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Page 1
CULTIVATING SYNERGY
FOR EXCELLENCE
2023   Laporan Tahunan
       Annual Report
Page 2

          
Page 3
Analisis dan Pembahasan Manajemen    Laporan Tata Kelola Perusahaan   Tanggung Jawab Sosial Perusahaan Terintegrasi/Laporan Keberlanjutan
Management Discussion and Analysis    Corporate Governance Report         Integrated Corporate Social Responsibility/Sustainability Report




                                                CULTIVATING SYNERGY
                                                FOR EXCELLENCE
                                                Perseroan berusaha meraih pemulihan kinerja yang lebih
                                                cepat dengan menerapkan berbagai inisiatif strategis yang
                                                matang dan cermat serta diiringi langkah-langkah mitigasi
                                                yang kuat demi mempertahankan stabilitas dan memelihara
                                                keunggulannya sebagai pengembang properti terintegrasi
                                                di Indonesia. Sinergi induk Perseroan dan Unit Usaha,
                                                juga menjadi kata kunci yang memungkinkan Perseroan
                                                untuk menghasilkan berbagai inovasi sehingga dapat terus
                                                berkontribusi menuju kegiatan pembangunan properti yang
                                                berkelanjutan. Melalui jalinan sinergi yang kuat dengan
                                                mengedepankan prinsip kehati-hatian dan manajemen risiko
                                                yang ketat, maka segala potensi kekuatan yang dimiliki
                                                Perseroan dapat terakselerasi secara maksimal sehingga
                                                Perseroan dapat bergerak lebih lincah untuk menggapai
                                                pertumbuhan kinerja yang lebih baik di waktu mendatang
                                                sesuai harapan pemegang saham.

                                                The Company strives to seize faster performance recovery
                                                by implementing various mature and accurate strategic
                                                initiatives along with strong mitigation steps in order to
                                                maintain stability and sustain its excellence as an integrated
                                                property developer in Indonesia. Synergy between the
                                                parent Company and business units is also key that allows
                                                the Company to generate various innovations so as to
                                                continue contributing towards sustainable property
                                                development activities. Through strong synergy by
                                                putting forward the principles of prudence and tight
                                                risk management, thus, all of the Company’s potential
                                                strengths can be optimally accelerated allowing the
                                                Company’s movement to be more agile in reaching
                                                greater performance growth going forward in line with
                                                shareholders’ expectations.




                                                                                                2023 Annual Report Bakrieland                1
Page 4
                                                                   Kantor Akuntan Publik
                                                                                                                               50
                                                                   Public Accounting Firm


    Daftar Isi
                                                                   Lembaga Profesi Penunjang Pasar Modal
                                                                                                                               51
                                                                   Capital Market Supporting Professional Institutions
                                                                   Situs Resmi Perusahaan
                                                                                                                               52
    Table of Contents                                              Company’s Official Website




    Tema                                                      1    Laporan Manajemen
    Theme                                                          Management Report

    Kilas Kinerja                                                  Laporan Dewan Komisaris
                                                                   Report from the Board of Commissioners
                                                                                                                                56
    Performance Highlights                                         Laporan Direksi
                                                                                                                                64
                                                                   Report from the Board of Directors

    Berkelanjutan Secara Ekonomi
                                                              6
    Financially Sustainable

    Hijau Secara Menyeluruh                                        Unit Pendukung Bisnis
                                                              8
    Green Through and Through
                                                                   Business Support Unit
    Tentang Manusianya
                                                              10
    It’s About the People
                                                                   Sumber Daya Manusia
    Praktik Usaha Terbaik dan Kepatuhan                                                                                        78
                                                              12   Human Resources Development
    Adopting Best Practices and Compliance
                                                                   Teknologi Informasi
    Ikhtisar Keuangan                                                                                                          85
                                                              16   Information Technology
    Financial Highlights
                                                                   Corporate Affairs
                                                                                                                               88
    Ikhtisar Bisnis                                                Corporate Affairs
                                                              17
    Business Highlights

    Ikhtisar Saham
                                                              18
    Stock Overview

    Peristiwa Penting
                                                                   Analisis dan Pembahasan
    Event Highlights
                                                              20
                                                                   Manajemen
                                                                   Management Discussion and Analysis
    Profil Perusahaan
    Corporate Profile                                              Tinjauan Operasional
                                                                                                                               94
                                                                   Operational Review
                                                                   Tinjauan Keuangan
    Data Perusahaan                                                                                                            114
                                                              24   Financial Review
    Company Data
                                                                   Laporan Posisi Keuangan Konsolidasian
    Sejarah Perusahaan                                                                                                         114
                                                              26   Statement of Consolidated Financial Position
    Company History
                                                                   Laporan Laba Rugi Konsolidasian dan Penghasilan
    Jejak Langkah
                                                              28   Komprehensif Lain
    Milestones                                                                                                                 116
                                                                   Statement of Consolidated Profit or Loss and Other
    Visi dan Misi                                                  Comprehensive Incomes
                                                              30
    Vision and Mission
                                                                   Laporan Arus Kas Konsolidasian
    Nilai dan Budaya Perusahaan                                    Consolidated Statement of Cash Flows                        117
                                                              32
    Values and Corporate Culture
                                                                   Ikatan Material untuk Investasi Barang Modal
    Bidang Usaha                                                   Material Commitment for Investment                          120
                                                              33
    Line of Business                                               in Capital Goods
    Wilayah Operasional                                            Investasi Barang Modal yang Direalisasikan pada
                                                              34
    Areas of Operation                                             Tahun Buku Terakhir                                         120
    Struktur Perusahaan                                            Capital Goods Investment Realized in the Last Fiscal Year
                                                              36
    Company Structure                                              Informasi dan Fakta Material yang Terjadi
    Struktur Organisasi                                            Setelah Tanggal Laporan Akuntan
                                                              37                                                               120
    Organizational Structure                                       Material Information and Facts Subsequent to the
                                                                   Accountant’s Report Date
    Keanggotaan dalam Asosiasi
                                                              38   Prospek Usaha
    Membership in Associations                                                                                                 121
                                                                   Business Prospect
    Profil Dewan Komisaris
                                                              39   Perbandingan antara Target 2023,
    Board of Commissioners Profile
                                                                   Realisasi 2023 dan Proyeksi 2024
    Profil Direksi                                                                                                             122
                                                              42   Comparison between 2023 Target,
    Board of Directors Profile                                     2023 Realization and 2024 Projections
    Perubahan Komposisi Anggota Dewan                              Aspek Pemasaran
    Komisaris dan Direksi selama 2023                                                                                          123
                                                              45   Marketing Aspect
    Changes in the Composition of Members of the Board
    of Commissioners and the Board of Directors during 2023        Kebijakan Dividen
                                                                                                                               124
                                                                   Dividend Policy
    Nama Pemegang Saham Utama dan
    Pengendali dengan Persentase Kepemilikan                       Realisasi Penggunaan Dana Hasil Penawaran Umum
                                                              46                                                               124
    Name of Major and Controlling Shareholders with                Utilization of Proceeds from Public Offering
    Percentage of Ownership                                        Informasi Material mengenai Investasi, Ekspansi,
                                                                   Divestasi, Penggabungan/Peleburan Usaha, Akuisisi,
                                                                   Restrukturisasi Utang/Modal, dan Transaksi Afiliasi
                                                                                                                               124
                                                                   Material Information regarding Investments, Expansions,
                                                                   Divestments, Business Merger/Consolidation, Acquisitions,
                                                                   Debt/Capital Restructuring, and Affiliate Transactions




2   Bakrieland Laporan Tahunan 2023
Page 5
Informasi Transaksi Material yang Mengandung Benturan                   Informasi mengenai Sanksi Administrasi
Kepentingan dan/atau Transaksi dengan Pihak Afiliasi/                   dan Finansial                                              200
Pihak Berelasi                                                          Information on Administrative and Financial Sanctions
                                                                  124
Information on Material Transactions Containing Conflicts
                                                                        Program Kepemilikan Saham
of Interest and/or Transactions with Affiliated Parties/Related
                                                                        Dewan Komisaris dan Direksi
Parties                                                                                                                            200
                                                                        Shares Ownership Program of the Board of
Pernyataan Direksi atas Transaksi Afiliasi tahun 2023                   Commissioners and the Board of Directors
                                                                  127
Directors’ Statement on Affiliate Transactions in 2023
                                                                        Pemberian Kompensasi Jangka Panjang
                                                                                                                                    201
Perubahan Peraturan Perundang-Undangan                                  Provision of Long-Term Compensation
pada tahun 2023                                                   127
                                                                        Pedoman Perilaku dan Kode Etik
Changes to Legislation in 2023                                                                                                      201
                                                                        Code of Conduct and Code of Ethics
Perubahan Kebijakan Akuntansi
                                                                  127   Kebijakan Benturan Kepentingan
Change in Accounting Policy                                                                                                        202
                                                                        Policy on Conflict of Interest
                                                                        Inisiasi Anti-Gratifikasi
                                                                                                                                   203
                                                                        Anti-Gratuity Initiation
Laporan Tata Kelola                                                     Kebijakan Anti-Korupsi
                                                                                                                                   203
Perusahaan                                                              Anti-Corruption Policy
                                                                        Sistem Pelaporan Pelanggaran
Corporate Governance Report                                             Whistleblowing System (WBS)
                                                                                                                                   204



Laporan Tata Kelola Perusahaan
Report on Corporate Governance
                                                                  130   Tanggung Jawab Sosial Perusahaan
Komitmen Bakrieland
                                                                  131
                                                                        Terintegrasi/Laporan Keberlanjutan
Bakrieland’s Commitment
                                                                        Integrated Corporate Social
Penerapan Tata Kelola yang Baik untuk
Mendukung Pencapaian Tujuan Pembangunan                                 Responsibility/Sustainability Report
Berkelanjutan (TPB)                                               132
Implementation of Good Corporate Governance to Support
the Achievement of Sustainable Development Goals (SDGs)
Landasan Hukum                                                          Strategi Keberlanjutan
                                                                  133                                                              208
Legal Basis                                                             Sustainability Strategy

Prinsip-Prinsip Praktik GCG                                             Kilas Kinerja Strategi Keberlanjutan
                                                                  133                                                               210
Principles of GCG Practices                                             Performance Highlights of Sustainability Strategy

Infrastruktur Praktik GCG                                               Fokus Praktik Keberlanjutan tahun 2023
                                                                  136                                                               210
Infrastructure of GCG Practices                                         Focus of Sustainability Practices in 2023

Struktur GCG                                                            Nilai Keberlanjutan
                                                                  136                                                               211
GCG Structure                                                           Sustainability Values

Penerapan atas Pedoman Tata Kelola Perseroan Terbuka                    Tata Kelola Keberlanjutan
                                                                                                                                    212
Implementation of Governance Guidelines of                        136   Sustainability Governance
Public Companies                                                        Kinerja Keberlanjutan
                                                                                                                                    214
Rencana Peningkatan Kualitas GCG tahun 2024                             Sustainability Performance
                                                                  147
Plans for Improvement of GCG Quality in 2024                            Kinerja Ekonomi
                                                                                                                                    215
Rapat Umum Pemegang Saham                                               Economic Performance
                                                                  147
General Meeting of Shareholders                                         Kinerja Lingkungan Hidup
                                                                                                                                    215
Dewan Komisaris                                                         Environmental Performance
                                                                  154
Board of Commissioners                                                  Aspek Lingkungan Hidup
                                                                                                                                    216
Komisaris Independen                                                    Environmental Aspect
                                                                  157
Independent Commissioner                                                Kinerja Sosial
                                                                                                                                   223
Direksi                                                                 Social Performance
                                                                  159
Board of Directors                                                      Aspek Ketenagakerjaan
                                                                                                                                   224
Hubungan Afiliasi                                                       Manpower Aspect
                                                                  166
Affiliation Relationship                                                Aspek Masyarakat
                                                                                                                                   229
Komite Audit                                                            Community Aspect
                                                                  166
Audit Committee                                                         Aspek Pelanggan
                                                                                                                                   234
Laporan Komite Audit                                                    Customer Aspect
                                                                  172
Report of the Audit Committee                                           Lembar Feedback untuk Laporan
Komite Nominasi dan Remunerasi                                          Keberlanjutan tahun 2023                                   243
                                                                  174   Feedback Form for Sustainability Report 2023
Nomination and Remuneration Committee
Laporan Komite Nominasi dan Remunerasi                                  Surat Pernyataan Dewan Komisaris dan Direksi
                                                                  180   Statement from the Board of Commissioners and              244
Nomination and Remuneration Committee Report
                                                                        the Board of Directors
Komite di Bawah Direksi
                                                                  182   Referensi SEOJK Nomor 16/ SEOJK.04/2021:
Committees Under the Board of Directors
                                                                        Laporan Tahunan Emiten atau Perusahaan Publik
Sekretaris Perusahaan                                                                                                              245
                                                                  182   SEOJK No. 16/SEOJK.04/2021: Annual Report of
Corporate Secretary                                                     Public Company
Hubungan Investor                                                       Laporan Keuangan
                                                                  186                                                              266
Investor Relations                                                      Financial Statements
Unit Audit Internal
                                                                  186
Internal Audit Unit
Sistem Pengendalian Internal
                                                                  190
Internal Control System
Sistem Manajemen Risiko
                                                                  192
Risk Management System
Kasus dan Perkara Penting
Important Cases and Issues                                        200




                                                                                                           2023 Annual Report Bakrieland   3
Page 6
         Kilas Kinerja                Profil Perusahaan    Laporan Manajemen   Unit Pendukung Bisnis
    Performance Highlights             Corporate Profile   Management Report    Business Support Unit




4   Bakrieland Laporan Tahunan 2023
Page 7
Analisis dan Pembahasan Manajemen    Laporan Tata Kelola Perusahaan   Tanggung Jawab Sosial Perusahaan Terintegrasi/Laporan Keberlanjutan
Management Discussion and Analysis    Corporate Governance Report         Integrated Corporate Social Responsibility/Sustainability Report




                                Kilas Kinerja
                          Performance Highlights
                                                                                                2023 Annual Report Bakrieland                5
Page 8
         Kilas Kinerja                         Profil Perusahaan                Laporan Manajemen                         Unit Pendukung Bisnis
    Performance Highlights                      Corporate Profile               Management Report                          Business Support Unit




                      Berkelanjutan
                     Secara Ekonomi
                     Financially Sustainable


    Memberikan manfaat jangka panjang bagi para pemangku kepentingan melalui
    aktivitas operasional dan layanan dalam desain, konstruksi, dan bisnis properti.
    Delivering long-term benefits to stakeholders through operational and service activities
    in design, construction and property business.


                        Penghasilan Usaha                                       Proporsi Pendapatan
                        Revenue                                   Rp            Proportion of Revenues

                                                                                Pendapatan tidak berulang   Pendapatan berulang

                        2023 Rp 1.273 Miliar | Billion                          Non-recurring revenue       Recurring revenue



                        2022 Rp 1.027 Miliar | Billion                          2023 22%                    2023 78%
                        2021 Rp 784 Miliar | Billion                            2022 18%                    2022 82%
                                                                                2021 19%                    2021 81%

                        Rasio Utang* terhadap Ekuitas                           Liabilitas
                        Debt* to Equity Ratio                                   Liabilities


                        2023 0,11 kali | times                                  2023 Rp 2.508 Miliar | Billion
                        2022 0,10 kali | times                                  2022 Rp 2.672 Miliar | Billion
                        2021 0,18 kali | times                                  2021 Rp 3.534 Miliar | Billion

                    *Utang bank, pembiayaan musyarakah, dan
                     pinjaman dari pihak selain bank
                     Bank debt, musyarakah financing, and non-bank loan




                        Utang                                                   EBITDA
                        Debt                                                    EBITDA


                        2023 Rp 676 Miliar | Billion                            2023 Rp 166 Miliar | Billion
                        2022 Rp 751 Miliar | Billion                            2022 Rp 75 Miliar | Billion
                        2021 Rp 1.428 Miliar | Billion                          2021 Rp (20) Miliar | Billion



                                                         Ekuitas
                                                         Equity


                                                         2023 Rp 6.131 Miliar | Billion
                                                         2022 Rp 7.242 Miliar | Billion
                                                         2021 Rp 8.148 Miliar | Billion




6   Bakrieland Laporan Tahunan 2023
Page 9
Analisis dan Pembahasan Manajemen                  Laporan Tata Kelola Perusahaan        Tanggung Jawab Sosial Perusahaan Terintegrasi/Laporan Keberlanjutan
Management Discussion and Analysis                  Corporate Governance Report              Integrated Corporate Social Responsibility/Sustainability Report




                                     2023 • Peningkatan kinerja segmen pendapatan berulang melalui peningkatan layanan dan promosi serta
                                            peluncuran produk baru, peremajaan dan penambahan fasilitas yang diantaranya taman rekreasi Rivera
                                                     Outbound & Edutainment, wahana Jungle Beach di The Jungle Waterpark Bogor, Bagus Beach Walk
                                                     di Krakatoa Nirwana Lampung, tipe kamar Executive di The Grove Suites Hotel Jakarta dan The Alana
                                                     Malioboro Hotel Yogyakarta.
                                                   • Perseroan melanjutkan pengembangan serta perencanaan pengembangan cluster baru properti hunian
                                                     di Sidoarjo dan Bogor.
                                                   • Improvement in recurring income segment performance through enhancing services and promotions
        Melakukan                                    as well as launching of new products, rejuvenating and adding facilities, among others, the Rivera
        investasi pada                               Outbound & Edutainment, Jungle Beach rides at The Jungle Waterpark Bogor, Bagus Beach Walk at
                                                     Krakatoa Nirwana Lampung, Executive room types at The Grove Suites Hotel Jakarta and The Alana
        proyek yang                                  Malioboro Hotel Yogyakarta.
        berpotensi                                 • The Company continued with development as well as development plans of the new residential property
                                                     cluster in Sidoardjo and Bogor.
        besar dan area
        baru.
                                     2022 Peningkatan kinerja operasional terus dilakukan pada produk segmen pendapatan berulang dan
        Invest in highly                  melanjutkan pengembangan produk properti, terutama perumahan di Bogor dan Sidoarjo. Perseroan
                                                   juga mempersiapkan pengembangan baru lainnya di area Bogor yang akan memperkuat segmen
        potential                                  pendapatan berulang dan pendapatan tidak berulang ke depan.
        projects and in                            The improvement of operational performance in the recurring income segment and continues the
                                                   development of property products, especially housing, in Bogor and Sidoarjo. The Company is also
        new areas.                                 preparing to develop another new area in Bogor to strengthen the recurring income and the non-recurring
                                                   income segments going forward.

                                     2021 Perseroan memulihkan kinerja operasional akibat dampak pandemi COVID-19 melalui lanjutan
                                          pengembangan produk properti, terutama perumahan, di Bogor dan Sidoarjo, serta peningkatan kinerja
                                                   produk segmen pendapatan berulangnya. Hal tersebut diiringi dengan tetap melakukan upaya efisiensi
                                                   biaya.
                                                   The Company recovered operational performance due to COVID-19 pandemic impact through continued
                                                   development of property products, especially housing in Bogor and Sidoarjo, as well as improvement in the
                                                   performance of recurring income segment products. This was accompanied by continuing efforts on cost
                                                   efficiency.




    2023                                                    2023
    Total nilai pengadaan untuk barang dan jasa          Kompensasi, benefit dan pajak penghasilan atas
    yang dibeli dari pemasok lokal di Jakarta,           7.063 karyawan sepanjang 2023 yang berpotensi
    Bogor, Lampung, dan Yogyakarta.                      untuk disalurkan ke masyarakat lokal.
    Total value for the procurement of goods             Compensation, benefits and income tax of 7,063
    and services purchased from local suppliers          employees during the year 2023 potentially viable
    in Jakarta, Bogor, Lampung, and Yogyakarta.          for distribution to local communities.
                                                                                                                   Berkontribusi kepada
                                                                                                                   pengembangan

    Rp76 Billion                                         Rp502 Billion
                         Miliar                                                      Miliar                        ekonomi lokal dan
                                                                                                                   memberikan manfaat
                                                                                                                   positif bagi karyawan,
                                                                                                                   komunitas, dan mitra
     2022 72         Rp         Miliar | Billion          2022 434        Rp             Miliar | Billion          usaha.
    Total nilai pengadaan untuk barang dan jasa          Kompensasi, benefit dan pajak penghasilan atas            Contributing to local
    yang dibeli dari pemasok lokal di Jakarta,           5.557 karyawan sepanjang 2022 yang berpotensi
    Bogor, Lampung, dan Yogyakarta.                      untuk disalurkan ke masyarakat lokal.                     economic development
    Total value for the procurement of goods             Compensation, benefits and income tax of 5,557            and provide positive
    and services purchased from local suppliers          employees during the year 2022 potentially viable
    in Jakarta, Bogor, Lampung, and Yogyakarta.          for distribution to local communities.                    benefits to employees,
                                                                                                                   community and
                                                                                                                   business partners.
     2021 Rp 28                 Miliar | Billion          2021 Rp 368                   Miliar | Billion
    Total nilai pengadaan untuk barang dan jasa          Kompensasi, benefit dan pajak penghasilan atas
    yang dibeli dari pemasok lokal di Jakarta,           5.353 karyawan sepanjang 2021 yang berpotensi
    Bogor, Lampung, dan Yogyakarta.                      untuk disalurkan ke masyarakat lokal.
    Total value for the procurement of goods             Compensation, benefits and income tax of 5,353
    and services purchased from local suppliers          employees during the year 2021 potentially viable
    in Jakarta, Bogor, Lampung, and Yogyakarta.          for distribution to local communities.




                                                                                                                     2023 Annual Report Bakrieland              7
Page 10
         Kilas Kinerja                     Profil Perusahaan                 Laporan Manajemen            Unit Pendukung Bisnis
    Performance Highlights                  Corporate Profile                Management Report             Business Support Unit




            Hijau Secara Menyeluruh
                 Green Through and Through




    Menghargai alam sejak tahap konsep desain, konstruksi,
    sampai dengan proyek operasional kami.
    Respecting nature from the initial stage of our project design
    up to construction and operation.


       Realisasi Nursery Tanaman                            Total Konsumsi Air                   Penanaman Pohon Bakau
     Total Realization for Plant Nursery                 Total Water Consumption                   Mangrove Tree Planted




        2023 Rp 557Juta | Billion                       2023 471 Juta  Liter
                                                                 Million Liter                   2023 16.389 Pohon
                                                                                                             Trees


        2022 Rp 468,1 Juta | Billion                    2022 377 Juta  Liter
                                                                 Million Liter                   2022 14.289 Pohon
                                                                                                             Trees


        2021 Rp 190 Juta | Billion                      2021 302 Juta  Liter
                                                                 Million Liter                   2021 13.289 Pohon
                                                                                                             Trees




                        Menerapkan
                        pengelolaan
                        limbah yang
                                                      Jumlah Limbah
                        efektif.                      Total Waste
                        Implementing
                        effective waste               2023
                        management.
                                                      699.944                            Kg

                                                      2022 711.035 Kg
                                                      2021 253.858 Kg


                        Meningkatkan
                        efisiensi energi
                        pada semua
                                                      Konsumsi Listrik
                        operasi dan                   Electricity Consumption
                        mengendalikan
                        jejak karbon.                 2023
                        Improved energy
                        efficiency in all
                        operations and
                                                      59,60               Juta kWh
                                                                          Million kWh

                        controlled carbon
                        footprints.
                                                      2022 51,53          Juta kWh
                                                                          Million kWh



                                                      2021 36,47           Juta kWh
                                                                           Million kWh




8   Bakrieland Laporan Tahunan 2023
Page 11
Analisis dan Pembahasan Manajemen       Laporan Tata Kelola Perusahaan       Tanggung Jawab Sosial Perusahaan Terintegrasi/Laporan Keberlanjutan
Management Discussion and Analysis       Corporate Governance Report             Integrated Corporate Social Responsibility/Sustainability Report




                                                Estimasi kontribusi Perseroan mengurangi potensi emisi
                    Melindungi                  Estimated Company’s contribution to reducing potential emission
                    keanekaragaman
                    hayati di mana pun
                    kami beroperasi.          2023
                                              100,9                      Juta kg CO2
                    Protecting of
                    biodiversity
                    wherever we
                                                                         Million kg CO2
                    operate.
                                              2022 97,2                     Juta kg CO2
                                                                            Million kg CO2



                                              2021 97,17                         Juta kg CO2
                                                                                 Million kg CO2



                                                Jenis tumbuhan prioritas di area operasi Perseroan
                                                Types of prioritized plant species in the Company’s operational areas



                                              2023
                                              70           Pohon
                                                           Trees

                                              2022 70                    Pohon
                                                                         Trees



                                              2021 70                    Pohon
                                                                         Trees



                                                Pohon ditanam di area operasional Perseroan
                                                Trees planted in the Company’s operational areas



                                              2023
                                              81.773                              Pohon
                                                                                  Trees
                                              2022 79.108                             Pohon
                                                                                      Trees



                                              2021 77.525                             Pohon
                                                                                      Trees




                    Berbagi
                    eco-awareness
                    di rantai pasokan
                    Perusahaan.
                                              2023
                    Sharing                   567 pemasok atau 88% dari total pemasok
                    eco-awareness             telah menerapkan standar lingkungan baik
                    in the Company’s          nasional dan internasional.
                    supply chain.             550 or 88% of suppliers implement both national and international
                                              environmental standards.


                                              2022            598 pemasok atau 88% dari total pemasok telah menerapkan
                                                              standar lingkungan baik nasional dan internasional.
                                                              598 or 88% of total suppliers implement both national and
                                                              international environmental standards.

                                              2021            513 pemasok atau 85% dari total pemasok telah menerapkan
                                                              standar lingkungan baik nasional dan internasional.
                                                              513 or 85% of total suppliers implement both national and
                                                              international environmental standards.




                                                                                                       2023 Annual Report Bakrieland                9
Page 12
          Kilas Kinerja                Profil Perusahaan                  Laporan Manajemen           Unit Pendukung Bisnis
     Performance Highlights             Corporate Profile                 Management Report            Business Support Unit




            Tentang Manusianya
                   It’s About the People




                                                            Menyediakan pengalaman kerja yang adil,
                                                            setara, saling menghargai, dan aman.
                                                            Providing fair, equal, respectful and safe work
                                                            experience.

                                                            2023           2022               2021
                                                            Kenihilan insiden terkait pelaksanaan
                                                            praktik ketenagakerjaan di Perseroan
                                                            Zero incidents related to the
                                                            implementation of labor practices in
                                                            the Company




                                                            0       Kematian
                                                                    Fatalities




                                                            2023 2433insiden berat, 49 insiden ringan, dan
                                                                        near miss
                                                                        2 recordable incidents, 49 non-recordable
                                                                        incidents and 433 near miss


                                                            2022 01.001
                                                                    insiden berat, 61 insiden ringan, dan
                                                                        near miss
                                                                        0 recordable incidents, 61 non-recordable
                                                                        incidents and 1,001 near miss


                                                            2021 0693insiden berat, 26 insiden ringan, dan
                                                                        near miss
                                                                       0 recordable incidents, 26 non-recordable
                                                                       incidents and 637 near miss




10   Bakrieland Laporan Tahunan 2023
Page 13
Analisis dan Pembahasan Manajemen    Laporan Tata Kelola Perusahaan      Tanggung Jawab Sosial Perusahaan Terintegrasi/Laporan Keberlanjutan
Management Discussion and Analysis    Corporate Governance Report            Integrated Corporate Social Responsibility/Sustainability Report




                                                Konsisten menjaga level respon tinggi pada masukan
                                                dan keluhan pelanggan
                                                Consistent in maintaining the high level of response to
                                                customer feedbacks and complaints


                                                2023                  tingkat respons dalam menanggapi
                                                                      masukan dan keluhan pelanggan
                                                99,96% response level in responding to
                                                       customers’ feedbacks and complaints



                                                2022                  tingkat respons dalam menanggapi
                                                                      masukan dan keluhan pelanggan
Melaksanakan perbaikan                          99,75% response level in responding to
                                                       customers’ feedbacks and complaints
berkesinambungan
demi mencapai service
excellence.                                     2021                  tingkat respons dalam menanggapi
                                                                      masukan dan keluhan pelanggan
Carrying out continuous
improvement to achieve                          98,73% response level in responding to
                                                       customers’ feedbacks and complaints
service excellence.




                                                Jumlah realisasi untuk program dan aktivitas
                                                pengembangan komunitas
                                                Total realization for programs and activities of
                                                community development

                                                2023 1,28      Rp            Miliar | Billion



                                                2022 868       Rp            Juta | Million



                                                2021 407       Rp
                                                                           Total
                                                                             Juta | Million



Membantu masyarakat untuk
meningkatkan kesejahteraan                      Penerima manfaat program dan aktivitas
melalui program CSR                             pengembangan komunitas
                                                Recipients of benefits from community
Supporting the community to                     development programs and activities
improve welfare through CSR
programs                                        2023 20.176                        Jumlah penerima manfaat
                                                                                   Total beneficiaries



                                                2022 5.197                     Jumlah penerima manfaat
                                                                               Total beneficiaries




                                                                                                    2023 Annual Report Bakrieland               11
Page 14
          Kilas Kinerja                  Profil Perusahaan               Laporan Manajemen               Unit Pendukung Bisnis
     Performance Highlights               Corporate Profile              Management Report                Business Support Unit




              Praktik Usaha
          Terbaik dan Kepatuhan
     Adopting Best Practices and Compliance



     Kepatuhan penuh terhadap peraturan                                                2023    2022 2021
     seluruh perundang-undangan yang berlaku                                           Kepatuhan terhadap semua
     Full compliance with all applicable laws and regulations                          hukum dan peraturan
                                                                                       Compliance with laws and
                                                                                       regulations


                                                                                       100%
                              Menegakan integritas, transparansi, dan
                              kejujuran dalam melakukan bisnis
                              Upholding integrity, transparency, and
                              honesty in conducting business

     2023                                      2022                                    2021
     Menyempurnakan implementasi               Menyempurnakan implementasi             Memperkuat peran Komite Audit
     prinsip responsibilitas dalam             prinsip responsibilitas dalam           dalam fungsi pengawasan serta
     penyelesaian dan penyampaian              penyelesaian dan penyampaian            asistensi Manajemen Entitas Induk
     laporan keuangan dan laporan              laporan keuangan dan laporan            dalam rangka penyelesaian laporan
     kepada regulator serta berupaya           kepada regulator lainnya dengan         keuangan dan laporan lainnya
     maksimal dalam koordinasi                 mengoptimalkan digitalisasi.            sebagaimana dipersyaratkan oleh
     menjalankan praktik-praktik bisnis        Refining the implementation of          regulator dan peraturan perundang-
     sesuai dengan tata kelola yang baik       the principle of responsibility         undangan yang berlaku.
     dengan para pemangku kepentingan.         in completing and disclosing            Strengthening the role of the Audit
     Improving the implementation of           financial reports and reports to        Committee in supervision function
     the principle of responsibility in        other regulators with optimizing        as well as in assisting the Parent
     completing and submitting financial       digitalization.                         Company’s Management in the
     reports and reports to regulators                                                 context of completing financial
     as well as in maximizing efforts to                                               reports and other reports as required
     coordinate the implementation of                                                  by regulators and applicable laws and
     business practices in accordance with                                             regulations.
     good governance with stakeholders.




12    Bakrieland Laporan Tahunan 2023
Page 15
Analisis dan Pembahasan Manajemen       Laporan Tata Kelola Perusahaan   Tanggung Jawab Sosial Perusahaan Terintegrasi/Laporan Keberlanjutan
Management Discussion and Analysis       Corporate Governance Report         Integrated Corporate Social Responsibility/Sustainability Report




                          Melakukan mekanisme badan pengendalian internal untuk
                          penguatan manajemen risiko dan tindakan pencegahan
                          Implement internal control unit mechanism to strengthen risk
                          management and preventive measures


2023                                     2022                                          2021
1
kebijakan
                                         1
                                         kebijakan
                                                                                       1
                                                                                       kebijakan
policy                                   policy                                        policy

diperbaharui guna menyesuaikan           diperbaharui guna menyesuaikan                dan 1 form diperbaharui guna
ketentuan internal dengan adanya         ketentuan internal dengan adanya              menyesuaikan ketentuan terkait
perubahan dalam organisasi.              perubahan dalam organisasi.                   dengan pemilihan Kantor Akuntan
policy updated to conform with           policy updated to conform with                Publik.
internal provisions due to changes in    internal provisions due to changes in         policy and 1 form updated to conform
the organization.                        the organization.                             with internal provisions due to the
                                                                                       appointment of Public Accounting.
                                                                                       Firm.



2023                                     2022                                          2021
Rp3,5 billion                            Rp5,1 billion                                 Rp3,5 billion
                 miliar                                miliar                                            miliar




Perseroan telah merealisasikan           Perseroan telah merealisasikan                Perseroan telah merealisasikan
sebesar Rp3,5 miliar untuk               sebesar Rp5,1 miliar untuk                    sebesar Rp3,5 miliar untuk
mengantisipasi dan menyelesaikan         mengantisipasi dan menyelesaikan              mengantisipasi dan menyelesaikan
709 kejadian terkait pelanggan.          492 kejadian terkait pelanggan.               601 kejadian terkait pelanggan.
The Company actualized a total           The Company actualized a total                The Company actualized a total
of Rp3.5 billion to anticipate and       of Rp5.1 billion to anticipate and            of Rp3.5 billion to anticipate and
complete 709 incidents related to        complete 492 incidents related to             complete 601 incidents related to
customers.                               customers.                                    customers.




2023                                     2022                                          2021
0   Kematian
    Fatalities                           0    Kematian
                                              Fatalities                               0    Kematian
                                                                                            Fatalities




38 insiden berat, 308 insiden            23 insiden berat, 408 insiden                 10 insiden berat, 229 insiden
ringan dan 363 near miss                 ringan dan 476 near miss                      ringan dan 362 near miss
38 recordable incidents,                 23 recordable incidents,                      10 recordable incidents,
308 non-recordable incidents             408 non-recordable incidents                  229 non-recordable incidents
and 363 near misses                      and 476 near misses                           and 362 near misses




                                                                                                   2023 Annual Report Bakrieland            13
Page 16
          Kilas Kinerja                      Profil Perusahaan                 Laporan Manajemen                Unit Pendukung Bisnis
     Performance Highlights                   Corporate Profile                Management Report                 Business Support Unit




                              Mengadopsi best practice standar nasional atau
                              internasional yang relevan dengan operasional
                              sebagai bagian dari upaya continuous improvement.
                              Adopting best practices in national and international
                              standards relevant to operation as part of the efforts on
                              continuous improvement.


     2023                                          2022                                      2021
     Mempertahankan sertifikasi                    Mempertahankan sertifikasi                Mempertahankan sertifikasi
     ISO 45001:2018 tentang Sistem                 ISO 45001:2018 tentang Sistem             ISO 9001:2015 tentang Sistem
     Manajemen K3 untuk Gedung Bakrie              Manajemen K3 untuk Gedung Bakrie          Manajemen K3 untuk Gedung Bakrie
     Tower di bawah manajemen                      Tower di bawah manajemen                  Tower di bawah manajemen
     PT Provices Indonesia.                        PT Provices Indonesia.                    PT Provices Indonesia.
     Maintained ISO 45001:2018 on                  Maintained ISO 45001:2018 on              Maintained ISO 9001:2015 on
     OHS Management System for                     OHS Management System for                 OHS Management System for
     Bakrie Tower Building under                   Bakrie Tower Building under               Bakrie Tower Building under
     the management of PT Provices                 the management of PT Provices             the management of PT Provices
     Indonesia.                                    Indonesia.                                Indonesia.



     2023                                          2022                                      2021
     Dalam proses mendapatkan Gold                 Dalam proses mendapatkan Gold             Dalam proses mendapatkan Silver
     Category untuk sertifikasi Green              Category untuk sertifikasi Green          Category untuk sertifikasi Green
     Building dari Green Building Council          Building dari Green Building Council      Building dari Green Building Council
     Indonesia (GBCI) kategori Existing            Indonesia (GBCI) kategori Existing        Indonesia (GBCI) kategori Existing
     Building Bakrie Tower.                        Building Bakrie Tower.                    Building Bakrie Tower.
     In the process of obtaining Gold              In the process of obtaining Gold          In the process of obtaining Silver
     Category for Green Building                   Category for Green Building               Category for Green Building
     certification from the Green Building         certification from the Green Building     certification from the Green Building
     Council Indonesia (GBCI), category of         Council Indonesia (GBCI), category of     Council Indonesia (GBCI), category of
     Existing Building – Bakrie Tower.             Existing Building – Bakrie Tower.         Existing Building – Bakrie Tower.




     2023                                          2022                                      2021

     Mempertahankan sertifikasi                    Mempertahankan sertifikasi                Mempertahankan sertifikasi
     Fire Safety dari otoritas lokal               Fire Safety dari otoritas lokal           Fire Safety dari otoritas lokal
     untuk seluruh kompleks gedung                 untuk seluruh kompleks gedung             untuk seluruh kompleks gedung
     perkantoran dan mal yang dikelola             perkantoran dan mal yang dikelola         perkantoran dan mal yang dikelola
     oleh Perseroan.                               oleh Perseroan.                           oleh Perseroan.
     Maintained Fire Safety certification          Maintained Fire Safety certification      Maintained Fire Safety certification
     from the local authority for the entire       from the local authority for the entire   from the local authority for the entire
     office building and mall complex              office building and mall complex          office building and mall complex
     managed by the Company.                       managed by the Company.                   managed by the Company.


14   Bakrieland Laporan Tahunan 2023
Page 17
Analisis dan Pembahasan Manajemen       Laporan Tata Kelola Perusahaan   Tanggung Jawab Sosial Perusahaan Terintegrasi/Laporan Keberlanjutan
Management Discussion and Analysis       Corporate Governance Report         Integrated Corporate Social Responsibility/Sustainability Report




2023                                     2022                                          2021
Mempertahankan sertifikasi Halal         Mempertahankan sertifikasi Halal              Mempertahankan sertifikasi
dari MUI untuk PT Jasa Boga Raya         dari MUI untuk PT Jasa Boga Raya              Halal dari MUI dan sertifikasi ISO
anak perusahaan Bakrieland yang          anak perusahaan Bakrieland yang               22000:2005 tentang Keamanan
bergerak dalam bidang Food &             bergerak dalam bidang Food &                  Pangan untuk PT Jasa Boga Raya,
Beverages.                               Beverages.                                    anak perusahaan Bakrieland yang
Maintained Halal certification from      Maintained Halal certification from           bergerak dalam bidang Food &
MUI for PT Jasa Boga Raya, subsidiary    MUI for PT Jasa Boga Raya, subsidiary         Beverages.
of Bakrieland engaged in Food &          of Bakrieland engaged in Food &               Maintained Halal certification
Beverages.                               Beverages.                                    from MUI and certification of ISO
                                                                                       22000:2005 for Food Safety for
                                                                                       PT Jasa Boga Raya, subsidiary of
                                                                                       Bakrieland engaged in Food &
                                                                                       Beverages.



2023                                     2022                                          2021
Mempertahankan ISO 45001:2018            Mempertahankan ISO 45001:2018                 Melaksanakan resertifikasi OHSAS
tentang Sistem Manajemen K3 di           tentang Sistem Manajemen K3 di                menjadi ISO 45001:2018 tentang
bawah manajemen PT Provices              bawah manajemen PT Provices                   Sistem Manajemen K3 untuk
Indonesia.                               Indonesia.                                    menerapkan praktik manajemen
Maintaining ISO 45001:2018               Maintaining ISO 45001:2018                    risiko pada area (K3) secara
regarding the K3 Management              regarding the K3 Management                   terstruktur di bawah manajemen
System under the management of           System under the management of                PT Provices Indonesia.
PT Provices Indonesia.                   PT Provices Indonesia.                        Carrying out OHSAS recertification
                                                                                       to ISO 45001:2018 on OHS
                                                                                       Management System to implement
                                                                                       risk management practices in the
                                                                                       (OHS) area in a structured manner
                                                                                       under the management of
                                                                                       PT Provices Indonesia.




                                                                                                   2023 Annual Report Bakrieland            15
Page 18
          Kilas Kinerja                              Profil Perusahaan                           Laporan Manajemen                       Unit Pendukung Bisnis
     Performance Highlights                           Corporate Profile                          Management Report                        Business Support Unit




     Ikhtisar Keuangan
     Financial Highlights
                                                                                                                              dalam jutaan Rupiah | in million Rupiah

                                                  Uraian
                                                                                                                2023                2022*                2021
                                                Description
     Laporan Laba Rugi dan Penghasilan Komprehensif Lain Konsolidasian
     Consolidated Income Statements and Other Comprehensive Incomes
     Pendapatan Neto I Net Revenues                                                                             1.273.390           1.027.232              784.410
     Laba Kotor I Gross Incomes                                                                                   436.851              345.250             187.470
     Laba (Rugi) Usaha I Operating Profit (Loss)                                                                    93.698            (34.197)           (133.927)
     Rugi Neto I Net Loss                                                                                      (1.122.557)           (789.619)           (273.529)
     Rugi yang dapat diatribusikan kepada I Net Loss attributable to
     - Pemilik Entitas Induk I Owners of the Parent Entity                                                     (1.079.192)           (245.309)           (201.910)
     - Kepentingan Non-Pengendali I Non-Controlling Interest                                                      (43.365)           (544.310)            (71.619)
     Rugi Komprehensif Neto I Net Comprehensive Loss                                                           (1.110.602)           (904.962)           (288.251)
     Rugi Komprehensif Neto yang dapat diatribusikan kepada:
     Net Comprehensive Loss attributable to:

     - Pemilik Entitas Induk I Owners of the Parent Entity                                                     (1.067.237)           (360.652)           (216.632)

     - Kepentingan Non-Pengendali I Non-Controlling Interest                                                     (43.365)            (544.310)             (71.619)
     Rugi Neto per Saham Dasar / Dilusian Diatribusikan
     Kepada Pemilik Entitas Induk (Angka Penuh)                                                                        (26)                 (18)                  (6)
     Basic / Diluted per Share Atributable to Owners of Parent Entity (Full Amount)
     Laporan Posisi Keuangan Konsolidasian
     Consolidated Statement of Financial Position
     Jumlah Aset Lancar I Total Current Assets                                                                  2.431.035           2.667.546           2.742.719
     Jumlah Aset Tidak Lancar I Total Non-Current Assets                                                        6.208.018           7.245.913           8.938.484
     Jumlah Aset I Total Assets                                                                                 8.639.053           9.913.459          11.681.203
     Jumlah Liabilitas Jangka Pendek I Total Current Liabilities                                                2.002.507           2.116.886           2.666.128
     Jumlah Liabilitas Jangka Panjang I Total Non-Current Liabilities                                             505.301             554.726             867.440
     Jumlah Liabilitas I Total Liabilities                                                                      2.507.808           2.671.612            3.533.568
     Jumlah Ekuitas I Total Equities                                                                            6.131.245           7.241.847            8.147.635
     Laporan Arus Kas Konsolidasian
     Consolidated Statement of Cash Flows
     Kas Neto yang Diperoleh dari Aktivitas Operasi
                                                                                                                   36.273               90.075               13.757
     Net Cash Provided by Operating Activities
     Kas Neto yang Diperoleh dari (Digunakan untuk) Aktivitas Investasi
                                                                                                                   (4.832)             241.621               32.344
     Net Cash Provided by (Used for) Investing Activities
     Kas Neto yang Diperoleh dari (Digunakan untuk) Aktivitas Pendanaan
                                                                                                                 (45.801)            (302.924)               26.507
     Net Cash Provided by (Used for) Financing Activities
     Kenaikan (Penurunan) Neto Kas dan Setara Kas
                                                                                                                 (14.360)               28.772               72.608
     Net Increased (Decreased) in Cash and Cash Equivalent
     Dampak Neto Perubahan Nilai Tukar atas Kas
                                                                                                                       (16)                   62                    3
     Net Effects of Changes in Exchange Rate on Cash
     Kas dan Setara Kas Awal Tahun
                                                                                                                  148.136              119.302               46.691
     Cash and Cash Equivalent at Beginning of the Year
     Kas dan Setara Kas Akhir Tahun
                                                                                                                  133.760              148.136             119.302
     Cash and Cash Equivalent at End of the Year
     Rasio Keuangan
     Financial Ratio
     Rasio Rugi Bersih terhadap Aset I Return on Assets (ROA)                                                        (13%)                (8%)                 (2%)
     Rasio Rugi Bersih terhadap Ekuitas I Return on Equities (ROE)                                                   (18%)               (11%)                 (3%)
     Rasio Marjin Laba Kotor terhadap Pendapatan I Gross Profit Margin                                                 34%                 34%                  24%
     Rasio Marjin Laba (Rugi) Usaha terhadap Pendapatan I Operating Profit (Loss)
                                                                                                                       7%                  (3%)               (17%)
     Margin
     Rasio Marjin Rugi Bersih terhadap Pendapatan I Net Income (Loss) Margin                                         (88%)               (77%)                (35%)
     Rasio Lancar I Current Ratio                                                                                    121%                 126%                103%
     Rasio Liabilitas terhadap Aset I Total Liabilities to Assets Ratio                                                29%                 27%                  30%
     Rasio Liabilitas terhadap Ekuitas I Total Liabilities to Equity Ratio                                             41%                 37%                  43%
     *) Tidak termasuk akun - akun PT Jungeland Asia yang sudah didekonsolidasi pada tanggal 1 Desember 2022
        Excluding the accounts of PT Jungleland Asia which have been deconsolidated on 1 December 2022



16   Bakrieland Laporan Tahunan 2023
Page 19
Analisis dan Pembahasan Manajemen                    Laporan Tata Kelola Perusahaan      Tanggung Jawab Sosial Perusahaan Terintegrasi/Laporan Keberlanjutan
Management Discussion and Analysis                    Corporate Governance Report            Integrated Corporate Social Responsibility/Sustainability Report




Ikhtisar Bisnis
Business Highlights
Pendapatan Neto                                                                Jumlah Liabilitas
Net Revenues                                                                   Total Liabilities
(dalam miliar Rupiah | in billion Rupiah)                                      (dalam miliar Rupiah | in billion Rupiah)



2023                                                    1.273                  2023                                                  2.508


2022                                                1.027                      2022                                                    2.672


2021                                        784                                2021                                                          3.534


Laba (Rugi) Tahun Berjalan                                                     Jumlah Aset
Uncome (Loss) for the Year                                                     Total Assets
(dalam miliar Rupiah | in billion Rupiah)                                      (dalam miliar Rupiah | in billion Rupiah)



2023                                                    (1.123)                2023                                        8.639


2022                                        (790)                              2022                                           9.913


2021               (274)                                                       2021                                                     11.681


Jumlah Ekuitas
Total Equities
(dalam miliar Rupiah | in billion Rupiah)



2023                                              6.131


2022                                                  7.242


2021                                                        8.148


Pendapatan
Revenues

                                              22%                                         18%                                             19%
            78%                                             82%                                             81%


                             2023                                         2022                                                2021




                                                  Pendapatan Tidak Berulang             Pendapatan Berulang
                                                  Non-Recurring                         Recurring




                                                                                                                           2023 Annual Report Bakrieland    17
Page 20
          Kilas Kinerja                 Profil Perusahaan              Laporan Manajemen                  Unit Pendukung Bisnis
     Performance Highlights              Corporate Profile             Management Report                   Business Support Unit




     Ikhtisar Saham
     Stock Overview

     Informasi Harga Saham                                       Share Price Information
     Sepanjang tahun 2023, harga saham Perseroan adalah Rp50.    Throughout the year 2023, the Company shares price was at
                                                                 Rp50.

     Penghentian Perdagangan Saham                               Temporary Suspension Stock Trading/
     Sementara/Penghapusan Pencatatan                            Delisting of Shares
     Saham
     Pada tahun buku 2023, Perseroan pernah mengalami            In 2023, the Company experienced a temporary suspension
     penghentian sementara perdagangan saham (suspension).       on its stock trading. However, since Session II of Securities
     Namun terhitung sejak Sesi II Perdagangan Efek tanggal      Trading on 19 October 2023, the Company’s shares were back
     19 Oktober 2023, saham Perseroan kembali dapat              on for trading on the IDX/BEI with an opening share price of
     diperdagangkan di BEI dengan harga saham dibuka sebesar     Rp50 per share.
     Rp50 per lembar saham.

     Aksi Korporasi Terkait Saham                                Corporate Action Related to Shares
     Selama tahun buku 2023, Perseroan tidak memiliki atau       During the year 2023, the Company did not conduct any
     melakukan aksi korporasi yang mencakup pemecahan saham,     corporate action which include stock splits, stock mergers, stock
     penggabungan saham, dividen saham, saham bonus, perubahan   dividends, bonus shares, changes in the nominal value of shares.
     nilai nominal saham.




18    Bakrieland Laporan Tahunan 2023
Page 21
Analisis dan Pembahasan Manajemen    Laporan Tata Kelola Perusahaan   Tanggung Jawab Sosial Perusahaan Terintegrasi/Laporan Keberlanjutan
Management Discussion and Analysis    Corporate Governance Report         Integrated Corporate Social Responsibility/Sustainability Report




                                                                                                2023 Annual Report Bakrieland            19
Page 22
          Kilas Kinerja                Profil Perusahaan     Laporan Manajemen              Unit Pendukung Bisnis
     Performance Highlights             Corporate Profile    Management Report               Business Support Unit




     Peristiwa Penting
     Event Highlights




          Februari                                          Maret
          February                                          March
          Bahana Sukma Sejahtera resmikan kantor            Horison Suites & Residences Rasuna Jakarta
          dengan laksanakan pemeriksaan kesehatan           resmi buka Santan Restaurant
          gratis untuk masyarakat                           The Horison Suites & Residences Rasuna Jakarta
          Launching of the Bahana Sukma Sejahtera Office    officially opened the Santan Restaurant
          with providing free medical check-up for the
          community




          April                                             Mei
          April                                             May
          Wahana Jungle Beach resmi diluncurkan di the      Provices Indonesia resmikan kantor di
          Jungle Waterpark                                  Yogyakarta
          Jungle Beach rides officially launched at the     Provices Indonesia’s Yogyakarta Office Officiated
          Jungle Waterpark




          Juni                                              Juli
          June                                              July
          Peluncuran Perumahan Bumi Tirta Pakuan            Bagus Beach Walk resmi diluncurkan di Kalianda
          Launching of the Bumi Tirta Pakuan Residence      Nirwana Resort
                                                            The Bagus Beach Walk officially launched at the
                                                            Kalianda Nirwana Resort


20   Bakrieland Laporan Tahunan 2023
Page 23
Analisis dan Pembahasan Manajemen    Laporan Tata Kelola Perusahaan    Tanggung Jawab Sosial Perusahaan Terintegrasi/Laporan Keberlanjutan
Management Discussion and Analysis    Corporate Governance Report          Integrated Corporate Social Responsibility/Sustainability Report




   Agustus                                                       September
   August                                                        September
   Penandatanganan kerja sama pembangunan                        The Grove Suites luncurkan tipe kamar mewah
   wisata Bogor antara PT Bahana Sukma Sejahtera                 terbaru
   dan PT Nimo Kreasindo Utama                                   The Grove Suites launched its newest luxury
   Signing of the Bogor Tourism Development                      rooms
   cooperation agreement between PT Bahana
   Sukma Sejahtera and PT Nimo Kreasindo Utama




                                                                  November
                                                                  November
                                                                  • Rapat Umum Pemegang Saham Tahunan
                                                                    PT Bakrieland Development Tbk
                                                                  • Peluncuran tipe rumah Minerva di Kahuripan
                                                                    Nirwana
                                                                  • The Annual General Meeting of Shareholders of
                                                                    PT Bakrieland Development Tbk
                                                                  • Launching of the house type Minerva at
                                                                    Kahuripan Nirwana
   Oktober
   October
   • Rivera Outbound & Edutainment, taman
     rekreasi Baru di Bogor Nirwana Residence
   • The Alana Malioboro daftarkan 500 pekerja
     informal jadi peserta BPJamsostek
   • Rivera Outbound & Edutainment, the new
     recreational park at Bogor Nirwana Residence
   • The Alana Malioboro registered 500 informal
     workers as BPJamsostek participants




                                                                                                 2023 Annual Report Bakrieland            21
Page 24

          
Page 25
Profil Perusahaan
Corporate Profile
Page 26
          Kilas Kinerja                Profil Perusahaan                    Laporan Manajemen                  Unit Pendukung Bisnis
     Performance Highlights             Corporate Profile                   Management Report                   Business Support Unit




     Data Perusahaan
     Company Data




     Nama Perusahaan                                    PT Bakrieland Development Tbk
     Name of Company
     Tanggal Pendirian                                  12 Juni 1990
     Date of Establishment                              12 June 1990
     Bidang Usaha                                       Developer dan Pembangunan Real Estate
     Type of Business                                   Real Estate Property and Developer
     Dasar Hukum Pendirian                              Akta Notaris John Leonard Waworuntu, S.H., No. 209 dan telah disahkan
     Legal Basis of Establishment                       oleh Menteri Kehakiman Republik Indonesia dalam Surat Keputusan
                                                        No. C2-1978.HT.01.01.TH.91 tanggal 31 Mei 1991 serta diumumkan dalam
                                                        Berita Negara Republik Indonesia No. 93 tanggal 19 November 1991.
                                                        Notarial Deed of John Leonard Waworuntu, S.H., No. 209 and ratified by the
                                                        Minister of Justice of the Republic of Indonesia through Decision Letter
                                                        No. C-21978.HT.01.01.TH.91 dated 31 May 1991, and published in the State
                                                        Gazette of the Republic of Indonesia No. 93 dated 19 November 1991.
     Modal Dasar                                        Rp10.000.000.000.000
     Authorized Capital
     Modal Ditempatkan dan Disetor Penuh                43.521.913.019
     Issued and Fully Paid Capital Stock




24   Bakrieland Laporan Tahunan 2023
Page 27
Analisis dan Pembahasan Manajemen     Laporan Tata Kelola Perusahaan   Tanggung Jawab Sosial Perusahaan Terintegrasi/Laporan Keberlanjutan
Management Discussion and Analysis     Corporate Governance Report         Integrated Corporate Social Responsibility/Sustainability Report




 Kepemilikan Saham per 31 Desember 2023          •    KPD Simas Equity Fund (5,35%)
 Share Ownership as of 31 December 2023          •    Interventures Capital Pte. Ltd (5,12%)
                                                 •    Masyarakat (kepemilikan < 5%) (89,53%)
                                                 •    KPD Simas Equity Fund (5.35%)
                                                 •    Interventures Capital Pte. Ltd. (5.12%)
                                                 •    Public (ownership of <5%) (89.53%)
 Jumlah Karyawan Perseroan                       7.063 Karyawan / Employees
 per 31 Desember 2023
 Number of Company’s Employees
 as of 31 December 2023
 Alamat                                          Wisma Bakrie I
 Address                                         Jl. H.R. Rasuna Said Kav B-1, 6th Foor
                                                 Jakarta 12920 – Indonesia
                                                 Tel: 021-5257835
                                                 Fax: 5225063
                                                 E-mail      : corporate.info@bakrieland.com
                                                 Website : http://www.bakrieland.com
 Hubungan Investor                               corporate.info@bakrieland.com
 Investor Relations
 Media Sosial                                    @Bakrieland_Group (Instagram, Tiktok, dan Facebook)
 Social Media




                                                                                                 2023 Annual Report Bakrieland            25
Page 28
           Kilas Kinerja                     Profil Perusahaan                 Laporan Manajemen                Unit Pendukung Bisnis
      Performance Highlights                  Corporate Profile                Management Report                 Business Support Unit




     Sejarah Perusahaan
     Company History




     Kiprah PT Bakrieland Development Tbk (“Bakrieland” atau             The role of PT Bakrieland Development Tbk ”Bakrieland” or
     “Perseroan”) sebagai perusahaan pengembang properti di              “Company” as a property development company in Indonesia
     Indonesia dimulai sejak 12 Juni 1990 yang saat itu didirikan        since 12 June 1990, at the time was established under the name
     dengan nama PT Purilestari Indah Pratama. Berselang empat           PT Purilestari Indah Pratama. Four years later following the
     tahun kemudian setelah pendirian, tepatnya pada Desember            establishment of the company, precisely in December 1994,
     1994, perusahaan ini berganti nama menjadi PT Elang Realty          the company then changed its name to PT Elang Realty and in
     dan pada Oktober 1995, PT Elang Realty melakukan aksi               October 1995, PT Elang Realty carried out a major corporate
     korporasi besar berupa Penawaran Umum Perdana Saham (IPO)           action in the form of an Initial Public Offering (IPO) on the
     di Bursa Efek Indonesia (BEI) (d/h Bursa Efek Jakarta). Sehingga,   Indonesia Stock Exchange (IDX) (formerly the Jakarta Stock
     pencatatan nama perusahaan kembali berubah menjadi PT Elang         Exchange). Thus, the name listed changed again to PT Elang
     Realty Tbk.                                                         Realty Tbk.




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Analisis dan Pembahasan Manajemen        Laporan Tata Kelola Perusahaan    Tanggung Jawab Sosial Perusahaan Terintegrasi/Laporan Keberlanjutan
Management Discussion and Analysis        Corporate Governance Report          Integrated Corporate Social Responsibility/Sustainability Report




Setelah resmi memperdagangkan sahamnya di BEI, pada tahun          After officially traded its shares in IDX, in the year 1997,
1997, PT Elang Realty Tbk kembali melakukan perubahan              PT Elang Realty Tbk again changed its name to PT Bakrieland
nama menjadi PT Bakrieland Development Tbk. Sejak saat             Development Tbk. From this moment on, the Company is
itu hingga kini, Perseroan dikenal sebagai perusahaan              known as an integrated area development company in Indonesia
pengembang kawasan terpadu di Indonesia yang bergerak dalam        involved in property development and property related projects.
pembangunan properti dan proyek-proyek terkait properti.


Kegiatan bisnis Perseroan berfokus pada pengembangan hunian        The Company’s business activities focus on residential
segmen menengah dan menengah-atas di berbagai lokasi               development for the middle and upper-middle segments in
strategis di Indonesia. Selain menjadi pengembang superblock       various strategic locations in Indonesia. Apart from being the
pertama dan terbesar di kawasan bisnis utama Jakarta, dengan       first and largest superblock developer in Jakarta’s main business
Rasuna Epicentrum, Perseroan juga merupakan pengembang             district, with the Rasuna Epicentrum, the Company is also known
hunian segmen menengah atas terbesar di Kota Bogor, dengan         as the middle up segment residential developer in the City of
Bogor Nirwana Residence. Pada tahun 2007, Perseroan berhasil       Bogor, with the Bogor Nirwana Residence. In the year 2007, the
mengembangkan usaha taman rekreasi yang berawal dari The           Company managed to develop the amusement park business
Jungle Waterpark. Selanjutnya pada tahun 2023, Perseroan           which began with The Jungle Waterpark. Subsequently, in 2023,
meluncurkan taman rekreasi Rivera Outbound & Edutainment.          the Company launched a new amusement park, namely the
                                                                   Rivera Outbound & Edutainment.


Pada tahun 2014, Perseroan juga mengembangkan township             In the year 2014, the Company also developed the Kahuripan
Kahuripan Nirwana di Sidoarjo, Jawa Timur, dan mulai               Nirwana township in Sidoarjo, East Java, and began to
mengembangkan bisnis lainnya di Yogyakarta melalui Awana           expand into other business in Yogyakarta through the Awana
Yogyakarta yang merupakan perpaduan antara kawasan hunian          Yogyakarta, a combination of a residential area and the Alana
dan hotel the Alana Malioboro. Setelah keberhasilan ini, pada      Malioboro hotel. Following this success, in 2014, the Company
tahun 2014, Perseroan kembali mengembangkan hunian di              again developed a residential area in Bogor through the Bumi
Bogor melalui proyek Bumi Tirta Pakuan. Terbaru di tahun           Tirta Pakuan project. The latest in 2023, the Company launched
2023, Perseroan meluncurkan cluster Sayana yang berlokasi          the Sayana cluster located in the Bogor Nirwana Residence area.
di dalam kawasan Bogor Nirwana Residence.




                                                                                                     2023 Annual Report Bakrieland            27
Page 30
          Kilas Kinerja                          Profil Perusahaan          Laporan Manajemen                        Unit Pendukung Bisnis
     Performance Highlights                       Corporate Profile         Management Report                         Business Support Unit




     Jejak Langkah
     Milestones                                                            2009-2010
                                                                           • Juli 2009 | July 2009
                                                                             • Penerbitan Sukuk Ijarah I Bakrieland Development
                                                                                dengan sisa imbalan sebesar Rp150.000.000.000.
                                                                             • Melalui PT Bakrie Nirwana Semesta, Bakrieland
                                                                                meningkatkan penyertaan modal pada PT Bali Nirwana
                                                                                Resort menjadi 52,55%.
                                                                             • Issuance of Bakrieland Development’s Sukuk Ijarah I with
                                                                                residual benefit of Rp150,000,000,000.
         1984-2008                                                           • Through PT Bakrie Nirwana Semesta, Bakrieland increased
                                                                                its equity investment in PT Bali Nirwana Resort to 52.55%.
         • Juni 1984 | June 1984                                           • Oktober 2009 | October 2009
           Kelompok Usaha Bakrie melalui PT Catur Swasakti Utama             Melalui PT Bakrie Toll Road yang sahamnya 99,99% dimiliki
           (sekarang bernama PT Bakrie Swasakti Utama, anak                  oleh PT Bakrie Infrastructure (anak perusahaan), Bakrieland
           perusahaan Bakrieland), memulai bisnis pembangunan                meningkatkan investasinya pada PT Semesta Marga Raya
           properti dengan membangun Wisma Bakrie, gedung Graha              menjadi 64,98%.
           Kapital, dan Apartemen Taman Rasuna di Jakarta.                   Through PT Bakrie Toll Road, of which 99.99% of its shares
           The Bakrie Group, through PT Catur Swasakti Utama                 is owned by PT Bakrie Infrastructure (subsidiary), Bakrieland
           (currently as PT Bakrie Swasakti Utama, a subsidiary of           increased its investment in PT Semesta Marga Raya to 64.98%.
           Bakrieland), began its property development business with       • Januari 2010 | January 2010
           the construction of Wisma Bakrie and Graha Kapital buildings,     Perseroan meningkatkan kepemilikan menjadi 100% di
           and Taman Rasuna Apartment in Jakarta.                            PT Semesta Marga Raya melalui anak perusahaannya,
         • Juni 1990 | June 1990                                             PT Satria Cita Perkasa, Pan Galactic Investment Ltd., dan
           Perseroan didirikan dengan nama PT Puri Lestari Indah             Transglobal Finance Ltd.
           Pratama pada Juni 1990 dan berganti nama menjadi                  The Company increased its ownership to 100% in PT Semesta
           PT Elang Realty pada Desember 1994. Selanjutnya pada              Marga Raya through its subsidiary, PT Satria Cita Perkasa,
           tahun 1997, PT Elang Realty kembali mengubah namanya              Pan Galactic Investment Ltd., and Transglobal Finance Ltd.
           menjadi PT Bakrieland Development Tbk.                          • Maret 2010 | March 2010
           The Company was established under the name PT Puri Lestari        Melalui anak perusahaan BLD Investment Pte. Ltd.,
           Indah Pratama in June 1990 and changed its name to                Perseroan menerbitkan Equity-Linked Bond sebesar
           PT Elang Realty in December 1994. Subsequently,                   USD155.000.000.
           in the year 1997, PT Elang Realty again changed its               Through its subsidiary, BLD Investment Pte. Ltd., the Company
           name to PT Bakrieland Development Tbk.                            issued Equity-Linked Bond amounting to USD155,000,000.
         • Oktober 1995 | October 1995                                     • Juni 2010 | June 2010
           Pada 30 Oktober 1995, Perseroan untuk pertama kalinya             Penawaran Umum Terbatas IV sebanyak 19.959.885.695
           melakukan Penawaran Umum Saham Perdana di Bursa Efek              saham biasa Seri B dengan nilai nominal Rp100 per saham
           Indonesia (d/h Bursa Efek Jakarta) sebanyak 110.000.000           dan dengan harga penawaran Rp160 per saham atau
           saham dengan nilai nominal Rp500 per saham dan harga              sebesar Rp3.193.581.711.200, yang tercatat di Bursa Efek
           penawaran sebesar Rp625 per saham.                                Indonesia.
           On 30 October 1995, for the first time, the Company               Limited Public Offering IV of 19,959,885,695 common
           conducted an Initial Public Offering on the Indonesia             stock B Series with a nominal value of Rp100 per share
           Stock Exchange (formerly as Jakarta Stock Exchange) of            and an offering price of Rp160 per share or the amount of
           110,000,000 shares with a nominal value of Rp500 per share        Rp3,193,581,711,200, listed on the Indonesia Stock Exchange.
           and an offering price of Rp625 per share.                       • Agustus 2010 | August 2010
         • September 1997 | September 1997                                   Perseroan mengambil saham baru yang diterbitkan oleh
           Penawaran Umum Terbatas I sebanyak 1.050.000.000                  PT Bukit Jonggol Asri sebanyak 666.666.667 saham atau
           saham biasa.                                                      37,88%.
           Limited Public Offering I of 1,050,000,000 common stock.          The Company acquired new shares issued by PT Bukit Jonggol
         • Mei 2004 | May 2004                                               Asri a total of 666,666,667 shares or 37.88%.
           Bakrieland mengakuisisi 73,48% kepemilikan saham
           PT Bakrie Swasakti Utama.
           Bakrieland acquisitioned 73.48% of share ownership in
           PT Bakrie Swasakti Utama.
         • November 2005 | November 2005
           • Penawaran Umum Terbatas II sebanyak 4.200.000.000
             saham biasa.
                                                                           2011
           • Avenue Luxembourg Sarl membeli 12% kepemilikan                • Januari 2011 | January 2011
             saham dalam PT Bakrieland Development Tbk.                      Perseroan mengambil saham baru yang diterbitkan oleh
           • Limited Public Offering II of 4,200,000,000 common stock.       PT Bukit Jonggol Asri sebanyak 170.000.000 saham
           • Avenue Luxembourg Sarl purchased 12% share ownership            sehingga kepemilikan meningkat menjadi 43,36%.
             of PT Bakrieland Development Tbk.                               The Company acquired new shares issued by PT Bukit
         • April 2007 | April 2007                                           Jonggol Asri a total of 170,000,000 shares that its ownership
           Penawaran Umum Terbatas III sebanyak 14.000.000.000               increased to 43.36%.
           saham biasa.                                                    • September 2011 | September 2011
           Limited Public Offering III of 14,000,000,000 common shares       Perseroan mengambil saham baru yang diterbitkan oleh
         • Maret 2008 | March 2008                                           PT Bukit Jonggol Asri sebanyak 256.333.333 saham
           Penerbitan Obligasi I Bakrieland Development tahun 2008           sehingga kepemilikan meningkat menjadi 50%.
           dengan tingkat bunga tetap sebesar Rp500.000.000.000.             The Company acquired new shares issued by PT Bukit
           Issuance of Bakrieland Development’s Bond I of year 2008          Jonggol Asri a total of 256,333,333 shares that its ownership
           with a fixed interest rate of Rp500,000,000,000.                  increased to 50%.




28   Bakrieland Laporan Tahunan 2023
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Analisis dan Pembahasan Manajemen                Laporan Tata Kelola Perusahaan        Tanggung Jawab Sosial Perusahaan Terintegrasi/Laporan Keberlanjutan
Management Discussion and Analysis                Corporate Governance Report              Integrated Corporate Social Responsibility/Sustainability Report




2012-2015
• Desember 2012 | December 2012                                               • Juni 2014 | June 2014
  Perseroan melakukan divestasi dengan melepas seluruh kepemilikannya           Perseroan melalui Anak Perusahaan PT Bakrie Swasakti Utama
  di PT Lido Nirwana Parahyangan (d/h PT Fusion Plus Indonesia).                melakukan akuisisi 99,21% saham PT Mutiara Masyhur Sejahtera.
  The Company divested its total ownership in PT Lido Nirwana Parahyangan       The Company, through Subsidiary PT Bakrie Swasakti Utama,
  (formerly as PT Fusion Plus Indonesia).                                       acquisitioned 99.21% of shares in PT Mutiara Masyhur Sejahtera.
• April 2013 | April 2013                                                     • Oktober 2014 | October 2014
  Perseroan melalui PT Bakrie Infrastructure melakukan divestasi atas           Perseroan melalui Anak Perusahaan PT Graha Andrasentra
  100% kepemilikan saham pada PT Bakrie Toll Road (pengendali dari              Propertindo Tbk telah menyelesaikan divestasi 35% kepemilikan
  PT Semesta Marga Raya/pemegang konsesi jalan tol Kanci Pejagan).              saham pada PT Bukit Jonggol Asri kepada PT Sentul City Tbk dan
  The Company through PT Bakrie Infrastructure divested 100%                    PT Gili Tirta Anugrah.
  shareholding in PT Bakrie Toll Road (controller of PT Semesta Marga Raya/     The Company, through Subsidiary PT Graha Andrasentra Propertindo Tbk,
  concession holder of Kanci Pejagan toll road).                                completed its divestment of 35% shares ownership in PT Bukit Jonggol
• April 2013 | April 2013                                                       Asri to PT Sentul City Tbk and PT Gili Tirta Anugrah.
  Perseroan melalui PT Graha Andrasentra Propertindo Tbk melakukan            • Oktober 2014 | October 2014
  divestasi atas 15% kepemilikan saham pada PT Bukit Jonggol Asri.              Perseroan melalui Anak Perusahaan PT Graha Andrasentra
  The Company through PT Graha Andrasentra Propertindo Tbk divested its         Propertindo Tbk melakukan akuisisi 100% saham PT JungleLand Asia
  15% shareholding in PT Bukit Jonggol Asri.                                    dari PT Bukit Jonggol Asri dan PT Sentul City Tbk masing-masing
• Juli & Agustus 2013 | July & August 2013                                      sebesar 60% dan 40%.
  Perseroan melalui PT Bakrie Nirwana Semesta dan Sugilite Company              The Company, through Subsidiary PT Graha Andrasentra Propertindo Tbk,
  Limited melakukan divestasi atas 100% saham pada PT Bali Nirwana              acquisitioned 100% shares of PT JungleLand Asia from PT Bukit Jonggol
  Resort.                                                                       Asri and PT Sentul City Tbk each with 60% and 40% respectively.
  The Company, through PT Bakrie Nirwana Semesta and Sugilite Company         • Juni 2015 | June 2015
  Limited, divested 100% of its shares in PT Bali Nirwana Resort.               • Perseroan melakukan akuisisi saham PT Jasa Boga Raya dari
• Desember 2013 | December 2013                                                   PT Danatama Perkasa sebesar 85%.
  Perseroan melalui PT Bakrie Swasakti Utama melakukan divestasi aset           • Perseroan melalui Anak Perusahaan PT Bakrie Nirwana Semesta
  properti Epicentrum Walk Mall, yang merupakan pusat perbelanjaan                melakukan divestasi atas 100% saham PT Samudera Asia Nasional.
  dan hiburan yang berlokasi di kawasan Rasuna Epicentrum.                      • The Company acquired 85% of the shares of PT Jasa Boga Raya from
  The Company, through PT Bakrie Swasakti Utama, divested its property            PT Danatama Perkasa.
  asset of the Epicentrum Walk Mall, a shopping and entertainment center        • The Company through its Subsidiary PT Bakrie Nirwana Semesta
  located in the Rasuna Epicentrum area.                                          divested 100% of the shares of PT Samudera Asia Nasional.




2016-2022
• Juni 2016 | June 2016                                                         • The Company complied with the effective requirements of the
  Penawaran Umum Saham Perdana PT Graha Andrasentra                               restructuring scheme and submitted the completion notice to the
  Propertindo Tbk (Anak Perusahaan) yang dilakukan di Jakarta.                    Singapore High Courts.
  Initial Public Offering of PT Graha Andrasentra Propertinddo Tbk              • The Company distributed its warrants and 37.9% shares of PT Graha
  (Subsidiary)conducted in Jakarta.                                               Andrasentra Propertindo Tbk (GAP) through subsidiary PT Prima Bisnis
• November 2017 | November 2017                                                   Utama (PBU) to the creditors, as part of fulfilling the restructuring
  Skema restrukturisasi utang obligasi Perseroan senilai USD155 juta              scheme.
  disetujui melalui putusan Pengadilan Tinggi Singapura.                      • Maret 2018 | March 2018
  The Company’s bond debt restructuring scheme of USD155 million was            Penerbitan final notice dari Pengadilan Tinggi Singapura atas telah
  approved through a Singapore High Court ruling.                               terpenuhinya skema restrukturisasi yang menyatakan bahwa kreditor
• Januari 2018 | January 2018                                                   membebaskan Perseroan dari kewajiban dan segala jaminan.
  Perseroan mendapatkan persetujuan pemegang saham dalam Rapat                  Issuance of the final notice from the Singapore High Courts for the
  Umum Pemegang Saham Luar Biasa (RUPSLB) untuk menyelesaikan                   completion of the restructuring scheme which stated that the creditor
  skema restrukturisasi dan penerbitan sebanyak 2.518.461.951 waran             released the Company from obligations and all collaterals.
  melalui mekanisme penambahan modal tanpa Hak Memesan Efek                   • September 2019 | September 2019
  Terlebih Dahulu (HMETD).                                                      Perseroan melakukan divestasi mayoritas kepemilikan sahamnya
  The Company acquired the shareholders’ approval at the Extraordinary          dalam PT Bakrie Nirwana Semesta kepada PT Riverton Group.
  General Meeting of Shareholders (EGMS) to finalize the restructuring          The Company divested its majority share ownership in PT Bakrie Nirwana
  scheme and issuance of 2,518,461,951 warrants through the capital             Semesta to PT Riverton Group.
  increase mechanism without Pre-Emptive Rights (HMETD).                      • Desember 2022 | December 2022
• Februari 2018 | February 2018                                                 Perseroan melalui Unit Usaha, PT Graha Andrasentra Propertindo Tbk
  • Perseroan memenuhi syarat efektif skema restrukturisasi dan                 melepaskan 51,44% kepemilikan saham di PT Jungleland Asia (JLA)
    menyampaikan completion notice ke pengadilan tinggi Singapura.              kepada PT Adiprotek Envirodunia.
  • Perseroan melakukan distribusi atas waran perusahaan dan 37,9%              The Company, through Business Unit PT Graha Andrasentra Propertindo
    saham PT Graha Andrasentra Propertindo Tbk (GAP) melalui anak               Tbk, released 51.44% of its share ownership in PT Jungleland Asia (JLA)
    perusahaan PT Prima Bisnis Utama (PBU) kepada kreditor, sebagai             to PT Adiprotek Envirodunia.
    bagian dari pemenuhan skema restrukturisasi.




                                                                                                                   2023 Annual Report Bakrieland          29
Page 32
          Kilas Kinerja                Profil Perusahaan    Laporan Manajemen   Unit Pendukung Bisnis
     Performance Highlights             Corporate Profile   Management Report    Business Support Unit




     Visi dan Misi
     Vision and Mission




                         Visi Vision
                         Menjadi perusahaan properti terintegrasi
                         yang terdepan di Indonesia.
                         To be a leading integrated property
                         company in Indonesia.




30   Bakrieland Laporan Tahunan 2023
Page 33
Analisis dan Pembahasan Manajemen    Laporan Tata Kelola Perusahaan   Tanggung Jawab Sosial Perusahaan Terintegrasi/Laporan Keberlanjutan
Management Discussion and Analysis    Corporate Governance Report         Integrated Corporate Social Responsibility/Sustainability Report




           Misi Mission
           Mewujudkan living products berkualitas dan
           terintegrasi bagi bangsa melalui
           pemanfaatan kompetensi internal dan mitra
           bisnis dengan cara yang menjunjung tinggi
           keberlanjutan finansial dan lingkungan.

           Delivering integrated quality living products for
           the nation that leverage our competencies and
           development partners in a way that upholds
           financial and environmental sustainability.




                                                                                                2023 Annual Report Bakrieland            31
Page 34
          Kilas Kinerja                Profil Perusahaan              Laporan Manajemen                    Unit Pendukung Bisnis
     Performance Highlights             Corporate Profile             Management Report                     Business Support Unit




     Nilai dan Budaya Perusahaan
     Values and Corporate Culture


                                          BUDAYA PERUSAHAAN
                                           CORPORATE CULTURE



         Kewirausahaan, Kekeluargaan
              dan Profesionalisme                 Pelayanan Berkualitas Terbaik                         Inovasi
         Entrepreneurship, Togetherness              Excellent Service Quality                        Innovation
               and Professionalism




                                                                            Selalu menjunjung tinggi nilai-nilai kejujuran,
                                                     Integritas             loyalitas dan objektivitas.
                                                      Integrity             Always upholding the value of honesty,
                                                                            loyalty and objectivity.


                                                       Disiplin             Teguh dalam bekerja.
                                                       Dicipline            Tenacious at work.
        TATA NILAI




                                                                            Selalu mengeluarkan ide-ide baru demi
          VALUES




                                                      Inovatif              memenangkan persaingan usaha.
                                                     Innovative             Always proposing new ideas to win the business
                                                                            competition.


                                             Saling Menghormati             Menjunjung tinggi nilai-nilai kemanusiaan.
                                              Respect Each other            Following the values of humanity.


                                                                            Peka atas kebutuhan pelanggan dan bereaksi
                                                     Responsif              secara cepat dan tepat.
                                                     Responsive             Sensitive to customers’ needs and reacting
                                                                            rapidly and properly.


                                                      Adaptif               Mampu mengikuti perkembangan dunia usaha.
                                                      Adaptive              Able to follow the development of the business world.



                                          Jaringan & Kerja Sama             Jaringan yang luas dan kerja sama yang erat.
                                        Networking and Team Work            Extending networks and strengthening collaboration.




32   Bakrieland Laporan Tahunan 2023
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Analisis dan Pembahasan Manajemen           Laporan Tata Kelola Perusahaan    Tanggung Jawab Sosial Perusahaan Terintegrasi/Laporan Keberlanjutan
Management Discussion and Analysis           Corporate Governance Report          Integrated Corporate Social Responsibility/Sustainability Report




Bidang Usaha
Line of Business
Kegiatan Usaha Berdasarkan Anggaran                                   Business Activities Based on Most
Dasar Terakhir                                                        Recent Articles of Association
Berdasarkan perubahan Anggaran Dasar terakhir yang                    Based on the last amended Articles of Association as stated
dituangkan dalam Akta No. 4 yang dibuat oleh Aulia Taufani, S.H.,     in Deed No. 4 made before Aulia Taufani, S.H., MKn, a Notary
MKn, Notaris di Jakarta, tanggal 1 September 2021, Perseroan          in Jakarta, dated 1 September 2021, the Company performs
menjalankan kegiatan usaha di bidang properti. Kegiatan usaha         business activities in the property sector. The Company’s
Perseroan, meliputi pembangunan, perdagangan dan jasa yang            business activities encompass development, trading and services
berhubungan dengan real estate, properti dan infrastruktur.           related to real estate, property and infrastructure.


Kegiatan Usaha Dijalankan Selama                                      Business Activities Conducted During
Tahun Buku 2023                                                       the Year 2023
Hingga tahun buku yang berakhir pada 31 Desember 2023,                Until the fiscal year which ended on 31 December 2023, the
Perseroan masih menjalankan seluruh kegiatan usahanya sesuai          Company remained with continuing all business activities as
yang tertera di dalam Anggaran Dasar.                                 stated in the Articles of Association.


