham Perusahaan)           1.066.420.859.165           747.550.086.833              of the Company
                                                                                                     Weighted average number of shares
      Jumlah rata-rata tertimbang saham                1.850.000.000             1.850.000.000        outstanding
      Laba per saham dasar                                      576,44                    404,08     Basic earnings per share




                                                                  - 87 -
Page 336
PT DUTA PERTIWI Tbk DAN ENTITAS ANAK                               PT DUTA PERTIWI Tbk AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                           Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                              For the Years Ended
31 Desember 2023 dan 2022                                                            December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                            (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                unless Otherwise Stated)


43.   Sifat dan Transaksi Hubungan Berelasi                       43.   Nature of Relationship and Transactions
                                                                        with Related Parties

      Rincian sifat hubungan dan jenis transaksi yang                   The details of the nature of relationship and
      material dengan pihak berelasi adalah sebagai                     the significant transactions with related parties
      berikut:                                                          follows:

      Sifat Pihak Berelasi                                              Nature of Relationship

      a. Pemegang       saham Perusahaan yaitu                          a.   PT Bumi Serpong Damai Tbk and
           PT Bumi Serpong Damai Tbk dan PT Sinar                            PT Sinar Mas Tunggal are stockholders of
           Mas Tunggal.                                                      the Company.

      b. Perusahaan yang sebagian pemegang                              b.   Related parties which have partly the
           saham secara langsung maupun tidak                                same stockholders, directly or indirectly,
           langsung sama dengan Grup yaitu:                                  as that of the Group follows:

           •   PT Asuransi Sinar Mas                                         •   PT KB Insurance Indonesia
           •   PT Asuransi Simas Jiwa                                        •   PT Puradelta Lestari Tbk
           •   PT Arara Abadi                                                •   PT Purimakmur Sinar Globalindo
           •   PT Bank Sinarmas Tbk                                          •   PT Samakta Mitra
           •   PT Bumi Permai Lestari                                        •   PT Sinarmas Asset Management
           •   PT Borneo Indobara                                            •   PT Sinarmas Sekuritas
           •   PT Daya Anugerah Sejati Utama                                 •   PT Sinartama Gunita
           •   PT Dian Swastatika Sentosa Tbk                                •   PT Sinarmas Rendranusa
           •   PT DSSE Energi Mas Utama                                      •   PT Sinarmas Tjipta
           •   PT DSSP Power Kendari                                         •   PT Sinar Mas Agro Resources and
           •   PT DSSP Power Sumsel                                              Technology Tbk
           •   PT DSST Mas Gemilang                                          •   PT Sinar Mas Multiartha Tbk
           •   PT Eka Mas Republik                                           •   PT Smart Telecom
           •   PT Golden Energy Mines Tbk                                    •   PT Sumber Indah Perkasa
           •   PT Ivo Mas Tunggal

      c.   PT Cakrawala Mega Indah, PT Indah Kiat                       c.   PT Cakrawala Mega Indah, PT Indah Kiat
           Pulp & Paper Tbk, PT Lontar Papyrus Pulp                          Pulp & Paper Tbk, PT Lontar Papyrus
           & Paper Industry, PT Pabrik Kertas Tjiwi                          Pulp & Paper Industry, PT Pabrik Kertas
           Kimia Tbk dan PT Pindo Deli Pulp and                              Tjiwi Kimia Tbk and PT Pindo Deli Pulp
           Paper Mills adalah pihak berelasi karena                          and Paper Mills are related parties
           hubungan keluarga dengan pemegang                                 due to family relationship of ultimate
           saham akhir, tetapi tidak memiliki pengaruh                       shareholders of the companies, but do not
           signifikan, kesamaan pengendalian dan                             have significant influence, control and
           kepemilikan.                                                      common ownership.

      d. Entitas yang dicatat dengan menggunakan                        d.   Investments in BKS Pasar Pagi – ITC
           metode ekuitas yaitu BKS Pasar Pagi – ITC                         Mangga Dua, PT Citraagung Tirta Jatim,
           Mangga Dua, PT Citraagung Tirta Jatim,                            PT Bumi Paramudita Mas, PT Matra
           PT Bumi Paramudita Mas, PT Matra                                  Olahcipta, PT Binamaju Mitra Sejati,
           Olahcipta, PT Binamaju Mitra Sejati,                              PT Keikyu Itomas Indonesia, PT Sahabat
           PT Keikyu Itomas Indonesia, PT Sahabat                            Kota Wisata, PT Sahabat Duta Wisata and
           Kota Wisata, PT Sahabat Duta Wisata dan                           PT Duti Diamond Development, are
           PT Duti Diamond Development.                                      accounted for using the equity method.




                                                         - 88 -
Page 337
PT DUTA PERTIWI Tbk DAN ENTITAS ANAK                                              PT DUTA PERTIWI Tbk AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                          Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                             For the Years Ended
31 Desember 2023 dan 2022                                                                           December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                                           (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                               unless Otherwise Stated)


    Transaksi Pihak Berelasi                                                             Transactions with Related Parties

    a.   Akun-akun berikut merupakan transaksi                                           a.     The accounts involving transactions with
         dengan pihak berelasi:                                                                 related parties follows:
                                                                                              Persentase Terhadap
                                                                                                  Jumlah Aset/
                                                                                                 Percentage to
                                                            Jumlah/Total                          Total Assets
                                                     2023                  2022               2023             2022
                                                                                               %                %

         Aset                                                                                                         Assets
         Kas dan setara kas                                                                                           Cash and cash equivalents
           Bank                                                                                                         Cash in banks
               PT Bank Sinarmas Tbk                                                                                        PT Bank Sinarmas Tbk
                  Rupiah                           7.283.115.504       3.516.853.343          0,05            0,02            Rupiah
                  Dolar Amerika Serikat              300.283.794         312.499.146          0,00            0,00            U.S. Dollar

         Jumlah                                    7.583.399.298       3.829.352.489          0,05            0,02      Total

         Piutang usaha                                                                                                Trade accounts receivable
            PT Sinar Mas Tjipta                    3.777.363.461             9.493.552        0,03            0,00       PT Sinar Mas Tjipta
            PT Sinar Mas Agro Resources and                                                                              PT Sinar Mas Agro Resources
               Technology Tbk                      2.533.025.502       1.908.747.882          0,02            0,01          and Technology Tbk
            PT Sinarmas Sekuritas                    290.627.837          10.313.961          0,00            0,00       PT Sinarmas Sekuritas
            PT Golden Energy Mines Tbk               125.729.994         861.240.788          0,00            0,01       PT Golden Energy Mines Tbk
            PT Arara Abadi                           102.571.982          14.176.264          0,00            0,00       PT Arara Abadi
            PT Indah Kiat Pulp & Paper Tbk            61.386.320       2.910.946.039          0,00            0,02       PT Indah Kiat Pulp & Paper Tbk
            PT Purimakmur Sinar Globalindo             6.828.879         136.244.034          0,00            0,00       PT Purimakmur Sinar Globalindo
            PT Pindo Deli Pulp and Paper Mills         5.180.529         685.001.970          0,00            0,00       PT Pindo Deli Pulp and Paper Mills
            PT Lontar Papyrus Pulp & Paper                                                                               PT Lontar Papyrus Pulp & Paper
               Industry                                5.062.789           257.327.540        0,00            0,00          Industry
            Lain-lain (masing-masing di bawah
               Rp 100 juta)                         241.495.902             85.959.218        0,00            0,00      Others (below Rp 100 million each)

           Jumlah                                  7.149.273.196       6.879.451.247          0,05            0,04      Total

         Piutang lain-lain                                                                                            Other accounts receivable
            PT Sinar Mas Tunggal                    342.656.780            342.656.780        0,00            0,00      PT Sinar Mas Tunggal
            Lain-lain (masing-masing di bawah
               Rp 100 juta)                          98.569.987             21.417.569        0,00            0,00      Others (below Rp 100 million each)

           Jumlah                                   441.226.767            364.074.349        0,00            0,00      Total

         Biaya dibayar dimuka                                                                                         Prepaid expenses
            PT Asuransi Sinar Mas                        93.748             26.163.404        0,00            0,00       PT Asuransi Sinar Mas

         Investasi dalam saham                                                                                        Investments in shares of stock
            Metode Ekuitas:                                                                                              Equity method:
            Entitas Asosiasi                                                                                             Associates
               PT Sahabat Kota Wisata            243.319.993.907     170.709.391.915          1,61            1,10          PT Sahabat Kota Wisata
               PT Sahabat Duta Wisata            164.264.946.887      96.947.506.702          1,09            0,62          PT Sahabat Duta Wisata
               PT Matra Olahcipta                 62.360.913.152      62.983.332.449          0,41            0,40          PT Matra Olahcipta
               PT Keikyu Itomas Indonesia         57.787.481.664      54.672.262.662          0,38            0,35          PT Keikyu Itomas Indonesia
               PT Binamaju Mitra Sejati           33.211.006.476      26.791.472.299          0,22            0,17          PT Binamaju Mitra Sejati
               PT Citraagung Tirta Jatim           5.721.466.891       4.403.101.687          0,04            0,03          PT Citraagung Tirta Jatim
               PT Bumi Paramudita Mas                        711                 773          0,00            0,00          PT Bumi Paramudita Mas
            Ventura Bersama                                                                                              Joint Ventures
               PT Duti Diamond Development        19.546.482.178      27.643.390.282          0,13            0,18          PT Duti Diamond Development
               BKS Pasar Pagi - ITC Mangga Dua     3.685.477.253       3.094.901.287          0,02            0,02          BKS Pasar Pagi - ITC Mangga Dua

           Jumlah                                589.897.769.119     447.245.360.056          3,90            2,87      Total




                                                                     - 89 -
Page 338
PT DUTA PERTIWI Tbk DAN ENTITAS ANAK                                                 PT DUTA PERTIWI Tbk AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                             Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                                For the Years Ended
31 Desember 2023 dan 2022                                                                              December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                                              (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                                  unless Otherwise Stated)

                                                                                           Persentase Terhadap
                                                                                             Jumlah Liabilitas/
                                                                                              Percentage to
                                                            Jumlah/Total                      Total Liabilities
                                                     2023                    2022          2023               2022
                                                                                            %                   %
          Liabilitas                                                                                                 Liabilities
          Setoran jaminan                                                                                            Security deposits
            PT Indah Kiat Pulp & Paper Tbk        36.386.945.614       36.486.377.689      0,99             0,78       PT Indah Kiat Pulp & Paper Tbk
            PT Sinar Mas Agro Resources and                                                                            PT Sinar Mas Agro Resources and
                Technology Tbk                    17.340.618.368       15.555.564.375      0,47             0,33           Technology Tbk
            PT Pabrik Kertas Tjiwi Kimia Tbk      10.465.371.829       10.465.008.041      0,29             0,22       PT Pabrik Kertas Tjiwi Kimia Tbk
            PT Sinarmas Asset Management           6.993.173.055        7.022.809.387      0,19             0,15       PT Sinarmas Asset Management
            PT Sinarmas Sekuritas                  6.287.007.769        6.356.377.705      0,17             0,14       PT Sinarmas Sekuritas
            PT Borneo Indobara                     3.457.965.778                    -      0,09               -        PT Borneo Indobara
            PT Golden Energy Mines Tbk             2.981.768.274        2.981.768.274      0,08             0,06       PT Golden Energy Mines Tbk
            PT Bank Sinarmas Tbk                   2.966.592.199        3.004.762.220      0,08             0,06       PT Bank Sinarmas Tbk
            PT DSSP Power Sumsel                   2.844.130.254        2.286.666.654      0,08             0,05       PT DSSP Power Sumsel
            PT Sinarmas Tjipta                     1.641.703.500        1.641.703.500      0,05             0,04       PT Sinarmas Tjipta
            PT Eka Mas Republik                    1.404.606.757                    -      0,04             0,00       PT Eka Mas Republik
            PT Pindo Deli Pulp and Paper Mills     1.375.534.028        1.382.760.465      0,04             0,03       PT Pindo Deli Pulp and Paper Mills
            PT Lontar Papyrus Pulp                                                                                     PT Lontar Papyrus Pulp
                & Paper Industry                   1.268.451.094           1.275.675.836   0,03             0,03           & Paper Industry
            PT Smart Telecom                       1.189.353.558           1.189.353.558   0,03             0,03       PT Smart Telecom
            PT Dian Swastatika Sentosa Tbk           920.007.400             917.167.856   0,03             0,02       PT Dian Swastatika Sentosa Tbk
             PT Ivo Mas Tunggal                     854.083.092            1.098.782.274   0,02             0,02        PT Ivo Mas Tunggal
             PT DSSP Power Kendari                  780.722.952              430.579.752   0,02             0,01        PT DSSP Power Kendari
             PT Cakrawala Mega Indah                742.778.415              742.778.415   0,02             0,02        PT Cakrawala Mega Indah
             PT Asuransi Simas Jiwa                 714.776.120              696.072.166   0,02             0,02        PT Asuransi Simas Jiwa
             Lain-lain (masing-masing dibawah
                Rp 600 juta)                       4.129.955.690           4.318.049.969   0,11             0,09        Others (below Rp 600 milion each)

             Jumlah                              104.745.545.746       97.852.258.136      2,85             2,10        Total

          Liabilitas kontrak                                                                                         Contract liabilities
             PT Keikyu Itomas Indonesia                        -      412.994.000.000              -        8,86       PT Keikyu Itomas Indonesia

          Sewa diterima dimuka                                                                                       Rental advances
            PT Indah Kiat Pulp & Paper Tbk        24.960.880.954       19.320.982.750      0,68             0,41       PT Indah Kiat Pulp & Paper Tbk
            PT Borneo Indobara                    10.231.249.347                    -      0,28               -        PT Borneo Indobara
            PT Sinarmas Asset Management           4.513.196.718        5.415.702.659      0,12             0,12       PT Sinarmas Asset Management
            PT Eka Mas Republik                    2.763.786.440                    -      0,07               -        PT Eka Mas Republik
            PT Pabrik Kertas Tjiwi Kimia Tbk       2.221.301.701        2.081.272.501      0,06             0,05       PT Pabrik Kertas Tjiwi Kimia Tbk
            PT Cakrawala Mega Indah                1.932.715.293        1.932.715.293      0,05             0,04       PT Cakrawala Mega Indah
            PT Golden Energy Mines Tbk             1.843.340.706          565.201.170      0,05             0,01       PT Golden Energy Mines Tbk
            PT Dian Swastatika Sentosa Tbk         1.692.496.799        1.692.496.799      0,05             0,04       PT Dian Swastatika Sentosa Tbk
            PT DSSP Power Sumsel                   1.114.927.200        1.457.755.200      0,03             0,03       PT DSSP Power Sumsel
            PT Lontar Papyrus Pulp                                                                                     PT Lontar Papyrus Pulp
               & Paper Industry                    1.048.338.879             500.922.639   0,03             0,01           & Paper Industry
            PT DSSP Power Kendari                  1.039.861.710             339.575.310   0,03             0,01       PT DSSP Power Kendari
            PT DSSE Energi Mas Utama               1.038.672.000           1.038.672.000   0,03             0,02       PT DSSE Energi Mas Utama
            PT Pindo Deli Pulp and Paper Mills     1.029.663.880                       -   0,03               -        PT Pindo Deli Pulp and Paper Mills
            PT DSST Mas Gemilang                     913.203.620                       -   0,02               -        PT DSST Mas Gemilang
            PT Smart Telecom                         614.044.982             625.850.381   0,02             0,01       PT Smart Telecom
            PT Sinarmas Sekuritas                      2.880.000           2.831.190.300   0,00             0,06       PT Sinarmas Sekuritas
            Lain-lain (masing-masing dibawah
               Rp 600 juta)                        2.168.426.801           1.758.066.078   0,06             0,04        Others (below Rp 600 million each)

             Jumlah                               59.128.987.030       39.560.403.080      1,61             0,85        Total




                                                                       - 90 -
Page 339
PT DUTA PERTIWI Tbk DAN ENTITAS ANAK                                                  PT DUTA PERTIWI Tbk AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                              Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                                 For the Years Ended
31 Desember 2023 dan 2022                                                                               December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                                               (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                                   unless Otherwise Stated)

                                                                                              Persentase Terhadap
                                                                                           Jumlah Pendapatan/Beban/
                                                                                          Percentage to Total Respective
                                                           Jumlah/Total                        Revenues/Expenses
                                                    2023                    2022              2023             2022
                                                                                               %                %
        Pendapatan Usaha                                                                                                   Revenues
          PT Sinar Mas Agro Resources and                                                                                    PT Sinar Mas Agro Resources and
             Technology Tbk                     65.505.877.211        61.114.106.692          1,70            2,03              Technology Tbk
          PT Indah Kiat Pulp & Paper Tbk        32.572.724.572        31.542.186.863          0,84            1,05           PT Indah Kiat Pulp & Paper Tbk
          PT Sinarmas Asset Management          16.397.111.567        17.044.793.661          0,42            0,57           PT Sinarmas Asset Management
          PT Borneo Indobara                    13.780.793.406                     -          0,36              -            PT Borneo Indobara
          PT Pabrik Kertas Tjiwi Kimia Tbk       6.736.436.084         6.536.965.414          0,17            0,22           PT Pabrik Kertas Tjiwi Kimia Tbk
          PT Sinarmas Tjipta                     6.685.840.257         9.958.463.629          0,17            0,33           PT Sinarmas Tjipta
          PT Sinarmas Sekuritas                  5.569.699.018         5.745.014.562          0,14            0,19           PT Sinarmas Sekuritas
          PT Eka Mas Republik                    5.432.361.883                     -          0,14              -            PT Eka Mas Republik
          PT Golden Energy Mines Tbk             3.499.868.047         2.879.488.772          0,09            0,10           PT Golden Energy Mines Tbk
          PT Dian Swastatika Sentosa Tbk         3.432.151.451         3.415.646.100          0,09            0,11           PT Dian Swastatika Sentosa Tbk
          PT Cakrawala Mega Indah                2.899.898.240         2.768.017.131          0,08            0,09           PT Cakrawala Mega Indah
          PT Asuransi Simas Jiwa                 2.870.678.375         2.756.641.442          0,07            0,09           PT Asuransi Simas Jiwa
          PT DSSP Power Sumsel                   2.641.539.865         2.977.291.635          0,07            0,10           PT DSSP Power Sumsel
          PT DSSE Energi Mas Utama               2.129.546.000         2.106.627.000          0,06            0,07           PT DSSE Energi Mas Utama
          PT Smart Telecom                       2.102.670.596         2.075.077.324          0,05            0,07           PT Smart Telecom
          PT Lontar Papyrus Pulp & Paper                                                                                     PT Lontar Papyrus Pulp & Paper
             Industry                            1.577.587.680         1.324.125.800          0,04            0,04              Industry
          PT Pindo Deli Pulp and Paper Mills     1.564.181.680         1.763.345.934          0,04            0,06           PT Pindo Deli Pulp and Paper Mills
          PT Ivo Mas Tunggal                     1.434.836.145         1.325.830.088          0,04            0,04           PT Ivo Mas Tunggal
          PT DSSP Power Kendari                  1.404.966.200           681.426.800          0,04            0,02           PT DSSP Power Kendari
          PT Arara Abadi                         1.106.692.347         1.345.837.063          0,03            0,04           PT Arara Abadi
          PT Puradelta Lestari Tbk                 796.287.229           818.724.867          0,02            0,03           PT Puradelta Lestari Tbk
          PT Daya Anugerah Sejati Utama            696.479.944                     -          0,02              -            PT Daya Anugerah Sejati Utama
          PT Bank Sinarmas Tbk                     112.641.665         2.990.520.225          0,00            0,10           PT Bank Sinarmas Tbk
          PT Sahabat Duta Wisata                             -        83.935.800.000            -             2,78           PT Sahabat Duta Wisata
          PT Sahabat Kota Wisata                             -        78.561.000.000            -             2,60           PT Sahabat Kota Wisata
          PT Bumi Permai Lestari                             -             7.855.237            -             0,00           PT Bumi Permai Lestari
          Lain-lain (masing-masing dibawah
             Rp 600 juta)                        2.605.986.844            2.644.767.674       0,07            0,09           Others (below Rp 600 million each)

             Jumlah                            183.556.856.306      326.319.553.913           4,75            10,82          Total

        Beban umum dan administrasi                                                                                        General and administrative expenses
          Beban teknologi informasi                                                                                          Information technology expense
            PT Samakta Mitra                     2.064.400.000                        -       0,54               -               PT Samakta Mitra

        Penghasilan (beban) lain-lain                                                                                      Other income (expenses)
          Pendapatan bunga dan investasi                                                                                     Interest and investment income
            PT Bank Sinarmas Tbk                  200.526.913              195.611.827        0,15            0,21               PT Bank Sinarmas Tbk

             Pendapatan jasa manajemen                                                                                       Management fees income
               PT Duti Diamond Development       2.510.000.000            6.600.000.000      23,69            44,47            PT Duti Diamond Development
               PT Citraagung Tirta Jatim           244.897.956              244.897.956      2,31             1,65             PT Citraagung Tirta Jatim
               PT Sinarmas Rendranusa                        -              156.000.000       0,00             1,05            PT Sinarmas Rendranusa

             Jumlah                              2.754.897.956            7.000.897.956      26,00            47,17          Total

             Kegiatan pengelolaan                                                                                            Estate management
               PT Samakta Mitra                   125.000.000                         -       0,14               -              PT Samakta Mitra




        b.        Grup menunjuk PT Asuransi Simas                                                    b.      The     Group   has     appointed
                  Jiwa untuk mengelola program dana                                                          PT Asuransi Simas Jiwa to manage
                  pensiun manfaat pasti (Catatan 37).                                                        the defined benefit pension plan
                                                                                                             (Note 37).

        c.        Pada tanggal 31 Desember 2023 dan                                                  c.      As of December 31, 2023 and 2022,
                  2022, Grup mengasuransikan asetnya                                                         the Group insured their assets
                  (persediaan, aset tetap dan properti                                                       (inventories, property and equipment
                  investasi) kepada PT Asuransi Sinar                                                        and investment properties) with
                  Mas     dengan     premi     asuransi                                                      PT Asuransi Sinar Mas, with
                  masing-masing sebesar 99,99% dari                                                          insurance      premium      payments
                  jumlah beban premi asuransi yang                                                           representing 99.99%, of the total
                  dibayarkan (Catatan 8, 14 dan 16).                                                         insurance premiums paid (Notes 8,
                                                                                                             14 and 16).




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PT DUTA PERTIWI Tbk DAN ENTITAS ANAK                                       PT DUTA PERTIWI Tbk AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                   Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                      For the Years Ended
31 Desember 2023 dan 2022                                                                    December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                                    (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                        unless Otherwise Stated)

          d.    Grup     memberikan     kompensasi                                    d.    The Group provides compensation to
                kepada karyawan kunci. Imbalan yang                                         the key management personnel. The
                diberikan kepada Dewan Komisaris                                            remuneration     of    Board    of
                dan Direksi di tahun 2023 dan 2022                                          Commissioners and Directors in
                adalah sebagai berikut:                                                     2023 and 2022 follows:
                                                              2023                           2022
                                                       %                              %
                                                                                                               Salaries and other short-term
                Gaji dan imbalan kerja jangka pendek   5,38      13.905.297.720      4,23     10.010.764.672      employee benefits



44.   Tujuan dan Kebijakan Manajemen Risiko                               44.     Financial Risk Management Objectives and
      Keuangan                                                                    Policies

      Risiko-risiko utama yang timbul dari instrumen                              The main risks arising from the Group’s
      keuangan yang dimiliki Grup adalah risiko mata                              financial instruments are foreign exchange risk,
      uang asing, risiko kredit dan risiko likuiditas.                            credit risk and liquidity risk. The operational
      Kegiatan operasional Grup dijalankan secara                                 activities of the Group are managed in a
      berhati-hati dengan mengelola risiko-risiko                                 prudential manner by managing those risks to
      tersebut agar tidak menimbulkan potensi                                     minimize potential losses.
      kerugian bagi Grup.

      Direksi bertugas menentukan prinsip dasar                                   The BOD has the responsibility to determine
      kebijakan manajemen risiko Grup secara                                      the basic principles of the Group’s risk
      keseluruhan serta kebijakan pada area tertentu                              management as well as principles covering
      seperti risiko mata uang asing, risiko kredit, dan                          specific areas, such as foreign exchange risk,
      risiko likuiditas.                                                          credit risk, and liquidity risk.