Produk dan/atau Jasa Dihasilkan                                       Products and/or Services Generated
Perseroan mengembangkan kawasan dengan berbagai portfolio             The Company develops areas with various property product
produk properti di bidang perumahan, hotel, mal, apartemen,           portfolios in the housing, hotel, mall, apartment, office,
perkantoran, taman rekreasi, dan property management.                 amusement park, and property management sectors.




                                                                                                        2023 Annual Report Bakrieland            33
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             Kilas Kinerja                         Profil Perusahaan                        Laporan Manajemen                 Unit Pendukung Bisnis
        Performance Highlights                      Corporate Profile                       Management Report                  Business Support Unit




       Wilayah Operasional
       Areas of Operation




                                              Lampung                   Jakarta


                                                                                                                              Sidoarjo
                                                  Bogor           Sentul




                                                                                          Yogyakarta




                                                        Jakarta

                                                        Rasuna Epicentrum                                       Provices Group
                                                        PT Bakrie Swasakti Utama                                PT ProVices Indonesia
     Bogor                                              Kawasan pengembangan di area CBD Kuningan
                                                        seluas 53,5 Ha, merupakan proyek superblock
                                                                                                                Memfokuskan bisnisnya pada
                                                                                                                jasa pengelolaan properti
                                                        pertama, terbesar dan terlengkap di Jakarta             (property management).
     Bogor Nirwana Residence                            yang terdiri dari Apartemen, Perkantoran,
                                                        Komersial, Hotel dan Pusat Kebugaran.                   Focuses its business on property
     PT Graha Andrasentra                                                                                       management services.
     Propertindo Tbk                                    A 53.5 Ha development area in Kuningan CBD, the
     Kawasan pengembangan seluas                        first, largest and most complete superblock project
     ±300 Ha untuk proyek perumahan                     in Jakarta consisting of Apartments, Offices,
     menengah-atas di pusat kota Bogor,                 Commercial, Hotels & Fitness Centers.                   Wisma Bakrie
     Jawa Barat, yang dilengkapi area                                                                           PT Bakrie Swasakti Utama
     komersial, Aston Bogor Hotel &
     Resort dan taman rekreasi (The Jungle                                                                      Area perkantoran yang terdiri
     Waterpark dan Rivera Outbound &                                                                            dari 2 gedung dengan luas area
     Edutainment ) secara terintegrasi.                 Sentra Timur Residence                                  sewa mencapai 25.157 m2.
                                                        PT Bakrie Pangripta Loka
     A ±300 Ha of integrated development                                                                        2 office buildings with rental
     area allocated for middle-high-end                 Kawasan proyek Rusunami yang berlokasi di               space up to 25,157 sqm.
     residential projects in city-center of             kawasan Pulogebang, Jakarta Timur dengan
     Bogor, West Java, equipped with                    total mencapai 7 menara yang sudah dibangun.
     commercial compounds, Aston Bogor
     Hotel & Resort and amusement park                  Rusunami project (low-cost apartment) compounds
     (The Jungle Waterpark and Rivera                   located in the Pulogebang area, East Jakarta with 7
     Outbound & Edutainment).                           towers built to date.




34      Bakrieland Laporan Tahunan 2023
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Analisis dan Pembahasan Manajemen               Laporan Tata Kelola Perusahaan      Tanggung Jawab Sosial Perusahaan Terintegrasi/Laporan Keberlanjutan
Management Discussion and Analysis               Corporate Governance Report            Integrated Corporate Social Responsibility/Sustainability Report




    Sentul                                            Lampung                                           Yogyakarta
    PT Jasa Boga Raya                                 Kalianda Nirwana Resort                           Awana
    Perusahaan yang bergerak dalam                    PT Krakatau Lampung                               PT Graha Multi Insani
    usaha tata boga dengan outlet                     Tourism Development                               Terletak di pusat kota Yogyakarta,
    di JungleLand dan The Jungle                                                                        The Alana Hotel and Conference
    Waterpark, serta jasa katering yang               Merupakan kawasan resor dan
                                                                                                        Center Malioboro memiliki 296 unit
    memiliki pilihan menu nusantara                   rekreasi terpadu yang berlokasi di
                                                                                                        kamar hotel dan 38 unit townhouse
    maupun manca negara.                              Kalianda, Lampung Selatan seluas 20
                                                                                                        di lahan seluas 1,8 Ha.
                                                      Ha di dalam kawasan Kalianda Nirwana
    A catering business company with                  Resort yang mengelola total luas area
                                                                                                        Situated in the town-center of
    outlets in the JungleLand and The                 350 Ha.
                                                                                                        Yogyakarta, The Alana Hotel and
    Jungle Waterpark, as well as catering                                                               Conference Center Malioboro
    services with a wide range of local and           An integrated resort and recreation
                                                                                                        holds 296 hotel rooms and 38
    international menu.                               compound of 20 Ha located in Kalianda,
                                                                                                        townhouse units within a 1.3 Ha
                                                      South Lampung, within the Kalianda
                                                                                                        land area.
                                                      Nirwana Resort area that managed a
                                                      total vast area of 350 Ha.




  Sidoarjo
                               Kahuripan Nirwana
                               PT Mutiara Masyhur Sejahtera
                               Pengembangan Township yang terletak di Kota Sidoarjo, Jawa Timur dengan masterplan seluas ±634 Ha.
                               Township development located in Sidoarjo City, East Java with a masterplan of ±634 Ha.




                                                                                                              2023 Annual Report Bakrieland            35
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          Kilas Kinerja                      Profil Perusahaan                                 Laporan Manajemen                                      Unit Pendukung Bisnis
     Performance Highlights                   Corporate Profile                                Management Report                                       Business Support Unit




     Struktur Perusahaan
     Company Structure

      PT Bakrieland Development Tbk

           Limitless World International
           Services 6 Limited            100,00%

           PT Superwish Perkasa        69,99%      1


           PT Bumi Daya Makmur         69,99%      2


           PT Bakrie Swasakti Utama    69,63%      3       PT Bakrie Pangripta Loka                   26,00%       4



                                                           PT Bakrie Pesona Rasuna                    98,80%

                                                           PT Graha Multi Insani                      99,20%       5


                                                           PT Rasuna Residence Development                      99,91% 6




                                                           PT Provices Indonesia                 99,99%                             PT Provices Karya Mandiri                  96,00%

                                                                                                                                    PT Provices Lintas Mandiri                 99,95%

                                                                                                                                    PT Provices Prima Mandiri                  99,26%

                                                                                                                                    PT Provices Total Mandiri                  99,93%

                                                           PT Mutiara Masyhur Sejahtera 2,92% 7                                     PT Maju Makmur Sejahtera                   99,00%

                                                                                                                                    PT Nugraha Adhikarsa                       99,00%
                                                                                                                                    Pratama

                                                                                                                                    PT Inti Permata Sejati                     99,00%

                                                                                                                                    PT Mitra Langgeng                          99,01%
                                                                                                                                    Sejahtera

                                                                                                                                    PT Megah Djati Karya                       99,00%


           BLD Investment Pte, Ltd     100,00%             BLD Asia Pte. Lte                    100,00%

           PT Jasa Boga Raya           85,00%

           PT Surya Global Nusantara   99,99%      8       PT Graha Andrasentra                 38,76%                              PT Andrasentra                             99,99%
                                                           Propertindo Tbk                                                          Properti Services
                                                          1. Melalui Limitless World International Services-6 Limited 30% melalui PT Bakrie Swasakti Utama 0,01%
           PT Prima Bisnis Utama       99,81%      9      2. Melalui Limitless World International Services-6 Limited 30% melalui PT Bakrie Swasakti Utama 0,01%
                                                          3. Melalui Limitless World International Services-6 Limited 30%
                                                          4. Melalui PT Bakrie Swasakti Utama 74%
           PT Citrasaudara Abadi       99,99% 10
                                                          5. Melalui PT Superwish Perkasa 0,8%
                                                          6. Melalui PT Graha Multi Insani 0,09%
           PT Bahana Sukma Sejahtera   99,96% 11          7. Melalui PT Bakrie Swasakti Utama 36,89%, PT Bumi Daya Makmur 17,2%, PT Superwish Perkasa 42,2%
                                                          8. Melalui PT Jasa Boga Raya 0,01%
                                                          9. Melalui PT Jasa Boga Raya 0,09%
           PT Bakrie Nirwana Realty    99,99% 12          10. Melalui PT Jasa Boga Raya 0,01%
                                                          11. Melalui PT Jasa Boga Raya 0,04%
           PT Krakatau Lampung                            12. Melalui PT Citrasaudara Abadi 0,01%
           Tourism Development          99,88%            1. Ownership of Limitless World International Services 6 Limited is 30% and through PT Bakrie Swasakti Utama 0.01%
                                                          2. Ownership of Limitless World International Services 6 Limited is 30% and through PT Bakrie Swasakti Utama 0.01%
                                                          3. Ownership of Limitless World International Services-6 Limited 30%
           PT Bumi Sentra Investama     99,99%            4. Ownership of PT Bakrie Swasakti Utama 74%
                                                          5. Ownership of PT Superwish Perkasa 0.8%
                                                          6. Ownership of PT Graha Multi Insani 0.09%
                                                          7. Through PT Bakrie Swasakti Utama 36,89%, PT Bumi Daya Makmur 17.2%, PT Superwish Perkasa 42.2%
                                                          8. Ownership of PT Jasa Boga Raya 0.01%
                                                          9. Ownership of PT Jasa Boga Raya 0,09%
                                                          10. Ownership of PT Jasa Boga Raya 0.01%
                                                          11. Ownership of PT Jasa Boga Raya 0.04%
                                                          12. Ownership of PT Citrasaudara Abadi 0.01%




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Analisis dan Pembahasan Manajemen                   Laporan Tata Kelola Perusahaan   Tanggung Jawab Sosial Perusahaan Terintegrasi/Laporan Keberlanjutan
Management Discussion and Analysis                   Corporate Governance Report         Integrated Corporate Social Responsibility/Sustainability Report




Struktur Organisasi
Organizational Structure




                                                             SHAREHOLDERS’
                                                                MEETING
                                                                                                                               Audit
                                                                                                                             Committee
                                                                                            BOARD OF
                                                                                          COMMISSIONERS
                                                                                                                           Nomination &
                                                                                                                           Remuneration
                                                                                                                            Committee

                                                           PRESIDENT DIRECTOR & CEO
                                                               Ambono Janurianto




                       Director                                                                 Director
                       Fandrizal                                                               Djafarullah


      Corporate Finance &            Corporate
           Treasury                 Accounting                   Corporate Affairs            Corporate Risk              Corporate Secretary
                                                                 Nuzirman Nurdin              Management &                  Harsya Novwan
          Ika Atikah               Lussye Elanika                                              Compliance
                                                                                               Erry Zul Amri
                                                                                                 Djaelani
                                                                Corporate Investor                                         Corporate Legal
          Corporate                Management                       Relations
           Finance                  Reporting                                                                              Harsya Novwan
                                                                 Nuzirman Nurdin

                                                                                            Corporate Business
                                                                                              Development                 Corporate Human
          Corporate                                                                           Mayang Dewi I.                   Capital
                                      Budget                                                                             Handoko N. Soetrisno
           Treasury

                                                                                            Corporate Strategic           Corporate Internal
                                                                                               Management                       Audit
                                        Tax                                                   Yudistira Adi P.               Deri Meidian



                                                                                                 Corporate
                                                                                                Information
                                    Accounting                                                   Technology




                                                                 Keterangan | Notes:

                                                                       Directorate

                                                                       Division

                                                                       Department




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          Kilas Kinerja                       Profil Perusahaan                   Laporan Manajemen                  Unit Pendukung Bisnis
     Performance Highlights                    Corporate Profile                  Management Report                   Business Support Unit




     Keanggotaan dalam Asosiasi
     Membership in Associations

                          Unit Usaha                                       Nama Asosiasi
      No                                                                                                                     Status
                         Business Unit                                   Name of Association
     Mal Mall
       1        Plaza Festival                         Asosiasi Pengelola Pusat Belanja Indonesia (APPBI)                    Anggota
                                                       Indonesia Shopping Center Management Association (APPBI)              Member
     Taman Rekreasi Amusement Park
       1        The Jungle Waterpark                   • Internasional Association Amusement Parks and                       Anggota
                                                         Attractions (IAAPA)                                                 Member
       2        Rivera Outbound & Edutainment          • Asosiasi Rekreasi Keluarga Indonesia (ARKI)
                                                       • Perhimpunan Usaha Taman Rekreasi Indonesia (PUTRI)
                                                         khusus untuk the Jungle Waterpark
                                                       • International Association of Amusement Parks and
                                                         Attractions (IAAPA)
                                                       • Indonesia Family Recreation Association (ARKI)
                                                       • Indonesia Recreation Park Business Association,
                                                         specifically for the Jungle Waterpark
     Hotel
       1        The Groves Suites                      Hotel Human Resources Manager Association (HHRMA)                   Pengurus
                                                       Jakarta                                                            Management
       2        Grand Elty Krakatoa Resort             Indonesia Hotel General Manager Association (IHGMA),                  Anggota
                                                       Lampung                                                               Member
                                                       Perhimpunan Hotel & Restoran Indonesia (PHRI) Lampung                 Anggota
                                                       Indonesia Hotel & Restaurant Association (PHRI), Lampung              Member
       3        Horison Suites & Residences            Perhimpunan Hotel & Restoran Indonesia (PHRI) Jakarta                 Anggota
                Rasuna Jakarta                         Indonesia Hotel & Restaurant Association (PHRI), Jakarta              Member
       4        Aston Bogor                            Perhimpunan Hotel & Restoran Indonesia (PHRI) Bogor                   Anggota
                                                       Indonesia Hotel & Restaurant Association (PHRI), Bogor                Member
       5        The Alana Malioboro                    Perhimpunan Hotel & Restoran Indonesia (PHRI) Yogyakarta              Anggota
                                                       Indonesia Hotel & Restaurant Association (PHRI), Yogyakarta           Member
                                                       Indonesia Hotel General Manager (IHGMA) Yogyakarta                    Anggota
                                                       Indonesia Hotel General Manager Association (IHGMA),                  Member
                                                       Yogyakarta
       6        Swiss-Belresidences                    Perhimpunan Hotel & Restoran Indonesia (PHRI) Jakarta               Pengurus
                Rasuna Epicentrum                      Indonesian Hotel & Restaurant Association (PHRI) Jakarta           Management
                                                       Asosiasi Hospitality Leader Indonesia (AHLI)                        Pengurus
                                                       Indonesia Hospitality Leader Association (AHLI)                    Management
     Manajemen Properti Property Management
       1        Provices Indonesia                     Building Owners & Managers Association (BOMA) Chapter                 Anggota
                                                       Indonesia                                                             Member
                                                       Building Owners & Managers Association (BOMA), Indonesia
                                                       Chapter




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Analisis dan Pembahasan Manajemen              Laporan Tata Kelola Perusahaan        Tanggung Jawab Sosial Perusahaan Terintegrasi/Laporan Keberlanjutan
Management Discussion and Analysis              Corporate Governance Report              Integrated Corporate Social Responsibility/Sustainability Report




Profil Dewan Komisaris
Board of Commissioners Profile


                                                           Bambang Irawan Hendradi
                                                           Presiden Komisaris I President Commissioner
                                                           Kewarganegaraan             Indonesia
                                                           Citizenship
                                                           Usia                        73 Tahun
                                                           Age                         73 Years
                                                           Domisili                    Jakarta
                                                           Domicile




 Dasar Pengangkatan       Keputusan RUPS Tahunan tanggal 28 Juni 2002 dan diangkat The Annual GMS Resolution dated 28 June 2002 and
 Basis of Appointment     kembali sebagai Presiden Komisaris pada RUPS Tahunan reappointed as President Commissioner at the Annual GMS
                          tanggal 21 Juli 2022.                                    on 21 July 2022.
 Riwayat Pendidikan       Sarjana Teknik Sipil Universitas Trisakti, Jakarta (1977) dan lulus Bachelor’s degree in Civil Engineering from Universitas
 Education History        dari Technische Hoge School, Delft, The Netherlands (1981).         Trisakti, Jakara (1977) and graduated from Techninsche
                                                                                              Hoge School, Delft, The Netherlands (1981).
 Riwayat Jabatan          Beliau pernah menjabat sebagai Komisaris Utama                    He served as President Commissioner of PT Minarak
 Position History         PT Minarak Brantas Gas (2019-2021), Komisaris Utama               Brantas Gas (2019-2021), President Commissioner of
                          PT Graha Andrasentra Propertindo Tbk (2014-2017), Komisaris       PT Graha Andrasentra Propertindo Tbk (2014-2017),
                          PT Bakrie Finance Corporation (2000- 2004), Komisaris PT Bumi     Commissioner of PT Bakrie Finance Corporation (2000-
                          Resources Tbk (1997-2003), Direktur PT Bakrie Capital Indonesia   2004), Commissioner of PT Bumi Resources Tbk (1997-
                          (1997-2002), Direktur Utama PT Bakrieland Development Tbk         2003), Director of PT Bakrie Capital Indonesia (1997-
                          (1997-2002), Managing Director PT Catur Swasakti Utama (1994-     2002), President Director of PT Bakrieland Development
                          1996), Deputy Director Development PT Catur Swasakti Utama        Tbk (1997-2002), Managing Director of PT Catur Swasakti
                          (1992-1994), Deputy Coordinator Directorate Property & Leisure    Utama (1994-1996), Deputy Director of Development of
                          PT Bakrie Nusantara Corporation (1991-1992), Project Manager      PT Catur Swasakti Utama (1992-1994), Deputy Coordinator
                          Directorate Property & Leisure PT Bakrie Nusantara Corporation    of Property & Leisure Directorate of PT Bakrie Nusantara
                          (1990- 1991), Direktur PT Sanggraha Pelita Jaya (1989-1991),      Corporation (1991-1992), Project Manager of Property &
                          Project Manager Rehabilitasi Stadion Lebak Bulus (1988-           Leisure Directorate of PT Bakrie Nusantara Corporation
                          1989), Project Manager Pusat Pelatihan PS Pelita Jaya Tahap I     (1990-1991), Director of PT Sanggraha Pelita Jaya (1989-
                          B (1987-1989), Direktur Utama Pusat Pelatihan PS Pelita Jaya      1991), Project Manager Lebak Bulus Rehabilitation
                          Tahap I A & Diklat Pelita Jaya (1986-1987), Direktur Keuangan     Stadium (1988-1989), Project Manager of PS Pelita Jaya
                          PT Pillar Abhimantra (1986-1989), Project Manager Bungalow &      Stage I B Training Center (1987-1989), President Director
                          Club House Cibulan, Jawa Barat (1985-1986), Direktur Utama        of PS Pelita Jaya Tahap I A & Pelita Jaya Training Center
                          PT Djarot (1984-1988), Executive Secretary Chairman               (1986-1987), Finance Director of PT Pillar Abhimantra
                          Rigunas Group (1982- 1984), Vice President PT Anugerah            (1986-1989), Project Manager of Cibulan Bungalow &
                          Saraswati (1983-1985), Komisaris PT Djarot (1977-1983),           Club House, West Java (1985-1986), Prsident Director
                          Operation Manager - Home Delivery Service PT Adirama              of PT Djarot (1984-1988), Executive Secretary to
                          (1975), Direktur Utama PT Djarot (1974-1976) dan Part Time        Chairman of Rigunas Group (1982-1984), Vice President
                          PT Indohero (1973-1974).                                          of PT Anugerah Saraswati (1983-1985), Commissioner of
                                                                                              PT Djarot (1977-1983), Operation Manager - Home
                                                                                            Delivery Service PT Adirama (1975), President Director
                                                                                            of PT Djarot (1974-1976) and Part-Time Employee of
                                                                                            PT Indohero (1973-1974).

 Rangkap Jabatan          Saat ini, beliau juga menjabat sebagai Direktur Utama             Concurrently, he also serves as President Director of
 Concurrent Position      PT Minarak Brantas Gas (sejak Januari 2021), Komisaris            PT Minarak Brantas Gas (since January 2021), President
                          Utama PT Gaia Energi Baik (sejak 2016), Anggota Pembina           Commissioner of PT Gaia Energi Baik (since 2016),
                          Yayasan Pendidikan Bakrie (sejak 2005) dan Komisaris              Trustee Member of Bakrie Education Foundation (since
                          PT Bakrie Capital Indonesia (sejak Juli 2008).                    2005) and Commissioner of PT Bakrie Capital Indonesia
                                                                                            (since July 2008).
 Hubungan Afiliasi        Beliau tidak memiliki hubungan afiliasi dengan anggota Dewan He has no affiliation with other members of the Board of
 Affiliation              Komisaris lainnya dan anggota Direksi. Namun, beliau terafiliasi Commissioners or members of the Board of Directors.
 Relationship             dengan pemegang saham pengendali.                                However, he is affiliated with the controlling shareholder.




                                                                                                                  2023 Annual Report Bakrieland          39
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          Kilas Kinerja                       Profil Perusahaan                      Laporan Manajemen                           Unit Pendukung Bisnis
     Performance Highlights                    Corporate Profile                     Management Report                            Business Support Unit




     Profil Dewan Komisaris
     Board of Commissioners Profile




                                                              Armansyah Yamin
                                                              Komisaris I Commissioner
                                                              Kewarganegaraan            Indonesia
                                                              Citizenship
                                                              Usia                       71 Tahun
                                                              Age                        71 Years
                                                              Domisili                   Jakarta
                                                              Domicile




     Dasar Pengangkatan       Keputusan RUPS Luar Biasa tanggal 9 Juni 2011 dan diangkat The Extraordinary GMS resolution dated 9 June 2011 and
     Basis of Appointment     kembali sebagai Komisaris pada RUPS Tahunan tanggal 21 Juli reappointed as Commissioner at the Annual GMS on 21 July
                              2022.                                                       2022.
     Riwayat Pendidikan       Akademi Penerbangan Indonesia, Jakarta (1972), Instructor       Indonesian Aviation Academy, Jakarta (1972), Instructor
     Education History        and Test Pilot Program British Aerospace, Manchester, Inggris   and Test Pilot Program of British Aerospace, Manchester,
                              (1976), Airline Management Course Philippine Airlines,          UK (1976), Airline Management Course of Philippine
                              Philippine University, Manila (1978) dan Institute Commodity    Airlines, Philippine University, Manila (1978) and Institute of
                              of London, Inggris (1986-1987).                                 Commodity of London, UK (1986-1987).
     Riwayat Jabatan          Beliau pernah menjabat sebagai Komisaris PT Bakrie &            He served as Commissioner of PT Bakrie & Brothers
     Position History         Brothers Tbk (2009-2022), Presiden Komisaris PT Bakrie          Tbk (2009-2022), President Commissioner of PT Bakrie
                              Swasakti Utama (2011-2015), Komisaris Utama PT Graha            Swasakti Utama (2011-2015), President Commissioner
                              Andrasentra Propertindo Tbk (2011-2014), Direktur Utama         of PT Graha Andrasentra Propertindo Tbk (2011-2014),
                              PT Arm & Ken Investment (2007-2011), Direktur Utama Perusda     President Director of PT Arm & Ken Investment (2007-
                              Bersujud, Kalimantan Selatan (2003-2007), Komisaris Utama       2011), President Director of Perusda Bersujud, South
                              PT Asuransi Ikrar Lloyd (1998-2002), Vice President Director    Kalimantan (2003-2007), President Commissioner of
                              Bakrie Trading (1993-1998), Managing Director Lewis & Peat      PT Asuransi Ikrar Lloyd (1998-2002), Vice President Director
                              International, Singapore (1991-1993), Head of Representative    of Bakrie Trading (1993-1998), Managing Director of Lewis
                              Mindo Commodity Europe, Hamburg, Jerman (1987-1991),            & Peat International, Singapore (1991-1993), Head of
                              Special Project Manager PT Bakrie & Brothers (1985-1986) dan    Representative of Mindo Commodity Europe, Hamburg,
                              PT Bouraq Indonesia Airlines (1973-1984).                       Jerman (1987-1991), Special Project Manager of PT Bakrie
                                                                                              & Brothers (1985-1986) and PT Bouraq Indonesia Airlines
                                                                                              (1973-1984).

     Rangkap Jabatan          Saat ini, beliau juga menjabat sebagai Komisaris Utama          Concurrently he also serves as President Commissioner of
     Concurrent Position      PT Bakrie & Brothers Tbk (sejak Juli 2022), Komisaris           PT Bakrie & Brothers Tbk (since July 2022), Commissioner
                              PT Krakatau Lampung Tourism Development (sejak 2018) dan        of PT Krakatau Lampung Tourism Development (since 2018)
                              Komisaris Utama PT Bakrie Nirwana Semesta (sejak 2015).         and President Commissioner of PT Bakrie Nirwana Semesta
                                                                                              (since 2015).
     Hubungan Afiliasi        Beliau tidak memiliki hubungan afiliasi dengan anggota Dewan No affiliation with other members of the Board of
     Affiliation              Komisaris lainnya, anggota Direksi dan pemegang saham Commissioners, members of the Board of Directors and
     Relationship             utama/pengendali.                                            major/controlling shareholders.




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Analisis dan Pembahasan Manajemen            Laporan Tata Kelola Perusahaan      Tanggung Jawab Sosial Perusahaan Terintegrasi/Laporan Keberlanjutan
Management Discussion and Analysis            Corporate Governance Report            Integrated Corporate Social Responsibility/Sustainability Report




                                                            Kanaka Puradiredja
                                                            Komisaris Independen I Independent Commissioner
                                                            Kewarganegaraan            Indonesia
                                                            Citizenship
                                                            Usia                       79 Tahun
                                                            Age                        79 Years
                                                            Domisili                   Bogor
                                                            Domicile




    Dasar Pengangkatan       Pengangkatan pertama kali sebagai Komisaris Independen        First appointment as Independent Commissioner of the
    Basis of Appointment     Perseroan berdasarkan Keputusan RUPS Luar Biasa tanggal       Company was based on the Extraordinary GMS Resolution
                             19 Desember 2008 dan diangkat kembali sebagai Komisaris       dated 19 December 2008 and reappointed as Independent
                             Independen pada RUPS Tahunan tanggal 21 Juli 2022.            Commissioner at the Annual GMS on 21 July 2022.
    Riwayat Pendidikan       Beliau menyelesaikan pendidikan jurusan Akuntansi, Fakultas He completed his studies in Accounting from the Faculty of
    Education History        Ekonomi, Universitas Padjadjaran, Bandung.                  Economics, Universitas Padjadjaran, Bandung.
    Riwayat Jabatan          Beliau mempunyai pengalaman lebih dari 30 tahun sebagai       With the experience of more than 30 years as Public
    Position History         Akuntan Publik, pernah menjabat sebagai Managing Partner      Accountant, he served as Managing Partner and Chairman
                             dan Chairman KPMG Indonesia, Senior Partner pada KAP          of KPMG Indonesia, Senior Partner in Kanaka Puradiredja,
                             Kanaka Puradiredja, Suhartono, Ketua Majelis Kehormatan       Suhartono Public Accounting Firm (KAP), Chairman of the
                             Ikatan Akuntan Indonesia (IAI) Ketua Dewan Pengurus dan       Honorary Council of the Indonesian Institute of Accountants
                             Kehormatan Ikatan Komite Audit Indonesia (IKAI), anggota      (IAI) Chairman of the Executive Honorary Board of the
                             Komite Nasional Kebijakan Governance (KNKG) dan Ketua Tim     Indonesian Audit Committee Association (IKAI), member of
                             Perumus Pedoman Governansi Korporate Indonesia 2019.          the National Committee on Governance Policy (KNKG) and
                                                                                           Chairman of the Formulation Team of the 2019 Indonesian
                                                                                           Corporate Governance Guidelines.

    Rangkap Jabatan          Saat ini, beliau juga menjabat sebagai Ketua Badan Pengurus   Concurrently he also serves as Chairman of the Executive
    Concurrent Position      Lembaga Komisaris dan Direktur Indonesia (LKDI), anggota      Board of the Indonesian Institute of Commissioners and
                             Dewan Pakar Komite Nasional Kebijakan Governance (KNKG),      Directors (LKDI), member of the Expert Council of the
                             anggota Dewan Kehormatan Professional in Risk Management      National Committee on Governance Policy (KNKG), member
                             Association, Ketua Dewan Sertifikasi Ikatan Komite Audit      of Honorary Board of the Professional in Risk Management
                             Indonesia (IKAI), serta ketua dan anggota Komite Audit di     Association, Chairman of the Certification Board of the
                             berbagai perusahaan publik.                                   Indonesian Audit Committee Association (IKAI), as well as
                                                                                           Chairman and Member of the Audit Committee in various
                                                                                           public companies.
    Hubungan Afiliasi        Beliau tidak memiliki hubungan afiliasi dengan anggota Dewan No affiliation with other members of the Board of
    Affiliation              Komisaris lainnya, anggota Direksi dan pemegang saham Commissioners, members of the Board of Directors and
    Relationship             utama/pengendali.                                            major/controlling shareholders.




                                                                                                             2023 Annual Report Bakrieland               41
Page 44
          Kilas Kinerja                        Profil Perusahaan                         Laporan Manajemen                         Unit Pendukung Bisnis
     Performance Highlights                     Corporate Profile                        Management Report                          Business Support Unit




     Profil Direksi
     Board of Directors Profile



                                                                Ambono Janurianto
                                                                Presiden Direktur I President Director
                                                                Kewarganegaraan              Indonesia
                                                                Citizenship
                                                                Usia                         64 Tahun
                                                                Age                          64 Years
                                                                Domisili                     Jakarta
                                                                Domicile




     Dasar Pengangkatan       Diangkat sebagai Presiden Direktur berdasarkan Keputusan Appointed as President Director based on the Annual GMS
     Basis of Appointment     RUPS Tahunan tanggal 7 Juni 2012 dan diangkat kembali Resolution dated 7 June 2012 and reappointed based on
                              berdasarkan Keputusan RUPS Tahunan tanggal 21 Juli 2022. the Annual GMS Resolution dated 21 July 2022.
     Riwayat Pendidikan       Sarjana Ekonomi di Universitas Katolik Parahyangan, Bandung Bachelor’s degree in Economics from Universitas Katolik
     Education History        (1986).                                                     Parahyangan, Bandung (1986).
     Riwayat Jabatan          Beliau pernah menjabat sebagai Presiden Komisaris PT Bakrie         He served as President Commissioner of PT Bakrie Swasakti
     Position History         Swasakti Utama (2015-Desember 2023), Direktur Utama                 Utama (2015-December 2023), President Director of
                              PT Graha Andrasentra Propertindo Tbk (2021-2022), Komisaris         PT Graha Andrasentra Propertindo Tbk (2021-2022),
                              Utama PT Graha Andrasentra Propertindo Tbk (2017-2021),             President Commissioner of PT Graha Andrasentra
                              Komisaris PT Bakrie Telecom (2003-2015), Direktur Utama             Propertindo Tbk (2017-2021), Commissioner of PT Bakrie
                              PT Bakrie Sumatera Plantations Tbk (2000-2012), Direktur            Telecom (2003-2015), President Director of PT Bakrie
                              Utama PT Bakrie Power (2006-2008), Direktur Utama                   Sumatera Plantations Tbk (2000-2012), President Director
                              PT Tanjung Jati Power Company (2005-2008), Direktur                 of PT Bakrie Power (2006-2008), President Director of
                              PT Bakrie & Brothers Tbk (2005-2008), Direktur PT Bakrie            PT Tanjung Jati Power Company (2005-2008), Director of
                              Power (2005-2006), Direktur PT Bakrie & Brothers Tbk (2002-         PT Bakrie & Brothers Tbk (2005-2008), Director of PT Bakrie
                              2004), Direktur PT Bakrie Sumatera Plantations Tbk (1999-           Power (2005-2006), Director of PT Bakrie & Brothers Tbk
                              2000), Finance-Accounting & Tax General Manager PT Satelit          (2002-2004), Director of PT Bakrie Sumatera Plantations Tbk
                              Palapa Indonesia (1998-1999), Finance & Administration              (1999-2000), Finance-Accounting & Tax General Manager
                              Director PT Sony Music Entertainment Indonesia (1997-1998),         of PT Satelit Palapa Indonesia (1998-1999), Finance &
                              Finance Controller PT Motorola Indonesia Starpage Joint             Administration Director of PT Sony Music Entertainment
                              Venture (1995-1997), Finance & Admin Manager PT Philips             Indonesia (1997-1998), Finance Controller of PT Motorola
                              Ralin Electronic (1992-1995), Finance & Admin Manager Daeng         Indonesia Starpage Joint Venture (1995-1997), Finance
                              Brothers (1990-1992), Commercial Controller/Accountant              & Administration Manager of PT Philips Ralin Electronic
                              PT Philips Ralin Electronic (1988-1990), Internal Control Officer   (1992-1995), Finance & Administration Manager of Daeng
                              PT Philips Ralin Electronic (1987-1988) dan Management              Brothers (1990-1992), Commercial Controller/Accountant
                              Trainee PT Philips Ralin Electronic (1986-1987).                    of PT Philips Ralin Electronic (1988-1990), Internal
                                                                                                  Control Officer of PT Philips Ralin Electronic (1987-1988)
                                                                                                  and Management Trainee of PT Philips Ralin Electronic
                                                                                                  (1986-1987).
     Rangkap Jabatan          -                                                                   -
     Concurrent Position
     Hubungan Afiliasi        Beliau tidak memiliki hubungan afiliasi dengan anggota Dewan No affiliation with other members of the Board of
     Affiliation              Komisaris, anggota Direksi lainnya dan pemegang saham Commissioners, members of the Board of Directors and
     Relationship             utama/ pengendali.                                           major/controlling shareholders.




42   Bakrieland Laporan Tahunan 2023
Page 45
Analisis dan Pembahasan Manajemen             Laporan Tata Kelola Perusahaan       Tanggung Jawab Sosial Perusahaan Terintegrasi/Laporan Keberlanjutan
Management Discussion and Analysis             Corporate Governance Report             Integrated Corporate Social Responsibility/Sustainability Report




                                                              Fandrizal
                                                              Direktur I Director
                                                              Kewarganegaraan            Indonesia
                                                              Citizenship
                                                              Usia                       55 Tahun
                                                              Age                        55 Years
                                                              Domisili                   Jakarta
                                                              Domicile




     Dasar Pengangkatan       Beliau diangkat berdasarkan keputusan RUPS Tahunan tanggal He was appointed based on the decision of the Annual GMS
     Basis of Appointment     21 Juli 2022.                                              on 21 July 2022.
     Riwayat Pendidikan       Sarjana Ekonomi dari Fakultas Ekonomi, jurusan Akuntansi dari Bachelor’s degree in Economics (Accounting) from the
     Education History        Universitas Indonesia (1995).                                 Faculty of Economics, Universitas Indonesia (1995).
     Riwayat Jabatan          Beliau pernah menjabat sebagai Komisaris PT Bahana Sukma        He served as Commissioner of PT Bahana Sukma Sejahtera
     Position History         Sejahtera (2022-November 2023), Komisaris PT Jasa Boga Raya     (2022-November 2023), Commissioner of PT Jasa Boga
                              (2022-Desember 2023), Direktur PT Bakrie Pangripta Loka         Raya (2022-December 2023), Director of PT Bakrie
                              (2011-2016), Chief Financial Officer PT Bakrie Swasakti Utama   Pangripta Loka (2011-2016), Chief Financial Officer of
                              (2004-2011), Chief Financial Officer PT Bakrie Nirwana Resort   PT Bakrie Swasakti Utama (2004-2011), Chief Financial
                              (2003-2004) dan sebagai Auditor dan Audit Manager KAP           Officer of PT Bakrie Nirwana Resort (2003-2004) and as
                              Prasetio, Utama & Co (Arthur Andersen) (1995-2003).             Auditor and Audit Manager of KAP Prasetio, Utama & Co
                                                                                              (Arthur Andersen) (1995-2003).
     Rangkap Jabatan          Saat ini beliau menjabat sebagai Komisaris PT Bumi Sentra Concurrently he also serves as Commissioner of PT Bumi
     Concurrent Position      Investama (sejak 2022) dan Direktur Utama PT Bakrie Pesona Sentra Investama (since 2022) and President Director of
                              Rasuna (sejak 2016).                                       PT Bakrie Pesona Rasuna (since 2016).
     Hubungan Afiliasi        Beliau tidak memiliki hubungan afiliasi dengan anggota Dewan No affiliation with other members of the Board of
     Affiliation              Komisaris, anggota Direksi lainnya dan pemegang saham Commissioners, members of the Board of Directors and
     Relationship             utama/pengendali.                                            major/controlling shareholders.




                                                                                                              2023 Annual Report Bakrieland            43
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           Kilas Kinerja                       Profil Perusahaan                      Laporan Manajemen                        Unit Pendukung Bisnis
      Performance Highlights                    Corporate Profile                     Management Report                         Business Support Unit




     Profil Direksi
     Board of Directors Profile




                                                               Djafarullah
                                                               Direktur I Director
                                                               Kewarganegaraan            Indonesia
                                                               Citizenship
                                                               Usia                       49 Tahun
                                                               Age                        49 Years
                                                               Domisili                   Jakarta
                                                               Domicile




     Dasar Pengangkatan        Beliau diangkat berdasarkan keputusan RUPS Tahunan tanggal He was appointed based on the decision of the Annual GMS
     Basis of Appointment      21 Juli 2022.                                              on 21 July 2022.

     Riwayat Pendidikan        Sarjana Teknik Sipil dari Universitas Indonesia (1999) dan Bachelor’s degree in Civil Engineering from Universitas
     Education History         Magister Management di Prasetiya Mulya Business School Indonesia (1999) and Master’s degree in Management from
                               (2014).                                                    Prasetiya Mulya Business School (2014).
     Riwayat Jabatan           Beliau pernah menjabat sebagai Direktur Utama PT Bahana         He previously served as President Director of PT Bahana
     Position History          Sukma Sejahtera (2022-2023), Deputy Director of Development     Sukma Sejahtera (2022-2023), Deputy Director of
                               PT Graha Andrasentra Propertindo Tbk (2016-2017), Director      Development      of PT Graha Andrasentra Propertindo
                               of Development PT Bakrie Pangripta Loka (2010-2018), Project    Tbk (2016-2017), Director of Development of PT Bakrie
                               Director KSO Perum Perumnas & Perseroan (2008-2015),            Pangripta Loka (2010-2018), Project Director KSO of Perum
                               Business Development and Permit Manager PT Bakrie Swasakti      Perumnas & Perseroan (2008-2015), Business Development
                               Utama (2004- 2008), Project Coordinator di PT DHS Engineering   and Permit Manager of PT Bakrie Swasakti Utama (2004-
                               Consultant (2001-2004) dan Management Trainee di Alatief        2008), Project Coordinator at PT DHS Engineering
                               Corporation (2000-2001).                                        Consultant (2001-2004) and Management Trainee at Alatief
                                                                                               Corporation (2000-2001).

     Rangkap Jabatan           Saat ini beliau menjabat sebagai Direktur PT Bakrie Swasakti Concurrently he also serves as Director of PT Bakrie
     Concurrent Position       Utama (sejak 2018), Direktur PT Surya Global Nusantara (sejak Swasakti Utama (since 2018), Director PT Surya Global
                               2022) dan Direktur Prima Bisnis Utama (sejak 2022).           Nusantara (since 2022) and Director of Prima Bisnis Utama
                                                                                             (since 2022).
     Hubungan Afiliasi         Beliau tidak memiliki hubungan afiliasi dengan anggota Dewan No affiliation with other members of the Board of
     Affiliation               Komisaris, anggota Direksi lainnya dan pemegang saham Commissioners, members of the Board of Directors and
     Relationship              utama/pengendali.                                            major/controlling shareholders.




44    Bakrieland Laporan Tahunan 2023
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Analisis dan Pembahasan Manajemen      Laporan Tata Kelola Perusahaan    Tanggung Jawab Sosial Perusahaan Terintegrasi/Laporan Keberlanjutan
Management Discussion and Analysis      Corporate Governance Report          Integrated Corporate Social Responsibility/Sustainability Report




Perubahan Komposisi Anggota Dewan
Komisaris dan Direksi selama 2023
Changes in the Composition of Members of the Board
of Commissioners and the Board of Directors During 2023
Dewan Komisaris                                                  Board of Commissioners
Selama tahun buku 2023, tidak terdapat perubahan pada            During fiscal year 2023, there were no changes to the
komposisi Dewan Komisaris Perseroan sehingga susunannya          composition of the Company’s Board of Commissioners that
tetap sebagai berikut:                                           members remained as follows:


 Presiden Komisaris                             Bambang Irawan Hendradi                                    President Commissioner

 Komisaris                                           Armansyah Yamin                                                  Commissioner

 Komisaris Independen                               Kanaka Puradiredja                                 Independent Commissioner


Direksi                                                          Board Of Directors
Komposisi Direksi Perseroan tidak mengalami perubahan sejak      The composition of the Company’s Board of Directors remained
31 Desember 2023 hingga Laporan Tahunan ini diterbitkan,         the same since 31 December 2023 until the publication of this
yaitu sebagai berikut:                                           Annual Report, with members as follows:


 Presiden Direktur                                  Ambono Janurianto                                            President Director

 Direktur                                                 Fandrizal                                                         Director

 Direktur                                                Djafarullah                                                        Director




                                                                                                   2023 Annual Report Bakrieland           45
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          Kilas Kinerja                                 Profil Perusahaan                       Laporan Manajemen                  Unit Pendukung Bisnis
     Performance Highlights                              Corporate Profile                      Management Report                   Business Support Unit




     Nama Pemegang Saham Utama dan
     Pengendali dengan Persentase Kepemilikan
     Name of Major and Controlling Shareholders with
     Percentage of Ownership


                                                                                  31 Desember 2023                       31 Desember 2022
                                                                                  31 December 2023                       31 December 2022
                     Pemegang Saham                                 Jumlah Saham                                 Jumlah Saham
                       Shareholders                                   (Lembar)               Kepemilikan           (Lembar)              Kepemilikan
                                                                   Number of Shares           Ownership         Number of Shares          Ownership
                                                                       (Shares)                                     (Shares)
     PT Bakrie Capital Indonesia *                                      458.433.422                  1,05           398.433.422                0,92
     Pemegang Saham Non-Pengendali                                  43.063.479.597                  98,95       43.123.479.597               99,08
     Non-Controlling Shareholders
                                                       Total        43.521.913.019             100,00           43.521.913.019              100,00
     * Termasuk kepemilikan 16.162.000 saham melalui Long Houl Holdings, Ltd
       Including ownership of 16,162,000 shares through Long Houl Holdings, Ltd



     KOMPOSISI PEMEGANG SAHAM DENGAN KEPEMILIKAN >5%
     COMPOSITION OF SHAREHOLDERS WITH >5% OWNERSHIP

                                                                       31 Desember 2023                                31 Desember 2022
                                                                       31 December 2023                                31 December 2022
               Pemegang Saham                            Jumlah Saham                                        Jumlah Saham
                 Shareholder                               (Lembar)                     Kepemilikan            (Lembar)                 Kepemilikan
                                                        Number of Shares                 Ownership          Number of Shares             Ownership
                                                            (Shares)                                            (Shares)
     KPD Simas Equity Fund 2                               2.329.095.649                     5,35              2.329.095.649                  5,35

     Interventures Capital Pte, Ltd                      43.063.479.597                      5,12            43.123.479.597                   5,12

                                          Total            4.556.740.649                    10,47              4.556.740.649                10,47


     KOMPOSISI PEMEGANG SAHAM DENGAN KEPEMILIKAN <5%
     COMPOSITION OF SHAREHOLDERS WITH <5% OWNERSHIP

                                                                       31 Desember 2023                                31 Desember 2022
                                                                       31 December 2023                                31 December 2022
               Pemegang Saham                            Jumlah Saham                                        Jumlah Saham
                 Shareholder                               (Lembar)                     Kepemilikan            (Lembar)                 Kepemilikan
                                                        Number of Shares                 Ownership          Number of Shares             Ownership
                                                            (Shares)                                            (Shares)
     Masyarakat                                          38.965.172.370                     89,53            38.965.172.370                 89,53
     Public
                                          Total          38.965.172.370                     89,53            38.965.172.370                 89,53




46   Bakrieland Laporan Tahunan 2023
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Analisis dan Pembahasan Manajemen             Laporan Tata Kelola Perusahaan         Tanggung Jawab Sosial Perusahaan Terintegrasi/Laporan Keberlanjutan
Management Discussion and Analysis             Corporate Governance Report               Integrated Corporate Social Responsibility/Sustainability Report




KOMPOSISI PEMEGANG SAHAM BERDASARKAN KLASIFIKASI
SHAREHOLDER COMPOSITION BY CLASSIFICATION

                                                                       Jumlah                     Jumlah Saham
                                                                                                                              Kepemilikan
                Klasifikasi Pemegang Saham                         Pemegang Saham                   (Lembar)
                                                                                                                               Ownership
                 Shareholders Classification                          Number of                  Number of Shares
                                                                                                                                  (%)
                                                                     Shareholders                    (Shares)
 Pemodal Nasional              Broker
                                                                                40                    352.538.989                   0,81
 National Investor             Broker
                               Pemerintah Indonesia
                                                                                 0                                0                    0
                               Indonesian Government
                               Individual - Domestik
                                                                         28.682                    21.929.766.026                  50,39
                               Domestic - Individual
                               Individual Asing KITAS-NPWP
                               Foreign Individual KITAS-                        39                     71.391.800                   0,16
                               NPWP
                               Insurance NPWP
                                                                                 8                  2.369.590.429                   5,44
                               NPWP Insurance
                               Koperasi
                                                                                 3                       2.600.000                  0,01
                               Cooperatives
                               Mutual Fund                                      27                  8.163.313.307                  18,76

                               Pension Fund                                     21                    661.164.272                   1,52
                               Perusahaan Terbatas Non
                               NPWP
                                                                                 1                          25.000                     0
                               Non-NPWP Limited Liability
                               Company
                               Terbatas NPWP
                               NPWP Limited Liability                          161                  4.480.190.771                  10,29
                               Company
                               Yayasan NPWP
                                                                                 4                       5.550.367                  0,01
                               NPWP Foundation
 Sub Total                                                               28.986                   38.036.130.961                   87,40
 Pemodal Asing                 Individu
                                                                               105                    206.046.030                   0,47
 Foreign Investors             Individual
                               Institusi
                                                                                56                  5.279.736.028                  12,13
                               Institution
 Sub Total                                                                     161                   5.485.782.058                 12,60
 Total                                                                   29.147                   43.521.913.019                  100%




KEPEMILIKAN SAHAM OLEH DEWAN                                            DIRECT AND INDIRECT SHARE
KOMISARIS DAN DIREKSI LANGSUNG                                          OWNERSHIP BY THE BOARD OF
DAN TIDAK LANGSUNG                                                      COMMISSIONERS AND THE BOARD
                                                                        OF DIRECTORS
Hingga 31 Desember 2023, tidak ada anggota Dewan Komisaris              Until 31 December 2023, no members of the Board of
dan Direksi yang memiliki saham atas Perseroan baik secara              Commissioners and the Board of Directors have direct or indirect
langsung maupun tidak langsung.                                         ownership of the Company shares.




                                                                                                               2023 Annual Report Bakrieland            47
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           Kilas Kinerja                    Profil Perusahaan                     Laporan Manajemen                      Unit Pendukung Bisnis
      Performance Highlights                 Corporate Profile                    Management Report                       Business Support Unit




     KRONOLOGI PENCATATAN SAHAM                                            CHRONOLOGY OF SHARE LISTING

     Saham Perseroan dicatatkan di Bursa Efek Indonesia (BEI).             Company shares are listed on the Indonesia Stock Exchange
     Jumlah saham beredar Perseroan per 31 Desember 2023 adalah            (IDX). The number of outstanding shares of the Company as
     sebanyak 43.521.913.019 saham.                                        per 31 December 2023 totaled 43,521,913,019 shares.


               Tahun Pencatatan                            Kegiatan                      Saham Terakumulasi           Nominal Terakumulasi
                 Year of Listing                            Activity                     Accumulated Shares           Accumulated Nominal
     29 Oktober 1995                        Pra Penawaran Umum Saham Perdana                    240.000.000                120.000.000.000
     29 October 1995                        Pre-Initial Public Offering
     30 Oktober 1995                        Penawaran Umum Saham Perdana                        350.000.000                175.000.000.000
     30 October 1995                        Initial Public Offering
     6 Oktober 1997                         Penawaran Umum Terbatas I (1:3)                    1.400.000.000               700.000.000.000
     6 October 1997                         Limited Public Offering I (1:3)
     12 Desember 2005                       Penawaran Umum Terbatas II (1:3)                   5.600.000.000             1.120.000.000.000
     12 December 2005                       Limited Public Offering II (1:3)
     1 Mei 2007                             Penawaran Umum Terbatas III (2:5)                19.600.000.000              2.520.000.000.000
     1 May 2007                             Limited Public Offering III (2:5)
     1 November 2007-30 April 2010          Pelaksanaan Waran I                                 359.885.695                 35.988.569.500
     1 November 2007-30 April 2010          Warrant I Exercise
     9 Juli 2010                            Penawaran Umum Terbatas IV (1:1)                 39.919.771.390              4.551.977.139.000
     9 July 2010                            Limited Public Offering IV (1:1)
     26 Januari 2011-26 Januari 2012        Pelaksanaan Waran II                               3.602.141.629               594.353.368.785
     26 January 2011-26 January 2012        Warrant II Exercise
     31 Desember 2015                       Saham Ditempatkan & Disetor Penuh                43.521.913.019              4.912.191.301.900
     31 December 2015                       Issued & Fully Paid Shares




     INFORMASI OBLIGASI DAN                                                INFORMATION ON BONDS AND OTHER
     PENCATATAN EFEK LAINNYA                                               SECURITIES LISTING

     Selama tahun buku 2023, Perseroan tidak menerbitkan obligasi/         During fiscal year 2023, the Company did not issue bonds/sukuk/
     sukuk/obligasi konversi sehingga tidak terdapat informasi             convertible bonds, thus there is no information on the number
     mengenai jumlah obligasi/sukuk/obligasi konversi yang beredar,        of outstanding bonds/sukuk/convertible bonds, interest/reward
     tingkat bunga/imbalan, tanggal jatuh tempo dan peringkat              rates, maturity date and bond/suku ratings.
     obligasi/sukuk.



     ALAMAT ENTITAS ANAK DAN ENTITAS                                       ADDRESS OF SUBSIDIARIES AND
     ASOSIASI                                                              ASSOCIATES


       Entitas Anak, Entitas Asosiasi dan Perusahaan
                                                                                                 Alamat
                           Ventura
                                                                                                 Address
       Subsidiaries, Associates and Venture Companies
      PT Citrasaudara Abadi                               Wisma Bakrie 1 Jl. H.R. Rasuna Said Kav B-1 Lt. 6, Jakarta Selatan, 12920
      PT Krakatau Lampung Tourism Development             Wisma Bakrie 1, Lt. 6 Jl. H.R. Rasuna Said, Kav. B-1 Jakarta Selatan 12920
                                                          Tel. +62 21 57942157
                                                          Fax. +62 21 57942159
     PT Graha Andrasentra Propertindo Tbk                 Jl. Dreded – Pahlawan (Jl. Bogor Nirwana Residence) Mulyaharja Bogor
                                                          Selatan Bogor 16132
                                                          Tel. +62 251 8211290
                                                          Fax. +62 251 8211295
      PT Bakrie Swasakti Utama                            Epiwalk Office Suite, Lt. 6 unit A601
                                                          Komplek Rasuna Epicentrum Jl. H.R. Rasuna Said, Jakarta Selatan 12940
                                                          Tel. +62 21 52906666
                                                          Fax. +62 21 29057777




48    Bakrieland Laporan Tahunan 2023
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Analisis dan Pembahasan Manajemen         Laporan Tata Kelola Perusahaan     Tanggung Jawab Sosial Perusahaan Terintegrasi/Laporan Keberlanjutan
Management Discussion and Analysis         Corporate Governance Report           Integrated Corporate Social Responsibility/Sustainability Report




  Entitas Anak, Entitas Asosiasi dan Perusahaan
                                                                                         Alamat
                      Ventura
                                                                                         Address
  Subsidiaries, Associates and Venture Companies
 PT Superwish Perkasa                              Epiwalk Office Suite, Lt. 6 unit A601
                                                   Komplek Rasuna Epicentrum Jl. H.R. Rasuna Said, Jakarta Selatan 12940
                                                   Tel. +62 21 52906666
                                                   Fax. +62 21 29057777
 PT Bumi Daya Makmur                               Epiwalk Office Suite, Lt. 6 unit A601
                                                   Komplek Rasuna Epicentrum Jl. H.R. Rasuna Said, Jakarta Selatan 12940
                                                   Tel. +62 21 52906666
                                                   Fax. +62 21 29057777
 PT Bakrie Nirwana Realty                          Bakrie Nirwana Realty Office
                                                   Jl. Bogor Nirwana Raya Mulyaharja Bogor Selatan, Bogor 16132
                                                   Tel. +62 251 8211290
                                                   Fax. +62 251 8211295
 PT Prima Bisnis Utama                             Wisma Bakrie 1, Lt. 6 Jl. H.R. Rasuna Said Kav. B-1 Kuningan, Jakarta Selatan 12920
 PT Surya Global Nusantara                         Wisma Bakrie 1, Lt. 6 Jl. H.R. Rasuna Said Kav. B-1 Kuningan, Jakarta Selatan 12920
 BLD Investment Pte, Ltd                           10 Anson Road # 03-05 International Plaza Singapore 079903
                                                   Tel. +65 63233956/57
                                                   Fax. +65 63233959
 Limitless World International                     Services 6 Limited
                                                   P.O. Box 17000 Dubai United Arab Emirates
 PT Bahana Sukmasejahtera                          Jl Pasir Pogor, Cipelang, Kecamatan Cijeruk, Kabupaten Bogor, Jawa Barat 16740
 PT Jasa Boga Raya                                 Ruko Plaza Amsterdam D/50 Jl. M.H. Thamrin, Sentul City
                                                   Kec. Babakan Madang, Kab. Bogor Jawa Barat 16810
                                                   Tel. +62 21 87962194
                                                   Fax. +62 21 87962194
 PT Bakrie Pesona Rasuna                           Gedung Plaza Festival
                                                   Jl. H.R. Rasuna Said Kav. C – 22 Kuningan, Jakarta 12940
                                                   Tel. +62 21 5263212
                                                   Fax. +62 21 5263144
 PT Rasuna Residence Development                   Epiwalk Office Suites Lt. 6 Unit A640 Komplek Rasuna Epicentrum
                                                   Jl. H.R. Rasuna Said Jakarta Selatan 12940
                                                   Tel. +62 21 83705555
                                                   Fax. +62 21 83786244
 PT Bakrie Pangripta Loka                          Jl. Sentra Primer Timur Pulogebang - Cakung Jakarta Timur 13950
                                                   Tel. +62 21 48704999
                                                   Fax. +62 21 48703182
 PT Graha Multi Insani                             Epiwalk Office Suite, Lantai 6 unit A615 Komplek Rasuna Epicentrum
                                                   Jl. H.R. Rasuna Said Jakarta Selatan 12940
                                                   Tel. +62 21 52906666
                                                   Fax. +62 21 29057777
 PT Provices Indonesia                             Gedung Bakrie Tower, Lt. 80, Komplek Rasuna Epicentrum
                                                   Jl. H.R. Rasuna Said Jakarta Selatan 12940
                                                   Tel. +62 21 29912402
                                                   Fax. +62 21 29912412
 PT Provices Lintas Mandiri                        Gedung Bakrie Tower, Lt. 80, Komplek Rasuna Epicentrum
                                                   Jl. H.R. Rasuna Said Jakarta Selatan 12940
                                                   Tel. +62 21 29912402
                                                   Fax. +62 21 29912412
 PT Provices Prima Mandiri                         Gedung Bakrie Tower, Lt. 80, Komplek Rasuna Epicentrum
                                                   Jalan H.R. Rasuna Said Jakarta Selatan 12940
                                                   Tel. +62 21 29912402
                                                   Fax. +62 21 29912412
 PT Provices Karya Mandiri                         Gedung Bakrie Tower, Lt. 80, Komplek Rasuna Epicentrum
                                                   Jalan H.R. Rasuna Said Jakarta Selatan 12940
                                                   Tel. +62 21 29912402
                                                   Fax. +62 21 29912412
 PT Provices Total Mandiri                         Gedung Bakrie Tower, Lt. 80 Komplek Rasuna Epicentrum
                                                   Jalan H.R. Rasuna Said Jakarta Selatan 12940
                                                   Tel. +62 21 29912402
                                                   Fax. +62 21 29912412




                                                                                                       2023 Annual Report Bakrieland           49
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           Kilas Kinerja                    Profil Perusahaan                    Laporan Manajemen                     Unit Pendukung Bisnis
      Performance Highlights                 Corporate Profile                   Management Report                      Business Support Unit




       Entitas Anak, Entitas Asosiasi dan Perusahaan
                                                                                                Alamat
                           Ventura
                                                                                                Address
       Subsidiaries, Associates and Venture Companies
      PT Mutiara Masyhur Sejahtera                        Jl. Kahuripan Raya Kav. 7 Sidoarjo-Jawa Timur
                                                          Tel. +62 31 8833999
                                                          Fax. +62 31 8822555
      PT Inti Permata Sejati                              Jl. Kahuripan Raya Kav. 7 Sidoarjo-Jawa Timur
                                                          Tel. +62 31 8833999
                                                          Fax. +62 31 8822555
      PT Maju Makmur Sejahtera                            Jl. Kahuripan Raya Kav. 7 Sidoarjo-Jawa Timur
                                                          Tel. +62 31 8833999
                                                          Fax. +62 31 8822555
      PT Nugraha Adhikarsa Pratama                        Jl. Kahuripan Raya Kav. 7 Sidoarjo-Jawa Timur
                                                          Tel. +62 31 8833999
                                                          Fax. +62 31 8822555
      PT Mitra Langgeng Sejahtera                         Jl. Kahuripan Raya Kav. 7 Sidoarjo-Jawa Timur
                                                          Tel. +62 31 8833999
                                                          Fax. +62 31 8822555
     PT Megah Djati Karya                                 Kondominium Puncak Marina, Tower 2 Lt. 2
                                                          Jl. Raya Margorejo Indah XVII/2-4 Surabaya
                                                          Tel. +62 31 8833999
                                                          Fax. +62 31 8822555
     BLD Asia Pte, Ltd                                    10 Anson Road # 03-05 International Plaza Singapore 079903
                                                          Tel. +65 63233956/57
                                                          Fax. +65 63233959
      PT Andrasentra Properti Services                    Komplek Perumahan Umum Bogor Nirwana Residence, Jalan Bogor Nirwana
                                                          Raya (Dreded Pahlawan), Kelurahan Mulyaharja, Kecamatan Bogor Selatan
                                                          Tel +62 251 8211 290
                                                          Fax +62 251 8211 295




     Kantor Akuntan Publik
     Public Accounting Firm

     Sesuai hasil Rapat Umum Pemegang Saham yang diselenggarakan           In accordance with the results of the General Meeting of
     tanggal 8 November 2023, serta berdasarkan penunjukkan                Shareholders held 8 November 2023, and based on the
     Dewan Komisaris tanggal 24 November 2023, Perseroan                   appointment of the Board of Commissioners on 24 November
     memutuskan menggunakan jasa Kantor Akuntan Publik Y.                  2023, the Company decided using the services of the Y. Santosa
     Santosa dan Rekan dengan Akuntan Publik (Signing Partner)             Public Accounting Firm and Partners with the Public Accountant
     yaitu Bapak Tjiendradjaja Yamin untuk melakukan audit terhadap        (Signing Partner) is Mr Tjiendradjaja Yamin to audit the report
     laporan keuangan Perseroan yang berakhir pada tanggal 31              Company financial statements ending 31 December 2023.
     Desember 2023.


     Berikut ini disampaikan informasi lengkap mengenai KAP dan            The following provides complete information regarding KAP
     Akuntan Publik serta jasa atestasi yang ditawarkan untuk tahun        and Public Accounting and attestation services offered for
     buku 2023:                                                            years 2023 books:




50    Bakrieland Laporan Tahunan 2023
Page 53
Analisis dan Pembahasan Manajemen              Laporan Tata Kelola Perusahaan     Tanggung Jawab Sosial Perusahaan Terintegrasi/Laporan Keberlanjutan
Management Discussion and Analysis              Corporate Governance Report           Integrated Corporate Social Responsibility/Sustainability Report




 Kantor Akuntan Publik (KAP) Y. Santosa dan Rekan
 Public Accounting Firm (KAP) Y. Santosa and Partners
 Alamat                              Jl Sisingamangaraja No. 26, Lantai 2
 Address                             Jakarta, 12110
                                     Tel. +62 21 723 0589
                                     Fax. +62 21 7278 8954

                                     Jl Sisingamangaraja No. 26, 2nd Floor
                                     Jakarta, 12110
                                     Tel. +62 21 723 0589
                                     Fax. +62 21 7278 8954
 Nama Akuntan Publik                 Tjiendradjaja Yamin
 Name of Public Accountant
 Jasa yang Diberikan                 Jasa Audit:
 Services Provided                   Audit Laporan Keuangan Tahunan untuk Tahun Buku 2023
                                     Jasa Non-Audit:
                                     Tidak memberikan jasa lain di luar jasa audit laporan keuangan konsolidasian tahun buku 2023

                                     Audit Services:
                                     Audit of Annual Financial Statement for Fiscal Year 2023
                                     Non-Audit Services:
                                     Other services apart from audit services for the consolodiated financial statements of fiscal year
                                     2023 are not provided
 Periode Penugasan                   31 Desember 2023
 Period of Assignment                31 December 2023
 Biaya                               Rp2.689.000.000
 Fee                                 Rp2,689,000,000




Lembaga Profesi Penunjang Pasar Modal
Capital Market Supporting Professional Institutions
Seluruh lembaga profesi penunjang pasar modal di bawah                   All of the following capital market supporting professional
ini memberikan jasa secara berkala kepada Perseroan, sesuai              institutions provide regular services to the Company, in
dengan ruang lingkupnya.                                                 accordance with their scope of services


BIRO ADMINISTRASI EFEK                                                   SHARE REGISTRAR

PT SINARTAMA GUNITA                                                      PT SINARTAMA GUNITA
Menara Tekno Lantai 7                                                    Tekno Tower 7th Floor
Jl. Fachrudin No. 19                                                     Jl. Fachrudin No. 19
Tanah Abang Jakarta Pusat 10250                                          Tanah Abang Jakarta Pusat 10250
Tel		               : +62 21 392 2332                                    Tel		                : +62 21 392 2332
Fax 		              : +62 21 392 3003                                    Fax		                : +62 21 392 3003
Website		           : www.sinartama.co.id                                Website		            : www.sinartama.co.id
E-mail		            : helpdesk1@sinartama.co.id                          E-mail		             : helpdesk1@sinartama.co.id


PENCATATAN SAHAM                                                         STOCK LISTING

PT BURSA EFEK INDONESIA                                                  PT BURSA EFEK INDONESIA
Gedung Bursa Efek Indonesia, Tower 1, Lantai 6                           Indonesia Stock Exchange Building, Tower 1, 6th Floor
Jl. Jend. Sudirman Kav. 52-53 Jakarta Selatan 12190, Indonesia           Jl. Jend. Sudirman Kav. 52-53 Jakarta Selatan 12190, Indonesia
Call Center         : 150515 (hanya domestik)                            Call Center          : 150515 (only for domestic)
Whatsapp            : +6281181150515                                     Whatsapp             : +6281181150515
E-mail		            : contactcenter@idx.co.id                            E-mail		             : contactcenter@idx.co.id



                                                                                                            2023 Annual Report Bakrieland            51
Page 54
           Kilas Kinerja                     Profil Perusahaan                    Laporan Manajemen                 Unit Pendukung Bisnis
      Performance Highlights                  Corporate Profile                   Management Report                  Business Support Unit




     Situs Resmi Perusahaan
     Company’s Official Website
     Perseroan memiliki dan mengelola situs web resmi berdasarkan       The Company retains and manage its official website
     Peraturan OJK No. 8/POJK.04/2015, yakni www.bakrieland.com.        based on OJK Regulation No. 8/POJK.04/2015, namely
     Situs web resmi Perusahaan memuat beberapa hal sebagai             www.bakrieland.com. The Company’s official website contains
     berikut:                                                           the following:
     1.   Informasi mengenai nama pemegang saham utama dan              1.   Information on the name of the majority and controlling
          pengendali Emiten/Perusahaan Publik, baik langsung                 shareholders of Issuer/Public Company, both direct and
          maupun tidak langsung, sampai kepada pemilik individu,             indirectly, up to individual owners, presented in the form
          yang disajikan dalam bentuk skema atau diagram;                    of a scheme or diagram;
     2.   Informasi mengenai nama entitas anak, perusahaan asosiasi,    2.   Information on the names of subsidiaries, associated
          perusahaan ventura bersama dimana Emiten/Perusahaan                companies, joint venture companies where the Issuer/
          Publik memiliki pengendalian bersama entitas, beserta              Public Company retains joint control of the entity, as well
          persentase kepemilikan saham, bidang usaha, dan status             as the share ownership percentage, line of business, and
          operasi perusahaan;                                                status of company operations;
     3.   Informasi mengenai struktur grup Emiten atau Perusahaan       3.   Information on the group structure of Issuer/Public
          Publik dalam bentuk bagan yang paling kurang meliputi              Company in the form of a diagram which at least include
          perusahaan dalam grup Emiten/Perusahaan Publik yang                companies within the Issuer/Public Company’s group under
          berada dalam pengawasan OJK;                                       the supervision of OJK;
     4.   Informasi mengenai profil Direksi, Dewan Komisaris, Komite,   4.   Information on the profiles of the Board of Directors,
          dan Sekretaris Perusahaan;                                         the Board of Commissioners, Committees, and Corporate
                                                                             Secretary;
     5.   Informasi bagi pemodal atau investor;                         5.   Information for investors;
     6.   Informasi mengenai laporan tahunan untuk periode 5 (lima)     6.   Information on annual reports for the last 5 (five)-year period;
          tahun buku terakhir;
     7.   Informasi keuangan;                                           7.   Financial information;
     8.   Informasi Rapat Umum Pemegang Saham;                          8.   Information on General Meetings of Shareholders;
     9.   Informasi saham, obligasi, dan dividen;                       9.   Information on shares, bonds, and dividends;
     10. Informasi terkait aksi korporasi yang dilakukan oleh Emiten;   10. Information related to corporate actions carried out by Issuer;
     11. Informasi tata kelola perusahaan termasuk:                     11. Information on corporate governance including:
          a.    Piagam Unit Audit Internal                                   a.     Internal Audit Unit Charter
          b.    Kode etik                                                    b.     Code of conduct
          c.    Pedoman kerja komite                                         c.     Committee work guidelines
          d.    Kebijakan manajemen risiko                                   d.     Risk management policy
          e.    Kebijakan mekanisme sistem pelaporan pelanggaran             e.     Policy on violation reporting system mechanism
          f.    Kebijakan anti korupsi                                       f.     Anti-corruption policy
          g.    Kebijakan terkait seleksi pemasok dan hak kreditur           g.     Policies related to suppliers’ selection and creditors’
                                                                                    rights
          h.    Kebijakan dalam peningkatan kemampuan vendor                 h.     Policies on vendor capacity improvement
     12. Informasi tanggung jawab sosial perusahaan.                    12. Information on corporate social responsibility.




52    Bakrieland Laporan Tahunan 2023
Page 55
Analisis dan Pembahasan Manajemen    Laporan Tata Kelola Perusahaan   Tanggung Jawab Sosial Perusahaan Terintegrasi/Laporan Keberlanjutan
Management Discussion and Analysis    Corporate Governance Report         Integrated Corporate Social Responsibility/Sustainability Report




                                                                                                2023 Annual Report Bakrieland            53
Page 56

          
Page 57
Laporan Manajemen
Management Report
Page 58
          Kilas Kinerja                Profil Perusahaan    Laporan Manajemen   Unit Pendukung Bisnis
     Performance Highlights             Corporate Profile   Management Report    Business Support Unit




     Laporan Dewan Komisaris
     Report from the Board of Commissioners




                          ''
     Kami mengapresiasi keberhasilan
     Direksi dalam menjaga kinerja
     Perseroan. Pencapaian ini
     merupakan manifestasi nyata
     dari komitmen seluruh jajaran
     manajemen untuk menjalankan
     strategi utama Perseroan dengan
     penuh kedisiplinan dan
     kehati-hatian.

     We appreciate the Board of Directors’
     efforts in maintaining the Company’
     performance. This achievement is a real
     manifestation of the commitment of
     the entire management to carry out the
     Company’s main strategies with
     full discipline and prudence.




                          ''
           Bambang Irawan Hendradi
                    Presiden Komisaris
                  President Commissioner




56   Bakrieland Laporan Tahunan 2023
Page 59
Analisis dan Pembahasan Manajemen         Laporan Tata Kelola Perusahaan    Tanggung Jawab Sosial Perusahaan Terintegrasi/Laporan Keberlanjutan
Management Discussion and Analysis         Corporate Governance Report          Integrated Corporate Social Responsibility/Sustainability Report




Para Pemegang Saham dan Pemangku Kepentingan yang kami              Our Distinguished Shareholders and Stakeholders,
hormati,


Puji syukur kami panjatkan ke hadirat Tuhan Yang Maha Esa           Praise to God Almighty for His mercy and grace to us all, as we,
atas limpahan rahmat dan karunia-Nya kepada kita semua,             the Company, were able to cope with the various challenges
sehingga Perseroan mampu menghadapi berbagai tantangan              we faced in the year 2023, and specifically the Board of
di tahun 2023 dan Dewan Komisaris secara khusus dimampukan          Commissioners was able to optimally carry out its supervisory
untuk menjalankan fungsi pengawasan yang maksimal serta             function and provide advices on the strategies and policies
memberikan nasihat terhadap strategi dan kebijakan yang             implemented by the Board of Directors. Subsequently, allow
dilakukan oleh Direksi. Selanjutnya izinkanlah saya mewakili        me to represent the Board of Commissioners of PT Bakrieland
jajaran Dewan Komisaris PT Bakrieland Development Tbk               Development Tbk (“Company” or “Bakrieland”) to present this
(“Perseroan” atau “Bakrieland”) menyampaikan Laporan                Report on the Supervisory Duties of the Board of Commissioners
Tugas Pengawasan Dewan Komisaris untuk tahun buku yang              for the financial year which ended on 31 December 2023.
berakhir pada 31 Desember 2023. Penyampaian laporan ini             This report is also submitted as part of the Good Corporate
juga merupakan bagian dari penerapan prinsip Tata Kelola            Governance implementation.
Perusahaan yang Baik.



PERTUMBUHAN EKONOMI NASIONAL                                        NATIONAL ECONOMIC GROWTH
TETAP BERDAYA TAHAN DI TENGAH                                       REMAINED RESILIENT AMIDST
KETIDAKPASTIAN EKONOMI GLOBAL                                       UNCERTAINTIES IN GLOBAL ECONOMY

Tahun 2023 menjadi tahun dengan momentum kebangkitan dan            The year 2023 was the year with a momentum for revival and
pemulihan bagi ekonomi dunia termasuk juga untuk Indonesia          recovery for the world economy, including Indonesia as the
karena akhirnya bisa kembali merayakan kebebasan beraktivitas       nation was finally able to celebrate freedom of activity again
untuk pertama kalinya setelah status pandemi resmi berakhir.        for the first time after the pandemic status was officially
Kendati hampir sebagian besar aktivitas perdagangan antar-          lifted. Although nearly most of the trade activities between
negara pada skala global sudah mulai dibuka setelah hampir          countries on a global scale have begun to open after almost
tiga tahun lamanya terpukul akibat pandemi, nyatanya di masa        three years afflicted by the pandemic, but in reality, during
pascapandemi ini perekonomian dunia masih dihadapkan dengan         the post-pandemic period, the world economy remained with
sejumlah tantangan yang tidak mudah, seperti peningkatan            a number of difficult challenges to face, such as the increase
tensi geopolitik, dampak perubahan iklim yang kian terasa, dan      in geopolitical tensions, the increasingly pronounced impact
pengetatan likuiditas global.                                       of climate change, and the tightening global liquidity.


Di tengah situasi ekonomi global yang melambat dan penuh            In the midst of the impeding global economy with increasing
ketidakpastian, ekonomi Indonesia secara full year 2023 tetap       uncertainties, Indonesia’s economy in full year 2023 remained
tumbuh kuat dan stabil sebesar 5,05% (yoy) dan tingkat inflasi      growing strong and stable at 5.05% (yoy) and inflation at a
jauh lebih terkendali dibandingkan tahun sebelumnya seiring         manageable rate if compared to the previous year’s decline
dengan penurunan gejolak inflasi dunia akibat harga komoditas       in world inflation that fluctuated due to price hikes in food
pangan dan energi yang tinggi. Keberhasilan Indonesia dalam         and energy commodities. Indonesia’s success in maintaining
menjaga pertumbuhan ekonomi nasional yang tetap solid               national economic growth at a solid level was supported by
didorong oleh konsumsi domestik yang stabil dan daya beli           stable domestic consumption and the strengthening of the
masyarakat yang cenderung menguat.                                  public’s purchasing power.




                                                                                                      2023 Annual Report Bakrieland            57
Page 60
           Kilas Kinerja                     Profil Perusahaan                  Laporan Manajemen                   Unit Pendukung Bisnis
      Performance Highlights                  Corporate Profile                 Management Report                    Business Support Unit




     Dari sisi pelaku industri, kinerja sektor properti sepanjang 2023    From the industry players’ point of view, the property sector’s
     masih belum terlalu optimal, namun kelompok segmen properti          performance throughout the year 2023 was still not optimal;
     tertentu mengalami pertumbuhan sebagaimana tercermin                 however, certain property segment groups experienced growth,
     dari pertumbuhan yang terbatas pada residensial, khususnya           as reflected in the increase which was limited to residential,
     perumahan. Permintaan pasar terhadap properti rumah tapak            specifically in housing. Market demand for landed or residential
     atau residensial mengalami pertumbuhan di 2023 sebagaimana           property experienced growth in 2023 as visible from the high
     dapat dilihat dari tingginya angka penyaluran KPR. Pencapaian        number of KPR disbursements. This accomplishment was
     ini tentu tidak terlepas dari intervensi Bank Indonesia (BI) untuk   surely closely connected to Bank Indonesia’s intervention in
     sektor properti melalui implementasi kebijakan pelonggaran           the property sector through the implementation of the KPR
     rasio loan to value (LTV) KPR yang diperpanjang hingga akhir         loan-to-value (LTV) ratio easing policy which was extended until
     2023.                                                                the end of the year 2023.


     PENGAWASAN TERHADAP                                                  SUPERVISION ON THE
     IMPLEMENTASI STRATEGI                                                IMPLEMENTATION OF COMPANY
     PERUSAHAAN DAN FREKUENSI                                             STRATEGIES AND FREQUENCY OF
     PEMBERIAN NASIHAT KEPADA DIREKSI                                     ADVICES EXTENDED TO THE
                                                                          BOARD OF DIRECTORS
     Peran aktif Dewan Komisaris dalam mengawasi jalannya                 The active role of the Board of Commissioners in supervising the
     pengurusan Perseroan yang sepenuhnya dipimpin oleh Direksi           management of the Company under the full responsibility of the
     telah dimulai sejak tahap perumusan strategi dan cascading           Board of Directors, starts from the stage of strategy formulation
     target operasional bisnis di level unit-unit bisnis melalui          and cascading business operational targets at the business unit
     pemberian dukungan, saran, dan nasihat yang dibutuhkan               level through providing supports, recommendations and advices
     oleh Direksi. Selama menjalankan fungsi pengawasan tersebut,         as required by the Board of Directors. While conducting such
     Dewan Komisaris senantiasa mengedepankan sikap saling                supervisory functions, the Board of Commissioners always puts
     menghormati antar-keduanya, dimana terdapat batasan dari             forward an attitude of mutual respect between the two-parties,
     tanggung jawab dan peran yang dijalankan oleh Dewan Komisaris        as there are limits to the responsibilities and roles respectively
     maupun Direksi. Sikap profesional ini tentu selalu kami junjung      carried out by the Board of Commissioners and the Board of
     tinggi karena sudah menjadi komitmen bagi Dewan Komisaris            Directors. We certainly uphold this professional attitude at
     untuk melaksanakan peran pengawasan secara objektif dan              all times as it has become a commitment for the Board of
     akuntabel sesuai prinsip tata kelola yang baik.                      Commissioners to perform its supervisory role objectively
                                                                          and accountably in accordance with the principles of good
                                                                          governance.


     Selain memberikan pendampingan kepada Direksi dalam                  Apart from providing advice to the Board of Directors in the
     proses perumusan strategi bisnis di awal tahun buku, Dewan           process of formulating business strategies at the beginning of
     Komisaris juga secara konsisten mengarahkan, memantau, dan           the financial year, the Board of Commissioners also consistently
     mengevaluasi eksekusi strategi yang dilakukan oleh Direksi           directs, monitors, and assesses the execution of strategies by the
     dan jajaran manajemen. Pada tahun 2023, kami mengarahkan             Board of Directors and its management team. In the year 2023,
     fokus pengawasan terhadap strategi peningkatan pertumbuhan           we directed the supervision focus on the strategy to improve
     pendapatan berulang (recurring) dan tidak berulang (non-             the growth of recurring and non-recurring income which is still
     recurring) yang masih terus dipertahankan oleh Direksi,              maintained by the Board of Directors, and also took note on the
     serta juga menaruh perhatian terhadap strategi penguatan             strategies to strengthen financial structure and profitability.
     struktur keuangan dan profitabilitas. Dewan Komisaris telah          The Board of Commissioners provided recommendations or
     memberikan saran atau pandangan atas hal-hal yang menjadi            views on matters that were the focus of our supervision during
     fokus pengawasan di tahun ini, dan Direksi telah menindaklanjuti     the year, and the Board of Directors followed-up appropriately
     dengan baik seluruh arahan yang kami sampaikan.                      on all directives extended by the Board of Commissioners.




58    Bakrieland Laporan Tahunan 2023
Page 61
Analisis dan Pembahasan Manajemen          Laporan Tata Kelola Perusahaan    Tanggung Jawab Sosial Perusahaan Terintegrasi/Laporan Keberlanjutan
Management Discussion and Analysis          Corporate Governance Report          Integrated Corporate Social Responsibility/Sustainability Report




Dalam menjalankan fungsi pengawasan dan pemberian                    In carrying out the supervisory function and in providing advice
nasihat kepada Direksi tersebut, Dewan Komisaris dan Direksi         to the Board of Directors, the Board of Commissioners and the
menyelenggarakan rapat gabungan yang dilakukan secara                Board of Directors held joint meetings periodically. During the
berkala. Pada rangkaian rapat tersebut, kami melakukan               series of meetings, we conducted monitoring on the Company’s
monitoring terhadap pencapaian kinerja Perseroan dan                 performance achievements and discussed issues considered
membahas permasalahan-permasalahan yang bersifat strategis           strategic and significant requiring the attention of the Board
dan signifikan yang perlu mendapatkan perhatian Dewan                of Commissioners, as well as assessed the effectiveness of the
Komisaris, serta sekaligus mengevaluasi efektivitas strategi         strategies carried out or to be implemented at some point in
yang dijalankan atau yang akan diimplementasikan kedepannya.         the future.


Selain melalui rapat, pengawasan oleh Dewan Komisaris juga           Aside from meetings, supervision by the Board of Commissioners
dapat dilakukan dengan menelaah laporan pelaksanaan tugas            is also carried out by reviewing the duty implementation
Direksi dan laporan-laporan lainnya yang disampaikan secara          report of the Board of Directors and other reports specifically
khusus oleh Unit Audit Internal, Komite Audit, Komite Nominasi       submitted by the Internal Audit Unit, the Audit Committee, the
dan Remunerasi, atau melalui sarana komunikasi tertulis lainnya.     Nomination and Remuneration Committee, or through other
Apabila diperlukan, Dewan Komisaris juga dapat melakukan             written communication means. When necessary, the Board
kunjungan kerja untuk meninjau langsung ke setiap lokasi proyek      of Commissioners may also conduct work visitation to directly
yang sedang berjalan untuk memastikan eksekusinya sudah              observe each ongoing project location to ensure execution
berjalan sesuai target yang ditetapkan di awal tahun.                is properly carried out according to targets set-forth at the
                                                                     beginning of the year.


Dari hasil pengawasan yang telah dilakukan di tahun 2023, Dewan      Based on observations conducted in 2023, the Board of
Komisaris berpandangan bahwa Direksi telah menunjukkan               Commissioners views that the Board of Directors demonstrated
segenap daya dan upaya terbaiknya dalam mengelola Perseroan          all its strengths and best efforts in managing the Company,
baik melalui penerapan prioritas strategi yang tepat ataupun         either through the implementation of appropriate strategic
dalam menerapkan sistem manajemen risiko yang efektif serta          priorities or an effective risk management system, and also
juga sudah mengindahkan seluruh masukan dan saran perbaikan          heeded all input and recommendations for improvement
yang telah diberikan oleh Dewan Komisaris sepanjang tahun ini.       provided by the Board of Commissioners throughout the year.



PENILAIAN ATAS KINERJA                                               PERFORMANCE ASSESSMENT OF THE
DIREKSI TAHUN 2023 DAN DASAR                                         BOARD OF DIRECTORS IN 2023 AND
PENILAIANNYA                                                         BASIS OF ASSESSMENT

Dewan Komisaris memberikan penilaian objektif terhadap               The Board of Commissioners provides an objective assessment
kinerja Direksi yang mencakup aspek operasional, keuangan,           on the performance of the Board of Directors which covers
dan aspek lainnya yang berkaitan erat dengan keberlanjutan           aspects of operation, finance, and other aspects closely related
kegiatan usaha Perseroan. Tolok ukur penilaian Dewan Komisaris       to the sustainability of the Company’s business activities. The
terhadap kinerja Direksi mengacu pada tingkat keberhasilan           Board of Commissioners’ assessment benchmark on the Board
Direksi dalam merealisasikan Key Performance Indicator (KPI)         of Directors’ performance refers to the successful rate of the
yang sudah disepakati bersama untuk tahun buku 2023 dan juga         Board of Directors in realizing its Key Performance Indicator (KPI)
kepiawaian Direksi dalam menerapkan strategi bisnis yang tepat       as mutually agreed for the 2023 financial year and also to the
dalam menavigasi tantangan yang dihadapi, serta konsistensi          expertise of the Board of Directors in implementing appropriate
penerapan GCG di lingkungan Bakrieland.                              business strategies in navigating the challenges faced, as well
                                                                     as the consistency of GCG implementation within Bakrieland.




                                                                                                       2023 Annual Report Bakrieland            59
Page 62
           Kilas Kinerja                   Profil Perusahaan                Laporan Manajemen                  Unit Pendukung Bisnis
      Performance Highlights                Corporate Profile               Management Report                   Business Support Unit




     Dengan mengacu pada indikator penilaian yang ada, kami melihat   By referring to the available assessment indicators, we view that
     bahwa performa keuangan Perseroan secara keseluruhan             the Company’s overall financial performance during the year
     selama 2023 masih dalam tekanan dan beberapa target yang         2023 remained under pressure and several set targets were
     dicanangkan belum dapat terealisasi sesuai harapan di akhir      not achieved as expected by the end of the year. Nonetheless,
     tahun. Akan tetapi kami tetap mengapresiasi keberhasilan         we appreciate the Board of Directors’ success in maintaining
     Direksi dalam menjaga kinerja top lines yang tercermin dari      top lines’ performance reflected in the increase in operating
     peningkatan pendapatan usaha dan laba usaha di tahun 2023.       income and profit for the year 2023. This achievement is a real
     Pencapaian ini merupakan manifestasi nyata dari komitmen         manifestation of the commitment of the entire management
     seluruh jajaran manajemen untuk menjalankan strategi utama       to carry out the Company’s main strategies with full discipline
     Perseroan dengan penuh kedisiplinan dan kehati-hatian.           and prudence.


     Di tengah tahun yang cukup menantang ini, kami melihat bahwa     In the midst of such a challenging year, we observed that the
     Direksi terus bekerja keras untuk mencari peluang pertumbuhan    Board of Directors continuously strived to search for growth
     melalui strategi pertumbuhan usaha pada area yang potensial,     opportunities through a business growth strategy in potential
     misalnya pada proyek eco-tourism di Bogor dan proyek hunian      areas, such as the eco-tourism projects in Bogor and residential
     segmen menengah di area Sidoarjo & Bogor. Hal lain yang juga     projects for the middle segment in the Sidoarjo and Bogor areas.
     kami nilai sebagai sebuah pencapaian positif bagi Perseroan      Another area that we assessed as a positive accomplishment
     adalah keberhasilan Direksi dalam memanfaatkan momentum          for the Company was the Board of Directors capability in taking
     pemulihan ekonomi nasional selepas pandemi pada segmen           advantage of the national economic recovery momentum
     bisnis perhotelan yang terus mencatatkan perbaikan tingkat       following the pandemic, namely the hotel business segment
     okupansi hingga akhir 2023.                                      that continued to record an increasing occupancy rate until
                                                                      the end of the year 2023.


     Dengan mempertimbangkan beragam kinerja yang telah               Taking into account the various performances demonstrated
     ditunjukkan Perseroan untuk tahun pelaporan 2023, Dewan          by the Company for the 2023 reporting year, the Board of
     Komisaris memberikan apresiasi kepada Direksi atas upaya         Commissioners extends its appreciation to the Board of Directors
     berkelanjutannya dalam memenuhi target-target yang telah         for all its unceasing efforts in actualizing the set targets. In
     ditetapkan. Dalam pandangan Dewan Komisaris, kami melihat        the view of the Board of Commissioners, we perceived that the
     bahwa Direksi telah bekerja keras dalam mempertahankan           Board of Directors has worked hard to maintain the Company’s
     keberlanjutan bisnis Perseroan di tengah situasi eksternal       business sustainability despite external conditions which have
     yang belum menguntungkan bisnis properti terutama dampak         yet to be conducive to the property business especially the
     kenaikan suku bunga kredit yang telah mengurangi prioritas       impact of the increase in credit interest rates which reduced
     masyarakat untuk memiliki properti.                              the public’s priority in owning property.


     PANDANGAN ATAS PROSPEK                                           VIEWS ON COMPANY BUSINESS
     USAHA PERUSAHAAN YANG                                            PROSPECTS SETFORTH BY THE
     DISUSUN OLEH DIREKSI DAN DASAR                                   BOARD OF DIRECTORS AND BASIS OF
     PERTIMBANGANNYA                                                  CONSIDERATIONS
     Konsistensi Indonesia bertahan di jalur pemulihan ekonomi        Indonesia’s consistency in maintaining its path on a strong
     yang kuat pascapandemi diproyeksikan akan terus berlanjut        economic recovery post-pandemic is projected to continue into
     hingga 2024 mendatang dengan target pertumbuhan di kisaran       the year 2024 with growth targets of around 4.7-5.5% (yoy) in
     4,7-5,5%     (yoy)    pada   2024   dan    akan      meningkat   2024 and an increase to 4.8-5.6% (yoy) in 2025. Indonesia’s
     4,8-5,6% (yoy) di tahun 2025. Ekonomi Indonesia diyakini         economy is believed to remain resilient as supported by strong
     akan tetap resilien didukung oleh kuatnya permintaan             domestic demand, consumption and investment despite
     domestik, konsumsi, dan investasi di tengah pertumbuhan          global economic growth which is estimated to remain weak.




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Management Discussion and Analysis         Corporate Governance Report          Integrated Corporate Social Responsibility/Sustainability Report




ekonomi global yang diperkirakan masih dalam posisi                 To manifest such solid growth, the Government will optimize its
yang lemah. Untuk dapat mewujudkan pertumbuhan                      2024 State Budget (APBN) with tools to stimulate the national
yang solid tersebut, Pemerintah akan mengoptimalkan                 economy as well as encourage economic transformation
APBN 2024 sebagai tools untuk menstimulus perekonomian              acceleration that is more inclusive, greener, and sustainable.
nasional serta untuk mendorong akselerasi transformasi
ekonomi yang lebih inklusif, lebih hijau, dan berkelanjutan.


Sejalan dengan momentum pemulihan ekonomi nasional yang             In line with the national economic recovery momentum which
diprakirakan akan melanjutkan pertumbuhan solid dan positif         is estimated to continue with solid and positive growth during
selama 2024, demikian pula pasar properti diproyeksikan akan        the year 2024, and likewise with the property market which is
mendapat angin segar di tahun depan sejalan dengan potensi          projected to receive fresh air in the coming year in line with the
penurunan BI rate yang sekarang sudah menyentuh puncaknya.          potential decline in the BI rate which has now reached its peak.
Dengan penurunan suku bunga tersebut, Dewan Komisaris               With interest rates’ reduction, the Board of Commissioners
menilai sektor properti akan tumbuh lebih baik dan hal ini          assesses that the property sector will commendably grow and
tentunya juga menjadi kabar baik bagi Perseroan.                    this will certainly be good news for the Company.


Melihat perkembangan positif pemulihan ekonomi dan                  Seeing the positive economic recovery development and
perbaikan kinerja sektor properti ke depan, Dewan Komisaris         improvement in the coming property sector’s performance,
berpandangan bahwa prospek usaha Perseroan untuk tahun              the Board of Commissioners views that the Company’s business
2024 yang telah disusun dan disampaikan oleh Direksi kepada         prospects for the year 2024 set-forth and submitted by the
kami sudah sangat baik dan cukup merepresentasikan berbagai         Board of Directors to us are promising and adequately represent
peluang dan tantangan kedepan, serta telah memperhitungkan          various future opportunities and challenges, and have taken
kapasitas, kapabiltas maupun pengalaman yang dimiliki               into account the capacity, capabilities and experience of the
Perseroan sehingga relevan untuk diwujudkan.                        Company so they are relevant to actualize.


Berbekal pengalaman yang sudah teruji dan didukung oleh             Equipped with proven experience and supported by an extensive
portofolio properti yang ekstensif, kami optimis Pereroan           property portfolio, we are optimistic that the Company will be
akan mampu berkembang dan bertumbuh dalam segala situasi.           capable of developing and growing in any situation. As proven
Seperti yang sudah dilakukan di tahun-tahun sebelumnya,             in the previous years, the Board of Commissioners remains
Dewan Komisaris berkomitmen untuk terus mendukung dan               committed to continuing to support and accompany the Board
mendampingi Direksi dalam merumuskan langkah-langkah                of Directors in formulating strategic steps that will be carried
strategis yang akan ditempuh di 2024 sehingga Perseroan             out in 2024 so that the Company can yield optimal results for
dapat memberikan hasil terbaik bagi para pemegang saham             shareholders and other stakeholders.
dan stakeholders lainnya.



PANDANGAN ATAS PENERAPAN TATA                                       VIEWS ON CORPORATE GOVERNANCE
KELOLA PERUSAHAAN                                                   IMPLEMENTATION

Dalam menjalankan fungsi pengawasan, Dewan Komisaris                In performing its supervisory function, the Board of
tidak hanya melakukan monitoring atas hasil akhir tetapi juga       Commissioners is not only monitoring the end results but also
memastikan bahwa setiap proses yang telah diupayakan Direksi        ensuring that each process strived by the Board of Directors
beserta manajemen untuk mencapai target yang diharapkan             and its management team to achieve expected targets is carried
senantiasa dilaksanakan dengan cara-cara yang beretika              out with ethical means and complies with applicable laws and
serta mematuhi peraturan dan ketentuan yang berlaku.                regulations. For this reason, the Board of Commissioners
Karena itu, Dewan Komisaris senantiasa menempatkan aspek            consistently places the implementation of Good Corporate
penerapan Tata Kelola Perusahaan yang Baik (Good Coporate           Governance (“GCG”) as one of the assessment indicator and
Governance/”GCG”) sebagai salah satu indikator penilaian dan        main focus of the Board’s supervision every year.
fokus pengawasan utama setiap tahunnya.




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           Kilas Kinerja                    Profil Perusahaan                  Laporan Manajemen                    Unit Pendukung Bisnis
      Performance Highlights                 Corporate Profile                 Management Report                     Business Support Unit




     Dengan dibantu oleh komite pendukung yang berada di                 With the assistance of the supporting committees under the
     bawahnya, pada tahun 2023, Dewan Komisaris telah melakukan          responsibility of the Board of Commissioners, in 2023, the
     pemantauan dan peninjauan secara seksama mengenai                   Board of Commissioners carefully monitored and reviewed
     kesesuaian aktivitas operasional Perseroan terhadap peraturan       the conformity of the Company’s operational activities to
     perundang-undangan yang berlaku dan best practices penerapan        applicable laws and regulations and best practices in GCG
     GCG. Berdasarkan hasil pengawasan tersebut, kami berpendapat        implementation. Based on supervision results, we are of the
     bahwa penyelenggaraan seluruh kegiatan usaha Perseroan              opinion that the Company’s overall business activities were
     sudah dilakukan sesuai aturan-aturan baku yang berlaku di           carried out in accordance with the standard rules that apply in
     pasar modal dan di industri properti, serta sudah mengindahkan      the capital market and in the property industry, and have heeded
     prinsip-prinsip GCG, yang meliputi Transparency, Accountability,    the principles of GCG, namely Transparency, Accountability,
     Responsibility, Independency dan Fairness (TARIF).                  Responsibility, Independency and Fairness (TARIF).


     Komitmen      Direksi     dan   segenap   manajemen         dalam   The commitment of the Board of Directors and management
     menyelenggarakan proses bisnis yang bertanggung jawab               team to carrying out responsible business processes is reflected
     juga tercermin dari pengelolaan risiko, sistem pengendalian         in their effective risk management, internal control system
     internal dan audit internal yang efektif, serta pelaksanaan         and internal audit, as well as in implementing compliance. By
     kepatuhan. Dengan berpegang teguh terhadap penerapan GCG,           strongly adhering to the implementation of GCG, the Board of
     Dewan Komisaris berpendapat bahwa Perseroan telah berhasil          Commissioners is of the opinion that the Company succeeded in
     membangun fondasi lingkungan bisnis yang berkelanjutan serta        building the foundation of a sustainable business environment,
     mampu menghindari transaksi yang memiliki potensi risiko            is able to avoid transactions with potential high risks, especially
     tinggi, utamanya terhadap risiko reputasi, dan tidak terlibat       reputation risk, and is not involved in cases or legal cases related
     dalam kasus atau perkara hukum terkait korupsi, gratifikasi,        to corruption, gratification or violation of the Company’s Code
     atau pelanggaran terhadap Kode Etik Perseroan.                      of Ethics.


     Atas pencapaian tata kelola yang sudah baik ini, Dewan Komisaris    For this accomplishment in good governance, the Board of
     tetap mencermati adanya hal-hal yang perlu ditingkatkan dalam       Commissioners remains attentive to matters that require further
     penerapan GCG di masa datang, misalnya terkait business             future improvements with respect to GCG implementation, for
     resilience, penanganan keluhan pelanggan, dan hal lainnya.          example those related to business resilience, handling customer
     Bersama-sama dengan Direksi, kami akan terus berupaya               complaints, and others. In joint efforts with the Board of
     mengimplementasikan praktik-praktik corporate governance            Directors, we will continue to strive to implement the best
     yang terbaik pada setiap pengambilan keputusan strategis            corporate governance practices in every strategic decision-
     Perseroan dan menjadikan GCG sebagai bagian dari Budaya             making of the Company and make GCG part of the Corporate
     Perusahaan yang diyakini dapat memberikan nilai tambah bagi         Culture believed to generate added value for stakeholders in
     para pemangku kepentingan pada jangka panjang.                      the long run.




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Analisis dan Pembahasan Manajemen        Laporan Tata Kelola Perusahaan    Tanggung Jawab Sosial Perusahaan Terintegrasi/Laporan Keberlanjutan
Management Discussion and Analysis        Corporate Governance Report          Integrated Corporate Social Responsibility/Sustainability Report




PERUBAHAN KOMPOSISI DEWAN                                          CHANGES IN COMPOSITION OF THE
KOMISARIS                                                          BOARD OF COMMISSIONERS

Selama tahun buku 2023, tidak terdapat perubahan pada              During the financial year 2023, there were no changes in the
komposisi Dewan Komisaris Perseroan.                               composition of the Company’s Board of Commissioners.



APRESIASI                                                          APPRECIATION

Kami menyampaikan terima kasih kepada seluruh jajaran Direksi      We hereby extend our gratitude to the entire Board of Directors,
dan segenap karyawan atas kerja keras dan dedikasinya sehingga     management team, and all employees for the hard work and
Perseroan dapat menutup tahun 2023 dengan sebaik-baiknya.          dedication that the Company was able to close the year 2023 in
Kami juga memberikan apresiasi yang setinggi-tingginya kepada      the best way possible. We also present our highest appreciation
para pemegang saham, pelanggan, dan segenap pemangku               to the shareholders, customers, and all other stakeholders for
kepentingan lainnya yang selama ini telah memberikan dukungan      the continuous full support to the Company’s business journey
penuh terhadap perjalanan bisnis Perseroan.                        to date.


Kami berharap motivasi dan semangat kerja seluruh insan            We truly hope the work motivation and spirit of all employees
karyawan dapat selalu dijaga sehingga Perseroan dapat              can be continually maintained so that the Company can develop
mengembangkan portofolio properti yang lebih beragam               a property portfolio that is more diverse and useful in optimally
dan bermanfaat dalam memenuhi kebutuhan dan gaya hidup             meeting the needs and lifestyle of customers. Thus, the
pelanggan secara maksimal. Dengan begitu, Perseroan dapat          Company may direct its focus to continue to grow and develop
mengarahkan fokusnya untuk terus bertumbuh dan berkembang          commendably and sustainably going forward.
lebih baik dan berkelanjutan di masa depan.




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




                                                 Bambang Irawan Hendradi
                                                       Komisaris Utama
                                                   President Commissioner




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          Kilas Kinerja                    Profil Perusahaan    Laporan Manajemen   Unit Pendukung Bisnis
     Performance Highlights                 Corporate Profile   Management Report    Business Support Unit




     Laporan Direksi
     Report from the Board of Directors




                                ''
           Sejalan dengan pertumbuhan
           positif di industri properti,
           Perseroan menutup tahun 2023
           dengan kemajuan yang baik.

           In line with the positive growth of the
           property industry, the Company
           managed to close 2023 with a good




                                ''
           progress.




                        Ambono Janurianto
                              Presiden Direktur
                              President Director




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Analisis dan Pembahasan Manajemen          Laporan Tata Kelola Perusahaan    Tanggung Jawab Sosial Perusahaan Terintegrasi/Laporan Keberlanjutan
Management Discussion and Analysis          Corporate Governance Report          Integrated Corporate Social Responsibility/Sustainability Report




Para Pemegang Saham dan Pemangku Kepentingan yang kami               Our Distinguished Shareholders and Stakeholders,
hormati,


Sebagaimana sudah kita lalui bersama, tahun 2023 masih menjadi       As we went through the year 2023 together, it was still a year full
tahun yang penuh tantangan bagi Perseroan sejalan dengan             of challenges for the Company as the property industry has yet
belum optimalnya kinerja industri properti khususnya pasar           reach its optimum performance, specifically for the apartment
apartemen dan perkantoran terlebih di masa pascapandemi.             and office space markets, especially in the post-pandemic period.
Namun dengan sumber daya yang dimiliki, Perseroan tetap              However, with the resources available, the Company continued
berusaha untuk bangkit dan menyesuaikan diri dengan kondisi          to strive to recover and adapt to the external conditions to
eksternal untuk memastikan keberlanjutan bisnis pada jangka          ensure long-term business sustainability.
panjang.


Sehubungan dengan hal tersebut, perkenankanlah saya mewakili         In this respect, please allow me on behalf of the Board of
jajaran Direksi PT Bakrieland Development Tbk (“Perseroan”           Directors of PT Bakrieland Development Tbk (“Company” or
atau “Bakrieland”) menyampaikan Laporan Direksi untuk                “Bakrieland”) to submit the Board of Directors’ Report for
tahun buku yang berakhir pada 31 Desember 2023. Laporan              the financial year which ended on 31 December 2023. This
ini menyajikan analisis atas kinerja Perseroan, analisis tentang     report presents an analysis of the Company’s performance,
prospek usaha ke depan, komitmen terhadap keberlanjutan              an analysis of future business prospects, our commitment to
bisnis, perkembangan penerapan tata kelola perusahaan yang           business sustainability, the development of the implementation
baik, serta penilaian terhadap komite-komite di bawah Direksi        of good corporate governance, as well as the assessment of
dan perubahan komposisi Direksi.                                     committees under the Board of Directors and the changes in
                                                                     the composition of the Board of Directors.



PERTUMBUHAN EKONOMI                                                  NATIONAL ECONOMIC GROWTH
NASIONAL TETAP SOLID DITENGAH                                        REMAINED SOLID AMIDST
KETIDAKPASTIAN KONDISI EKONOMI                                       UNCERTAINTIES IN GLOBAL ECONOMIC
GLOBAL TAHUN 2023                                                    CONDITIONS IN 2023
Setelah mendapat pukulan keras akibat pandemi COVID-19 di            After a hard blow by COVID-19 pandemic in 2020, the long
tahun 2020, jalan panjang pemulihan ekonomi global masih             road to global economic recovery remained difficult in 2023.
terasa berat di tahun 2023. Berbagai downside risks masih            Various downside risks were still affecting global economic
mewarnai aktivitas ekonomi global, seperti inflasi dan suku          activities, such as inflation and benchmark interest rates that
bunga acuan yang persisten tinggi, berlanjutnya tensi geopolitik     were persistently high, continuing geopolitical tensions between
antara Rusia & Ukraina serta memanasnya konflik di Timur             Russia and Ukraine, as well as the escalating conflict in the
Tengah, meredupnya perekonomian Tiongkok, hingga faktor              Middle East, the decline of China’s economy, and climate change
perubahan iklim yang kini tengah menjadi ancaman nyata bagi          which is now a real threat to humanity and the business world.
manusia dan dunia usaha. Gambaran dan analisis mengenai              An overview and analysis of the challenges of world economic
tantangan pemulihan ekonomi dunia yang cenderung mengalami           recovery which were likely to experience pressures throughout
tekanan sepanjang 2023 tercermin dari laporan World Economic         2023 is reflected in the January 2024 edition of the International
Outlook (WEO) Dana Moneter Internasional (IMF) edisi Januari         Monetary Fund’s (IMF) World Economic Outlook (WEO) report
2024 yang memproyeksikan pertumbuhan ekonomi dunia turun             which projects world economic growth to fall from 3.5% (yoy)
dari 3,5% (yoy) pada 2022 menjadi 3,0% (yoy) di tahun 2023.          in 2022 to 3.0% (yoy) in 2023.


Di tengah berbagai terpaan tantangan global, perekonomian            In the midst of various global challenges, the Indonesian
Indonesia tetap berada di jalur pemulihan yang diharapkan            economy remained on the expected recovery track with the
dengan laju pertumbuhan secara full year selama 2023                 full year growth rate during 2023 recorded at 5.05% (yoy), and
dibukukan mencapai 5,05% (yoy) dan laju inflasi tahun 2023           the inflation rate in 2023 remained under control within the
tetap terkendali pada rentang sasaran 3%±1, yaitu sebesar            target range of 3% ±1, namely at 2.61% (yoy). The acceleration




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           Kilas Kinerja                     Profil Perusahaan                 Laporan Manajemen                  Unit Pendukung Bisnis
      Performance Highlights                  Corporate Profile                Management Report                   Business Support Unit




     2,61% (yoy). Akselerasi pertumbuhan ekonomi nasional ditopang       of national economic growth was supported by private
     oleh konsumsi swasta, termasuk konsumsi generasi muda, yang         consumption, including consumption by the young generation
     meningkat sejalan peningkatan konsumsi di sektor jasa dan           which increased in line with the increased in consumption of the
     keyakinan konsumen yang masih tinggi.                               services sector and consumers’ confidence which remained high.


     Salah satu sektor penggerak pertumbuhan ekonomi nasional            One of the sectors that boost the national economic growth
     di tahun 2023 adalah industri properti yang mencatatkan             in 2023 was the property industry which recorded a positive
     pertumbuhan positif dengan kontribusi terhadap Pendapatan           growth that contributed to the Gross Domestic Product (GDP)
     Domestik Bruto (PDB) mencapai 14%. Sejalan dengan resmi             reaching 14%. Following the official lifting of the pandemic
     dicabutnya status pandemi, sejumlah sektor terlihat sudah mulai     status, a number of sectors appeared to start recovering in
     bangkit di tahun 2023, seperti sektor perhotelan, sektor industri   2023, such as the hotel sector, industrial or warehouse sector,
     atau warehouse, serta sektor ritel.                                 and retail sector.


     Namun, harus diakui sektor perkantoran terlihat memerlukan          However, it must be acknowledged that the office sector
     waktu pemulihan yang lebih lama karena masih harus                  requires a longer recovery time as it has to endure the problems
     menanggung masalah kelebihan pasokan yang cukup tinggi              of the high oversupply level and demands for office space
     serta permintaan ruang kantor yang belum sepenuhnya pulih           which have yet to fully recover due to the pandemic impact. A
     dari dampak pandemi. Kondisi serupa juga dialami sektor             similar condition was also experienced by the apartment sector,
     apartemen, dimana pada tahun 2023, sektor apartemen belum           whereas in 2023, the apartment sector has yet to show a strong
     mampu menunjukkan upaya pemulihan yang kuat seperti yang            indication of recovery as occurred in other property sectors.
     terjadi pada sektor-sektor properti lainnya. Sebagai perusahaan     This also impacted the Company’s performance throughout
     properti yang terintegrasi, kinerja Perseroan selama 2023 juga      the year 2023, especially the sales of apartment units which
     masih mengalami tekanan karena performa aset perhotelan             were not optimal.
     dan perkantoran yang masih terkoreksi.


     Di sisi lain sejalan dengan pertumbuhan positif di industri         On the other hand, in line with the positive growth of the
     properti, bisnis perhotelan berhasil menutup tahun 2023 dengan      property industry, the hotel business managed to close 2023
     kemajuan yang baik. Peningkatan kinerja perhotelan didukung         with a good progress. This increase was supported by the
     oleh tingkat kegiatan bisnis dan perekonomian yang meningkat        increased level of business and economic activity, which drove
     sehingga mengharuskan pelaku bisnis untuk melakukan                 business parties to travel again, and also by the support of
     perjalanan kembali, serta juga didukung oleh investasi dari         government investment in infrastructure that allows easier
     pemerintah terhadap infrastruktur sehingga memudahkan               mobility.
     pergerakan masyarakat.


     Sementara dari bisnis perumahan, tren penjualan rumah tapak         Meanwhile, in the housing business, the sales trend in landed
     menunjukkan pertumbuhan yang manis di akhir tahun 2023.             housing showed positive growth at the end of 2023. Bank
     Hasil Survei Bank Indonesia menunjukkan penjualan properti          Indonesia Survey results showed that residential property sales
     residensial pada kuartal IV/2023 naik 3,37% (yoy) setelah pada      in the fourth quarter of 2023 rose by 3.37% (yoy) after a decline
     kuartal sebelumnya menurun 6,59% (yoy), penjualan rumah tipe        of 6.59% (yoy) in the previous quarter, sales of medium type
     menengah tumbuh 6,29% (yoy) setelah pada kuartal III/2023           houses grew by 6.29% (yoy) after a decline of 13.90% (yoy) in
     turun 13,90% (yoy), dan penjualan rumah tipe besar tumbuh           the third quarter of 2023, and sales of large type houses grew
     19,93% (yoy) pada kuartal IV/2023, setelah penjualan pada           by 19.93% (yoy) in the fourth quarter of 2023, whereas in the
     kuartal sebelumnya turun 0,20% (yoy).                               previous quarter it declined by 0.20% (yoy).


     Momentum pertumbuhan kinerja yang positif juga datang dari          A positive performance growth momentum also came from the
     sektor pariwisata. Kementerian Pariwisata dan Ekonomi Kreatif       tourism sector. The Indonesian Ministry of Tourism and Creative
     (Kemenparekraf) RI merilis bahwa kontribusi pariwisata terhadap     Economy (Kemenparekraf) informed that the contribution of
     PDB tahun 2023 adalah sebesar 3,8% hingga September 2023.           tourism to GDP in 2023 was 3.8% until September 2023. This
     Angka ini sudah lebih tinggi dibandingkan dengan periode yang       figure was higher compared to 3.6% in the same period of the
     sama di tahun lalu sebesar 3,6%.                                    previous year.




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Analisis dan Pembahasan Manajemen          Laporan Tata Kelola Perusahaan    Tanggung Jawab Sosial Perusahaan Terintegrasi/Laporan Keberlanjutan
Management Discussion and Analysis          Corporate Governance Report          Integrated Corporate Social Responsibility/Sustainability Report




Sementara dari sisi pasar keuangan, sejalan dengan tren              Meanwhile, from the financial market point of view, in line with
kenaikan suku bunga acuan yang diterapkan di negara-negara           the trend of increasing benchmark interest rates implemented
maju dan negara berkembang lainnya, Bank Indonesia (BI) masih        in developed countries and other developing countries, Bank
mempertahankan BI-Rate di level tinggi sebesar 6,00% (yoy) pada      Indonesia (BI) maintained the BI-Rate at a high level of 6.00%
periode Desember 2023. Langkah kebijakan ini diambil untuk           (yoy) in the December 2023 period. This policy was applied to
mendukung stabilisasi nilai tukar rupiah di tengah penguatan         support the stabilization of the rupiah exchange rate amidst
US Dollar serta merupakan langkah pre-emptive dan forward            the strengthening of the US Dollar as well as a pre-emptive
looking untuk memastikan inflasi tetap terkendali dalam rentang      and forward-looking step to ensure inflation remains under
sasaran yang telah ditetapkan.                                       control within the predetermined target range.


Dengan mempertimbangkan berbagai dinamika eskternal                  Taking into account various external dynamics and every change
dan setiap perubahan kondisi lingkungan bisnis yang terjadi          in the conditions of the business environment that occurred
di sektor properti selama 2023, Direksi akan berfokus pada           in the property sector during 2023, the Board of Directors will
langkah-langkah strategis yang diperlukan untuk mendukung            focus on the strategic steps needed to support sustainable
pertumbuhan bisnis yang berkelanjutan.                               business growth.



PERAN DIREKSI DALAM PROSES                                           ROLE OF THE BOARD OF DIRECTORS
PERUMUSAN STRATEGI DAN RENCANA                                       IN THE PROCESS OF FORMULATING
BISNIS, SERTA PENGAWASAN                                             BUSINESS STRATEGIES AND PLANS,
TERHADAP IMPLEMENTASINYA                                             AND IMPLEMENTATION SUPERVISION
Direksi memegang peran kunci dalam proses perumusan strategi         The Board of Directors plays a key role in the strategy
dan penentuan arah kebijakan strategis Perseroan, dimana hal ini     formulation process and in determining the direction of the
merupakan implementasi dari pelaksanaan tugas dan tanggung           Company’s strategic policies, as this is the implementation
jawab Direksi secara kolegial. Selama proses berlangsung, setiap     of the collegial duties and responsibilities of the Board of
anggota Direksi dan organ-organ pendukung di bawahnya                Directors. During the process, each member of the Board of
berkontribusi menyumbangkan pemikiran dan pandangan                  Directors and supporting units contributes ideas and views in
sesuai dengan kompetensi dan pengalaman profesional yang             accordance with their respective professional competency and
dimiliki, termasuk mengakomodir masukan dan arahan dari              experience, including in accommodating inputs and directives
Dewan Komisaris.                                                     from the Board of Commissioners.


Setelah melalui seluruh tahapan tersebut, kami memastikan            After passing through all these stages, we ensured that the
strategi dan kebijakan strategis yang sudah ditetapkan untuk         strategies and strategic policies setforth for the year 2023 were
tahun 2023 telah selaras dengan visi dan misi Perseroan, serta       in line with the Company’s vision and mission, and received
sudah mendapatkan persetujuan Dewan Komisaris. Untuk                 approval from the Board of Commissioners. To ensure that
memastikan eksekusi strategi telah dilakukan secara konsisten        strategy execution was carried out consistently and correctly
dan benar oleh masing-masing unit bisnis, Direksi mengadakan         by each business unit, the Board of Directors held regular
rapat koordinasi secara berkala dengan jajaran manajemen untuk       coordination meetings with the management to review the
meninjau progres dari penerapan strategi dan menganalisa hasil       progress of strategy implementation and analyzed output
yang dicapai.                                                        achieved.


Keterlibatan aktif Direksi pada seluruh tahapan mulai                The active involvement of the Board of Directors at all stages,
dari perancangan strategi, penetapan, hingga mengawal                from strategy design to determining and directly monitoring
langsung pelaksanaannya, memungkinkan kami untuk dapat               its implementation, allows us to identify issues or obstacles
mengidentifikasi isu-isu atau kendala yang dihadapi di lapangan      faced in the field faster so that risk mitigation steps can also be
dengan lebih cepat sehingga langkah-langkah mitigasi risiko          taken as early as possible. If required, the Board of Directors can
juga dapat diambil sedini mungkin. Apabila diperlukan,               also make adjustments to the strategy implemented during the
Direksi juga dapat melakukan penyesuaian terhadap strategi           financial year so that the Company’s business growth remains
yang dijalankan selama tahun buku agar pertumbuhan bisnis            on track as expected by shareholders and other stakeholders.
Perseroan senantiasa berada di jalur yang diharapkan pemegang
saham dan pemangku kepentingan lainnya.
                                                                                                       2023 Annual Report Bakrieland            67
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           Kilas Kinerja                   Profil Perusahaan                 Laporan Manajemen                  Unit Pendukung Bisnis
      Performance Highlights                Corporate Profile                Management Report                   Business Support Unit




     PRIORITAS STRATEGI DAN KEBIJAKAN                                  COMPANY’S STRATEGY PRIORITIES
     STRATEGIS PERSEROAN UNTUK                                         AND STRATEGIC POLICIES TO ACHIEVE
     MERAIH PERTUMBUHAN YANG LEBIH                                     IMPROVED GROWTH
     BAIK

     Direksi melihat situasi perekonomian hingga iklim dunia usaha     The Board of Directors observed that the economic situation
     di masa pascapandemi mengalami distorsi karena proses             and business climate in the post-pandemic period were
     pemulihan yang dialami setiap sektor industri sangatlah           experiencing distortions due to the highly diverse recovery
     beragam, begitu juga yang dirasakan oleh sektor properti.         process experienced by every industrial sector, as well as
     Dengan kondisi eksternal yang belum sepenuhnya pulih,             by the property sector. With external conditions not fully
     tahun 2023 tentu masih menjadi tahun yang menantang bagi          recovered, 2023 surely remained a challenging year for the
     Perseroan. Namun, kami tetap berupaya semaksimal mungkin          Company. However, we strived with efforts to provide optimal
     untuk dapat memberikan kinerja yang optimal di tengah situasi     performance in the midst of a situation full of limitations.
     yang penuh keterbatasan.


     Sebagai upaya untuk menciptakan nilai positif bagi pemegang       In an effort to create positive values for shareholders and
     saham dan pemangku kepentingan, pada tahun 2023, Perseroan        stakeholders, in 2023, the Company focused on implementing
     berfokus pada implementasi strategi yang diarahkan untuk          strategies aimed at increasing recurring and non-recurring
     meningkatkan pertumbuhan pendapatan berulang (recurring)          revenue growth through the development of new amusement
     dan tidak berulang (non-recurring) melalui pengembangan           parks in several existing land bank of the Company and at
     baru taman rekreasi di beberapa land bank yang sudah dimiliki     continuing to develop middle segment residential projects in
     Perseroan dan melanjutkan pengembangan proyek hunian              the Sidoarjo and Bogor areas.
     segmen menengah pada area Sidoarjo dan Bogor.


     Sepanjang tahun buku 2023, Perseroan secara khusus telah          Throughout the 2023 financial year, the Company specifically
     menerapkan langkah-langkah strategis untuk mendorong              implemented strategic steps to boost revenue from the recurring
     pendapatan dari segmen recurring mengingat nilai kontribusinya    segment considering its contribution value that reached more
     yang mencapai lebih dari 50% total pendapatan tahunan             than 50% of the Company’s total annual revenue. To ensure that
     Perseroan. Agar pertumbuhan pendapatan dari segmen recurring      the revenue growth from the recurring segment remains high,
     tetap tinggi, kami telah mengupayakan berbagai cara seperti       we attempted such various means as carrying out attractive
     melakukan promosi-promosi yang menarik, menawarkan fasilitas      promotions, offering innovative facilities, and continuing to
     yang inovatif, serta terus berusaha menggali ceruk bisnis lain    explore other business niches by penetrating new markets.
     dengan berpenetrasi ke pasar yang baru. Di sisi lain, Perseroan   On the other hand, The Company also paid more attention on
     juga memberikan perhatian lebih terhadap peningkatan              ways to increase the non-recurring segment income through
     pendapatan segmen non-recurring melalui kelanjutan proyek         continuation landed house property project for the middle
     properti rumah tapak segmen menengah di wilayah Sidoarjo          segment market in the Sidoarjo and Bogor areas.
     dan Bogor.


     Strategi lainnya yang juga menjadi prioritas Perseroan adalah     Another strategy also prioritized by the Company was the
     redevelopment dan peremajaan aset yang dimiliki Perseroan         redevelopment and rejuvenation of existing assets through
     dalam rangka optimalisasi aset-aset yang dimiliki untuk           optimizing existing assets in order to increase revenue.
     peningkatan pendapatan.


     Strategi penguatan pendapatan di atas disertai dengan             The above revenue strengthening strategy was supported
     penguatan struktur keuangan dan peningkatan profitabilitas        through strengthening the financial structure and increasing
     melalui upaya efisiensi operasional. Perseroan juga berupaya      profitability through operational efficiency efforts. The Company
     menjalin usaha kerja sama untuk mempercepat realisasi             also seeks to establish collaborative efforts to accelerate the
     pengembangan proyek, serta mensinergikan fungsi penjualan         realization of project development, as well as synergize sales
     dan pemasaran dalam Perseroan untuk mengoptimalkan                and marketing functions within the Company to optimize sales.
     penjualan.




68    Bakrieland Laporan Tahunan 2023
Page 71
Analisis dan Pembahasan Manajemen           Laporan Tata Kelola Perusahaan    Tanggung Jawab Sosial Perusahaan Terintegrasi/Laporan Keberlanjutan
Management Discussion and Analysis           Corporate Governance Report          Integrated Corporate Social Responsibility/Sustainability Report




Dengan komitmen penuh dari seluruh jajaran manajemen dan              With full commitment from all levels of management and all
segenap karyawan dalam menerapkan strategi yang telah                 employees to implementing the approved strategy, we are
disetujui, kami meyakini Perseroan akan terus tumbuh dan              confident that the Company will continue to grow and develop
berkembang sebagai perusahaan properti yang terintegrasi              as an integrated property company capable of providing good
dan mampu memberikan good living products.                            living products.



ANALISIS KINERJA PERSEROAN                                            ANALYSIS OF COMPANY
TAHUN 2023                                                            PERFORMANCE IN 2023

Perbandingan Target dan Realisasi                                     Target and Actual Performance
Kinerja Tahun 2023                                                    Comparison in 2023
Berbagai langkah strategis yang telah dilakukan di tahun              Various strategic steps that have been taken in 2023 have
2023 terbukti efektif dalam mendorong pertumbuhan                     proven effective in driving performance growth in several
kinerja di beberapa lini bisnis yang pada gilirannya berhasil         business lines, which in turn have succeeded in improving the
meningkatkan posisi top lines Perseroan. Hal ini tercermin            position of the Company’s top lines. This is reflected in revenue
dari pertumbuhan pendapatan sebesar 24% dari tahun                    growth of 24% from the previous year, so it was recorded at
sebelumnya sehingga dibukukan menjadi Rp1.273 miliar                  Rp1,273 billion (100% achieved from the 2023 target). Of this
(tercapai 100% dari target 2023). Dari jumlah tersebut, pendapatan    amount, non-recurring income contributed to significant growth
non-recurring menyumbang pertumbuhan signifikan hingga 51%            of up to 51% from Rp183 billion in 2022 to Rp276 billion this
dari Rp183 miliar pada tahun 2022 menjadi Rp276 miliar di             year. Meanwhile, recurring income grew 18% from Rp844 billion
tahun ini. Sementara pendapatan recurring tumbuh 18% dari             in 2022 to Rp998 billion.
Rp844 miliar pada tahun 2022 menjadi Rp998 miliar.


Secara umum, kenaikan pendapatan neto selama 2023                     In general, the increase in net income during 2023 comes from
bersumber dari peningkatan penjualan rumah, tanah, dan                increased sales of houses, land, and apartments in the non-
apartemen dari segmen pendapatan non-recurring. Selain                recurring income segment. Apart from that, the increase in
itu, kenaikan pendapatan recurring didorong oleh sewa dan             recurring income was driven by the rental and management
pengelolaan perkantoran serta hotel, makanan, dan minuman.            of offices as well as hotels, food, and beverages.


Di tahun 2023, Perseroan mengalami peningkatan pendapatan             In the year 2023, the Company experienced an increment in
melalui segmen non-recurring. Hal ini dikarenakan secara umum         income through the non-recurring segment. This was generally
kondisi ekonomi untuk penjualan tanah, rumah dan apartemen            due to the improving economic condition in selling land, houses
membaik sehingga Perseroan dapat menjual beberapa properti.           and apartments that the Company was able to sell several
                                                                      properties.


Dengan pencapaian kinerja operasional maupun bisnis yang              With the various operational and business performance
beragam dari masing-masing Unit Usaha dan Entitas Anak,               achievements of each Business Unit and Subsidiary, the
realisasi laba kotor Perseroan mengalami peningkatan                  Company’s gross profit realization increased by 27% so that
27% sehingga dibukukan menjadi Rp437 miliar di tahun ini.             it was recorded at Rp437 billion this year. However, overall the
Namun secara keseluruhan profitabilitas Perseroan masih               Company’s profitability will still experience pressure in 2023
mengalami tekanan di 2023 atas non-operasional dan tidak              due to non-operations and will not affect cash flow as can be
mempengaruhi arus kas sebagaimana dapat dilihat dari posisi           seen from the Company’s net loss position which has increased.
rugi bersih Perseroan yang mengalami peningkatan. Hal ini             This does not affect business performance or the Company’s
tidak berpengaruh terhadap kinerja usaha maupun posisi k as           cash position.
Perseroan.




                                                                                                        2023 Annual Report Bakrieland            69
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           Kilas Kinerja                     Profil Perusahaan                 Laporan Manajemen                  Unit Pendukung Bisnis
      Performance Highlights                  Corporate Profile                Management Report                   Business Support Unit




     Meskipun implementasi berbagai inisiatif strategi bisnis            Though the Company seriously pursued with great discipline
     sebagaimana diuraikan sebelumnya telah diupayakan Perseroan         the implementation of various business strategy initiatives as
     dengan sungguh-sungguh dan penuh disiplin tinggi, namun             previously described, nevertheless, the slowdown in growth
     perlambatan pertumbuhan yang dialami beberapa segmen di             experienced by several segments in the national property
     industri properti nasional masih memberikan sentimen negatif        industry still provides negative sentiment for The Company’s
     bagi pengelolaan bisnis Perseroan yang pada akhirnya menekan        business management which ultimately puts pressure on the
     kinerja keuangan Perseroan. Ketidaktercapaian target-target         Company’s financial performance. We will use the unachieved
     kinerja tahun 2023 akan kami jadikan sebagai bahan evaluasi         performance targets in 2023 as evaluation material and a basis
     dan pijakan untuk merencanakan strategi kedepan yang lebih          for planning future strategies that are more effective and
     efektif dan efesien.                                                efficient.


     Tantangan dan Upaya Mitigasi                                        Challenges and Mitigation Efforts
     Secara agregat, kinerja industri properti selama 2023               Overall, the performance of the property industry during 2023
     berada pada posisi terkendali dan cukup baik sejalan dengan         was in a controlled and relatively good position in line with
     membaiknya perekonomian nasional dan masih tingginya                the improving national economy and the demand for housing
     kebutuhan rumah dari kalangan masyarakat. Berdasarkan               among the community which remained high. Based on the
     rilis Badan Pusat Statistik (BPS) dalam Survei Sosial Ekonomi       release from the Central Bureau of Statistics (BPS) in the 2023
     (Susenas) tahun 2023, dilaporkan bahwa kesenjangan angka            Socio-Economic Survey (Susenas), it was reported that the gap
     kebutuhan rumah (backlog) sepanjang tahun 2023 masih cukup          in housing needs (backlog) throughout 2023 was still quite
     tinggi di angka 12,7 juta. Dengan kondisi backlog kepemilikan       high at 12.7 million. With the home ownership backlog still
     rumah yang masih sangat besar di Indonesia, Perseroan               very large in Indonesia, the Company took the opportunity to
     berkesempatan untuk mendongkrak peranannya di industri              boost its role in the property industry, especially in assisting
     properti terutama dalam membantu Pemerintah mewujudkan              the Government with manifesting ownership of proper housing
     kepemilikan rumah layak bagi masyarakat luas.                       for the community at large.


     Tantangan lain yang dihadapi Perseroan terkait pengembangan         Another challenge faced by the Company regarding the
     proyek properti adalah, ketidakpastian yang memengaruhi             development of property projects was the uncertainty which
     keputusan belanja atau preferensi investasi konsumen untuk          influenced purchasing decisions or consumer investment
     hal-hal yang paling prioritas. Kenaikan harga sebagai dampak        preferences for the most prioritized possessions. The price
     dari inflasi tidak dapat dihindarkan sehingga biaya konstruksi      increase as a result of inflation was unavoidable, therefore
     melonjak sejalan dengan peningkatan harga material bangunan         construction costs soar in line with price increments in building
     dan biaya transportasi logistik. Menyikapi kondisi ini, Perseroan   materials and logistic transportation costs. Responding to this
     berusaha menyesuaikan kenaikan harga yang wajar dan dapat           condition, the Company tried to adjust price increments that
     diterima oleh konsumen. Perseroan tetap menyediakan produk          were reasonable and acceptable to consumers. The Company
     hunian dan fasilitas pendukungnya dengan kualitas yang              continued to provide residential products and supporting
     sebanding dengan harga yang dibayarkan konsumen.                    facilities of quality that are worthy to the prices paid by
                                                                         consumers.


     Dengan segala dinamika yang dihadapi, Perseroan optimis bahwa       With all the dynamics faced, the Company is optimistic that all
     seluruh tantangan ini hanya bersifat sementara sehingga dengan      these challenges are only temporary so that by implementing
     diterapkannya berbagai strategi yang tepat dan semangat untuk       various appropriate strategies and having the enthusiasm to
     terus berinovasi, diharapkan dapat mewujudkan ketangguhan           continue to innovate, it is hopeful that business resilience and
     bisnis dan menunjang kinerja Perseroan di periode mendatang.        support for the Company’s performance are achievable in the
                                                                         coming period.




70    Bakrieland Laporan Tahunan 2023
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Analisis dan Pembahasan Manajemen         Laporan Tata Kelola Perusahaan    Tanggung Jawab Sosial Perusahaan Terintegrasi/Laporan Keberlanjutan
Management Discussion and Analysis         Corporate Governance Report          Integrated Corporate Social Responsibility/Sustainability Report




PROSPEK USAHA TAHUN 2024                                            BUSINESS PROSPECTS IN 2024

Pada tahun 2024 mendatang, lanskap perekonomian global              In 2024, it is predicted that the global economic landscape will
diprediksi masih akan diwarnai dengan ketidakpastian tinggi         remain marked by high uncertainty as new emerging threats are
seiring munculnya ancaman-ancaman baru yang diyakini akan           believed to burden the economic recovery process in countries
membebani proses pemulihan ekonomi di negara-negara                 around the world. Several factors are predicted to continue
belahan dunia. Beberapa faktor yang diprediksi masih akan           to be of negative sentiment to global economic recovery,
menjadi sentimen negatif bagi pemulihan ekonomi global, di          including geopolitical tensions between Russia and Ukraine,
antaranya tensi geopolitik Rusia-Ukraina, Timur Tengah yang         the Middle East conflicts which remain ongoing, uncertainty
belum berakhir, ketidakpastian kebijakan suku bunga tinggi          over high interest rate policies by The Fed (US), as well as the
oleh The Fed AS, serta hasil kontestasi pemilu di sejumlah          results of election race in a number of countries, including the
negara termasuk yang akan diselenggarakan di Amerika Serikat        upcoming election in the United States (US) in November 2024.
(AS) pada November 2024 mendatang. Direksi menilai faktor           The Board of Directors assesses that these external factors
eksternal tersebut berpotensi memengaruhi arah kebijakan            have the potential to influence the direction of political and
politik dan perekonomian secara global dan nasional sehingga        economic policies globally and nationally, thus, this condition
kondisi ini perlu dicermati dengan seksama.                         requires careful observation.


Di tengah lesunya perekonomian global, ekonomi Indonesia            In the midst of the sluggish global economy, the Indonesian
diproyeksikan tetap akan tumbuh stabil pada kisaran 5% (yoy)        economy is projected to continue to grow steadily at around 5%
di 2024. Pertumbuhan ekonomi Indonesia akan ditopang oleh           (yoy) in 2024. Indonesia’s economic growth will be supported by
konsumsi domestik yang kuat dan belanja pemerintah yang             strong domestic consumption and high government spending,
tinggi terutama sehubungan dengan perhelatan Pemilu 2024,           especially in connection with the 2024 General Election, as well
serta rencana pembangunan Proyek Strategis Nasional (PSN)           as the National Strategic Project (PSN) development plans
termasuk Ibu Kota Nusantara (IKN).                                  including the Ibu Kota Nusantara (IKN/the new Capital of the
                                                                    Archipelago).


Didukung oleh fundamental ekonomi nasional yang solid               Supported by solid national economic fundamentals and
dan diperolehnya kepastian terhadap iklim usaha dari hasil          the certainty of the business climate from the results of the
kontestasi pemilu Indonesia pada paruh pertama tahun 2024,          Indonesian election in the first half of the year 2024, we believe
kami meyakini pasar akan memberikan respons positif termasuk        the market will provide a positive response, including the
industri properti. Senada dengan proyeksi positif terhadap          property industry. In line with positive projections regarding
kekuatan ekonomi nasional dan stabilitas yang tetap terjaga,        the strength of the national economy and maintained stability,
maka prospek atas sektor properti di 2024 juga diyakini akan        the prospects for the property sector in 2024 are also believed
membaik dengan asumsi pertumbuhan double digit sebesar              to improve with the assumption of a double digit growth of
10% menurut Asosiasi Real Estate Indonesia (REI).                   10% according to the Indonesian Real Estate Association (REI).


Selaras dengan proyeksi positif tersebut, aktivitas bisnis yang     In line with these positive projections, the business activities
dijalankan Perseroan juga diyakini akan semakin membaik dan         carried out by the Company are also believed to be increasingly
menjanjikan seiring dengan berbagai peluang pertumbuhan             improving and promising along with the various business growth
bisnis yang menyertainya. Dari sisi permintaan, Perseroan           opportunities that accompany them. From the demand side, the
berkomitmen untuk terus hadir dalam menjawab kebutuhan              Company is committed to continuing its presence in responding
masyarakat terhadap kepemilikan rumah pertama mengingat             to people’s needs for first home ownership considering the
angka backlog yang masih sangat tinggi, sekitar 12 juta             backlog number remains very high, around 12 million houses.
rumah. Selain itu kepemilikan Perseroan atas cadangan lahan         Apart from that, the Company’s ownership of relatively large
(landbank) yang tergolong luas di beberapa lokasi strategis         land reserves (landbank) in several strategic locations also
juga memungkinkan Perseroan untuk tetap mengembangkan               allows the Company to continue with property development
properti dalam beberapa tahun ke depan.                             in the next few years.




                                                                                                      2023 Annual Report Bakrieland            71
Page 74
           Kilas Kinerja                   Profil Perusahaan                 Laporan Manajemen                   Unit Pendukung Bisnis
      Performance Highlights                Corporate Profile                Management Report                    Business Support Unit




     Melalui inovasi produk properti dan dukungan infrastruktur        Through property product innovation and best infrastructure
     terbaik, Perseroan akan terus memastikan bahwa produk-            support, the Company will continue to ensure that property
     produk properti ataupun proyek pengembangan yang sedang           products or development projects in progress will always
     digarap akan selalu menjadi referensi dan pilihan konsumen.       serve as a reference and choice for consumers. In facing
     Dalam menghadapi dinamika usaha kedepan, Direksi akan             future business dynamics, the Board of Directors will carefully
     secara cermat mempelajari peluang-peluang bisnis baru yang        study new business opportunities that bring about promising
     mempunyai prospek menjanjikan sehingga Perseroan selalu           prospects so that the Company will always be prepared to face
     siap dalam menghadapi tantangan dan memiliki pijakan kuat         challenges and retain a strong footing to welcome even more
     untuk menyambut pertumbuhan bisnis yang lebih baik lagi.          promising business growth.



     PENERAPAN TATA KELOLA                                             IMPLEMENTATION OF GOOD
     PERUSAHAAN YANG BAIK SEBAGAI                                      CORPORATE GOVERNANCE AS BASIS
     LANDASAN DALAM MENGELOLA                                          TO MANAGE BUSINESS
     BISNIS
     Dalam menghadapi dinamika dan persaingan usaha yang               In facing the increasingly tight business dynamics and
     semakin ketat, Perseroan menegaskan komitmen tingginya            competition, the Company emphasizes its high commitment
     terhadap penerapan prinsip-prinsip Tata Kelola Perusahaan yang    to implementing the principles of Good Corporate Governance
     Baik (Good Corporate Governance/”GCG”) untuk mewujudkan           (GCG) in order to achieve quality and sustainable business
     pertumbuhan bisnis yang berkualitas dan berkelanjutan.            growth. As a public company, the implementation of GCG in
     Sebagai perusahaan terbuka, penerapan GCG di Perseroan            the Company refers to the applicable laws and regulations,
     mengacu pada peraturan perundang-undangan yang berlaku,           POJK No. 21/POJK.04/2015 concerning the Implementation of
     POJK No. 21/POJK.04/2015 tentang Penerapan Pedoman Tata           Governance Guidelines in Public Companies, and is also guided
     Kelola Perusahaan Terbuka, serta juga berpedoman pada praktik     by best practices applicable in the property industry.
     terbaik yang berlaku di industri properti.


     Melalui penerapan GCG yang konsisten pada setiap aspek            Through consistent implementation of GCG in every aspect of
     operasional bisnis dan di semua tingkatan organisasi, Perseroan   the business operations and at all levels of the organization, the
     berhasil mempertahankan kredensial dan keberlangsungan            Company succeeded in maintaining its credentials and business
     usahanya sebagai perusahaan properti terintegrasi di Indonesia.   continuity as an integrated property company in Indonesia.
     Sejauh ini meski masih dihadapkan dengan berbagai tantangan       Thus far, though still faced with various challenges at projects
     di proyek-proyek yang sedang dalam pengembangan, Perseroan        currently under development, the Company remains able to
     tetap mampu menjalankan seluruh kegiatan usahanya secara          carry out all its business activities professionally based on the
     profesional dengan berlandaskan pada prinsip transparansi,        principles of transparency, accountability, responsibility and
     akuntabilitas, responsibilitas dan kewajaran, serta didukung      fairness, and supported by the availability of Human Resources
     oleh ketersediaan Sumber Daya Manusia (SDM) yang unggul           (HR) of excellence and highly competitive as well as agile
     dan berdaya saing tinggi serta agile terhadap perubahan.          towards change.


     Sejalan dengan komitmen Perseroan untuk menerapkan                In line with the Company’s commitment to implement GCG
     GCG secara konsisten dan berkesinambungan, Direksi                consistently and continuously, the Board of Directors ensures
     memastikan implementasi GCG di Perseroan sudah berjalan           that the implementation of GCG in the Company is effectively
     efektif sepanjang tahun 2023, yang tercermin dari terjalinnya     implemented throughout the year 2023, as reflected in the
     hubungan antar-organ yang terbangun secara jelas dan dapat        establishment of clear and accountable inter-unit relationships,
     dipertanggungjawabkan, ketersediaan infrastruktur dan soft-       the availability of infrastructure and an adequate good
     structure tata kelola yang memadai, serta berjalannya sistem      governance soft-structure, as well as the operation of a robust
     pengendalian internal dan manajemen risiko yang robust baik       internal control and risk management system in both operational
     pada aspek operasional maupun finansial sehingga Perseroan        and financial aspects so that the Company can monitor, assess,
     dapat memantau, menilai, mengendalikan, dan memitigasi setiap     control and mitigate any risks with the potential to affect
     risiko yang berpotensi memengaruhi kelangsungan usaha baik        business continuity, both short and long terms.
     jangka pendek maupun jangka panjang.


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Management Discussion and Analysis               Corporate Governance Report          Integrated Corporate Social Responsibility/Sustainability Report




Selain itu, Perseroan mulai menjadikan Pedoman                Umum        In addition, the Company began to apply the 2021 General
Governansi Korporat Indonesia (PUGKI) 2021 sebagai acuan                  Guidelines for Indonesian Corporate Governance (PUGKI) as
dalam proses pengembangan Panduan Pelaksanaan GCG milik                   a reference in the process of developing the Company’s GCG
Perseroan. Hal ini merupakan wujud komitmen dalam penerapan               Implementation Guidelines. This is a form of commitment to
GCG di lingkungan Bakrieland.                                             implement GCG within Bakrieland.


Komitmen      terhadap     GCG       diyakini   akan   memberikan         It is believed that commitment to GCG will provide protection
perlindungan     bagi    para    pemangku        kepentingan      dan     for stakeholders and increase investor’s confidence so that, in
meningkatkan kepercayaan investor sehingga pada akhirnya                  the end, it supports the Company to continue moving forward
juga dapat membantu Perseroan untuk terus melangkah maju                  to reach greater business growth in the future.
mewujudkan pertumbuhan usaha yang lebih besar di masa
depan.


KOMITMEN TERHADAP                                                         COMMITMENT TO SUSTAINABILITY AND
KEBERLANJUTAN DAN TANGGUNG                                                CORPORATE SOCIAL RESPONSIBILITY
JAWAB SOSIAL PERUSAHAAN

Perseroan menyadari bahwa untuk dapat mengamankan                         The Company realizes that to be able to secure sustainable
pertumbuhan bisnis yang berkelanjutan diperlukan adanya                   business growth, there is a need for synergy and collaboration
sinergi dan kolaborasi serta dukungan penuh dari para pemangku            as well as full support from stakeholders, including employees,
kepentingan, baik karyawan, para investor, regulator, hingga              investors, regulators, and the community. The Company’s success
masyarakat luas. Keberhasilan Perseroan dalam mengembangkan               in developing property projects spread across a number of big
proyek-proyek properti yang tersebar di sejumlah kota besar               cities in Indonesia would certainly not be possible without the
di Indonesia tentu tidak akan bisa berlangsung jika tidak ada             good reception from local residents. Based on this awareness,
penerimaan yang baik dari warga sekitar. Atas kesadaran ini,              the Company is committed to participating in sustainable
maka Perseroan berkomitmen untuk turut berperan serta dalam               economic development.
pembangunan ekonomi berkelanjutan.


Agar senantiasa dapat memberikan dampak positif dalam setiap              In order to continually provide positive impact in every
aspek operasinya, Perseroan secara bertahap mengintegrasikan              aspect of its operations, the Company is gradually integrating
prinsip lingkungan, sosial, dan tata kelola (Environmental, Social,       Environmental, Social and Governance “ESG” principles which are
and Governance/”ESG”) yang diakui di tingkat dunia sebagai                recognized at the world level as one of the efforts to encourage
salah satu upaya untuk mendorong investasi yang ramah                     environmentally friendly investment and sustainability in the
lingkungan dan berkelanjutan di sektor properti. Dengan                   property sector. By adopting the ESG framework, the Company
mengadopsi kerangka ESG, Perseroan dapat terus berkarya                   continues to work and improve economic performance, but at
dan meningkatkan kinerja ekonomi, namun di saat yang                      the same time also carries out its role as an agent of change that
bersamaan juga menjalankan peran sebagai agen perubahan                   shares positive impacts on the environment and surrounding
yang membagikan dampak positif kepada lingkungan dan                      communities through Social and Environmental Responsibility
masyarakat sekitar lewat program Tanggung Jawab Sosial dan                (TJSL) programs that are in line with the Sustainability
Lingkungan (TJSL) yang selaras dengan Tujuan Pembangunan                  Development Goals “SDGs”
Berkelanjutan (Sustainability Development Goals/”SDGs”).


Komitmen penuh Perseroan terhadap pelestarian lingkungan                  The Company’s full commitment to environmental preservation
hidup tercermin dari Pilar Keberlanjutan Bakrieland di bidang             is reflected in Bakrieland’s Sustainability Pillar in the
lingkungan hidup, yaitu “Hijau Secara Menyeluruh (Green Through           environmental sector, namely “Green Through & Through”,
& Through)”, yang dijadikan sebagai pedoman dalam menggarap               which is used as a guideline in managing property development
proyek-proyek pengembangan properti dengan cara-cara yang                 projects in a responsible manner. The Company always carries
bertanggung jawab. Perseroan senantiasa mengusung konsep                  out an environmentally friendly concept in every property
ramah lingkungan pada setiap produk properti yang diluncurkan             product launched, and this is used as a reference for the
dimana hal ini dijadikan sebagai acuan bagi Perseroan dalam               Company in developing the master design of an area or product.
mengembangkan master design sebuah area atau produk.


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     Tidak   hanya     itu,    Perseroan   juga   mengkampanyekan       Not only that, the Company also campaigns for sustainability
     keberlanjutan di bidang lingkungan hidup kepada para               in the environmental sector for visitors, residents, tenants and
     pengunjung, penghuni, penyewa, dan masyarakat di sekitar           the community around Bakrieland’s property areas to actively
     area properti milik Bakrieland untuk berpartisipasi secara aktif   participate in various environmental initiatives that we promote.
     dalam berbagai inisiatif lingkungan hidup yang kami galakkan.


     Perseroan juga menunjukkan tekad penuh untuk menyukseskan          The Company also shows its full determination to make the
     pencapaian SDGs dengan berfokus pada peningkatan                   achievement of the SDGs a success by focusing on improving
     kesejahteraan hidup masyarakat melalui pilar keberlanjutan         the welfare of people’s lives through Bakrieland’s other
     Bakrieland lainnya, yaitu “It’s About the People”. Pada pilar      sustainability pillar, namely “It’s About the People”. With this
     ini, Perseroan dan seluruh Unit Usaha memberikan kontribusi        pillar, the Company and all Business Units provide sustainable
     yang berkelanjutan terhadap masyarakat sekitar di wilayah          contributions to the surrounding communities in operational
     operasional dengan menjalankan berbagai program community          areas by carrying out various community development programs,
     development, serta melibatkan pemasok lokal untuk memperkuat       as well as involving local suppliers to strengthen the local
     perekonomian daerah.                                               economy.


     Sepanjang tahun 2023, sebanyak 20.176 orang telah menikmati        Throughout 2023, as many as 20,176 people enjoyed the
     manfaat dari kegiatan TJSL dengan realisasi dana TJSL mencapai     benefits of TJSL activities with the realization of TJSL funds
     Rp1,28 miliar. Selain itu, Perseroan juga telah melakukan          reaching Rp1.28 billion. Apart from that, the Company also
     pengadaan barang dan jasa dengan nilai sebesar Rp76 miliar         procured goods and services with a value of Rp76 billion from
     dari pemasok lokal di Jakarta, Bogor, Lampung, dan Yogyakarta.     local suppliers in Jakarta, Bogor, Lampung and Jogyakarta.
     Sebagai wujud komitmen terhadap pelestarian lingkungan             As a form of commitment to environmental preservation, the
     hidup, Perseroan memasukkan kriteria ramah lingkungan              Company includes environmentally friendly criteria as one of
     sebagai salah satu aspek yang harus dipenuhi oleh para mitra       the aspects that must be adhered to by business partners. By
     bisnis. Hingga akhir 2023, sebanyak 88% pemasok Perseroan          the end of 2023, 88% of The Company’s vendors were verified
     sudah terverifikasi dalam aspek ramah lingkungan. Dengan           as environmentally friendly. By providing the widest possible
     memberikan kesempatan yang seluas-luasnya kepada pengusaha         opportunities for local entrepreneurs to partner with the
     lokal untuk dapat bermitra dengan Perseroan, kami percaya          Company, we believe that the existence of project assets in
     keberadaan aset-aset proyek di tengah masyarakat turut             the community will also provide positive benefits for improving
     memberikan manfaat positif bagi peningkatan ekonomi dan            the economy and welfare of local residents.
     kesejahteraan warga sekitar.


     Disamping itu, kami juga senantiasa menempatkan pelanggan          Moreover, we also always treat customers as one of the main
     sebagai salah satu pemangku kepentingan utama yang                 stakeholders who play a key role in supporting the success of
     memegang peran kunci dalam mendukung kesuksesan setiap             each of the Company’s business milestones. Therefore, the
     jejak langkah bisnis Perseroan. Oleh karena itu, Perseroan         Company ensures that every customer obtains benefits that are
     memastikan setiap pelanggan memperoleh manfaat yang                appropriate to the property product they select. We also ensure
     sesuai dengan produk properti yang mereka pilih. Kami juga         that every customer is always treated fairly, feels appreciated,
     memastikan setiap pelanggan selalu diperlakukan secara adil        and receives the same service as other customers.
     dan merasa dihargai, serta dapat memperoleh layanan yang
     sama dengan pelanggan lainnya.


     Pada penerapannya, kami menyadari bahwa penerapan                  In its implementation, we realize that the implementation of
     praktik operasional berbasis ESG di lingkup Bakrieland masih       ESG-based operational practices within Bakrieland is still faced
     dihadapkan dengan berbagai tantangan dan ruang perbaikan           with various challenges and room for continuous improvement
     yang berkelanjutan tetap harus ditindaklanjuti. Untuk itu,         remains to be followed up. For this reason, various adjustments
     berbagai penyesuaian masih harus terus dilakukan, mulai dari       must continue to be enforced, starting from updating the




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Management Discussion and Analysis           Corporate Governance Report          Integrated Corporate Social Responsibility/Sustainability Report




update terhadap pedoman dan manual operation yang berlaku             operational guidelines and manuals that apply in the Company,
di Perseroan, hingga yang terpenting membangun budaya                 to most importantly building a culture of sustainability within
keberlanjutan di tengah organisasi agar setiap karyawan               the organization so that every employee has the mindset that
memiliki pola pikir yang selaras dengan pilar-pilar keberlanjutan     is aligned with Bakrieland’s sustainability pillars.
Bakrieland.



PERUBAHAN KOMPOSISI ANGGOTA                                           CHANGES IN THE COMPOSITION
DIREKSI                                                               OF MEMBERS OF THE BOARD OF
                                                                      DIRECTORS

Sepanjang tahun 2023, komposisi Direksi Perseroan tidak               Throughout the year 2023, the composition of the Company’s
mengalami perubahan.                                                  Board of Directors remained unchanged.



APRESIASI BAGI PARA PEMANGKU                                          APPRECIATION TO STAKEHOLDERS
KEPENTINGAN

Sebagai penutup, Direksi mengucapkan terima kasih dan                 As a closure, the Board of Directors would like to extend
apresiasi setinggi-tingginya kepada Dewan Komisaris atas              its highest gratitude and appreciation to the Board of
rekomendasi, arahan dan saran yang diberikan kepada Direksi           Commissioners for the recommendations, directives and
selama tahun 2023. Penghargaan yang sama juga kami sampaikan          suggestions provided to the Board of Directors during the year
kepada seluruh karyawan Perseroan yang telah bekerja keras            2023. We also present our appreciation to all of the Company’s
dengan penuh dedikasi dan integritas dalam menghadapi                 employees who have worked hard with dedication and integrity
berbagai tantangan yang ada. Ucapan terima kasih juga kami            in facing various existing challenges. We also express our
berikan kepada para pelanggan, mitra bisnis, pemegang saham           gratitude to our customers, business partners, shareholders
dan regulator, serta para pemangku kepentingan lainnya yang           and regulators, as well as other stakeholders whom we cannot
tidak mungkin dapat kami sebutkan satu persatu.                       possibly mention one by one.


Semoga perjalanan tahun 2023 dapat dijadikan sebagai                  We truly hope that the journey passed in 2023 serves as a
pembelajaran dan momentum yang memotivasi kita semua                  lesson learned and a momentum that motivates us all to be
untuk dapat merumuskan langkah-langkah strategis yang tepat           able to formulate appropriate strategic steps to achieve better
dalam mewujudkan pertumbuhan yang lebih baik di tahun-tahun           growth in the years to come. Apart from continuing to strive to
mendatang. Selain terus berupaya meningkatkan performa                improve financial performance, we also hope that the Company
keuangan, kami juga berharap semoga Perseroan dapat terus             can continue to provide optimal benefits for shareholders,
memberikan manfaat yang optimal bagi pemegang saham,                  employees and society at large.
karyawan, dan masyarakat luas.




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




                                                        Ambono Janurianto
                                                         Presiden Direktur
                                                         President Director


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          Kilas Kinerja                Profil Perusahaan    Laporan Manajemen   Unit Pendukung Bisnis
     Performance Highlights             Corporate Profile   Management Report    Business Support Unit




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Analisis dan Pembahasan Manajemen    Laporan Tata Kelola Perusahaan   Tanggung Jawab Sosial Perusahaan Terintegrasi/Laporan Keberlanjutan
Management Discussion and Analysis    Corporate Governance Report         Integrated Corporate Social Responsibility/Sustainability Report




             Unit Pendukung Bisnis
             Business Support Unit
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      Performance Highlights               Corporate Profile               Management Report                   Business Support Unit




     Sumber Daya Manusia
     Human Resources Development




     Perseroan menyadari bahwa kemampuannya dalam melewati           The Company realizes that its ability to overcome various
     berbagai tantangan di tengah masa-masa sulit tidak lepas        challenges amidst difficult times are due to none other than
     dari dukungan dan peran Sumber Daya Manusia (SDM) yang          the support and role of its human resources (HR) who work
     telah bekerja secara profesional dan menjadi garda terdepan     professionally and remain at fore front of in generating creative
     dalam menciptakan ide kreatif agar Perseroan mampu              ideas so that the Company is able to maintain sustainable
     mempertahankan pertumbuhan bisnis yang berkelanjutan.           business growth.


     Dengan menempatkan karyawan sebagai aset dan modal              By placing employees as its main asset and capital, the Company
     utama, Perseroan berkomitmen untuk menerapkan kebijakan         is committed to implementing HR management policies that
     pengelolaan SDM yang tepat dan berkesinambungan serta           is accurate and continuous, and which puts forward the
     mengedepankan prinsip keadilan dan kesetaraan agar setiap       principles of justice and equality, so that each employee has
     karyawan memiliki kesempatan yang sama untuk bertumbuh dan      equal opportunity to grow and develop togather, along with
     berkembang bersama Perseroan. Praktik ketenagakerjaan yang      the Company. Employment practices implemented both in the
     diimplementasikan baik di Perseroan maupun di Entitas Anak      Company as well as its Subsidiaries and Business Units are also
     dan Unit-Unit Usaha juga dipastikan selalu mengikuti regulasi   assured of complying with applicable manpower regulations,
     ketenagakerjaan yang berlaku, yaitu UU Ketenagakerjaan          namely Manpower Law No. 13 of the year 2003 and Job Creation
     No.13 tahun 2003 dan UU Cipta Kerja No. 6 tahun 2023.           Law No. 6 of the year 2023.




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Management Discussion and Analysis          Corporate Governance Report          Integrated Corporate Social Responsibility/Sustainability Report




Dalam mengelola SDM yang dimiliki, Perseroan berfokus untuk          In managing its HR, the Company focuses on developing talents
mengembangkan talenta-talenta yang berkualitas di tengah             of quality in the midst of increasingly tight industry competition
persaingan industri yang semakin ketat dan lingkungan bisnis         and the increasingly competitive business environment. The
yang semakin kompetitif. Komitmen Perseroan terhadap                 Company’s commitment to fulfilling employees’ rights and
pemenuhan hak-hak karyawan serta uraian kewajiban yang               obligations that must be adhered to by all employees contained
harus dipatuhi seluruh karyawan telah tercantum dalam Code           in the Code of Conduct published through Decree of the Board
of Conduct (Pedoman Perilaku), yang diterbitkan melalui              of Directors No. 047/SK-Dir/IV/07.
SK No.047/SK-Dir/IV/07.


Strategi pengelolaan SDM di Bakrieland Group dilakukan               HR management strategy in Bakrieland Group is carried out a
secara terpusat dan terpadu dengan menggunakan panduan               centralized and integrated manner through the use of policy
kebijakan dari Perseroan sebagai entitas induk mulai dari proses     guidelines provided by the Company as a parent entity, which
rekrutmen, pelatihan, dan penilaian kinerja.                         cover everything from the recruitment process to training and
                                                                     performance assessment.


Terkait rekrutmen karyawan baru, Perseroan terlibat langsung         In the context of new employee recruitment, the Company
dalam proses perumusan rencana kebutuhan tenaga kerja dan            is directly involved in the process of formulating plans for
pelaksanaan seleksi karyawan di Entitas Anak ataupun Unit            workforce recruitments and implementing employee selection
Usaha terutama untuk mengisi posisi Top Management atau Head         in Subsidiaries and Business Units, especially to fill the Top
of Directorate. Khusus untuk level Direktur di Unit Usaha maupun     Management or Head of Directorate positions. Specifically for
di Perseroan, Komite Nominasi dan Remunerasi Perseroan               the Director level of Business Units as well as the Company,
menjalankan fungsi nominasinya dengan melakukan seleksi              the Nomination and Remuneration Committee of the Company
dan nominasi kepada para kandidat terpilih dan menentukan            performs its nomination function by selecting and nominating
besaran remunerasi yang ideal. Sedangkan rekrutmen karyawan          selected candidates and determine the ideal amount of
untuk mengisi posisi Pelaksana hingga Manajemen Menengah             remuneration. While employee recruitment for vacant Executive
yang lowong dapat dilakukan langsung oleh Unit-Unit Usaha.           to Middle Management positions may be carried out directly
                                                                     by Business Units.


Pada masa pandemi COVID-19, Perseroan mencoba beradaptasi            During the COVID-19 pandemic period, the Company tried to
sebagai salah satu cara agar bisa bertahan menghadapi segala         adapt as one of the ways to endure while facing all pressures
tekanan yang mengakibatkan pelemahan kinerja bisnis. Saat itu,       that cause a slowdown in business performance. At the time,
Perseroan menetapkan dan mengeluarkan panduan kebijakan              the Company determined and issued the policy guidelines for
pemberian remunerasi berupa tindakan pengurangan dan                 provided remuneration in the form of actions in order to reduce
penundaan pemberian paket remunerasi bagi karyawan agar              and postpone providing remuneration packages for employees
Perseroan mampu bertahan dan sebagai salah satu upaya untuk          so that the Company was able to survive, and as an effort to
menghindari terjadinya Pemutusan Hubungan Kerja (PHK).               avoid Termination of Employment. Nevertheless, by the end of
Namun setelah era pandemi berakhir, Divisi Corporate Human           the pandemic era, the Corporate Human Capital (CHC) Division
Capital (CHC) melakukan peninjauan terhadap Unit-Unit Usaha          reviewed Business Units considered financially sound and have
yang dianggap sudah memiliki tingkat kesehatan keuangan yang         fully recovered so that they could again provide remuneration
baik dan sepenuhnya pulih agar kembali dapat memberikan              in full to all employees. Until the year 2023, there remained
remunerasi kepada seluruh karyawannya secara penuh. Hingga           Business Units that must still apply the same HR management
akhir 2023, masih terdapat Unit Usaha yang harus menerapkan          policy as during the pandemic and were taking recovery steps
kebijakan pengelolaan SDM di masa pandemi dan melakukan              gradually.
langkah pemulihan kembali secara bertahap.




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           Kilas Kinerja                   Profil Perusahaan                 Laporan Manajemen                   Unit Pendukung Bisnis
      Performance Highlights                Corporate Profile                Management Report                    Business Support Unit




     Dengan semangat kolaborasi dan sinergi bersama Entitas Anak       With the spirit of collaboration and synergy with Subsidiaries
     maupun Unit-Unit Usaha, Perseroan berusaha untuk membangun        and Business Units, the Company strives to build an organization
     organisasi yang agile dan produktif sehingga seluruh proses       that is agile and productive so that all decision-making processes
     pengambilan keputusan dapat dilakukan secara sederhana untuk      can be carried out in simpler ways in order to generate business
     membangun keunggulan bisnis. Selain itu, Perseroan juga secara    excellence. Apart from that, the Company also continuously
     terus menerus membangun kapabilitas SDM melalui berbagai          develops HR competencies through various programs,
     program, mendorong business mindset yang kuat serta budaya        encourages strong business mindset as well as proactive culture
     proaktif namun tetap bijaksana untuk mendukung pencapaian         yet remain prudent in support of achieving Company’s business
     strategi bisnis Perseroan.                                        strategies.



     STRATEGI DAN KEBIJAKAN                                            HUMAN RESOURCE STRATEGY
     PENGELOLAAN SDM TAHUN 2023                                        AND POLICY IN 2023

     Sehubungan dengan resmi dicabutnya status pandemi COVID-19        In connection with the official lifting of the COVID-19
     oleh Presiden RI Joko Widodo tanggal 21 Juni 2023 di Istana       pandemic status by the President of the Republic of Indonesia,
     Merdeka, Jakarta, maka artinya Indonesia sudah memasuki masa      Joko Widodo on 21 June 2023 at Istana Merdeka (Presidential
     endemi. Pada masa pandemi, Bakrieland Group yang sebagian         Palace), Jakarta, this means that Indonesia has entered the
     besar Unit Usahanya bergerak di industri pariwisata, seperti      endemic phase. During the endemic period, Bakrieland Group
     pengelolaan hotel, taman wisata & rekreasi, pusat perbelanjaan,   of which most of its Business Units are in the tourism industry,
     sport club, hampir seluruhnya mengalami penurunan pendapatan      such as in the management of hotels, tourist attraction and
     yang signifikan karena terdampak oleh penerapan kebijakan         recreational parks, shopping centers, sports clubs, whereby
     Pemberlakuan Pembatasan Kegiatan Masyarakat (PPKM).               almost all of them experienced a significant decline in income
     Sehubungan dengan kondisi finansial Perseroan yang cukup          as impacted by the Implementation of Community Activity
     tergerus di masa pandemi, maka untuk menghindari PHK              Restrictions (PPKM) by the government applicable nationwide.
     terhadap karyawan, Perseroan melakukan penyesuaian                In this context, with the Company’s financial condition which
     kebijakan pengelolaan SDM, seperti Work From Home (“WFH”),        was quite eroded during the pandemic, so to avoid layoffs of
     pengaturan ulang jadwal kerja, pemberlakuan zero recruitment,     employees, the Company made adjustments to HR management
     tidak dilakukan perpanjangan kontrak kerja yang jatuh tempo       policies, such as with Work From Home (“WFH”), rearranging
     dan/atau karyawan yang mencapai usia pensiun, penundaan           work schedules, implementing zero recruitment, no extension
     promosi dan penyesuaian gaji karyawan.                            of work contracts, maturing and/or employees reaching
                                                                       retirement age, postponement of promotions and employee
                                                                       salary adjustments.