      Risiko Mata Uang Asing                                                      Foreign Exchange Risk

      Risiko nilai tukar adalah risiko                  usaha                     Foreign exchange rate risk is the risk that the
      dalam nilai instrumen keuangan                    akibat                    fair value or future contractual cash flows of a
      berfluktuasinya perubahan nilai tukar.                                      financial instrument will fluctuate because of
                                                                                  changes in foreign exchange rates.

      Grup dalam melakukan kegiatan usahanya                                      The Group’s major transactions (i.e. sale,
      sebagian besar mempergunakan mata uang                                      purchases and operating expenses) are mostly
      Rupiah dalam hal transaksi penjualan,                                       denominated      in   Indonesian     currency.
      pembelian bahan baku dan beban usaha.                                       Transaction in foreign currency are only done
      Transaksi usaha dalam mata uang asing hanya                                 for special purpose, and the management
      dilakukan untuk hal-hal khusus, dan jika hal                                regularly reviews its foreign currency
      tersebut terjadi manajemen akan melakukan                                   exposure.
      review berkala atas eksposur mata uang asing
      tersebut.

      Eksposur aset dan liabilitas moneter Grup                                   The Group’s monetary assets and liabilities
      dalam mata uang asing diungkapkan pada                                      exposed to foreign exchange risk are set out in
      Catatan 48.                                                                 Note 48.

      Pada tanggal 31 Desember 2023 dan 2022, jika                                As of December 31, 2023 and 2022,
      mata uang Rupiah melemah/menguat sebesar                                    if    the      Rupiah       currency     had
      Rp 1.000 terhadap Dolar Amerika Serikat                                     weakened/strengthened by Rp 1,000, against
      dengan variabel lain konstan, laba bersih tahun                             the U.S. Dollar with all other variables held
      2023 dan 2022 akan lebih rendah/tinggi                                      constant, net profit in 2023 and 2022 would
      masing-masing sebesar Rp 5.082.628.000 dan                                  have been lower/higher by Rp 5,082,628,000
      Rp 5.101.482.000.                                                           and Rp 5,101,482,000, respectively.

      Risiko Kredit                                                               Credit Risk

      Risiko    kredit  timbul    dari  kemungkinan                               Credit risk is the risk that the Group will incur a
      ketidakmampuan pelanggan untuk memenuhi                                     loss arising from the customers or
      kewajibannya sesuai dengan syarat normal                                    counterparties’ failure to fulfill their contractual
      transaksi pada saat jatuh tempo pembayaran.                                 obligations.



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PT DUTA PERTIWI Tbk DAN ENTITAS ANAK                              PT DUTA PERTIWI Tbk AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                          Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                             For the Years Ended
31 Desember 2023 dan 2022                                                           December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                           (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                               unless Otherwise Stated)

    Risiko kredit timbul dari kas dan setara kas,                     Credit risk arises from cash and cash
    investasi pada surat berharga dan deposito                        equivalents, investments in shares and time
    berjangka, piutang usaha dan lain-lain.                           deposits, trade accounts receivable and other
    Manajemen menempatkan kas, deposito                               receivables. Management placed cash, time
    berjangka dan investasi surat berharga hanya                      deposits and investment in shares only to
    pada bank dan lembaga keuangan yang                               banks and financial institutions which are
    bereputasi baik dan terpercaya. Untuk                             reputable and reliable. To minimize credit risk
    meminimalisasi risiko kredit atas piutang usaha                   on receivable from sale of real estate
    yang    berasal    dari   penjualan     properti,                 properties, management imposes fines for the
    manajemen       mengenakan        denda      atas                 late payment and hand over the unit as the
    keterlambatan pembayaran serta melakukan                          time of redemption. For leased assets, the
    serah terima unit pada saat pelunasan. Untuk                      customers are asked to pay the rent in
    penyewaan      properti,   pelanggan     diminta                  advance and provide a security deposits on
    membayar uang sewa di muka dan memberikan                         service charge and utilities. For the hotel
    uang jaminan atas service charge dan utilitas.                    rooms, management are having business
    Untuk piutang kamar hotel, manajemen                              relationship with travel agents who has the
    melakukan hubungan usaha dengan pihak agen                        credibility, establish verification policy and
    perjalanan     yang      memiliki    kredibilitas,                credit authorization.
    menetapkan kebijakan verifikasi dan otorisasi
    kredit.

    Berdasarkan     evaluasi     tersebut    pihak                    Based on that evaluation, management will
    manajemen akan menentukan perkiraan jumlah                        determine the approximate uncollectible
    yang tidak dapat ditagih atas piutang tersebut                    amount as well as determine the amount of
    serta menentukan pembentukan akun cadangan                        impairment losses on trade accounts
    kerugian penurunan nilai atas piutang usaha                       receivable.
    tersebut.

    Tidak ada limit kredit yang dilampaui selama                      No credit limits were exceeded during the
    periode pelaporan dan manajemen tidak                             reporting period, and management does not
    mengharapkan kerugian dari kegagalan pihak-                       expect any losses from non-performance by
    pihak dalam melunasi utangnya.                                    these counterparties.

    Lihat Catatan 6 untuk informasi jumlah piutang                    Refer to Note 6 for the information regarding
    usaha berdasarkan umur (hari) dihitung sejak                      the aging analysis of trade accounts receivable
    tanggal faktur.                                                   from the date of invoice issuance.

    Kualitas kredit dari aset keuangan Grup berupa                    The credit quality of the Group’s financial
    kas dan setara kas, investasi pada deposito                       assets of cash and cash equivalents,
    berjangka, piutang usaha dan lain-lain adalah                     investments in time deposits, trade accounts
    lancar, yang ditelaah dengan mengacu pada                         receivable and other receivables are current,
    kredibilitas dan reputasi pihak rekanan serta                     which are examined with reference to the
    informasi    historis   mengenai    penerimaan                    credibility and reputation of the partners as
    pembayaran.                                                       well as historical information about the receipt
                                                                      of payment.

    Berikut adalah eksposur maksimum terhadap                         The table below shows the maximum exposure
    risiko kredit untuk komponen laporan posisi                       to credit risk for the components of
    keuangan      konsolidasian pada    tanggal                       consolidated statements of financial position
    31 Desember 2023 dan 2022:                                        as of December 31, 2023 and 2022:
                                               2023                    2022

    Kas dan setara kas                   2.854.552.382.494        3.494.425.041.977   Cash and cash equivalents
    Investasi jangka pendek                277.638.312.774          312.107.041.678   Short-term investments
    Piutang lain-lain - bersih              29.039.351.292           15.831.045.685   Other accounts receivable - net
    Piutang usaha - bersih                  23.545.226.114           20.840.140.629   Trade accounts receivable - net

    Jumlah                               3.184.775.272.674        3.843.203.269.969   Total


    Risiko Likuiditas                                                 Liquidity Risk

    Risiko likuiditas adalah risiko kerugian yang                     Liquidity risk is a risk arising when the cash
    timbul karena Grup tidak memiliki arus kas yang                   flow position of the Group is not enough to
    cukup untuk memenuhi liabilitasnya.                               cover the liabilities which become due.


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PT DUTA PERTIWI Tbk DAN ENTITAS ANAK                                                          PT DUTA PERTIWI Tbk AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                                      Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                                         For the Years Ended
31 Desember 2023 dan 2022                                                                                       December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                                                       (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                                           unless Otherwise Stated)


      Dalam pengelolaan risiko likuiditas, manajemen                                              In the management of liquidity risk,
      memantau dan menjaga jumlah kas dan setara                                                  management monitors and maintains a level of
      kas yang dianggap memadai untuk membiayai                                                   cash and cash equivalents deemed adequate
      operasional Grup dan untuk mengatasi dampak                                                 to finance the Group’s operations and to
      fluktuasi arus kas. Manajemen juga melakukan                                                mitigate the effects of fluctuation in cash flows.
      evaluasi berkala atas proyeksi arus kas dan                                                 Management also regularly evaluates the
      arus kas aktual, termasuk jadwal jatuh tempo                                                projected and actual cash flows, including loan
      utang,     dan     terus-menerus     melakukan                                              maturity profiles, and continuously assess
      penelaahan       pasar     keuangan       untuk                                             conditions in the financial markets for
      mendapatkan sumber pendanaan yang optimal.                                                  opportunities to obtain optimal funding
                                                                                                  sources.

      Tabel di bawah ini menganalisa liabilitas                                                   The table below analyzes the Group’s financial
      keuangan Grup yang diselesaikan secara neto                                                 liabilities into relevant maturity groupings
      yang dikelompokkan berdasarkan periode yang                                                 based on the remaining period to the
      tersisa sampai dengan tanggal jatuh tempo                                                   contractual maturity date. The amounts
      kontraktual. Jumlah yang diungkapkan dalam                                                  disclosed in the table are the contractual
      tabel merupakan arus kas kontraktual yang                                                   undiscounted cash flows:
      tidak didiskontokan:

                                                                                       2023
                                <= 1 tahun/      >1 tahun-2 tahun/    >2 tahun-5 tahun/        > 5 tahun/           Jumlah/          Nilai Tercatat/
                                <= 1 year           >1-2 years           >2-5 years            > 5 years             Total           As Reported


      Liabilitas Keuangan                                                                                                                                Other Financial
        Lainnya                                                                                                                                            Liabilities
      Utang usaha             398.147.010.714                  -                    -                      -    398.147.010.714     398.147.010.714      Trade accounts payable
      Beban akrual             25.563.183.040                  -                    -                      -     25.563.183.040      25.563.183.040      Accrued expenses
      Setoran jaminan         160.115.217.517      2.709.954.445        6.291.746.819         55.684.342.470    224.801.261.251     224.801.261.251      Security deposits
      Liablitas lain - lain     9.840.890.342                  -                    -                      -      9.840.890.342       9.840.890.342      Other liabilities

      Jumlah                  593.666.301.613      2.709.954.445        6.291.746.819         55.684.342.470    658.352.345.347     658.352.345.347      Total


                                                                                     2022
                                <= 1 tahun/     >1 tahun-2 tahun/    >2 tahun-5 tahun/        > 5 tahun/          Jumlah/          Nilai Tercatat/
                                 <= 1 year         >1-2 years           >2-5 years            > 5 years            Total           As Reported


      Liabilitas Keuangan                                                                                                                              Other Financial
         Lainnya                                                                                                                                         Liabilities
      Utang usaha             219.366.627.599                 -                    -                     -     219.366.627.599    219.366.627.599      Trade accounts payable
      Beban akrual             24.124.171.945                 -                    -                     -      24.124.171.945     24.124.171.945      Accrued expenses
      Setoran jaminan         151.833.476.787     3.240.770.504        5.740.998.676        54.420.736.199     215.235.982.166    215.235.982.166      Security deposits
      Liablitas lain - lain    13.101.401.366                 -                    -                     -      13.101.401.366     13.101.401.366      Other liabilities

      Jumlah                  408.425.677.697     3.240.770.504        5.740.998.676        54.420.736.199     471.828.183.076    471.828.183.076      Total




45.   Perjanjian                                                                        45.       Agreements

      Perjanjian Sewa – Grup sebagai Lessee                                                       Lease Agreements – Group as Lessee

      Grup menandatangani beberapa perjanjian                                                     The Group entered into various lease
      sewa peralatan kantor dan bangunan. Periode                                                 agreements for use of office equipment and
      sewa berkisar antara tiga (3) tahun sampai lima                                             building. The lease terms are between three
      (5) tahun. Sebagian besar perjanjian sewa                                                   (3) to five (5) years and the majority of the
      tersebut dapat diperpanjang kembali pada akhir                                              lease agreements are renewable at the end of
      masa sewa dengan penyesuaian ke harga                                                       the lease period at market rate.
      pasar kini.

       Pihak dalam perjanjian/                                         Item yang disewa/                                             Periode perjanjian/
             Counterparties                                               Leased items                                              Period of agreement

       PT Sentral Mitra                                          Sewa printer /Printer lease                                     Januari 2022 – December
       Informatika Tbk                                                                                                           2024/January   2022   –
                                                                                                                                 December 2024

       Pemda DKI                                                 Bangunan/Building                                               Maret 2018 – Maret 2023/
                                                                                                                                 March 2018 – March 2023


                                                                              - 94 -
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PT DUTA PERTIWI Tbk DAN ENTITAS ANAK                                      PT DUTA PERTIWI Tbk AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                  Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                     For the Years Ended
31 Desember 2023 dan 2022                                                                   December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                                   (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                       unless Otherwise Stated)


     PT Purizuqni                                   Sewa lahan/Land lease                                Maret 2020 – Februari 2023
                                                                                                         dan    Maret    2023     –
                                                                                                         Mei 2026/March 2020 –
                                                                                                         February     2023      and
                                                                                                         March 2023 – May 2026

    Nilai tercatat aset hak-guna dan liabilitas sewa                              The carrying amounts of right-of-use assets
    atas      sewa     tersebut   telah      disajikan                            and lease liabilities of the aforementioned
    masing-masing pada Catatan 15 dan 26.                                         leases have been presented in Notes 15 and
                                                                                  26, respectively.

    Laporan     laba     rugi   dan    penghasilan                                The consolidated statements of profit or loss
    komprehensif lain konsolidasian menyajikan                                    and other comprehensive income shows the
    saldo berikut berkaitan dengan sewa:                                          following amounts related to leases:

                                                    2023                   2022

                                                                                             Depreciation of right-of-use assets
    Penyusutan aset hak-guna (Catatan 15)         3.458.340.873         3.600.048.539          (Note 15)

    Beban bunga atas liabilitas sewa                                                         Interest expense on lease
      (Catatan 39)                                 254.629.742            357.608.599           liabilities (Note 39)

    Beban berkaitan dengan sewa jangka
      pendek dan aset bernilai rendah                                                        Expense relating to short-term leases
      (Catatan 36)                                 515.531.065          1.393.077.714          and low-value assets (Note 36)

    Jumlah                                        4.228.501.680         5.350.734.852        Total


    Jumlah pengeluaran kas untuk sewa selama                                      The total cash outflow for leases for the
    tahun yang berakhir 31 Desember 2023                                          year ended December 31, 2023 and
    dan 2022 masing-masing adalah sebesar                                         2022 amounted to Rp 2,878,111,065 and
    Rp 2.878.111.065 dan Rp 4.162.047.714.                                        Rp 4,162,047,714, respectively.

    Jumlah komitmen sewa untuk sewa jangka                                        Total lease commitments from short-term
    pendek yang dicatat sebagai beban dengan                                      leases recognized as expenses on a
    dasar garis lurus selama tahun yang berakhir                                  straight-line basis for the year ended
    31 Desember 2023 dan 2022 masing-masing                                       December 31, 2023 and 2022 amounted to
    adalah Rp 515.531.065 dan Rp 1.393.077.714.                                   Rp 515,531,065 and Rp 1,393,077,714,
                                                                                  respectively.

    Perjanjian Pembangunan dengan Kontraktor                                      Construction Agreements

    a.   Grup telah menandatangani perjanjian                                     a.   The Group entered into agreements with
         dengan    beberapa  kontraktor  untuk                                         several contractors for the development of
         pembangunan lebih lanjut proyek Grup                                          real estate projects as follows:
         sebagai berikut:

                       Nama Kontraktor/                     Nama Perusahaan /              Lokasi Proyek/                 Nama Proyek/
                        Contractor Name                      Company Name                 Project Location                Project Name

         PT Mitralanggeng Jaya Konstruksi            Perusahaan                          Surabaya            Klaska Residence

         PT Kirana Kurnia Kreasi,                    PT Putra Alvita Pratama             Bekasi              Grand Wisata
          PT Mitra Bangun Cipta,
          PT Marga Mulia Dwiperkasa,
          PT Karya Cipta Bangun Mandiri dan/and
          PT Wadaya Kreasi Sejahtera

         PT Cipta Design Arsitektur Mandiri          PT Sinarwijaya Ekapratista          Tangerang           Banjar Wijaya

         PT Tatamulia Nusantara Indah,               PT Duta Semesta Mas                 Jakarta             South Gate
          PT Aecom Indonesia dan/and
          PT Tethagra Adyatama

         PT Total Bangun Persada Tbk                 PT Itomas Kembangan Perdana         Jakarta             Aerium




                                                               - 95 -
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PT DUTA PERTIWI Tbk DAN ENTITAS ANAK                            PT DUTA PERTIWI Tbk AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                        Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                           For the Years Ended
31 Desember 2023 dan 2022                                                         December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                         (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                             unless Otherwise Stated)

    Perjanjian Kerjasama Bangun, Kelola dan                        Build, Operate         and     Transfer     (BOT)
    Alih (Build, Operate and Transfer / BOT)                       Agreements

    b.   Pada tanggal 15 Januari 1993, Perusahaan                  b.   On January 15, 1993, the Company
         menandatangani     perjanjian    kerjasama                     entered into a Build, Operate and Transfer
         bangun, kelola dan alih (Build, Operate and                    (BOT) agreement with PT Sinarwisata
         Transfer atau BOT) dengan PT Sinarwisata                       Lestari (SWL), a subsidiary, to build and
         Lestari (SWL), entitas anak, untuk                             operate a hotel building with its facility
         membangun dan mengelola gedung hotel                           located in Jalan Mangga Dua, Jakarta for
         dan sarana penunjangnya yang dibangun di                       a period of twenty (20) years from the
         Jalan Mangga Dua, Jakarta, untuk jangka                        commencement of the hotel’s commercial
         waktu dua puluh (20) tahun sejak hotel                         operations. In 2015, the term of BOT
         beroperasi secara komersial. Pada tahun                        agreement changed to forty (40) years
         2015, jangka waktu perjanjian kerjasama                        based on amended agreement.
         BOT diubah menjadi empat puluh (40)
         tahun berdasarkan addendum perjanjian.

         Pada waktu masa perjanjian berakhir, SWL                       Upon expiration of the agreement, SWL
         akan menyerahkan gedung tersebut                               will transfer the hotel building to the
         kepada Perusahaan.                                             Company.

    c.   Pada tanggal 13 September 1999,                           c.   On September 13, 1999, the Company
         Perusahaan menandatangani perjanjian                           signed a joint operations agreement with
         kerjasama bangun, kelola dan alih (Build,                      the Local Government (Pemda) Jakarta
         Operate and Transfer atau BOT) dengan                          under Build, Operate, and Transfer (BOT),
         Pemerintah Daerah (Pemda) Jakarta untuk                        to build a bridge measuring 4,199 square
         membangun jembatan penyeberangan                               meters, including its shop facility of
         orang seluas 4.199 m2 beserta fasilitas                        141 units or 1,527 square meters, which
         pertokoan sebanyak 141 unit atau                               will connect ITC Mangga Dua building and
         1.527 m2 yang menghubungkan gedung                             Mall Mangga        Dua    building. This
         ITC dengan Mal Mangga Dua untuk jangka                         agreement is valid for thirty (30) years
         waktu tiga puluh (30) tahun sejak jembatan                     starting from the date when the bridge is
         selesai dibangun dan layak beroperasi.                         ready for use.

         Selama masa BOT, Perusahaan dapat                              During the BOT period, the Company can
         menyewakan fasilitas pertokoan kepada                          rent out, transfer its rights or lend the shop
         pihak lain. Pada waktu masa BOT berakhir,                      facility to third parties. At the end of the
         Perusahaan akan menyerahkan jembatan                           BOT period, the Company will transfer the
         dan fasilitas pertokoan tersebut kepada                        bridge and the shop facility to Pemda
         Pemda Jakarta.                                                 Jakarta.

    d.   Pada tanggal 25 April 2002, Perusahaan                    d.   On April 25, 2002, the Company signed a
         menandatangani       perjanjian  kerjasama                     joint operations agreement to Build,
         bangun, kelola dan alih (Build, Operate and                    Operate and Transfer (BOT) with the
         Transfer atau BOT) dengan pihak ketiga,                        Association of Low Cost Shophouses
         yaitu Perhimpunan Penghuni Rumah Susun                         Jakarta International Trade Center (“the
         Bukan Hunian Jakarta International Trade                       Association”) to build kiosks totaling
         Center untuk mendirikan bangunan kios                          77 units in a public area of 418.50 square
         sebanyak 77 unit di atas Area Umum                             meters,      which   includes   supporting
         dengan luas 418,50 m2 yang dilengkapi                          facilities, for twenty (20) years starting
         fasilitas dan berikut sarana penunjangnya                      July 2003, the date of the agreement, until
         untuk jangka waktu dua puluh (20) tahun                        July 2023.
         sejak Juli 2003 sampai dengan Juli 2023.

         Selama masa BOT, Perusahaan berhak                             During the BOT period, the Company can
         menyewakan kios tersebut kepada pihak                          rent out, transfer its rights or lend the
         lain. Jangka waktu perjanjian ini dapat                        kiosks to the Association. The agreement
         diperpanjang untuk jangka waktu tertentu                       can be extended for a certain period with
         dengan ketentuan-ketentuan dan syarat-                         the consent of both parties. At the end of
         syarat yang akan ditetapkan kemudian oleh                      the BOT period, the Company will transfer
         kedua belah pihak secara mufakat. Pada                         the kiosks to the Association.
         waktu masa BOT berakhir, Perusahaan
         akan menyerahkan kios tersebut kepada
         pihak ketiga tersebut di atas.



                                                       - 96 -
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PT DUTA PERTIWI Tbk DAN ENTITAS ANAK                             PT DUTA PERTIWI Tbk AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                         Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                            For the Years Ended
31 Desember 2023 dan 2022                                                          December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                          (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                              unless Otherwise Stated)


         Bangunan kios tersebut telah diserahkan                         The aforementioned kiosks had been
         kepada pihak ketiga sehubungan dengan                           handed over to third parties upon
         telah berakhirnya perjanjian kerjasama.                         expiration of the agreement.

    e.   Pada tanggal 14 Mei 2003, Perusahaan                       e.   On May 14, 2003, the Company signed a
         menandatangani     perjanjian     kerjasama                     joint operations agreement with the Local
         bangun, kelola dan alih (Build, Operate and                     Government (Pemda) in Jakarta under
         Transfer atau BOT) dengan Pemerintah                            Build, Operate, and Transfer (BOT), to
         Daerah      (Pemda)       Jakarta      untuk                    build a bridge and an underground
         membangun jembatan dan terowongan                               channel totaling 3,041 square meters in
         seluas 3.041 m2 yang melintas di atas dan                       Jalan Aquarium, including its shop facility
         di bawah Jalan Aquarium dilengkapi                              of 196 units or 1,559.80 square meters,
         dengan fasilitas 196 toko seluas 1.559,80                       which will connect Harcomas building and
         m2     yang    menghubungkan        Gedung                      Mall Mangga        Dua   building. This
         Harcomas dan Gedung Mal Mangga Dua                              agreement is valid for twenty five (25)
         untuk jangka waktu dua puluh lima (25)                          years starting from the date when the
         tahun sejak jembatan dan terowongan                             bridge and underground channel are
         selesai dibangun dan layak beroperasi.                          ready for use.

         Selama masa BOT, Perusahaan dapat                               During the BOT period, the Company can
         menyewakan,        meminjamkan        atau                      rent out, transfer its rights or lend the shop
         memberikan hak fasilitas pertokoan kepada                       facility to third parties. At the end of the
         pihak lain. Pada waktu masa BOT berakhir,                       BOT period, the Company will transfer the
         Perusahaan akan menyerahkan jembatan                            bridge, underground channel and the shop
         dan terowongan tersebut kepada Pemda                            facility to Pemda Jakarta.
         Jakarta.

    f.   Pada tanggal 8 Oktober 2003, PT Perwita                    f.   On October 8, 2003, PT Perwita
         Margasakti     (PMS),      entitas     anak,                    Margasakti (PMS), a subsidiary entered
         menandatangani     perjanjian     kerjasama                     into a Build, Operate and Transfer (BOT)
         bangun, kelola dan alih (Build, Operate and                     Agreement with the Local Government
         Transfer atau BOT) dengan Pemerintah                            (Pemda) in Jakarta, wherein PMS will
         Daerah (Pemda) Jakarta, dimana PMS                              build a bridge and a tunnel, each
         akan     membangun        jembatan      dan                     consisting of kiosks, which will connect
         terowongan yang berisi kios, yang akan                          Superblok Ambasador Kuningan and ITC
         menghubungkan       Gedung        Superblok                     Kuningan located at Jalan Prof. Dr. Satrio,
         Ambasador Kuningan dan ITC Kuningan                             South Jakarta.
         yang berlokasi di Jalan Prof. Dr. Satrio,
         Jakarta Selatan.