     Perseroan sungguh bersyukur melihat dunia dan aktivitas bisnis    The Company is very grateful to see the occurring business
     yang berjalan lebih baik sekarang ini. Masa-masa sulit selama     world and activities are currently running in better conditions.
     pandemi berhasil dilewati dengan baik berkat kerja sama dan       Difficult times during the pandemic were well passed on
     dukungan dari segenap karyawan terhadap keberlangsungan           account of the cooperation and support of all employees to
     usaha Perseroan. Maka dari itu sebagai wujud terima kasih dan     the Company’s business continuity. For this reason, as a form
     apresiasi, di masa pemulihan pascapandemi sepanjang tahun         of the Company’s gratefulness and appreciation, during the
     2023, Perseroan mulai melaksanakan “business as usual” seperti    post-pandemic recovery period throughout the year 2023, the
     sedia kala dengan tetap mengedepankan prinsip kehati-hatian,      Company began to implement “business as usual” by continue
     efisiensi dan efektivitas.                                        putting forward the principles of prudence, efficiency and
                                                                       effectiveness.


     Pada tahun 2023, Perseroan memberikan arahan kepada Unit-         In the year 2023, the Company provided directives to all Business
     Unit Usaha untuk segera melakukan rekrutmen guna memenuhi         Units to immediately conduct recruitment in order to fulfill HR
     kebutuhan SDM sesuai perencanaan tenaga kerja yang telah          needs in accordance with manpower planning as prepared so
     disiapkan agar proses bisnis tidak terganggu. Perseroan juga      that business processes are not hampered. The Company also
     kembali menjalankan program promosi karyawan yang sempat          reimplemented the employee promotion programs that were




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Management Discussion and Analysis           Corporate Governance Report          Integrated Corporate Social Responsibility/Sustainability Report




tertunda sebelumnya dengan melakukan proses asesmen                   previously postponed by conducting assessments of potential
terhadap kandidat karyawan yang potensial. Kemudian terkait           candidates. Subsequently, in relation to employee competency
pengembangan kompetensi karyawan, Perseroan juga berfokus             development, the Company also focused on improving the
untuk meningkatkan kualitas dan kapabilitas SDM yang dimiliki         quality and capability of its existing workforce so that they
agar senantiasa memenuhi standar kompetensi yang diharapkan           continue to fulfill the expected competency standards and
serta mendorong karyawan agar memiliki pemahaman yang                 encouraged employees to retain firm knowledge of new
kuat terhadap aturan perundang-undangan yang baru.                    regulations.


Sebagai perusahaan yang menunjung tinggi penerapan GCG,               As a company that holds high GCG implementation, the Company
Perseroan turut memastikan pemberian paket remunerasi sesuai          also ensured the provision of remuneration packages according
standar setelah sebelumnya sempat dilakukan pemotongan                to standards after previously made cuts or postponed payments,
ataupun penundaan pemberian, termasuk membayarkan semua               including paying all employees’ rights owed during the pandemic.
hak-hak karyawan yang terhutang di masa pandemi.


Melalui Divisi CHC, Perseroan berkomitmen untuk terus                 Through the CHC Division, the Company is committed to
melakukan berbagai upaya retensi guna mempertahankan                  continuing various efforts of retention in order to retain existing
talenta terbaik yang dimiliki dengan merumuskan Employment            best talents by formulating Employment Value Proposition
Value Proposition (EVP), seperti membentuk lingkungan kerja           (EVP), such as by forming a conducive and pleasant working
yang kondusif dan menyenangkan, mendorong peningkatan                 environment, encouraging gradual enhancement of employees’
kesejahteraan karyawan secara berkala, dan memberikan                 welfare, and providing equal opportunity to all employees to
kesempatan yang setara kepada semua karyawan untuk dapat              obtain competency development. The presence of loyal best
meningkatkan kompetensinya. Keberadaan talenta-talenta                talents is believed to be able to take the Company to a higher
terbaik yang loyal diyakini akan menghantarkan Perseroan              growth level in the long run that in time it will aso give back in
ke tingkat pertumbuhan yang lebih baik pada jangka panjang            added value to the stakeholders.
sehingga pada gilirannya juga akan memberikan nilai tambah
bagi para pemangku kepentingan.



DEMOGRAFI KARYAWAN                                                    EMPLOYEE DEMOGRAPHY

Pada tahun 2023, jumlah karyawan Perseroan tercatat sebanyak          In 2023, the Company’s total workforce was recorded at
7.063 orang, lebih banyak dari tahun sebelumnya sekitar               7,063 employees, higher than the 5,557 employees in the
5.557 orang. Jumlah tersebut telah memperhitungkan                    previous year. This total has taken into account business needs
kebutuhan usaha dari sisi kuantitas dan kualitas.                     in terms of quantity and quality.


Komposisi Karyawan berdasarkan Level Jabatan
Employee Composition by Position
                                       Uraian
                                                                                                 2023                      2022
                                     Description
 BOC                                                                                               11                          4

 BOD                                                                                               17                         18

 Head                                                                                              10                         10

 Senior Management                                                                                 82                         26

 Management                                                                                       185                        150

 Superintendent                                                                                   496                        372

 Staff                                                                                            715                      2.211

 Support                                                                                        5.547                      2.766

 Total                                                                                          7.063                      5.557



                                                                                                        2023 Annual Report Bakrieland            81
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          Kilas Kinerja                       Profil Perusahaan    Laporan Manajemen           Unit Pendukung Bisnis
     Performance Highlights                    Corporate Profile   Management Report            Business Support Unit




     Komposisi Karyawan berdasarkan Tingkat Pendidikan
     Employee Composition by Education
                                          Uraian
                                                                                       2023             2022
                                        Description
     Strata 3 / Doctoral Degree                                                           1                 3

     Strata 2 / Master’s Degree                                                          34                26

     Strata 1 / Bachelor’s Degree                                                       770              521

     Diploma                                                                            365              305

     SMU / Senior High                                                                 5.254           4.293

     SLTP / Junior High                                                                 423              402

     SD / Elementary                                                                    216                 7

     Total                                                                             7.063           5.557




     Komposisi Karyawan berdasarkan Usia
     Employee Composition by Age
                                          Uraian
                                                                                       2023             2022
                                        Description
     <-25 tahun / years old                                                            1.253           2.664

     26-30 tahun / years old                                                           1.435             716

     31-35 tahun / years old                                                           1.249             591

     36-40 tahun / years old                                                           1.143             527

     41-45 tahun / years old                                                           1.084             488

     46-50 tahun / years old                                                            649              304

     51-55 tahun / years old                                                            176              190

     55 tahun ke atas / years old and above                                              74                77

     Total                                                                             7.063           5.557




     Komposisi Karyawan berdasarkan Jenis Kelamin
     Employee Composition by Gender
                                          Uraian
                                                                                       2023             2022
                                        Description
     Pria / Male                                                                       5.761           4.619

     Wanita / Female                                                                   1.302             938

     Total                                                                             7.063           5.557




82   Bakrieland Laporan Tahunan 2023
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Analisis dan Pembahasan Manajemen           Laporan Tata Kelola Perusahaan   Tanggung Jawab Sosial Perusahaan Terintegrasi/Laporan Keberlanjutan
Management Discussion and Analysis           Corporate Governance Report         Integrated Corporate Social Responsibility/Sustainability Report




 Komposisi Karyawan berdasarkan Status Kepegawaian
 Employee Composition by Employment Status
                                       Uraian
                                                                                                2023                      2022
                                     Description
 Kontrak / Non-Permanent                                                                       6.634                      5.220

 Permanen / Permanent                                                                            429                        337

 Total                                                                                         7.063                      5.557


 Komposisi Karyawan berdasarkan Masa Kerja
 Employee Composition based on Term of Office
                                       Uraian
                                                                                                2023                      2022
                                     Description
 0 - 5 Tahun / 0 - 5 Years                                                                     5.466                      4.618

 6 - 10 Tahun / 6 - 10 Years                                                                     785                        586

 11 - 20 Tahun / 11 - 20 Years                                                                   550                        256

 20 Tahun ke atas / 20 years and above                                                           262                         97

 Total                                                                                         7.063                      5.557




TINGKAT PERPUTARAN KARYAWAN                                           EMPLOYEE TURNOVER RATE

Pada tahun 2023, Perseroan telah merekrut 1.506 karyawan              In 2023, the Company recruited 1,506 new employees and 204
baru dan sebanyak 204 karyawan keluar atau berhenti                   employees left the Company or resigned for various reasons.
dengan berbagai alasan. Dengan memperhitungkan dinamika               By taking into account the dynamics of employees entering and
karyawan yang masuk dan keluar selama periode pelaporan               leaving during the year 2023 reporting period, the Company’s
2023, tingkat perputaran karyawan (turnover) Perseroan naik           employee turnover rate increased from 1.3% in 2022 to 23.9%.
dari 1,3% pada 2022 menjadi 23,9%. Peningkatan tersebut               This increase was influenced by the impact of the COVID-19
dipengaruhi oleh dampak pemulihan COVID-19 yang berakibat             recovery which caused the development of a new business,
pada pengembangan bisnis baru, terutama di property                   especially in property management with the attainment of new
management dengan diperolehnya proyek-proyek baru diluar              projects outside of the Company’s property. Such increase
properti Perseroan. Peningkatan tersebut juga dipengaruhi             was also influenced by the implementation of the organization
oleh penerapan kebijakan organisasi untuk mengevaluasi                policy to evaluate each organization within the Company so as
setiap organisasi dalam Perseroan agar efektif dan efesien            to be effective and efficient in achieving the Company’s goals.
dalam mencapai tujuan Perseroan.


Untuk menjaga agar tingkat perputaran karyawan tetap stabil           To maintain stability in the employee turnover rate from year
dari tahun ke tahun, Perseroan telah melakukan berbagai upaya         to year, the Company carried out various approaches to attract
pendekatan dalam rangka menarik talenta-taleta terbaik                its existing best talents. The Company implements retention
yang dimiliki. Perseroan menerapkan strategi retensi untuk            strategy for all employees to improve their feeling of comfort
meningkatkan rasa nyaman kepada karyawan selama bekerja,              at the workplace, as well as reorganizes the HR structure so
serta menata kembali organisasi SDM-nya agar setiap karyawan          that each employee can always provide optimal performance.
senantiasa dapat memberikan kinerja yang optimal.




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           Kilas Kinerja                      Profil Perusahaan                    Laporan Manajemen                  Unit Pendukung Bisnis
      Performance Highlights                   Corporate Profile                   Management Report                   Business Support Unit




     Tidak hanya itu, Perseroan juga memberikan kesempatan kepada            Not only that, the Company also provides the opportunity for
     karyawan generasi muda untuk terlibat dalam penugasan baru              employees of the younger generation to be involved in new
     ataupun mengemban posisi baru dan/atau yang lebih tinggi.               assignments or take on new or higher positions. It is hoped
     Kepercayaan yang diberikan ini diharapkan dapat memotivasi              that the trust extended to them will motivate them to work
     mereka untuk bekerja dengan lebih semangat dan berkontribusi            more enthusiastically and contribute more to the progress of
     lebih besar bagi kemajuan Perseroan.                                    the Company.



     PENINGKATAN KOMPETENSI                                                  EMPLOYEE COMPETENCY
     KARYAWAN                                                                DEVELOPMENT

     Perseroan     meyakini    ketersediaan    SDM      yang       unggul,   The Company believes the availability of HR excellence,
     memiliki kompetensi tinggi, dan berdaya saing merupakan                 with high competency and competitiveness is the key to the
     kunci dibalik kesuksesan perusahaan sampai hari ini. Oleh               company’s success to date. For this reason, the Company
     karena itu, Perseroan melaksanakan program pelatihan dan                implements training and development programs periodically
     pengembangan secara berkala bagi seluruh karyawan. Selain               for all employees. In addition, to support the Company’s
     untuk mendukung daya saing Perseroan dalam menghadapi                   competitiveness in facing the industry’s demands, the
     tuntutan industri, program pelatihan juga bermanfaat untuk              training programs are also beneficial in enhancing employees’
     meningkatkan rasa percaya diri karyawan dalam menyelesaikan             self-confidence in completing their work that hopefully can
     pekerjaannya sehingga diharapkan dapat berbanding lurus                 proportionately increase performance productivity and work
     dengan produktivitas kinerja dan peningkatan kepuasan kerja.            satisfaction.


     Perseroan berkomitmen untuk menyediakan akses dan                       The Company is committed to providing equal access and
     kesempatan yang setara kepada semua karyawan agar dapat                 opportunity for all employees to join training activities and
     mengikuti kegiatan pelatihan dan peningkatan kompetensi                 improvement of competencies based on knowledge and skill
     berdasarkan kebutuhan pengetahuan dan keterampilan                      needs of each employee. Employee competency development
     masing-masing karyawan. Program pengembangan kompetensi                 programs may be conducted in various models as well as in-
     karyawan dapat dilakukan dengan berbagai model serta                    house and externally. Internal training is carried out within
     dapat dilaksanakan secara internal (in-house training) maupun           the Company’s environment.
     eksternal. Pelatihan internal berarti pelatihan tersebut dilakukan
     di dalam lingkungan Perseroan.


     Pada tahun 2023, Perseroan berfokus pada program in-house               In the year 2023, the Company focused on in-house training
     training dengan mengandalkan silabus dan pelatih internal.              programs by providing syllabus and internal trainers. This
     Pelatihan internal tersebut dilakukan dengan metode Subject             internal training is conducted by the method of Subject Matter
     Matter Expertise (SME) dan berbagi pengetahuan antar-Divisi             Expertise (SME) and knowledge sharing among divisions and
     dan lintas Unit Usaha, serta melalui penugasan (tour of duty) di        inter-Business Units, as well as through tours of duty in various
     berbagai proyek/Unit Usaha ataupun setelah promosi kenaikan             projects/Business Units or upon promotion to higher positions
     jabatan di bidang pekerjaannya.                                         in the respective field of work.



     RENCANA PENGEMBANGAN SDM                                                HR DEVELOPMEMNT PLANS IN 2024
     TAHUN 2024

     Pada tahun 2024 mendatang, Divisi CHC telah menetapkan                  For the year 2024, CHC Division set the work focus and plans
     fokus dan rencana kerja terkait pengelolaan SDM yang akan               related to HR management to be concentrated on organizational
     dititikberatkan pada strategi restrukturisasi dan konsolidasi           restructuring and consolidation strategy, re-visit corporate
     organisasi, re-visit corporate culture dan values, peningkatan          culture and values, improving employee competency and
     kompetensi dan kemampuan multitasking karyawan seiring                  multi-tasking capability in line with changes in leadership,
     perubahan kepemimpinan, lingkungan dan strategi bisnis yang             business environment and strategy as determined by the new
     digariskan oleh pimpinan yang baru.                                     management leaders.


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Analisis dan Pembahasan Manajemen         Laporan Tata Kelola Perusahaan    Tanggung Jawab Sosial Perusahaan Terintegrasi/Laporan Keberlanjutan
Management Discussion and Analysis         Corporate Governance Report          Integrated Corporate Social Responsibility/Sustainability Report




Teknologi Informasi
Information Technology




Perkembangan Teknologi Informasi (TI) dan digitalisasi yang         The vast development of Information Technology (IT) and
berkembang pesat selama beberapa tahun terakhir menuntut            digitalization over the past few years has required the Company
Perseroan untuk terus meningkatkan efisiensi dan efektivitas        to continue to improve the efficiency and effectiveness of
pengelolaan proses bisnis melalui pengembangan sistem TI            business process management through developing IT systems
yang mampu mengoptimalkan operasional bisnis, memberikan            that are able to optimize business operations, provide added
nilai tambah dan mendukung proses pengambilan keputusan             value and support decision-making process in a relatively short
dalam waktu yang relatif singkat untuk menjawab dinamika            time to response to business dynamics. In order to remain
bisnis. Agar tetap mampu bersaing di industri properti nasional     capable of competing in the national property industry and
dan juga dapat mewujudkan aspirasi “Menjadi perusahaan              also to manifest the aspiration “To become a leading integrated
properti terintegrasi yang terdepan di Indonesia”, Perseroan        property company in Indonesia”, the Company realizes the
menyadari pemanfaatan teknologi merupakan salah satu aspek          advantage of technology as one of the very crucial aspects.
yang sangat krusial.


Pemanfaatan teknologi secara optimal dan implementasi               Taking advantage of technology optimally and implementing
teknologi modern di Perseroan berada di bawah tanggung              modern technology in the Company under the responsibility of
jawab Divisi Corporate Information Technology (CIT) yang            the Corporate Information Technology (CIT) Division assigned
bertugas menjaga, mengelola, dan meningkatkan efektivitas           to maintain, manage, and enhance the effectiveness of the
sistem kerja berbasis TI. Divisi CIT juga berperan besar dalam      IT-based work systems. CIT Division also plays a big role in
menjaga keamanan data, mempermudah akses penggunaan                 maintaining the security of data, making it easier to access
data serta meningkatkan akurasi pelaporan seluruh unit kerja.       data, as well as to improve reporting accuracy of all work units.




                                                                                                      2023 Annual Report Bakrieland            85
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           Kilas Kinerja                     Profil Perusahaan                 Laporan Manajemen                  Unit Pendukung Bisnis
      Performance Highlights                  Corporate Profile                Management Report                   Business Support Unit




     Divisi CIT memberikan layanan sistem komputasi, sistem aplikasi     CIT Division provides services on computation systems, desktop,
     berbasis desktop, web dan mobile, sistem jaringan dan internet,     web and mobile-based application systems, network and
     sistem back-up dan keamanan data, serta sistem e-mail. Divisi       internet systems, back-up and data security systems, as well
     CIT juga menyediakan layanan pendukung dan help-desk bagi           as the e-mail system. CIT Division also provides support and
     para pengguna dalam hal penggunaan perangkat kerja. Divisi CIT      help-desk services to all users in the context of using work
     juga mengelola sistem Tata Kelola TI melalui kebijakan teknologi    devices. CIT Division also manages the IT Governance system
     informasi serta Standard Operating Procedure (SOP) yang dimiliki.   through information technology policies as well as its Standard
                                                                         Operating Procedures (SOP).


     Dengan mengadopsi kerangka kerja terbaik di bidang                  By adopting the best framework in the field of IT management,
     pengelolaan TI, Divisi CIT merancang dan mengelola infrastruktur    CIT Division designs, manages and is committed to continue
     TI yang terpadu serta berkomitmen untuk terus memperbaikinya        improving the integrated IT infrastructure in line with the
     selaras dengan perkembangan bisnis yang makin kompleks.             increasingly complex business development. The Company
     Perseroan juga memastikan ketersediaan SDM yang memadai             also ensures the availability of adequate HR with the expertise
     dengan keahlian dan/atau latar belakang di bidang TI.               and/or background in IT.


     Di sisi lain, Perseroan memahami bahwa penggunaan TI memiliki       On the other hand, the Company understands that the use
     sejumlah risiko yang terkait dengan cyber security dan disaster     of IT has a number of risks related to cyber security and
     recovery. Sebagai komitmen untuk melindungi data dan menjaga        disaster recovery. As part of its commitment to protect data
     keberlanjutan operasional TI tetap aman, Perseroan telah            and maintain IT operational continuity to remain safe, the
     melaksanakan upaya-upaya mitigasi risiko untuk memastikan           Company exerted efforts to mitigate these risks to ensure the
     mekanisme proses pengamanan data dan informasi terlaksana           data and information security process mechanism is carried
     secara terstruktur.                                                 out structurally.


     STRATEGI PENGEMBANGAN TI TAHUN                                      IT DEVELOPMENT STRATEGY IN 2023
     2023

     Pada tahun 2023, rencana strategis TI telah dieksekusi dalam        In the year 2023, the IT strategic plan was executed in various
     berbagai bentuk program kerja yang disusun dengan matang dan        forms of work programs carefully set and meticulously
     dimonitor secara disiplin oleh Divisi CIT. Dalam merealisasikan     monitored by the CIT Division. In actualizing IT-related
     target-target kinerja yang relevan dengan bidang TI, Divisi CIT     performance targets, CIT Division directed its focus on providing
     mengarahkan fokusnya pada penyediaan layanan TI yang kokoh          firm IT services internally in the Company and also providing
     di internal Perseroan dan juga memberikan bantuan konsultasi        assistance in strategic consulting to Business Units as well as
     strategis kepada Unit-Unit Usaha, serta selalu berusaha             continuing to improve IT services within the Company.
     meningkatkan kualitas pelayanan TI di lingkungan Perseroan.




86    Bakrieland Laporan Tahunan 2023
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Analisis dan Pembahasan Manajemen           Laporan Tata Kelola Perusahaan    Tanggung Jawab Sosial Perusahaan Terintegrasi/Laporan Keberlanjutan
Management Discussion and Analysis           Corporate Governance Report          Integrated Corporate Social Responsibility/Sustainability Report




Berkat konsistensi atas penerapan strategi tersebut, Divisi           With consistency in implementing such strategies, CIT Division
CIT berhasil menorehkan beberapa pencapaian ataupun                   managed to accomplish several achievements and conduct
melaksanakan sejumlah prioritas kegiatan di tahun 2023, antara        a number of priority activities during the year 2023, among
lain melakukan pembaruan perangkat kerja di internal Perseroan        others, by upgrading work equipment within the Company
serta pembuatan software untuk sistem keuangan di Unit Usaha          as well as generating implementation software for financial
PT Bahana Sukma Sejahtera, Bakrieland Integrated System               systems in subsidiaries PT Bahana Sukma Sejahtera, Bakrieland
(pengamatan sosial media), dan Bakrieland Aset Management             Integrated System (social media monitoring), and Bakrieland
(pengamatan aset Teknologi Informasi).                                Aset Management (Information Technology asset monitoring).


Dari sisi penguatan SDM, Divisi CIT juga menunjukkan upayanya         In the aspect of strengthening HR, CIT Division also exerted
dalam meningkatkan keahlian para personel di bidang TI. Pada          its efforts to improve the expertise of IT personnel. In 2023,
tahun 2023, Divisi CIT berpartisipasi aktif mengikuti berbagai        CIT Division took an active part in joining various digital forums
forum dan acara digital, seperti IDC, Google Chrome OS, Xen           and events, such as IDC, Google Chrome OS, Xen Talks. In
Talks. Selain itu sebanyak 4 karyawan juga diikutsertakan             addition, 4 staff also participated in training and certification
mengikuti kegiatan pelatihan ataupun sertifikasi yang                 activities relevant to IT in order to enhance their capabilities
relevan dengan bidang TI guna meningkatkan kapabilitas dan            and competencies.
kemampuan mereka.



RENCANA PENGEMBANGAN TI TAHUN                                         IT DEVELOPMENT PLAN IN 2024
2024

Pada tahun 2024, Divisi CIT akan melakukan pengembangan               In 2024, CIT Division plans to develop a more extensive IT and
TI yang lebih luas dan mengarah pada digitalisasi proses agar         move towards a digitalization process so that all operational
seluruh aktivitas operasional maupun bisnis dapat berjalan lancar     and business activities run more effectively and efficiently, as
dengan lebih efektif dan efisien, serta memungkinkan karyawan         well as possibly allowing employees to be able to work from
untuk bisa bekerja dimana saja dan kapan saja. Komitmen               anywhere and anytime. The commitment to strengthening
terhadap penguatan infrastruktur TI di waktu mendatang                the IT infrastructure in the future will surely also be balanced
tentunya juga diimbangi dengan manajemen risiko teknologi             with strict information technology risk management in order
informasi yang ketat untuk mencegah terjadinya insiden                to prevent the occurrence of leakage incidents involving the
kebocoran data dan informasi rahasia perusahaan.                      company’s confidential data and information.




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           Kilas Kinerja                    Profil Perusahaan                 Laporan Manajemen                  Unit Pendukung Bisnis
      Performance Highlights                 Corporate Profile                Management Report                   Business Support Unit




     Corporate Affairs
     Corporate Affairs




     Perseroan memiliki Direktorat Corporate Affairs (CA) sebagai       The Company established the Corporate Affairs Directorate (CA)
     divisi pelaksana komunikasi korporat yang menjalankan fungsi       as the executing division of corporate communication that carries
     sebagai penghubung komunikasi antara Perseroan dan Unit            out the function as communication liason between the Company
     Usaha serta dengan para pemangku kepentingan. Secara               and Business Units as well as with stakeholders. Overall, the
     keseluruhan, Direktorat CA bertanggung jawab untuk melakukan       CA Directorate is responsible for managing information and
     pengelolaan informasi dan komunikasi yang terpadu, terencana,      integrated, well-planned and reliable communication so as
     dan dapat diandalkan untuk mengoptimalkan koordinasi dan           to optimize coordination and synergy in order to enhance
     sinergi guna meningkatkan citra positif terhadap korporasi dan     corporate-wise positive image and on the Company’s products
     produk-produk Perseroan sebagai satu kesatuan utuh, sehingga       as one complete unit that can boost marketing activities.
     dapat meningkatkan aktivitas pemasaran.


     Dalam melaksanakan fungsinya, Direktorat CA dibantu oleh           In carrying out its function, CA Directorate is assisted by its
     unit kerja pendukung di bawahnya yang terbagi menjadi              supporting work unit, divided into 3 (three) sections, namely
     3 (tiga) bagian, yaitu Corporate Communications, Social Media &    Corporate Communications, Social Media & Design, and
     Design, dan Corporate Sustainability & CSR. Masing-masing bagian   Corporate Sustainability & CSR. Each section carries out its
     menjalankan fungsi development, operasional, dan koordinasi        respective function in development, operation and coordination
     yang aktivitasnya disesuaikan dengan pemangku kepentingan          of which the activities are adjusted to the stakeholder being
     yang ditanganinya.                                                 handled.




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Analisis dan Pembahasan Manajemen        Laporan Tata Kelola Perusahaan        Tanggung Jawab Sosial Perusahaan Terintegrasi/Laporan Keberlanjutan
Management Discussion and Analysis        Corporate Governance Report              Integrated Corporate Social Responsibility/Sustainability Report




Langkah strategis yang dilakukan Direktorat CA selama              Strategic steps performed by CA Directorate during 2023,
tahun 2023, adalah sebagai berikut:                                are as follows:
1.   Mengoptimalkan penggunaan digital untuk mendistribusikan      1.     Optimized digital use to distribute various            Company
     berbagai informasi Perseroan;                                        information;
2.   Mendistribusikan informasi berbagai aktivitas Perseroan       2.     Distributed information on various Company activities through
     melalui media online untuk menjaga eksistensi Perseroan              online media in order to maintain Company’s existence in
     di mata publik;                                                      the eyes of the public;
3.   Menjaga tone berita Perseroan tetap positif;                  3.     Maintained positive tone of the Company’s news;
4.   Menerapkan secara konsisten kebijakan Corporate Identity      4.     Consistently implemented Corporate Identity policy in the
     di Perseroan;                                                        Company;
5.   Meninjau platform-platform digital yang tersedia dan          5.     Reviewed digital platforms that are available and activated
     mengaktivasi platfom yang sesuai untuk memperluas                    the appropriate platforms to expand information distribution;
     penyebaran informasi;
6.   Mendukung fungsi komunikasi dan CSR di Unit Usaha             6.     Supported the communication and CSR functions in Business
                                                                          Units.


LAPORAN PELAKSANAAN KEGIATAN                                       REPORT ON ACTIVITY
DIREKTORAT CA                                                      IMPLEMENTATION OF CA DIRECTORATE

Sepanjang tahun 2023, masing-masing bagian di Direktorat CA        Throughout the year 2023, each section of CA Directorate
telah melaksanakan sejumlah kegiatan yang relevan dengan           carried out a number of activities relevant to each section’s
tugas dan tanggung jawab pokok masing-masing yaitu sebagai         respective main duties and responsibilities, namely as follows:
berikut:
1.   Corporate Communications                                      1.     Corporate Communications
     a.    Terus meningkatkan publikasi berita Perseroan di               a.    Continued improving Company news publication on
           media online;                                                        online media;


           Jumlah Publikasi Media
           Number of Media Publication

 2023                                                                                                         700

 2022                                                                                                               733

 2021                                                                      366




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           Kilas Kinerja                    Profil Perusahaan                        Laporan Manajemen                Unit Pendukung Bisnis
      Performance Highlights                 Corporate Profile                       Management Report                 Business Support Unit




          b.   Menjaga tone berita Perseroan tetap positif;                     b.     Maintaining the positive tone of the Company’s news



                     9%                                                 43,1%
                                                                                                              34,7%            33,9%
                                   51%



                     2023                                        2022                                               2021
                                                                                        8,2%


               40%
                                                                 48,7%                                                31,4%




                                                    Negatif          Netral             Positif
                                                    Negative         Neutral            Positive


          c.   Mendistribusikan 201 informasi Perseroan kepada                  c.     Distributed 201 pieces of Company information to
               karyawan.                                                               employees.


     2.   Media Sosial & Design                                           2.    Social Media & Design
          a.   Aktivasi media sosial TIKTOK (akun @Bakrieland_Group)            a.     Activated TIKTOK social media (with account
               sebagai sarana untuk menyebarluaskan beragam informasi                  @Bakrieland_Group) as a media to distribute various
               mengenai Perseroan;                                                     Company information;
          b.   Bersama-sama Unit Usaha mendistribusikan informasi               b.     Together with Business Units, distributing information
               melalui media sosial agar masyarakat mendapatkan                        through the Company’s social media so the public can
               informasi Perseroan yang terbaru;                                       receive the latest information on the Company;
          c.   Memperbaharui 202 informasi dalam situs web Perseroan            c.     Updated 202 information on the Company website in
               yang disesuaikan dengan POJK No. 8/2015; dan                            accordance with POJK No. 8/2015; and
          d.   Menyelesaikan 175 permintaan design untuk mendukung              d.     Completed 175 design requests to support all work
               seluruh unit kerja sesuai dengan standar korporasi.                     units in line with the corporate standard design;




                          Bersama-sama Unit Usaha mendistribusikan 1.747 informasi dengan
                               lingkup Korporasi, CSR, dan promosi melalui media sosial.
                          Together with Business Units, distributed 1,747 information on Corporate
                                   and CSR, as well as promotions through social media.




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Analisis dan Pembahasan Manajemen    Laporan Tata Kelola Perusahaan   Tanggung Jawab Sosial Perusahaan Terintegrasi/Laporan Keberlanjutan
Management Discussion and Analysis    Corporate Governance Report         Integrated Corporate Social Responsibility/Sustainability Report




                                                                                                2023 Annual Report Bakrieland            91
Page 94
          Kilas Kinerja                Profil Perusahaan    Laporan Manajemen   Unit Pendukung Bisnis
     Performance Highlights             Corporate Profile   Management Report    Business Support Unit




92   Bakrieland Laporan Tahunan 2023
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Analisis dan Pembahasan Manajemen    Laporan Tata Kelola Perusahaan   Tanggung Jawab Sosial Perusahaan Terintegrasi/Laporan Keberlanjutan
Management Discussion and Analysis    Corporate Governance Report         Integrated Corporate Social Responsibility/Sustainability Report




        Analisis dan
        Pembahasan Manajemen
        Management Discussion
        and Analysis
                                                                                                2023 Annual Report Bakrieland            93
Page 96
           Kilas Kinerja                    Profil Perusahaan                 Laporan Manajemen                  Unit Pendukung Bisnis
      Performance Highlights                 Corporate Profile                Management Report                   Business Support Unit




     Tinjauan Operasional                                                                         “
      “
     Operational Review


              Tahun 2023 seluruh aktivitas perkantoran dan bisnis serta kehidupan
             bermasyarakat sudah mulai berjalan normal. Para pelaku bisnis kembali
               mendapatkan kepastian berinvestasi sehingga hal ini tentu menjadi
              kabar baik bagi pasar properti yang perlahan mulai menunjukkan fase
                                pemulihan di masa pascapandemi.

              In 2023, all office and business activities as well as the social life of the
                general public have begun to run normally. The business circle was
              once again assured of investing that it was certainly good news for the
              property market which slowly started to demonstrate a recovery phase
                                     in the post-pandemic period.




     Dari sisi properti residensial, terlihat bahwa permintaan pasar    From the residential property point of view, it was indicated
     selama 2023 masih cukup tinggi sejalan dengan besarnya             that market demand during the year 2023 remained quite high
     backlog hunian yang mencapai sekitar 12,71 juta. Dukungan          in line with the housing backlog that reached around 12.71
     Bank Indonesia untuk menghidupkan kembali kinerja                  million. The support of Bank Indonesia to revive residential
     properti residensial dapat dilihat dari perpanjangan kebijakan     property’s performance was apparent from the extension of
     pelonggaran rasio loan to value (LTV) KPR hingga akhir 2023.       the policy on easing the loan to value (LTV) ratio for mortgages
                                                                        until the end of 2023.


     Sementara dari sektor properti komersial, seperti perkantoran      In the meantime, the commercial property sector, such as
     dan apartemen, terlihat masih menghadapi tantangan.                office and apartment, appears to have remained challenged.
     Penjualan dan penyewaan produk highrise seperti apartemen          Sales and leasing of such high-rise products as apartments and
     dan perkantoran masih belum optimal yang disebabkan oleh           offices were still not optimal due to oversupply, thus resulting
     kondisi oversupply, sehingga mengakibatkan imbal balik investasi   in investment returns which were less attractive to investing
     yang kurang menarik bagi konsumen investor.                        consumers.


     Sedangkan segmen perhotelan secara umum menunjukkan                Meanwhile, the hotel segment generally exhibited an improved
     performa yang meningkat di tahun 2023, yang utamanya               performance in 2023, mainly driven by the recovery of offline
     didorong oleh pemulihan aktivitas MICE secara offline dari         MICE activities from the government and corporate segments.
     segmen pemerintahan dan korporasi. Demikian pula kinerja           Likewise, the performance of the retail segment, both in terms
     area ritel baik secara tingkat okupansi maupun biaya sewa          of occupancy rate and rental cost, also increased as supported
     juga meningkat yang ditopang oleh meningkatnya aktivitas           by the rise in the public’s activity and mobility which resumed
     dan mobilitas masyarakat yang sudah normal.                        to normal conditions.




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Analisis dan Pembahasan Manajemen         Laporan Tata Kelola Perusahaan    Tanggung Jawab Sosial Perusahaan Terintegrasi/Laporan Keberlanjutan
Management Discussion and Analysis         Corporate Governance Report          Integrated Corporate Social Responsibility/Sustainability Report




PT BAKRIE SWASAKTI UTAMA                                            PT BAKRIE SWASAKTI UTAMA

PT Bakrie Swasakti Utama (“BSU”) merupakan salah satu               PT Bakrie Swasakti Utama (“BSU”) is one of the Company’s
unit usaha Perseroan yang menjalankan kegiatan usaha                business units engaged in property development business
pengembangan properti. Hingga tahun 2023, BSU telah                 activities. Until the year 2023, BSU has developed and managed
mengembangkan dan mengelola beberapa proyek properti yang           several property projects located in Jakarta and several areas
berlokasi di Jakarta dan beberapa daerah di pulau Jawa seperti      on the island of Java such as Yogyakarta and Sidoarjo. The
Yogyakarta dan Sidoarjo. Produk properti yang dikembangkan          property products developed and managed by BSU focus on
dan dikelola oleh BSU berfokus pada city property (apartemen,       city property (apartment, office, hotel, shopping center, sports
perkantoran, hotel, pusat perbelanjaan, fasiltas olahraga),         facility), township and property management. BSU develops
township dan property management. BSU mengembangkan                 the Rasuna Epicentrum area, which is an integrated area with a
area kawasan Rasuna Epicentrum yang merupakan kawasan               masterplan covering 53.5 ha of land in Kuningan, South Jakarta,
terpadu dengan masterplan seluas 53,5 ha di Kuningan, Jakarta       and the Kahuripan Nirwana in Sidoarjo with a total masterplan
Selatan serta kawasan Kahuripan Nirwana di Sidoarjo dengan          area of 634 ha.
total masterplan seluas 634 ha.


Fokus Strategi Tahun 2023                                           Strategy Focus in 2023
Sepanjang tahun 2023, BSU telah menerapkan sejumlah inisiatif       Throughout the year 2023, BSU implemented a number of
strategis agar keberlangsungan usahanya tetap terjaga, yaitu        strategic initiatives to maintain business continuity, namely
meningkatkan kinerja produk recurring yang utamanya berfokus        improving the performance of recurring products which
pada peningkatan pendapatan sewa area ritel dan hotel, serta        primarily focused on increasing rental income from the
melanjutkan penyelesaian beberapa kewajiban pembangunan             retail and hotel segments, as well as continuing to complete
fasilitas umum dan fasilitas sosial di kawasan properti. Selain     several obligations for the construction of public facilities and
itu sebagai bentuk tanggung jawab kepada para penghuni, BSU         social facilities in the property areas. Apart from that, as a
juga berfokus pada penyelesaian outstanding sertifikasi unit        form of responsibility to the residents, BSU also focused on
apartemen dan kondotel The Grove dan The Wave. Langkah              completing outstanding certification for The Grove and The
ini dilakukan untuk memberikan kepastian hukum kepada para          Wave apartment and condotel units. This step was taken to
penghuni properti.                                                  provide legal assurance to property residents.


Tantangan dan Mitigasi                                              Challenges and Mitigation
Pada tahun 2023, BSU melihat tren penjualan properti high           In 2023, BSU observed that the sales trend for high-rise
rise (khususnya apartemen dan kondotel) di Jakarta belum            properties (especially apartments and condotels) in Jakarta has
menunjukkan pemulihan yang optimal. Oleh karena itu, BSU            yet to show optimal recovery. Therefore, BSU took several steps
telah melakukan beberapa hal sebagai bentuk mitigasi terhadap       as a means of mitigation for the challenges faced, which included
tantangan yang dihadapi tersebut, antara lain melakukan             implementing a sales approach through a network of existing
pendekatan penjualan melalui network dari pelanggan                 loyal customers, establishing marketing cooperation with
eksisting yang loyal, menjalin kerja sama pemasaran dengan          property agents, speeding up the apartment unit certification
agent property, mempercepat proses sertifikasi unit apartemen       process to increase selling power, and efforts to provide sales
untuk meningkatkan daya jual, dan mencoba memberikan paket          packages with attractive pricing packages to investors.
penjualan secara bulk sales dengan paket harga yang menarik
kepada investor.


Kinerja Tahun 2023                                                  Performance in 2023
Sepanjang tahun 2023, BSU mengelola langsung produk-produk          Throughout the year 2023, BSU directly managed property
properti yang berlokasi di kawasan Rasuna Epicentrum yang           products located in the Rasuna Epicentrum area, one of Jakarta’s
merupakan sentra bisnis Jakarta. Secara umum kinerja seluruh        prominent business centers. In general, the performance of
properti di bawah kelolaan BSU dapat dilihat pada tabel berikut     all properties under BSU’s management is presented in the
ini:                                                                following table:




                                                                                                      2023 Annual Report Bakrieland            95
Page 98
          Kilas Kinerja                      Profil Perusahaan                    Laporan Manajemen                   Unit Pendukung Bisnis
     Performance Highlights                   Corporate Profile                   Management Report                    Business Support Unit




                                                                                                                     Kinerja
           Properti                           Informasi                             Lokasi                           Result
           Property                          Information                           Location
                                                                                                            2023                 2022
     The Grove                Apartemen segmen atas dengan dua tower,        Jakarta                  Tingkat Penjualan:   Tingkat Penjualan:
     Condominium              yaitu The Masterpiece dan The Empyreal                                  93%                  91%
                              yang masing-masing terdiri dari 35 dan                                  Sales:               Sales:
                              32 lantai, dengan total 461 unit                                        93%                  91%
                              Two-tower high-end apartments, namely
                              The Masterpiece and The Empyreal, each
                              consisting of 35 and 32 floors respectively,
                              with a total of 461 units
     OCEA Condotel            Kondotel bintang 4 dengan total                Jakarta                  Tingkat Penjualan:   Tingkat Penjualan:
                              324 unit dan telah dioperasikan bertahap                                68%                  68%
                              sebagai hotel Swiss-Belresidences Rasuna                                Sales:               Sales:
                              Epicentrum                                                              68%                  68%
                              4-star condotel with a total of 324 units
                              and gradually in operation as the Swiss-
                              Belresidences Rasuna Epicentrum hotel




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Analisis dan Pembahasan Manajemen          Laporan Tata Kelola Perusahaan    Tanggung Jawab Sosial Perusahaan Terintegrasi/Laporan Keberlanjutan
Management Discussion and Analysis          Corporate Governance Report          Integrated Corporate Social Responsibility/Sustainability Report




KINERJA OPERASIONAL UNIT USAHA                                       OPERATIONAL PERFORMANCE OF
                                                                     BUSINESS UNITS

PT Bakrie Pesona Rasuna                                              PT Bakrie Pesona Rasuna
PT Bakrie Pesona Rasuna (“BPR”) didirikan pada tahun 1996            PT Bakrie Pesona Rasuna (“BPR”) was established in 1996
dan menjalankan kegiatan usaha jasa pengelolaan properti.            and operates its business activities in property management
Sejak tahun 1999, BPR mengelola beberapa properti di kawasan         services. Since 1999, BPR managed several properties in the
Rasuna Epicentrum, Jakarta, seperti Plaza Festival, Gelanggang       Rasuna Epicentrum area, Jakarta, such as the Plaza Festival,
Mahasiswa Soemantri Brodjonegoro dan Elite Club Epicentrum.          the Soemantri Brodjonegoro Student Center and the Elite Club
                                                                     Epicentrum.


Fokus Strategi Tahun 2023                                            Strategy Focus in 2023
Agar tetap mampu bersaing dengan properti ritel lainnya, BPR         In order to remain capable of competing with other retail
telah menerapkan beberapa fokus strategi dan mengambil               properties, BPR implemented several strategy focuses and
langkah-langkah strategis yang dibutuhkan dari sisi keuangan, di     took the necessary strategic steps from a financial perspective,
antaranya melakukan analisa terhadap kemampuan membayar              including analyzing the tenants’ capability to pay in order to
para penyewa untuk mencegah terjadinya risiko pembayaran             prevent payment risks and also taking persuasive steps with
dan juga mengambil langkah persuasif dengan para penyewa             tenants to settle outstanding payments. On the other hand,
agar dilakukan pelunasan outstanding pembayaran. Di sisi lain,       BPR also strived to retain tenants with a good payment track
BPR juga berusaha mempertahankan para penyewa yang selama            record while continuing to look for potential new tenants at
ini memiliki rekam jejak pembayaran yang baik seraya terus           Plaza Festival. This way, the continuity of its operational business
mencari penyewa baru yang potensial di Plaza Festival. Dengan        could be maintained.
begitu, keberlangsungan usaha operasional dapat tetap terjaga.


Tantangan dan Mitigasi                                               Challenges and Mitigation
Pada tahun 2023, beberapa tantangan dihadapi BPR terutama            In 2023, BPR faced several challenges, especially in maintaining
dalam menjaga pertumbuhan bisnis yang positif pada aset              positive business growth in Plaza Festival assets. This was due to
Plaza Festival. Hal ini karena Plaza Festival yang bergerak          the fact that Plaza Festival, which operates in the retail sector,
di bidang ritel cukup terdampak oleh perubahan perilaku              was quite affected by the change in consumers’ shopping
belanja konsumen yang semenjak pandemi sampai saat ini               behavior, namely from the preference to shop online since the
lebih menyukai berbelanja secara daring sehingga berdampak           pandemic until now, which subsequently caused a negative
negatif pada penjualan perbelanjaan fisik yang pada akhirnya         impact on the sales from offline shopping, which ultimately
berpengaruh terhadap kemampuan membayar para penyewa                 affected the tenants’ ability to pay rent. Apart from that, the
yang menyewa. Disamping itu, kenaikan biaya operasional              increase in operational costs such as utilities and operations
seperti utilitas dan operasional juga menggerus keuntungan           also eroded BPR’s net profits.
bersih BPR.


Dalam mengatasi beragam isu tersebut, BPR berusaha                   In overcoming these various issues, BPR strived to mitigate all
memitigasi seluruh risiko kerugian dengan mencoba adaptif            risks of loss by being adaptive to following trends in changing
dalam mengikuti tren perubahan perilaku konsumen, misalnya           consumer behavior, for example by integrating offline and
dengan mengintegrasikan pengalaman berbelanja offline dan            online shopping experiences. In addition, the management also
online. Selain itu, manajemen juga bekerja sama dengan semua         collaborated with all tenants to market their products through
penyewa untuk memasarkan produk-produk mereka melalui                social media managed by BPR management. Another way which
media sosial yang dikelola manajemen BPR. Hal lain yang juga         also allowed BPR to maintain a sound level of positive financial
dilakukan BPR untuk menjaga kinerja keuangan yang tetap              performance was to implement cost efficiency strategies.
positif adalah dengan menerapkan strategi efisiensi biaya.




                                                                                                       2023 Annual Report Bakrieland            97
Page 100
           Kilas Kinerja                      Profil Perusahaan                   Laporan Manajemen                     Unit Pendukung Bisnis
      Performance Highlights                   Corporate Profile                  Management Report                      Business Support Unit




     Kinerja Tahun 2023                                                     Performance in 2023
     Secara umum kinerja seluruh properti di bawah kelolaan BPR             In general, the performance of all properties under the
     dapat dilihat pada tabel di bawah ini:                                 management of BPR, is presented in the table below:



                                                                                                                     Kinerja
            Properti                           Informasi                            Lokasi                           Result
            Property                          Information                          Location
                                                                                                            2023                   2022
      Plaza Festival           Luas lantai sewa sebesar 17.113 m2 dan        Jakarta                  Tingkat Okupansi:     Tingkat Okupansi:
                               operasional dikelola dengan standar                                    79%                   79%
                               Total leasable area of 17,113 m2 with                                  Occupancy Rate:       Occupancy Rate:
                               standard operational management                                        79%                   79%
      Elite Club Epicentrum    Menempati 2 (dua) lantai seluas 5.215 m2      Jakarta                  Jumlah Anggota:       Jumlah Anggota:
                               dengan fasilitas lengkap dan operasional                               898                   776
                               dikelola dengan standar                                                Total Members:        Total Members:
                               Occupying 2 (two) floors totaling to                                   898                   776
                               5,215 m2 with complete range of facilities
                               and standard operational management




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Analisis dan Pembahasan Manajemen          Laporan Tata Kelola Perusahaan    Tanggung Jawab Sosial Perusahaan Terintegrasi/Laporan Keberlanjutan
Management Discussion and Analysis          Corporate Governance Report          Integrated Corporate Social Responsibility/Sustainability Report




PT Rasuna Residence Development                                      PT Rasuna Residence Development
Pada tahun 2004, PT Rasuna Residence Development (“RRD”)             In 2004, PT Rasuna Residence Development (“RRD”) was
didirikan dengan fokus kegiatan usaha di bidang jasa pengelolaan     established to focus on business activities in property
properti. RRD mengelola sejumlah properti, seperti Horison           management services. RRD manages a number of properties,
Suites & Residences Rasuna, The Grove Suites by Grand Aston,         among others the Horison Suites & Residences Rasuna, The
Swiss-Belresidences Rasuna Epicentrum serta The Alana Hotel          Grove Suites by Grand Aston, the Swiss-Belresidences Rasuna
& Conference Center Malioboro Yogyakarta.                            Epicentrum and The Alana Hotel & Conference Center Malioboro
                                                                     Yogyakarta.


Fokus Strategi Tahun 2023                                            Strategy Focus in 2023
Dalam mengelola properti perhotelan, RRD sangat menyadari            In managing hotel properties, RRD is very aware that the aspect
bahwa aspek kepuasan tamu hotel menjadi penentu                      of hotel guest satisfaction determines long-term operational
keberlangsungan operasional pada jangka panjang. Karena              sustainability. For this reason, RRD has implemented a number
itu, RRD telah menerapkan sejumlah strategi yang menjadi             of strategies of priorities in 2023 so that it can always provide
prioritas di 2023 agar senantiasa dapat memberikan pengalaman        the best staying experience to its customers.
menginap yang terbaik kepada para pelanggan.


Seluruh hotel melakukan peninjauan terhadap review dari para         All hotels assess the reviews made by overnight guests which
tamu yang menginap untuk senantiasa dijadikan sebagai bahan          always serve as evaluation materials for the Management
evaluasi bagi Manajemen agar bisa memberikan pelayanan               to provide better services going forward. Suggestions and
yang lebih baik lagi di waktu mendatang. Saran dan keluhan           complaints submitted must be responded quickly and resolved.
yang disampaikan wajib untuk ditanggapi dengan cepat dan
diselesaikan.


Disamping itu, standar keamanan dan kebersihan dijaga untuk          Apart from that, safety and cleanliness standards are maintained
memberikan kenyamanan bagi para pelanggan.                           to provide comfort for customers.


Tantangan dan Mitigasi                                               Challenges and Mitigation
Sepanjang periode pelaporan 2023, RRD dihadapkan dengan              Throughout the 2023 reporting period, RRD was faced with
beberapa isu utama, terutama tantangan persaingan usaha yang         several main issues, especially the challenge in the increasingly
semakin ketat dengan peers mulai dari segi harga hingga mulai        tight business competition with peers, starting from the price
menjamurnya beberapa hotel baru di area yang sama.                   aspect and the growing number of new hotels in the same area.


Dalam merespons tantangan yang dihadapi, RRD memantau                In responding to the challenges faced, RRD monitored and
dan mengendalikan harga Online Travel Agent sesuai dengan            controlled the Online Travel Agent prices according to market
tingkat daya beli pasar dan city occupancy. Selain itu, RRD juga     purchasing power levels and city occupancy. In addition, RRD
terus berinovasi serta mengikuti update terkait perkembangan         also continued to innovate and followed updates related to
teknologi dan isu yang sedang berkembang baik di dalam               technological developments and issues developing both at
ataupun luar negeri.                                                 home and abroad.


Didukung oleh implementasi strategi yang tepat dan                   Supported by the implementation of appropriate strategies
ketangkasan dalam mengatasi tantangan, pada tahun 2023,              and agility in overcoming challenges, in 2023, RRD’s business
secara umum aktivitas bisnis dan operasional RRD sudah mulai         and operational activities have generally begun to develop
berkembang dengan baik dibandingkan dengan tahun 2022.               well compared to 2022. This was also in line with the end of
Hal ini juga sejalan dengan berakhirnya status pandemi di            the pandemic status in Indonesia so all social activities in the
Indonesia sehingga seluruh aktivitas sosial masyarakat sudah         community have returned to running normally.
kembali berjalan normal.




                                                                                                       2023 Annual Report Bakrieland            99
Page 102
            Kilas Kinerja                       Profil Perusahaan                     Laporan Manajemen                   Unit Pendukung Bisnis
       Performance Highlights                    Corporate Profile                    Management Report                    Business Support Unit




      Kinerja Tahun 2023                                                        Performance in 2023
      Secara umum kinerja seluruh properti di bawah kelolaan RRD                In general, the performance of all properties managed by RRD
      dapat dilihat pada tabel berikut ini:                                     is provided in the following table:

                                                                                                                         Kinerja
             Properti                            Informasi                              Lokasi                           Result
             Property                           Information                            Location
                                                                                                                2023                 2022
       The Grove Suites         Hotel bintang 5 yang dikelola oleh               Jakarta                  Tingkat Okupansi:   Tingkat Okupansi:
                                PT Aston International Indonesia                                          71%                 74%
                                A 5-star hotel managed by PT Aston                                        Occupancy Rate:     Occupancy Rate:
                                International Indonesia                                                   71%                 74%
       Horison Suites &         Terdiri dari 2 (dua) menara yaitu Menara A       Jakarta                  Tingkat Okupansi:   Tingkat Okupansi:
       Residences Rasuna        (224 unit serviced apartment & strata hotel)                              65%                 65%
                                dan Menara B (226 unit kondominium                                        Occupancy Rate:     Occupancy Rate:
                                hunian)                                                                   65%                 65%
                                Consisting of 2 (two) towers, namely Tower
                                A (224 units of serviced apartments & strata
                                hotels) and Tower B (226 units of residential
                                condominiums)
       Swiss-Bel Residences     Hotel bintang 4 yang berada di kawasan           Jakarta                  Tingkat Okupansi:   Tingkat Okupansi:
       Rasuna Epicentrum        Rasuna Epicentrum                                                         71%                 61%
                                A 4-star hotel located in the Rasuna                                      Occupancy Rate:     Occupancy Rate:
                                Epicentrum area                                                           71%                 61%
       The Alana Hotel &        Hotel bintang 4 dengan 296 kamar dan             Yogyakarta               Tingkat Okupansi:   Tingkat Okupansi:
       Conference Center        fasilitas yang lengkap, termasuk area                                     58%                 49%
       Malioboro Yogyakarta     eksibisi dalam ruang sebesar 2.800 m2                                     Occupancy Rate:     Occupancy Rate:
                                A 4-star hotel with 296 rooms and a                                       58%                 49%
                                complete range of facilities, including an
                                indoor exhibition area of 2,800 m2



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Analisis dan Pembahasan Manajemen           Laporan Tata Kelola Perusahaan    Tanggung Jawab Sosial Perusahaan Terintegrasi/Laporan Keberlanjutan
Management Discussion and Analysis           Corporate Governance Report          Integrated Corporate Social Responsibility/Sustainability Report




PT Provices Indonesia                                                 PT Provices Indonesia
Pada tahun 2012, Provices Indonesia (“PVI”) resmi berdiri sebagai     In 2012, Provices Indonesia (“PVI”) was officially established as
Unit Usaha BSU dan menjalankan kegiatan usaha pengelolaan             a BSU Business Unit to run its property management business
properti. Saat ini PVI tidak hanya mengelola properti Perseroan,      activities. Currently PVI not only manages its own properties,
tetapi juga diluar properti Perseroan.                                but also those outside of the Company.


Fokus Strategi Tahun 2023                                             Strategy Focus in 2023
PVI berfokus untuk memperbesar jumlah pengelolaan properti            PVI focused on increasing the number of property management
di luar Perseroan untuk meningkatkan pendapatan dengan                outside of the Company to increase revenue by prioritizing
mengedepankan layanan menyeluruh yang didukung Standard               comprehensive services supported by Standard Operating
Operating Procedure (SOP) yang mengadopsi dari berbagai best          Procedures (SOP) which adopt various best practices and
practices dan standar pelayanan nasional.                             national service standards.


PVI juga menerapkan Nilai-Nilai Perusahaan yang mendorong             PVI also implemented Corporate Values which encourage
seluruh karyawan untuk mengedepankan pelayanan yang prima,            all employees to prioritize excellent service, integrity and
berintegritas, dan sesuai dengan kebutuhan pelanggan.                 accordance with customers’ needs.


Tantangan dan Mitigasi                                                Challenges and Mitigation
Sepanjang tahun 2023, seluruh properti yang dikelola PVI              Throughout the year 2023, all properties managed by PVI
mulai menunjukkan sinyal perbaikan kinerja meskipun pada              began to show signs of performance improvement, although
tahap yang lebih lambat dibandingkan produk properti lainnya.         at a stage slower than other property products. The rise of
Bangkitnya industri properti juga tercermin dari keberhasilan         the property industry was also reflected in the success of PVI,
PVI yang selama 2023 berhasil mengantongi sejumlah proyek             which during 2023 succeeded in securing a number of new
pengelolaan properti baru di luar properti Perseroan, antara          property management projects outside of the Company’s
lain Kementerian Dalam Negeri, Kementerian Keuangan,                  properties, including the Ministry of Home Affairs, the Ministry
Kementerian Kelautan,       Kementerian Luar Negeri, Rumah            of Finance, the Ministry of Maritime Affairs, the Ministry of
Sakit AMC Yogyakarta, Rumah Sakit Jogja Internasional, Istana         Foreign Affairs, AMC Yogyakarta Hospital, Jogja International
Presiden, Rumah Sakit Bhayangkara Sleman, dan Universitas             Hospital, the Presidential Palace, Sleman Bhayangkara Hospital,
Indonesia. Selain itu, PVI juga masih mengelola proyek-proyek         and Universitas Indonesia. Moreover, PVI also still manages
lainnya yang memiliki skala ekonomi besar, seperti pengelolaan        other projects of large economic scale, such as the property
properti    Bank Indonesia, LKPP, Rumah Sakit Fatmawati,              management of Bank Indonesia, LKPP, Fatmawati Hospital,
RS Pondok Indah, RS Permata Cibubur, Kementerian Perdagangan,         Pondok Indah Hospital, Permata Cibubur Hospital, Ministry of
dan Gedung ASEAN.                                                     Trade, and ASEAN Building.


Kinerja Tahun 2023                                                    Performance in 2023
Secara umum kinerja seluruh properti di bawah kelolaan PVI            In general, the performance of all properties managed by PVI
dapat dilihat pada tabel berikut ini:                                 is presented in the following table:




                                                                                                        2023 Annual Report Bakrieland           101
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           Kilas Kinerja                       Profil Perusahaan                    Laporan Manajemen                   Unit Pendukung Bisnis
      Performance Highlights                    Corporate Profile                   Management Report                    Business Support Unit




                                                                                                                       Kinerja
            Properti                            Informasi                             Lokasi                           Result
            Property                           Information                           Location
                                                                                                              2023                 2022
      Rasuna Office Park       Kompleks terpadu komersial dan ritel            Jakarta                  Tingkat Okupansi:   Tingkat Okupansi:
                               dengan total area sewa seluas 3.945 m2                                   99%                 99%
                               Integrated commercial and retail complex                                 Occupancy Rate:     Occupancy Rate:
                               with a total leasable area of 3,945 m2                                   99%                 99%
      Epiwalk Office Suites    Perkantoran 4 lantai yang terletak di           Jakarta                  Tingkat Okupansi:   Tingkat Okupansi:
                               area lifestyle and entertainment – Epiwalk                               91%                 98%
                               Rasuna Epicentrum                                                        Occupancy Rate:     Occupancy Rate:
                               A 4-storey office building at the lifestyle                              91%                 98%
                               and entertainment area – Epiwalk Rasuna
                               Epicentrum
      Bakrie Tower             Gedung perkantoran strata 47 lantai             Jakarta                  Tingkat Okupansi:   Tingkat Okupansi:
                               dengan ketinggian 215 m dan luas area                                    96%                 95%
                               dijual sebesar 41.407 m2                                                 Occupancy Rate:     Occupancy Rate:
                               A 47-storey strata office building with a                                96%                 95%
                               height of 215 m and a saleable area of
                               41,407 m2.
      Wisma Bakrie 1           Gedung perkantoran 8 lantai dengan luas         Jakarta                  Tingkat Okupansi:   Tingkat Okupansi:
                               area sewa 11.410 m2                                                      65%                 65%
                               8-storey office building with a rentable area                            Occupancy Rate:     Occupancy Rate:
                               of 11,410 m2                                                             65%                 65%




102   Bakrieland Laporan Tahunan 2023
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Analisis dan Pembahasan Manajemen             Laporan Tata Kelola Perusahaan          Tanggung Jawab Sosial Perusahaan Terintegrasi/Laporan Keberlanjutan
Management Discussion and Analysis             Corporate Governance Report                Integrated Corporate Social Responsibility/Sustainability Report




                                                                                                                         Kinerja
        Properti                           Informasi                               Lokasi                                Result
        Property                          Information                             Location
                                                                                                               2023                  2022
 Wisma Bakrie 2           Gedung perkantoran 18 lantai dengan luas          Jakarta                     Tingkat Okupansi:     Tingkat Okupansi:
 (Menara Bappenas)        area sewa 18.999 m2                                                           98%                   98%
                          18-storey office building with a leasable area                                Occupancy Rate:       Occupancy Rate:
                          of 18,999 m2                                                                  98%                   98%
 Apartemen the Sand       Apartemen 42 lantai dengan total                  Jakarta                     Tingkat Hunian:       Tingkat Hunian:
 & Coral                  1.900 unit yang berlokasi di kawasan                                          450 kepala            408 kepala
                          Rasuna Epicentrum                                                             keluarga              keluarga
                          42-storey apartment with a total of                                           Occupancy Rate:       Occupancy Rate:
                          1,900 units located in the Rasuna                                             450 households        408 households
                          Epicentrum area


PT Graha Multi Insani                                                      PT Graha Multi Insani
Pada tahun 2011, PT Graha Multi Insani (“GMI”) didirikan untuk             In the year 2011, PT Graha Multi Insani (“GMI”) was established
menjalankan kegiatan usaha di bidang pengembangan dan                      to conduct business activities in property development and
pembangunan properti. Proyek yang dikembangkan GMI, antara                 construction. Projects developed by GMI, among others, are
lain Awana Townhouses dan Awana Condotel. Awana Townhouse                  the Awana Townhouses and Awana Condotel. The Awana
merupakan proyek rumah tapak dengan 38 unit hunian eksklusif               Townhouse is a housing project of 38 exclusive residential units
dimana seluruh unit hunian sudah terjual. Awana Condotel saat              where all the units are already sold out. The Awana Condotel
ini telah dioperasikan sebagai The Alana Hotel & Conference                is currently operating as The Alana Hotel & Conference Center
Center Malioboro Yogyakarta.                                               Malioboro Yogyakarta.


PT Bakrie Pangripta Loka                                                   PT Bakrie Pangripta Loka
PT Bakrie Pangripta Loka (“BPL”) didirikan pada tahun                      PT Bakrie Pangripta Loka (“BPL”) was established in 2008 with
2008 dengan kegiatan usaha di bidang pengembangan dan                      business activities in property development and construction.
pembangunan properti. Beberapa proyek yang dikembangkan                    Several projects developed by BPL include the Sentra Timur
BPL di antaranya Apartemen Sentra Timur Residence (bekerja                 Residence Apartment (in cooperation with PT Perumnas),
sama dengan PT Perumnas), Commercial Park, Perumahan                       Commercial Park, Mutiara Platinum Housing, as well as the
Mutiara Platinum, serta Grand Mutiara Platinum yang seluruhnya             Grand Mutiara Platinum which all of them are located in the
berada di kawasan terintegrasi Sentra Timur Superblok. Khusus              Sentra Timur Superblock. Specifically, the Mutiara Platinum and
untuk perumahan Mutiara Platinum dan Grand Mutiara Platinum                Grand Mutiara Platinum are exclusive residential compounds
adalah proyek kompleks perumahan eksklusif dengan luas lahan               spread over an area of 5,958 sqm.
5.958 m2.


Kinerja Tahun 2023                                                         2023 Performance
Secara umum kinerja seluruh properti di bawah kelolaan BPL                 In general, the performance of all properties under the
dapat dilihat pada tabel di bawah ini:                                     management of BPL is presented in the table below:

                                                                                                                         Kinerja
        Properti                           Informasi                               Lokasi                                Result
        Property                          Information                             Location
                                                                                                               2023                  2022
 Sentra Timur             Kawasan proyek apartemen Rusunami                 Jakarta                     Tingkat Hunian:        Tingkat Hunian:
 Residence (STR)          dengan total menara yang sudah dibangun                                       2.331 kepala           2.282 kepala
                          7 menara yang berlokasi di kawasan                                            keluarga               keluarga
                          Pulogebang                                                                    Occupancy Rate:        Occupancy Rate:
                          The Rusunami apartment project area with                                      2,331 households       2,282 households
                          a total of 7 completely built towers located
                          in the Pulogebang area




                                                                                                                2023 Annual Report Bakrieland           103
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            Kilas Kinerja                      Profil Perusahaan                Laporan Manajemen                    Unit Pendukung Bisnis
       Performance Highlights                   Corporate Profile               Management Report                     Business Support Unit




      PT Mutiara Masyhur Sejahtera                                        PT Mutiara Masyhur Sejahtera
      PT Mutiara Masyhur Sejahtera (“MMS”) didirikan pada tahun 2005      PT Mutiara Masyhur Sejahtera (“MMS”) was established in
      untuk berfokus menjalankan kegiatan usaha pengembangan              2005 to focus on business activities in the development and
      dan pembangunan Township Kahuripan Nirwana dengan total             construction of Kahuripan Nirwana Township with an overall
      masterplan seluas 634 ha di Sidoarjo, Jawa Timur. Kawasan           masterplan area of 634 ha in Sidoarjo, East Java. Kahuripan
      Kahuripan Nirwana terdiri dari beberapa cluster rumah,              Nirwana area consists of several housing clusters, among
      antara lain The Gardin, Mora Grove, Monroe Grove, Kahuripan         others, The Gardin, Mora Grove, Monroe Grove, Kahuripan
      Park, Kahuripan Terrace, dan New Gardin. Kahuripan Nirwana          Park, Kahuripan Terrace and New Gardin. Kahuripan Nirwana
      juga mengembangkan Apartemen Tamansari Prospero, yang               also developed the Tamansari Prospero Apartment, a joint
      merupakan proyek kerja sama antara Perusahaan dengan BUMN.          project between the Company and the State-Owned Enterprises
      Area komersial pendukung juga ikut dikembangkan seperti ruko,       (BUMN). The supporting commercial area was also developed
      area foodcourt dan fasilitas umum lainnya untuk meningkatkan        comprising of shop-houses, food-court area and other public
      kenyamanan bagi para penghuni.                                      facilities to enhance the convenience of the residents.


      Fokus Strategi Tahun 2023                                           Strategy Focus in 2023
      Kinerja properti perumahan tapak (landed residential) relatif       The performance of the landed residential property segment
      stabil di tahun 2023, walaupun di sisi lain penjualan apartemen     was relatively stable in 2023, although on the other hand,
      belum menunjukkan tanda-tanda pemulihan yang kuat sejak             apartment sales have yet to show strong recovery since
      pandemi berakhir. Dalam rangka memaksimalkan kinerja bisnis         the pandemic ended. In the context of maximizing business
      di tengah berbagai tantangan yang dihadapi, MMS berusaha            performance amidst various challenges faced, MMS strived to
      menjaga keberlanjutan usahanya dengan terus menjalin kerja          maintain its business continuity by maintaining good cooperation
      sama yang baik bersama perbankan di wilayah Sidoarjo dan            with the banking sector in the Sidoarjo and Surabaya areas.
      Surabaya. Hal lain yang juga tidak luput dari fokus MMS adalah      Another matter as also part of MMS’s focus is the commitment to
      komitmen pemenuhan tanggung jawab kepada para pembeli               fulfill its responsibilities to buyers to ensure that each customer
      untuk memastikan setiap pelanggan telah mendapatkan kualitas        receives a good quality product upon handover of the unit/
      produk yang baik saat serah terima bangunan dilakukan.              building purchased.


      Tantangan dan Mitigasi                                              Challenges and Mitigation
      Properti Kahuripan Nirwana mengalami keterbatasan stok              The Kahuripan Nirwana property was faced with a stock
      di 2023 karena sebagian besar unitnya sudah terjual. Di tengah      limitation in 2023 as most of the products were already sold.
      kondisi tersebut, jadwal pengembangan unit baru mengalami           In the midst of such conditions, the development schedule for
      penundaan sehingga berdampak pada kinerja penjualan.                new units was delayed that it impacted sales performance.


      Kinerja Tahun 2023                                                  Performance in 2023
      Secara umum kinerja seluruh properti di bawah kelolaan MMS          In general, the performance of all properties under the
      dapat dilihat pada tabel di bawah ini:                              management of MMS is presented in the table below:



                                                                                                                    Kinerja
             Properti                           Informasi                         Lokasi                            Result
             Property                          Information                       Location
                                                                                                          2023                  2022
       Taman Sari Prospero      Apartemen dengan rencana 3 tower dengan    Sidoarjo, Jawa Timur     Tingkat Penjualan:   Tingkat Penjualan:
                                total 1.379 unit                           Sidoarjo, East Java      86% (TW1)            86% (TW1)
                                Apartment project planned for 3 towers                              57% (TW2)            43% (TW2)
                                with a total of 1,379 units                                         Sales:               Sales:
                                                                                                    86% (Q1)             86% (Q1)
                                                                                                    57% (Q2)             43% (Q2)




104    Bakrieland Laporan Tahunan 2023
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Analisis dan Pembahasan Manajemen             Laporan Tata Kelola Perusahaan     Tanggung Jawab Sosial Perusahaan Terintegrasi/Laporan Keberlanjutan
Management Discussion and Analysis             Corporate Governance Report           Integrated Corporate Social Responsibility/Sustainability Report




                                                                                                                      Kinerja
        Properti                           Informasi                             Lokasi                               Result
        Property                          Information                           Location
                                                                                                           2023                  2022
 Cluster Kahuripan         Cluster rumah dengan 282 unit di dalam        Sidoarjo, Jawa Timur        Tingkat Penjualan:   Tingkat Okupansi:
 Terrace                   area seluas 6 ha                              Sidoarjo, East Java         99%                  97%
                           Housing cluster with 282 units spread over                                Sales:               Occupancy Rate:
                           an area of 6 ha                                                           99%                  97%
 Kahuripan Nirwana         Pengembangan Township Kahuripan               Jakarta                     Tingkat Hunian:      Tingkat Hunian:
                           Nirwana dengan total masterplan seluas                                    2.489 kepala         2.468 kepala
                           634 ha                                                                    keluarga             keluarga
                           Development of Kahuripan Nirwana                                          Occupancy Rate:      Occupancy Rate:
                           Township with a master plan spread                                        2,489 households     2,468 households
                           to 634 ha



Penghargaan Tahun 2023                                                  Awards In 2023
                Properti                                       Penghargaan                               Pihak Pemberi Penghargaan
                Property                                         Awards                                 Award-Presentation Organization
 Horison Suites & Residences Rasuna        Travelers Choice 2023                                     Tripadvisor
                                           2023 Travelers’ Choice
 The Grove Suites                          • Penghargaan GRI (Global Review Indeks) Komen            Archipelago Internasional
                                             Positif dari tamu
                                           • Penghargaan High Revenue 2023
                                           • Customer Review Awards 2023                             Agoda
                                           • Global Review Index (GRI) Awards, Positive Comments
                                             from guests
                                           • 2023 High Revenue Awards
                                           • 2023 Customer Review Awards
 Swiss-Bel Residences Rasuna               • Star Properties of Loyalty Member Swiss-Bel             Swiss-Belhotel
 Epicentrum                                  Executive Card
                                           • Traveler’s Choice 2023                                  Tripadvisor
                                           • Customer Review Awards 2023                             Agoda
                                           • Star Properties of Swiss-Bell Executive Card Loyalty
                                             Member
                                           • 2023 Travelers’ Choice
                                           • 2023 Customer Review Awards
 The Alana Hotel & Conference Center       • FC Conference, the Best Audit Score Brand,              Archipelago Internasional
 Malioboro Yogyakarta                        The Alana
                                           • FC Conference, the Best Submission, E-Bupot
                                           • FO National Training, 2nd Winner Semantic Positive
                                             Mentions
                                           • HK Boot Camp, 1st Winner High Positive Mention
                                           • GM Conference, 1st Highest Score of FB Service
                                             Arch Audit Category 4 – 5 Star Hotel
                                           • FC Conference, the Best Audit Score Brand,
                                             The Alana
                                           • FC Conference, the Best Submission, E-Bupot
                                           • FO National Training, 2nd Winner of Semantic Positive
                                             Mentions
                                           • HK Boot Camp, 1st Winner with High Positive Mention
                                           • GM Conference, 1st Highest Score for FB Service Arch
                                             Audit of 4-5 Star Hotel Category
 Kahuripan Nirwana                         2nd Place - the Best Developer 2023 Award                 Bank Rakyat Indonesia (BRI)
                                           2nd Place in the 2023 Best Developer Award




                                                                                                             2023 Annual Report Bakrieland         105
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            Kilas Kinerja                    Profil Perusahaan                     Laporan Manajemen                 Unit Pendukung Bisnis
       Performance Highlights                 Corporate Profile                    Management Report                  Business Support Unit




      PT GRAHA ANDRASENTRA PROPERTINDO TBK                               PT GRAHA ANDRASENTRA PROPERTINDO TBK

      PT Graha Andrasentra Propertindo Tbk (“GAP”) didirikan pada        PT Graha Andrasentra Propertindo Tbk (“GAP”) was established
      tahun 1988 yang berfokus menjalankan kegiatan usaha di bidang      in 1988 with the focus to carry out business activities in property
      properti dan taman rekreasi. GAP mengelola kawasan Bogor           and recreational park development. GAP manages the Bogor
      Nirwana Residence (BNR) yang terdapat beberapa properti            Nirwana Residence (BNR) area of which consists of several
      dan taman rekreasi antara lain The Jungle Waterpark, Rivera        properties and recreational parks, among others, The Jungle
      Outbound & Edutainment, dan Aston Bogor Hotel and Resort.          Waterpark, Rivera Outbound & Edutainment, and Aston Bogor
                                                                         Hotel and Resort.


      Secara keseluruhan di tahun 2023, GAP menilai kondisi industri     Overall in the year 2023, GAP assessed the property industry’s
      properti di area Bogor relatif lebih baik dibandingkan tahun       conditions in the Bogor area as relatively sound compared to
      sebelumnya. Sinyal perbaikan tersebut didukung oleh akumulasi      the previous year. Such a sign of improvement was supported
      demand yang terbentuk selama pandemi berlangsung hampir            by the accumulated demands established during the pandemic
      tiga tahun lamanya. Akan tetapi kinerja yang diberikan belum       period of almost three years. Nevertheless, the performance
      maksimal di tahun ini karena membutuhkan waktu untuk               was still not optimal during the year as it required time to
      memperkenalkan kembali produk perumahan di area BNR.               reintroduce the housing products available in the BNR area.


      Fokus Strategi Tahun 2023                                          Strategy Focus in 2023
      Pada tahun 2023, fokus pengelolaan bisnis GAP tertuju pada         In the year 2023, the focus of GAP’s business management was
      inisiatif pengembangan taman rekreasi baru, peluncuran cluster     aimed at the development of initiatives for new recreational
      hunian baru, peningkatan kinerja operasional dari aset existing,   parks, the launching of new housing clusters, the improvement
      dan melanjutkan efisiensi usaha. Berikut ini adalah implementasi   in operational performance from existing assets, and the
      strategi yang telah dilaksanakan GAP di masing-masing properti     continuation of business efficiency. The following is the
      sepanjang tahun 2023, yaitu:                                       implementation of strategies carried out by GAP in each of
                                                                         the property during the year 2023:
      1.   Pengembangan Produk                                           1.   Product Development
           a.   Pengembangan taman rekreasi baru bernama Rivera               a.     Developed the new recreational park, Rivera Outbound
                Outbound & Edutainment yang berlokasi di kawasan BNR;                & Edutainment, located in the BNR area;
           b.   Peluncuran wahana baru Jungle Beach yang menawarkan           b.     Launched the new ride, Jungle Beach, offering the
                sensasi pantai dengan nuansa pegunungan untuk                        sensation of a beach with mountain nuance to complete
                melengkapi wahana yang ada di The Jungle Waterpark;                  the existing rides at The Jungle Waterpark;
           c.   Mulai memasarkan klaster Sayana di dalam kawasan BNR.         c.     Begin marketing the Sayana cluster in the BNR area.
      2.   Pemasaran                                                     2.   Marketing
           Perumahan                                                          Housing
           a.   Bekerjasama dengan agen untuk memasarkan produk;              a.     Cooperation with agents to market products
           b.   Membuka booth di lokasi strategis untuk dapat                 b.     Set up booths in strategic locations to offer products
                menawarkan produk;
           c.   Secara aktif mempromosikan melalui media offline              c.     Active promotion through offline media and social media.
                dan media sosial.
           Hotel                                                              Hotel
           a.   Menjalankan berbagai strategi pricing untuk kamar dan         a.     Implemented various pricing strategies for rooms and
                paket meeting guna meningkatkan pendapatan hotel;                    meeting packages in order to increase hotel income;
           b.   Melanjutkan pemaparan pengetahuan secara umum                 b.     Continued with general knowledge exposure to domestic
                kepada kalangan domestik dan ekspatriat di perusahaan                and expatriate groups in multinational companies to
                multi nasional untuk mencapai potensial bisnis baik                  achieve business prospects in both short and long terms;
                pada jangka pendek maupun jangka panjang;




106    Bakrieland Laporan Tahunan 2023
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Analisis dan Pembahasan Manajemen          Laporan Tata Kelola Perusahaan        Tanggung Jawab Sosial Perusahaan Terintegrasi/Laporan Keberlanjutan
Management Discussion and Analysis          Corporate Governance Report              Integrated Corporate Social Responsibility/Sustainability Report




     c.   Memaksimalkan pendapatan dengan menawarkan                        c.    Maximized income by offering various overnight-stays
          berbagai paket menginap untuk segmen tamu keluarga;                     packages for the family-guest segment;
     d.   Menawarkan promosi food and beverages untuk                       d.    Offered food and beverages promotions to increase
          meningkatkan pendapatan hotel;                                          hotel income;
     e.   Menambah fasilitas untuk tamu di akhir pekan untuk                e.    Additional facilities for guests during the weekend to
          menarik perhatian pengunjung; dan                                       attract visitors’ attention; and
     f.   Secara aktif mempromosikan fasilitas dan kegiatan-                f.    Active promotion of hotel facilities and activities through
          kegiatan hotel melalui media online, media offline dan                  online media, offline media and social media.
          media sosial.
3.   Taman Rekreasi                                                  3.     Amusement Park
     a.   Meneruskan promo reguler, seperti ulang tahun, KTP,               a.    Continued with regular promotions, such as for
          promo bulanan;                                                          birthdays, Personal Identification or KTP package,
                                                                                  monthly promotions;
     b.   Memberlakukan tactical promo melalui media sosial,                b.    Enforced tactical promotion through social media and
          dan situs web;                                                          website;
     c.   Promo kerja sama merchant;                                        c.    Joint promotion with merchants;
     d.   Melakukan pameran;                                                d.    Conducted exhibitions;
     e.   Publikasi melalui media massa, media sosial, banner,              e.    Publication through mass media, social media, banners,
          dan iklan; dan                                                          and advertisement; and
     f.   Flyering/Voucher.                                                 f.    Flyers/Vouchers.


Tantangan dan Mitigasi                                               Challenges and Mitigation
Dalam mengelola seluruh properti yang dimiliki, GAP dihadapkan       In managing all of its properties, GAP was faced with a number
dengan sejumlah tantangan eksternal yang terjadi di luar kendali     of external challenges that occurred outside of the Company’s
Perusahaan, seperti kenaikan harga bahan baku bangunan yang          control, such as the price increase in building raw materials which
pada gilirannya memicu kenaikan harga jual properti, serta           in turn triggered the increase in property selling prices, as well
tingginya suku bunga pinjaman sejalan dengan kenaikan BI             as the high credit interest rates in line with BI rate increment
rate selama 2023. Di sisi lain GAP juga menghadapi tantangan         during the year 2023. On the other hand, GAP was also faced
persaingan usaha yang semakin ketat dengan perusahaan                with challenges in the tightening business competition with
properti lainnya.                                                    other property companies.