         PMS       mempunyai       hak       untuk                       PMS has the right to operate the bridge
         mengoperasikan jembatan dan terowongan                          and tunnel together with the kiosks for
         bersama dengan kios yang berada                                 twenty-five (25) years commencing from
         didalamnya selama dua puluh (25) tahun,                         the signing of the agreement. Upon
         sejak penandatanganan perjanjian. Setelah                       expiration of the twenty-five year period,
         berakhirnya masa tersebut, PMS akan                             PMS will transfer a portion of the kiosks
         menyerahkan sebagian kios dari jembatan                         from the bridge and the tunnel to Pemda.
         dan terowongan kepada Pemda.

    Perjanjian Kerjasama                                            Joint Operations Agreements

    g.   Pada tanggal 8 Oktober 1999, Perusahaan                    g.   On October 8, 1999, the Company signed
         menandatangani    perjanjian  kerjasama                         a joint operations agreement “Badan Kerja
         dalam bentuk Badan Kerja Sama (BKS                              Sama” (BKS Pasar Pagi – ITC Mangga
         Pasar Pagi – ITC Mangga Dua) dengan                             Dua) with PT Praja Puri Indah Real Estate
         PT Praja Puri Indah Real Estate dan                             and individual to build a bridge, including
         individu untuk membangun jembatan                               shop facility, which will connect the Pasar
         penyeberangan orang beserta fasilitas                           Pagi Mangga Dua building and ITC
         pertokoan yang menghubungkan gedung                             Mangga Dua building. The Company’s
         Pasar Pagi Mangga Dua dan gedung ITC                            share in BKS Pasar Pagi – ITC Mangga
         Mangga     Dua.     Bagian    partisipasi                       Dua is 40%.
         Perusahaan pada BKS Pasar Pagi – ITC
         Mangga Dua adalah sebesar 40%.




                                                        - 97 -
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PT DUTA PERTIWI Tbk DAN ENTITAS ANAK                             PT DUTA PERTIWI Tbk AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                         Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                            For the Years Ended
31 Desember 2023 dan 2022                                                          December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                          (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                              unless Otherwise Stated)

         Pada tanggal 30 September 2005,                                 On September 30, 2005, the Company
         Perusahaan                 menandatangani                       signed a renewal of the aforementioned
         pembaharuan perjanjian kerjasama BKS                            joint operation agreement on the BKS
         Pasar Pagi – ITC Mangga Dua dengan PT                           Pasar Pagi – ITC Mangga Dua with
         Praja Puri Indah Real Estate dan individu.                      PT Praja Puri Indah Real Estate and
         Berdasarkan perjanjian tersebut, para pihak                     individuals. Based on the agreement, the
         akan     bekerja   sama      melaksanakan                       parties will develop, manage and use
         pembangunan,          mengelola         dan                     together the kiosks in Pasar Pagi – ITC
         menggunausahakan         kios-kios    yang                      Mangga Dua Bridge. This agreement is
         terdapat pada Jembatan Pasar Pagi – ITC                         valid since October 8, 1999 until the rights
         Mangga Dua tersebut secara bersama-                             to manage the bridge expires, the bridge
         sama. Perjanjian ini berlangsung sejak                          had been transferred to Pemda DKI, and
         tanggal 8 Oktober 1999 sampai dengan                            all parties already met all their obligations,
         diserahkannya        jembatan        Pasar                      calculated and distributed profit and
         Pagi – ITC Mangga Dua dan dengan                                losses.
         berakhirnya hak pengelolaan atas jembatan
         Pasar Pagi – ITC Mangga Dua kepada
         Pemerintah Daerah Jakarta, dan para pihak
         telah memenuhi seluruh kewajibannya
         serta telah melakukan perhitungan dan
         pembagian keuntungan atau kerugian.

         Hak dan kewajiban para pihak dalam                              The rights and obligations of the parties in
         kerjasama ini adalah sebagai berikut:                           the joint operations agreement follows:

         •    Melakukan       penyetoran      dengan                     •   Pay the agreed amount on the agreed
              jumlah dan jangka waktu yang telah                             date;
              ditetapkan;
         •    Mengurus perijinan, pembangunan,                           •   Handle the retribution, construction,
              pemasaran serta pengelolaan proyek;                            marketing and project management;
              dan                                                            and
         •    Distribusi hasil pendapatan sesuai                         •   Distribute   income      based     on
              prioritas yang telah ditentukan.                               pre-determined priority.

    h.   Pada tanggal 23 Mei 2002, Perusahaan                       h.   On May 23, 2002, the Company entered
         telah mengadakan perjanjian kerjasama                           into an agreement with PT Matra
         dengan PT Matra Olahcipta (MOC),                                Olahcipta (MOC), based on Agreement
         sebagaimana yang tercantum dalam Surat                          No. 65 of Buntario Tigris Darmawa Ng,
         Perjanjian Kerjasama No. 65 dari Buntario                       S.H., S.E., a public notary in Jakarta. The
         Tigris Darmawa Ng, S.H., S.E., notaris di                       purpose of the agreement is to build a
         Jakarta. Kerjasama tersebut meliputi                            shopping center, with or without residential
         pembangunan pusat perdagangan dengan                            areas, and other facilities on MOC’s land,
         atau tanpa hunian berikut dengan fasilitas                      with total area of about 37,060 square
         prasarana ataupun sarana-sarana lainnya                         meters, located in Jalan Arteri Permata
         diatas tanah milik MOC seluas ±37.060 m2                        Hijau, South Jakarta. The Company will
         yang terletak di Jalan Arteri Permata Hijau,                    fund the project and will do marketing and
         Jakarta    Selatan.    Perusahaan      akan                     sales of the project to other parties. The
         membiayai pembangunan proyek tersebut                           Company’s share in this joint operations
         dan memasarkan serta menjualnya kepada                          agreement is 50%.
         pihak lain. Bagian partisipasi Perusahaan
         pada kerjasama ini adalah sebesar 50%.

         Dalam melaksanakan kerjasama ini, kedua                         The Company and the other stockholders
         belah pihak sepakat dan setuju bahwa                            of MOC agreed that project management
         manajemen proyek pembangunan akan                               will be performed jointly by both parties
         dilakukan secara bersama-sama dan untuk                         through establishment of a project
         itu kedua belah pihak setuju membentuk                          committee consisting of representatives
         badan pelaksana proyek pembangunan                              from both parties.
         yang pengurusnya merupakan perwakilan
         dari masing-masing pihak.




                                                        - 98 -
Page 347
PT DUTA PERTIWI Tbk DAN ENTITAS ANAK                             PT DUTA PERTIWI Tbk AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                         Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                            For the Years Ended
31 Desember 2023 dan 2022                                                          December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                          (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                              unless Otherwise Stated)

         Hak dan kewajiban para pihak dalam                              The rights and obligations of the parties in
         kerjasama ini adalah sebagai berikut:                           the joint operations agreement follows:

         •    Menyediakan aset berupa tanah;                             •   Provide the land;
         •    Melaksanakan proyek pembangunan                            •   Develop the project on scheduled
              sesuai dengan jadwal pelaksanaan                               date; and
              proyek; dan
         •    Distribusi hasil pendapatan sesuai                         •   Distribute income based on         pre-
              prioritas yang telah ditentukan.                               determined priority.

    i.   Pada    tanggal    1    November      2004,                i.   On November 1, 2004, PT Saranapapan
         PT Saranapapan Ekasejati, entitas anak,                         Ekasejati, a subsidiary, signed another
         menandatangani      perjanjian   kerjasama                      agreement with PT Fun World Prima
         pemakaian lokasi arena fantasi dan Little                       (FWP) for using the Arena Fantasi and
         Venice Kota Bunga – Puncak dengan                               Little Venice which are located at Kota
         PT Fun World Prima (FWP), dimana FWP                            Bunga – Puncak.          Based on the
         wajib membayar sejumlah biaya secara                            agreement, FWP has an obligation to pay
         bertahap.   Perjanjian     tersebut    telah                    certain amount for using the place,
         beberapa kali diperpanjang terakhir sampai                      building and facilities for the period
         dengan 31 Desember 2026.                                        covered in the agreement, with the
                                                                         installment payment. This agreement has
                                                                         been extended several times, the latest
                                                                         extension is until December 31, 2026.

    j.   Pada tanggal 28 Mei 2018, PT Duta                          j.   On May 28, 2018, PT Duta Semesta Mas
         Semesta Mas (DSM), entitas anak,                                (DSM), a subsidiary, signed an agreement
         menandatangani perjanjian dengan Keikyu                         with Keikyu Corporation (KC) and
         Corporation (KC) dan PT JCREAL                                  PT JCREAL (JCREAL) to develop project
         (JCREAL)       dengan     tujuan    untuk                       Southgate Apartment. Based on Deed of
         mengembangkan        proyek    Apartemen                        Establishment of PT Keiyu Itomas
         Southgate. Berdasarkan Akta Pendirian                           Indonesia (KII) No. 20 dated June 29,
         PT Keikyu Itomas Indonesia (KII) No. 20                         2018 of Mina Ng, S.H., a public notary in
         tanggal 29 Juni 2018 dari Mina Ng, S.H.,                        Jakarta, DSM, KC and JCREAL
         notaris di Jakarta, DSM, KC dan JCREAL                          established KII. DSM’s interest in KII is
         mendirikan KII. Bagian kepemilikan DSM                          10%.
         pada KII adalah sebesar 10%.

    k.   Pada tanggal 23 November 2018,                             k.   On November 23, 2018, PT Mekanusa
         PT Mekanusa Cipta (MNC), entitas anak,                          Cipta (MNC), a subsidiary, signed a joint
         menandatangani      perjanjian   kerjasama                      venture agreement with PT Inti Gemilang
         dengan PT Inti Gemilang Bangun Perkasa                          Bangun Perkasa (IGBP) to develop real
         (IGBP)      dengan        tujuan       untuk                    estate project in Cibubur, West Java.
         mengembangkan proyek real estat di                              Based on Deed of Establishment of
         Cibubur, Jawa Barat. Berdasarkan Akta                           PT Sahabat Kota Wisata (SKW) No. 30
         Pendirian PT Sahabat Kota Wisata (SKW)                          dated November 30, 2018 of Amelia
         No. 30 tanggal 30 November 2018 dari                            Jonatan S.H., M.Kn., a substitute notary of
         Amelia Jonatan, S.H., M.Kn., notaris                            Ira Sudjono S.H., M.Hum., M.Kn., MM.,
         pengganti dari Ira Sudjono S.H., M. Hum.,                       M.Si., a public notary in Jakarta, MNC and
         M.Kn., MM., M.Si., notaris di Jakarta, MNC                      IGBP established SKW. MNC’s interest in
         dan IGBP mendirikan SKW. Bagian                                 SKW is 40%.
         kepemilikan MNC pada SKW adalah
         sebesar 40%.

    l.   Pada     tanggal     27    Agustus     2019,               l.   On August 27, 2019, the Company signed
         Perusahaan menandatangani perjanjian                            a    joint   venture    agreement       with
         kerjasama dengan PT MC Urban                                    PT MC Urban Development Indonesia
         Development         Indonesia        (dahulu                    (formerly PT Diamond Development
         PT Diamond Development Indonesia) (DDI)                         Indonesia) (DDI) to develop real estate
         dengan tujuan untuk mengembangkan                               project in Jakarta. Based on Deed of
         proyek real estat di Jakarta. Berdasarkan                       Establishment of PT Duti Diamond
         Akta    Pendirian     PT    Duti    Diamond                     Development (DDD) No. 122 dated
         Development (DDD) No. 122 tanggal 20                            September 20, 2019 of Jose Dima Satria,
         September 2019 dari Jose Dima Satria,                           S.H., M.Kn., a public notary in Jakarta, the
         S.H., M.Kn., notaris di Jakarta, Perusahaan                     Company and DDI established DDD. The
         dan DDI mendirikan DDD. Bagian                                  Company’s interest in DDD is 30%.
         kepemilikan Perusahaan pada DDD adalah
         sebesar 30%.


                                                        - 99 -
Page 348
PT DUTA PERTIWI Tbk DAN ENTITAS ANAK                             PT DUTA PERTIWI Tbk AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                         Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                            For the Years Ended
31 Desember 2023 dan 2022                                                          December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                          (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                              unless Otherwise Stated)


      m. Pada tanggal 29 Agustus 2019, PT Putra                       m. On August 29, 2019, PT Putra Alvita
         Alvita Pratama (PAP), entitas anak,                             Pratama (PAP), a subsidiary, signed
         menandatangani      perjanjian   kerjasama                      a joint venture agreement with IGBP to
         dengan IGBP dengan tujuan untuk                                 develop real estate project in Grand
         mengembangkan proyek real estat di                              Wisata, Bekasi. Based on Deed of
         Grand Wisata, Bekasi. Berdasarkan Akta                          Establishment of PT Sahabat Duta Wisata
         Pendirian PT Sahabat Duta Wisata (SDW)                          (SDW) No. 51 dated August 29, 2019 of
         No. 51 tanggal 29 Agustus 2019 dari                             Amelia Jonatan, S.H., M.Kn., a substitute
         Amelia Jonatan, S.H., M.Kn., notaris                            notary of Ira Sudjono, S.H., M.Hum.,
         pengganti dari Ira Sudjono, S.H., M.Hum.,                       M.Kn., MM., M.Si., a public notary in
         M.Kn., MM., M.Si., notaris di Jakarta, PAP                      Jakarta, PAP and IGBP established SDW.
         dan IGBP mendirikan SDW. Bagian                                 PAP’s interest in SDW is 40%.
         kepemilikan PAP pada SDW adalah
         sebesar 40%.

      Perjanjian Sewa Jangka Panjang                                  Long–term Lease Agreements

      n.   Pada tanggal 7 April 1997, Perusahaan,                     n.   On April 7, 1997, the Company, as lessor,
           sebagai      pesewa,      menandatangani                        entered into a lease agreement with
           perjanjian sewa dengan PT Trans Retail                          PT Trans Retail Indonesia (TRI) with lease
           Indonesia (TRI) untuk jangka waktu tiga                         period for thirty (30) years. On April 2023,
           puluh (30) tahun. Pada April 2023,                              the Company and TRI agreed to terminate
           Perusahaan dan TRI setuju untuk                                 the lease agreement.
           mengakhiri perjanjian sewa tersebut.

      o.   Pada tanggal 15 April 2002, PT Perwita                     o.   On April 15, 2002, PT Perwita Margasakti,
           Margasakti, entitas anak, menandatangani                        a subsidiary, entered into a lease
           perjanjian sewa, sebagai pesewa, dengan                         agreement, as lessor, with TRI for a
           TRI untuk jangka waktu dua puluh (20)                           period of twenty (20) years effective from
           tahun, yang dimulai sejak 1 Juni 2003.                          June 1, 2003. The lease agreement is not
           Perjanjian sewa tidak diperpanjang sejak                        extended upon the expiration date.
           masa berakhirnya.


46.   Perkara Hukum dan Kewajiban Bersyarat                     46.   Legal Matters and Contingencies

      a.   Perusahaan menghadapi enam (6) gugatan                     a.   The Company is a party to six (6) lawsuits
           oleh pihak ketiga, mengenai sertifikat HGB.                     in    connection     with   the     Building
           Perusahaan telah memenangkan seluruh                            Use Rights Certificate. The Company
           perkara tersebut ditingkat banding di                           has won all the cases in the High Court of
           Pengadilan Tinggi DKI Jakarta dengan                            DKI Jakarta dated March 16, 2009,
           putusan    tanggal    16   Maret       2009,                    September 14, 2009, September 15,
           14 September 2009, 15 September 2009,                           2009, March 9, 2010, August 9, 2010 and
           9 Maret 2010, 9 Agustus 2010 dan                                May 11, 2012. Six (6) cases have been
           11 Mei 2012. Di tingkat kasasi, enam (6)                        decided in favor of the Company based on
           perkara     telah    dimenangkan        oleh                    Supreme        Court     decision      dated
           Perusahaan dengan putusan tanggal                               September 7, 2010, April 26, 2011,
           7 September 2010, 26 April 2011,                                October 20, 2011, November 8, 2011,
           20 Oktober 2011, 8 November 2011,                               August 14, 2012 and October 21, 2014.
           14 Agustus 2012 dan 21 Oktober 2014.                            As of date of completion of the
           Sampai dengan tanggal penyelesaian                              consolidated financial statements, three
           laporan keuangan konsolidasian, tiga (3)                        (3) cases in the Supreme Court of
           perkara di tingkat Mahkamah Agung                               Republic of Indonesia were settled dated
           Republik Indonesia (MARI) telah diputus                         October 10, 2013, May 28, 2015 and
           pada tanggal 10 Oktober 2013, 28 Mei                            September 1, 2016 and have been
           2015 dan 1 September 2016 yang                                  decided in favor of the Company and
           dimenangkan oleh Perusahaan dan tiga (3)                        three (3) cases have not been announced
           perkara belum ada pemberitahuan apakah                          whether or not the third parties will appeal
           pihak ketiga akan mengajukan peninjauan                         for re-evaluation.
           kembali.



                                                      - 100 -
Page 349
PT DUTA PERTIWI Tbk DAN ENTITAS ANAK                              PT DUTA PERTIWI Tbk AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                          Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                             For the Years Ended
31 Desember 2023 dan 2022                                                           December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                           (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                               unless Otherwise Stated)


      b.   Perusahaan menghadapi delapan (8)                           b.   The Company is a party in eight (8)
           perkara mengenai HGB. Perusahaan telah                           lawsuits in connection with the Building
           memenangkan perkara tersebut dengan                              Use Rights Certificate. The Company has
           putusan tanggal 8 Mei 2012 (1 perkara),                          won those cases dated May 8, 2012
           29 Maret 2012 (1 perkara), 7 Juni 2012                           (1 case), March 29, 2012 (1 case), June 7,
           (5 perkara) dan 18 Juni 2013 (1 perkara).                        2012 (5 cases) and June 18, 2013
           Pihak penggugat dari seluruh perkara                             (1 case). The plaintiff of all those lawsuits
           tersebut mengajukan banding dan sudah                            filed for appeal and were settled in appeal
           diputus pada tanggal 2 April 2013, 25 April                      process on April 2, 2013, April 25, 2013,
           2013, 3 Juli 2013, 17 September 2013,                            July 3, 2013, September 17, 2013,
           2 Oktober 2013, 18 Maret 2014, 12 Juni                           October 2, 2013, March 18, 2014,
           2014 dan 5 Februari 2015 dimenangkan                             June 12, 2014 and February 5, 2015 and
           oleh Perusahaan. Dari delapan (8) perkara                        had been decided in favor of the
           banding yang telah putus, tujuh (7) perkara                      Company. Whereas, those eight (8) cases
           naik ke tingkat kasasi dan satu (1) perkara                      were settled, seven (7) cases enters
           sudah memiliki kekuatan hukum yang tetap,                        appeal process and one (1) case has
           karena pihak ketiga tidak melakukan upaya                        already binding legal force, because the
           hukum kasasi ke MARI. Pada perkara di                            third party does not do cassation to the
           tingkat kasasi sudah diputus tujuh (7)                           Supreme Court of Repulic of Indonesia. In
           perkara     oleh    MARI     pada     tanggal                    Supreme Court, seven (7) cases were
           27 November 2014, 2 Desember 2014,                               settled by the Supreme Court of Republic
           21 April 2015, 8 Juli 2015, 10 Juli 2015,                        of Indonesia dated November 27, 2014,
           27 Januari 2016 dan 9 Juni 2016 yang                             December 2, 2014, April 21, 2015, July 8,
           dimenangkan oleh Perusahaan. Dari tujuh                          2015, July 10, 2015, January 27, 2016
           (7) perkara ditingkat kasasi tersebut,                           and June 9, 2016 and have been decided
           terdapat tiga (3) perkara telah diputus pada                     in favor of the Company. From that seven
           tanggal 19 Oktober 2017, 8 Mei 2018 dan                          (7) cases at the cassation level, three (3)
           24 Mei 2018 yang dimenangkan oleh                                cases were settled on October 19, 2017,
           Perusahaan.                                                      May 8, 2018 and May 24, 2018 and has
                                                                            been decided in favor of the Company.

      Manajemen      Grup   berkeyakinan        bahwa                  Management believes that the eventual
      kewajiban yang mungkin timbul atas gugatan                       liabilities under these lawsuits or claims, if any,
      hukum atau tuntutan dari pihak ketiga, jika ada,                 will not have a material adverse effect on the
      tidak akan menimbulkan kerugian yang material                    Group’s future financial position and operating
      pada posisi keuangan dan hasil operasi Grup di                   results.
      masa yang akan datang.


47.   Informasi Segmen                                           47.   Segment Information

      Informasi Segmen Operasi                                         Operating Segment Information

      Grup dikelola dan dikelompokkan dalam divisi                     The Group’s operating segment information is
      usaha yang terdiri dari real estat, properti dan                 presented based on their business activities,
      hotel.                                                           namely, real estate, property and hotel.




                                                       - 101 -
Page 350
PT DUTA PERTIWI Tbk DAN ENTITAS ANAK                                                        PT DUTA PERTIWI Tbk AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                                    Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                                       For the Years Ended
31 Desember 2023 dan 2022                                                                                     December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                                                     (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                                         unless Otherwise Stated)


    Informasi bentuk segmen operasi yang berupa                                                  The Group’s operating segment information
    segmen usaha Grup adalah sebagai berikut:                                                    are presented below:
                                                                                    2023
                                           Real Estat/            Properti/                    Hotel/               Konsolidasian/
                                           Real Estate            Property                     Hotel                Consolidated

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

    Pendapatan                                                                                                                          Revenues
     Pihak eksternal                     3.470.179.451.141      392.244.704.548                              -     3.862.424.155.689     Revenues from external parties

    Hasil segmen                                                                                                                        Segment results
     Laba kotor segmen                   1.983.502.592.395      332.057.106.907                              -     2.315.559.699.302     Segment gross profit

    Laba (rugi) usaha                    1.036.740.879.084      161.312.339.118              (5.592.040.066)       1.192.461.178.136    Profit (loss) from operations
    Ekuitas pada rugi bersih dari
      investasi dalam saham                (10.059.718.094)                         -        16.660.345.616            6.600.627.522    Share in net loss of investees
    Penghasilan (beban) lain-lain -
      bersih                                73.763.640.929       11.442.049.652               3.220.332.310           88.426.022.891    Other income (expenses) - net

    Laba sebelum pajak                   1.100.444.801.919      172.754.388.770              14.288.637.860        1.287.487.828.549    Profit before tax
    Beban pajak                              1.955.362.772          271.080.920                           -            2.226.443.692    Tax expense
    Laba bersih                          1.098.489.439.147      172.483.307.850              14.288.637.860        1.285.261.384.857    Net profit

    Laporan Posisi Keuangan                                                                                                             Consolidated Statement of Financial
      Konsolidasian                                                                                                                      Position

    Aset segmen (tidak termasuk                                                                                                         Segment Assets (exclude
      Pajak Dibayar Dimuka)             13.250.861.616.532    1.377.213.447.037            166.300.895.488        14.794.375.959.057     Prepaid Taxes)

    Liabilitas segmen (tidak termasuk                                                                                                   Segment Liabilities (exclude
      Utang Pajak)                       3.343.944.957.312      294.345.270.214               6.737.306.025        3.645.027.533.551     Taxes Payable)

    Informasi Lainnya                                                                                                                   Other Information
      Beban penyusutan                      67.614.930.303       62.245.481.524                661.383.584           130.521.795.411      Depreciation



                                                                                2022
                                           Real Estat/            Properti/                   Hotel/               Konsolidasian/
                                           Real Estate            Property                    Hotel                Consolidated

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

    Pendapatan                                                                                                                         Revenues
     Pihak eksternal                     2.647.204.279.015     369.881.272.856                           -        3.017.085.551.871     Revenues from external parties

    Hasil segmen                                                                                                                       Segment results
     Laba kotor segmen                   1.634.083.007.877     310.866.634.413                           -        1.944.949.642.290     Segment gross profit

    Laba (rugi) usaha                     830.980.920.647      154.635.921.399              (6.118.021.256)        979.498.820.790     Profit (loss) from operations
    Ekuitas pada rugi bersih dari
      investasi dalam saham                 (8.769.948.565)                     -           (7.624.940.909)         (16.394.889.474)   Share in net loss of investees
    Penghasilan (beban) lain-lain -
      bersih                              (120.663.828.575)      3.943.456.162               1.971.590.129         (114.748.782.284)   Other income (expenses) - net