Sebagai bentuk respons atas situasi yang dihadapi, GAP berusaha      As a form of response to the situation faced, GAP strived to
mempertahankan daya saingnya dengan mengembangkan aset               maintain its competitiveness by developing innovative and
atau proyek-proyek yang inovatif dan menarik misalnya dengan         attractive assets or projects, for example, by presenting more
menghadirkan desain bangunan yang lebih impresif, melakukan          impressive building designs, rejuvenating existing and adding
peremajaan dan penambahan wahana baru, hingga menawarkan             new rides, offering competitive prices and implementing the
harga yang kompetitif dan menerapkan strategi promosi paket          strategy of bundling promotional packages. Another issue
bundling. Hal lain yang juga menyita perhatian GAP di tahun          that also caught GAP’s attention in 2023 was the expensive
ini adalah mahalnya biaya pemasaran sehingga menuntut GAP            marketing costs that forced GAP to be able to optimize its
untuk lebih bisa mengoptimalkan strategi digital marketing yang      digital marketing strategy which requires less expensive costs
membutuhkan biaya lebih murah namun terbukti efektif dalam           but has proven to be effective in reaching a very wide range
menjangkau calon pelanggan dengan sangat luas.                       of potential customers.




                                                                                                           2023 Annual Report Bakrieland           107
Page 110
            Kilas Kinerja                      Profil Perusahaan                    Laporan Manajemen                   Unit Pendukung Bisnis
       Performance Highlights                   Corporate Profile                   Management Report                    Business Support Unit




      Kinerja Tahun 2023                                                      Performance in 2023
      Secara umum kinerja seluruh properti di bawah kelolaan GAP              In general, details of the performance of all properties managed
      dapat dilihat pada tabel di bawah ini:                                  by GAP are provided in the table below:

                                                                                                                       Kinerja
               Properti                         Informasi                             Lokasi                           Result
               Property                        Information                           Location
                                                                                                              2023                 2022
       Taman Rekreasi
       Amusement Park
       The Jungle Water         Taman rekreasi berupa wahana permainan         Bogor, Jawa Barat        Total Pengunjung:    Total Pengunjung:
       Adventure Park           air dengan konsep family edutainment dan       Bogor, West Java         699.214              582.341
                                natural di atas lahan seluas 3,9 ha                                     Total Visitors:      Total Visitors:
                                A water amusement park that features                                    699,214              582,341
                                water rides with the concept of family
                                edutainment and nature on an area of 3.9 ha
       Rivera Outbound &        Taman rekreasi dengan konsep outbound          Bogor, Jawa Barat
       Edutainment              yang memberikan edukasi dan petualangan        Bogor, West Java
                                alam di atas lahan seluas 2,9 ha dan akan
                                memiliki 15 wahana dan atraksi untuk
                                keluarga atau semua kalangan usia
                                A amusement park with outbound
                                concept that provides education and
                                nature adventure on an area of 2.9 ha
                                and scheduled to include 15 rides and
                                attractions for families of all ages
       Hotel
       Hotel
       Aston Bogor              Hotel bintang 4 yang memiliki 4 (empat)        Bogor, Jawa Barat        Tingkat Okupansi:    Tingkat Okupansi:
       Hotel and Resort         menara dan berdiri di atas lahan seluas        Bogor, West Java         74%                  73%
                                3,5 ha. Dikelola dengan standar                                         Occupancy Rate:      Occupancy Rate:
                                pengelolaan Aston Archipelago                                           74%                  73%
                                International Indonesia
                                A 4-star, 4-tower hotel that stands on
                                an area of 3.5 ha. Managed with Aston
                                Archipelago International Indonesia
                                management standards
       Apartemen
       Apartemen
       Apartemen J.Sky          Terdiri dari 2 (dua) wing, yaitu Azure         Bogor, Jawa Barat        Tingkat Penjualan:   Tingkat Penjualan:
                                (264 unit) dan Balfour (188 unit), kios        Bogor, West Java         11%                  14%
                                sebanyak 9 unit, kantor toko sebanyak                                   Sales:               Sales:
                                28 unit                                                                 11%                  14%
                                A 2-wing apartment consisting of the one-
                                wing Azure (264 units) and the other wing
                                Balfour (188 units), 9 kiosk units, and
                                28 units of shop-office
       Perumahan
       Housing
       Bogor Nirwana            Kawasan hunian terpadu dan terbesar            Bogor, Jawa Barat        Tingkat Hunian:      Tingkat Hunian:
       Residence                di Kota Bogor dengan segmen menengah-          Bogor, West Java         2.674 kepala         2.650 kepala
                                atas, yang terdiri dari kawasan perumahan                               keluarga             keluarga
                                (cluster) dan komersial (ruko di Orchard                                Occupancy rate:      Occupancy rate:
                                Walk dan Jungle Mall)                                                   2,674 households     2,650 households
                                The largest integrated residential area in
                                Bogor City for the middle-upper segment,
                                consisting of residential (cluster) and
                                commercial areas (shops in Orchard Walk
                                and Jungle Mall)




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Analisis dan Pembahasan Manajemen      Laporan Tata Kelola Perusahaan   Tanggung Jawab Sosial Perusahaan Terintegrasi/Laporan Keberlanjutan
Management Discussion and Analysis      Corporate Governance Report         Integrated Corporate Social Responsibility/Sustainability Report




Penghargaan Tahun 2023                                            Awards in 2023
                Properti                                Penghargaan                            Pihak Pemberi Penghargaan
                Property                                  Awards                              Award-Presentation Organization
 Aston Bogor Hotel & Resort          Travelers Choice 2023                                 Tripadvisor
                                     2023 Travelers’ Choice
                                     Anugerah Pajak Daerah 2023                            Bapenda Kota Bogor
                                     Local Tax Bounty 2023                                 Bogor City Bapenda
 The Jungle Waterpark Bogor          Top 20 Waterparks – Asia Pacific                      AECOM




                                                                                                  2023 Annual Report Bakrieland           109
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            Kilas Kinerja                    Profil Perusahaan                         Laporan Manajemen                Unit Pendukung Bisnis
       Performance Highlights                 Corporate Profile                        Management Report                 Business Support Unit




      PT KRAKATAU LAMPUNG TOURISM                                            PT KRAKATAU LAMPUNG TOURISM
      DEVELOPMENT                                                            DEVELOPMENT

      PT Krakatau Lampung Tourism Development (“KLTD”) didirikan             PT Krakatau Lampung Tourism Development (“KLTD”) was
      pada tahun 2007 untuk menjalankan pengelolaan di kawasan               established in 2007 to manage the Kalianda Nirwana Resort
      Kalianda Nirwana Resort (KNR), Kalianda, Lampung Selatan.              (KNR) area, Kalianda, South Lampung. Until the end of 2023,
      Hingga akhir 2023, di dalam kawasan terdapat Hotel dan Resort          the area encompassed the Grand Elty Krakatau (GEK) Hotel and
      Grand Elty Krakatoa (GEK), Taman dan Rekreasi Pantai, dan              Resort, Park and Recreational Beach and Glamour Camping.
      Glamour Camping.


      Perkembangan sektor properti di Provinsi Lampung mulai                 The property sector development in the Province of Lampung
      menunjukkan tren positif di tahun 2023 walaupun tidak                  was beginning to show a positive though not significant trend
      signifikan.    Beberapa   pengembang       terpantau        berhasil   in the year 2023. A number of developers were successful in
      membukukan pertumbuhan penjualan sekitar 5% dibandingkan               recording sales growth of around 5% compared to the year
      tahun 2022. Mulai bangkitnya geliat tempat-tempat wisata               2022. The revival of nature-based tourist attractions after the
      berbasis alam setelah pandemi berakhir menjadi salah satu              pandemic ended became one of the catalysts that stimulated
      katalis yang menggairahkan investasi di sektor properti.               investment in the property sector.


      Fokus Strategi Tahun 2023                                              Strategy Focus in 2023
      Pada tahun 2023, KLTD telah mengeksekusi sejumlah strategi             In the year 2023, KLTD executed a number of business strategies
      bisnis yang dinilai efektif untuk mendorong peningkatan kinerja,       considered effective in improving performance, among others
      antara lain:                                                           are as follows:
      1.   Pengembangan Produk                                               1.   Product Development
           a.   Menambah kapasitas hotel dan vila sehingga total                  a.     Additional capacity of the hotel and villa totaling to
                ketersediaan menjadi 84 kamar;                                           available 84 room units;
           b.   Menambah kamar tipe Cabin sehingga menjadi 36 kamar;              b.     Additional Cabin-type rooms to a total of 36 units;
           c.   Menambah 3 (tiga) wahana baru dan spot-spot foto baru.            c.     Additional 3 (three) new rides and new photography
                                                                                         spots.
      2.   Operasional                                                       2.   Operations
           Secara bertahap melakukan penggantian fasilitas kamar.                 Conducted the refurbishment of room facilities in stages.
      3.   Keuangan                                                          3.   Finance
           Konsisten menerapkan strategi efisiensi biaya pada seluruh             Consistently implemented cost efficiency strategy in all
           aspek operasional maupun bisnis.                                       operational and business aspects.
      4.   Pemasaran                                                         4.   Marketing
           Mengupayakan strategi pemasaran digital dengan                         Strive to implement digital marketing by targeting
           menargetkan pangsa pasar Palembang terealisasi 45%                     Palembang market segment to actualize up to 45% of the
           dari target share 36%.                                                 36% share target.
      5.   Sumber Daya Manusia (SDM)                                         5.   Human Resources
           Melakukan cross training dengan chain hotel di lingkungan              Conducted cross training with chain hotels within Bakrie
           Bakrie Group.                                                          Group.


      Tantangan dan Mitigasi                                                 Challenges and Mitigation
      Dalam menjalankan kegiatan usahanya, KLTD kerap dipertemukan           In performing its business activities, KLTD is often faced with
      dengan sejumlah kendala dan untuk memitigasi potensi kerugian          several challenges and to mitigate the potential loss that
      yang dapat timbul sewaktu-waktu, KLTD telah merumuskan                 may occur at any time, KLTD formulated an accurate strategic
      langkah-langkah inisiatif strategis yang tepat, antara lain:           initiative steps, including the following:
      1.   Penambahan jumlah unit kamar dengan membangun                     1.   Additional room units by building 2 villa units each with
           2 unit vila masing-masing dengan kapasitas 2 kamar untuk               2-room capacity in order to reach economic scale in terms
           mengejar economic of scale dalam hal jumlah kamar;                     of the total number of rooms;
      2.   Melakukan peremajaan tempat-tempat wisata, seperti                2.   Conducted rejuvenation of tourist spots, such as the Bagus
           Pantai Bagus menjadi Bagus Beach Walk;                                 Beach to become the Bagus Beach Walk;


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Analisis dan Pembahasan Manajemen             Laporan Tata Kelola Perusahaan      Tanggung Jawab Sosial Perusahaan Terintegrasi/Laporan Keberlanjutan
Management Discussion and Analysis             Corporate Governance Report            Integrated Corporate Social Responsibility/Sustainability Report




3.   Menggandeng investor untuk pembangunan Starlight Cabin              3.    Collaborated with investors to develop the Starlight Cabin
     (18 unit) di area Pantai Mbeach;                                          (18 units) in the Mbeach Beach;
4.   Pelaksanaan kegiatan CSR sebagai bentuk distribusi dampak           4.    CSR activities as a form of positive impact distribution to
     positif terhadap masyarakat dengan memberi kesempatan                     the community by providing business opportunities to the
     bagi UMKM berusaha; dan                                                   Micro Small Medium Scale Enterprises (UMKM); and
5.   Mengutamakan perekrutan karyawan dari warga sekitar.                5.    Prioritized the recruitment of employees from local residents.


Kinerja Tahun 2023                                                       Performance in 2023
Secara umum kinerja seluruh properti di bawah kelolaan KLTD              In general, the performance of all properties managed by KLTD
dapat dilihat pada tabel di bawah ini:                                   is presented in the table below:

                                                                                                                     Kinerja
        Properti                           Informasi                               Lokasi                            Result
        Property                          Information                             Location
                                                                                                           2023                  2022
 Grand Elty Krakatoa       Hotel yang memiliki 46 kamar dan 36 vila       Kalianda, Lampung          Tingkat Okupansi:     Tingkat Okupansi:
                           berlokasi di kawasan Kalianda Nirwana          Selatan                    55%                   52%
                           Resort                                         Kalianda, South            Occupancy Rate:       Occupancy Rate:
                           A 46-room and 36-villa hotel located within    Lampung                    55%                   52%
                           the Kalianda Nirwana Resort area
 Park & Recreation         Pantai yang terletak di dalam kawasan          Kalianda, Lampung          Total Pengunjung:     Total Pengunjung:
                           Kalianda Nirwana Resort dengan berbagai        Selatan                    36.714                15.805
                           fasilitas pendukung yang lengkap untuk         Kalianda, South            Total Visitors:       Total Visitors:
                           berekreasi                                     Lampung                    36,714                15,805
                           The beach situated within the Kalianda
                           Nirwana Resort area complete with
                           supporting facilities for recreation


Penghargaan Tahun 2023                                                   Awards in 2023
                Properti                                  Penghargaan                               Pihak Pemberi Penghargaan
                Property                                    Awards                                 Award-Presentation Organization
 Grand Elty Krakatoa Hotel and Resort      Pembayaran Pajak Daerah tahun 2023                Pemerintah Kabupaten Lampung Selatan
                                           Local Tax 2023                                    South Lampung Regency Government




                                                                                                            2023 Annual Report Bakrieland            111
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            Kilas Kinerja                    Profil Perusahaan                    Laporan Manajemen                  Unit Pendukung Bisnis
       Performance Highlights                 Corporate Profile                   Management Report                   Business Support Unit




      PT BAKRIE NIRWANA REALTY                                          PT BAKRIE NIRWANA REALTY

      Sejak tahun 2014, unit usaha PT Bakrie Nirwana Realty (“BNR”)     Since the year 2014, PT Bakrie Nirwana Realty (“BNR”) business
      menjalankan kegiatan usaha di bidang pembangunan dan              unit has carried out business activities in residential property
      pengelolaan properti residensial. Sebagai pengembang, BNR         development and construction. As a developer, BNR plans
      merencanakan pengembangan yang simultan antara proyek             for simultaneous development between large-scale projects
      skala besar (township) dan proyek perumahan skala menengah.       (townships) and medium-scale housing projects.


      Secara umum kinerja penjualan properti untuk kelompok             In general, the sales performance of BNR’s properties for the
      menengah ke bawah di tahun 2023 belum secara optimal              lower middle segment in the year 2023 did not show signs of
      menunjukkan tanda-tanda perbaikan. Hal ini terjadi karena         improvement. This occurred as most of the funding methods
      sebagian besar metode pendanaan yang digunakan konsumen           used by consumers in this segment relied on mortgages.
      untuk segmen ini mayoritas mengandalkan KPR. Sayangnya,           Unfortunately, the impact of the BI rate increase since 2022
      dampak kenaikan BI rate yang telah berlangsung sejak tahun        until 2023 has affected the public’s purchasing power in the
      2022 sampai 2023 telah mempengaruhi daya beli masyarakat          lower middle segment.
      segmen menengah ke bawah.


      Fokus Strategi Tahun 2023                                         Strategy Focus in 2023
      Fokus utama pengelolaan bisnis BNR di tahun ini adalah            The main focus of BNR’s business management during the
      pengaturan perimbangan keuangan dan operasional Perusahaan        year was to arrange the Company’s financial and operational
      untuk mengimbangi progres proyek dan jumlah penjualan.            steadiness to balance project progress and total sales. For
      Untuk itu, BNR telah mengeksekusi sejumlah strategi dan           this, BNR executed a number of strategies and strategic
      inisiatif strategis yang diyakini efektif meningkatkan kinerja    initiatives believed to be effective in improving the Company’s
      Perusahaan, antara lain:                                          performance, including the following:
      1.   Pengembangan Produk                                          1.   Product Development
           Mengembangkan layout produk yang dimiliki.                        Developed the layout of existing products.
      2.   Operasional                                                  2.   Operation
           Konsisten menerapkan strategi efisiensi biaya pada seluruh        Consistently implemented cost efficiency strategy in all
           aspek operasional maupun bisnis.                                  operational and business aspects.
      3.   Pemasaran                                                    3.   Marketing
           a.   BNR berfokus untuk mencapai target pembangunan dan           a.     BNR focused on efforts to achieve development and
                penjualan Bumi Tirta Pakuan Bogor dengan menerapkan                 sales of Bumi Tirta Pakuan Bogor by implementing
                metode pendekatan yang tepat;                                       accurate approach method;
           b.   Melakukan peremajaan tim penjualan sebagai salah             b.     Conducted rejuvenation of the sales team as one of
                satu strategi untuk dapat mengejar target penjualan;                the strategies to catch up with sales targets;
           c.   Melakukan grand launching yang dikemas secara menarik        c.     Conducted a grand launch that is packaged attractively in
                pada program marketing untuk memikat pelanggan; dan                 the marketing program in order to attract consumers; and
           d.   Bekerja sama dengan agen penjualan properti Bogor            d.     Collaborated with Bogor’s property sales agents to
                untuk membuka peluang penjualan.                                    open up sales opportunities.
      4.   Strategi Harga                                               4.   Price Strategy
           Memberikan subsidi DP 5% kepada pembeli.                          Provided a down-payment subsidy of 5% to buyers.


      Tantangan dan Mitigasi                                            Challenges and Mitigations
      Tantangan terbesar yang dihadapi BNR dalam menjalankan            The biggest challenge faced by BNR in conducting its business
      bisnisnya sepanjang 2023 adalah menjembatani antara               throughout the year 2023 bridging the gap between post-
      pemulihan ekonomi pascapandemi dan pemenuhan atas                 pandemic economic recovery and meeting predetermined
      target penjualan yang telah ditetapkan. BNR sendiri baru          sales targets. BNR alone was able to freely implement sales
      bisa dengan leluasa melaksanakan strategi penjualan setelah       strategies only after the enforcement of Presidential Decree
      diberlakukannya Keputusan Presiden No.17 tahun 2023               No. 17 of year 2023 regarding the change in COVID-19 status
      mengenai perubahan status COVID-19 dari pandemi menjadi           from the pandemic to endemic, precisely on 21 June 2023.
      endemi, tepatnya di tanggal 21 Juni 2023.


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Analisis dan Pembahasan Manajemen            Laporan Tata Kelola Perusahaan     Tanggung Jawab Sosial Perusahaan Terintegrasi/Laporan Keberlanjutan
Management Discussion and Analysis            Corporate Governance Report           Integrated Corporate Social Responsibility/Sustainability Report




Sebagai upaya mitigasi atas tantangan yang dihadapi, BNR                As an effort to mitigate the challenges faced, BNR applied
menerapkan strategi dengan subsidi DP sebesar 5% dan biaya-             the strategy of providing a down-payment subsidy of 5% and
biaya terkait sertifikat ditanggung BNR dengan harapan bisa             certificate-related costs to be borne by BNR with the hope of
menjadi katalis untuk mempercepat penjualan dan posisi                  becoming a catalyst in accelerating sales and BNR’s position to
BNR menjadi lebih kompetitif dibandingkan dengan peers.                 be more competitive compared to its peers. Nonetheless, the
Namun pemulihan ekonomi pascapandemi tidak secepat yang                 economic recovery post-pandemic was not as fast as expected by
diperkirakan oleh BNR sehingga strategi penjualan belum dapat           BNR that sales strategy has yet to achieve desired expectations.
mencapai ekspektasi yang diinginkan.


Kinerja Tahun 2023                                                      Performance in 2023
Secara umum kinerja seluruh properti di bawah kelolaan BNR              In general, the performance of properties managed by BNR is
dapat dilihat pada tabel di bawah ini:                                  shown in the table below:

                                                                                                                   Kinerja
        Properti                          Informasi                             Lokasi                             Result
        Property                         Information                           Location
                                                                                                         2023                  2022
 Bumi Tirta Pakuan        Kawasan perumahan tahap I seluas 7,5 ha        Bogor, Jawa Barat        Take Up Rate:          Take Up Rate:
 Bogor Tahap I            (total 12,5 ha) dengan jumlah 423 unit         Bogor, West Java         72%                    70%
                          Residential area development phase-I of 7.5
                          ha (total plan of 12.5 ha) of land with
                          423 units




                                                                                                          2023 Annual Report Bakrieland           113
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            Kilas Kinerja                  Profil Perusahaan                    Laporan Manajemen                  Unit Pendukung Bisnis
       Performance Highlights               Corporate Profile                   Management Report                   Business Support Unit




                                                                                                    “
      “
      Tinjauan Keuangan
      Financial Review

                 Analisis kinerja keuangan berikut disusun dengan mengacu pada
                 Laporan Keuangan konsolidasian untuk tahun yang berakhir pada
                   tanggal 31 Desember 2023 dan 2022 yang telah diaudit oleh
                   KAP Y. Santosa & Rekan (a member of Praxity). Penyajian dan
               pengungkapan Laporan Keuangan konsolidasian Perseroan yang telah
                 diaudit telah disusun dan dipresentasikan sesuai dengan Standar
                                 Akuntansi Keuangan di Indonesia.

                 The financial performance analysis was prepared by referring to the
                        consolidated financial statements for the years ending
                       31 December 2023 and 2022 which have been audited by
                 KAP Y. Santosa & Rekan (a member of Praxity). The presentation and
                disclosure of the Company’s audited consolidated financial statements
                    have been written and presented in accordance with Indonesian
                                    Financial Accounting Standards.



      LAPORAN POSISI KEUANGAN                                             STATEMENT OF CONSOLIDATED FINANCIAL
      KONSOLIDASIAN                                                       POSITION
                                                                                                        dalam jutaan Rupiah | in million Rupiah

                                                                            Kenaikan
                                                                          (Penurunan)
                    Aspek                  2023                 2022                           %                       Aspect
                                                                            Increase
                                                                           (Decrease)
      Total Aset Lancar                  2.431.035         2.667.546        (236.511)         (9)                     Total Current Assets
      Total Aset Tidak Lancar            6.208.018         7.245.913      (1.037.895)        (14)                Total Non-Curent Assets
      Total Aset                         8.639.053         9.913.459      (1.274.406)        (13)                               Total Assets
      Total Liabilitas Jangka Pendek     2.002.507         2.116.886        (114.379)         (5)           Total Current-term Liabilities
      Total Liabilitas Jangka Panjang      505.301              554.726      (49.425)         (9)           Total Non-Current Liabilities
      Total Liabilitas                   2.507.808         2.671.612        (163.804)         (6)                           Total Liabilities
      Total Ekuitas                      6.131.245         7.241.847      (1.110.602)        (15)                               Total Equity



      Aset                                                                Asset
      Pada akhir 31 Desember 2023, Perseroan mencatat total aset          At the end of 31 December 2023, the Company recorded total
      sebesar Rp8.639 miliar, turun 13% dari periode yang sama            assets of Rp8,639 billion, down 13% from the same period in
      di tahun sebelumnya senilai Rp9.913 miliar. Penurunan ini           the previous year which was recorded at Rp9,913 billion. This
      terutama disebabkan karena penurunan nilai goodwill sebesar         decrease was mainly due to a decrease in goodwill value of
      Rp810 miliar.                                                       Rp810 billion.


      Goodwill yang dicatatkan Perseroan terutama merupakan hasil         The goodwill recorded by the Company was mainly the result
      dari akuisisi PT Mutiara Masyhur Sejahtera (“MMS”) pada tahun       of the acquisition of PT Mutiara Masyhur Sejahtera (“MMS”) in
      2014 sebesar Rp1.678 miliar. Pada tahun 2023, Manajemen             2014 in the amount of Rp1,678 billion. In 2023, the Company
      melakukan perubahan asumsi utamanya atas pengembangan               Management changed its main assumptions regarding the
      proyek MMS dengan hanya berfokus pada pengembangan                  development of the MMS project by only focusing on the
      kawasan rumah tapak dan rumah toko.                                 development of landed house and shophouse areas.




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Analisis dan Pembahasan Manajemen             Laporan Tata Kelola Perusahaan    Tanggung Jawab Sosial Perusahaan Terintegrasi/Laporan Keberlanjutan
Management Discussion and Analysis             Corporate Governance Report          Integrated Corporate Social Responsibility/Sustainability Report




Penurunan goodwill tersebut dikategorikan sebagai non-                  The decrease in goodwill is categorized as non-operational and
operasional dan non-kas oleh Perseroan sehingga tidak                   non-cash by the Company so that it did not affect the Company’s
berpengaruh terhadap kinerja usaha maupun posisi kas                    business performance or cash position.
Perseroan.


Aset Lancar                                                             Current Assets
Jumlah aset lancar Perseroan mengalami penurunan 9%, dari               The Company’s total current assets decreased by 9%, from
Rp2.668 miliar pada akhir Desember 2022 menjadi sebesar                 Rp2,668 billion at the end of December 2022 to Rp2,431 billion
Rp2.431 miliar di tahun ini. Penurunan tersebut terutama                this year. This decrease was mainly due to a decrease in inventory
disebabkan      oleh   penurunan     nilai   persediaan    sebesar      value of Rp194 billion.
Rp194 miliar.


Aset Tidak Lancar                                                       Non-Current Assets
Perseroan mencatatkan nilai aset tidak lancar sejumlah                  The Company recorded a non-current asset value of
Rp6.208 miliar, turun 14% dibandingkan tahun 2022 yang                  Rp6,208 billion, down 14% compared to 2022 Rp7,246 billion.
sebesar Rp7.246 miliar. Penurunan ini terutama disebabkan oleh          This decrease was mainly due to a decrease in the value of
penurunan nilai goodwill sebesar Rp810 miliar dan penyusutan            goodwill of Rp810 billion and the depreciation of fixed assets
aset tetap serta properti investasi selama tahun berjalan sebesar       and investment properties during the year in the amount of
Rp73 miliar.                                                            Rp73 billion.


Liabilitas                                                              Liabilities
Per 31 Desember 2023, jumlah liabilitas Perseroan dibukukan             As of 31 December 2023, the Company’s total liabilities were
sebesar Rp2.508 miliar, mengalami penurunan sekitar 6% dari             recorded at Rp2,508 billion, a decrease of around 6% from the
tahun sebelumnya yang senilai Rp2.672 miliar. Penurunan ini             previous year which was Rp2,672 billion. This decrease partly
diantaranya berasal dari penurunan utang bank dan utang                 came from a decrease in bank debt and other debt.
lain-lain.


Liabilitas Jangka Pendek                                                Short-Term Liabilities
Perseroan mencatat adanya penurunan atas liabilitas jangka              The Company recorded a decrease in short-term liabilities
pendek sebesar 5% dari posisi akhir Desember 2022 senilai               of 5% from the position at the end of December 2022
Rp2.117 miliar menjadi Rp2.003 miliar di tahun ini. Penurunan           which was stated at Rp2,117 billion to Rp2,003 billion this
ini terutama berasal dari pembayaran sebagian utang                     year. This decrease is mainly due to the payment of part of
PT Bank Mayapada Internasional Tbk milik MMS sebesar                    PT Bank Mayapada Internasional Tbk’s debt belonging to MMS
Rp76 miliar dan penurunan utang lain-lain milik Perseroan               in the amount of Rp76 billion and a decrease in the other debt
sebesar Rp57 miliar.                                                    of the Company in the amount of Rp57 billion.


Liabilitas Jangka Panjang                                               Long-Term Liabilities
Liabilitas jangka panjang juga mengalami penurunan sebesar              Long-term liabilities also decreased by 9% from the previous
9% dari tahun sebelumnya sejumlah Rp555 miliar menjadi                  year, from Rp555 billion to Rp505 billion this year. This decrease
Rp505 miliar di tahun ini. Penurunan ini terutama berasal dari          was due to a decrease in customer’s down payments for land,
penurunan uang muka pelanggan atas penjualan tanah, rumah,              house and apartment sales.
dan apartemen.


Ekuitas                                                                 Equity
Total ekuitas Perseroan di akhir Desember 2023 adalah sebesar           The Company’s total equity at the end of December 2023 was
Rp6.131 miliar, turun 15% dari tahun 2022 yang tercatat sebesar         Rp6,131 billion, down 15% from 2022 which was recorded at
Rp7.242 miliar. Penurunan ini terutama berasal dari rugi neto           Rp7,242 billion. This decrease mainly came from the net loss
tahun berjalan sehubungan dengan penurunan nilai goodwill.              of the current year due to the impairment of goodwill.




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            Kilas Kinerja                     Profil Perusahaan                    Laporan Manajemen                    Unit Pendukung Bisnis
       Performance Highlights                  Corporate Profile                   Management Report                     Business Support Unit




      LAPORAN LABA RUGI KONSOLIDASIAN                                        STATEMENT OF CONSOLIDATED PROFIT
      DAN PENGHASILAN KOMPREHENSIF LAIN                                      OR LOSS AND OTHER COMPREHENSIVE
                                                                             INCOMES
                                                                                                             dalam jutaan Rupiah | in million Rupiah

                                                                               Kenaikan
                                                                             (Penurunan)
                    Aspek                     2023                 2022                            %                        Aspect
                                                                               Increase
                                                                              (Decrease)
      Pendapatan Neto                       1.273.390         1.027.232          246.158           24                              Net Revenues
      Recurring                              997.537               844.157       153.380           18                                  Recurring
      Sewa dan pengelolaan                                                                                                      Rental and
                                             564.836               462.521       102.315           22                   management of office
      perkantoran
      Hotel, makanan dan minuman             308.389               258.292        50.097           19              Hotel, food and beverages
      Sewa ruangan, lapangan dan                                                                                 Rental of spaces, courts, and
                                               79.361               65.108        14.253           22
      iuran keanggotaan                                                                                                     membership fees
      Taman hiburan                            44.951               58.236      (13.285)         (23)                          Amusement park
      Non-Recurring                          275.853               183.075        92.778           51                           Non-Recurring
      Penjualan tanah, rumah,                                                                                        Sales of land, residential,
      apartemen dan unit                     275.853               183.075       92.778           51               apartment and office units
      perkantoran
      Beban Pokok Pendapatan                 836.539            681.982         154.557            23                         Cost of Revenues
      Laba Kotor                             436.851            345.250           91.601           27                                Gross Profit
      Beban Usaha                          (343.153)          (379.447)         (36.294)         (10)                      Operating Expenses
      Laba (Rugi) Usaha                       93.698           (34.197)         127.895          374           Income (Loss) from Operation
      Beban Bunga dan Keuangan                                                                                Interest Expenses and Financial
                                             (74.649)         (103.604)        (117.049)        (112)
                                                                                                                                    Charges
      Rugi Sebelum Pajak                                                                                               Loss Before Income Tax
                                         (1.117.240)          (785.009)         332.231           42
      Penghasilan
      Pajak Penghasilan                      (5.317)            (4.610)             707           15                                  Income Tax
      Rugi Neto                          (1.122.557)          (789.619)         332.938           42                                     Net Loss
      Penghasilan Komprehensif                                                                                 Other Comprehensive Income
                                              11.955          (115.343)         127.298          110
      Lain
      Rugi Komprehensif Neto             (1.110.602)          (904.962)         205.642           23                 Net Comprehensive Loss



      Pendapatan Neto                                                        Net Income
      Sepanjang tahun 2023, Perseroan mencatatkan pendapatan                 Throughout 2023, the Company recorded a net income of
      neto sebesar Rp1.273 miliar, mengalami peningkatan sekitar             Rp1,273 billion, an increase of approximately 24% from last
      24% dari tahun lalu sebesar Rp1.027 miliar. Dari jumlah tersebut,      year’s Rp1,027 billion. Of this amount, non-recurring income
      pendapatan non-recurring menyumbang pertumbuhan signifikan             grew significantly by 51% from Rp183 billion in 2022 to
      hingga 51% dari Rp183 miliar pada tahun 2022 menjadi                   Rp276 billion this year. Meanwhile recurring income grew 18%
      Rp276 miliar di tahun ini. Sementara pendapatan recurring              from Rp844 billion in 2022 to Rp998 billion.
      tumbuh 18% dari Rp844 miliar pada tahun 2022 menjadi
      Rp998 miliar.


      Secara umum, kenaikan pendapatan neto selama 2023                      In general, the increase in net income during 2023 comes from
      bersumber dari peningkatan penjualan rumah, tanah, dan                 increased sales of houses, land and apartments in the non-
      apartemen dari segmen pendapatan non-recurring. Selain                 recurring income segment. In addition, the increase in recurring
      itu, kenaikan pendapatan recurring didorong oleh sewa dan              income was driven by office rental and management, room and
      pengelolaan perkantoran serta sewa ruangan, lapangan dan               field rentals and membership fees.
      iuran keanggotaan.




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Analisis dan Pembahasan Manajemen         Laporan Tata Kelola Perusahaan      Tanggung Jawab Sosial Perusahaan Terintegrasi/Laporan Keberlanjutan
Management Discussion and Analysis         Corporate Governance Report            Integrated Corporate Social Responsibility/Sustainability Report




Beban Pokok Pendapatan                                              Cost of Revenue
Sejalan dengan peningkatan pendapatan neto, beban pokok             In line with the increase in net income, the Company’s cost of
pendapatan Perseroan turut meningkat sekitar 23% sehingga           revenue also increased by around 23% from Rp682 billion in
dibukukan menjadi sebesar Rp837 miliar dari Rp682 miliar            2022 to Rp837 billion. The largest contribution came from the
pada 2022. Kontribusi terbesar berasal dari segmen sewa dan         office rental and management segment which made up to 56%
pengelolaan perkantoran dengan porsi mencapai 56% dari total        of the total cost of revenue in 2023.
beban pokok pendapatan tahun 2023.


Laba Kotor                                                          Gross Profit
Perseroan mencatat perolehan laba kotor sebesar Rp437 miliar,       The Company recorded a gross profit of Rp437 billion, up 27%
naik 27% dari tahun lalu senilai Rp345 miliar di tahun 2023.        from last year’s value of Rp345 billion. This increase occurred
Kenaikan ini terjadi seiring dengan meningkatnya pendapatan         in line with increasing business income.
usaha.


Beban Usaha                                                         Operating Expenses
Beban usaha Perseroan mengalami penurunan sekitar 10% dari          The Company’s operating expenses decreased by roughly 10%
Rp379 miliar pada 2022 menjadi Rp343 miliar. Penurunan ini          from Rp379 billion in 2022 to Rp343 billion in 2023. This decrease
disebabkan oleh efisiensi beban usaha atas penurunan beban          was due to the efficiency of operating expenses that came from
gaji, upah, dan tunjangan sebesar Rp18 miliar.                      a decrease in salaries, wages and allowances by Rp18 billion.


Rugi Komprehensif Tahun Berjalan                                    Comprehensive Loss for the Year
Sepanjang tahun 2023, Perseroan mencatatkan peningkatan             Throughout 2023, the Company recorded an increase in
rugi komprehensif tahun berjalan sebesar 23%, yaitu dari            comprehensive loss for the year by 23% from Rp905 billion to
Rp905 miliar menjadi sebesar Rp1.111 miliar. Hal ini terutama       Rp1,111 billion. It was primarily due to goodwill impairment
karena kerugian penurunan nilai goodwill sebesar Rp810 miliar.      losses of Rp810 billion.


LAPORAN ARUS KAS KONSOLIDASIAN                                      CONSOLIDATED STATEMENT OF CASH
                                                                    FLOWS
                                                                                                        dalam jutaan Rupiah | in million Rupiah

                                                                       Kenaikan
                                                                     (Penurunan)
              Aspek                   2023             2022                                  %                         Aspect
                                                                       Increase
                                                                      (Decrease)
 Kas Neto yang Diperoleh dari                                                                                       Net Cash Provided by
                                      36.273           90.075          (53.802)            (60)
 Aktivitas Operasi                                                                                                   Operating Activities
 Kas Neto yang Diperoleh dari                                                                             Net Cash Provided by (Used in)
 (Digunakan untuk) Aktivitas          (4.832)         241.621         (246.453)           (102)                      Investing Activities
 Investasi
 Kas Neto yang Digunakan                                                                                      Net Cash Used in Financing
                                     (45.801)       (302.924)         (257.123)            (85)                                Activities
 untuk Aktivitas Pendanaan
 Kenaikan (Penurunan) Neto                                                                               Net Increase (Decrease) in Cash
                                     (14.360)          28.772          (43.132)           (150)
 Kas dan Setara Kas                                                                                                and Cash Equivalents
 Kas dan Setara Kas Awal Tahun                                                                              Cash and Cash Equivalent at
                                     148.136          119.302              28.834            24
                                                                                                                  Beginning of the Year
 Kas dan Setara Kas Akhir Tahun                                                                             Cash and Cash Equivalent at
                                     133.760          148.136          (14.376)            (10)
                                                                                                                        End of the Year




                                                                                                        2023 Annual Report Bakrieland             117
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            Kilas Kinerja                     Profil Perusahaan                 Laporan Manajemen                   Unit Pendukung Bisnis
       Performance Highlights                  Corporate Profile                Management Report                    Business Support Unit




      Kas Neto yang Diperoleh dari                                        Net Cash Obtained from Operating Activities
      Aktivitas Operasi
      Pada tahun 2023, kas bersih yang diperoleh Perseroan dari           In 2023, net cash obtained from operating activities was
      aktivitas operasi tercatat sebesar Rp36 miliar, mengalami           recorded at Rp36 billion, a decrease of up to 60% compared
      penurunan hingga 60% dibandingkan tahun lalu senilai                to last year’s amount of Rp90 billion. This decrease was due
      Rp90 miliar. Penurunan ini disebabkan oleh pembayaran kas           to cash payments to suppliers in the amount of Rp778 billion.
      kepada pemasok sebesar Rp778 miliar.


      Kas Neto yang Diperoleh dari                                        Net Cash Obtained from (Used for)
      (Digunakan untuk) Aktivitas Investasi                               Investment Activities
      Pada tahun 2023, jumlah kas yang digunakan Perseroan untuk          In 2023, the amount of cash used for investment activities by the
      aktivitas investasi dibukukan sebesar Rp5 miliar, sedangkan         Company was recorded at Rp5 billion, whereas in the previous
      di tahun sebelumnya Perseroan memperoleh kas bersih dari            year the Company obtained net cash from investment activities
      aktivitas investasi sebesar Rp242 miliar. Pada tahun 2023,          of Rp242 billion. In 2023, the decline in investment activity
      penurunan aktivitas investasi terutama karena harga perolehan       was mainly due to the acquisition price of fixed assets in the
      aset tetap sebesar Rp26 miliar.                                     amount of Rp26 billion.


      Kas Neto yang Digunakan untuk Aktivitas                             Net Cash Used for Financing Activities
      Pendanaan
      Sepanjang tahun 2023, jumlah kas bersih yang digunakan untuk        Throughout 2023, the amount of net cash used for financing
      aktivitas pendanaan dibukukan senilai Rp46 miliar, menurun          activities was stated at Rp46 billion, a decrease of 85% compared
      85% dibandingkan tahun sebelumnya sebesar Rp303 miliar.             to the previous year of Rp303 billion. This was mainly due to
      Hal ini terutama disebabkan oleh pembayaran utang PT Bank           the payment of PT Bank Mayapada Internasional Tbk’s debt
      Mayapada Internasional Tbk milik MMS sebesar Rp76 miliar.           belonging to MMS in the amount of Rp76 billion.


      Kemampuan Membayar Kewajiban                                        Ability to Pay Obligations
      Perseroan melakukan pengelolaan risiko likuiditas dengan            The Company manages liquidity risk by monitoring the list of
      memantau daftar profil jatuh tempo utang, menjaga saldo             debt maturity profiles, maintaining sufficient cash balances,
      kecukupan kas, dan menyiapkan sumber pendanaan untuk                and preparing funding sources for the payment of maturing
      pembayaran utang jatuh tempo. Kemampuan Perseroan dalam             debts. The Company’s ability to pay off its short-term and long-
      melunasi kewajiban jangka pendek dan jangka panjangnya              term obligations can be observed from several key financial
      dapat dilihat dari beberapa parameter rasio keuangan kunci          ratio parameters related to liquidity and solvency performance,
      terkait dengan performa likuiditas dan solvabilitas, termasuk       including the Company’s ability to pay debts.
      didalamnya aspek kemampuan dalam membayar utang
      Perseroan.


      Berikut ini adalah posisi rasio likuiditas dan rasio solvabilitas   The following is the position of the Company’s liquidity ratio
      Perseroan selama 2 (dua) tahun terakhir:                            and solvency ratio for the last 2 (two) years:


                      Rasio Keuangan                        2023                  2022                        Financial Ratios
       Likuiditas                                                                                                                  Liquidity
       Rasio Lancar                                          121%                 126%                                         Current Ratio
       Solvabilitas                                                                                                                Solvency
       Rasio Liabilitas terhadap Aset                         29%                  27%                       Total Liabilities to Assets Ratio
       Rasio Liabilitas terhadap Ekuitas                      41%                  37%                       Total Liabilities to Equity Ratio




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Analisis dan Pembahasan Manajemen          Laporan Tata Kelola Perusahaan    Tanggung Jawab Sosial Perusahaan Terintegrasi/Laporan Keberlanjutan
Management Discussion and Analysis          Corporate Governance Report          Integrated Corporate Social Responsibility/Sustainability Report




Posisi likuiditas Perseroan di akhir 2023 relatif berada pada        The Company’s liquidity position at the end of 2023 was
posisi yang sehat sebagaimana tercermin dari rasio lancar            relatively sound as reflected in the current ratio of 121% or
yang diperoleh sebesar 121% atau lebih dari 100%. Hal ini            more than 100%. This indicated that the Company’s total current
menandakan bahwa jumlah aset lancar Perseroan sepenuhnya             assets can fully cover short-term liabilities that will mature.
dapat menutup kewajiban atas liabilitas jangka pendek yang
akan jatuh tempo.


Sementara rasio solvabilitas Perseroan yang diukur berdasarkan       Meanwhile, the Company’s solvency ratio, which is measured
performa Debt to Equity Ratio (DER) dan Debt to Asset Ratio          based on the performance of the Debt to Equity Ratio (DER)
(DAR), menunjukkan kinerja yang beragam. Di akhir 2023, posisi       and Debt to Asset Ratio (DAR) shows mixed performance. At
rasio utang terhadap total aset tercatat sebesar 29%, meningkat      the end of 2023, the debt to total assets ratio was recorded at
dari 27% pada tahun 2022. Sementara itu, nilai rasio utang           29%, an increase from 27% in 2022. At the same time, the debt
terhadap ekuitas sebesar 41%, meningkat dari tahun sebelumnya        to equity ratio was 41%, an increase from 37% in the previous
sebesar 37%. Kinerja rasio solvabilitas ini menandai bahwa           year. The performance of this solvency ratio indicates that the
Perseroan tetap sepenuhnya solvent sepanjang tahun 2023.             Company remained fully solvent throughout 2023.


Tingkat Kolektabilitas Piutang                                       Level of Collectability of Receivables
Tingkat kolektabilitas piutang usaha Perseroan mengalami             The collectability level of the Company’s trade receivables has
perubahan menjadi 93 hari pada tahun 2023 dari 128 hari pada         changed to 93 days in 2023 from 128 days in 2022.
tahun 2022.


Struktur Permodalan                                                  Capital Structure

Kebijakan Struktur Modal                                             Capital Structure Policy
Perseroan mempertahankan struktur permodalan yang sehat              The Company maintains a sound capital structure to secure
untuk mengamankan akses terhadap pendanaan pada biaya                access to funding at reasonable costs. As is generally-accepted
yang wajar. Sebagaimana praktik yang berlaku umum, Perseroan         practice, the Company evaluates its capital structure with debt
mengevaluasi struktur permodalan melalui rasio utang terhadap        to capital ratio (gearing ratio) which is calculated by dividing net
modal (gearing ratio) yang dihitung melalui pembagian antara         debt and capital. Net debt is the total liabilities presented in the
utang neto dengan modal. Utang neto adalah jumlah liabilitas         consolidated statement of financial position minus the amount
sebagaimana disajikan di dalam laporan posisi keuangan               of cash and cash equivalents. Meanwhile, capital includes all
konsolidasian dikurangi dengan jumlah kas dan setara kas.            equity components in the consolidated statement of financial
Sedangkan modal meliputi seluruh komponen ekuitas dalam              position.
laporan posisi keuangan konsolidasian.


Rincian Struktur Modal                                               Capital Structure Details
Perseroan memonitor efektivitas permodalannya dengan                 The Company monitors the effectiveness of its capital by using
menggunakan rasio utang terhadap ekuitas. Per 31 Desember            the debt to equity ratio. As of 31 December 2023, the debt to
2023, posisi rasio utang terhadap ekuitas adalah 1 : 0,39,           equity ratio is 1 : 0.39, while in 2022 it will be 1 : 0.35.
sedangkan di tahun 2022 adalah 1 : 0,35.


Dasar Pemilihan Kebijakan Manajemen atas                             Basis of Management Policy to Determine
Struktur Modal                                                       Capital Structure Policy
Kebijakan mengenai struktur modal Perseroan telah diatur             The policy regarding the Company’s capital structure has been
dalam Anggaran Dasar dan struktur permodalannya disahkan             regulated in the Articles of Association and the capital structure
oleh pemegang saham melalui RUPS.                                    is approved by shareholders through the GMS.




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            Kilas Kinerja                        Profil Perusahaan                  Laporan Manajemen                   Unit Pendukung Bisnis
       Performance Highlights                     Corporate Profile                 Management Report                    Business Support Unit




      IKATAN MATERIAL UNTUK INVESTASI                                         MATERIAL COMMITMENT FOR
      BARANG MODAL                                                            INVESTMENT IN CAPITAL GOODS

      Pada tahun 2023, Perseroan tidak memiliki ikatan material untuk         In 2023, the Company had no material commitments for
      investasi barang modal.                                                 investment in capital goods.


      INVESTASI BARANG MODAL YANG                                             CAPITAL GOODS INVESTMENT REALIZED
      DIREALISASIKAN PADA TAHUN BUKU                                          IN THE LAST FISCAL YEAR
      TERAKHIR

      Pada tahun 2023, Perseroan melakukan belanja barang modal               In 2023, the Company spent on capital goods in the form of fixed
      berupa aset tetap baik yang bernilai material maupun non-               assets of both material and non-material value using funding
      material dengan menggunakan sumber pendanaan dari kas                   sources from internal cash in Rupiah currency unit. The following
      internal yang menggunakan denominasi satuan mata uang                   is a list of capital goods investments that have been realized
      Rupiah. Berikut ini adalah daftar investasi barang modal yang           by the Company for the 2023 financial year:
      telah direalisasikan Perseroan untuk tahun buku 2023, yaitu
      sebagai berikut:


                                                                                                                           Nilai Investasi
                          Jenis Investasi Barang Modal                                    Tujuan Investasi
                                                                                                                          Investment Value
                        Types of Capital Goods Investment                                Investment Goals
                                                                                                                        (juta Rp | million Rp)
       Pembelian Aset Tetap, antara lain berupa: tanah, kendaraan             Untuk menunjang kegiatan                         25.973
       bermotor, bangunan & prasarana, mesin & peralatan, perabotan &         operasional Perseroan
       perlengkapan kantor.                                                   To support the Company’s
       Purchase of Fixed Assets, including: land, motor vehicles, buildings   operational activities
       and infrastructure, machinery and equipment, furniture, and office
       supplies.


      INFORMASI DAN FAKTA MATERIAL YANG                                       MATERIAL INFORMATION AND FACTS
      TERJADI SETELAH TANGGAL LAPORAN                                         SUBSEQUENT TO THE ACCOUNTANT’S
      AKUNTAN                                                                 REPORT DATE

      Informasi mengenai fakta material yang terjadi setelah tanggal          Information regarding material facts subsequent to the
      laporan akuntan telah diungkapkan di dalam Laporan Keuangan             date of the accountant’s report has been disclosed in the
      Tahunan Perseroan untuk tahun buku yang berakhir pada                   Company’s Annual Financial Report for the financial year ending
      31 Desember 2023, Catatan Atas Laporan Keuangan (CALK)                  31 December 2023, Notes to Financial Reports (CALK) No. 48,
      No. 48, dengan rincian sebagai berikut:                                 with the following details:


      1.   Utang Bank dan Pinjaman selain Bank                                1.   Bank Loans and Non-Bank Loans
           a.   Pada tanggal 4 Januari 2024, PT Bakrie Swasakti Utama              a.   On 4 January 2024, PT Bakrie Swasakti Utama
                (BSU), Entitas Anak, telah melunasi pinjaman pada                       (BSU), a Subsidiary, has settled a bank loan from
                PT Bank KB Bukopin Tbk (KB Bukopin) atas fasilitas                      PT Bank KB Bukopin Tbk (KB Bukopin) of an investment
                pinjaman kredit investasi dengan jumlah pagu maksimum                   credit facility with a maximum amount of Rp45 billion;
                sebesar Rp45 miliar;
           b.   Pada tanggal 27 Februari 2024, BSU, Entitas Anak,                  b.   On 27 February 2024, BSU, a Subsidiary, obtained an
                memperoleh persetujuan perpanjangan jangka waktu                        agreement to extend the term of the credit loan facility
                fasilitas pinjaman kredit dengan KB Bukopin, sampai                     with KB Bukopin until 27 March 2025. The loan facility
                dengan tanggal 27 Maret 2025. Fasilitas pinjaman                        bears an interest rate of 1.5% per annum above the
                tersebut dikenai tingkat suku bunga 1,5% per tahun di                   guaranteed deposit interest rate and a provision fee
                atas suku bunga deposito yang dijaminkan dan biaya                      of 0.125% of the ceiling prepaid all at once;
                provisi sebesar 0,125% dari plafon dibayar dimuka
                sekaligus;




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Analisis dan Pembahasan Manajemen           Laporan Tata Kelola Perusahaan        Tanggung Jawab Sosial Perusahaan Terintegrasi/Laporan Keberlanjutan
Management Discussion and Analysis           Corporate Governance Report              Integrated Corporate Social Responsibility/Sustainability Report




     c.   Pada tanggal 22 Februari 2024, BSU, Entitas Anak,                  c.    On 22 February 2024, BSU, a Subsidiary, received
          memperoleh persetujuan perpanjangan jangka waktu                         an approval of the application extension of the loan
          fasilitas pinjaman kredit dengan PT Bank Rakyat                          facility from PT Bank Rakyat Indonesia (Persero) Tbk,
          Indonesia (Persero) Tbk, sampai dengan tanggal                           to be up to 24 March 2025. This loan facility bears an
          24 Maret 2025. Fasilitas pinjaman tersebut dikenai                       interest rate of 3.31% per annum, which may change
          tingkat suku bunga 3,31% per tahun yang dapat berubah                    as required by the bank;
          sesuai   ketentuan bank;
     d.   Pada tanggal 25 Maret 2024, PT Provices Indonesia,                 d.    On 25 March 2024, PT Provices Indonesia, a Subsidiary,
          Entitas Anak, telah melunasi pinjamannya pada                            settled a loan from PT Alami Fintek Sharia.
          PT Alami Fintek Sharia.


2.   Perjanjian Penting                                               2.     Significant Agreement
     Pada tanggal 11 Maret 2024, PT Mutiara Mahsyur Sejahtera                On 11 March 2024, PT Mutiara Mahsyur Sejahtera (MMS),
     (MMS), Entitas Anak, dan PT Graha Istana Nirwana (GIN)                  a Subsidiary, and PT Graha Istana Nirwana (GIN) signed an
     menandatangani perjanjian pengakhiran kerjasama KSO                     agreement to terminate the KSO MMS-GIN cooperation with
     MMS-GIN dengan mekanisme penyelesaian bahwa akan                        a settlement mechanism that will be returned in connection
     dilakukan pengembalian sehubungan dengan partisipasi                    with KSO participation in MMS amounting to Rp5.55 billion
     KSO kepada MMS sebesar Rp5,55 miliar sesuai dengan nilai                in accordance with the fair value based on an independent
     wajar berdasarkan laporan penilai independen. Sampai                    appraisal report. Until the payment has not been made,
     dengan belum dilakukan pembayaran maka, MMS akan                        MMS will record it as a receivable to GIN.
     mencatat sebagai piutang kepada GIN.


     Sebagai dampak penyelesaian KSO tersebut, MMS mengakui                  As a result of the KSO settlement, MMS recognized a loss of
     kerugian atas selisih dari nilai tercatat dibandingkan dengan           the differences arising from net assets compered with the
     nilai penyelesaian sebagai “Kerugian penyelesaian ventura               termination value “Loss on termination of joint venture”.
     bersama”.


PROSPEK USAHA                                                         BUSINESS PROSPECT

Pandemi sudah berlalu tapi dampak warisan-nya masih akan              The pandemic has passed but its scarring impact would still
membebani proses pemulihan ekonomi global hingga beberapa             weigh on the global economic recovery process for the next few
tahun mendatang, salah satunya yang masih terasa hingga               years, one of which still occurred until the end of 2023 was the
akhir 2023 adalah laju inflasi yang melambung tinggi dialami          soaring inflation rate suffered by most countries in the world
oleh sebagian besar negara di dunia meskipun tren gradual             despite the gradual trend of disinflation or declining inflation
disinflation atau inflasi yang turun secara lambat akan mulai         which would slowly begin to occur in 2024. In the midst of
terjadi di 2024. Di tengah kondisi inflasi yang diprediksi tetap      inflation conditions which are predicted to remain persistently
persisten tinggi pada tahun mendatang, The Fed AS memberikan          high in the coming year, the US Fed has given a signal to continue
sinyal untuk meneruskan sikap hawkish terhadap kebijakan              its hawkish attitude towards its benchmark interest rate policy
suku bunga acuannya sehingga tren penguatan dolar AS                  so that the trend of strengthening the US dollar is expected to
diperkirakan masih akan berlanjut dimana dampaknya kurang             continue, with the impact being less favorable for developing
menguntungkan bagi negara-negara berkembang.                          countries.


Sejalan dengan proyeksi perekonomian global yang dinilai masih        In line with global economic projections which remain uncertain
tidak menentu dengan kondisi pertumbuhan yang melambat,               with slowing growth conditions, the outlook for the global
tren prospek sektor properti global untuk tahun 2024 juga             property sector in 2024 is also predicted to continue to slow
diperkirakan masih akan menunjukkan pelemahan karena                  down because it is adversely affected by the economic slowdown
dipengaruhi oleh perlambatan ekonomi di Amerika Serikat               in the United States (US), Europe and China.
(AS), Eropa dan Tiongkok.




                                                                                                            2023 Annual Report Bakrieland           121
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            Kilas Kinerja                     Profil Perusahaan                 Laporan Manajemen                    Unit Pendukung Bisnis
       Performance Highlights                  Corporate Profile                Management Report                     Business Support Unit




      Di tengah hantaman global shocks yang datang menghampiri,           In the midst of the global shocks that are coming our way,
      prospek ekonomi Indonesia untuk tahun 2024 diproyeksikan            Indonesia’s economic prospects for 2024 are projected to
      tetap tumbuh positif di kisaran 5% dengan tingkat inflasi           continue to grow positively in the range of 5% with a moderate
      moderat dalam rentang kisaran 2%-4%. Seiring dengan                 inflation rate in the range of 2%-4%. In line with more certainty
      diperolehnya kepastian dari berakhirnya masa Pemilihan              coming towards the end of the Indonesian Presidential Election
      Umum Presiden Indonesia dan tren BI rate yang diperkirakan          and the BI rate trend which is expected to remain stable during
      tetap stabil selama paruh pertama tahun 2024, Real Estate           in the first half of 2024, Real Estate Indonesia (REI) is optimistic
      Indonesia (REI) optimis sektor properti Indonesia berpotensi        that the Indonesian property sector has great potential to
      besar untuk berkembang dan tumbuh di kisaran 7%-10% (yoy)           develop and grow in the range of 7%-10% (yoy) in 2024. In
      di tahun 2024. Selain mengandalkan momentum pemulihan               addition to rely on the momentum of strong national economic
      ekonomi nasional yang solid, dukungan Pemerintah melalui            recovery, Government support through the implementation of
      implementasi kebijakan insentif Pajak Pertambahan Nilai (PPN)       the Government Borne Value Added Tax (VAT) (DTP) incentive
      Ditanggung Pemerintah (DTP) dan kepastian untuk periode             policy and the certainty for the 2024 period through the Ministry
      tahun 2024 melalui PMK yang sudah ditandatangani per tanggal        Regulation which was signed as of 13 February 2024, is also
      13 Februari 2024, juga diyakini akan menjadi katalis positif yang   perceived to be a positive catalyst that can make the property
      dapat membuat pasar properti semakin bergairah.                     market even more enthusiastic.


      Dengan menilik berbagai dinamika eksternal yang berkembang          Looking at various external dynamics that are developing and
      dan berpengaruh signifikan terhadap pasar properti, Perseroan       may significantly influence the property market, the Company
      optimis peluang bisnis kedepan masih sangat besar dan               is optimistic that future business opportunities will be very
      menjanjikan. Dalam rangka menjaga kelangsungan usaha di             large and promising. In order to maintain business continuity
      masa depan, Perseroan akan selalu berusaha memanfaatkan             in the future, the Company will always try to take advantage
      momentum pemulihan ekonomi nasional dan mengambil peran             of the momentum of the national economic recovery and
      strategis untuk mendukung peningkatan kinerja pasar properti        take a strategic role in supporting improved property market
      di Indonesia terutama dalam menjawab tantangan segmen               performance in Indonesia, especially in responding to the
      perumahan yang masih mencatatkan backlog tinggi hingga              challenges of the housing segment which still recorded a high
      lebih dari 12 juta sampai akhir 2023.                               backlog of more than 12 million until the end of 2023.


      Pada tahun 2024, Perseroan masih akan berfokus pada                 In 2024, the Company will still focus on developing new recurring
      pengembangan baru proyek pendapatan berulang dan tidak              and non-recurring income projects by optimizing the use of
      berulang dengan mengoptimalkan pemanfaatan land bank yang           its extensive land banks, especially those located in Bogor
      luas terutama yang berlokasi di Bogor dan Sidoarjo. Dengan          and Sidoarjo. By relying on the performance and innovation
      mengandalkan kinerja dan inovasi produk properti yang               of property products generated by its business units and
      dihasilkan oleh unit-unit bisnis dan entitas anak yang dimiliki,    subsidiaries, the Company believes its property projects are
      Perseroan yakin proyek propertinya masih diminati.                  still in demand.


      PERBANDINGAN ANTARA TARGET 2023,                                    COMPARISON BETWEEN 2023 TARGET, 2023
      REALISASI 2023 DAN PROYEKSI 2024                                    REALIZATION AND 2024 PROJECTIONS

      Sepanjang tahun 2023, Perseroan mencatatkan pendapatan neto         Throughout 2023, the Company recorded a net income of
      sebesar Rp1,2 triliun, meningkat 24% dari tahun lalu sebesar        Rp1.2 trillion, an increase of 24% from last year’s Rp1.02 trillion.
      Rp1,02 triliun. Pendapatan ini mencapai 100% dari target awal       This amount of revenue reached 100% of the initial target. In
      yang ditetapkan. Dari sisi permodalan, struktur modal Perseroan     terms of capital, the Company’s capital structure at the end of
      di akhir Desember 2023 terdiri dari utang dan ekuitas dengan        December 2023 consists of debt and equity in a ratio of 1: 0.39.
      perbandingan1 : 0,39.




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Analisis dan Pembahasan Manajemen        Laporan Tata Kelola Perusahaan    Tanggung Jawab Sosial Perusahaan Terintegrasi/Laporan Keberlanjutan
Management Discussion and Analysis        Corporate Governance Report          Integrated Corporate Social Responsibility/Sustainability Report




Pencapaian kinerja finansial Perseroan di tahun 2023 digunakan     The Company’s financial performance achievements in 2023
sebagai pijakan bagi Perseroan dalam menyusun prospek              are used as a basis for developing more optimistic business
usaha dan target-target bisnis yang lebih optimis untuk tahun      prospects and business targets for 2024. For the coming year,
2024. Untuk tahun mendatang, Perseroan telah menargetkan           the Company has targeted revenue growth of 25% from its
pertumbuhan pendapatan sebesar 25% dari pencapaian tahun           2023 achievement.
2023.


Seluruh target dan proyeksi yang telah disusun Manajemen           All targets and projections that have been prepared by the
untuk tahun 2024 sudah mempertimbangkan faktor-faktor              Company’s Management for 2024 have taken into consideration
eksternal yang berkembang dan kapasitas internal yang              various developing external factors and the Company’s internal
dimiliki Perseroan. Beberapa sentimen eksternal yang menjadi       capacity. Several external sentiments that the Company focuses
fokus Perseroan, antara lain laju inflasi, daya beli konsumen      are the inflation rate, consumer purchasing power which is
yang diperkirakan akan terus menguat, suku bunga, serta            predicted to continue to strengthen, interest rates, and a strong
pertumbuhan ekonomi yang diprediksikan tetap kuat kedepan.         economic growth forecast in the near future. Meanwhile, from
Sedangkan dari sisi internal, Perseroan mempertimbangkan           the internal side, the Company considers internal strength, net
kekuatan internal, kecukupan kas bersih dan struktur modal,        cash adequacy and capital structure, as well as focusing on
serta memperhatikan dukungan penuh dari pemegang saham             obtaining full support from shareholders and other stakeholders.
dan pemangku kepentingan lainnya.


ASPEK PEMASARAN                                                    MARKETING ASPECT

Sepanjang tahun 2023, Perseroan telah menerapkan serangkaian       Throughout 2023, the Company has implemented a series
strategi bisnis yang bertujuan untuk meningkatkan daya saing       of business strategies aimed at increasing competitiveness
dan mempertahankan kelangsungan usaha pada jangka panjang          and maintaining business continuity in the long term amidst
di tengah tantangan inflasi tinggi dan kenaikan suku bunga BI      the challenges of high inflation and an increase in the
rate yang telah menyentuh level tertingginya sebesar 6,00%.         Central Bank’s (Bank of Indonesia/BI) benchmark interest rate
Menyadari bahwa dampak dari kenaikan BI rate berbanding            which has reached its highest level of 6.00%. Realizing that
lurus dengan kenaikan suku bunga pinjaman dari bank,               the impact of an increase in the BI rate is directly proportional
maka para pebisnis properti Tanah Air dihadapkan dengan            to an increase in loan rates from banks, Indonesian property
mahalnya biaya pengembangan properti yang pada gilirannya          businesses must deal with high property development costs
berdampak pada kenaikan harga rumah atau properti serta            which in turn have an impact on increasing house prices or other
potensi penurunan daya beli konsumen.                              properties and potentially reducing consumer purchasing power.


Dalam menghadapi kondisi pasar properti yang tidak menentu,        In facing uncertain property market conditions, the Company
Perseroan mengarahkan bisnisnya pada niche market strategy         continues to direct its business to a niche market strategy
dengan memperhatikan efisiensi biaya yang optimal agar kondisi     while still focusing to achieve optimal cost efficiency in order
cash flow tetap terjaga di level yang sehat sehingga Perseroan     to keep sound cash flow conditions so that the Company can
senantiasa dapat bersaing secara kompetitif. Selain itu, untuk     always strive competitively. Besides that, the Company has
mendorong kinerja hotel dan taman hiburan, Perseroan juga          also launched various promotional and branding strategies to
telah meluncurkan berbagai strategi promosi dan branding           increase the number of visitors to improve the performance
untuk meningkatkan jumlah pengunjung.                              of hotels and amusement parks.


Aspek pemasaran lain yang juga mendapatkan fokus penuh             Another marketing aspect that also receives full attention from
dari Manajemen karena menjadi salah satu faktor penentu            the Management is the level of satisfaction of residents and
keberlanjutan usaha Perseroan baik di masa kini maupun             visitors because it is one of the determining factors for the
di masa depan adalah tingkat kepuasan penghuni maupun              sustainability of the Company’s business both now and in the
pengunjung. Untuk memastikan tingkat kepuasan penghuni             future. To maintain the level of satisfaction of residents and
dan pengunjung tetap terjaga, Perseroan memastikan telah           visitors, the Company ensures that it has provided the facilities
menyediakan fasilitas yang diperlukan oleh para penghuni dan       needed by residents and visitors and also guarantees that
pengunjung serta menjamin aspek keamanan dan keselamatan           security and safety aspects are carried out well.
terlaksana dengan baik.


                                                                                                     2023 Annual Report Bakrieland           123
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            Kilas Kinerja                   Profil Perusahaan                 Laporan Manajemen                     Unit Pendukung Bisnis
       Performance Highlights                Corporate Profile                Management Report                      Business Support Unit




      Dengan menerapkan strategi pemasaran yang tepat, Perseroan        By implementing the right marketing strategy, the Company
      mampu membuktikan kemampuannya dalam beradaptasi                  is able to prove its ability to adapt to business needs. All of
      dengan kebutuhan usaha. Seluruh upaya ini diharapkan dapat        these efforts are expected to improve the Company’s positive
      meningkatkan citra positif Perseroan di mata masyarakat           image in the eyes of the public as one of the leading integrated
      sebagai salah satu Perseroan pengembang properti terintegrasi     property development companies in Indonesia.
      terkemuka di Indonesia.


      KEBIJAKAN DIVIDEN                                                 DIVIDEND POLICY

      Selama 2 (dua) tahun buku terakhir, Perseroan belum melakukan     During the last 2 (two) financial years, the Company has not
      pembagian dividen kepada para pemegang saham, dikarenakan         distributed dividends to shareholders, because the Company
      Perseroan masih membukukan rugi tahun berjalan.                   still posted a loss for the current year.


      REALISASI PENGGUNAAN DANA HASIL                                   UTILIZATION OF PROCEEDS FROM PUBLIC
      PENAWARAN UMUM                                                    OFFERING

      Seluruh dana hasil penawaran umum Perseroan telah digunakan       All proceeds from the Company’s public offering have been
      seluruhnya.                                                       fully used.


      INFORMASI MATERIAL MENGENAI                                       MATERIAL INFORMATION REGARDING
      INVESTASI, EKSPANSI, DIVESTASI,                                   INVESTMENTS, EXPANSIONS,
      PENGGABUNGAN/PELEBURAN USAHA,                                     DIVESTMENTS, BUSINESS MERGER/
      AKUISISI, RESTRUKTURISASI UTANG/                                  CONSOLIDATION, ACQUISITIONS, DEBT/
      MODAL, DAN TRANSAKSI AFILIASI                                     CAPITAL RESTRUCTURING, AND AFFILIATE
                                                                        TRANSACTIONS

      Pada tahun 2023, Perseroan tidak mencatatkan adanya informasi     In 2023, the Company did not record any material information
      material mengenai investasi, ekspansi, divestasi, penggabungan/   regarding investment, expansion, divestment, business merger/
      peleburan usaha, akuisisi, restrukturisasi utang/modal, dan       consolidation, acquisition, debt/capital restructuring, and
      transaksi afiliasi.                                               affiliate transactions.


      INFORMASI TRANSAKSI MATERIAL YANG                                 INFORMATION ON MATERIAL
      MENGANDUNG BENTURAN KEPENTINGAN                                   TRANSACTIONS CONTAINING CONFLICTS
      DAN/ATAU TRANSAKSI DENGAN PIHAK                                   OF INTEREST AND/OR TRANSACTIONS
      AFILIASI/PIHAK BERELASI                                           WITH AFFILIATED PARTIES/RELATED
                                                                        PARTIES

      Transaksi Material yang Mengandung                                Material Transactions Containing
      Benturan Kepentingan                                              Conflicts of Interest
      Selama tahun 2023, Perseroan tidak mencatatkan adanya             During 2023, the Company did not record any transactions
      transaksi yang mengandung benturan kepentingan.                   containing conflicts of interest.


      Peran Dewan Komisaris, dan Komite Audit, serta                    The Role of the Board of Commissioners, and
      Penjelasan Kewajaran, Mekanisme Review, dan                       the Audit Committee, Descriptions of Fairness,
      Pemenuhan Peraturan Transaksi dengan Pihak                        Review Mechanisms, and Fulfillment of
      Afiliasi                                                          Transaction Regulations with Affiliated Parties
      Perseroan memiliki mekanisme review untuk menganalisa dan         The Company has a review mechanism to analyze and review
      meninjau transaksi-transaksi keuangan dengan pihak-pihak          financial transactions with related parties by involving
      berelasi, yakni dengan melibatkan organ-organ pengawas seperti    supervisory organs such as the Audit Committee and the Board
      Komite Audit dan Dewan Komisaris serta juga dianalisa kembali     of Commissioners. Then there is also re-examination by Public
      oleh Akuntan Publik melalui proses audit eksternal.               Accountants through an external audit process.


124    Bakrieland Laporan Tahunan 2023
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Analisis dan Pembahasan Manajemen             Laporan Tata Kelola Perusahaan      Tanggung Jawab Sosial Perusahaan Terintegrasi/Laporan Keberlanjutan
Management Discussion and Analysis             Corporate Governance Report            Integrated Corporate Social Responsibility/Sustainability Report




Komite Audit dilibatkan untuk menelaah rencana transaksi                  The Audit Committee is involved in reviewing planned financial
keuangan dengan nominal tertentu yang akan dilakukan oleh                 transactions with a certain nominal amount to be carried out by
Perseroan dengan pihak-pihak berelasi. Keterlibatan Komite                the Company with related parties. The involvement of the Audit
Audit dimaksudkan untuk menjaga akuntabilitas transaksi                   Committee is intended to maintain accountability for financial
keuangan dan memastikan tidak ada benturan kepentingan yang               transactions and ensure that there are no conflicts of interest
berpotensi timbul dari terlaksananya rencana transaksi keuangan           that could potentially arise from the implementation of the
tersebut. Setelah melakukan peninjauan secara menyeluruh,                 planned financial transactions. After conducting a thorough
Komite Audit akan memberikan saran dan masukan kepada                     review, the Audit Committee will provide suggestions and input
Dewan Komisaris terkait rencana transaksi-transaksi yang akan             to the Board of Commissioners regarding planned transactions
dilakukan Perseroan.                                                      to be carried out by the Company.


Perseroan memastikan bahwa semua transaksi dengan                         The Company ensures that all transactions with related
pihak-pihak berelasi dilakukan dengan syarat dan kondisi                  parties are carried out with the same terms and conditions
yang sama dengan transaksi-transaksi dengan pihak ketiga,                 as transactions with third parties, unless stated otherwise
kecuali dinyatakan lain di dalam laporan keuangan. Selain                 in the financial statements. Apart from that, the transaction
itu, transaksi tersebut telah sesuai dengan Peraturan                     is in accordance with FSA Regulation no. 42/POJK.04/2020
OJK No. 42/POJK.04/2020 tentang “Transaksi Afiliasi dan                   concerning “Affiliated Transactions and Conflicts of Interest
Benturan Kepentingan Transaksi Tertentu,” pada saat transaksi-            in Certain Transactions,” when these transactions are carried
transaksi tersebut dilaksanakan serta diatur dalam PSAK 7                 out and regulated in PSAK 7 concerning “Disclosure of Related
tentang “Pengungkapan Pihak-Pihak yang Berelasi.”                         Parties.”


Informasi lebih rinci mengenai pihak-pihak berelasi dengan                More detailed information regarding parties related to the
Perseroan beserta sifat dari transaksi yang dilakukan oleh                Company and the nature of transactions carried out by the
Perseroan sampai dengan periode yang berakhir pada tanggal                Company up to the period ending 31 December 2023 can be
31 Desember 2023 dapat dilihat pada Catatan Atas Laporan                  found in Notes to Financial Statements (CALK) No. 38, in the
Keuangan (CALK) No. 38, di dalam laporan keuangan tahunan                 annual financial report which is an integral part of the 2023
yang menjadi satu kesatuan dengan Laporan Tahunan 2023.                   Annual Report.


Nama Pihak, Sifat Hubungan, dan                                           Name of Party, Nature of Relationship, and
Nilai Transaksi Pihak-Pihak Berelasi                                      Transaction Value of Related Parties
Informasi lengkap mengenai pengungkapan saldo transaksi                   Complete information regarding disclosure of transaction
dengan pihak-pihak berelasi sudah disampaikan di dalam                    balances with related parties has been presented in the Financial
Laporan Keuangan Catatan 38, yaitu sebagai berikut:                       Report Note 38 as follows:


                   Pihak Berelasi                           Hubungan                                  Sifat Hubungan
  No
                   Related Parties                         Relationship                             Nature of Transactions
   1     PT Bakrie Capital Indonesia           Pengendali dan Pemegang            Piutang usaha dan penghasilan sewa ruangan perkantoran
                                               saham                              Trade receivables and office space lease revenue
                                               Controlling and Shareholder
   2     PT Petromine Energy Trading           Pemegang saham                     Utang pihak berelasi dan pinjaman dana
                                               Shareholder                        Due to related party and loans
   3     PT Bumi Resources Tbk                 Afiliasi                           Piutang dan utang pinjaman dana (uang muka) untuk
                                               Affiliate                          modal kerja dan penghasilan sewa ruangan perkantoran
                                                                                  Borrowings and loans (advances) for working capital and
                                                                                  office space lease revenue
   4     PT Bakrie & Brothers Tbk              Afiliasi                           Piutang usaha dan penghasilan sewa ruangan perkantoran
                                               Affiliate                          Trade receivables and office space lease revenue
   5     PT Energi Mega Persada Tbk            Afiliasi                           Piutang usaha dan penghasilan sewa ruangan perkantoran
                                               Affiliate                          Trade receivables and office space lease revenue
   6     PT Darma Henwa Tbk                    Afiliasi                           Piutang usaha dan penghasilan sewa ruangan perkantoran
                                               Affiliate                          Trade receivables and office space lease revenue
   7     PT Bumi Resources Minerals Tbk        Afiliasi                           Piutang usaha dan penghasilan sewa ruangan perkantoran
                                               Affiliate                          Trade receivables and office space lease revenue
   8     PT Bakrie Sumatera Plantations Tbk    Afiliasi                           Piutang usaha dan penghasilan sewa ruangan perkantoran
                                               Affiliate                          Trade receivables and office space lease revenue


                                                                                                            2023 Annual Report Bakrieland           125
Page 128
           Kilas Kinerja                      Profil Perusahaan                Laporan Manajemen                   Unit Pendukung Bisnis
      Performance Highlights                   Corporate Profile               Management Report                    Business Support Unit




                        Pihak Berelasi                           Hubungan                            Sifat Hubungan
      No
                        Related Parties                         Relationship                       Nature of Transactions
       9      PT Arutmin Indonesia                  Afiliasi                     Piutang usaha dan penghasilan sewa ruangan perkantoran
                                                    Affiliate                    Trade receivables and office space lease revenue
       10     PT Bakrie Global Ventura              Afiliasi                     Piutang usaha dan penghasilan sewa ruangan perkantoran
                                                    Affiliate                    Trade receivables and office space lease revenue
       11     PT Bakrie Indo Infrastructure         Afiliasi                     Utang pihak berelasi dan pinjaman dana
                                                    Affiliate                    Due to related party and loans
       12     PT Fastmanajemen Properti             Afiliasi                     Piutang dan utang pinjaman dana (uang muka) untuk
                                                    Affiliate                    modal kerja dan penghasilan sewa ruangan perkantoran
                                                                                 Borrowings and loans (advances) for working capital and
                                                                                 office space lease revenue
       13     PT Bakrie Telecom Tbk                 Afiliasi                     Piutang usaha dan penghasilan sewa ruangan perkantoran
                                                    Affiliate                    Trade receivables and office space lease revenue
       14     Long Haul Holding Ltd.                Afiliasi                     Piutang usaha dan penghasilan sewa ruangan perkantoran
                                                    Affiliate                    Trade receivables and office space lease revenue
       15     PT Rasuna Sentra Medika               Afiliasi                     Piutang usaha dan penghasilan sewa ruangan perkantoran
                                                    Affiliate                    Trade receivables and office space lease revenue
       16     PT Graha Adika Niaga                  Afiliasi                     Piutang usaha dan penghasilan sewa ruangan perkantoran
                                                    Affiliate                    Trade receivables and office space lease revenue
       17     PT Lapindo Brantas                    Afiliasi                     Piutang usaha dan penghasilan sewa ruangan perkantoran
                                                    Affiliate                    Trade receivables and office space lease revenue
       18     PT Bakrie Kalila Investment           Afiliasi                     Piutang usaha dan penghasilan sewa ruangan perkantoran
                                                    Affiliate                    Trade receivables and office space lease revenue
       19     PT Petrocom Nuansa Nusantara          Afiliasi                     Piutang usaha dan penghasilan sewa ruangan perkantoran
                                                    Affiliate                    Trade receivables and office space lease revenue
       20     Minarak Labuan Co. Ltd.               Afiliasi                     Piutang dan utang pinjaman dana (uang muka) untuk
                                                    Affiliate                    modal kerja dan penghasilan sewa ruangan perkantoran
                                                                                 Borrowings and loans (advances) for working capital and
                                                                                 office space lease revenue
       21     PT Permata Sakti Mandiri              Afiliasi                     Piutang dan utang pinjaman dana (uang muka) untuk
                                                    Affiliate                    modal kerja dan penghasilan sewa ruangan perkantoran
                                                                                 Borrowings and loans (advances) for working capital and
                                                                                 office space lease revenue
       22     PT Pazkul Kahuripan Premiere          Afiliasi                     Piutang dan utang pinjaman dana (uang muka) untuk
                                                    Affiliate                    modal kerja dan penghasilan sewa ruangan perkantoran
                                                                                 Borrowings and loans (advances) for working capital and
                                                                                 office space lease revenue
       23     PT Minarak Brantas Gas                Afiliasi                     Piutang usaha dan penghasilan sewa ruangan perkantoran
                                                    Affiliate                    Trade receivables and office space lease revenue
       24     PT Sanggraha Pelita Development       Afiliasi                     Utang pihak berelasi dan pinjaman dana
                                                    Affiliate                    Due to related party and loans
       25     PT Minarak Artha Raya                 Afiliasi                     Pemberi pinjaman dana (uang muka) untuk modal kerja,
                                                    Affiliate                    piutang usaha dan penghasilan sewa ruangan perkantoran
                                                                                 dan penerimaan pengalihan saham
                                                                                 Borrowings (advances) for working capital, Trade
                                                                                 receivables and office space lease revenue and receipt of
                                                                                 share transfer




126   Bakrieland Laporan Tahunan 2023
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Analisis dan Pembahasan Manajemen          Laporan Tata Kelola Perusahaan      Tanggung Jawab Sosial Perusahaan Terintegrasi/Laporan Keberlanjutan
Management Discussion and Analysis          Corporate Governance Report            Integrated Corporate Social Responsibility/Sustainability Report




PERNYATAAN DIREKSI ATAS TRANSAKSI                                    DIRECTORS’ STATEMENT ON AFFILIATE
AFILIASI TAHUN 2023                                                  TRANSACTIONS IN 2023

Direksi berpendapat seluruh transaksi afiliasi yang dilakukan        The Board of Directors is of the opinion that all affiliated
Perseroan selama tahun 2023 sudah dilaksanakan pada nilai            transactions carried out by the Company during 2023 have
yang wajar (arm’s length) sesuai dengan syarat dan ketentuan         been conducted at a fair value (arm’s length) in accordance
yang sama apabila transaksi serupa dilakukan dengan pihak            with the same terms and conditions as if similar transactions
yang tidak terafiliasi serta telah sesuai dengan best practice       were carried out with unaffiliated parties and are in accordance
yang berlaku di Indonesia.                                           with the best practices applicable in Indonesia.


PERUBAHAN PERATURAN PERUNDANG-                                       CHANGES TO LEGISLATION IN 2023
UNDANGAN PADA TAHUN 2023

Perseroan berkomitmen untuk selalu mematuhi setiap                   The Company is committed to always complying with all
peraturan perundang-undangan yang berlaku. Perubahan                 applicable laws and regulations. Changes in statutory regulations
peraturan perundang-undangan yang terjadi di tahun 2023              that occurred in 2023 did not have a significant impact on
tidak memberikan dampak signifikan terhadap operasional              the Company’s business operations and will not impact the
kegiatan usaha Perseroan dan tidak berdampak terhadap                presentation of the Company’s financial statements.
penyajian laporan keuangan Perseroan.