    Laba (rugi) sebelum pajak             701.547.143.507      158.579.377.561             (11.771.372.036)        848.355.149.032     Profit (loss) before tax
    Beban pajak                             1.416.385.670          241.518.860                           -           1.657.904.530     Tax expense
    Laba (rugi) bersih                    700.130.757.837      158.337.858.701             (11.771.372.036)        846.697.244.502     Net profit (loss)

    Laporan Posisi Keuangan                                                                                                            Consolidated Statement of Financial
      Konsolidasian                                                                                                                     Position

    Aset segmen (tidak termasuk                                                                                                        Segment Assets (exclude
      Pajak Dibayar Dimuka)             13.606.954.032.429    1.489.420.155.348            145.944.166.663       15.242.318.354.440     Prepaid Taxes)

    Liabilitas segmen (tidak termasuk                                                                                                  Segment Liabilities (exclude
      Utang Pajak)                       4.341.528.627.842     276.359.108.315               4.034.392.031        4.621.922.128.188     Taxes Payable)

    Informasi Lainnya                                                                                                                  Other Information
      Beban penyusutan                     78.376.531.947       62.560.535.791               1.578.938.451         142.516.006.189       Depreciation




                                                                              - 102 -
Page 351
PT DUTA PERTIWI Tbk DAN ENTITAS ANAK                                             PT DUTA PERTIWI Tbk AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                         Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                            For the Years Ended
31 Desember 2023 dan 2022                                                                          December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                                          (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                              unless Otherwise Stated)


48.   Aset dan Liabilitas Moneter Bersih dalam                                 48.    Net Monetary Assets and Liabilities
      Mata Uang Asing                                                                 Denominated in Foreign Currency

      Tabel berikut ini mengungkapkan jumlah aset                                     The following table shows consolidated
      dan liabilitas moneter konsolidasian dalam mata                                 monetary assets and liabilities denominated in
      uang asing:                                                                     foreign currency:
                                                  2023                                       2022
                                   Mata Uang           Ekuivalen/             Mata Uang            Ekuivalen/
                                     Asing/           Equivalent in             Asing/            Equivalent in
                                   U.S.Dollar              Rp                 U.S.Dollar               Rp

      Aset                                                                                                            Assets
      Aset Lancar                                                                                                     Current Assets
         Kas dan setara kas                                                                                              Cash and cash equivalents
            Pihak berelasi              19.479             300.283.794            19.865              312.499.146           Related parties
            Pihak ketiga               123.637           1.905.996.378           121.353            1.908.996.651           Third parties
         Piutang lain-lain                                                                                               Other accounts receivable
            Pihak ketiga                    127             1.957.832                 29                   456.199          Third parties
      Jumlah Aset                      143.243           2.208.238.004           141.247            2.221.951.996     Total Assets

      Liabilitas                                                                                                      Liabilities

      Liabilitas Jangka Pendek                                                                                        Current Liabilities
         Setoran Jaminan                                                                                                 Security deposits
              Pihak berelasi        (1.896.984)       (29.243.905.344)         (1.913.842)        (30.106.648.502)          Related parties
              Pihak ketiga          (3.328.887)       (51.318.121.992)         (3.328.887)        (52.366.721.397)          Third parties

      Jumlah Liabilitas             (5.225.871)       (80.562.027.336)         (5.242.729)        (82.473.369.899)    Total Liabilities

      Liabilitas Bersih             (5.082.628)       (78.353.789.332)         (5.101.482)        (80.251.417.903)    Net Liabilities



      Pada tanggal 31 Desember 2023 dan 2022,                                         As of December 31, 2023 and 2022,
      kurs   konversi   yang  digunakan  Grup                                         conversion rates used by the Group were
      diungkapkan pada Catatan 2 atas laporan                                         disclosed in Note 2 to consolidated financial
      keuangan konsolidasian.                                                         statements.


49.   Pengungkapan Tambahan Laporan Arus Kas                                   49.    Supplemental Disclosures on Consolidated
      Konsolidasian                                                                   Statements of Cash Flows

      Aktivitas investasi dan pendanaan yang tidak                                    The following are the noncash investing and
      mempengaruhi kas dan setara kas:                                                financing activities of the Group:

                                                               2023                        2022

      Realisasi uang muka dividen dari entitas                                                                Realization of advance payment
       anak yang menjadi bagian kepentingan                                                                    of subsidiaries to non-controlling
       nonpengendali (Catatan 33)                           38.848.592.250                             -       interest (Note 33)

                                                                                                              Liabilities arising from acquisition of
      Utang penambahan aset tetap (Catatan 14)                 844.616.500                 182.500.320          property and equipment (Note 14)

      Utang penambahan properti investasi                                                                     Liabilities arising from acquisition of
        (Catatan 16)                                           684.153.275                   22.000.000         investment properties (Note 16)

      Dividen yang masih harus dibayar (Catatan 32)                       -                350.743.800        Dividends payable (Note 32)




                                                                      - 103 -
Page 352
PT DUTA PERTIWI Tbk DAN ENTITAS ANAK                                                PT DUTA PERTIWI Tbk AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                            Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                               For the Years Ended
31 Desember 2023 dan 2022                                                                             December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                                             (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                                                 unless Otherwise Stated)


50.   Rekonsiliasi Liabilitas Konsolidasian yang                                 50.     Reconciliation of Consolidated Liabilities
      Timbul dari Aktivitas Pendanaan                                                    Arising from Financing Activities

      Tabel berikut menjelaskan perubahan pada                                           The table below details changes in the Group’s
      liabilitas Grup yang timbul dari aktivitas                                         liabilities arising from financing activities,
      pendanaan, yang meliputi perubahan terkait kas                                     including both cash and non-cash changes:
      dan nonkas:

                                                                                       Perubahan Nonkas/
                                                                                       Non-cash changes
                                    1 Januari/                             Pergerakan valuta                          31 December/
                                    January 1,          Arus kas/            asing/Changes       Perubahan lainnya/   December 31,
                                      2023              Cash flow         in foreign exchange      Other changes          2023

      Liabilitas sewa               4.589.963.975      (2.362.580.000)                     -           254.629.742     2.482.013.717   Lease liabilities



                                                                                       Perubahan Nonkas/
                                                                                       Non-cash changes
                                    1 Januari/                             Pergerakan valuta                          31 December/
                                    January 1,         Arus kas/             asing/Changes       Perubahan lainnya/   December 31,
                                      2022             Cash flow          in foreign exchange      Other changes          2022

      Liabilitas sewa               3.026.652.403      (2.768.970.000)                     -         4.332.281.572     4.589.963.975   Lease liabilities
      Utang bank jangka panjang   161.155.026.110    (161.155.026.110)                     -                     -                 -   Long-term bank loan

      Jumlah liabilitas dari                                                                                                           Total liabilities from
         aktivitas pendanaan      164.181.678.513    (163.923.996.110)                     -         4.332.281.572     4.589.963.975     financing activities




51.   Standar Akuntansi Keuangan Baru                                            51.     New Financial Accounting Standards

      Perubahan Pernyataan                 Standar      Akuntansi                        Changes to the Statements of Financial
      Keuangan (PSAK)                                                                    Accounting Standards (PSAK)

      Diterapkan pada tahun 2023                                                         Adopted during 2023

      Penerapan standar akuntansi keuangan revisi                                        The application of the following revised
      berikut, yang berlaku efektif 1 Januari 2023,                                      financial accounting standards, which are
      relevan bagi Grup namun tidak menyebabkan                                          effective from January 1, 2023 and relevant for
      perubahan material terhadap jumlah-jumlah                                          the Group, and had no material effect on the
      yang dilaporkan dalam laporan keuangan                                             amounts reported in the consolidated financial
      konsolidasian:                                                                     statements:

      −    Amandemen PSAK No. 1, “Penyajian                                              − Amendment to PSAK No. 1, “Presentation
           Laporan Keuangan” tentang Pengungkapan                                          of    Financial   Statements”    regarding
           Kebijakan Akuntansi yang Mengubah Istilah                                       Disclosure of Accounting Policies that
           “Signifikan” menjadi “Material” dan Memberi                                     Change the Term “Significant” to “Material”
           Penjelasan mengenai Kebijakan Akuntansi                                         and Provide Explanations of Material
           Material                                                                        Accounting Policies

      −    Amandemen PSAK No. 16, Aset Tetap:                                            − Amendments to PSAK No. 16, Property,
           Hasil     sebelum Penggunaan yang                                               Plant and Equipment: Proceeds before
           Diintensikan                                                                    Intended Use

      −    Amandemen PSAK No. 25, Kebijakan                                              − Amendments to PSAK No. 25, Accounting
           Akuntansi, Perubahan Estimasi Akuntansi                                         Policies, Changes in Accounting Estimates
           dan Kesalahan: Definisi Estimasi Akuntansi                                      and Erros: Definition of Accounting
                                                                                           Estimates

      −    Amandemen       PSAK   No.   46,    Pajak                                     − Amendments to PSAK No. 46, Income
           Penghasilan: Pajak Tangguhan terkait Aset                                       Taxes: Deferred Tax related to Assets and
           dan Liabilitas yang Timbul dari Transaksi                                       Liabilities Arising from a Single Transaction
           Tunggal




                                                                         - 104 -
Page 353
PT DUTA PERTIWI Tbk DAN ENTITAS ANAK                           PT DUTA PERTIWI Tbk AND ITS SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                       Notes to Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                          For the Years Ended
31 Desember 2023 dan 2022                                                        December 31, 2023 and 2022
(Angka-angka Disajikan dalam Rupiah,                                        (Figures are Presented in Rupiah,
kecuali Dinyatakan Lain)                                                            unless Otherwise Stated)


    −   Amandemen PSAK No. 107, “Akuntansi                        − Amendment to PSAK No. 107, “Ijarah
        Ijarah”                                                     Accounting”

    Telah diterbitkan namun belum berlaku efektif                 Issued but not yet effective

    Amandemen standar akuntansi keuangan yang                     Amendments to financial accounting standard
    telah diterbitkan yang bersifat wajib untuk tahun             issued that are mandatory for the financial year
    buku yang dimulai pada atau setelah:                          beginning or after:

    1 Januari 2024                                                January 1, 2024

    −   Amandemen PSAK No. 1, “Penyajian                          − Amendment to PSAK No. 1, “Presentation
        Laporan Keuangan” terkait Liabilitas Jangka                 of Financial Statements” regarding Long-
        Panjang dengan Kovenan                                      term Liabilities with the Covenant

    −   Amendemen PSAK No. 1, Penyajian                           − Amendment to PSAK No. 1, Presentation
        Laporan Keuangan tentang Klasifikasi                        of Financial Statements - Classification of
        Liabilitas sebagai Jangka Pendek atau                       Liabilities as Current or Non-Current
        Jangka Panjang

    −   Amandemen PSAK No. 73, “Sewa” terkait                     − Amendment to PSAK No. 73, “Leases”
        Liabilitas Sewa pada Transaksi Jual dan                     regarding Lease Liabilities in Sale-and-
        Sewa-balik                                                  lease Back Transaction

    1 Januari 2025                                               January 1, 2025

    −   PSAK No. 74, “Kontrak Asuransi”                          − PSAK No. 74, “Insurance Contract”

    −   Amandemen PSAK No. 74, “Kontrak                          − Amendment to PSAK No. 74, “Insurance
        Asuransi” terkait Penerapan Awal PSAK No.                  Contract” regarding Initial Application of
        74 dan PSAK No. 71 – Informasi Komparatif                  PSAK No. 74 and PSAK No. 71 –
                                                                   Comparative Information

    Sampai dengan tanggal penyelesaian laporan                   As at the date of completion of these
    keuangan     konsolidasian,  Grup     masih                  consolidated financial statements, the Group is
    mempelajari dampak yang mungkin timbul dari                  still evaluating the potential impact of the above
    penerapan amandemen PSAK tersebut dan                        amendments to PSAKs and has not yet
    dampak dari penerapan amandemen PSAK                         determined the related effects on the
    tersebut pada laporan keuangan konsolidasian                 consolidated financial statements.
    belum dapat ditentukan.

    Mulai tanggal 1 Januari 2024, referensi                      Beginning January 1, 2024, references to the
    terhadap masing-masing PSAK dan ISAK                         individual PSAK and ISAK will be changed as
    akan diubah sebagaimana diumumkan oleh                       published by DSAK-IAI.
    DSAK-IAI.