PERUBAHAN KEBIJAKAN AKUNTANSI                                        CHANGE IN ACCOUNTING POLICY

Ikatan Akuntan Indonesia (IAI) telah menerbitkan amendemen           The Indonesian Institute of Accountants (IAI) has issued
standar akuntansi yang berlaku efektif untuk periode tahun buku      amendments to accounting standards which are not yet effective
yang dimulai pada tanggal 1 Januari 2024. Namun, penerapan           for annual periods beginning on 1 January 2024. However, earlier
dini diperkenankan.                                                  application is permitted.


Amendemen PSAK yang telah diterbitkan dan berlaku efektif            The amendments to PSAK issued and effective for annual
untuk periode tahun buku yang dimulai pada atau setelah              periods beginning on or after 1 January 2024 are as follows:
tanggal 1 Januari 2024 adalah sebagai berikut:
1.   Amendemen PSAK No. 1, “Penyajian Laporan Keuangan               1.     Amendment to PSAK No. 1, “Presentation of Financial
     terkait Liabilitas Jangka Panjang dengan Kovenan; dan                  Statements related to Non-Current Liabilities with Covenants;
                                                                            and
2.   Amendemen PSAK No. 73, “Sewa” tentang Liabilitas Sewa           2.     Amendment to PSAK No. 73, “Leases” related to Lease
     pada Transaksi Jual dan Sewa-balik.                                    Liability in a Sale and Leaseback.


Pernyataan baru PSAK yang telah diterbitkan dan berlaku efektif      The new PSAK and amendment to PSAK issued and effective
untuk periode tahun buku yang dimulai pada atau setelah              for annual periods beginning on or after 1 January 2025 are
tanggal 1 Januari 2025 adalah sebagai berikut:                       as follows:
1.   PSAK No. 74, “Kontrak Asuransi”; dan                            1.     PSAK No. 74, “Insurance Contracts”; and
2.   Amendemen PSAK No. 74, “Kontrak Asuransi” tentang               2.     Amendment to PSAK No. 74, “Insurance Contracts”
     Penerapan Awal PSAK No. 74 dan PSAK No. 71 - Informasi                 regarding the Initial Application of PSAK No. 74 and
     Komparatif.                                                            PSAK No. 71 - Comparative Information.


Perseroan sedang mempelajari dampak yang mungkin timbul              The Company is evaluating the potential impact on the
dari penerapan SAK tersebut terhadap laporan keuangan                consolidated financial statements as a result of the adoption
konsolidasian.                                                       of such SAK.




                                                                                                         2023 Annual Report Bakrieland           127
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           Kilas Kinerja                Profil Perusahaan    Laporan Manajemen   Unit Pendukung Bisnis
      Performance Highlights             Corporate Profile   Management Report    Business Support Unit




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Analisis dan Pembahasan Manajemen    Laporan Tata Kelola Perusahaan   Tanggung Jawab Sosial Perusahaan Terintegrasi/Laporan Keberlanjutan
Management Discussion and Analysis    Corporate Governance Report         Integrated Corporate Social Responsibility/Sustainability Report




                                     Tata Kelola
                                     Perusahaan
                                     Corporate Governance

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           Kilas Kinerja                Profil Perusahaan    Laporan Manajemen   Unit Pendukung Bisnis
      Performance Highlights             Corporate Profile   Management Report    Business Support Unit




      Laporan Tata Kelola Perusahaan
      Report on Corporate Governance




                                                                                 “
 “
                         Prinsip-prinsip Tata Kelola Perusahaan yang Baik
            (Good Corporate Governance/”GCG”) merupakan penerapan dari nilai-nilai
           perusahaan yang dijadikan sebagai landasan untuk mewujudkan bisnis yang
           beretika dan berkelanjutan serta didukung oleh pengelolaan risiko ekonomi,
                           sosial, dan lingkungan hidup secara optimal.

             Good Corporate Governance (“GCG”) principles are the implementation of
            company values that serve as the basis for actualizing ethical and sustainable
            business and are supported by optimal management of economic, social, and
                                       environmental risks.




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Analisis dan Pembahasan Manajemen           Laporan Tata Kelola Perusahaan    Tanggung Jawab Sosial Perusahaan Terintegrasi/Laporan Keberlanjutan
Management Discussion and Analysis           Corporate Governance Report          Integrated Corporate Social Responsibility/Sustainability Report




KOMITMEN BAKRIELAND                                                   BAKRIELAND’S COMMITMENT

Sebagai warga korporasi yang baik, Perseroan berkomitmen              As a good corporate citizen, the Company is committed
untuk mengelola semua bisnisnya dengan cara yang jujur, etis,         to managing all of its businesses with honesty, ethics, and
dan profesional. Untuk mewujudkan hal tersebut, Perseroan             professionalism. To materialize this commitment, the Company
mengintegrasikan prinsip-prinsip GCG secara konsisten dalam           consistently integrates the principles of GCG in all operational
semua aspek operasional dan di semua tingkatan organisasi.            aspects and at all levels of the organization. The Company
Perseroan meyakini penerapan GCG yang bermutu menjadi salah           believes that quality GCG implementation becomes one of
satu pilar penting dalam mendukung peningkatan kinerja yang           the important pillars in supporting sustainable performance
berkelanjutan pada jangka panjang melalui terciptanya proses          improvement in the long run through the creation of a better
pengambilan keputusan yang lebih baik, peningkatan efisiensi          decision-making process, an increase in operational efficiency, as
operasional, serta peningkatan pelayanan kepada pemangku              well as improvement of services to the Company’s stakeholders.
kepentingan Perseroan.


Berpegang pada komitmen yang mengakar pada keberlanjutan              Holding onto the deep-rooted commitment to business
bisnis, Perseroan berusaha untuk mengimplementasikan sistem           sustainability, the Company strives to implement working
kerja yang terkonsolidasi, terintegrasi, dan saling melengkapi        systems that are consolidated, integrated and complement each
untuk mencapai sebuah keseimbangan. Agar penerapan GCG                other in order to reach a balance. For GCG implementation to
senantiasa berjalan efektif, maka semua elemen di Perseroan           continuously run effectively, all elements in the Company to
hingga Entitas Anak Perusahaan dilibatkan secara partisipatif         Subsidiaries are actively involved, starting from the preparation
mulai dari tahap persiapan hingga internalisasi, implementasi dan     stage to internalization, implementation and evaluation of GCG,
evaluasi GCG, serta penerapannya menggunakan pendekatan               as well as its implementation by use of a top-down approach
top-down approach yang melibatkan Dewan Komisaris dan                 engaging the Board of Commissioners and the Board of
Direksi.                                                              Directors.


Komitmen dari Perseroan terhadap penerapan praktik GCG                The Company’s commitment to implementing GCG practices
dilakukan secara konsisten dan terus menerus. Hal ini menjadi         is exerted consistently and continuously. This is important
penting agar keseimbangan kepentingan pemegang saham                  that a balance between the interests of the shareholders and
dengan pemangku kepentingan lainnya dapat terjaga. Kualitas           other stakeholders can be well maintained. For quality GCG
penerapan GCG juga senantiasa dilakukan benchmark terhadap            implementation, benchmarking is also carried out on the set
standar yang ditetapkan regulator dan best practice umum di           regulatory standards and general best practices applicable in
dunia bisnis.                                                         the business world.


Sepanjang tahun 2023, pencapaian kinerja Perseroan juga               Throughout the year 2023, the Company’s performance
dipengaruhi komitmen untuk terus meningkatkan praktik                 achievement was also influenced by its commitment to
GCG di lingkungan bisnis Perseroan. Komitmen ini lahir dari           continually improve GCG practices within the Company’s business
kesadaran untuk memperkuat soft-structure dan infrastructure          environment. This commitment arises from the awareness of
GCG yang tercermin dalam implementasi peraturan teknis dan            the need to strengthen GCG soft-structure and infrastructure
pelaksanaan bisnis Perseroan.                                         that are reflected in the application of the Company’s technical
                                                                      regulations and business operations.


Penerapan GCG di lingkungan Perseroan diharapkan menjadi              GCG implementation within the Company is hoped to become
budaya kerja untuk setiap pihak di semua organ Perseroan.             a work culture for each individual in all organs of the Company.
Oleh karena itu, Perseroan berupaya maksimal untuk terus              For this reason, the Company strives to maximize all efforts to
mendorong pelaksanaan internalisasi dan sosialisasi pilar-pilar       continuously encourage the implementation of internalization
GCG dalam aktivitas bisnis Perseroan.                                 and socialization of GCG pillars in the Company’s business
                                                                      activities.




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            Kilas Kinerja                   Profil Perusahaan                 Laporan Manajemen                   Unit Pendukung Bisnis
       Performance Highlights                Corporate Profile                Management Report                    Business Support Unit




      Secara berkala, Perseroan mengevaluasi penerapan GCG dan          Periodically, the Company evaluates GCG implementation and
      menyempurnakan perangkat dan kebijakan GCG dan prosedur           improves GCG instruments and policies and standard operating
      operasi standar (SOP) untuk memastikan penerapan GCG              procedures (SOP) to ensure GCG implementation improves and
      berjalan semakin baik serta selalu berada dalam koridor yang      always in the right tract, namely in accordance with standard
      benar, yakni sesuai dengan standar ketentuan peraturan            provisions of the laws, regulations, and and best practices.
      perundang-undangan dan best practice.


      Meski secara keseluruhan penerapan GCG di Perseroan sudah         Although overall GCG implementation in the Company has
      berlangsung secara efektif, Perseroan tetap berkomitmen           been running effectively, the Company remains committed
      untuk mengambil langkah-langkah perbaikan yang diperlukan         to taking the steps of enhancement required to improve the
      untuk meningkatkan kualitas dan implementasi penerapan GCG.       quality and application of GCG implementation. As a concrete
      Sebagai langkah konkret untuk mewujudkan penerapan GCG            effort to actualize a better GCG implementation, the Company
      yang lebih baik, Perseroan telah menyusun GCG Roadmap yang        established the GCG Roadmap that functions as the media to
      berfungsi sebagai sarana untuk memantau kemajuan praktik          monitor the ongoing and future progress of GCG practices.
      GCG yang sedang berjalan dan yang akan datang.


      Perseroan meyakini bahwa dengan membangun fondasi tata            The Company believes that establishing a solid sustainable
      kelola keberlanjutan yang solid dan dengan memprioritaskan        governance foundation and prioritizing the management of
      pengelolaan aspek Environmental, social, and corporate            environmental, social, and corporate governance (ESG) aspects
      governance (ESG) di seluruh tingkat organisasi, maka akan         throughout the organizational levels will then allow the
      memungkinkan Perseroan untuk mengejar penciptaan nilai            Company to pursue the creation of meaningful values and help
      yang berarti dan membantu tercapainya kepentingan para            achieve the interests of stakeholders in a responsible manner.
      pemangku kepentingan secara bertanggung jawab.


      PENERAPAN TATA KELOLA YANG BAIK                                   IMPLEMENTATION OF GOOD CORPORATE
      UNTUK MENDUKUNG PENCAPAIAN                                        GOVERNANCE TO SUPPORT THE
      TUJUAN PEMBANGUNAN BERKELANJUTAN                                  ACHIEVEMENT OF SUSTAINABLE
      (TPB)                                                             DEVELOPMENT GOALS (SDGs)

      Dalam menghadapi persaingan bisnis properti yang kian             In facing the increasing competitiveness in the property business,
      kompetitif, Perseroan semakin memahami pentingnya penerapan       the Company increasingly understands the importance of GCG
      GCG sebagai kebutuhan mendasar yang tidak dapat tergantikan       implementation as a fundamental need that is non-replaceable
      dalam menjalankan kegiatan operasional sehari-hari. Untuk itu,    in carrying out daily operational activities. For this purpose,
      Perseroan senantiasa menempatkan GCG sebagai landasan bagi        the Company always places GCG as the foundation that forms
      terbentuknya sistem, struktur, dan budaya perusahaan yang         a positive corporate system, structure, and culture in support
      positif untuk mendukung tercapainya kinerja keberlanjutan         of efforts to achieve positive sustainable performance.
      yang positif.


      Menyadari bahwa penerapan GCG yang baik dan konsisten             Realizing that good and consistent implementation of GCG is
      merupakan salah satu kunci sukses untuk dapat terus tumbuh        one of the keys to success in continually growing and profiting
      dan menguntungkan pada jangka panjang, maka Perseroan             for the long term, so the Company sets corporate governance as
      menjadikan tata kelola perusahaan sebagai salah satu pilar        one of its Corporate Sustainability Pillars through the Adopting
      keberlanjutan (corporate sustainability) melalui Pilar Adopting   Best Practices & Compliance Pillar. This pillar becomes the
      Best Practices & Compliance. Pilar Inilah yang menjadi payung     umbrella for creating and manifesting good governance within
      dalam menciptakan dan mewujudkan tata kelola terbaik di           the Company.
      lingkungan Perseroan.


      Melalui Pilar Adopting Best Practices & Compliance, Perseroan     Through the Adopting Best Practices & Compliance Pillar, the
      berusaha menyelaraskan penerapan GCG dengan agenda                Company strives to align GCG implementation with the agenda
      yang dicanangkan pemerintah dalam mendukung tercapainya           planned by the government to support the achievement of
      Tujuan Pembangunan Berkelanjutan (SDGs). Dalam praktiknya,        Sustainable Development Goals (SDGs). In practical terms, the


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Analisis dan Pembahasan Manajemen          Laporan Tata Kelola Perusahaan      Tanggung Jawab Sosial Perusahaan Terintegrasi/Laporan Keberlanjutan
Management Discussion and Analysis          Corporate Governance Report            Integrated Corporate Social Responsibility/Sustainability Report




Perseroan juga terus berupaya mewujudkan kelembagaan                 Company also strives to manifest a firm institutionalization and
yang kuat dan memastikan setiap program, aktivitas maupun            ensure that each program, activity as well as policy carried out
kebijakan yang dijalankan Perseroan telah mematuhi peraturan,        by the Company comply with applicable regulations, provisions
aturan maupun hukum yang berlaku.                                    and laws.


Berbagai program atau inisiatif yang dilakukan Perseroan terkait     Various programs or initiatives conducted by the Company are
Tata Kelola Perseroan sesuai dengan aspek TPB adalah sebagai         related to Corporate Governance in line with the TPB aspects
berikut:                                                             as follows:


Pembangunan Hukum dan Tata Kelola                                    Development of Corporate Laws and
                                                                     Governance
                Pilar                                                         Inisiatif 2023
                Pillar                                                         2023 Initiatives
                                      • Meningkatkan peran Dewan Komisaris melalui Komite Audit dalam mengawasi upaya
                                        peningkatan mutu penerapan Good Corporate Governance, baik di tingkat Holding maupun
                                        Unit Usaha terutama dalam hal percepatan penyelesaian laporan keuangan.
                                      • Meningkatkan pemahaman dan implementasi dalam operasional bisnis yang berwawasan
                                        lingkungan, keselamatan, dan kesehatan kerja
 Adopting Best Practices &
                                      • Increasing the role of the Board of Commissioners through the Audit Committee in supervising
 Compliance
                                        efforts to improve the quality of Good Corporate Governance implementation, both at
                                        the Holding and Business Unit levels, especially in terms of accelerating the completion of
                                        financial reports.
                                      • Increase understanding and implementation of business operations that are environmentally
                                        friendly, occupational safety, and health-related.


LANDASAN HUKUM                                                       LEGAL BASIS

Penerapan GCG di lingkungan Perseroan mengacu pada sejumlah          The legal basis of the implementation of GCG practices within
kebijakan hukum dan ketentuan perundang-undangan yang                the Company refers to applicable laws and regulations as
berlaku, antara lain:                                                follows:
1.   UU Republik Indonesia No. 40 Tahun 2007 tentang Perseroan       1.     Law of the Republic of Indonesia No. 40 of Year 2007 on
     Terbatas                                                               Limited Liability Companies
2.   Pedoman Umum GCG Indonesia Tahun 2006                           2.     Indonesia’s GCG General Guidelines of Year 2006
3.   Peraturan OJK (POJK)                                            3.     Financial Services Authority Regulations (POJK)
4.   Anggaran Dasar Perseroan beserta perubahannya                   4.     The Company’s Articles of Association and its amendments


PRINSIP-PRINSIP PRAKTIK GCG                                          PRINCIPLES OF GCG PRACTICES

Prinsip-prinsip GCG mengalami pemutakhiran dari waktu                GCG principles have been updated from time to time in line
ke waktu sejalan dengan perkembangan dunia usaha. Agar               with developments in the business world. In order to stay
tetap sejalan dengan best practice yang berlaku di Indonesia,        on track with best practices applicable in Indonesia, then all
maka seluruh pedoman GCG Perseroan juga selalu ditinjau              of the Company’s GCG guidelines are also always reviewed
secara berkala dan diupdate sesuai dengan perkembangan               periodically and updated in accordance with the latest regulatory
regulasi terkini. Sehubungan dengan hal itu, pada tahun 2023,        developments. In this context, in 2023, the Company set the
Perseroan telah menjadikan Pedoman Umum Governansi                   2021 Indonesia Corporate Governance General Guidelines
Korporat Indonesia (PUGKI) 2021 sebagai acuan dalam proses           (PUGKI) as a reference in the development process of the
pengembangan Panduan Pelaksanaan GCG teraktual milik                 Company’s most actual GCG Implementation Guidelines. This
Perseroan. Hal ini bertujuan agar prinsip-prinsip governansi         is intended so that good corporate governance principles can
korporat yang baik dapat dipahami dan diterapkan dalam setiap        be comprehended and implemented in each of the Company’s
aktivitas operasional Perseroan dalam rangka mewujudkan tata         operational activity in the effort to manifest effective and
kelola yang efektif dan efisien.                                     efficient governance.




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            Kilas Kinerja                         Profil Perusahaan                    Laporan Manajemen                   Unit Pendukung Bisnis
       Performance Highlights                      Corporate Profile                   Management Report                    Business Support Unit




      Mengacu pada PUGKI 2021, berikut ini adalah 4 (empat) pilar               Referring to PUGKI 2021, following are 4 (four) governance
      governansi yang sudah diterapkan oleh seluruh anggota                     pillars that have already implemented by all members of the
      manajemen dan karyawan Perseroan di setiap tingkatan dan                  management and employees of the Company at each level of
      jenjang organisasi:                                                       the organization.


         Pilar-Pilar
         Governansi
          Korporat                                   Penjelasan                                  Implementasi di Lingkungan Perseroan
          Corporate                                  Explanation                                   Implementation within the Company
         Governance
            Pillars
          Perilaku              Dalam      melaksanakan        kegiatannya,   Perseroan    • Perseroan selalu mematuhi isi perjanjian dan
          Beretika              senantiasa mengedepankan kejujuran, memperlakukan            kontrak kerja sama dengan pihak ketiga sebagai
       Ethical Behavior         semua pihak dengan hormat, memenuhi komitmen,                bentuk perlindungan terhadap hak-hak pemangku
                                membangun serta menjaga nilai-nilai moral dan                kepentingan;
                                kepercayaan secara konsisten. Perseroan juga               • Perseroan memperlakukan semua pihak dengan
                                memperhatikan kepentingan pemegang saham                     hormat termasuk karyawan dengan penuh hormat
                                dan pemangku kepentingan lainnya berdasarkan                 serta menjaga nilai-nilai moral dan kepercayaan
                                asas kewajaran dan kesetaraan serta dikelola                 secara konsisten;
                                secara independen sehingga masing-masing organ             • Perseroan menjunjung tinggi prinsip integritas
                                perusahaan tidak saling mendominasi dan tidak dapat          yang dibuktikan melalui penandatanganan Pakta
                                diintervensi oleh pihak lain.                                Integritas; dan
                                In carrying out its activities, the Company always puts    • Perseroan memiliki Pedoman GCG, Panduan Dewan
                                forward honesty, treating all parties with respect,          (Board Manual), dan Pedoman Perilaku (Code of
                                fulfilling commitments, consistently building and            Conduct) yang wajib dipatuhi oleh seluruh karyawan
                                maintaining moral values and beliefs. The Company            termasuk jajaran Direksi dan Dewan Komisaris.
                                also pays attention to the interests of shareholders and   • The Company always complies with the content of
                                other stakeholders based on the principles of fairness       contracts and cooperation agreements with third-
                                and equality and is managed independently so that            parties as a form of protection of the rights of
                                each company organ does not dominate each other and          stakeholders;
                                cannot be interfered with by other parties.                • The Company treats all parties with respect including
                                                                                             employees with full respect as well as maintain
                                                                                             moral values and trust consistently;
                                                                                           • The Company upholds the principle of integrity as
                                                                                             proven by the signing of the Integrity Pact; and
                                                                                           • The Company retains the GCG Guidelines, the Board
                                                                                             Manual and the Code of Conduct that are required
                                                                                             to be adhered to by all employees incuding the
                                                                                             Board of Directors and the Board of Commissioners.
        Akuntabilitas           Perseroan      dapat        mempertanggungjawabkan         • Pengambilan segala bentuk keputusan Perseroan
        Accountability          kinerjanya secara transparan dan wajar. Maka dari itu,       senantiasa dilakukan secara objektif dan
                                Perseroan harus dikelola secara benar, terukur, dan          berdasarkan keputusan organ perseroan yang
                                sesuai dengan kepentingan korporat dengan tetap              relevan sejalan dengan pedoman ataupun kebijakan
                                memperhitungkan kepentingan pemegang saham                   yang berlaku;
                                dan pemangku kepentingan. Akuntabilitas merupakan          • Seluruh karyawan wajib menjalankan tugas dan
                                prasyarat yang diperlukan untuk mencapai kinerja             tanggung jawabnya sesuai peran dan fungsi masing-
                                yang berkelanjutan.                                          masing tanpa ada tekanan-tekanan dari pihak
                                The Company may be transparent and fairly accountable        manapun yang tidak sesuai dengan kepentingan
                                for its performance. Thus, the Company must be               perusahaan; dan
                                managed correctly, measurably, and in accordance with      • Dewan             Komisaris        dan         Direksi
                                corporate interests by taking into account the interests     mempertanggungjawabkan          kinerjanya     kepada
                                of shareholders and stakeholders. Accountability is          pemegang saham melalui Rapat Umum Pemegang
                                a necessary prerequisite for achieving sustainable           Saham (RUPS).
                                performance.                                               • All forms of decision made by the Company
                                                                                             are always carried out objectively and based on
                                                                                             the decision of the relevant company organ in
                                                                                             accordance with applicable guidelines or policies;
                                                                                           • All employees are obligated to carry out their duties
                                                                                             and responsibilities according to their respective
                                                                                             roles and functions under no pressure of any party
                                                                                             that is not in line with the company’s interests;
                                                                                           • The Board of Commissioners and the Board of
                                                                                             Directors are accountable for their performance to
                                                                                             the shareholders through the General Meeting of
                                                                                             Shareholders (GMS).



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Analisis dan Pembahasan Manajemen           Laporan Tata Kelola Perusahaan       Tanggung Jawab Sosial Perusahaan Terintegrasi/Laporan Keberlanjutan
Management Discussion and Analysis           Corporate Governance Report             Integrated Corporate Social Responsibility/Sustainability Report




    Pilar-Pilar
    Governansi
     Korporat                              Penjelasan                                     Implementasi di Lingkungan Perseroan
     Corporate                             Explanation                                      Implementation within the Company
    Governance
       Pillars
   Transparansi       Untuk menjaga objektivitas dalam menjalankan bisnis,         • Publikasi dan transparansi informasi umum
   Transparency       korporasi menyediakan informasi yang material                  mengenai Perseroan dapat diakses melalui situs
                      dan relevan dengan cara yang mudah diakses dan                 web: https://bakrieland.com/ ataupun melalui
                      dipahami oleh pemangku kepentingan. Perseroan                  sosial media resmi milik Perseroan;
                      mengambil inisiatif untuk mengungkapkan tidak                • Proses diskusi dan pengambilan keputusan Dewan
                      hanya masalah yang disyaratkan oleh peraturan                  Komisaris dan Direksi dilakukan secara transparan
                      perundang-undangan, tetapi juga hal yang penting               melalui rapat internal maupun rapat gabungan; dan
                      untuk pengambilan keputusan oleh pemegang saham,             • Perseroan memberikan laporan berkala sesuai
                      kreditur dan pemangku kepentingan lainnya.                     peraturan yang berlaku kepada regulator dan
                      To maintain objectivity in conducting business, the            pemegang saham. Informasi lebih lanjut bisa
                      Company provides material and relevant information             didapatkan dengan mengakses situs web Bursa
                      through means that are easy to access and understand           Efek Indonesia (BEI) dan memasukkan ticker code:
                      by stakeholders. The Company takes the initiative              “ELTY”.
                      to disclose not only problems as required by laws            • Publication and transparency of general information
                      and regulations, but also important matters for                on the Company may be accessed through the
                      decision-making by shareholders, creditors and other           website https;//bakrieland.com/ or the Company’s
                      stakeholders.                                                  official social media;
                                                                                   • Discussion and decision-making processes of the
                                                                                     Board of Commissioners and the Board of Directors
                                                                                     are carried out transparently through internal and
                                                                                     joint meetings; and
                                                                                   • The Company provides periodic reports in
                                                                                     accordance with applicable regulations to regulators
                                                                                     and shareholders. Further information may be
                                                                                     accessed through the website of the Indonesia Stock
                                                                                     Exchange by entering the ticker code "ELTY"
  Keberlanjutan       Perseroan mematuhi peraturan perundang-undangan              • Pengelolaan usaha Perseroan dilakukan secara
   Sustainability     serta    berkomitmen    melaksanakan     tanggung              profesional sesuai dengan ketentuan Anggaran
                      jawab terhadap masyarakat dan lingkungan agar                  Dasar dan peraturan perundang-undangan yang
                      berkontribusi pada pembangunan berkelanjutan                   berlaku;
                      melalui kerja sama dengan semua pemangku                     • Perseroan menjalankan program dan/atau kegiatan
                      kepentingan terkait untuk meningkatkan kehidupan               Corporate Social Responsibility (CSR) setiap tahun;
                      mereka dengan cara yang selaras dengan kepentingan           • Perseroan mengikuti perkembangan regulasi
                      bisnis dan agenda pembangunan berkelanjutan.                   yang relevan melalui laporan pemantauan review
                                                                                     regulasi yang dilakukan secara berkala. Perseroan
                      The Company complies with laws and regulations and             menyediakan berbagai jenis program edukasi bagi
                      is committed to carrying out its responsibilities to the       karyawan dalam bentuk pelatihan in-house.
                      community and environment so as to contribute to             • The Company’s business management is carried out
                      sustainable development through cooperation with all           professionally in accordance with the provision of
                      stakeholders related to efforts to improve life welfare        the Articles of Association and applicable laws and
                      by means that are in line with business interests and          regulations;
                      sustainable development agenda.                              • The Company carries out Corporate Social
                                                                                     Responsibility (CSR) programs and/or activities every
                                                                                     year;
                                                                                   • The Company keeps track on regulatory
                                                                                     developments that are relevant through the
                                                                                     regulation review monitoring report periodically
                                                                                     conducted.       The Company provides various
                                                                                     educational programs for employees in the form of
                                                                                     in-house training.




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            Kilas Kinerja                     Profil Perusahaan                 Laporan Manajemen                     Unit Pendukung Bisnis
       Performance Highlights                  Corporate Profile                Management Report                      Business Support Unit




      INFRASTRUKTUR PRAKTIK GCG                                           INFRASTRUCTURE OF GCG PRACTICES

      Keberhasilan masing-masing Organ dalam menjalankan tugas            The success of each Organ in carrying out its respective duties
      dan tanggung jawabnya dengan baik didukung oleh eksistensi          and responsibilities, both supported by the existence of a GCG
      soft-structure GCG (manual building) yang terus disempurnakan       soft-structure (manual building) that is continually progressing
      sesuai perkembangan regulasi dan best practices yang berlaku.       in accordance with regulation development and applicable best
      Berikut ini adalah soft-structure GCG yang dimiliki Perseroan:      practices. Following is the GCG soft-structure of the Company:
      1.   Peraturan perundangan yang berlaku                             1.   Applicable laws and regulations
      2.   Peraturan Perseroan                                            2.   Company Regulations
      3.   Visi dan Misi Perseroan                                        3.   Company Vision and Mission
      4.   Panduan Pelaksanaan Tata Kelola Perseroan                      4.   Guidelines to Corporate Governance Implementation
      5.   Roadmap GCG                                                    5.   GCG Roadmap
      6.   Pedoman Perilaku dan Kode Etik Perseroan                       6.   Guidelines to Company’s Code of Conduct and Code of Ethics
      7.   Pedoman Dewan                                                  7.   Board Manual
      8.   Sistem Pelaporan Pelanggaran                                   8.   Violation Reporting System
      9.   Standar Prosedur Operasional                                   9.   Standard Operating Procedures


      Pada tahun 2023, Perseroan telah melakukan penyempurnaan            In 2023, the Company refined and strengthened the GCG
      dan penguatan soft-structure GCG untuk kebijakan yang               soft-structure for policies related to authorization of financial
      berkaitan dengan otorisasi persetujuan transaksi keuangan,          transaction approvals, electronic information distribution, and
      distribusi informasi elektronik, dan transaksi yang melibatkan      transactions that involve conflict of interest, affiliation, material
      benturan kepentingan, afiliasi, transaksi material, dan kebijakan   transactions and other policies.
      lainnya.


      STRUKTUR GCG                                                        GCG STRUCTURE

      Berdasarkan Undang-Undang No. 40 Tahun 2007 tentang                 Based on Law No. 40 of Year 2007 regarding Limited Liability
      Perseroan Terbatas (UU PT), struktur GCG di Perseroan terdiri       Companies (UU PT – Limited Liability Company Law), GCG
      dari Rapat Umum Pemegang Saham, Dewan Komisaris dan                 structure in the Company consists of the General Meeting
      Direksi. Dalam menjalankan tugas pengurusan Perseroan terkait       of Shareholdlers, the Board of Commissioners and the Board
      implementasi GCG di lingkungan Perseroan, Direksi dibantu           of Directors. In performing Company management duties
      oleh satuan kerja yang membantu Direksi seperti Sekretaris          related to GCG implementation within the Company, the Board
      Perseroan dan Unit Internal Audit.                                  of Directors is assisted by such work units as the Corporate
                                                                          Secretary and the Internal Audit Unit.


      Sementara, pelaksanaan fungsi pengawasan Dewan Komisaris            Meanwhile, implementation of the supervisory function of the
      dibantu oleh komite-komite pendukung di bawahnya, yaitu             Board of Commissioners is assisted by supporting committees
      Komite Audit, serta Komite Nominasi dan Remunerasi.                 under the Board, namely the Audit Committee as well as the
                                                                          Nomination and Remuneration Committee.


      PENERAPAN ATAS PEDOMAN TATA                                         IMPLEMENTATION OF GOVERNANCE
      KELOLA PERSEROAN TERBUKA                                            GUIDELINES OF PUBLIC COMPANIES

      Perseroan mendukung penerapan tata kelola Perseroan terbuka         The Company supports the implementation of the governance
      dengan menerima, menyerap dan mematuhi rekomendasi-                 of public companies by accepting, absorbing and complying with
      rekomendasi yang dikeluarkan oleh OJK sebagaimana                   recommendations issued by OJK as stated in SEOJK No. 32/
      tertuang dalam SEOJK No. 32/SEOJK.04/2015 tentang                   SEOJK.04/2015 on Governance Guidelines of Public Companies
      Pedoman Tata Kelola Perseroan Terbuka yang disahkan pada            ratified on 17 November 2015, as described below:
      17 November 2015, sebagai berikut:




136    Bakrieland Laporan Tahunan 2023
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Analisis dan Pembahasan Manajemen                Laporan Tata Kelola Perusahaan      Tanggung Jawab Sosial Perusahaan Terintegrasi/Laporan Keberlanjutan
Management Discussion and Analysis                Corporate Governance Report            Integrated Corporate Social Responsibility/Sustainability Report




                                                     Aspek 1:
        Hubungan Perusahaan Terbuka dengan Pemegang Saham Dalam Menjamin Hak-Hak Pemegang Saham
                                                     Aspect 1:
          Relationship Between Public Companies and Shareholders in Assuring the Rights of the Shareholders

Prinsip I: Meningkatkan Nilai Penyelenggaraan Rapat Umum Pemegang Saham (RUPS)
Principle I: Improvement of the Value in Implementing the General Meeting of Shareholders (GMS)

        Rekomendasi                           Tanggapan                                       Alasan                            Keterangan
       Recommendation                          Response                                       Reason                             Remarks
 Perusahaan Terbuka memiliki         Perseroan telah memiliki            Ketentuan tersebut dicantumkan dalam Anggaran                 -
 cara atau prosedur teknis           ketentuan         mengenai          - Dasar Perseroan yang ditetapkan tanggal
 pengumpulan suara (voting)          pengumpulan suara dalam             13 Oktober 2015, pasal 11 mengenai Tata Tertib,
 baik secara terbuka maupun          RUPS.                               Kuorum, Hak Suara, dan Keputusan RUPS. Dan
 tertutup yang mengedepankan         The     Company     retains         ketentuan tersebut diimplementasikan dalam
 independensi, dan kepentingan       the provisions on voting            RUPS tahun 2017.
 pemegang saham.                     procedures in GMS                   The provisions contained in the Company’s Articles
 A Public Company retains the                                            of Association established on 13 October 2015,
 means or technical procedures                                           article 11 regarding Procedures, Quorum, Voting
 in both open and closed                                                 Rights. And this provision was implemented in the
 voting that brings forward                                              2017 GMS.
 independence and interests of
 the shareholders.
 Seluruh anggota Direksi dan         Seluruh Direksi dan Dewan           Ketentuan     mengenai       kehadiran    Dewan               -
 anggota Dewan Komisaris             Komisaris hadir dalam RUPST         Komisaris dan Direksi dalam RUPS, diatur dalam
 Perusahaan Terbuka hadir            tahun 2017.                         Anggaran Dasar Perseroan yang ditetapkan
 dalam RUPST.                        All members of the Board of         tanggal 13 Oktober 2015. Ketentuan tersebut
 All members of the Board of         Directors and the Board of          diimplementasikan pada RUPST tahun 2019, di
 Directors and the Board of          Commissioners attended the          mana kehadiran Dewan Komisaris dan Direksi
 Commissioners of a Public           2017 Annual GMS.                    dicantumkan dalam Berita Acara RUPST tahun
 Company attend the Annual                                               2017.
 GMS.                                                                    The provision on the attendance of members
                                                                         of the Board of Directors and the Board of
                                                                         Commissioners in the GMS is regulated in the
                                                                         Company’s Articles of Association established on
                                                                         13 October 2015. The provision was implemented
                                                                         in the 2019 AGMS, whereas the attendance of
                                                                         members of the Board of Commissioners and
                                                                         the Board of Directors is noted in the Minutes of
                                                                         Meeting of the 2017 AGMS.
 Ringkasan risalah RUPS tersedia     Ringkasan        risalah    RUPS    Ketentuan mengenai informasi ringkasan                        -
 dalam situs web Perseroan           telah       tersedia       dalam    risalah RUPS dalam situs web Perseroan telah
 Terbuka paling sedikit selama       situs       web        Perseroan    diatur dalam Kebijakan Situs Web Perseroan
 1 (satu) tahun.                     www.bakrielandbakrieland.           yang disahkan dalam SK Direksi No. 006/DIR-
 The summary of the GMS              com selama minimal 3 (tiga)         Perseroan/SKD/V/2017, yang mengatur mengenai
 minutes of meetings is available    tahun.                              masa penyimpanan isi website.
 on the website of a Public          The summary of the GMS              The provision regarding the information on the
 Company for at least for 1 (one)    minutes of meetings            is   GMS minutes of meetings on the Company’s
 year period.                        available on the Company            website is stipulated in the website policy
                                     website www.bakrieland.com          established in the Board of Directors Decision No.
                                     for at least 3 (three) years.       006/DIR-Perseroan/SKD/V/2017, which regulates
                                                                         the storage period of the website content.




                                                                                                                2023 Annual Report Bakrieland          137
Page 140
           Kilas Kinerja                        Profil Perusahaan                    Laporan Manajemen                    Unit Pendukung Bisnis
      Performance Highlights                     Corporate Profile                   Management Report                     Business Support Unit




      Prinsip II: Meningkatkan Kualitas Komunikasi Dengan Pemegang Saham Atau Investor
      Principle II: Improvement of the Quality of Communication With Shareholders Or Investors

             Rekomendasi                          Tanggapan                                    Alasan                            Keterangan
            Recommendation                         Response                                    Reason                             Remarks
      Perusahaan Terbuka memiliki        Perseroan telah memiliki          Kebijakan komunikasi dengan pemegang saham-                  -
      suatu kebijakan komunikasi         kebijakan komunikasi dengan       atau investor diatur dalam SK Direksi tentang
      dengan pemegang saham atau         pemegang       saham       atau   Kebijakan Komunikasi dengan Para Pemegang
      investor.                          investor.                         Saham Perseroan, yang disahkan dalam SK Direksi
      A Public Company has a policy      The Company retains its           No. 125/ SK/DIR-BLD/VII/08 tentang Kebijakan
      on     communication       with    policy on communication with      Komunikasi dengan Para Pemegang Saham.
      shareholders or investors.         shareholders or investors.        The policy on communication with shareholders
                                                                           or investors is stipulated in the Decision Letter
                                                                           of the Board of Directors regarding Policy on
                                                                           Communication with the Shareholders of the
                                                                           Company, ratified in the Board of Directors
                                                                           Decision No. 125/SK/DIR-BLD/VII/08 regarding
                                                                           Policy on Communication with Shareholders.
      Perusahaan            Terbuka      Perseroan telah mencantumkan      Di dalam situs web Perseroan diungkapkan                     -
      mengungkapkan       kebijakan      kebijakan Komunikasi Perseroan    adany Kebijakan Komunikasi dengan Pemegang
      komunikasi Perseroan Terbuka       dengan pemegang saham di          Saham, Pedoman Dewan, dan Pedoman Perilaku
      dengan     pemegang     saham      dalam situs web Perseroan.        yang mengatur mengenai adanya mekanisme
      atau investor dalam situs web      The Company incorporated          komunikasi Perseroan dengan pemegang saham,
      Perseroan.                         the policy on the Company’s       di mana Perseroan mengangkat Sekretaris
      A Public Company discloses         Communication       with   the    Perseroan yang bertugas sebagai pejabat
      the Public Company’s policy        shareholders      into     the    penghubung antara Perseroan dan organ
      on    communication        with    Company website.                  Perseroan serta stakeholders.
      shareholders or investors on its                                     The policies on Communication with Shareholders,
      website.                                                             Board Manual, and Code of Conduct regulate
                                                                           the Company’s communication mechanism with
                                                                           shareholders, where the Company appoints the
                                                                           Corporate Secretary assigned as the contact
                                                                           officer between the Company and Company
                                                                           organs as well as stakeholders.




                                               Aspek 2: Fungsi dan Peran Dewan Komisaris
                                                     Aspek 3: Fungsi dan Peran Direksi
                                         Aspect 2: Function and Role of the Board of Commissioners
                                           Aspect 3: Function and Role of the Board of Directors


      Prinsip III dan V: Memperkuat Keanggotaan dan Komposisi Dewan Komisaris dan Direksi
      Principle III and V: Strengthening the Membership and Composition of the
      Board of Commissioners and the Board of Directors

             Rekomendasi                          Tanggapan                                    Alasan                            Keterangan
            Recommendation                         Response                                    Reason                             Remarks
      Penentuan         jumlah           Perseroan telah memiliki          Ketentuan tersebut tercantum di dalam:              Halaman 45
      anggota Dewan Komisaris            ketentuan mengenai:               • Anggaran Dasar Perseroan yang disahkan pada       (Komposisi Dewan
      mempertimbangkan  kondisi          • Jumlah anggota Dewan              13 Oktober 2015;                                  Komisaris)
      Perseroan Terbuka                    Komisaris    dan     Direksi    • Panduan Pelaksanaan GCG, yang mengatur            Page 45
                                           yang mempertimbangkan             mengenai jumlah, komposisi, kriteria, tugas,      (Composition
                                           kondisi Perseroan.                tanggung jawab, dan rapat Dewan Komisaris         of the Board of
                                         • Komposisi anggota Dewan           dan Direks, yang disahkan dalam SK Direksi dan    Commissioners)
                                           Komisaris    dan     Direksi      Dewan Komisaris No. 003/Dir-Kom/Perseroan/
                                           yang        memperhatikan         SK/IX/2011;
                                           keberagaman        keahlian,    • Pedoman Dewan (Board Manual), yang
                                           pengetahuan,            dan       mengatur       persyaratan,     keanggotaan,
                                           pengalaman             yang       komposisi, tugas, wewenang, hak, tanggung
                                           dibutuhkan.                       jawab, pengaturan rapat, dan masa jabatan
                                                                             Dewan Komisaris dan Direksi, yang disahakan
                                                                             dalam SK Direksi dan Dewan Komisaris
                                                                             No. 001/KOM-DIR- PERSEROAN/SK/I/2016




138   Bakrieland Laporan Tahunan 2023
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Analisis dan Pembahasan Manajemen               Laporan Tata Kelola Perusahaan      Tanggung Jawab Sosial Perusahaan Terintegrasi/Laporan Keberlanjutan
Management Discussion and Analysis               Corporate Governance Report            Integrated Corporate Social Responsibility/Sustainability Report




Prinsip III dan V: Memperkuat Keanggotaan dan Komposisi Dewan Komisaris dan Direksi
Principle III and V: Strengthening the Membership and Composition of the
Board of Commissioners and the Board of Directors

        Rekomendasi                           Tanggapan                                     Alasan                             Keterangan
       Recommendation                          Response                                     Reason                              Remarks
 Determine     the     number        • The Company retains the         The provision is contained in the following:
 of members of the Board               following provisions:           • Guidelines for GCG implementation which
 of     Commissioners    with        • The number of members of          regulate the number, composition, criteria,
 consideration of the Public           the Board of Commissioners        duties, responsibilities, and meetings of the
 Company’s conditions.                 and the Board of Directors        Board of Commissioners and the Board of
                                       takes into account for the        Directors, ratifed in the Decree of the Board
                                       Company’s conditions.             of Directors and the Board of Commissioners
                                     • The      composition       of     No. 003/Dir-Kom/Perseroan/ SK/IX/2011;
                                       members of the Board of         • Board Manual that regulates the requirements,
                                       Commissioners and the             membership,           composition,         duties,
                                       Board of Directors takes into     authorities, rights, responsibilities, meeting
                                       account for the diversity of      arrangements, and term of office for the
                                       expertise, knowledge and          Board of Commissioners and the Board of
                                       experience required.              Directors, ratified by the Decree of the Board
                                                                         of Directors and the Board of Commissioners
                                                                         No. 001/KOM-DIR- PERSEROAN/SK/I/2016.
 Penentuan jumlah anggota            Telah dipenuhi                                             -                                     -
 Direksi    mempertimbangkan         Fulfilled
 kondisi Perseroan Terbuka.
 Determine the number of
 members of the Board of
 Directors with consideration
 of the Public Company’s
 conditions.
 Penentuan            komposisi      Telah dipenuhi                                             -                                     -
 anggota Dewan Komisaris             Fulfilled
 memperhatikan keberagaman
 keahlian, pengetahuan, dan
 pengalaman yang dibutuhkan.
 Determine the composition
 of members of the Board
 of     Commissioners     with
 consideration of the diversity
 in expertise, knowledge, and
 experience required.
 Penentuan komposisi anggota         Telah dipenuhi                                             -                                     -
 Direksi        memperhatikan        Fulfilled
 keberagaman          keahlian,
 pengetahuan, dan pengalaman
 yang dibutuhkan.
 Determine the composition
 of members of the Board of
 Directors with consideration
 of the diversity in expertise,
 knowledge and experience
 required.
 Anggota       Direksi     yang      Telah dipenuhi                                             -                                     -
 membawahi               bidang      Fulfilled
 akuntansi    atau     keuangan
 memiliki keahlian dan/atau
 pengetahuan       di    bidang
 akuntansi.
 Members of the Board of
 Directors oversee the fields
 of accounting or finance with
 expertise and/or knowledge in
 accounting.




                                                                                                               2023 Annual Report Bakrieland          139
Page 142
           Kilas Kinerja                       Profil Perusahaan                     Laporan Manajemen                     Unit Pendukung Bisnis
      Performance Highlights                    Corporate Profile                    Management Report                      Business Support Unit




      Prinsip IV dan VI: Meningkatkan Kualitas Pelaksanaan Tugas dan Tanggung Jawab Dewan Komisaris dan Direksi
      Principle IV and VI: Improvement in the Quality of Implementation of Duties and Responsibilities of the Board
      of Commissioners and the Board of Directors

             Rekomendasi                         Tanggapan                                     Alasan                             Keterangan
            Recommendation                        Response                                     Reason                              Remarks
      Dewan Komisaris mempunyai         Dalam          pelaksanaannya,    • Ketentuan       tersebut   tercantum     dalam              -
      kebijakan penilaian sendiri       penilaian     kinerja    Dewan      Pedoman Dewan (Board Manual) yang
      (self-assessment) untuk menilai   Komisaris Perseroan dilakukan       disahkan dalam SK Direksi dan Komisaris
      kinerja Dewan Komisaris.          oleh Pemegang Saham dalam           PT       Bakrieland      Development        Tbk
      The Board of Commisisoners        Rapat      Umum       Pemegang      No. 001/KOM- DIR-PERSEROAN/SK/I/2016
      retains the policy on self-       Saham.                              tentang Pengesahan Board Manual.
      assessment to evaluate the        In     its     implementation,    • Selain itu, terdapat SK Dewan Komisaris
      performance of the Board of       assessment          on      the     No. 198/ KOM-BLD/SK/XII/09 tentang Tata Cara
      Commissioners.                    performance of the Company’s        Evaluasi Kinerja Direksi, Dewan Komisaris dan
                                        Board of Commissioners is           Komite di bawah Dewan Komisaris.
                                        carried out by the Shareholders   • Pedoman tersebut menjelaskan bahwa
                                        at the Annual General Meeting       penilaian Kinerja Dewan Komisaris dilakukan
                                        of Shareholders.                    oleh Pemegang Saham dalam Rapat Umum
                                                                            Pemegang Saham Tahunan (RUPST), dengan
                                                                            berdasarkan ukuran KPI yang berdasarkan
                                                                            fungsi, tugas, dan tanggung jawabnya
                                                                            sebagaimana yang tercantum dalam Anggaran
                                                                            Dasar Perseroan.
                                                                          • The provision is contained in the Board
                                                                            Manual, ratified in the Decree of the Board
                                                                            of Directors and the Board of Commissioners
                                                                            of     PT    Bakrieland    Development      Tbk
                                                                            No. 001/KOM- DIR-PERSEROAN/SK/I/2016 on
                                                                            Ratification of the Board Manual.
                                                                          • Additionally, in the Decree of the Board of
                                                                            Commissioners No. 198/ KOM-BLD/SK/XII/09
                                                                            regarding Performance Assessment Procedures
                                                                            for the Board of Directors, the Board of
                                                                            Commissioners and Committees under the
                                                                            Board of Commissioners.
                                                                          • The directive explains that Performance
                                                                            Assessment of the Board of Commissioners is
                                                                            carried out by the Shareholders in the Annual
                                                                            General Meeting of Shareholders (AGMS), on
                                                                            the basis of KPI measures based on the function,
                                                                            duties, and responsibilities as stated in the
                                                                            Company’s Articles of Association.




140    Bakrieland Laporan Tahunan 2023
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Analisis dan Pembahasan Manajemen               Laporan Tata Kelola Perusahaan      Tanggung Jawab Sosial Perusahaan Terintegrasi/Laporan Keberlanjutan
Management Discussion and Analysis               Corporate Governance Report            Integrated Corporate Social Responsibility/Sustainability Report




Prinsip IV dan VI: Meningkatkan Kualitas Pelaksanaan Tugas dan Tanggung Jawab Dewan Komisaris dan Direksi
Principle IV and VI: Improvement in the Quality of Implementation of Duties and Responsibilities of the Board
of Commissioners and the Board of Directors

        Rekomendasi                           Tanggapan                                     Alasan                             Keterangan
       Recommendation                          Response                                     Reason                              Remarks
 Kebijakan penilaian sendiri         Dalam         pelaksanaannya,      • Ketentuan tersebut tercantum dalam Pedoman                  -
 (self-assessment) untuk menilai     penilaian    kinerja     Direksi     Dewan (Board Manual) yang disahkan dalam
 kinerja     Dewan     Komisaris     Perseroan dilakukan oleh             SK Direksi dan Komisaris PT Bakrieland
 diungkapkan melalui Laporan         Pemegang      Saham       dalam      Development Tbk No. 001/KOM- DIR-
 Tahunan Perseroan Terbuka.          Rapat      Umum      Pemegang        PERSEROAN/SK/I/2016 tentang Pengesahan
 Self-Assessment to evaluate         Saham.                               Board Manual.
 the performance of the Board        In     its    implementation,      • Selain itu, terdapat SK Dewan Komisaris No.
 of Commissioners is disclosed       performance       assessments        198/ KOM-BLD/SK/XII/09 tentang Tata Cara
 through the Annual Report of a      of the Board of Directors            Evaluasi Kinerja Direksi, Dewan Komisaris dan
 Public Company.                     are    conducted      by     the     Komite di bawah Dewan Komisaris.
                                     Sharesholders at the General       • Pedoman tersebut menjelaskan bahwa
                                     Meeting of Shareholders.             penilaian Kinerja Direksi dilakukan oleh
                                                                          Pemegang Saham dalam RUPST, dengan
                                                                          berdasarkan ukuran KPI yang berdasarkan
                                                                          fungsi, tugas, dan tanggung jawabnya
                                                                          sebagaimana yang tercantum dalam Anggaran
                                                                          Dasar Perseroan.

                                                                        • This provision is contained in the Board
                                                                          Manual, ratified in the Decree of the Board of
                                                                          Dirrectors and the Bboard of Commissioners
                                                                          of PT Bakrieland Development Tbk No. 001/
                                                                          KOM- DIR-PERSEROAN/SK/I/2016 regarding the
                                                                          Ratification of the Board Manual.
                                                                        • Additionally, in the Decree of the Board of
                                                                          Commissioners No. 198/ KOM-BLD/SK/XII/09
                                                                          regarding Performance Assessment Procedures
                                                                          for the Board of Directors, the Board of
                                                                          Commissioners and Committees under the
                                                                          Board of Commissioners.
                                                                        • The directive explains that Performance
                                                                          Assessment of the Board of Directors is carried
                                                                          out by the Shareholders at the Annual General
                                                                          Meeting of Shareholders (AGMS), on the basis
                                                                          of KPI measures based on the functions, duties,
                                                                          and responsibilities as stated in the Company’s
                                                                          Articles of Association.
 Kebijakan penilaian sendiri         Perseroan telah melaksanakan       Kebijakan mengenai penilaian kinerja dewan                    -
 (self-assessment) untuk menilai     pengungkapan atas kebijakan        Komisaris dicantumkan dalam Pedoman Dewan
 kinerja     Dewan     Komisaris     penilaian   kinerja   Dewan        (Board Manual) yang telah diungkapkan dalam
 diungkapkan melalui Laporan         Komisaris dalam Laporan            Laporan Tahunan Perseroan setiap tahun.
 Tahunan Perseroan Terbuka.          Tahunan Perseroan.                 The policy on the performance assessment of the
 Self-Assessment to evaluate         The     Company     discloses      Board of Commissioners is contained in the Board
 the performance of the Board        the policy on performance          Manual as disclosed in the Company’s Annual
 of Commissioners is disclosed       assessment of the Board            Report every year.
 through the Annual Report of a      of Commissioners in the
 Public Company.                     Company’s Annual Report.




                                                                                                              2023 Annual Report Bakrieland           141
Page 144
           Kilas Kinerja                         Profil Perusahaan                    Laporan Manajemen                     Unit Pendukung Bisnis
      Performance Highlights                      Corporate Profile                   Management Report                      Business Support Unit




      Prinsip IV dan VI: Meningkatkan Kualitas Pelaksanaan Tugas dan Tanggung Jawab Dewan Komisaris dan Direksi
      Principle IV and VI: Improvement in the Quality of Implementation of Duties and Responsibilities of the Board
      of Commissioners and the Board of Directors

             Rekomendasi                           Tanggapan                                    Alasan                             Keterangan
            Recommendation                          Response                                    Reason                              Remarks
      Kebijakan penilaian      sendiri    Perseroan telah melaksanakan      Kebijakan mengenai penilaian kinerja Direksi        Halaman 163-164
      (self-assessment) untuk menilai     pengungkapan atas kebijakan       dicantumkan dalam Pedoman Dewan (Board              (Kriteria Penilaian
      kinerja Direksi diungkapkan         penilaian kinerja Direksi dalam   Manual) yang telah diungkapkan dalam Laporan        Kinerja)
      melalui     Laporan    Tahunan      Laporan Tahunan Perseroan.        Tahunan Perseroan setiap tahun.                     Page 163-164
      Perseroan Terbuka.                  The     Company       discloses   The policy on the performance assessment of         (Criteria of
      Self-Assessment to evaluate the     the policy on performance         the Board of Directors is contained in the Board    Performance
      performance of the Board of         assessment of the Board of        Manual as disclosed in the Company’s Annual         Assessment)
      Directors is disclosed through      Directors in the Company’s        Report every year.
      the Annual Report of a Public       Annual Report.
      Company.
      Dewan Komisaris mempunyai           Perseroan telah memiliki          Kebijakan mengenai pengunduran diri Dewan           Halaman 163-164
      kebijakan terkait pengunduran       kebijakan            mengenai     Komisaris diatur dalam Pedoman Dewan (Board         (Kriteria Penilaian
      diri anggota Dewan Komisaris        pengunduran       diri Dewan      Manual) yang disahkan dalam SK Direksi dan          Kinerja)
      apabila       terlibat     dalam    Komisaris.                        Komisaris PT Bakrieland Development Tbk No.         Page 163-164
      kejahatan keuangan.                 The Company retains the policy    001/KOM-DIR-PERSEROAN/SK/I/2016           tentang   (Criteria of
      The Board of Commissioners          on the resignation of members     Pengesahan Board Manual.                            Performance
      retains the policy related to the   of the Board of Commissioners     The policy on the resignation of members of the     Assessment)
      resignation of a member of the                                        Board of Commissioners is stipulated in the Board
      Board of Commissioners if the                                         Manual, ratified in the Decree of the Board of
      concerned member is involved                                          Directors and the Board of Commissioners of PT
      in financial crime.                                                   Bakrieland Development Tbk No. 001/KOM-DIR-
                                                                            PERSEROAN/SK/I/2016 regarding Ratification of
                                                                            the Board Manual.

      Direksi mempunyai kebijakan         Perseroan telah memiliki          Kebijakan mengenai pengunduran diri Direksi                  -
      terkait     pengunduran      diri   kebijakan            mengenai     diatur dalam Pedoman Dewan (Board Manual)
      anggota Direksi apabila terlibat    pengunduran diri Direksi.         yang disahkan dalam SK Direksi dan Komisaris
      dalam kejahatan keuangan.           The Company retains the policy    PT Bakrieland Development Tbk No. 001/KOM-
      The Board of Directors retains      on the resignation of members     DIR- PERSEROAN/SK/I/2016 tentang Pengesahan
      the policy related to the           of the Board of Directors.        Board Manual.
      resignation of a member of the                                        The policy on the resignation of members of
      Board of Commissioners if the                                         the Board of Directors is stipulated in the Board
      concerned member is involved                                          Manual, ratified in the Decree of the Board of
      in financial crime.                                                   Directors and the Board of Commissioners of PT
                                                                            Bakrieland Development Tbk No. 001/KOM-DIR-
                                                                            PERSEROAN/SK/I/2016 regarding the Ratification
                                                                            of the Board Manual.
      Dewan Komisaris atau Komite         Perseroan telah memiliki          Kebijakan mengenai proses nominasi anggota
      yang   menjalankan    fungsi        kebijakan yang mengatur           Direksi diatur dalam Piagam Komite Nominasi
      Nominasi dan Remunerasi             tentang proses nominasi           dan Remunerasi yang ditetapkan tanggal
      menyusun kebijakan suksesi          anggota Direksi.                  5 Juni 2015 dan dalam SK Dewan Komisaris
      dalam    proses    Nominasi                                           No. 001/KOM- PERSEROAN/SKDK/I/2017 tentang
      anggota Direksi.                                                      Perubahan Susunan Keanggotaan Komite
                                                                            Nominasi dan Remunerasi.

                                                                            Di dalam Pedoman Dewan (Board Manual)
                                                                            yang disahkan dalam SK Direksi dan Komisaris
                                                                            PT Bakrieland Development Tbk No. 001/KOM-
                                                                            DIR- PERSEROAN/SK/I/2016 tentang Pengesahan
                                                                            Board Manual, dinyatakan bahwa Dewan
                                                                            Komisaris dan Direksi memiliki komitmen yang
                                                                            tinggi untuk secara bersama-sama merealisasikan
                                                                            kelangsungan usaha Perseroan dalam jangka
                                                                            panjang yang tercermin pada terlaksananya
                                                                            suksesi    kepemimpinan      dan     kontinuitas
                                                                            manajemen di jajaran organisasi Perseroan.




142    Bakrieland Laporan Tahunan 2023
Page 145
Analisis dan Pembahasan Manajemen               Laporan Tata Kelola Perusahaan     Tanggung Jawab Sosial Perusahaan Terintegrasi/Laporan Keberlanjutan
Management Discussion and Analysis               Corporate Governance Report           Integrated Corporate Social Responsibility/Sustainability Report




Prinsip IV dan VI: Meningkatkan Kualitas Pelaksanaan Tugas dan Tanggung Jawab Dewan Komisaris dan Direksi
Principle IV and VI: Improvement in the Quality of Implementation of Duties and Responsibilities of the Board
of Commissioners and the Board of Directors

        Rekomendasi                          Tanggapan                                      Alasan                            Keterangan
       Recommendation                         Response                                      Reason                             Remarks
 The Board of Commissioners          The Company retains the policy   The policy on the nomination process of members                -
 or Committee that carries out       on regulating the nomination     of the Board of Directors is regulated in the
 the function of Nomination          process of members of the        Charter of the Nomination and Remuneration
 and Remuneration prepares           Board of Directors.              Committee established on 5 June 2015 and
 the policy on succession in                                          in Decree of the Board of Commissioners
 the Nomination process of                                            No.    001/KOM-PERSEROAN/SKDK/I/2017         on
 members of the Board of                                              Changes in the Composition of Membership of the
 Directors.                                                           Nomination and Remuneration Committee.

                                                                      The Board Manual, ratified in the Decree
                                                                      of the Board of Directors and the Board of
                                                                      Commissioners of PT Bakrieland Development Tbk
                                                                      No. 001/KOM-DIR- PERSEROAN/SK/I/2016 on
                                                                      Ratification of the Board Manual, states that the
                                                                      Board of Commissioners and the Board of Directors
                                                                      are highly committed to jointly acutalizing the
                                                                      Company’s business continuity in the long-term as
                                                                      reflected in the realization of leadership succession
                                                                      and management continuity within the Company’s
                                                                      organizational structure.




                                             Aspek 4: Partisipasi Pemangku Kepentingan
                                               Aspect 4: Participation of Stakeholders


Prinsip VII: Meningkatkan Aspek Tata Kelola Perseroan Melalui Partisipasi Pemangku Kepentingan
Principle VII: Improvement of the Company’s Governance Aspect Through the Participation of Stakeholders

        Rekomendasi                          Tanggapan                                      Alasan                            Keterangan
       Recommendation                         Response                                      Reason                             Remarks
 Perusahaan Terbuka memiliki         Perseroan telah memiliki         Kebijakan tersebut dicantumkan dalam:                          -
 kebijakan untuk mencegah            kebijakan untuk mencegah         • Panduan Pelaksanaan GCG, yang disahkan
 terjadinya insider trading.         terjadinya insider trading.        dalam SK Direksi dan Dewan Komisaris
 A Public Company retains the        The Company retains its            No.          003/Dir-Kom/Perseroan/SK/IX/2011
 policies on preventing the          policies on preventing the         tentang Pengesahan Panduan Pelaksanaan
 occurrence of insider trading.      occurrence of insider trading.     GCG, yang menyatakan bahwa Perseroan
                                                                        berkomitmen untuk menyebarluaskan larangan
                                                                        transaksi efek oleh orang dalam (insider
                                                                        trading).
                                                                      • Pedoman Perilaku (Code of Conduct) meyatakan
                                                                        bahwa karyawan dilarang terlibat dalam
                                                                        perdagangan surat-surat berharga Perseroan
                                                                        bila memiliki informasi dari dalam Perseroan
                                                                        yang sifatnya material dan bukan bersifat
                                                                        umum.
                                                                      The policy is contained in the following:
                                                                      • Guidelines for GCG Implementation, ratified
                                                                        in the Decree of the Board of Directors and
                                                                        the Board of Commissioners No. 003/Dir-Kom/
                                                                        Perseroan/SK/IX/2011 on Ratification of GCG
                                                                        Implementation Guidelines which states that
                                                                        the Company is committed to disseminating the
                                                                        prohibition of securities transactions by insiders
                                                                        (insider trading).
                                                                      • The Code of Conduct states that employees are
                                                                        prohibited from getting involved in the trading
                                                                        of securities of the Company if in possession of
                                                                        information from within the Company that is
                                                                        material and not general in nature.

                                                                                                               2023 Annual Report Bakrieland         143
Page 146
           Kilas Kinerja                        Profil Perusahaan                     Laporan Manajemen                       Unit Pendukung Bisnis
      Performance Highlights                     Corporate Profile                    Management Report                        Business Support Unit




      Prinsip VII: Meningkatkan Aspek Tata Kelola Perseroan Melalui Partisipasi Pemangku Kepentingan
      Principle VII: Improvement of the Company’s Governance Aspect Through the Participation of Stakeholders

             Rekomendasi                          Tanggapan                                      Alasan                              Keterangan
            Recommendation                         Response                                      Reason                               Remarks
      Perusahaan Terbuka memiliki        Perseroan telah memiliki          Di dalam Pedoman Perilaku (Code of Conduct),            Halaman 203-205
      kebijakan anti-korupsi dan anti-   kebijakan anti-korupsi dan        dalam hal hubungan karyawan dengan pemasok,             (Sistem Pelaporan
      fraud.                             anti-fraud.                       untuk semua jenis potongan harga/diskon/komisi          Pelanggaran
      A Public Company retains the       The Company retains its           yang diberikan oleh rekanan Perseroan, baik yang        Page 203-204
      policies on anti-corruption and    policies on anti-corruption and   tercatat atas nama Karyawan maupun Perseroan            ( Whistleblowing
      anti-fraud.                        anti-fraud.                       harus dibukukan sebagai keuntungan Perseroan            System)
                                                                           dan bukan keuntungan pribadi Karyawan
                                                                           yang bersangkutan. Selain itu, Karyawan perlu
                                                                           melakukan kegiatan konsultasi dan lobi dengan
                                                                           Rekanan/ Pemasok dengan mengacu kepada
                                                                           prinsip dan kriteria yang objektif, bukan lobi
                                                                           untuk kepentingan pribadi Karyawan. Karyawan
                                                                           Perseroan dilarang meminta atau menerima
                                                                           kompensasi finansial dan non finansial untuk
                                                                           kepentingan pribadi dengan dalih “ucapan terima
                                                                           kasih” dari pihak Rekanan dan Pemasok.

                                                                           Dalam hal kebijakan anti fraud, Perseroan
                                                                           memiliki kebijakan Sistem Pelaporan Pelanggaran
                                                                           (Whistleblowing System/WBS) yang mengatur
                                                                           mekanisme pengungkapan tindakan pelanggaran
                                                                           atau perbuatan melanggar hukum perbuatan
                                                                           tidak etis/ tidak bermoral atau perbuatan lain
                                                                           yang dapat merugikan organisasi maupun
                                                                           pemangku kepentingan.

                                                                           In the Code of Conduct, in terms of employee
                                                                           relationships with suppliers, all types of discounts/
                                                                           commissions given by the Company’s partners,
                                                                           whether registered in the name of the employee
                                                                           or the Company, must be recorded as Company
                                                                           profits and not the concerned employee’s personal
                                                                           profits. In addition, employees need to carry out
                                                                           consultation and lobbying activities with partners/
                                                                           suppliers by referring to objective principles and
                                                                           criteria, not lobbying for employees’ personal
                                                                           interests. Company employees are prohibited
                                                                           from requesting or receiving financial and non-
                                                                           financial compensation for personal interests
                                                                           under the pretext of “thank you” from partners
                                                                           and suppliers.

                                                                           In the context of anti-fraud policy, the Company
                                                                           retains the policy on the Whistleblowing System
                                                                           (WBS) which regulates the mechanism for
                                                                           disclosing acts of violation or unlawful acts,
                                                                           unethical/immoral acts or other acts that may
                                                                           harm the organization or its stakeholders.




144   Bakrieland Laporan Tahunan 2023
Page 147
Analisis dan Pembahasan Manajemen               Laporan Tata Kelola Perusahaan     Tanggung Jawab Sosial Perusahaan Terintegrasi/Laporan Keberlanjutan
Management Discussion and Analysis               Corporate Governance Report           Integrated Corporate Social Responsibility/Sustainability Report




Prinsip VII: Meningkatkan Aspek Tata Kelola Perseroan Melalui Partisipasi Pemangku Kepentingan
Principle VII: Improvement of the Company’s Governance Aspect Through the Participation of Stakeholders

        Rekomendasi                          Tanggapan                                      Alasan                              Keterangan
       Recommendation                         Response                                      Reason                               Remarks
 Perusahaan Terbuka memiliki         Perseroan telah memiliki         Ketentuan mengenai pemasok diatur dalam
 kebijakan tentang seleksi dan       kebijakan tentang seleksi dan    kebijakan pengadaan barang dan/atau jasa
 peningkatan        kemampuan        peningkatan      kemampuan       yang disahkan dalam SK Direksi No. 021/DIR-
 pemasok atau vendor.                pemasok atau vendor.             Perseroan/SK/VII/11       tentang      Pengesahan
 A Public Company retains            The Company retains the policy   Kebijakan Pengadaan Barang dan/atau Jasa.
 the policy on the selection         on the selection and capacity    Kebijakan mengenai hal tersebut diatur dalam
 and capacity improvement of         improvement of suppliers or      Panduan Pelaksanaan GCG, yang disahkan dalam
 suppliers or vendors.               vendors.                         SK Direksi dan Dewan Komisaris No. 003/Dir-
                                                                      Kom/Perseroan/SK/IX/2011 tentang Pengesahan
                                                                      Panduan Pelaksanaan GCG.
                                                                      Provisions regarding suppliers are regulated in
                                                                      the goods and/or services procurement policy
                                                                      which is approved in Directors' Decree No. 021/
                                                                      DIR-Company/ SK/VII/11 concerning Ratification
                                                                      of Goods and/or Services Procurement Policies.
                                                                      The policy regarding this matter is regulated in the
                                                                      GCG Implementation Guide, which was ratified in
                                                                      the Decree of the Board of Directors and Board
                                                                      of Commissioners No. 003/Dir-Kom/Perseroan/
                                                                      SK/IX/2011 concerning Ratification of GCG
                                                                      Implementation Guidelines.
 Perusahaan Terbuka memiliki         Perseroan telah memiliki         Kebijakan mengenai hal tersebut diatur dalam            Halaman 204-205
 kebijakan tentang pemenuhan         kebijakan          mengenai      Panduan Pelaksanaan GCG, yang disahkan dalam            (Sistem Pelaporan
 hak-hak kreditur.                   pemenuhan hak kreditur.          SK Direksi dan Dewan Komisaris No. 003/Dir-             Pelanggaran)
 A Public Company retains the        The Company retains the          Kom/Perseroan/SK/IX/2011 tentang Pengesahan             Page 204-205
                                                                                                                              (Whistleblowing
 policy on the fulfillment of        policy on the fulfillment of     Panduan Pelaksanaan GCG.
                                                                                                                              System)
 creditors’ rights.                  creditors’ rights.               The policy on this matter is regulated in the
                                                                      GCG Implementation Guidelines, ratified in the
                                                                      Decree of the Board of Directors and the Board of
                                                                      Commissioners No. 003/Dir-Kom/ Perseroan/SK/
                                                                      IX/ 2011 on Ratification of GCG Implementation
                                                                      Guidelines.
 Perusahaan Terbuka memiliki         Perseroan telah memiliki         Kebijakan      mengenai      sistem    pelaporan
 kebijakan sistem pelaporan          kebijakan sistem pelaporan       pelanggaran disahkan dalam SK Direksi No. 118/
 pelanggaran.                        pelanggaran.                     SK/Dir-BLD/ VIII/09 tentang Pembentukan dan
 A Public Company retains the        The Company retains the          Penunjukan Tim Khusus Pengelola Pelaporan
 policy on violation reporting       policy on violation reporting    Pelanggaran (TKPP)/WBS.
 system.                             system.                          The policy on the violation reporting system was
                                                                      ratified in the Decree of the Board of Directors
                                                                      No. 118/SK/Dir-BLD/VIII/09 on Appointment of
                                                                      a Special Team for the Management of Violation
                                                                      Reporting System (TKPP)/WBS.
 Perusahaan Terbuka memiliki         Perseroan telah memiliki         Kebijakan mengenai pemberian insentif jangka
 kebijakan pemberian insentif        kebijakan tentang pemberian      panjang diatur dalam Peraturan Perseroan
 jangka panjang kepada Direksi       insentif jangka panjang.         tentang jaminan sosial dan kesejahteraan
 dan karyawan.                       The Company retains the          karyawan, termasuk di dalamnya Jaminan Hari
 A Public Company retains the        policy on rewarding long-term    Tua. Selain itu, Perseroan juga berkomitmen
 policy on rewarding long-term       incentives.                      untuk memberikan penghargaan atas dedikasi
 incentives to the Board of                                           karyawan yang telah bekerja pada setiap masa
 Directors and employees.                                             bakti tertentu, yang diatur dalam Peraturan
                                                                      Perseroan.
                                                                      The policy on rewarding long-term incentives is
                                                                      regulated in the Company Regulations on social
                                                                      security and employee welfare, including Old
                                                                      Age Security. In addition, the Company is also
                                                                      committed to providing tokens of appreciation for
                                                                      the dedication of employees who have worked for
                                                                      each specific period of service, as stipulated in the
                                                                      Company’s Regulations.




                                                                                                               2023 Annual Report Bakrieland         145
Page 148
           Kilas Kinerja                         Profil Perusahaan                      Laporan Manajemen                    Unit Pendukung Bisnis
      Performance Highlights                      Corporate Profile                     Management Report                     Business Support Unit




      Prinsip VIII: Meningkatkan Pelaksanaan Keterbukaan Informasi
      Principle VIII: Improvement of the Implementation of Information Disclosure

                Rekomendasi                                  Tanggapan                                 Alasan                       Keterangan
               Recommendation                                 Response                                 Reason                        Remarks
      Perusahaan Terbuka memanfaatkan           Perseroan              memanfaatkan      Perseroan             memanfaatkan               -
      penggunaan teknologi informasi            penggunaan media sosial dan              aplikasi, situs web pihak ketiga,
      secara lebih luas selain situs            software yang dapat menunjang            dan media sosial sebagai sarana
      web Perseroan sebagai media               aktivitas operasional.                   keterbukaan      informasi   dengan
      keterbukaan informasi.                    The Company takes advantage of the       konsumen, yang memungkinkan
      A Public Company takes advantage          use of social media and software that    konsumen mendapatkan informasi,
      more extensively on the use of            support operational activities.          menyampaikan keluhan, maupun
      information     technology    aside                                                kepuasan      dalam    menggunakan
      from the Company website as an                                                     produk Perseroan, dan memudahkan
      information disclosure media.                                                      Perseroan untuk menyusun laporan
                                                                                         periodik, dapat memantau rating
                                                                                         kompetitor, tren negatif dan positif,
                                                                                         dan data lainnya yang diperlukan.
                                                                                         The Company takes advantage of
                                                                                         applications, third-party website,
                                                                                         and social media as a means of
                                                                                         disclosing information to consumers
                                                                                         which allows consumers to obtain
                                                                                         information, convey complaints and
                                                                                         satisfaction in using the Company’s
                                                                                         products, and makes it easier for the
                                                                                         Company to prepare periodic reports,
                                                                                         monitor competitor ratings, negative
                                                                                         and positive trends, and other
                                                                                         necessary data.
      Laporan       Tahunan        Perseroan    Perseroan telah mengungkapkan            Di    dalam     Laporan    Tahunan               -
      Terbuka mengungkapkan pemilik             pemilik   manfaat      akhir   dalam     Perseroan, pada bagian Ikhtisar
      manfaat akhir dalam kepemilikan           kepemilikan     saham      Perseroan     Saham,     diungkapkan    informasi
      saham Perseroan Terbuka paling            Terbuka paling sedikit 5%.               mengenai komposisi pemegang
      sedikit 5% (lima persen), selain          The Company discloses the owner          saham, baik yang kepemilikannya di
      pengungkapan pemilik manfaat akhir        of the ultimate benefit of share         atas maupun di bawah 5%.
      dalam kepemilikan saham Perseroan         ownership in the Company of at least     In the section on Shares Summary
      Terbuka melalui pemegang saham            5%.                                      of the Company’s Annual Report,
      utama dan pengendali.                                                              information on the shareholders’
      The Annual Report of a Public                                                      composition is disclosed, both on
      Company discloses the ultimate                                                     ownership of above as well as below
      owners of benefit in a Public                                                      5% shares.
      Company’s share ownership of at
      least 5% (five percent), in addition to
      disclosure of the ultimate owner of
      benefit in a Public Company’s share
      ownership through the main and
      controlling shareholders




146   Bakrieland Laporan Tahunan 2023
Page 149
Analisis dan Pembahasan Manajemen         Laporan Tata Kelola Perusahaan    Tanggung Jawab Sosial Perusahaan Terintegrasi/Laporan Keberlanjutan
Management Discussion and Analysis         Corporate Governance Report          Integrated Corporate Social Responsibility/Sustainability Report




RENCANA PENINGKATAN KUALITAS GCG                                    PLANS FOR IMPROVEMENT OF GCG
TAHUN 2024                                                          QUALITY IN 2024

Dengan mempertimbangkan hasil penilaian mandiri atas                Taking into account the results of the self-assessment on GCG
penerapan GCG di lingkungan Bakrieland dan Entitas Anak             implementation within Bakrieland and Subsidiaries, the Company
Perusahaan, Perseroan berkomitmen untuk secara konsisten            is committed to consistently striving to continue improving GCG
melakukan perbaikan yang berkelanjutan terhadap implementasi        implementation in all aspects so as to always remain in line with
GCG pada segala aspek agar senantiasa selaras dengan                developments in regulation and to accommodate the increasing
perkembangan regulasi dan dapat mengakomodir kompleksitas           advancement in business complexity.
bisnis yang semakin maju.


Paad tahun 2024 mendatang, Perseroan secara bertahap akan           In the coming year of 2024, the Company will gradually begin
mulai menerapkan prinsip GCG sesuai dengan Pedoman Umum             to implement GCG principles in accordance with the General
Governansi Korporat Indonesia (PUGKI) dan secara berkelanjutan      Guidelines of Indonesia Corporate Governance (PUGK) and
mengimplementasikan praktik GCG dalam seluruh proses bisnis,        continually perform GCG practices in all business processes
dengan mendorong keterbukaan dan akuntabilitas.                     by encouraging transparency and accountability.


Selain itu, Perseroan juga berkomitmen untuk menerapkan             Apart from that, the Company is also committed to implementing
kepatuhan terhadap peraturan perundang-undangan yang                compliance with applicable laws and regulations, including
berlaku termasuk regulasi pasar modal dan secara berkelanjutan      capital market regulations and strengthening the supervisions
memperkuat pengawasan Dewan Komisaris melalui peran                 of the Board of Commissioners through the role of the Audit
Komite Audit dalam melakukan penelaahan laporan keuangan            Committee in reviewing the financial statement prior to
sebelum menyampaikan kepada regulator.                              submission to regulators.


RAPAT UMUM PEMEGANG SAHAM                                           GENERAL MEETING OF SHAREHOLDERS

Rapat Umum Pemegang Saham (RUPS) merupakan organ                    The General Meeting of Shareholders (GMS) is the highest
tertinggi dalam struktur tata kelola Perseroan yang mempunyai       organ in the Company’s governance structure with rights and
segala hak dan kewenangan yang tidak dimiliki oleh Direksi          authority not owned by the Board of Directors or the Board
atau Dewan Komisaris. Selain itu RUPS juga berfungsi sebagai        of Commissioners. In addition, GMS also functions as a forum
wadah bagi para pemegang saham untuk mengambil keputusan            for shareholders to make strategic decisions related to the
strategis terkait pengurusan Perseroan. Keputusan yang diambil      management of the Company. Decisions taken during GMS
dalam RUPS didasarkan pada kepentingan Perseroan, serta             are based on the Company’s interests and conducted fairly
dilakukan secara wajar dan transparan.                              and transparently.


Mengacu pada Anggaran Dasar Perseroan dan peraturan                 Referring to the Company’s Articles of Association and prevailing
perundang-undangan yang berlaku, Perseroan mengenal 2               laws and regulations, the Company acknowledges 2 (two) types
(dua) jenis RUPS, yaitu RUPS Tahunan dan RUPS Luar Biasa.           of GMS, namely the Annual GMS and the Extraordinary GMS.
Pelaksanaan RUPS Tahunan wajib dilakukan dalam jangka waktu         Implementation of the Annual GMS is required to be carried out
paling lambat 6 (enam) bulan setelah tahun buku berakhir,           within a maximum of 6 (six) months following the end of the
sedangkan RUPS Luar BIasa dapat dilakukan sewaktu-waktu atas        fiscal year, while Extraordinary GMS may be held at any given
permintaan Direksi atau pemegang saham yang memiliki hak            time upon request from the Board of Directors or shareholders
suara minimal 10% dari total suara yang dikeluarkan Perseroan.      with voting rights of at least 10% of the total votes cast by
                                                                    the Company.




                                                                                                      2023 Annual Report Bakrieland           147
Page 150
            Kilas Kinerja                                  Profil Perusahaan                      Laporan Manajemen                     Unit Pendukung Bisnis
       Performance Highlights                               Corporate Profile                     Management Report                      Business Support Unit




      RUPS Tahunan 2022 (Rapat Ketiga)                                                    2022 Annual GMS (Third Meeting)
      Perseroan menyelenggarakan RUPS Tahunan 2022 (untuk tahun                           The Company held the 2022 Annual GMS (for fiscal year 2021)
      buku 2021) pada tanggal 24 Juli 2023 (pukul 14.45-16.01 WIB),                       on 24 July 2023 (at 14:45-16:01 WIB), located at The Bridge
      bertempat di The Bridge Function Room – Hotel Horison Suites                        Function Room – Horison Suites & Residences Rasuna Jakarta
      & Residences Rasuna Jakarta, Kawasan Rasuna Epicentrum,                             Hotel, Rasuna Epicentrum Area, Jl. H.R. Rasuna Said – South
      Jl. H.R. Rasuna Said – Jakarta Selatan.                                             Jakarta.