                                                    ********




                                                    - 105 -
Page 354
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Names mentioned 216 people and organisations named in the text · linked when the evidence is strong

linked org Duta Pertiwi Tbk · Company Name p.2 ×503
linked org Sinar Mas p.20 ×25
linked org Bumi Serpong Damai Tbk p.30 ×77
linked org PT Bumi Serpong p.33 ×7
linked org Kawan Lama p.46 ×2
linked person Teddy Pawitra · Wakil Komisaris Utama p.47 ×7
linked person Susiyati Bambang Hirawan p.47 ×9
linked person Rusli Prakarsa p.47 ×3
linked org Puradelta Lestari Tbk p.50 ×23
linked org Bank Central Asia Tbk p.53 ×5
linked org Sinar Mas Multiartha Tbk p.56 ×5
linked org Dian Swastatika Sentosa Tbk p.56 ×11
linked org Pabrik Kertas Tjiwi Kimia Tbk p.56 ×8
linked org Sinarmas Land Ltd. p.56 ×11
linked org Dana Pensiun p.68
linked org PT Sinar Mas Tunggal p.69
linked org SCB SG S/A Bank J. p.69
linked org PT Kurniasubur Permai p.71 ×3
possible org Bursa Efek Indonesia p.9 ×2
possible org Otoritas Jasa Keuangan p.9 ×2
possible person MUKTAR WIDJAJA · Komisaris Utama p.27 ×9
possible org PT Paraga Artamida p.57 ×7
possible org PT ASABRI p.61 ×2
possible — Ali Umar p.70
possible — Propertindo p.72
possible person Prof. DR. Satrio p.76
possible person Syarifudin · Notaris p.79
unresolved org Produk-produk p.6
unresolved person Akuntan · Komisaris p.7
unresolved org PT Duta p.8 ×2
unresolved org Pertiwi Tbk. p.8
unresolved org PT Sinartama Gunita BI p.9
unresolved org Bank Indonesia p.9
unresolved org Koordinasi Penanaman Modal p.9
unresolved org Pusat Statistik p.9
unresolved org Indonesia Stock Exchange p.9 ×3
unresolved org Financial Services Authority p.9 ×2
unresolved org Shareholders Tbk p.9
unresolved person Notary Mohamad Said Tadjoedin p.31 ×2
unresolved org Menteri Kehakiman RI p.31
unresolved org Minister of Justice of RI p.31
unresolved person Notary · Notaris p.31
unresolved org Menteri Hukum dan Hak Asasi Manusia RI p.31
unresolved org Damai Tbk p.33 ×4
unresolved org Rooms Inc. p.38 ×11
unresolved person Susan · Direktur Utama p.47
unresolved person Hongky J. Nantung · Member p.47
unresolved person M. Reza Abdulmajid · Member p.47
unresolved org Perini Corp. p.50 ×2
unresolved org John R. Hundley Inc. p.50
unresolved — Lie Jani · Direktur p.51
unresolved person Deputy · Direktur p.52
unresolved org PT Excelcomindo Pratama p.52 ×2
unresolved org PT Sinar Mas Agro Resources p.56 ×8
unresolved org Technology Tbk p.56 ×11
unresolved org Utama Golden Agri Resources Ltd p.56
unresolved org Golden Agri Resources Ltd p.56
unresolved org PT Indah Kiat Pulp p.56 ×4
unresolved org Paper Tbk p.56 ×4
unresolved org AFP Properties Ltd. p.56 ×2
unresolved org Executive Officer Sinarmas Land Ltd. p.56
unresolved org Served Since Properties Ltd. p.56
unresolved org PT Putra Satria Prima p.57
unresolved org PT Indulexco p.57 ×2
unresolved org PT Sinar Mas Agro p.59 ×2
unresolved org PT Pabrik Kertas Tjiwi p.59
unresolved org Bank Internasional Indonesia p.59
unresolved org PT Swadayanusa Kencana Raharja p.59 ×2
unresolved org Bank International Indonesia p.59
unresolved org PT Star Engines Indonesia p.59 ×2
unresolved org PT Lima Satrya Nirwana p.59 ×2
unresolved org PT German Motors Manufacturing p.59
unresolved org PT German Motors Manufacturing Teddy · Komisaris Independen p.59
unresolved org PT Star Motors Indonesia p.59 ×2
unresolved org PT Gading Mas Surabaya p.59 ×2
unresolved person Drs. Utomo p.59 ×2
unresolved org PT Sinar Mas Agro Resources Chairwoman p.61
unresolved org PT Rekayasa Industri p.61 ×2
unresolved org PT Pupuk Sriwijaya p.61 ×2
unresolved — Susiyati · Komisaris Independen p.61
unresolved org Departemen Keuangan Republik Indonesia Head of Regional Financial Analysis Bureau p.61
unresolved org PT Ekacentra p.69 ×2
unresolved org Limited Liability Company Institusi Asing Eurotrade Developments Limited p.69
unresolved org Foreign Institution Institusi Asing Morning Bright Investments Limited p.69
unresolved org Reksa Dana Panin Dana Maksima - p.69
unresolved org SCB SG S/A Bank J.Safra Sarasin Ltd., p.69
unresolved org Safra Sarasin Ltd. p.69
unresolved org Koperasi Koperasi Unit Desa Lubuk Alung III p.70
unresolved org PT Infiniti Securities p.70
unresolved org Appointed Controller COMPANY’S BUSINESS Sinarmas Land Limited p.71
unresolved org PT Duti Diamond Development p.71 ×3
unresolved org PT Kembangan Permai Development p.71 ×2
unresolved org PT Mitrakarya Multiguna Shopping Mall p.71
unresolved org PT Mustika Karya Sejati Office Building p.71
unresolved org PT Itomas Kembangan Perdana p.71
unresolved org PT Pangeran Plaza Utama Kota Bunga p.71
unresolved org PT Anekagriya Buminusa p.71 ×2
unresolved org PT Saranapapan Ekasejati p.71 ×3
unresolved org PT Kanaka Grahaasri p.71 ×2
unresolved org PT Perwita Margasakti p.71 ×2
unresolved org PT Mekanusa Cipta Apartment p.71
unresolved org PT Phinisindo Zamrud Nusantara p.71 ×2
unresolved org PT Prima Sehati p.71 ×2
unresolved org PT Prestasi Mahkota Utama Kota Wisata p.71
unresolved org PT Putra Prabukarya p.71 ×2
unresolved org PT Putra Alvita Pratama Kota Wisata p.71
unresolved org PT Putra Tirta Wisata Badan Kerjasama Pasar Pagi p.71
unresolved org Kerjasama Pasar Pagi p.71 ×2
unresolved org PT Citraagung Tirtajatim p.71
unresolved org PT Panca Lambang Cipta p.71 ×2
unresolved org PT Sahabat Duta Wisata p.71
unresolved org PT Duta Karya Propertindo p.71 ×2
unresolved org PT Royal Oriental Sinar Mas Land Jakarta Tower p.71
unresolved org PT Duta Semesta Mas p.71
unresolved org PT Sahabat Kota Wisata p.71 ×4
unresolved org PT Keikyu Itomas Indonesia p.71
unresolved org PT Sinarwijaya Ekapratista p.71
unresolved org PT Sinarwisata Lestari p.71 ×2
unresolved org PT Matra Olah Cipta p.71
unresolved org PT Sinarwisata Permai p.71 ×3
unresolved org PT Misaya Properindo p.71
unresolved org PT Binamaju Mitra Sejati p.71 ×2
unresolved org PT Wijaya Pratama Raya p.71 ×6
unresolved org PT Anekagriya p.72
unresolved org PT Kanaka p.72
unresolved org PT Mekanusa p.72
unresolved org PT Prima p.72
unresolved org PT Putra p.72
unresolved org PT Duta Karya p.72
unresolved org PT Itomas p.72
unresolved — Permata Buana p.72
unresolved org PT Kembangan p.72
unresolved — Buana p.72
unresolved org PT Kurniasubur p.72
unresolved — Permai p.72
unresolved — 11 PT Misaya p.72
unresolved org PT Misaya p.72
unresolved org PT Mitrakarya p.72
unresolved — 13 PT Mustika p.72
unresolved org PT Mustika p.72
unresolved — 14 PT Pangeran p.72
unresolved org PT Pangeran p.72
unresolved org PT Saranapapan Real Estate p.72
unresolved org PT Perwita p.73
unresolved — Margasakti p.73
unresolved org PT Phinisindo p.73
unresolved org PT Prestasi p.73
unresolved org PT Putra Alvita p.73 ×2
unresolved org PT Royal p.73
unresolved org PT Sinarwijaya p.73
unresolved — Ekapratista p.73
unresolved org PT Sinarwisata p.73 ×2
unresolved org PT Wijaya p.73
unresolved org DP Mall Rooms Inc. p.73
unresolved org PT Putra Alvita Pratama p.73 ×2
unresolved org PT Putra Tirta p.73
unresolved org PT Panca p.73
unresolved org PT Bumi Paramudita Mas p.74 ×2
unresolved org PT Citraagung p.74
unresolved org PT Matra p.74
unresolved org PT Keikyu p.74
unresolved — Apartment p.74
unresolved org PT Sahabat p.74 ×3
unresolved org PT Duti p.74
unresolved org PT Mekanusa Cipta Kantor Cabang p.75
unresolved org PT Binamaju Mitra Sejati Kec. Dukuh Pakis p.75
unresolved org PT Citraagung Tirta Jatim p.75
unresolved org PT Duti Diamond Development Cipete Utara p.75
unresolved org PT Duta Semesta Mas Jagakarsa p.75
unresolved org PT Itomas Kembangan Perdana Kecamatan Kembangan p.75
unresolved org PT Keikyu Itomas Indonesia Kecamatan Jagakarsa p.76
unresolved org PT Matra Olahcipta p.76
unresolved org PT Misaya Properindo Kantor Cabang p.76
unresolved org PT Mitrakarya Multiguna Surabaya p.76
unresolved org PT Mustika Karya Sejati p.76
unresolved org PT Pangeran Plaza Utama p.76
unresolved org PT Prestasi Mahkota Utama p.76
unresolved org PT Putra Alvita Pratama Grand Wisata p.76
unresolved org PT Putra Tirta Wisata Sinar Mas Land Plaza p.76
unresolved org PT Royal Oriental Jakarta Pusat p.76
unresolved org PT Sahabat Duta Wisata Tambun Selatan p.76
unresolved org PT Sinarwijaya Ekapratista Kantor Cabang p.76
unresolved person KH. Hasyim Ashari Km. p.76
unresolved org Moore Global Network Global Network Limited p.78
unresolved org Leo Susanto Global Network Limited p.78 ×3
unresolved org Yelly Warsono Global Network Limited p.78 ×2
unresolved — Professionals p.79
unresolved — Tekno 7th p.79
unresolved — Fachrudin No. 19, p.79
unresolved — Tanah Abang p.79
unresolved —  www.sinartama.co.id p.79
unresolved — Stock Exchange p.79
unresolved — Sentral p.79
unresolved — akta-akta, menghadiri rapat-Ruko Lakeshop, No. 35, p.79
unresolved — Modernland, p.79
unresolved org PT Itomas Kembangan Perdana. Plaza BII p.81 ×2
unresolved — Land p.81
unresolved org Moore Global Network Moore Global Network Limited p.97
unresolved org PT Sahabat Duta Wisata. Total Noncurrent Assets Total p.100
unresolved org PT Asuransi Sinar Mas. p.102 ×2
unresolved org KJPP Rengganis p.102
unresolved org Hamid dan Rekan p.102
unresolved org Menteri Keuangan p.122
unresolved org Ministry of Finance p.122
unresolved person Franciscus p.132
unresolved person Franciscus Xaverius RD. · Wakil Komisaris Utama p.132 ×9
unresolved person Teddy p.132
unresolved person Pawitra · Komisaris Independen p.132
unresolved person Teky Mailoa · Direktur Utama p.132 ×2
unresolved person Handoko Wibowo · Direktur p.132 ×2
unresolved person Hongky Jeffry Nantung · Direktur p.132 ×4
unresolved org Kantor Akuntan Publik Mirawati Sensi Idris p.132
unresolved person Vice · Wakil Direktur Utama p.138 ×2
unresolved person Dr. John Vong Moving p.143
unresolved — Leaders Summit: Rising Star p.143

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