      Kehadiran Dewan Komisaris dan Direksi                                               Attendance of the Board of Commissioners and
                                                                                          the Board of Directors
                                                                              Dewan Komisaris
                                                                            Board of Commissioners
       Bambang Irawan Hendradi                                 Presiden Komisaris
                                                               President Commissioner
       Armansyah Yamin                                         Komisaris
                                                               Commissioner
       Kanaka Puradiredja                                      Komisaris Independen
                                                               Independent Commissioner
                                                                                     Direksi
                                                                                Board of Directors
       Ambono Janurianto                                       Presiden Direktur
                                                               President Director
       Fandrizal                                               Direktur
                                                               Director
       Djafarullah                                             Direktur
                                                               Director

      Pihak Independen untuk Perhitungan Suara                                            Independent Party to Vote Count at the 2022
      dalam RUPST 2022                                                                    AGMS
      Pada pelaksanaan RUPS Tahunan 2022 yang diselenggarakan                             At the 2022 Annual GMS, held on 24 July 2023, the Company
      tanggal 24 Juli 2023 , Perseroan menggunakan pihak independen                       employed an independent party to conduct the vote count,
      untuk melakukan perhitungan suara, yaitu Kantor Notaris Aulia                       namely Aulia Taufani S.H. Notary Office.
      Taufani, S.H.


      Kehadiran Pemegang Saham atau Kuasanya                                              Attendance of the Shareholders or Proxies
      Sebanyak 9.736.349.068 saham (22,37%) dari seluruh saham                            A total of 9,736,349,068 shares (22.37%) of the total
      yang telah ditempatkan dan disetor penuh hingga saat Rapat                          43,521,913,019 placed and fully paid shares until the
      yaitu sebanyak 43.521.913.019 saham.                                                implementation of the Meeting,


      Hasil Keputusan RUPST 2022                                                          Resolutions of 2022 AGMS
                          Mata Acara                                                 Keputusan                                           Realisasi
       No
                           Agenda                                                    Resolution                                         Realization
        1     Pe r s e t u j u a n a t a s l a p o r a n   Menyetujui laporan pertanggungjawaban Direksi tentang          Penyampaian Laporan Keuangan
              pertanggungjawaban Direksi                   jalannya Perseroan untuk tahun buku yang berakhir pada         Tahunan 2021 pada tanggal
              tentang jalannya Perseroan untuk             tanggal 31 Desember 2021.                                      1 September 2022 Ref. No.: 058/
              tahun buku yang berakhir pada                Approved the accountability report of the Board of Directors   S K L / B L D - CO R S EC- L EG A L / H N /
              tanggal 31 Desember 2021.                    on the Company’s operations for the fiscal year that ended     IX/2022.
              Approval of the accountability               on 31 December 2021.                                           Submission         of    the      Annual
              report of the Board of Directors                                                                            Financial Statements of 2021 on
              on the Company’s operations                                                                                 1 September 2022 Ref No. 058/SKL/
              for the fiscal year that ended on                                                                           BLD-CORSEC-LEGAL/HN/IX/2022.
              31 December 2021




148    Bakrieland Laporan Tahunan 2023
Page 151
Analisis dan Pembahasan Manajemen              Laporan Tata Kelola Perusahaan      Tanggung Jawab Sosial Perusahaan Terintegrasi/Laporan Keberlanjutan
Management Discussion and Analysis              Corporate Governance Report            Integrated Corporate Social Responsibility/Sustainability Report




                 Mata Acara                                         Keputusan                                              Realisasi
  No
                  Agenda                                            Resolution                                            Realization
   2    Persetujuan dan pengesahan          Menyetujui dan mengesahkan atas Laporan Posisi Keuangan         Penyampaian Laporan Keuangan
        atas Laporan Posisi Keuangan        dan Laporan Laba Rugi dan Penghasilan Komprehensif Lain         Tahunan 2021 pada tanggal
        dan Laporan Laba Rugi dan           Perseroan untuk tahun buku yang berakhir pada tanggal           1 September 2022 Ref. No.: 058/
        Penghasilan Komprehensif Lain       31 Desember 2021 serta memberikan pembebasan                    S K L / B L D - CO R S EC- L EG A L / H N /
        Perseroan untuk tahun buku          dan pelunasan tanggung jawab sepenuhnya (volledig               IX/2022.
        yang berakhir pada tanggal          acquit et de charge) kepada anggota Direksi Perseroan           Submission         of    the      Annual
        31 Desember 2021.                   atas tindakan pengurusan dan kepada anggota Dewan               Financial Statements of 2021 on
        Approval and ratification of        Komisaris Perseroan atas tindakan pengawasan yang telah         1 September 2022 Ref. No. 058/
        the Company’s Statements            dilakukan dalam tahun buku yang berakhir pada tanggal           SKL/BLD-CORSEC-LEGAL/HN/
        of Financial Position and the       31 Desember 2021, sepanjang tindakan-tindakan tersebut          IX/2022.
        Statements of Profit-Loss and       tercermin dalam Laporan Tahunan Perseroan tahun buku
        Other Comprehensive Income          yang berakhir pada tanggal 31 Desember 2021.
        for the fiscal year that ended on   Approved and ratified the Financial Position Statements
        31 December 2021.                   and the Profit-Loss Statements and Other Comprehensive
                                            Income of the Company for the fiscal year which ended on
                                            31 December 2021 and granted full release and discharge of
                                            responsibility ( volledig acquit et de charge) to members of
                                            the Board of Directors of the Company for their management
                                            actions and to members of the Company’s Board of
                                            Commissioners for the supervisory actions carried out in the
                                            fiscal year that ended on 31 December 2021, as long as these
                                            actions are reflected in the Company’s Annual Report for the
                                            fiscal year that ended on 31 December 2021.
   3    Persetujuan         penunjukkan     Menyetujui pemberian wewenang kepada Dewan Komisaris            Penunjukan Kantor Akuntan Publik
        Kantor       Akuntan      Publik    atas usulan Komite Audit untuk menunjuk dan mengangkat          Y. Santosa Dan Rekan berdasarkan
        Independen untuk melakukan          Kantor Akuntan Publik Independen yang terdaftar di              penyampaian surat kepada OJK
        audit atas buku Perseroan           Otoritas Jasa Keuangan yang akan melakukan audit Laporan        No.: 044/SKL/BLD-CORSEC-LEGAL/
        untuk tahun buku 2022.              Keuangan Perseroan untuk tahun buku yang berakhir pada          HN/VIII/2023 tanggal 7 Agustus
        Approval for the appointment        tanggal 31 Desember 2022 dan periode-periode lainnya            2023.
        of an Independent Public            dalam tahun buku 2022 serta memberikan wewenang                 The    appointment     of    Public
        Accounting Firm to conduct the      dan kuasa sepenuhnya kepada Direksi Perseroan untuk             Accounting Firm Y. Santosa and
        audit of the Company’s books        menetapkan honorarium serta persyaratan-persyaratan             Partner based on the letter to OJK
        for fiscal year 2022.               lain penunjukannya dan menunjuk Akuntan Publik dan/atau         No. 044/SKL/BLD-CORSEC-LEGAL/
                                            Kantor Akuntan Publik pengganti dan menetapkan kondisi          HN/VIII/2023 dated 7 August 2023.
                                            dan persyaratan penunjukannya jika Akuntan Publik dan/
                                            atau Kantor Akuntan Publik yang telah ditunjuk tersebut
                                            tidak dapat melaksanakan atau melanjutkan tugasnya
                                            karena sebab apapun, termasuk alasan hukum dan peraturan
                                            perundang-undangan di bidang pasar modal atau tidak
                                            tercapai kesepakatan mengenai besaran honorarium audit
                                            dan pengangkatan Akuntan Publik Independen tersebut.
                                            Approved the granting of authority to the Board of
                                            Commissioners on the Audit Committee’s proposal to
                                            appoint and assign an Indpendent Public Accounting Firm
                                            registered with the Financial Services Authority that will
                                            audit the Company’s Financial Statements for the fiscal year
                                            that ended on 31 December 2022 and other periods in the
                                            2022 fiscal year as well as providing authority and power to
                                            the Board of Directors of the Company to determine the
                                            honorarium and other terms of appointment and to appoint
                                            a substitute Public Accountant and/or Public Accounting
                                            Firm and to determine the conditions and requirements for
                                            their appointment if the appointed Public Accountant cannot
                                            carry out or continue their duties for any reason, including
                                            legal reasons and statutory regulations in the capital market
                                            sector or an agreement is not reached regarding the amount
                                            of the audit fee and the appointment of the said independent
                                            Public Accountant.




                                                                                                              2023 Annual Report Bakrieland               149
Page 152
            Kilas Kinerja                                  Profil Perusahaan                     Laporan Manajemen                  Unit Pendukung Bisnis
       Performance Highlights                               Corporate Profile                    Management Report                   Business Support Unit




      RUPS Tahunan 2023                                                                   2023 Annual GMS
      Perseroan menyelenggarakan RUPS Tahunan pada tanggal                                The Company held its Annual GMS on 23 October 2023
      23 Oktober 2023 (pukul 14.25-14.34 WIB), bertempat di The                           (at 14:25-14:34 WIB), located at The Bridge Function Room
      Bridge Function Room – Hotel Horison Suites & Residences                            – Horison Suites & Residences Rasuna Hotel Jakarta, Rasuna
      Rasuna Jakarta, Kawasan Rasuna Epicentrum, Jl. H.R. Rasuna                          Epicentrum Area, Jl. H.R. Rasuna Said – South Jakarta.
      Said – Jakarta Selatan.


      Kehadiran Dewan Komisaris dan Direksi                                               Attendance of the Board of Commissioners and
                                                                                          the Board of Directors
                                                                              Dewan Komisaris
                                                                            Board of Commissioners
       Bambang Irawan Hendradi                                 Presiden Komisaris
                                                               President Commissioner
       Armansyah Yamin                                         Komisaris
                                                               Commissioner
       Kanaka Puradiredja                                      Komisaris Independen
                                                               Independent Commissioner
                                                                                     Direksi
                                                                                Board of Directors
       Ambono Janurianto                                       Presiden Direktur
                                                               President Director
       Fandrizal                                               Direktur
                                                               Director
       Djafarullah                                             Direktur
                                                               Director


      Pihak Independen untuk Perhitungan Suara                                            Independent Party to Vote Count at the 2023
      dalam RUPST 2023                                                                    AGMS
      Pada pelaksanaan RUPS Tahunan yang diselenggarakan tanggal                          In conducting the Annual GMS on 23 October 2023, the Company
      23 Oktober 2023, Perseroan menggunakan pihak independen                             employed an independent party to carry out the voting count,
      untuk melakukan perhitungan suara, yaitu Kantor Notaris                             namely the Notary Firm of Aryanti Artisari, S.H., M.Kn.
      Aryanti Artisari, S.H., M.Kn.


      Kehadiran Pemegang Saham atau Kuasanya                                              Attendance of the Shareholders or Their Proxies
      Sebanyak 8.768.022.226 saham (20,15%) dari seluruh saham                            A total of 8,768,022,226 shares (20.15%) of the total
      yang telah ditempatkan dan disetor penuh hingga saat Rapat                          43,521,913,019 were placed and fully paid shares until the
      yaitu sebanyak 43.521.913.019 saham.                                                implementation of the Meeting.


      Hasil Keputusan RUPST 2023                                                          Resolutions of the 2023 AGMS
                          Mata Acara                                                  Keputusan                                       Realisasi
       No
                           Agenda                                                     Resolution                                     Realization
        1     Pe r s e t u j u a n a t a s l a p o r a n   Sesuai dengan ketentuan Pasal 86 ayat (1) Undang-Undang          Rapat Kedua Atas Rapat Umum
              pertanggungjawaban Direksi                   Nomor 40 Tahun 2007 (selanjutnya disebut “UUPT”), Pasal 41       Pemegang Saham Tahunan
              tentang jalannya Perseroan untuk             ayat (1) huruf a Peraturan OJK Nomor 15 Tahun 2020, dan Pasal    telah dilaksanakan pada tanggal
              tahun buku yang berakhir pada                11 ayat 2 huruf a Anggaran Dasar Perseroan, Rapat hanya sah      8 November 2023.
              tanggal 31 Desember 2022.                    dan mengikat apabila dihadiri oleh para pemegang saham dan/
                                                           atau kuasa mereka yang sah yang mewakili lebih dari 1/2 (satu
                                                           per dua) bagian dari seluruh saham yang telah dikeluarkan oleh
                                                           Perseroan.

                                                           Bahwa jumlah saham yang dihadiri oleh pemegang saham
                                                           dan/atau wakil mereka yang sah dalam Rapat adalah sejumlah
                                                           2.284.482.936 saham atau sama dengan 5,25% dari seluruh
                                                           saham yang telah dikeluarkan oleh Perseroan, sehingga Rapat
                                                           dinyatakan tidak memenuhi ketentuan kuorum mengenai
                                                           kehadiran dan tidak berhak untuk mengambil keputusan-
                                                           keputusan yang sah dan mengikat mengenai hal-hal yang
                                                           disebutkan dalam Mata Acara Rapat.



150    Bakrieland Laporan Tahunan 2023
Page 153
Analisis dan Pembahasan Manajemen             Laporan Tata Kelola Perusahaan       Tanggung Jawab Sosial Perusahaan Terintegrasi/Laporan Keberlanjutan
Management Discussion and Analysis             Corporate Governance Report             Integrated Corporate Social Responsibility/Sustainability Report




                 Mata Acara                                          Keputusan                                                Realisasi
  No
                  Agenda                                             Resolution                                              Realization
   1    Approval of the accountability     Oleh karenanya akan diadakan pemanggilan rapat kedua yang             The Second Meeting of the
        report of the Board of Directors   mana waktu dan pemanggilannya akan ditentukan selanjutnya             Annual General Meeting of
        on the Company’s operations        dengan memperhatikan ketentuan Anggaran Dasar Perseroan,              Shareholders was conducted on
        for the fiscal year which ended    UUPT, dan Peraturan OJK Nomor 15 Tahun 2020.                          8 November 2023.
        on 31 December 2022.
                                           In accordance with the provisions of Article 86 paragraph (1) of
                                           Law No. 40 of Year 2007 (subsequently referred to as “UUPT”),
                                           Article 41 paragraph (1) point a of OJK Regulation No. 15 of
                                           Year 2020, and Article 11 paragraph (2) point a of the Company’s
                                           Articles of Association, the Meeting is valid and binding only
                                           if attended by the shareholders and/or their proxies which
                                           represent more than ½ (half) of the total shares issued by the
                                           Company.

                                           The number of shares attended by legitimate shareholders and/
                                           or their proxies at the Meeting totaled 2,284,482,936 shares
                                           or equal to 5.25% of the total shares issued by the Company,
                                           therefore the Meeting was declared not in compliance with
                                           the quorum requirements regarding attendance and was not
                                           entitled to make legal and binding decisions regarding matters
                                           stated in the Meeting Agenda.

                                           For this reason, a second meeting was to be held, of which
                                           the time and invitation will be subsequently determined with
                                           consideration of the provisions setforth in the Company’s Aricles
                                           of Association, UUPT, and OJK Regulation No. 15 of Year 2020.
   2    Persetujuan dan pengesahan
        atas Laporan Posisi Keuangan
        dan Laporan Laba (Rugi) dan
        Penghasilan Komprehensif Lain
        Perseroan untuk tahun buku
        yang berakhir pada tanggal
        31 Desember 2022.
        Approval and ratification of the
        Financial Position Statements
        and Profit-Loss Statements
        and Other Comprehensive
        Income of the Company for
        the fiscal year which ended on
        31 December 2022.
   3    Persetujuan         penunjukkan
        Kantor       Akuntan      Publik
        Independen untuk melakukan
        audit atas buku Perseroan
        untuk tahun buku 2023.
        Approval on the appointment
        of an independent Public
        Accounting Firm to conduct the
        audit of the Company’s books
        for fiscal year 2023.



Sehubungan dengan tidak terpenuhinya kuorum pada                          In   connection     with    the      fulfillment     of   the    quorum
RUPS Tahunan Pertama pada 23 Oktober 2023, Perseroan                      requirements at the First Annual GMS on 23 October 2023,
menyelenggarakan RUPST kedua pada tanggal 8 November                      the Company held the Second AGMS on 8 November 2023
2023 (pukul 11.15-12.33 WIB), bertempat di The Bridge Function            (at 11:15-12:33 WIB), located at The Bridge Function Room
Room – Hotel Horison Suites & Residences Rasuna Jakarta,                  – Horison Suites & Residences Rasuna Hotel Jakarta, Rasuna
Kawasan Rasuna Epicentrum, Jl. H.R. Rasuna Said – Jakarta                 Epicentrum Area, Jl. H.R. Rasuna Said – South Jakarta.
Selatan.




                                                                                                               2023 Annual Report Bakrieland         151
Page 154
            Kilas Kinerja                                  Profil Perusahaan                     Laporan Manajemen                Unit Pendukung Bisnis
       Performance Highlights                               Corporate Profile                    Management Report                 Business Support Unit




      Kehadiran Dewan Komisaris dan Direksi                                               Attendance of the Board of Commissioners and
                                                                                          the Board of Directors
                                                                              Dewan Komisaris
                                                                            Board of Commissioners
       Bambang Irawan Hendradi                                 Presiden Komisaris
                                                               President Commissioner
       Armansyah Yamin                                         Komisaris
                                                               Commissioner
       Kanaka Puradiredja                                      Komisaris Independen
                                                               Independent Commissioner
                                                                                     Direksi
                                                                                Board of Directors
       Ambono Janurianto                                       Presiden Direktur
                                                               President Director
       Fandrizal                                               Direktur
                                                               Director
       Djafarullah                                             Direktur
                                                               Director



      Pihak Independen untuk Perhitungan Suara                                            Independent Party to Vote Count at the 2023
      dalam RUPST 2023                                                                    AGMS
      Pada pelaksanaan RUPS Tahunan yang diselenggarakan tanggal                          Vote counting at the 2023 AGMS, held on 8 November 2023,
      8 November 2023, Perseroan menggunakan pihak independen                             was carried out by an independent party, namely the Notary
      untuk melakukan perhitungan suara, yaitu Kantor Notaris Aulia                       Office of Aulia Taufani, S.H.
      Taufani, S.H.


      Kehadiran Pemegang Saham atau Kuasanya                                              Attendance of the Shareholders or Their Proxies
      Sebanyak 14.764.595.364 saham (33,92%) dari seluruh saham                           As many as 14,764,595,364 shares (33.92%) of the total
      yang telah ditempatkan dan disetor penuh hingga saat Rapat                          43,521,913,019 were placed and fully paid shares until the
      yaitu sebanyak 43.521.913.019 saham.                                                implementation of the Meeting.


      Hasil Keputusan RUPST 2023                                                          Resolutions of the 2023 AGMS
                          Mata Acara                                                   Keputusan                                      Realisasi
       No
                           Agenda                                                      Resolution                                    Realization
        1     Pe r s e t u j u a n a t a s l a p o r a n   Menyetujui laporan pertanggungjawaban Direksi tentang             Penyampaian          Laporan
              pertanggungjawaban Direksi                   jalannya Perseroan untuk tahun buku yang berakhir pada tanggal    Keuangan Tahunan 2022 pada
              tentang jalannya Perseroan untuk             31 Desember 2022.                                                 tanggal 13 September 2023
              tahun buku yang berakhir pada                Approved the accountability report of the Board of Directors on   berdasarkan      penyampaian
              tanggal 31 Desember 2022.                    the Company’s operations for the fiscal year which ended on 31    surat kepada OJK No.: 056/
              Approval of the accountability               December 2022.                                                    SKL/BLD-CORSEC-LEGAL/
              report of the Board of Directors                                                                               HN/IX/2023
              on the Company’s operations                                                                                    Submission of the 2022
              for the fiscal year which ended                                                                                Annual Financial Statements
              on 31 December 2022                                                                                            on 13 September 2023 based
                                                                                                                             on the letter to OJK No. 056/
                                                                                                                             SKL/BLD-CORSEC-LEGAL/HN/
                                                                                                                             IX/2023.




152    Bakrieland Laporan Tahunan 2023
Page 155
Analisis dan Pembahasan Manajemen             Laporan Tata Kelola Perusahaan        Tanggung Jawab Sosial Perusahaan Terintegrasi/Laporan Keberlanjutan
Management Discussion and Analysis             Corporate Governance Report              Integrated Corporate Social Responsibility/Sustainability Report




                 Mata Acara                                            Keputusan                                            Realisasi
  No
                  Agenda                                               Resolution                                          Realization
   2    Persetujuan dan pengesahan         Menyetujui dan mengesahkan atas Laporan Posisi Keuangan dan             Penyampaian          Laporan
        atas Laporan Posisi Keuangan       Laporan Laba Rugi dan Penghasilan Komprehensif Lain Perseroan           Keuangan Tahunan 2020 pada
        dan Laporan Laba Rugi dan          untuk tahun buku yang berakhir pada tanggal 31 Desember                 tanggal 13 September 2023
        Penghasilan Komprehensif Lain      2022 serta memberikan pembebasan dan pelunasan tanggung                 berdasarkan      penyampaian
        Perseroan untuk tahun buku         jawab sepenuhnya (acquit at de charge) kepada anggota Direksi           surat kepada OJK No.: 056/
        yang berakhir pada tanggal         Perseroan atas tindakan pengurusan dan kepada anggota                   SKL/BLD-CORSEC-LEGAL/
        31 Desember 2022.                  Dewan Komisaris Perseroan atas tindakan pengawasan yang                 HN/IX/2023
        Approval and ratification of the   telah dilakukan dalam tahun buku yang berakhir pada tanggal 31          Submission of the 2020
        Financial Position Statements      Desember 2022, sepanjang tindakan-tindakan tersebut tercermin           Annual Financial Statements
        and Profi-Loss Statements          dalam Laporan Tahunan Perseroan tahun buku yang berakhir pada           on 13 September 2023 based
        and Other Comprehensive            tanggal 31 Desember 2022.                                               on the letter to OJK No. 056/
        Income of the Company for          Approved and ratified the Financial Position Statements and the         SKL/BLD-CORSEC-LEGAL/HN/
        the fiscal year which ended on     Profit- Loss Statements and Other Comprehensive Income of the           IX/2023
        31 December 2022.                  Company for the fiscal year which ended on 31 December 2022 and
                                           granted full release and discharge of responsibility (volledig acquit
                                           et de charge) to members of the Board of Directors of the Company
                                           for their management actions and to members of the Company’s
                                           Board of Commissioners for the supervisory actions carried out in
                                           the fiscal year that ended on 31 December 2022, as long as these
                                           actions are reflected in the Company’s Annual Report for the fiscal
                                           year that ended on 31 December 2022.
   3    Persetujuan         penunjukkan    Menyetujui pemberian wewenang kepada Dewan Komisaris                    Penunjukan Kantor Akuntan
        Kantor       Akuntan      Publik   atas usulan Komite Audit untuk menunjuk dan mengangkat                  Publik Y. Santosa Dan Rekan
        Independen untuk melakukan         Kantor Akuntan Publik Independen yang terdaftar di Otoritas             berdasarkan     penyampaian
        audit atas                         Jasa Keuangan yang akan melakukan audit Laporan Keuangan                surat kepada OJK No.: 104/
        buku Perseroan untuk tahun         Perseroan untuk tahun buku yang berakhir pada tanggal 31                SKL/BLD-CORSEC-LEGAL/
        buku 2023.                         Desember 2023 dan periode-periode lainnya dalam tahun buku              HN/XII/2023 tanggal 15
        Approval on the appointment        2023 serta memberikan wewenang dan kuasa sepenuhnya                     Desember 2023
        of an Independent Public           kepada Direksi Perseroan untuk menetapkan honorarium serta              The appointment of Public
        Accounting Firm to conduct the     persyaratan-persyaratan lain penunjukannya dan menunjuk                 Accounting Firm Y. Santosa
        audit of the Company’s books       Akuntan Publik dan/atau Kantor Akuntan Publik pengganti                 and Partner based on letter
        for fiscal year 2023.              dan menetapkan kondisi dan persyaratan penunjukannya jika               to OJK No. 104/SKL/BLD-
                                           Akuntan Publik dan/atau Kantor Akuntan Publik yang telah                CORSEC-LEGAL/HN/XII/2023
                                           ditunjuk tersebut tidak dapat melaksanakan atau melanjutkan             dated 15 Descmber 2023
                                           tugasnya karena sebab apapun, termasuk alasan hukum dan
                                           peraturan perundang-undangan di bidang pasar modal atau tidak
                                           tercapai kesepakatan mengenai besaran honorarium audit.dan
                                           pengangkatan Akuntan Publik Independen tersebut.
                                           Approved the granting of authority to the Board of Commissioners
                                           on the Audit Committee’s proposal to appoint and assign an
                                           Indpendent Public Accounting Firm registered with the Financial
                                           Services Authority that will audit the Company’s Financial
                                           Statements for the fiscal year that ended on 31 December 2023
                                           and other periods in the 2023 fiscal year as well as providing
                                           authority and power to the Board of Directors of the Company to
                                           determine the honorarium and other terms of appointment and to
                                           appoint a substitute Public Accountant and/or Public Accounting
                                           Firm and to determine the conditions and requirements for their
                                           appointment if the appointed Publilc Accountant cannot carry out
                                           or continue their duties for any reason, including legal reasons and
                                           statutory regulations in the capital market sector or an agreement
                                           is not reached regarding the amount of the audit fee and the
                                           appointment of the said independent Public Accountant.


RUPS yang Diselenggarakan pada Tahun                                      GMS Held Prior to the 2022 Annual GMS
Sebelumnya RUPS Tahunan 2022
Pada 2022, Perseroan menyelenggarakan 3 (tiga) RUPST pada                 In 2022, the Company held 3 (three) AGMS on 21 July 2022,
21 Juli 2022, 19 Oktober 2022, dan 31 Oktober 2022. Seluruh               19 October 2022, and 31 October 2022. All resolutions of the
hasil keputusan RUPST 2022 telah direalisasikan sepenuhnya                2022 AGMS were fully realized in the year 2022. The Company
di tahun 2022. Perseroan juga telah mempublikasikan Surat                 also published Notification Letter on the implementation of
Pemberitahuan tentang penyelenggaraan RUPS tersebut melalui               such AGMS through the print media and the Company website
media cetak dan situs web Perseroan www.Bakrieland.com.                   www.Bakrieland.com.




                                                                                                               2023 Annual Report Bakrieland          153
Page 156
            Kilas Kinerja                      Profil Perusahaan                  Laporan Manajemen                   Unit Pendukung Bisnis
       Performance Highlights                   Corporate Profile                 Management Report                    Business Support Unit




      DEWAN KOMISARIS                                                       BOARD OF COMMISSIONERS

      Dewan Komisaris merupakan salah satu organ utama dalam                The Board of Commissioners is one of the main organs in the
      struktur Tata Kelola Perseroan yang menjalankan fungsi                Company’s Governance structure that carries out the supervisory
      pengawasan secara umum dan/atau khusus sesuai dalam batasan           function in general and/or in specific in accordance with the
      Anggaran Dasar Perseroan, serta bertugas memberi nasihat              limitations setforth in the Company’s Articles of Association, as
      kepada Direksi atas kebijakan Direksi dan jalannya kegiatan           well as being assigned to provide advice to the Board of Directors
      pengurusan Perseroan pada umumnya.                                    on the policies of the Board of Directors and on the management
                                                                            of the Company in general.


      Komposisi dan Masa Jabatan Dewan                                      Composition and Term of Office of the Board
      Komisaris                                                             of Commissioners
      Komposisi Dewan Komisaris Perseroan terdiri dari 3 (tiga) anggota,    The composition of the Board of Commissioners of the Company
      yaitu 1 (satu) Presiden Komisaris, 1 (satu) Komisaris, dan 1 (satu)   consists of 3 (three) members, namely 1 (one) President
      Komisaris Independen. Pengangkatan anggota Dewan Komisaris            Commissioner, 1 (one) Commissioner, and 1 (one) Independent
      dilakukan melalui mekanisme RUPS berdasarkan rekomendasi              Commissioner. The appointment of members of the Board of
      dan seleksi oleh Komite Nominasi dan Remunerasi.                      Commisioners is carried out through the GMS mechanism based
                                                                            on the recommendation and selection by the Nomination and
                                                                            Remuneration Committee.


      Periode jabatan masing-masing anggota Dewan Komisaris adalah          The term of office of each of the members of the Board of
      3 (tiga) tahun dan dapat diangkat kembali sesuai keputusan            Commissioners is 3 (three) years and may be reappointed in
      RUPS. Jabatan anggota Dewan Komisaris akan berakhir apabila           accordance with the resolutions of the GMS. The position of
      mengundurkan diri, tidak lagi memenuhi persyaratan, meninggal         members of the Board of Commissioners ends upon resignation,
      dunia, atau diberhentikan berdasarkan keputusan RUPS.                 when no longer in compliance with requirements, passing away,
                                                                            or dismissal based on GMS resolutions.


      Susunan Dewan Komisaris per 31 Desember 2023 adalah sebagai           The composition of the Board of Commissioners as of
      berikut:                                                              31 December 2023 is as follows:

                                Nama                                        Jabatan                                  Periode Jabatan
         No
                                Name                                        Position                                  Term of Office
          1       Bambang Irawan Hendradi          Presiden Komisaris                                         2022 – Realisasi RUPS 2025
                                                   President Commissioner                                     2022 – GMS 2025 realization
          2       Armansyah Yamin                  Komisaris                                                  2022 – Realisasi RUPS 2025
                                                   Commissioner                                               2022 – GMS 2025 realization
          3       Kanaka Puradiredja               Komisaris Independen                                       2022 – Realisasi RUPS 2025
                                                   Independent Commissioner                                   2022 – GMS 2025 realization



      Tugas dan Tanggung Jawab                                              Duties and Responsibilities
      Dewan Komisaris mengemban tugas dan tanggung jawab secara             The Board of Commissioners carries out its duties and
      kolegial dalam mengawasi kegiatan operasional yang dikelola           responsibilities collegially in supervising operational activities
      oleh Direksi. Sebagai bagian dari pelaksanaan fungsi pengawasan,      managed by the Board of Directors. As part of its supervisory
      Dewan Komisaris juga memberikan saran serta nasihat kepada            function, the Board of Commissioners also provides suggestions
      Direksi sesuai dengan ketentuan yang ditetapkan dalam Anggaran        and advice to the Board of Directors in accordance with the
      Dasar, Keputusan RUPS Perseroan, peraturan dan undang-undang          provisions setforth in the Articles of Association, Company
      yang berlaku. Uraian lengkap mengenai tugas dan tanggung jawab        GMS Resolutions, applicable laws and regulations. A complete
      Dewan Komisaris diatur dalam Pedoman Dewan Komisaris dan              description of the duties and responsibilities of the Board of
      Direksi (Board Manual) yang dapat diakses pada situs web https://     Commissioners is contained in the Manual of the Board of
      bakrieland.com/id_gcg/boardmanual.                                    Commissioners and the Board of Directors (Board Manual) which
                                                                            can be accessed on the website https://bakrieland.com/id_gcg/
                                                                            boardmanual.


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Analisis dan Pembahasan Manajemen             Laporan Tata Kelola Perusahaan        Tanggung Jawab Sosial Perusahaan Terintegrasi/Laporan Keberlanjutan
Management Discussion and Analysis             Corporate Governance Report              Integrated Corporate Social Responsibility/Sustainability Report




Rapat Dewan Komisaris                                                    Meetings of the Board of Commissioners

Kebijakan Rapat                                                          Meeting Policy
Sesuai dengan ketentuan POJK No. 33/POJK.04/2014 (“POJK                  In accordance with the provisions of POJK No. 33/POJK.04/2014
33/2014”) tentang Direksi dan Dewan Komisaris Emiten                     (“POJK 33/2014”) regarding the Board of Directors and the
atau Perusahaan Publik menyatakan, Dewan Komisaris wajib                 Board of Commissioners of Issuers or Public Companies, it is
mengadakan rapat secara berkala sekurang-kurangnya 1 (satu)              stated that the Board of Commissioners is obligated to hold its
kali dalam 2 (dua) bulan. Di luar itu, Dewan Komisaris juga              periodic meetings at least 1 (one) time within 2 (two) months.
dapat mengadakan rapat setiap waktu apabila dianggap perlu               In addition, the Board of Commissioners may also hold meetings
oleh seorang atau lebih anggota Dewan Komisaris atau atas                at any given time as deemed necessary by one or more members
permintaan tertulis dari Direksi atau atas permintaan tertulis 1         of the Board of Commissioners or upon a written request of 1
(satu) pemegang saham atau lebih bersama-sama memiliki 1/10              (one) or more shareholders or altogether with 1/10 (one-tenth)
(satu persepuluh) bagian atau lebih dari jumlah seluruh saham            portion or more from the total number of shares placed by the
yang telah ditempatkan oleh Perseroan dengan hak suara yang              Company with legitimate rights to vote by taking into account
sah dengan memperhatikan peraturan yang berlaku di bidang                applicable regulations in the capital market.
pasar modal.


Jumlah Rapat dan Frekuensi Kehadiran                                     Number of Meeting and Frequency of Attendance
Sepanjang tahun 2023, Dewan Komisaris telah menyelenggarakan             Throughout the year 2023, the Board of Commissioners held
6 (enam) kali rapat dengan tingkat kehadiran sebagai berikut:            6 (six) meetings with a level of attendance as follows:

                 Nama                         Jabatan                   Jumlah Rapat              Jumlah Kehadiran         Tingkat Kehadiran
  No
                 Name                         Position                  Total Meeting              Total Attendance         Attendance Rate
   1     Bambang Irawan              Presiden Komisaris                        6                           6                      100%
         Hendradi                    President Commissioner
   2     Armansyah Yamin             Komisaris                                 6                           5                       83%
                                     Commissioner
   3     Kanaka Puradiredja          Komisaris Independen                      6                           5                       83%
                                     Independent Commissioner




               Tanggal Rapat                                                         Agenda Rapat
  No
               Date of Meeting                                                       Meeting Agenda
   1     17 Juli 2023                     Update Agenda Perseroan
         17 July 2023                     Update Company Agenda
   2     6 September 2023                 1. Laporan Keuangan Auditan Tahun Buku 2022
         6 September 2023                 2. Rencana RUPST Tahun Buku 2022
                                          1. Audited Financial Statements of Fiscal Year 2022
                                          2. The AGMS Plan for Fiscal Year 2022
   3     16 Oktober 2023                  Rencana RUPST Tahun Buku 2022
         16 October 2023                  Plans for The AGMS for Fiscal Year 2022
   4     6 November 2023                  Rencana Rapat Kedua RUPST Tahun Buku 2022
         6 November 2023                  Plans for the Second Meeting of the AGMS for Fiscal Year 2022
   5     24 November 2023                 Penunjukan KAP untuk Pelaksanaan Audit Laporan Keuangan Tahunan 2023
         24 November 2023                 Appointment of the KAP for Audit Implementation of 2023 Annual Financial Statements
   6     18 Desember 2023                 Business Plan dan Budget 2024 – 2028
         18 December 2023                 Business Plan and Budget of 2024-2028


Pedoman Dewan Komisaris                                                  Manual of the Board of Commissioners
Untuk meningkatkan kualitas penerapan GCG, Perseroan telah               To enhance the quality of GCG implementation, the Company
menyusun dan mengesahkan Pedoman Dewan melalui Surat                     prepared and ratified the Board Manual through the Decree of
Keputusan Direksi dan Komisaris PT Bakrieland Development Tbk            the Board of Directors and the Board of Commissioners of PT
No. 001/KOM-DIR-PERSEROAN/SK/I/2016 tentang Pengesahan                   Bakrieland Development Tbk No. 001/KOM-DIR-PERSEROAN/
Board Manual. Pedoman Dewan berisi mengenai tata laksana                 SK/I/2016 regarding the Ratification of the Board Manual. The


                                                                                                               2023 Annual Report Bakrieland          155
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            Kilas Kinerja                     Profil Perusahaan                  Laporan Manajemen                      Unit Pendukung Bisnis
       Performance Highlights                  Corporate Profile                 Management Report                       Business Support Unit




      kerja dan ketentuan-ketentuan yang menjadi rujukan bagi Dewan       Board Manual contains work procedures and provisions which
      Komisaris dan Direksi dalam melaksanakan tugas dan tanggung         serve as a reference for the Board of Commissioners and the
      jawabnya. Piagam Dewan Komisaris ditinjau dan diperbarui secara     Board of Directors to carry out their duties and responsibilities.
      berkala jika dianggap perlu. Untuk rincian lebih lanjut tentang     The Board of Commissioners Charter is reviewed and updated
      Pedoman Dewan dapat diakses pada situs web https://bakrieland.      periodically if deemed necessary. Further details on the Board
      com/id_gcg/boardmanual.                                             Manual may be accessed on the website https://bakrieland.com/
                                                                          id_gcg/ boardmanual.


      Sebagaimana diatur dalam Board Manual, hubungan kerja antara        As stipulated in the Board Manual, work relations between the
      Dewan Komisaris dan Direksi dalam melaksanakan tugas dan            Board of Commissioners and the Board of Directors in carrying
      tanggung jawabnya senantiasa menerapkan prinsip-prinsip             out their duties and responsibilities always apply the following
      berikut:                                                            principles:
      1.   Setiap hubungan kerja antara Dewan Komisaris dengan Direksi    1.   Every working relationship between the Board of Commissioners
           merupakan hubungan yang bersifat formal kelembagaan,                and the Board of Directors is characterized as formal institutional,
           dalam arti senantiasa dilandasi oleh suatu mekanisme baku           in the sense that it is always based on a standard mechanism
           atau korespondensi yang dapat dipertanggungjawabkan.                or accountable correspondence.
      2.   Dewan Komisaris melakukan pengawasan atas kebijakan            2.   The Board of Commissioners performs its supervisory duty
           pengurusan, jalannya pengurusan pada umumnya, baik                  on policy management, general management of operations,
           mengenai Perseroan maupun usaha Perseroan, dan memberi              both on the Company as well as the Company’s business,
           nasihat kepada Direksi.                                             and provides advice to the Board of Directors.
      3.   Dewan Komisaris berhak memperoleh informasi Perseroan          3.   The Board of Commissioners has the right to obtain Company
           secara akurat, lengkap dan tepat waktu, dan dapat sewaktu-          information accurately, completely and in on-time basis, and
           waktu meminta informasi Perseroan tersebut kepada Direksi           at any given time requests for such Company information to
           dan/atau Manajemen.                                                 the Board of Directors and/or the Management.


      Pelatihan dan Pengembangan Kompetensi                               Training and Competency Development
      Dewan      Komisaris      mengikuti   program    pelatihan   dan    The Board of Commissioners joins training and competency
      pengembangan kompetensi atas inisiatif pribadi di luar lingkungan   development programs on personal initiative outside of the
      Perseroan.                                                          Company.


      Program Orientasi Bagi Komisaris Baru                               Orientation Program For New Commissioners
      Perseroan memiliki program orientasi bagi Dewan Komisaris yang      The Company retains an orientation program for new members
      baru menjabat dengan tujuan untuk memberikan pengetahuan            of the Board of Commissioners with the objective of providing
      lebih kepada Komisaris baru terkait organisasi dan operasional      more knowledge to the new members concerning the Company’s
      Perseroan khususnya terkait bidang tugas pengawasan yang            organization and operations, specifically regarding the fields of
      diberikan kepada Komisaris tersebut sehingga Dewan Komisaris        supervisory duties assigned to the concerned Commissioners
      dapat bekerja selaras dengan organ Perseroan yang lain. Pada        so that the Board of Commissioners can work in harmony with
      tahun 2023, Perseroan tidak menyelenggarakan program ini            other organs of the Company. In the year 2023, the Company
      dikarenakan komposisi Dewan Komisaris tidak mengalami               did not conduct this program as the composition of the Board
      perubahan dari tahun sebelumnya.                                    of Commissioners remained the same as the previous year.


      Penilaian Komite Di Bawah Dewan Komisaris                           Assessment of Committees Under the Board
                                                                          of Commissioners
      Dalam rangka meningkatkan efektivitas pelaksanaan tugas             In the context of improving the effectiveness of implementing
      dan tanggung jawab dalam menjalankan fungsi pengawasan,             duties and responsibilities in carrying out its supervisory function,
      Dewan Komisaris telah membentuk 2 (dua) komite pendukung            the Board of Commissioners established 2 (two) supporting
      di bawahnya, yaitu Komite Audit, serta Komite Nominasi dan          committees, namely the Audit Committee and the Nomination
      Remunerasi.                                                         and Remuneration Committee.




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Analisis dan Pembahasan Manajemen           Laporan Tata Kelola Perusahaan      Tanggung Jawab Sosial Perusahaan Terintegrasi/Laporan Keberlanjutan
Management Discussion and Analysis           Corporate Governance Report            Integrated Corporate Social Responsibility/Sustainability Report




Dalam memberikan penilaian kinerja terhadap masing-masing             In assessing the performance of each of the supporting
komite pendukung, Dewan Komisaris telah menetapkan kriteria           committees, the Board of Commissioners sets the assessment
penilaian yang digunakan sebagai acuan, antara lain:                  criteria used as references, among others including the following:
1.   Tingkat kehadiran setiap anggota baik dalam rapat internal       1.     Rate of attendance of each member, both in committee
     komite maupun rapat gabungan bersama Dewan Komisaris;                   internal meetings as well as in joint meetings with the Board
                                                                             of Commissioners;
2.   Dukungan komite-komite terhadap implementasi Tata Kelola         2.     The support of committees on Corporate Governance
     Perusahaan;                                                             implementation;
3.   Efisiensi dan efektivitas kegiatan pelaporan;                    3.     Efficiency and effectiveness of reporting activities;
4.   Capaian kinerja selama tahun buku; dan                           4.     Performance achievements during the fiscal year; and
5.   Kepatuhan pada peraturan yang berlaku.                           5.     Compliance with applicable regulations.


Selama tahun 2023, Dewan Komisaris menilai bahwa seluruh              Throughout the year 2023, the Board of Commissioners
komite yang berada di bawah Dewan Komisaris, antara lain              assessed that all committees under the Board of Commissioners,
Komite Audit dan Komite Nominasi dan Remunerasi telah bekerja         among others, the Audit Committee and the Nomination
dengan optimal dan profesional sesuai dengan peran, tugas dan         and Remuneration Committee have worked optimally and
tanggung jawabnya.                                                    professionally in line with their roles, duties and responsibilities.


KOMISARIS INDEPENDEN                                                  INDEPENDENT COMMISSIONER

Komisaris Independen adalah anggota Dewan Komisaris yang              An Independent Commissioner is a member of the Board of
tidak memiliki hubungan keuangan, kepengurusan, kepemilikan           Commissioners who does not have relationships in finance,
saham dan/atau hubungan keluarga dengan anggota Dewan                 management, share ownership and/or family ties with members of
Komisaris, anggota Direksi atau pemegang saham pengendali             the Board of Commissioners, members of the Board of Directors
atau dengan perusahaan yang mungkin menghalangi atau                  or controlling shareholders or with companies that may hinder or
menghambat posisinya untuk bertindak independen dan objektif          impede their position to act independently and objectively solely
semata-mata demi kepentingan Perseroan. Komisaris Independen          in the interests of the Company. Independent Commissioner is
bertanggung jawab untuk melakukan pengawasan dan juga                 responsible for carrying out supervision and also to representing
mewakili kepentingan pemegang saham minoritas.                        the interests of minority shareholdlers.


Per 31 Desember 2023, Perseroan memiliki satu Komisaris               As of 31 December 2023, the Company has one Independent
Independen dari total tiga Komisaris (33,33%). Dengan komposisi       Commissioner of the total of three Commissioners (333.33%).
tersebut maka Perseroan telah memenuhi ketentuan peraturan            With such composition, the Company therefore complies with the
UU PT dan POJK No. 33/POJK.04/2014 tentang Direksi dan Dewan          regulatory provisions of UUPT and POJK No. 33/POJK.04/2014
Komisaris Emiten atau Perusahaan Publik, yang mewajibkan              regarding the Board of Directors and the Board of Commissioners
Perseroan sebagai perusahaan publik untuk memiliki Komisaris          of Issuers or Public Companies, which require the Company as a
Independen sekuran-kurangnya 30% (lima puluh persen) dari             public company to retain an Independent Commissioner of at
jumlah anggota Dewan Komisaris yang menjabat.                         least 30% (thirty percent) of the total members of the Board
                                                                      of Commissioners.


Profil Komisaris Independen                                           Profile of Independent Commissioner
Perseroan mengangkat Bapak Kanaka Puradiredja sebagai                 The Company appointed Kanaka Puradiredja as Independent
Komisaris Independen Perseroan dalam periode jabatan sejak            Commissioner of the Company for the period since the year
2022 hingga 2025. Profil beliau telah tersajikan dalam bab Profil     2022 until 2025. His profile is presented in the section on Board
Dewan Komisaris.                                                      of Commissioners Profile.




                                                                                                          2023 Annual Report Bakrieland           157
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            Kilas Kinerja                     Profil Perusahaan                   Laporan Manajemen                    Unit Pendukung Bisnis
       Performance Highlights                  Corporate Profile                  Management Report                     Business Support Unit




      Kriteria Pengangkatan                                                Criteria of Appointment
      Komisaris Independen Perseroan dipastikan telah memenuhi             The Company’s Independent Commissioner is assured of fulfilling
      ketentuan sebagai anggota Dewan Komisaris sebagai berikut:           the provisions as a member of the Board of Commissioners as
                                                                           follows:
      1.   Berasal dari luar Perseroan.                                    1.   From outside of the Company.
      2.   Tidak mempunyai saham, baik langsung maupun tidak               2.   No direct or indirect ownership of the Company shares.
           langsung, pada Perseroan.
      3.   Tidak mempunyai hubungan afiliasi dengan Perseroan,             3.   No affiliation with the Company, the Board of Commissioners,
           Dewan Komisaris, Direksi atau Pemegang Saham Utama/                  the Board of Directors or Major/Controlling Shareholders
           Pengendali Perseroan.                                                of the Company
      4.   Tidak memiliki hubungan usaha baik langsung maupun tidak        4.   No direct or indirect business affiliation related to the
           langsung yang berkaitan dengan kegiatan usaha Perseroan.             Company’s business activities.
      5.   Tidak menjabat sebagai Direksi di Perseroan yang terafiliasi    5.   Not concurrently serving as a member of the Board of
           dengan Perseroan.                                                    Directors in a company that is affiliated with the Company.
      6.   Memahami peraturan perundang-undangan di bidang Pasar           6.   Understands the laws and regulations in the Capital Market.
           Modal.
      7.   Tidak bekerja di Perseroan atau afiliasinya dalam kurun waktu   7.   Not working in the Company or its affiliations within the
           enam bulan terakhir.                                                 last six months.
      8.   Tidak mempunyai keterkaitan finansial, baik langsung maupun     8.   No direct or indirect financial ties with the Company or
           tidak langsung dengan Perseroan atau Perseroan lain yang             other companies that provide services and products to the
           menyediakan jasa dan produk kepada Perseroan dan afiliasinya.        Company and its affiliates.
      9.   Bebas dari kepentingan dan aktivitas bisnis atau hubungan       9.   Free from business interests and activities or other relations
           lain yang dapat menghalangi atau mengganggu kemampuan                that may hinder or interfere with the ability of the Independent
           Komisaris Independen untuk bertindak atau berpikir secara            Commissioner to act or think independently within the scope
           bebas di lingkup Perseroan.                                          of the Company.
      10. Jumlah Komisaris Independen harus dapat menjamin agar            10. The number of Independent Commissioners must be able
           mekanisme pengawasan berjalan efektif dan sesuai dengan              to ensure the supervisory mechanism runs effectively and
           peraturan perundang-undangan. Salah satu dari Komisaris              in accordance with the laws and regulations. One of the
           Independen harus mempunyai latar belakang akuntansi atau             Independent Commissioners must have background expertise
           keuangan.                                                            in accounting or finance.
      11. Pemilihan Komisaris Independen harus memperhatikan               11. The selection of Independent Commissioners must take into
           pendapat pemegang saham minoritas yang dapat disalurkan              account the opinions of minority shareholders that may be
           melalui Komite Nominasi dan Remunerasi.                              shared through the Nomination and Remuneration Committee.


      Pernyataan Independensi                                              Statement of Independency
      Komisaris Independen Perseroan tidak memiliki hubungan afiliasi      The Company’s Independent Commissioner is not affiliated with
      dengan anggota Direksi, antar sesama anggota Dewan Komisaris,        members of the Board of Directors, other members of the Board
      dan Pemegang Saham Pengendali. Hal ini dinyatakan melalui            of Commissioners, and the Controlling Shareholders. This is
      Surat Pernyataan Tidak Memiliki Benturan Kepentingan yang            stated through the Statement Letter of Not Having Conflict of
      telah ditandatangani oleh Dewan Komisaris untuk masa jabatan         Interest which was signed by the Board of Commissioners for the
      tahun 2023. Surat tersebut berisi pernyataan, termasuk namun         2023 term of office. The letter contains statements, including
      tidak terbatas pada:                                                 but not limited to the following:
      1.   Tidak menerima atau memberikan suatu hal dalam bentuk apapun    1.   Not receiving or giving any form of item from or to other
           kepada pihak lain yang dapat mempengaruhi independensi.              parties that may affect independence.
      2.   Tidak ikut serta dalam proses pengambilan keputusan yang        2.   Not taking part in any decision-making process that contains
           mengandung unsur benturan kepentingan oleh pemegang                  elements of conflict of interest by the Company’s independent
           saham independen Perseroan.                                          shareholders.
      3.   Mendahulukan kepentingan ekonomis Perseroan di atas             3.   Put first the economic interests of the Company above
           kepentingan ekonomis pribadi, keluarga, dan pihak lainnya.           personal, family and other parties’ interests.




158    Bakrieland Laporan Tahunan 2023
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Analisis dan Pembahasan Manajemen           Laporan Tata Kelola Perusahaan    Tanggung Jawab Sosial Perusahaan Terintegrasi/Laporan Keberlanjutan
Management Discussion and Analysis           Corporate Governance Report          Integrated Corporate Social Responsibility/Sustainability Report




DIREKSI                                                               BOARD OF DIRECTORS

Sebagai salah satu organ utama Perseroan, Direksi bertanggung         As one of the Company’s main organs, the Board of Directors is
jawab untuk menjalankan pengurusan Perseroan sesuai dengan            responsible for carrying out the duties of managing the Company
kepentingan serta maksud dan tujuan Perseroan. Pelaksanaan            in line with the interests as well as the purposes and objectives
tugas tersebut mencakup penetapan dan pengelolaan arah                of the Company. Implementation of such duties includes the
strategis Perseroan, menjaga aset Perseroan serta berwenang           establishment and management of the Company’s strategic
mewakili Perseroan baik di dalam maupun di luar pengadilan.           direction, management of the Company’s assets as well as the
Setiap anggota Direksi bertanggung jawab penuh baik secara            authority to represent the Company both inside and outside
pribadi maupun bersama atas kerugian Perseroan apabila yang           of the court. Each member of the Board of Directors is fully
bersangkutan terbukti tidak mematuhi Peraturan Perseroan atau         responsible both personally and collegially of the Company’s
peraturan perundangan yang berlaku.                                   loss if its proven not complying with Company Regulations or
                                                                      applicable laws and regulations.


Komposisi dan Masa Jabatan Direksi                                    Composition and Term of Office of the Board
                                                                      of Directors
Komposisi Direksi Perseroan terdiri dari 3 (tiga) anggota, yaitu      The composition of the Company’s Board of Directors consists
1 (satu) Presiden Direktur dan 2 (dua) Direktur. Pengangkatan         of 3 (three) members, namely 1 (one) President Director and
anggota Direksi dilakukan melalui mekanisme RUPS berdasarkan          2 (two) Directors. The appointment of members of the Board
rekomendasi dan seleksi oleh Komite Nominasi dan Remunerasi.          of Directors is conducted through the GMS mechanism based
                                                                      on recommendation and selection by the Nomination and
                                                                      Remuneration Committee


Periode jabatan masing-masing anggota Direksi adalah 3 (tiga)         The term of office of each member of the Board of Directors is
tahun dan dapat diangkat kembali sesuai keputusan RUPS.               3 (three) years and may be reappointed according to the GMS
Jabatan anggota Direksi akan berakhir apabila mengundurkan            resolution. The positions of members of the Board of Directors
diri, tidak lagi memenuhi persyaratan, meninggal dunia, atau          end upon resignation, when they no longer meet the requiremets,
diberhentikan berdasarkan keputusan RUPS.                             pass away, or are terminated based on GMS resolution.


Susunan Direksi per 31 Desember 2023 adalah sebagai berikut:          The composition of the Board of Directors as of 31 December
                                                                      2023 is as follows:

                    Nama                            Jabatan                                        Periode Jabatan
  No
                    Name                            Position                                        Term of Office
   1    Ambono Janurianto            Presiden Direktur                         2022 – Realisasi RUPS 2025
                                     President Director                        2022 – GMS 2025 realization
   2    Fandrizal                    Direktur                                  2022 – Realisasi RUPS 2025
                                     Director                                  2022 – GMS 2025 realization
   3    Djafarullah                  Direktur                                  2022 – Realisasi RUPS 2025
                                     Director                                  2022 – GMS 2025 realization



Tugas dan Tanggung Jawab                                              Duties and responsibilities
Sebagaimana diatur dalam Pedoman Dewan dan Anggaran                   As stipulated in the Company’s Board Manual and the Articles
Dasar Perseroan, lingkup tugas dan tanggung jawab Direksi             of Association, the scope of duties and responsibilities of the
Perseroan mencakup penerapan sistem pengendalian internal,            Company’s Board of Directors covers the implementation of the
sistem manajemen risiko, pelaksanaan fungsi audit internal, dan       internal control system, risk management system, implementation
pengambilan tindakan berdasarkan temuan-temuan Corporate              of the internal audit function, and actions taken based on
Internal Audit sesuai dengan arahan Dewan Komisaris. Uraian           Corporate Internal Audit findings in line with the directives of
lengkap mengenai tugas dan tanggung jawab Direksi diatur              the Board of Commissioners. A complete description of the
dalam Pedoman Dewan Komisaris dan Direksi (Board Manual)              duties and responsibilities of the Board of Directors is stipulated
yang dapat diakses pada situs web https://bakrieland.com/id_gcg/      in the Manual of the Board of Commissioners and the Board of
boardmanual.                                                          Directors (Board Manual) that can be accessed on the website
                                                                      https://bakrieland.com/id_gcg/ boardmanual.
                                                                                                        2023 Annual Report Bakrieland           159
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            Kilas Kinerja                     Profil Perusahaan                       Laporan Manajemen                Unit Pendukung Bisnis
       Performance Highlights                  Corporate Profile                      Management Report                 Business Support Unit




      Agar pelaksanaan tugas dan tangung jawab Direksi dapat berjalan         For the implementation of the duties and responsibilities of
      efektif, Perseroan telah melakukan pembagian tugas yang jelas           the Board of Directors to run effectively, the Company carried
      dan transparan terhadap masing-masing Direktur               dengan     out a clear and transparent division of duties for each Director
      mempertimbangkan pengalaman profesional dan latar belakang              taking into account their respective professional experience and
      keahlian masing-masing, yaitu sebagai berikut:                          background expertise, namely as follows:

                  Jabatan                                                        Ruang Lingkup Tugas
                  Position                                                          Scope of Duties
       Presiden Direktur               Bertanggung jawab terhadap seluruh kegiatan operasional
       President Director              Responsible for all operational activities
       Direktur                        Bertanggung jawab atas bidang keuangan dan corporate affairs
       Director                        Responsible for finance and corporate affairs
       Direktur                        Bertanggung jawab atas bidang corporate strategy, development dan TI
       Director                        Responsible for corporate strategy, development and IT



      Rapat Direksi                                                           Meetings of the Board of Directors

      Kebijakan Rapat                                                         Meeting Policy
      Mengacu pada ketentuan POJK No. 33/POJK.04/2014 (“POJK                  Referring to the provisions of POJK No. 33/POJK.04/2014 (“POJK
      33/2014”) tentang Direksi dan Dewan Komisaris Emiten atau               33/2014”) regarding the Board of Directors and the Board of
      Perusahaan Publik menyatakan, Direksi wajib mengadakan rapat            Commissioners of Issuers or Public Companies which states that
      secara berkala sekurang-kurangnya 1 (satu) kali setiap bulan. Di        the Board of Directors is obligated to hold periodic meetings at
      luar itu, Direksi juga dapat mengadakan rapat sewaktu-waktu             least 1 (one) time every month. Outside from that, the Board
      apabila dianggap perlu oleh seorang atau lebih anggota Dewan            of Directors may also hold meetings at any given time when
      Komisaris atau atas permintaan tertulis dari Direksi atau atas          deemed necessary by one or more members of the Board of
      permintaan tertulis 1 (satu) pemegang saham atau lebih bersama-         Commissioners or upon a written request from the Board of
      sama memiliki 1/10 (satu persepuluh) bagian atau lebih dari             Directors or a written request from 1 (one) or more shareholders
      jumlah seluruh saham yang telah ditempatkan oleh Perseroan              assigned by the Board of Commissioners with legitimate voting
      dengan hak suara yang sah dengan memperhatikan peraturan                rights and with consideration of the appliable regulations in the
      yang berlaku di bidang pasar modal.                                     capital market.


      Jumlah Rapat dan Frekuensi Kehadiran                                    Number of Meeting and Frequency of
                                                                              Attendance
      Sepanjang tahun 2023, Direksi telah menyelenggarakan 12 (dua            Throughout the year 2023, the Board of Directors held 12 (twelve)
      belas) kali rapat dengan tingkat kehadiran sebagai berikut:             meetings with a level of attendance as follows:

                          Nama                     Jabatan                  Jumlah Rapat          Jumlah Kehadiran       Tingkat Kehadiran
       No
                          Name                     Position                 Total Meeting          Total Attendance       Attendance Rate
        1     Ambono Janurianto         Presiden Direktur                        12                       12                    100%
                                        President Director
        2     Fandrizal                 Direktur                                 12                       12                    100%
                                        Director
        3     Djafarullah               Direktur                                 12                       12                    100%
                                        Director



                     Tanggal Rapat                                                      Agenda Rapat
       No
                     Date of Meeting                                                    Meeting Agenda
        1     Januari 2023                    1. Rencana Proyek PT Bahana Sukma Sejahtera
              January 2023                    2. Perkembangan Proyek Perumahan Bumi Tirta Pakuan
                                              1. PT Bahana Sukma Sejahtera Business Plan
                                              2. Bumi Tirta Pakuan Housing Project Update
        2     27 Januari 2023                 Rencana Kerja Sama Dengan PT Nimo Kreasindo Utama
              27 January 2023                 Cooperations Plans with PT Nimo Kreasindo Utama
        3     3 Maret 2023                    Strategi Atas Rencana Lahan PT Bahana Sukma Sejahtera
              3 March 2023                    Strategy for PT Bahana Sukma Sejahtera's Land Plan


160    Bakrieland Laporan Tahunan 2023
Page 163
Analisis dan Pembahasan Manajemen            Laporan Tata Kelola Perusahaan       Tanggung Jawab Sosial Perusahaan Terintegrasi/Laporan Keberlanjutan
Management Discussion and Analysis            Corporate Governance Report             Integrated Corporate Social Responsibility/Sustainability Report




               Tanggal Rapat                                                       Agenda Rapat
  No
               Date of Meeting                                                     Meeting Agenda
   4     8 Maret 2023                    Rencana Nama Merek Untuk Kawasan HGB 6
         8 March 2023                    Brand Names Plan for HGB 6 Area
   5     29 Maret 2023                   Rencana Joint Venture Dengan PT Nimo Kreasindo Utama
         29 March 2023                   Joint Venture Plan with PT Nimo Kreasindo Utama
   6     5 Mei 2023                      Update Agenda Perseroan
         5 May 2023                      Update on Company Agenda
   7     12 Juli 2023                    Update Agenda Perseroan
         12 July 2023                    Update on Company Agenda
   8     24 Juli 2023                    Isu Seputar Laporan Keuangan Auditan Tahun Buku 2021
         24 July 2023                    Issues Around Audited Financial Statements for Fiscal Year 2021
   9     6 September 2023                1. Laporan Keuangan Auditan Tahun Buku 2022
         6 September 2023                2. Rencana RUPST Tahun Buku 2022
                                         1. Audited Financial Statements of Fiscal Yearr 2022
                                         2. Plans for the Annual GMS of Fiscal Yar 2022
  10     13 Oktober 2023                 1. Laporan Keuangan Q1 2023.
         13 October 2023                 2. Rencana RUPST Tahun Buku 2022
                                         1. Q1 2023 Financial Statement
                                         2. Plans for the Annual GMS of Fiscal Year 2022
  11     6 November 2023                 Persiapan PUBEX Tahun 2023
         6 November 2023                 Plans for PUBEX of Year 2023
  12     11 Desember 2023                Persiapan Meeting BOD dan BOC pembahasan Business Plan and Budget 2024 – 2028
         11 December 2023                Preparation for the BOD and BOC Discussion Meeting on 2024-2028 Business Plan and Budget


Rapat Gabungan Direksi dan Dewan                                        Joint Meeting of the Board of Directors and
Komisaris                                                               the Board of Commissioners

Kebijakan Rapat                                                         Meeting Policy
Selain mengadakan rapat internal, Dewan Komisaris juga                  Aside from internal meetings, the Board of Commissioners
menyelenggarakan rapat berkala bersama Direksi untuk                    together with the Board of Directors also meet to discuss
membahas perkembangan kondisi Perseroan termasuk hambatan               developments in the Company’s conditions including obstacles
yang dihadapi baik dari segi pengelolaan operasional maupun             faced both in terms of operational and financial management. In
keuangan. Dalam rapat gabungan tersebut, Dewan Komisaris                the joint meetings, the Board of Commissioners conveyed their
memberikan rekomendasi kepada Direksi terkait permaslaahan              recommendations to the Board of Directors related to problems
yang dihadapi agar proses pencapaian tujuan Perseroan tidak             they face so that the process of achieving the Company’s goals
terhambat. Mengacu pada Pedoman Dewan dan POJK 33/2014,                 is not deterred. Referring to the Board Manual and POJK No.
Dewan Komisaris wajib mengadakan rapat gabungan bersama                 33/2014, the Board of Commissioners is obligated to hold joint
Direksi secara berkala paling kurang 1 (satu) kali dalam 4 (empat)      meetings with the Board of Directors periodically at least 1 (one)
bulan.                                                                  time in 4 (four) months.


Jumlah Rapat dan Frekuensi Kehadiran                                    Number of Meeting and Frequency of Attendance
Sepanjang tahun 2023, Dewan Komisaris dan Direksi telah                 During the year 2023, the Board of Commissioners and the Board
menyelenggarakan 5 ( lima) kali rapat dengan tingkat kehadiran          of Directors held 5 (five) meetings, with the level of attendance
sebagai berikut:                                                        as follows:


                 Nama                      Jabatan                   Jumlah Rapat               Jumlah Kehadiran        Tingkat Kehadiran
  No
                 Name                      Position                  Total Meeting               Total Attendance        Attendance Rate
   1     Bambang Irawan          Presiden Komisaris                           5                        5                       100%
         Hendradi                President Commissioner
   2     Armansyah Yamin         Komisaris / Commissioner                     5                        5                       100%
   3     Kanaka Puradiredja      Komisaris Independen                         5                        5                       100%
                                 Independent Commissioner
   4     Ambono Janurianto       Presiden Direktur                            5                        5                       100%
                                 President Director
   5     Fandrizal               Direktur / Director                          5                        5                       100%
   6     Djafarullah             Direktur / Director                          5                        5                       100%



                                                                                                            2023 Annual Report Bakrieland           161
Page 164
            Kilas Kinerja                         Profil Perusahaan                     Laporan Manajemen                   Unit Pendukung Bisnis
       Performance Highlights                      Corporate Profile                    Management Report                    Business Support Unit




                         Tanggal Rapat                                                     Agenda Rapat
       No
                         Date of Meeting                                                   Meeting Agenda
           1      17 Juli 2023                    Persiapan Rapat Ketiga RUPST Tahun Buku 2021
                  17 July 2023                    Preparation for the Third Meeting of The AGMS for Fiscal Year 2021
           2      5 September 2023                1. Laporan Keuangan Auditan Tahun Buku 2022.
                  5 September 2023                2. Rencana RUPST Tahun Buku 2022
                                                  1. Audited Financial Statements for Fiscal Year 2022
                                                  2. Plans for the AGMS for Fiscal Year 2022
           3      16 Oktober 2023                 Rencana RUPST Tahun Buku 2022
                  16 October 2023                 Plans for the Annual GMS of Fiscal Year 2022
           4      6 November 2023                 Rencana Rapat Kedua RUPST Tahun Buku 2022
                  6 November 2023                 Plans for the Second Meeting of AGMS of Fiscal Year 2022
           5      18 Desember 2023                Business Plan dan Budget 2024 – 2028
                  18 December 2023                2024-2028 Business Plan and Budget


      Pedoman Tata Tertib Kerja Direksi                                          The Board Manual of the Board of Directors
      Perseroan telah memiliki Pedoman Tata Tertib Kerja Direksi                 The Company retains the Guidelines for the Board of Directors’
      yang dituangkan dalam Pedoman Dewan dan telah disahkan                     Work Procedures as contained in the Board Manual, ratified
      melalui Surat Keputusan Direksi dan Komisaris PT Bakrieland                through the Decree of the Board of Directors and the Board
      Development Tbk No. 001/KOM-DIR-PERSEROAN/SK/I/2016                        of Commissioners of PT Bakrieland Development Tbk No. 001/
      tentang Pengesahan Board Manual. Pedoman Dewan tersebut                    KOM-DIR-PERSEROAN/SK/I/2016 regarding Ratification of the
      berisikan aturan kerja bagi Direksi dan Dewan Komisaris yang               Board Manual. The guidelines contain working procedures for
      wajib digunakan sebagai referensi bagi seluruh anggota dalam               the Board of Directors and the Board of Commissioners that must
      melaksanakan tugas, tanggung jawab, dan wewenang masing-                   be used as a reference for all members in carrying out the duties,
      masing organ sesuai ketentuan hukum dan peraturan yang                     responsibilities, and authorities of each organ in accordance
      berlaku, sesuai dengan Anggaran Dasar Perseroan dan selaras                with applicable laws and regulations, the Company’s Articles
      dengan praktik terbaik GCG.                                                of Association and in line with GCG best practices.


      Secara garis besar, Pedoman Dewan Perseroan mengatur hal-hal               In general, the Board Manual regulates the following matters:
      sebagai berikut:
      1.       Setiap Anggota Direksi wajib dengan itikad baik dan penuh         1.   Every member of the Board of Directors is obligated, to good
               tanggung jawab menjalankan tugas untuk kepentingan dan                 intention and full responsibility, to carry out the duties in
               usaha Perseroan.                                                       the interest and business of the Company.
      2.       Tunduk pada ketentuan undang-undang yang berlaku,                 2.   Compliance with the provisions of applicable laws and
               Anggaran Dasar dan keputusan RUPS serta memastikan                     regulations, the Articles of Association and GMS resolutions
               seluruh aktivitas Perseroan telah sesuai dengan ketentuan              as well as ensuring that all Company activities comply with
               peraturan perundang-undangan yang berlaku, Anggaran                    applicable laws and regulations, Articles of Association and
               Dasar dan keputusan RUPS.                                              GMS resolutions.
      3.       Memimpin dan mengurus Perseroan sesuai dengan maksud dan          3.   Lead and manage the Company in accordance with its
               tujuan Perseroan dan senantiasa berusaha untuk meningkatkan            purposes, objectives, and continuously strive to improve
               efisiensi dan efektivitas Perseroan.                                   efficiency and effectiveness.
      4.       Menguasai, memelihara dan mengurus kekayaan Perseroan.            4.   Master, maintain and manage Company assets.
      5.       Bertanggung jawab penuh dalam melaksanakan tugasnya               5.   Fully responsible for performing duties in the interest of the
               untuk kepentingan Perseroan dalam mencapai visi, misi dan              Company in achieving the Company’s vision, mission and goals.
               tujuan Perseroan.
      6.       Mewakili Perseroan baik di dalam maupun di luar pengadilan.       6.   Represent the Company both inside and outside of the court.
      7.       Melakukan segala tindakan dan perbuatan, baik mengenai            7.   Take all actions and deeds in managing, owning as well as
               pengurusan maupun pemilikan serta mengikat Perseroan                   binding the Company to other parties and/or other parties
               dengan pihak lain dan atau pihak lain dengan Perseroan,                with the Company, within certain limitations.
               dengan pembatasan tertentu.




162    Bakrieland Laporan Tahunan 2023
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Analisis dan Pembahasan Manajemen           Laporan Tata Kelola Perusahaan      Tanggung Jawab Sosial Perusahaan Terintegrasi/Laporan Keberlanjutan
Management Discussion and Analysis           Corporate Governance Report            Integrated Corporate Social Responsibility/Sustainability Report




8.   Menyiapkan susunan organisasi pengurus Perseroan lengkap         8.     Prepare the composition of the Company’s management
     dengan perincian tugasnya.                                              structure complete with details of the duties involved.
9.   Menerapkan GCG secara konsisten.                                 9.     Consistent implementation of GCG.
10. Wajib menyelenggarakan dan menyimpan Daftar Khusus                10. Obligated to hold and keep the Special List safe in accordance
     sesuai ketentuan peraturan perundang-undangan.                          with the laws and regulations.
11. Bertanggung jawab secara pribadi atas kesalahan dan               11. Personally responsible for errors and negligence in carrying
     kelalaiannya dalam menjalankan tugas                                    out duties.


Pelatihan dan Pengembangan Kompetensi                                 Training and Competency Development
Direksi mengikuti program pelatihan dan pengembangan                  The Board of Directors joins training and competency
kompetensi atas inisiatif pribadi di luar lingkungan Perseroan.       development programs on personal initiative outside of the
                                                                      Company.


Program Orientasi Bagi Direktur Baru                                  Orientation Program For New Members of
                                                                      the Board of Directors
Perseroan memiliki program orientasi bagi Direksi yang baru           The Company carries out an orientation program for new
menjabat dengan tujuan untuk memberikan pengetahuan lebih             members of the Board of Directors with the objective of
kepada Direktur baru terkait aktivitas operasional Perseroan          providing better understanding to the new Directors related
agar yang bersangkutan dapat melaksanakan tugas sesuai                to the operational activities of the Company so the concerned
bidangnya secara efektif dan efisien. Pada tahun 2023, Perseroan      Director can effectively and efficiently perform the assigned tasks
tidak menyelenggarakan program ini karena komposisi Direksi           according to his/her expertise. In the year 2023, the Company did
Perseroan tidak mengalami perubahan dari tahun sebelumnya.            not conduct any programs as the composition of the Company’s
                                                                      Board of Directors remained the same as the previous year.


Penilaian Komite Di Bawah Direksi                                     Assessment of Committees Under the Board
                                                                      of Commissioners
Hingga akhir tahun 2023, Direksi tidak memiliki komite-komite         Until the end of the year 2023, there were no committees under
di bawah Direksi. Adapun organ Tata Kelola lainnya yang berada        the Board of Directors. Other Governance organs under the
di bawah Direksi, antara lain Sekretaris Perseroan dan Unit Audit     Board of Directors, among others, include the Corporate Secretary
Internal telah bekerja dengan optimal dan profesional sesuai          and the Internal Audit Unit, who have worked optimally and
dengan peran dan tanggung jawabnya.                                   professionally in accordance with their roles and responsibilities.


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

Prosedur Penilaian Kinerja                                            Performance Assessment Procedures
Penilaian dan evaluasi terhadap kinerja Dewan Komisaris dan           Assessment and evaluation of the performance of the Board
Direksi dilakukan secara internal oleh Pemegang Saham dalam           of Commissioners and the Board of Directors are carried out
RUPS Tahunan berdasarkan pelaksanaan tugas dan kewajibannya           internally by the Shareholders in the Annual GMS based on the
sebagaimana tercantum dalam Anggaran Dasar Perseroan.                 implementation of their duties and responsibilities as stated in the
Penilaian kinerja komite di bawah Dewan Komisaris ditentukan          Company’s Articles of Association. Performance assessment of
berdasarkan pencapaian tugas dan tanggung jawab yang                  the committees under the Board of Commissioners is determined
ditetapkan Dewan Komisaris yang akan memberikan penilaian             based on the accomplishment of the duties and responsibilities
satu tahun sekali sebelum RUPS Tahunan diadakan.                      setforth by the Board of Commissioners that assessed once a
                                                                      year prior to the Annual GMS.




                                                                                                          2023 Annual Report Bakrieland           163
Page 166
            Kilas Kinerja                     Profil Perusahaan                  Laporan Manajemen                   Unit Pendukung Bisnis
       Performance Highlights                  Corporate Profile                 Management Report                    Business Support Unit




      Kriteria Penilaian Kinerja                                          Criteria of Performance Assessment
      Tata cara penilaian kinerja Dewan Komisaris, Direksi, dan Komite    The assessment procedures for the performance of the Board
      dilakukan dengan mengacu pada pencapaian Key Performance            of Commissioners, the Board of Directors and Committees
      Indicator (KPI) yang telah disusun dalam rapat Dewan Komisaris      are carried out by referring to the achievement of the Key
      dan diputuskan oleh Dewan Komisaris. Aspek KPI tersebut antara      Performance Indicator (KPI) set at the Board of Commissioners
      lain meliputi, tetapi tidak terbatas pada perspektif keuangan,      meeting and decided by the Board of Commissioners. The KPI
      pelanggan, proses internal, pengembangan sumber daya manusia,       aspects, among others, include but are not limited to the financial,
      dan kepemimpinan. Penetapan KPI harus memenuhi kriteria             customer, internal processes, human resource development,
      Specific, Measurable, Accurate, Reliable, dan Timeline (SMART).     and leadership perspectives. Determining KPI’s must fulfill the
                                                                          Specific, Measurable, Accurate, Reliable, and Timeline (SMART)
                                                                          criteria.


      Komponen yang tercantum dalam KPI berfokus pada sasaran             The components listed in the KPI focus on the work targets
      kerja yang dicapai dalam periode tertentu sesuai rencana dan        achieved within a certain period in line with the work plan and
      target kerja yang telah ditetapkan dalam Rencana Kerja dan          goals set in the Annual Work Plan and Budget. The KPI is reviewed
      Anggaran Tahunan. KPI senantiasa dikaji ulang secara berkala        periodically to adjust to developments in the Company that it
      untuk menyesuaikan dengan perkembangan Perseroan sehingga           remains relevant to its implementation. The procedure and
      tetap relevan terhadap implementasinya. Prosedur dan penetapan      establishment of the KPI are stipulated further in the Decision
      penyusunan KPI diatur lebih lanjut dalam Surat Keputusan Dewan      Letter of the Board of Commissioners.
      Komisaris.


      Hasil evaluasi terhadap kinerja Dewan Komisaris, Direksi, dan       The overall results of the assessment on the performance of the
      Komite secara keseluruhan dan kinerja perorangan setiap anggota     Board of Commissioners, the Board of Directors, and Committees
      merupakan bagian tidak terpisahkan dalam skema kompensasi           and the individual performance of each member is an inseparable
      dan pemberian insentif. Tata cara evaluasi kinerja Direksi, Dewan   part within the compensation scheme and in providing incentives.
      Komisaris, dan komite di bawah Dewan Komisaris diatur dalam         The assessment procedures for the performance of the Board of
      SK Dewan Komisaris No.198/Kom- BLD/SK/XII/09.                       Directors, the Board of Commissioners and committees under
                                                                          the Board of Commissioners are stipulated in the Decision Letter
                                                                          of the Board of Commissioners No. 198/Kom- BLD/SK/XII/09.


      Pihak Penilai                                                       The Assessor
      Pihak yang melakukan penilaian terhadap kinerja Direksi adalah      The party assessing the performance of the Board of Directors
      Dewan Komisaris, sedangkan pihak yang melakukan penilaian           is the Board of Commissioners, while the party assessing the
      atas kinerja Dewan Komisaris adalah pemegang saham melalui          performance of the Board of Commissioners is the shareholders
      mekanisme RUPS.                                                     through the GMS mechanism.


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

      Prosedur Nominasi Dewan Komisaris dan Direksi                       Procedures in the Nomination of the Board
                                                                          of Commissioners and the Board of Directors
      Anggota Dewan Komisaris dan Direksi Perseroan diangkat dan          Members of the Board of Commissioners and the Board of
      diberhentikan oleh RUPS. Setiap usulan penggantian dan/atau         Directors are appointed and dismissed by the GMS. Every proposal
      pemberhentian anggota Dewan Komisaris dan Direksi disampaikan       for replacement and/or dismissal of members of the Board of
      kepada RUPS dengan mempertimbangkan rekomendasi dari                Commissioners and the Board of Directors is submitted to the
      Komite Nominasi dan Remunerasi. Dalam menjalankan fungsi            GMS by considering the recommendations of the Nomination
      nominasi, Komite Nominasi dan Remunerasi bertugas membantu          and Remuneration Committee. In carrying out its nomination
      Dewan Komisaris dalam mempersiapkan calon anggota Dewan             function, the Nomination and Remuneration Committee is tasked




164    Bakrieland Laporan Tahunan 2023
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Analisis dan Pembahasan Manajemen           Laporan Tata Kelola Perusahaan    Tanggung Jawab Sosial Perusahaan Terintegrasi/Laporan Keberlanjutan
Management Discussion and Analysis           Corporate Governance Report          Integrated Corporate Social Responsibility/Sustainability Report




Komisaris dan Direksi serta mengusulkan besaran remunerasinya.        with assisting the Board of Commissioners with preparing the
Dewan Komisaris juga dapat mengajukan calon tersebut dan              candidate members of the Board of Commissioners and the Board
remunerasinya untuk memperoleh keputusan RUPS dengan cara             of Directors as well as proposing the amount of remuneration for
sesuai dengan ketentuan Anggaran Dasar Perseroan.                     the concerned candidate members. The Board of Commissioners
                                                                      may also propose the candidate members and their remuneration
                                                                      in order to obtain GMS decisions in a manner that is in accordance
                                                                      with the provisions of the Company’s Articles of Association.


Prosedur Penetapan Remunerasi Dewan                                   Procedures on Determining Remuneration of
Komisaris dan Direksi                                                 the Board of Commissioners and the Board of
                                                                      Directors
Sesuai ketentuan Anggaran Dasar Perseroan, Dewan Komisaris            In accordance with the provisions in the Company’s Articles
dan Direksi berhak atas sejumlah remunerasi yang telah                of Association, the Board of Commissioners and the Board of
disetujui oleh pemegang saham melalui RUPS berdasarkan                Directors are entitled to a certain amount of remuneration as
kajian dan usulan yang disampaikan oleh Komite Nominasi dan           approved by the shareholders through the GMS based on reviews
Remunerasi. Akan tetapi, pada pelaksanaannya, wewenang                and proposals submitted by the Nomination and Remuneration
penetapan remunerasi Dewan Komisaris dan Direksi juga                 Committee. However, in its implementation, the authority to
dapat dilimpahkan oleh RUPS kepada Dewan Komisaris dengan             determine the remuneration of the Board of Commissioners
tetap memperhatikan rekomendasi dari Komite Nominasi dan              and the Board of Directors may also be delegated by the GMS
Remunerasi. Selanjutnya, Dewan Komisaris akan mengusulkan             to the Board of Commissioners while still taking into account
jumlah kompensasi berdasarkan rekomendasi dari Komite                 the recommendations of the Nomination and remuneration
Remunerasi dan Nominasi, untuk disetujui dalam RUPST.                 Committee.


Struktur Remunerasi                                                   Remuneration Structure
Dewan Komisaris dan Direksi menerima imbalan jasa dalam               The Board of Commissioners and the Board of Directors receive
bentuk gaji, tunjangan, dan fasilitas.                                compensation for their services in the form of salary, allowances
                                                                      and facilities.


Besaran Remunerasi                                                    Amount of Remuneration
Melalui Surat Keputusan Dewan Komisaris No.006/KOM-BLD/SK/            Through the Decision Letter of the Board of Commisisoners
XII/2011 tentang Penetapan Struktur Gaji Direksi dan Komisaris,       No. 006/KOM-BLD/SK/XII/2011 regarding the Establishment of
Perseroan secara transparan mengatur besaran gaji per bulan           the Salary Structure of the Board of Directors and the Board of
bagi anggota Direksi dan Dewan Komisaris, rentang gaji satu           Commisioners, the Company transparently stipulates the amount
sama lain, serta pertimbangan yang mendasari penentuan                of monthly salary for members of the Board of Directors and the
besaran gaji tersebut. Surat Keputusan tersebut merupakan             Board of Commissioners, each other’s salary range, as well as
penyempurnaan dari Surat Keputusan Dewan Komisaris                    the considerations underlying the decision to set the concerned
No.19/Kom-BLD/SK/XII/09 yang juga mengatur besaran gaji               amount of salary. The Decree is a refinement of the Decree of the
anggota Direksi dan Dewan Komisaris.                                  Board of Commissioners No.19/Kom-BLD/SK/XII/09 which also
                                                                      regulates the salary level of members of the Board of Directors
                                                                      and Board of Commissioners.


Besaran remunerasi yang ditetapkan bagi anggota Dewan                 The amount of remuneration determined for members of the
Komisaris dan Direksi Perseroan senantiasa memperhatikan              Company’s Board of Commissioners and the Board of Directors
besaran penghasilan tahun-tahun sebelumnya, beban tugas dan           always takes into account the amount of income from previous
tanggung jawab, serta disesuaikan dengan tingkat remunerasi           years, the burden of duties and responsibilities, as well as
eksekutif pada industri sejenis. Pada tahun 2023, Dewan Komisaris     adjustment to the level of remuneration of executives in similar
menerima remunerasi sebesar Rp3.093.256.000 dan Direksi               industries. In the year 2023, the Board of Commissioners received
menerima remunerasi sebesar Rp3.315.856.000.                          a total remuneration of Rp3,093,256,000 and the Board of
                                                                      Directors received Rp3,315,856,000.




                                                                                                        2023 Annual Report Bakrieland           165
Page 168
            Kilas Kinerja                     Profil Perusahaan                  Laporan Manajemen                    Unit Pendukung Bisnis
       Performance Highlights                  Corporate Profile                 Management Report                     Business Support Unit




                                                                   2023                                           2022
                  Komponen
                  Component                      Tertinggi                Terendah                 Tertinggi                Terendah
                                                  Highest                  Lowest                   Highest                  Lowest
       Gaji/Tahun (Rp)                          665.280.000               61.182.000             949.000.000                29.900.000
       Salary/Year (Rp)
       Tunjangan/Tahun (Rp)                     140.000.000                9.500.000             260.000.000                 9.100.000
       Allowance/Year (Rp)
       Total                                    805.280.000               70.682.000            1.209.000.000               39.000.000


      HUBUNGAN AFILIASI                                                    AFFILIATION RELATIONSHIP

      Seluruh anggota Dewan Komisaris dan Direksi Perseroan tidak          All members of the Board of Commissioners and the Board of
      memiliki hubungan afiliasi baik dalam hal kekeluargaan, finansial    Directors of the Company are not affiliated, either in terms of
      dan bisnis baik antara sesama anggota Direksi, antara anggota        family, financial or business relationship, among members of the
      Direksi dengan anggota Dewan Komisaris, antara anggota               Board of Directors, between members of the Board of Directors
      Direksi dengan Pemegang Saham Pengendali, antara sesama              and members of the Board of Commissioners, between members
      anggota Dewan Komisaris, antara anggota Dewan Komisaris              of the Board of Directors and the Controlling Shareholders,
      dengan pemegang saham utama dan/atau pengendali. Hal ini             among members of the Board of Commissioners, between
      dinyatakan melalui Surat Pernyataan Tidak Memiliki Benturan          members of the Board of Commissioners and the main and/or
      Kepentingan yang telah ditandatangani oleh Direksi untuk masa        controlling shareholders. This is stated in the Statement Letter of
      jabatan pada 2023.                                                   Not Having Conflict of Interest signed by the Board of Directors
                                                                           for the 2023 term of office.


      KOMITE-KOMITE DI BAWAH DEWAN                                         COMMITTEES UNDER THE BOARD OF
      KOMISARIS                                                            COMMISSIONERS

      KOMITE AUDIT                                                         AUDIT COMMITTEE
      Komite Audit merupakan organ pendukung di bawah Dewan                The Audit Committee is a support organ under the Board of
      Komisaris yang bertugas memberikan nasihat dan jaminan atas          Commissioners tasked with providing advice and assurance on
      integritas pengungkapan keuangan Perseroan, melakukan                the integrity of the Company’s financial disclosures, supervising
      pengawasan terhadap pengendalian internal, manajemen risiko          internal control, risk management and external audits, as well
      dan audit eksternal, serta memantau kepatuhan Perseroan              as monitoring the company’s compliance with applicable laws
      terhadap peraturan perundang-undangan yang berlaku.                  and regulations.


      Pembentukan Komite Audit di Perseroan mengacu pada Surat             The formation of the Audit Committee in the Company refers
      Keputusan No. 003/KOM-PERSEROAN/SKDK/VIII/2022 dan Surat             to Decree No. 003/KOM-PERSEROAN/SKDK/VIII/2022                  and
      Keputusan No. 001/KOM-PERSEROAN/SKDK/II/2023 tentang                 Decree No. 001/KOM-PERSEROAN/SKDK/II/2023 on Dismissal,
      Pemberhentian, Pengangkatan dan Pengesahan Komite Audit              Appointment and Ratification of the Audit Committee of
      PT Bakrieland Development Tbk.                                       PT Bakrieland Development Tbk.


      Komposisi dan Masa Jabatan Komite Audit                              Composition and Term of Office of the Audit
                                                                           Committee
      Komposisi Komite Audit Perseroan terdiri 1 (satu) orang Komisaris    The composition of the Company’s Audit Committee consists of
      Independen sebagai ketua merangkap anggota dan 2 (dua)               1 (one) Independent Commissioner as chairman concurrently as
      orang pihak eksternal yang independen sebagai anggota yang           member and 2 (two) external independent parties as members
      telah memenuhi persyaratan independensi sebagaimana diatur           who have fulfilled independence requirements as stipulated
      dalam POJK No. 55/POJK.04/2015 tentang Pembentukan dan               in POJK No. 55/POJK.04/2015 regarding Establishment and
      Pelaksanaan Kerja Komite Audit.                                      Implementation of the Audit Committee’s Work.




166    Bakrieland Laporan Tahunan 2023
Page 169
Analisis dan Pembahasan Manajemen       Laporan Tata Kelola Perusahaan    Tanggung Jawab Sosial Perusahaan Terintegrasi/Laporan Keberlanjutan
Management Discussion and Analysis       Corporate Governance Report          Integrated Corporate Social Responsibility/Sustainability Report




Masa jabatan anggota Dewan Komisaris yang merangkap sebagai       The term of office of members of the Board of Commissioners
anggota Komite Audit adalah sama dengan masa jabatannya           concurrently as members of the Audit Committee is the same as
sebagai anggota Dewan Komisaris sebagaimana ditetapkan            the term of office as members of the Board of Commissioners
melalui RUPS.                                                     as setforth through the GMS.


Pada tahun 2023, komposisi Komite Audit Perseroan mengalami       In 2023, the composition of the Company’s Audit Committee
perubahan dengan kronologis sebagai berikut:                      changed as described in the following chronology:


 1 Januari-17 Februari 2023
 1 January – 17 February 2023
                        Nama             Jabatan                                      Periode Jabatan
  No
                        Name             Position                                      Term of Office
   1    Bambang Irawan Hendradi      Ketua                Periode Menjabat ke-1
                                     Chairman             21 Agustus 2022 – 22 Februari 2023
                                                          Term of Office-1
                                                          21 August 2022 – 22 February 2023
   2    Mohamad Hassan               Anggota              Periode Menjabat ke-1
                                     Member               21 Agustus 2022 – 22 Februari 2023
                                                          Term of Office-1
                                                          21 August 2022 – 22 February 2023
   3    Indra Safitri                Anggota              Periode Menjabat ke-1
                                     Member               21 Agustus 2022 – 22 Februari 2023
                                                          Term of Office-1
                                                          21 August 2022 – 22 February 2023

 17 Februari 2023-31 Desember 2023
 17 February 2023 – 31 December 2023
                        Nama             Jabatan                                      Periode Jabatan
  No
                        Name             Position                                      Term of Office
   1    Kanaka Puradiredja           Ketua                Periode Menjabat ke-1
                                     Chairman             17 Februari 2023 – 30 hari setelah realisasi RUPST 2025
                                                          Term of Office-1
                                                          17 February 2023–30 days following the realization of 2025 Annual GMS
   2    Soenarso Soemodiwirjo        Anggota              Periode Menjabat ke-1
                                     Member               17 Februari 2023 – 30 hari setelah realisasi RUPST 2025
                                                          Term of Office-1
                                                          17 February 2023 – 30 days following the realization of 2025 Annual GMS
   3    Mohammad Hassan              Anggota              Periode Menjabat ke-2
                                     Member               17 Februari 2023 – 30 hari setelah realisasi RUPST 2025
                                                          Term of Office-1
                                                          17 February 2023 – 30 days following the realization of 2025 Annual GMS



Profil Anggota Komite Audit                                       Profile of Members of the Audit Committee

Kanaka Puradiredja – Ketua Komite Audit                           Kanaka Puradiredja – Chairman of the Audit
                                                                  Committee
Beliau diangkat sebagai Ketua Komite Audit berdasarkan Surat      He was appointed as Chairman of the Audit Committee based
Keputusan Dewan Komisaris PT Bakrieland Development Tbk           on the Decree of the Board of Commissioners of PT Bakrieland
No. No. 001/KOM-PERSEROAN/SKDK/II/2023. Beliau memiliki           Development Tbk No. 001/KOM-PERSEROAN/SKDK/II/2023. He
rangkap jabatan sebagai Komisaris Independen serta Ketua          concurrently serves as Independent Commissioner as well as
Komite Nominasi dan Remunerasi Perseroan. Profil beliau           Chairman of the Nomination and Remuneration Committee of
disajikan pada bagian profil Dewan Komisaris pada Laporan         the Company. His profile is presented in the section on Profile
Tahunan ini.                                                      of the Board of Commissioners in this Annual Report.




                                                                                                    2023 Annual Report Bakrieland           167
Page 170
           Kilas Kinerja                            Profil Perusahaan                          Laporan Manajemen                        Unit Pendukung Bisnis
      Performance Highlights                         Corporate Profile                         Management Report                         Business Support Unit




      Soenarso Soemodiwirjo
      Anggota                  Member
      Warga Negara             Indonesian nationality, 78 years of age, domicile in Jakarta.
      Indonesia, 78 tahun,
      domisili di Jakarta.
      Dasar Pengangkatan:      Surat Keputusan Dewan Komisaris PT Bakrieland Development Tbk No. 001/KOM-PERSEROAN/SKDK/II/2023.
      Basis of Appointment     Decree of the Board of Commissioners of PT Bakrieland Development Tbk No. 001/KOM-PERSEROAN/SKDK/II/2023.
      Riwayat Pendidikan:      Beliau memperoleh gelar Sarjana Akuntansi dari Institut Ilmu Keuangan, Departemen Keuangan, Jakarta (1974).
      Educational              He obtained his Bachelor’s (Sarjana) degree in Accounting from the Institute of Financial Science, Department of Finance, Jakarta
      Background               (1974).
      Riwayat Karier:          Beliau memiliki pengalaman luas dalam bidangnya, antara lain pernah menjabat sebagai Komisaris Independen dan Ketua Komite
      Professional             Audit PT Graha Andrasentra Propertindo Tbk, Ketua Tim Task Force Penyusunan Manual Komite Audit, Konsultan Manajemen PT
      Backgound                Sucofindo (Persero), Staf Ahli Direksi PT PAN (multi finance company), Anggota Komite Audit PT Nusa Konstruksi Enjiniring Tbk,
                               Anggota Komite Audit PT Bank MNC Internasional Tbk, Anggota Komite Audit di PT Sucofindo (Persero), Anggota Komite Audit
                               PT Danareksa (Persero) dan Anggota Komite Audit PT Bank CIMB Niaga Tbk.
                               He has extensive experience in his field, among others, as Independent Commissioner and Chairman of the Audit Committee at PT
                               Graha Andrasentra Propertindo Tbk, Head of the Task Force Team for Preparation of the Audit Committee Manual, Management
                               Consultant at PT Sucofindo (Persero), Expert Staff of the Board of Directors of PT PAN (multi finance company), Member of the Audit
                               Committee of PT Nusa Konstruksi Enjiniring Tbk, Member of the Audit Committee of PT Bank MNC Internasional Tbk, Member of the
                               Audit Committee of PT Sucofindo (Persero), Member of the Audit Committee of PT Danareksa (Persero) and Member of the Audit
                               Committee of PT Bank CIMB Niaga Tbk.
      Rangkap Jabatan:         Selain sebagai Anggota Komite Audit Perseroan, beliau saat ini juga menjabat sebagai Anggota Komite Audit dan Sekretaris
      Concurrent Position      Dewan Komisaris PT Papua Power Indonesia.
                               Other than as Member of the Audit Committee of the Company, he is currently also serving as Member of the Audit Committee and
                               Secretary to the Board of Commissioners of PT Papua Power Indonesia.




      Mohammad Hassan
      Anggota                  Member
      Warga Negara             Indonesian nationality, 63 years of age, domicile in Jakarta.
      Indonesia, 63 tahun,
      domisili di Jakarta.
      Dasar Pengangkatan:      Surat Keputusan Dewan Komisaris PT Bakrieland Development Tbk No. 001/KOM-PERSEROAN/SKDK/II/2023.
      Basis of Appointment     Decree of the Board of Commissioners of PT Bakrieland Development Tbk No. No. 001/KOM-PERSEROAN/SKDK/II/2023.
      Riwayat Pendidikan:      Beliau merupakan lulusan Diploma III dengan spesialisasi akuntansi (1983) dan menamatkan Diploma IV (1991), keduanya dari
      Educational              STAN. Selanjutnya beliau menyelesaikan pendidikan S2 dengan gelar Master of Accountancy & Financial Information Systems
      Background               (MAFIS) dari Cleveland State University, Ohio, USA dengan spesialisasi internal auditing (1993).
                               He graduated with a Diploma III in accounting (1983) and completed Diploma IV (1991), both from STAN. Subsequently he completed
                               his Master’s (S2) degree program in Accountancy & Financial Information Systems (MAFIS) specializing in internal auditing (1993)
                               from Cleveland State University, Ohio, USA.
      Riwayat Karier:          Setelah menyelesaikan pendidikan D III, Beliau ditempatkan di Badan Pengawasan Keuangan dan Pembangunan (BPKP) sebagai
      Professional             auditor. Sekembali dari tugas belajar dari Amerika Serikat, pada tahun 1993, Beliau melanjutkan bekerja di BPKP sampai dengan
      Backgound                akhir Desember 2010. Beliau menjadi pembicara/narasumber untuk topik audit internal dan Governance, Risk Management, &
                               Control (GRC) di berbagai seminar dan workshop baik di organisasi profesi, instansi pemerintah, dan perusahaan.
                               Sebagai wujud komitmen di bidang profesi, Beliau mendedikasikan diri secara volunteer untuk aktif di berbagai organisasi profesi,
                               di antaranya sebagai Wakil Ketua Umum Lembaga Profesi PAII - Perhimpunan Auditor Internal Indonesia (2022-2025), Wakil Ketua
                               Dewan Sertifikasi CACP - Certification in Audit Committee Practices - CACP (2023-2025), Anggota Dewan Sertifikasi Qualified
                               Internal Auditor - QIA (2022-2027), Anggota Dewan Sertifikasi Qualified Healthcare Internal Auditor - QHIA (2021-2026), Anggota
                               Dewan Sertifikasi Qualified Government Internal Auditor - QGIA (2020-2025) dan Anggota Dewan Sertifikasi Certified Professional
                               Management Accountant – CPMA (2023 – 2026).

                               Following the completion of his D III education, he was stationed at the Financial and Development Supervisory Agency (BPKP) as
                               an auditor. Upon returning from his studies in the United States, in 1993, he continued working at BPKP until the end of December
                               2010. He became a speaker on the topics of internal audit and Governance, Risk Management & Control (GRC) in various seminars
                               and workshops in organizations of the profession, government institutions and companies.
                               As the manifestation of the commitment in the field of profession, he voluntarily dedicated himself to be active in various
                               organizations of profession, including as Vice Chairman of PAII (Indonesia Internal Audit Assoiation) Institute of Profession (2022-
                               2025), Vie Chairman of CACP Certification Board – Certification in Audit Committee Practices – CACP (2023-2025), Member of the
                               Qualified Internal Audit Certification Board – QIA (2022-2027), Member of the Qualified Healthcare Interna Audit Certification Board
                               – QHIA (2021-2026), Member of Qualified Governmet Internal Audit Certification Board – QGIA (2020-2025) and Member of the
                               Certified Professional Management Accountant Certification Board – CPMA (2023-2026).




168   Bakrieland Laporan Tahunan 2023
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Analisis dan Pembahasan Manajemen              Laporan Tata Kelola Perusahaan      Tanggung Jawab Sosial Perusahaan Terintegrasi/Laporan Keberlanjutan
Management Discussion and Analysis              Corporate Governance Report            Integrated Corporate Social Responsibility/Sustainability Report




 Rangkap Jabatan:      Beliau saat ini menjabat sebagai anggota Komite Audit di Perseroan serta juga menjadi anggota Komite Audit dan Komite
 Concurrent Position   Pemantau Risiko di beberapa perusahaan.
                       He is concurrently serving as a member of the Audit Committee of the Company as well as a member of the Audit Committee and
                       Risk Monitoring Committee in several companies.



Independensi Komite Audit                                                 Independency of the Audit Committee
Seluruh anggota Komite Audit menjalankan tugas dan tanggung               All members of the Audit Committee carry out their duties and
jawabnya secara profesional dan independen serta terbebas dari            responsibilities professionally and independently as well as
segala bentuk konflik kepentingan yang dapat memengaruhi                  free from all forms of conflict of interest that may influence his
kemampuannya dalam melaksanakan fungsi pengawasan secara                  capability to carry out the supervisory function objectively. The
objektif. Independensi Komite Audit setidaknya dijamin dengan             independence of the Audit Committee is minimally guaranteed
adanya satu orang Komisaris Independen yang bertindak sebagai             with the presence of one Independent Commissioner acting
Ketua, sementara dua anggota lainnya merupakan pihak eksternal            as Chairman, while the other two members are independent
yang independen.                                                          external parties.


Tugas dan Tanggung Jawab                                                  Duties and Responsibilities
Secara umum, tugas dan tanggung jawab utama Komite Audit                  In general, the main duties and responsibilities of the Audit
adalah membantu Dewan Komisaris dalam melakukan evaluasi                  Committee are to assist the Board of Commissioners in assessing
dan pengawasan tentang proses pelaporan keuangan, proses                  and supervising the financial reporting processes, internal and
audit internal dan eksternal serta praktik GCG berjalan dengan            external audit process as well as ensuring GCG practices are
baik dan sesuai prosedur. Berdasarkan surat dari Komite Audit             running well and in accordance with the procedures. Based on the
kepada Dewan Komisaris, fungsi Komite Pemantau Risiko dan                 letter from the Audit Committee to the Board of Commissioners,
Komite Kebijakan Corporate Governance dijalankan oleh Komite              the Risk Monitoring Committee and Corporate Governance Policy
Audit.                                                                    Committee functions are carried out by the Audit Committee.


Uraian lengkap mengenai tugas dan tanggung jawab Komite Audit             A complete description of the duties and responsibilities of
telah diatur dalam Pedoman Dewan yang disahkan dalam Surat                the Audit Committee is stipulated in the Board Manual, ratified
Keputusan Direksi dan Komisaris PT Bakrieland Development Tbk             through the Decree of the Board of Directors and the Board
No. 001/KOM-DIR-PERSEROAN/SK/I/2016 tentang Pengesahan                    of Commissioners of PT Bakrieland Development Tbk No. 001/
Board Manual.                                                             KOM-DIR-PERSEROAN/SK/I/2016 regarding the Ratification of
                                                                          the Board Manual.


Piagam Komite Audit                                                       Charter of the Audit Committee
Fungsi utama Komite Audit adalah membantu Dewan Komisaris                 The main function of the Audit Committee is to assist the Board
dalam memenuhi tanggung jawab pengawasannya terhadap                      of Commissioners in fulfilling its supervisory responsibilities on
proses pelaporan keuangan, penerapan pengelolaan risiko usaha             the financial reporting process, the implementation of business
dan keuangan serta sistem pengendalian internal terkait, proses           and financial risk management, as well as internal-control related
Audit oleh Auditor Internal maupun Eksternal serta penerapan              systems, the Audit process by Internal and External Auditors and
Good Corporate Governance dalam pengelolaan perusahaan.                   the implementation of Good Corporate Governance in company
                                                                          management.


Lebih lanjut sebagaimana diatur dalam Piagam Komite Audit,                Furthermore, as stipulated in the Audit Committee Charter, the
adapun lingkup fungsi pengawasan (oversight) Komite Audit                 scope of the oversight function of the Audit Committee of the
Perseroan mencakup hal-hal berikut ini:                                   Company covers the following matters:


1.   Laporan Keuangan                                                     1.    Financial Statements
     Melakukan oversight atas laporan keuangan Perseroan yang                   Conduct oversight on the Company’s financial statements
     diterbitkan untuk kepentingan publik.                                      published for the public’s interest.




                                                                                                               2023 Annual Report Bakrieland         169
Page 172
            Kilas Kinerja                     Profil Perusahaan                 Laporan Manajemen                    Unit Pendukung Bisnis
       Performance Highlights                  Corporate Profile                Management Report                     Business Support Unit




      2.   Manajemen Risiko                                               2.   Risk Management
           Memperoleh informasi mengenai pelaksanaan aktivitas                 Obtain information on risk management activities carried
           manajemen risiko yang dilakukan oleh Manajemen.                     out by the Management.


      3.   Pengendalian Internal                                          3.   Internal Control
           Melalui hasil kerja Auditor Internal dan Eksternal melakukan        Through the results of the Internal and External Auditors’
           oversight atas efektivitas pengendalian internal yang telah         work in conducting oversight of internal control’s
           diterapkan oleh Manajemen dalam pengelolaan usaha                   effectiveness as applied by the Management in managing
           maupun penyajian laporan keuangan Perseroan.                        business as well as in presenting the Company’s financial
                                                                               reports.


      4.   Aktivitas Assurance                                            4.   Assurance Activities
           a.   Melakukan review atas rencana dan hasil aktivitas yang         a.   Conduct a review of plans and results of activities
                dilakukan oleh Auditor Internal dalam meyakinkan bahwa              carried out by the Internal Auditor in convincing that
                aktivitas operasional telah sesuai dengan peraturan                 operational activities are in accordance with Company
                Perseroan dan peraturan yang dikeluarkan oleh pihak                 regulations and those issued by the Authorities.
                Otoritas;
           b.   Melakukan review atas rencana dan hasil aktivitas              b.   Conduct a review of the plans and results of activities
                Auditor Eksternal dalam meyakinkan bahwa laporan                    carried out by the External Auditor in convincing that the
                keuangan bebas dari salah saji material.                            financial statements are free from material misstatement.


      5.   Objektivitas dan Independen                                    5.   Objectivity and Independency
           Melakukan review atas obyektivitas dan independensi                 Conduct a review of the objectivity and independency of
           Auditor Internal maupun Eksternal.                                  the Internal as well as External Auditors.


      6.   Corporate Governance                                           6.   Corporate Governance
           Melakukan oversight atas pelaksanaan Good Corporate                 Conduct oversight of the implementation of Good Corporate
           Governance dan pemantauan atas ketaatan Perseroan                   Governance and monitoring of the Company’s compliance
           terhadap peraturan perundangan yang berlaku, benturan               with applicable laws and regulations, conflicts of interest
           kepentingan, dan etika usaha.                                       and business ethics.


      Piagam Komite Audit                                                 Charter of the Audit Committee
      Dalam menjalankan tugas dan tanggung jawabnya, seluruh              In performing the duties and responsibilities, all members
      anggota Komite Audit wajib berpedoman pada Piagam Komite            of the Audit Committee are required to refer to the Audit
      Audit yang mengatur secara rinci hal-hal terkait struktur           Committee Charter that regulates in detail matters related
      organisasi, keanggotaan, tanggung jawab, wewenang dan tata          to the organizational structure, membership, responsibilities,
      cara pelaporan Komite Audit.                                        authorities and reporting procedures of the Audit Committee.


      Rapat Komite Audit                                                  Meeting Frequency and Level of Attendance

      Kebijakan Rapat                                                     Meeting Policy
      Komite Audit mengadakan rapat secara berkala paling kurang          The Audit Committee holds periodic meetings at least once in
      satu kali dalam 3 (tiga) bulan atau 4 (empat) kali dalam setahun.   3 (three) months or 4 (four) times in one year. As regulated in
      Sebagaimana diatur dalam Piagam Komite Audit, metode                the Audit Committee Charter, the method of decision-making in
      pengambilan keputusan dalam rapat Komite Audit dapat                Audit Committee meetings may be performed if at least attended
      dilakukan apabila sekurang-kurangnya dihadiri oleh lebih dari       by more than ½ (one-half) of the total members including an
      1/2 (satu per dua) dari jumlah anggota termasuk seorang             Independent Commissioner.
      Komisaris Independen.




170    Bakrieland Laporan Tahunan 2023
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Analisis dan Pembahasan Manajemen                Laporan Tata Kelola Perusahaan       Tanggung Jawab Sosial Perusahaan Terintegrasi/Laporan Keberlanjutan
Management Discussion and Analysis                Corporate Governance Report             Integrated Corporate Social Responsibility/Sustainability Report




Jumlah Rapat dan Frekuensi Kehadiran                                       Frequency of Meeting and Level of Attendance
Selama tahun 2023, Komite Audit telah menyelenggarakan                     During the year 2023, the Audit Committee held 8 meetings
8 kali rapat secara online melalui platform Zoom Meeting, dengan           online through the Zoom Meeting platform, with descriptions
uraian tingkat kehadiran masing-masing anggota adalah sebagai              of the level of attendance of each member as follows:
berikut:


                    Nama                       Jabatan                  Jumlah Rapat             Jumlah Kehadiran           Tingkat Kehadiran
  No
                    Name                       Position                 Total Meeting             Total Attendance           Attendance Rate
     1      Kanaka Puradiredja       Komisaris Independen                         8                        8                       100%
                                     Independent Commissioner
     2      Soenarso                 Anggota                                      8                        8                       100%
            Soemodiwirjo             Member
     3      Mohammad Hassan          Anggota                                      8                        8                       100%
                                     Member


                 Tanggal Rapat                                                        Agenda Rapat
  No
                 Date of Meeting                                                      Meeting Agenda
     1      9 Agustus 2023             Pembahasan Audit Planning KAP untuk audit Laporan Keuangan tahun 2022
            9 August 2023              Discussion on KAP Audit Planning to audit the Financial Statements of the year 2022
     2      14 Agustus 2023            Pembahasan Key Audit Matters tahun Audit 2022 dengan KAP
            14 August 2023             Discussion with KAP on Key Audit Matters of 2022 Audit year
     3      4 September 2023           Pembahasan Penyelesaian Audit Laporan Keuangan tahun Audit 2022 dengan KAP
            4 September 2023           Discussion with KAP on the Completion of the Financial Statement Audit of 2022 Audit year
     4      9 Oktober 2023             Pembahasan Laporan Keuangan Kuartal 1 (Q1) tahun 2023 dengan Management
            9 October 2023             Discussion with the Management on Financial Statements of Quarter I (Q1) of the year 2023
     5      27 Oktober 2023            Pembahasan Laporan Keuangan Kuartal 2 (Q2) tahun 2023 dengan Management
            27 October 2023            Discussion with the Management on Financial Statements of Quarter II (Q2) of the year 2023
     6      17 November 2023           Pembahasan Laporan Keuangan Kuartal 3 (Q3) tahun 2023 dengan Management
            17 November 2023           Discussion with the Management on Financial Statements of Quarter III (Q3) of the year 2023
     7      23 November 2023           Melakukan Evaluasi Kinerja KAP yang mengaudit Laporan Keuangan tahun 2022
            23 November 2023           Evaluation of KAP’s Performance in auditing the Financial Statements of the year 2022
     8      1 Desember 2023            Pembahasan Rekomendasi KAP yang mengaudit PT Bakrieland Development Tbk tahun 2023
            1 December 2023            Discussion on Recommendations of KAP that audited PT Bakrieland Development Tbk of the year 2023


Pelatihan Komite Audit                                                     Audit Committee Training
Komite Audit mengikuti program pelatihan dan pengembangan                  The Audit Committee joins training and competency development
kompetensi dengan inisiatif pribadi di luar lingkungan Perseroan.          programs on personal initiative outside of the Company.


Pelaksanaan Kegiatan Komite Audit Tahun                                    Implementation of Audit Committee
2023                                                                       Activities
Pada tahun 2023, Komite Audit telah melaksanakan hal-hal                   In the year 2023, the Audit Committee managed to conduct the
berikut:                                                                   following:
1.       Membahas isu-isu dan progres audit eksternal atas Laporan         1.     Discussed issues and progress of the external audit on the
         Keuangan Konsolidasian Perseroan tahun 2022.                             2022 Consolidated Financial Statements of the Company.
2.       Mereview dan membahas isu-isu dalam Laporan Keuangan              2.     Reviewed and discussed issues in the Company’s unaudited
         Konsolidasian Triwulanan Perseroan tahun 2023 yang tidak                 Quarterly Consolidated Financial Statements in 2023 prior
         diaudit sebelum disampaikan kepada pihak Otoritas.                       to submission to the Authorities.
3.       Melakukan evaluasi kinerja auditor eksternal yang mengaudit       3.     Assessed the performance of the external auditor who audited
         Laporan Keuangan Konsolidasian Perseroan tahun 2022 dan                  the Company’s 2022 Consolidated Financial Statements and
         merekomendasikan penunjukan Auditor Eksternal yang akan                  recommended the appointment of the External Auditor
         mengaudit Laporan Keuangan Konsolidasian Perseroan tahun                 who will audit the Company’s 2023 Consolidated Financial
         2023.                                                                    Statements.
4.       Membahas perencanaan audit Auditor Eksternal dalam                4.     Discussed audit plans of the External Auditor in auditing
         mengaudit Laporan Keuangan Konsolidasian Perseroan                       the Company’s 2023 Consolidated Financial Statements.
         tahun 2023.


                                                                                                                2023 Annual Report Bakrieland           171
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            Kilas Kinerja                    Profil Perusahaan                  Laporan Manajemen                  Unit Pendukung Bisnis
       Performance Highlights                 Corporate Profile                 Management Report                   Business Support Unit




      LAPORAN KOMITE AUDIT                                              REPORT OF THE AUDIT COMMITTEE

      Kepada Yth:                                                       To:
      Dewan Komisaris                                                   The Board of Commissioners
      PT Bakrieland Development Tbk                                     PT Bakrieland Development Tbk
      Wisma Bakrie 1, Lantai 6                                          Wisma Bakrie 1, 6th Floor
      Jalan H.R. Rasuna Said Kav B-1                                    Jalan HR Rasuna Said Kav B-1
      Jakarta 12920                                                     Jakarta 12920


      Laporan Tahunan Pelaksanaan Kegiatan Komite Audit untuk           Annual Report on the Implementation of the Audit Committee
      Tahun yang Berakhir pada Tanggal 31 Desember 2023.                Activities for the Year Ending on 31 December 2023


      Komite Audit adalah sebuah Komite yang dibentuk oleh dan          The Audit Committee is a Committee formed by and reports
      bertanggung jawab kepada Dewan Komisaris dalam membantu           to the Board of Commissioners in assisting with the duties and
      melaksanakan tugas dan fungsi Dewan Komisaris. Tugas utama        functions of the Board of Commissioners. The main Tasks of the
      Komite Audit di Perseroan adalah:                                 Audit Committee in the Company are as follows:
      1.   Melakukan review atas laporan keuangan Perseroan yang        1.    Conduct a review of the Company’s financial statements
           diterbitkan untuk kepentingan publik dan kesesuaiannya             published for the public’s interest and their compliance with
           dengan Standar Akuntansi Keuangan (SAK) Indonesia.                 Indonesia Financial Accounting Standards (SAK).
      2.   Melakukan kajian atas rencana dan pelaksanaan audit          2.    Conduct a review of audit plans and implementation by the
           Auditor Eksternal dalam tugas meyakini mereka bahwa                External Auditor in convincing that the financial statements
           laporan keuangan telah disajikan sesuai dengan SAK dan             are presented in compliance with SAK and free from material
           bebas dari salah saji material.                                    mis-statement.
      3.   Melalui hasil kerja Auditor Eksternal melakukan oversight    3.    Through the work results of the External Auditor, conduct
           atas pengendalian internal dalam proses penyusunan laporan         oversight on internal control in preparing the financial
           keuangan yang diterapkan oleh Manajemen.                           statements applied by the Management.


      Untuk periode tahun 2023 Komite Audit Perseroan terdiri dari      For the 2023 period, the Company’s Audit Committee consists
      seorang ketua dan 2 (dua) anggota sebagai berikut:                of one chairman and 2 (two) members as follows:
      1.   Kanaka Puradiredja (Ketua/Komisaris Independen)              1.    Kanaka Puradiredja (Chairman/Independent Commissioner)
      2.   Soenarso Soemodiwirjo (Anggota/Profesional Independen)       2.    Soenarso Soemodiwirjo (Member/Independent Professional)
      3.   Mohammad Hassan (Anggota/Profesional Independen)             3.    Mohammad Hassan (Member/Independent Professional)


      Sepanjang tahun 2023, Komite Audit menyelenggarakan               Throughout the year 2023, the Audit Committee held 8 (eight)
      8 (delapan) kali pertemuan formal, dengan fokus utamanya          formal meetings, with the main focus on monitoring the
      adalah memonitor penyelesaian laporan keuangan Perseroan,         completion of the Company’s financial statements, both the
      baik laporan keuangan interim yang tidak diaudit dan tahunan      interim unaudited financial statements and the annual audited
      yang diaudit oleh Auditor Eksternal. Adapun tingkat kehadiran     version by the External Auditor. Level of attendance of members
      anggota Komite dalam rapat tersebut adalah sebagai berikut:       of the Committee at the meetings are as follows:




172    Bakrieland Laporan Tahunan 2023
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Analisis dan Pembahasan Manajemen           Laporan Tata Kelola Perusahaan      Tanggung Jawab Sosial Perusahaan Terintegrasi/Laporan Keberlanjutan
Management Discussion and Analysis           Corporate Governance Report            Integrated Corporate Social Responsibility/Sustainability Report




Adapun hal-hal yang dibahas dalam rapat-rapat tersebut antara         Matters discussed at the meetings, among others, are as follows:
lain adalah sebagai berikut:
a.   Membahas isu-isu dan progres audit eksternal atas Laporan        a.     Discuss the issues and progress of the external audit on the
     Keuangan Konsolidasian tahun 2022                                       2023 Unaudited Consolidated Financial Statements
b.   Membahas isu-isu dan mereview Laporan Keuangan Konsolidasian     b.     Discuss issues and review the Company’s 2023 Quarterly
     Triwulanan Perseroan tahun 2023 yang tidak diaudit sebelum              Consolidated Financial Statements prior to submission
     disampaikan kepada pihak Otoritas.                                      Authorities.
c.   Melakukan evaluasi kinerja auditor eksternal pada tahun          c.     Assess the performance of the external auditor during the
     audit 2022 dan merekomendasikan penunjukan Auditor                      2022 audit year and recommends the appointment of an
     Eksternal yang mengaudit Laporan Keuangan Konsolidasian                 External Auditor to audit the Company’s 2023 Consolidated
     Perseroan tahun 2023                                                    Financial Statements.
d.   Membahas perencanaan audit eksternal atas Laporan Keuangan       d.     Discuss plans for the external audit of the Company’s 2023
     Konsolidasian Perseroan tahun 2023.                                     Consolidated Financial Statements.




                                                       Jakarta, 26 Januari 2024
                                                       Jakarta, 26 January 2024




         Kanaka Puradiredja                            Mohammad Hassan                               Soenarso Soemodiwirjo
             Ketua Komite Audit/                   Anggota/Profesional Independen                    Anggota/Profesional Independen
            Komisaris Independen                  Member / Independent Professional               Member / Independent Professional
     Chairman of the Audit Committee/
         Independent Commissioner




                                                                                                          2023 Annual Report Bakrieland           173
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            Kilas Kinerja                   Profil Perusahaan                     Laporan Manajemen                  Unit Pendukung Bisnis
       Performance Highlights                Corporate Profile                    Management Report                   Business Support Unit




      KOMITE NOMINASI DAN REMUNERASI                                        NOMINATION AND REMUNERATION
                                                                            COMMITTEE

      Perseroan memiliki Komite Nominasi dan Remunerasi yang                The Company retains the Nomination and Remuneration
      dibentuk berdasarkan Surat Keputusan Dewan Komisaris No.001/          Committee established based on the Decree of the Board
      SK/Kom-BLD/07 tentang Pembentukan dan Pengangkatan                    of   Commissioners     No.   001/SK/Kom-BLD/07        regarding
      Komite Nominasi dan Remunerasi. Komite Nominasi dan                   Establishment and Appointment of the Nomination and
      Remunerasi merupakan organ pendukung Dewan Komisaris yang             Remuneration Committee. The Nomination and Remuneration
      bertugas membantu Dewan Komisaris dalam menjalankan fungsi            Committee is a support organ of the Board of Commissioners
      pengawasan dan memberikan nasihat kepada manajemen terkait            tasked with assisting the Board of Commissioners in carrying
      pengelolaan dan pengembangan Sumber Daya Manusia (SDM)                out the supervisory function and in providing advice to the
      termasuk proses remunerasi dan nominasi Dewan Komisaris               management related to the management and development
      dan Direksi Perseroan.                                                of Human Resources (HR) including the remuneration and
                                                                            nomination process of the Board of Commissioners and the
                                                                            Board of Directors of the Company.


      Komposisi dan Masa Jabatan Komite                                     Composition and Term of Office of the
      Nominasi dan Remunerasi                                               Nomination and Remuneration Committee
      Keanggotaan Komite Nominasi dan Remunerasi Perseroan                  Membership of the Company’s Nomination and Remuneration
      terdiri 1 (satu) orang Ketua Komite merangkap anggota yang            Committee consists of 1 (one) Committee Chairman concurrently
      merupakan Komisaris Independen sekaligus Anggota Komite               as a member, an Independent Commissioner and Member of
      Perseroan, 1 (satu) anggota komite yang merupakan anggota             the Company’s Committee, 1 (one) Committee Member who
      Dewan Komisaris, dan 1 (satu) anggota lainnya yang berasal            is also a member of the Board of Commissioners, and 1 (one)
      dari luar Perseroan.                                                  other member from outside of the Company.


      Masa jabatan anggota Komite Nominasi dan Remunerasi tidak             The term of office of members of the Nomination and
      boleh lebih lama dari masa jabatan Dewan Komisaris dan dapat          Remuneration Committee may not be longer than the term
      dipilih kembali hanya untuk 1 (satu) periode berikutnya.              of office of the Board of Commissioners and may be reppointed
                                                                            for only 1 (one) following period.


      Per 31 Desember 2023, komposisi Komite Nominasi dan                   As of 31 December 2023, the composition of the Nomination
      Remunerasi Perseroan adalah sebagai berikut:                          and Remuneration Committee of the Company is as follows:


                                Nama                             Jabatan                                    Periode Jabatan
         No
                                Name                             Position                                    Term of Office
          1       Kanaka Puradiredja            Ketua                                         2 Januari 2017 – jika perlu perubahan
                                                Chairman                                      2 January 2017 – when change is required
          2       Bambang Irawan Hendradi       Anggota                                       2 Januari 2017 – jika perlu perubahan
                                                Member                                        2 January 2017 – when change is required
          3       Handoko N. Soetrisno          Anggota                                       2 Januari 2017 – jika perlu perubahan
                                                Member                                        2 January 2017 – when change is required




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Analisis dan Pembahasan Manajemen             Laporan Tata Kelola Perusahaan      Tanggung Jawab Sosial Perusahaan Terintegrasi/Laporan Keberlanjutan
Management Discussion and Analysis             Corporate Governance Report            Integrated Corporate Social Responsibility/Sustainability Report




Profil Anggota Komite Nominasi dan                                      Profile of Members of the Nomination and
Remunerasi                                                              Remuneration Committee

Kanaka Puradiredja – Ketua                                              Kanaka Puradiredja – Chairman
Beliau diangkat sebagai Anggota Komite Nominasi dan                     He was appointed as Member of the Nomination and
Remunerasi berdasarkan Surat Keputusan Dewan Komisaris                  Remuneration Committee based on Decree of the Board
PT Bakrieland Development Tbk No. 001/KOM-PERSEROAN/                    of Commissioners of PT Bakrieland Development Tbk
SKDK/I/2017 tanggal 2 Januari 2017. Beliau memiliki rangkap             No. 001/KOM-PERSEROAN/SKDK/I/2017 dated 2 January 2017.
jabatan sebagai Komisaris Independen serta Ketua Komite Audit           He concurrently serves as Independent Commissioner as well
Perseroan. Profil beliau disajikan pada bagian profil Dewan             as Chairman of the Company’s Audit Committee. His profile is
Komisaris dalam Laporan Tahunan ini.                                    presented in te section of Profile of the Board of Commissioners
                                                                        in this Annual Report


Bambang Irawan Hendradi – Anggota                                       Bambang Irawan Hendradi – Member
Beliau diangkat sebagai Anggota Komite Nominasi dan                     He was appointed as Member of the Nomination and
Remunerasi berdasarkan Surat Keputusan Dewan Komisaris                  Remuneration Committee based on Decree of the Board of
PT Bakrieland Development Tbk No. 001/KOM-PERSEROAN/                    Commissioners of PT Bakrieland Development Tbk No. 001/
SKDK/I/2017 tanggal 2 Januari 2017. Beliau memiliki rangkap             KOM-PERSEROAN/SKDK/I/2017 dated 2 January 2017. He
jabatan sebagai Komisaris Utama Perseroan. Profil beliau telah          concurrently serves as President Commissioner of the Company.
tersajikan pada bab Profil Dewan Komisaris dalam Laporan                His profile is presented in the section on Board of Commissioners
Tahunan ini.                                                            Profile in this Annual Report.


 Handoko N. Soetrisno
 Anggota                                                  Member
 Warga Negara Indonesia, 53 tahun, domisili di Bekasi .   Indonesian nationality, 53 years of age, domicile in Bekasi.
 Dasar Pengangkatan:                                      Surat Keputusan Dewan Komisaris PT Bakrieland Development Tbk No. 001/KOM-
 Basis of Appointment                                     PERSEROAN/ SKDK/I/2017 tanggal 2 Januari 2017.
                                                          Decree of the Board of Commissioners of PT Bakrieland Development Tbk No. 001/
                                                          KOM-PERSEROAN/SKDK/II/2023.
 Riwayat Pendidikan:                                      Beliau menyelesaikan pendidikan Sarjana di Fakultas Ilmu Sosial dan Ilmu Politik,
 Educational Background                                   Jurusan Sosiologi (1993) dan menamatkan pendidikan S2 dengan spesialisasi
                                                          Manajemen (1995), keduanya dari Universitas Gadjah Mada, Yogyakarta.
                                                          He completed his Bachelor’s (Sarjana) degree education at the Faculty of Social and
                                                          Political Science, majoring in Sociology and his Master’s (S2) degree study specializing
                                                          in Management (1995), both from Universitas Gadjah Mada, Yogyakarta.
 Riwayat Karier:                                          Bergabung di PT Bakrieland Development Tbk Group sejak 2011 dan menjabat
 Professional Backgound                                   sebagai Chief Human Resource Officer (CHRO) di PT Graha Andrasentra Propertindo
                                                          Tbk (2011-2022), kemudian mendapat penugasan sebagai Pjs. Chief Corporate
                                                          Human Capital Officer di PT Bakrieland Development Tbk (2017-sekarang).
                                                          Sebelumnya beliau berkarir sebagai Deputy Division Head di PT Indomobil Sukses
                                                          Internasional Tbk (2003-2010), HR Department Head di PT Lippo Karawaci Tbk
                                                          (2000-2003), Compensation & Personnel Admin Manager di PT Gillette Indonesia
                                                          (1999-2000), dan Remuneration & Benefits Manager di PT Delta Djakarta Tbk (1995-
                                                          1999).
                                                          He joined PT BakrielandDevelopment Tbk Group since 2011 and appointed as
                                                          Chief of Human Resources Office (CHRO) at PT Graha Andrasentra Propertindo
                                                          Tbk (2011-present), then appointed as Pjs. (Temporary) Chef Human Capital Officer
                                                          at PT Bakrieland Development Tbk (2017-present). Previously, he pursued his
                                                          career as Deputy Head at PT Indomobil Sukses Internasional Tbk (2003-2010), HR
                                                          Department Head at PT Lippo Karawaci Tbk (2000-2003), Compensation & Personnel
                                                          Administration Manager at PT Gillette Indonesia (1999-2000), and Remuneration &
                                                          Benefits Manager at PT Delta Djakarta Tbk (1995-1999).
 Rangkap Jabatan:                                         Beliau tidak memiliki rangkap jabatan sebagai anggota Direksi, anggota Dewan
 Concurrent Position                                      Komisaris, dan/atau anggota komite lainnya.
                                                          He has no concurrent position as a member of the Board of Directors, member of
                                                          the Board of Commissioners, and/or member of other committees.




                                                                                                              2023 Annual Report Bakrieland          175
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            Kilas Kinerja                    Profil Perusahaan                  Laporan Manajemen                  Unit Pendukung Bisnis
       Performance Highlights                 Corporate Profile                 Management Report                   Business Support Unit




      Independensi Komite Nominasi dan                                   Independency of the Nomination and
      Remunerasi                                                         Remuneration Committee
      Komite Nominasi dan Remunerasi senantiasa menjalankan tugas        The Nomination and Remuneration Committee always
      dan tanggung jawab secara profesional dan independen serta         performs its duties and responsibilities professionally and
      memegang teguh sikap integritas dengan tidak melakukan             independently as well as firmly holding on to the principle of
      kegiatan atau aktivitas apapun yang berpotensi menimbulkan         integrity by not conducting any activity that can potentially
      konflik benturan kepentingan. Independensi Komite Nominasi         cause conflict of interest. The independence of the Nomination
      dan Remunerasi ditunjukkan melalui keberadaan satu orang           and Remuneration Committee is portrayed through the
      Komisaris Independen dalam struktur organisasi komite yang         presence of one Independent Commissioner in the committee’s
      bertindak sebagai Ketua, serta hadirnya dua anggota lainnya        organizational structure acting as Chairman, and the presence
      yang masing-masing merupakan Komisaris Utama dan pihak             of two other members, each as the President Commissioner
      eksternal yang independen.                                         and an independent external party.


      Tugas dan Tanggung Jawab Komite                                    Duties and Responsibilities of the
      Nominasi dan Remunerasi                                            Nomination and Remuneration Committee
      Tugas dan tanggung jawab Komite Nominasi dan Remunerasi            The duties and responsibilities of the Nomination and
      mencakup hal-hal sebagai berikut:                                  Remuneration Committee include the following:
      1.   Menyusun kriteria seleksi dan prosedur nominasi anggota       1.   Prepare the selection criteria and nomination procedures
           Dewan Komisaris, Direksi dan para eksekutif, sampai dengan         for members of the Board of Commissioners, the Board
           satu tingkat di bawah Direksi.                                     of Directors and executives to one level below the Board
                                                                              of Directors.
      2.   Membuat sistem penilaian dan memberikan rekomendasi           2.   Establish the assessment system and provide recommendations
           tentang jumlah anggota Dewan Komisaris dan Direksi.                on the number of members of the Board of Commissioners
                                                                              and the Board of Directors.
      3.   Terlibat dalam proses perekrutan (wawancara) dan memberikan   3.   Involve in the recruitment process (interview) and provide
           rekomendasi atas calon anggota Dewan Komisaris, Direksi            recommendations on member candidates of the Board of
           dan para eksekutif sampai dengan satu tingkat di bawah             Commissioners, the Board of Directors and executives to
           Direksi agar tercipta penempatan orang yang tepat pada             one level below the Board of Directors so as to obtain the
           posisi yang tepat.                                                 placement of the right man in the right position.
      4.   Memberikan rekomendasi tentang kebijakan besaran gaji,        4.   Provide recommendations on the policies regarding the amount
           tunjangan dan fasilitas yang kompetitif dan mengacu pada           of salary, allowances and facilities that are competitive and
           perkembangan pasar, untuk anggota Dewan Komisaris dan              refer to market developments, for members of the Board
           anggota Direksi.                                                   of Commissioners and members of the Board of Directors.
      5.   Mengawasi proses pelaksanaan nominasi dan remunerasi          5.   Oversee the implementation of nomination and remuneration
           agar tidak menyimpang dari prosedur yang telah ditetapkan.         process so as to not deviate from the applicable set of
                                                                              procedures.
      6.   Mengadakan pertemuan rutin para anggota Komite minimal        6.   Hold routine meetings of members of the Committee at
           4 (empat) bulan sekali atau 3 (tiga) kali dalam setahun,           least once in 4 (four) months or 3 (three) times in one year,
           masing-masing pertemuan dihadiri oleh minimal 2 (dua)              with each meeting attended by at least 2 (two) Committee
           anggota Komite yang salah satunya adalah Ketua Komite,             members of which include the Committee Chairman, and
           dan membuat berita acara pertemuan.                                produce the minutes of meeting.




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Analisis dan Pembahasan Manajemen                 Laporan Tata Kelola Perusahaan       Tanggung Jawab Sosial Perusahaan Terintegrasi/Laporan Keberlanjutan
Management Discussion and Analysis                 Corporate Governance Report             Integrated Corporate Social Responsibility/Sustainability Report




Piagam Komite Nominasi dan Remunerasi                                       Charter of the Nomination and Remuneration
                                                                            Committee
Komite Nominasi dan Remunerasi Perseroan telah memiliki                     The Nomination and Remuneration Committee of the Company
piagam yang digunakan sebagai pedoman tata cara                             retains a charter that is used as guidelines on the implementation
pelaksanaan kegiatan operasional yang secara terus menerus                  procedures of operational activities that is continually refined
disempurnakan dan diperbaharui sesuai dengan perkembangan                   and updated in accordance with developments in applicable
peraturan perundang-undangan yang berlaku serta kondisi                     laws and regulations as well as in current conditions. Renewal/
terkini. Pembaharuan/penyempurnaan atas Piagam Komite                       refinement of the Nomination and Remuneration Committee
Nominasi dan Remunerasi Perseroan terakhir dilakukan pada                   Charter was last conducted on 5 June 2015. In general, the
5 Juni 2015. Secara umum, Piagam Komite Nominasi dan                        Charter of the Nomination and Remuneration Committee of
Remunerasi Perseroan berisi tentang pengaturan tentang                      the Company contains regulations on membership, duties,
keanggotaan, tugas, rapat, serta pelaporan Komite.                          meetings, and Committee reporting.


Rapat Komite Nominasi dan Remunerasi                                        Meeting Frequency and Level of Attendance

Kebijakan Rapat                                                             Meeting Policy
Komite Nominasi dan Remunerasi mengadakan rapat secara                      The Nomination and Remuneration Committee holds
berkala sekurang-kurangnya 1 (satu) kali dalam 4 (empat) bulan              periodic meetings at least 1 (one) time in 4 (four) months or
atau 3 (tiga) kali selama setahun. Adapun metode pengambilan                3 (three) times in a year. The method of decision-making in
keputusan dalam rapat Komite Nominasi dan Remunerasi dapat                  the Nomination and Remuneration Committee meetings is
dilakukan apabila sekurang-kurangnya dihadiri oleh lebih dari               conducted if they are at least attended by more than ½ (ne-half)
1/2 (satu per dua) dari jumlah anggota termasuk seorang                     of the total members including an Independent Commissioner.
Komisaris Independen.


Jumlah Rapat dan Frekuensi Kehadiran                                        Number of Meeting and Frequency of Attendance
Selama tahun 2023, Komite Nominasi dan Remunerasi telah                     During the year 2023, the Nomination and Remuneration
menyelenggarakan 2 (dua) kali rapat dengan uraian tingkat                   Committee held 2 (two) meetings with details of the level of
kehadiran masing-masing anggota adalah sebagai berikut:                     attendance of each member as follows:

                Nama                            Jabatan                  Jumlah Rapat             Jumlah Kehadiran           Tingkat Kehadiran
  No
                Name                            Position                 Total Meeting             Total Attendance           Attendance Rate
   1     Kanaka Puradiredja          Ketua                                         2                        2                       100%
                                     Chairman
   2     Bambang Irawan              Anggota                                       2                        2                       100%
         Hendradi                    Member
   3     Handoko N. Soetrisno        Anggota                                       2                        2                       100%
                                     Member




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           Kilas Kinerja                      Profil Perusahaan                     Laporan Manajemen                 Unit Pendukung Bisnis
      Performance Highlights                   Corporate Profile                    Management Report                  Business Support Unit




      Agenda Rapat dan Kehadiran Komite Nominasi                             Nomination and Remuneration Committee
      dan Remunerasi                                                         Meeting Agenda and Attendance
                                                                                                                            Kehadiran
                     Tanggal                                       Agenda Rapat                                             Attendance
       No
                      Date                                         Meeting Agenda
                                                                                                                     KP        IHS       HNS
       1      1 September 2023       Membahas usulan tentang kebijakan dan pedoman yang mengatur tentang              √         √         √
              1 September 2023       penetapan kompensasi / penghargaan atas masa kerja bagi Dewan Komisaris
                                     dan Direksi pada saat masa jabatannya berakhir.
                                     Discuss proposals for policies and guidelines that regulate the establishment
                                     of compensation/reward for years of service by members of the Board of
                                     Commissioners and the Board of Directors upon completion of their terms of
                                     office.
       2      15 Desember 2023       Membahas usulan tentang kebijakan dan pedoman pemberian remunerasi               √         √         √
              15 December 2023       bagi Dewan Komisaris dan Direksi yang berhenti dan/atau diberhentikan dari
                                     jabatannya sebelum adanya Keputusan definitive melalui mekanismen Rapat
                                     Umum Pemegang Saham (“RUPS”).
                                     Discuss proposals for policies and guidelines on providing remuneration for
                                     members of the Board of Commissioners and the Board of Directors who
                                     resigned and/or dismissed from their positions prior to definitive Decisions
                                     through the General Meeting of Shareholders (“GMS”) mechanism.
      Total Kehadiran
                                                                                                                      2         2         2
      Total Attendance
      Persentase Kehadiran Rapat
                                                                                                                     100%     100%       100%
      Percentage of Meeting Attendance
      Keterangan I Note:
      KP: Kanaka Puradiredja
      IHS: Bambang Irawan Hendradi
      HNS: Handoko N. Soetrisno




178   Bakrieland Laporan Tahunan 2023
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Analisis dan Pembahasan Manajemen         Laporan Tata Kelola Perusahaan      Tanggung Jawab Sosial Perusahaan Terintegrasi/Laporan Keberlanjutan
Management Discussion and Analysis         Corporate Governance Report            Integrated Corporate Social Responsibility/Sustainability Report




Pelatihan Komite Nominasi dan Remunerasi                            Training of the Nomination and
                                                                    Remuneration Committee
Komite Nominasi dan Remunerasi mengikuti program pelatihan          The Nomination and Remuneration Committee joins training
dan pengembangan kompetensi dengan inisiatif pribadi di luar        and competency development Programs on personal initiative
lingkungan Perseroan.                                               outside of the Company.


Pelaksanaan Kegiatan Komite Nominasi dan                            Implementation of Activities of the
Remunerasi Tahun 2023                                               Nomination and Remuneration Committee
Sepanjang tahun 2023, Komite Nominasi dan Remunerasi telah          Throughout the year 2023, the Nomination and Remuneration
melaksanakan tugas dan tanggung jawab dengan cakupan                Committee carried out its duties and responsibilities which cover
sebagai berikut:                                                    the following:
1.   Membahas usulan tentang kebijakan dan pedoman yang             1.     Discussion on proposals on policies and guidelines that
     mengatur tentang penetapan kompensasi / penghargaan                   regulate the establishment of compensation/rewards for
     atas masa kerja bagi Dewan Komisaris dan Direksi pada                 years of service of members of the Board of Commissioners
     saat masa jabatannya berakhir.                                        and the Board of Directors upon completion of their terms
                                                                           of office.
2.   Membahas tentang kebijakan dan pedoman pemberian               2.     Discussion on policies and guidelines on providing remuneration
     remunerasi bagi Dewan Komisaris dan Direksi yang berhenti             for members of the Board of Commissioners and the Board of
     dan/atau diberhentikan dari jabatannya sebelum adanya                 Directors who resigned and/or dismissed from their positions
     Keputusan definitive melalui mekanismen Rapat Umum                    prior to definitive Decisions through the General Meeting
     Pemegang Saham.                                                       of Shareholders mechanism.




                                                                                                        2023 Annual Report Bakrieland           179
Page 182
            Kilas Kinerja                   Profil Perusahaan                Laporan Manajemen                Unit Pendukung Bisnis
       Performance Highlights                Corporate Profile               Management Report                 Business Support Unit




      LAPORAN KOMITE NOMINASI                                          NOMINATION AND REMUNERATION
      DAN REMUNERASI                                                   COMMITTEE REPORT

      Kepada Yth:                                                      To
      Dewan Komisaris                                                  The Board of Commissioners
      PT Bakrieland Development Tbk                                    PT Bakrieland Development Tbk
      Wisma Bakrie 1, Lantai 6,                                        Wisma Bakrie 1, 6th Floor
      Jalan HR. Rasuna Said Kav. B-1,                                  Jalan HR Rasuna Said Kav. B-1
      Jakarta 12920                                                    Jakarta 12920


      Laporan Tahunan Pelaksanaan Kegiatan Komite Nominasi             Annual Report on the Implementation of Activities of the
      dan Remunerasi untuk Tahun yang Berakhir pada Tanggal            Nomination and Remuneration Committee for the Year which
      31 Desember 2023.                                                Ended on 31 December 2023.


      Laporan kepada Dewan Komisaris ini disusun dengan                This report to the Board of Commissioners is prepared with
      mempertimbangkan ketentuan Komite Nasional Kebijakan             taking into account the provisions of the National Committee
      Governansi (KNKG) pada Pedoman Umum Good Corporate               on Governance Policy (KNKG) on Indonesia’s General Guidelines
      Governance (“GCG”) Indonesia dan Peraturan Otoritas Jasa         of Good Corporate Governance (“GCG”) and Regulation of
      Keuangan (POJK) No.34/POJK.04/2014 tentang Komite                the Financial Services Authority (POJK) No. 34/POJK.04/2014
      Nominasi dan Remunerasi Emiten atau Perusahaan Publik.           regarding the Nomination and Remuneration Committee of
                                                                       Issuers or Public Companies.


      Adapun susunan keanggotaan Komite berdasarkan Surat              The composition of membership of the Committee, based on
      Keputusan Dewan Komisaris PT Bakrieland Development Tbk          the Decree of the Board of Commissioners of PT Bakrieland
      No.001/KOM-PERSEROAN/SKDK/I/2017 tanggal 2 Januari 2017          Development Tbk No. 001/KOM-PERSEROAN/SKDK/I/2017
      tentang Perubahan Susunan Keanggotaan Komite Nominasi            dated 2 January 2017 regarding the Change in Membership
      dan Remunerasi, yaitu menjadi sebagai berikut:                   Composition of the Nomination and Remuneration Committee,
                                                                       is namely as follows:
      1.   Kanaka Puradiredja                                          1.   Kanaka Puradiredja
           Ketua / Komisaris Independen                                     Chairman/ Independent Commissioner
      2.   Bambang Irawan Hendradi                                     2.   Bambang Irawan Hendradi
           Anggota / Komisaris Utama                                        Member/President Commissioner
      3.   Handoko N. Soetrisno                                        3.   Handoko N. Soetrisno
           Anggota / Chief Corporate Human Capital Officer                  Member/Chief Corporate Human Capital Officer


      Selama tahun 2023, Komite Nominasi dan Remunerasi telah          Throughout the year 2023, the Nomination and Remuneration
      menyelenggarakan rapat sebanyak 3 (tiga) kali dengan kehadiran   Committee held 3 (three) meetings with 100% attendance of
      100% seluruh anggotanya.                                         all of the members.




180    Bakrieland Laporan Tahunan 2023
Page 183
Analisis dan Pembahasan Manajemen         Laporan Tata Kelola Perusahaan      Tanggung Jawab Sosial Perusahaan Terintegrasi/Laporan Keberlanjutan
Management Discussion and Analysis         Corporate Governance Report            Integrated Corporate Social Responsibility/Sustainability Report




Adapun pokok bahasan dalam rapat-rapat tersebut diantaranya         Discussions during these meetings, among others, are as follows:
adalah:
1.   Membahas usulan tentang kebijakan dan pedoman yang             1.     Discussion on recommendations concerning policies and
     mengatur tentang penetapan kompensasi / penghargaan                   guidelines which regulate the establishment of compensation/
     atas masa kerja bagi Dewan Komisaris dan Direksi pada                 appreciation for the period of services of members of the
     saat masa jabatannya berakhir.                                        Board of Commissioners and the Board of Directors upon
                                                                           completion of their term of office.
2.   Membahas tentang kebijakan dan pedoman pemberian               2.     Discussion on policies and guidelines on the provision of
     remunerasi bagi Dewan Komisaris dan Direksi yang berhenti             remuneration for members of the Board of Commissioners
     dan/atau diberhentikan dari jabatannya sebelum adanya                 and the Board of Directors who resigned and/or dismissed
     Keputusan definitive melalui mekanismen Rapat Umum                    from their positions prior to definitive Decisions through
     Pemegang Saham.                                                       the General Meeting of Shareholders mechanism.


Selain itu, pada tahun 2023, total kompensasi remunerasi yang       Moreover, in the year 2023, the total compensation for
dibayarkan kepada seluruh anggota Dewan Komisaris dan Direksi       remuneration disbursed to all members of the Board of
sebesar Rp6.409.112.000,- (enam miliar empat ratus sembilan         Commissioners and the Board of Directors amounted to
juta seratus dua belas ribu rupiah).                                Rp6,409,112,000,- (six billion four hundred nine million one
                                                                    hundred twelve thousand rupiah).




                                                  Jakarta, 21 Desember 2023
                                                  Jakarta, 21 December 2023




          Kanaka Puradiredja                 Bambang Irawan Hendradi                              Handoko N. Soetrisno
                    Ketua                                    Anggota                                          Anggota
                  Chairman                                   Member                                           Member




                                                                                                        2023 Annual Report Bakrieland           181
Page 184
            Kilas Kinerja                       Profil Perusahaan              Laporan Manajemen                       Unit Pendukung Bisnis
       Performance Highlights                    Corporate Profile             Management Report                        Business Support Unit




      KOMITE DI BAWAH DIREKSI                                           COMMITTEES                UNDER           THE       BOARD          OF
                                                                        DIRECTORS

      Perseroan tidak memiliki komite lain yang berada di bawah         The Company does not have other committees under the Board
      Direksi.                                                          of Directors.


      SEKRETARIS PERUSAHAAN                                             CORPORATE SECRETARY

      Sebagai perusahaan publik, Perseroan memiliki organ Sekretaris    As a public company, the Company retains the organ of
      Perusahaan yang pembentukannya mengacu pada ketentuan             Corporate Secretary established with reference to POJK No. 35/
      POJK No. 35/POJK.04/2014 tentang Sekretaris Perusahaan            POJK.04/2014 regarding Corporate Secretary of Issuers or Public
      Emiten atau Perusahaan Publik. Perseroan telah menunjuk           Companies. The Company appointed the Corporate Secretary
      Sekretaris Perusahaan melalui Surat Keputusan Direksi             through a Decree of the Board of Directors of PT Bakrieland
      PT Bakrieland Development Tbk No. 001/DIR-PERSEROAN/              Development Tbk No. 001/DIR-PERSEROAN/SKD/I/2022 dated
      SKD/I/2022 tanggal 3 Januari 2022.                                3 January 2022.


      Profil Sekretaris Perusahaan                                      Profile of the Corporate Secretary

       Harsya Novwan
       Warga Negara Indonesia, 45 tahun, domisili di Jakarta.          Indonesian nationality, 45 years of age, domicile in Jakarta.
       Dasar Pengangkatan:                                             Surat Keputusan Direksi PT Bakrieland Development Tbk No. 001/
       Basis of Appointment                                            DIR-PERSEROAN/SKD/I/2022 tanggal 3 Januari 2022.
                                                                       Decree of the Board of Directors of PT Bakrieland Development Tbk
                                                                       No. 001/DIR-PERSEROAN/SKD/I/2022 dated 3 January 2022.
       Riwayat Pendidikan:                                             Beliau menyelesaikan pendidikan Fakultas Hukum Universitas Trisakti
       Educational Background                                          dan memperoleh gelar Magister Hukum Ekonomi dari Fakultas
                                                                       Hukum Universitas Indonesia. Beliau juga mengikuti Summers School
                                                                       yang diselenggarakan atas kerja sama antara German Academic
                                                                       Exchange Service, Bayreuth University dan Universitas Parahyangan
                                                                       dengan Jurusan Hukum Ekonomi, dengan fokus pada Hukum
                                                                       Persaingan, Hukum Perusahaan, Kontrak Komersial Internasional,
                                                                       dan Hukum Perdagangan Internasional, dan juga mengikuti beberapa
                                                                       kursus pelatihan profesional hukum di bidang Pasar Modal, Hukum
                                                                       Kepailitan dan Persaingan Usaha.
                                                                       He completed his education at the Faculty of Law of Universitas
                                                                       Trisakti and obtained a Master’s (Magister) degree in Economic Law
                                                                       from the Faculty of Law of Universitas Indonesia. He joined the
                                                                       Summer School, a collaboration program of the German Academic
                                                                       Exchange Service, Bayreuth University and Universitas Parahyangan,
                                                                       Majoring in Economic Law with a focus on Competition Law, Corporate
                                                                       Law, International Commercial Contract, and International Trade Law.
                                                                       He also took part in a number of law professional training courses on
                                                                       Capital Market, Bancruptcy Law and Business Competition.
       Riwayat Karier:                                                 Beliau memiliki pengalaman praktik hukum yang luas, termasuk
       Professional Backgound                                          selama lebih dari 15 tahun sebagai Pengacara Korporat dan
                                                                       Pengacara Litigasi Komersial. Sebelum bergabung dengan PT
                                                                       Bakrieland Development Tbk sebagai Kepala Divisi Hukum, Beliau
                                                                       pernah bekerja di PT Bakrie Toll Road sebagai Kepala Divisi Hukum,
                                                                       Pengacara di Kantor Hukum Syam & Syam, Lontoh and Partner dan
                                                                       Lawrence T.P. Siburian & Associates. Beliau adalah Advokat Terdaftar
                                                                       pada PERADI.
                                                                       He has extensive experience in law practice, including more than 15
                                                                       years as a Corporate Lawyer and Commercial Litigation Lawyer. Prior
                                                                       to joining PT Bakrieland Development Tbk as Legal Division Head, he
                                                                       worked at PT Bakrie Toll Road as Legal Division Head, a Lawyer at Syam
                                                                       & Syam, Lontoh and Partner Law Firm, and at Lawrence T.P. Siburian &
                                                                       Associates. He is a Registered Advocate in PERADI.




182    Bakrieland Laporan Tahunan 2023
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Analisis dan Pembahasan Manajemen                Laporan Tata Kelola Perusahaan     Tanggung Jawab Sosial Perusahaan Terintegrasi/Laporan Keberlanjutan
Management Discussion and Analysis                Corporate Governance Report           Integrated Corporate Social Responsibility/Sustainability Report




Pelatihan Sekretaris Perusahaan                                            Training of the Corporate Secretary
Sekretaris Perusahaan berpartisipasi dalam berbagai                        The Corporate Secretary joins various training programs
pelatihan yang diselenggarakan oleh berbagai pihak seperti                 organized by such parties as IDX and OJK. Following are the
BEI dan OJK. Berikut adalah pelatihan yang diikuti oleh                    training programs participated by the Corporate Secretary
Sekretaris Perusahaan selama tahun 2023:                                   during the year 2023:

               Tanggal                      Penyelenggara                               Topik Pelatihan                             Tempat
  No
                Date                          Organizer                                 Topic of Training                            Place
   1     30 Mei 2023                 Indonesia Corporate             Effective Risk Management for Corsec                           Webinar
         30 May 2023                 Secretary Association (ICSA)
   2     10 Juni 2023                Bursa Efek Indonesia (BEI)      Etika dalam Bisnis, Ekonomi dan Lingkungan                     Webinar
         10 June 2023                Indonesia Stock Exchange        Ethics in Business, Economy and Environment
                                     (IDX)
   3     13 Juni 2023                Asosiasi Emiten Indonesia       Diskusi Strategi dan Penerapan UU P2SK Bagi Perusahaan         Webinar
         13 June 2023                (AEI)                           Terbuka
                                     Indonesia Issuers Association   Discussion on the Strategy and Implementation of the
                                     (AEI)                           P2PSK Law for Public Companies
   4     26 Juni 2023                BEI                             Sosialisasi Peraturan Nomor I-L                                Webinar
         26 June 2023                                                Socialization of Regulation Number I-L
   5     27 Juni 2023                ICSA                            Strengthening the Board's Succession : A Framework for         Webinar
         27 June 2023                                                Board Performance & Evaluation
   6     13 Juli 2023                ICSA                            Pedalaman POJK No. 42/POJK.04/2020 tentang Transaksi           Webinar
         13 July 2023                                                Afiliasi dan Transaksi Benturan Kepentingan
                                                                     In-Depth Review of POJK No. 42/POJK.04/2020 regarding
                                                                     Affiliation Transactions and Transactions of Conflict of
                                                                     Interest
   7     2 Agustus 2023              ICSA                            Strategi Ketahanan Perlindungan Data pada Perusahaan           Webinar
         2 August 2023                                               The Strategy of Resilience in Data Protection in Companies
   8     3 Agustus 2023              BEI                             Sosialisasi Perubahan Peraturan No. I-V tentang                Webinar
         3 August 2023                                               Ketentuan Khusus Pencatatan Saham
                                                                     Socialization of Amendment to Law No. I-V regarding
                                                                     Special Provisions on Share Listing
   9     22 Agustus 2023             BEI                             Compliance Refreshment Emiten dan Perusahaan Publik            Webinar
         22 August 2023                                              Refreshment on Compliance of Issuers and Public
                                                                     Companies
  10     24 Agustus 2023             ICSA                            Pendalaman SEOJK Nomor 33/2022 tentang Pedoman                 Webinar
         24 August 2023                                              Pelaksanaan Penawaran Efek yang Bukan Penawaran
                                                                     Umum
                                                                     In-Depth Review of SEOJK No. 33/2022 regarding
                                                                     Guidelines for Implementation of Securities Offering That
                                                                     Is Not Public Offering
  11     26 September 2023           AEI                             Pemahaman atas Penerapan PMK Nomor 72 Tahun 2023               Webinar
         26 September 2023                                           tentang Harta Berwujud dan/atau Amortisasi Harta Tak
                                                                     Berwujud
                                                                     Understanding the Implementation of PMK No. 72 of Year
                                                                     2023 regarding Tangible Assets and/or Amortization of
                                                                     Intangible Assets
  12     3 Oktober 2023              ICSA                            Listed Companies Compliance Refreshment                        Webinar
         3 October 2023
  13     6 Oktober 2023              BEI                             Penjelasan Atas Peraturan Bursa No. I-A Tahun 2021             Webinar
         6 October 2023                                              Terkait Ketentuan Free Float dan Penggunaan Form E009
                                                                     pada Sistem Pelaporan SPE IDXnet
                                                                     Explanation of Exchange Regulation No. I-A of Year 2021
                                                                     regarding Free Float Provisions and Use of Form E009 in
                                                                     the IDXnet SPE Reporting System
  14     12 Oktober 2023             ICSA                            The Corporate Governance Officer’s Role in Driving             Webinar
         12 October 2023                                             Digital Resilience




                                                                                                               2023 Annual Report Bakrieland          183
Page 186
            Kilas Kinerja                         Profil Perusahaan                     Laporan Manajemen                 Unit Pendukung Bisnis
       Performance Highlights                      Corporate Profile                    Management Report                  Business Support Unit




                           Tanggal               Penyelenggara                               Topik Pelatihan                          Tempat
       No
                            Date                   Organizer                                 Topic of Training                         Place
           15        19 Oktober 2023      BEI                           Sosialisasi terkait Panduan Pengisian Form Informasi DES      Webinar
                     19 October 2023                                    (Form E088) dalam rangka Pilot Project Sistem Informasi
                                                                        Daftar Efek Syariah (SIDES)
                                                                        Socialization related to Guidelines for Filling Out DES
                                                                        (Form E088) Information Form in the context of Sharia
                                                                        Securities Listing Information System (SIDES) Project
           16        23 Oktober 2023      BEI                           Kebijakan Dalam Menjaga Kinerja Dan Stabilitas Pasar          Webinar
                     23 October 2023                                    Modal Pada Kondisi Pasar Yang Berfluktuasi Signifikan
                                                                        Policy for Maintaining Peformance and Stability of the
                                                                        Capital Market in Market Conditions That Significantly
                                                                        Fluctuate

           17        21 November 2023     AEI                           Pengenalan PMK Nomor 80/2023 tentang Tata Cara                Webinar
                     21 November 2023                                   Penerbitan Surat Ketetapan Pajak dan Surat Tagihan
                                                                        Pajak pada tgl 24 Agustus 2023
                                                                        Introduction of PMK No. 80/2023 regarding Procedures
                                                                        for Issuing Tax Assessment Letters and Tax Collection
                                                                        Letters on 24 August 2023
           18        23 November 2023     ICSA                          Pendalaman Peraturan Otoritas Jasa Keuangan Nomor             Webinar
                     23 November 2023                                   15/POJK.04/2020 tentang Rencana Penyelenggaraan
                                                                        dan Rapat Umum Pemegang Saham Perusahaan Terbuka
                                                                        Confirmation
                                                                        In-Depth Review of the Financial Services Authority
                                                                        Regulation (POJK) No. 15/POJK.04/2020 regarding
                                                                        Confirmation on Implementation Plan and General
                                                                        Meeting of Shareholders of Public Companies



      Pelaksanaan Tugas Sekretaris Perusahaan                                 Implementation of Duties of Corporate
                                                                              Secretary
      Pelaksanaan tugas Sekretaris Perusahaan selama tahun 2023,              Implementation of duties of the Corporate Secretary during
      di antaranya sebagai berikut:                                           the year 2023, among others, includes the following:
      1.        Melakukan pelaporan informasi dan fakta material melalui      1.   Conduct reporting of material information and facts through
                surat kepada OJK dan electronic reporting kepada BEI;              letters to OJK and electronic reporting to IDX;
      2.        Memastikan Perseroan sudah mematuhi peraturan pasar           2.   Ensure that the Company complies with regulations of the
                modal, termasuk perkembangan peraturan baru. Perseroan             capital market, including development of new regulations. The
                menerbitkan 1 (satu) Laporan Keuangan Tahunan Teraudit             Company issued 1 (one) Audited Annual Financial Statements
                2022, (tiga) Laporan Keuangan Triwulan 2023 dan 1 (satu)           of 2022, 3 (three) Quarterly Financial Statements of 2023
                Laporan Tahunan (Annual Report) 2022;                              and 1 (one) Annual Report of 2022;
      3.        Melakukan korespondensi dengan regulator Pasar Modal          3.   Keep correspondence (63 times) with the regulator of the
                selama 2023 sebanyak 63 kali;                                      Capital Market during 2023;
      4.        Menyampaikan keterbukaan informasi terkait Perseroan          4.   Convey the disclosure of information related to the Company
                melalui berbagai media dan saluran komunikasi termasuk:            through various communication media and channels, including
                                                                                   the following:
                a.   RUPS yaitu RUPS Tahunan tanggal 24 Juli 2023,                 a.     GMS is Annual GMS dated 24 July 2023, 23 October
                     23 Oktober 2023 dan 8 November 2023.                                 2023 and 8 November 2023.
                b.   Paparan publik terkait kinerja Perseroan pada                 b.     Public Expose related to the Company’s performance
                     8 November 2023.                                                     on 8 November 2023.
                c.   Pengkinian situs web secara berkala.                          c.     Update website periodically.




184    Bakrieland Laporan Tahunan 2023
Page 187
Analisis dan Pembahasan Manajemen            Laporan Tata Kelola Perusahaan   Tanggung Jawab Sosial Perusahaan Terintegrasi/Laporan Keberlanjutan
Management Discussion and Analysis            Corporate Governance Report         Integrated Corporate Social Responsibility/Sustainability Report




Rencana Program Sekretaris Perusahaan                                  Program Plan of Corporate Secretary in 2024
Tahun 2024
Kedepan, Sekretaris Perusahaan berkomitmen untuk lebih                 Ahead, the Corporate Secretary is committed to being more
konsisten mengikuti pelatihan/sosialisasi/workshop di bidang           consistent   in   following    training/socialization/workshop
Pasar Modal untuk dapat mengupdate peraturan-peraturan                 programs on the Capital Market to update new regulations in
baru di bidang Pasar Modal.                                            the Capital Market field.


Keterbukaan Informasi                                                  Disclosure of Information
Divisi Corporate Secretary dan Corporate Investor Relation             The Corporate Secretary and Investor Relation Divisions are
berkomitmen untuk menerapkan kebijakan yang transparan                 committed to implementing policies that are transparent in
terkait komunikasi perusahaan sebagaimana terangkum dalam              connection with the Company’s communication as contained
Pedoman Pengungkapan Informasi PT Bakrieland Development               in the Company’s Information Disclosure Guidelines of
Tbk yang ditetapkan melalui Surat Keputusan Direksi                    PT Bakrieland Development Tbk established through Decree
No. 124/SK/DIR-BLD/VII/08 dan Kebijakan Komunikasi dengan              of the Board of Directors No. 124/SK/DIR-BLD/VII/08 and the
Para Pemegang Saham Perseroan yang ditetapkan dengan Surat             Policy on communication with the Company’s Shareholders
Keputusan Direksi No. 125/SK/DIR-BLD/VII/08. Hal ini dilakukan         established through Decree of the Board of Directors
sebagai bagian dari wujud kepatuhan Perseroan terhadap                 No. 125/SK/DIR-BLD/VII/08. This is done as part of the
ketentuan POJK No. 31/POJK.04/2015 tentang Keterbukaan                 manifestation of the Company’s compliance with provisions
atas Informasi atau Fakta Material oleh Emiten atau Perusahaan         of POJK No. 31/POJK.04/2015 regarding Disclosure of Material
Publik.                                                                Information or Facts by Issuers or Public Companies.


Mengacu pada kebijakan tersebut, Perseroan secara transparan           Referring to the above policies, the Company transparently
mengungkapkan hal-hal yang telah disyaratkan oleh peraturan            discloses matters that are required by applicable laws and
perundang-undangan berlaku serta hal-hal yang material dalam           regulations as well as matters that are material in decision-
pengambilan keputusan oleh seluruh pemangku kepentingan.               making by all stakeholders.


Sepanjang     tahun     2023,   Perusahaan    tidak   melakukan        Throughout the year 2023, the Company does not carry out
korespondensi dengan Otoritas Jasa Keuangan (OJK) dan Bursa            correspondence with the Financial Services Authority (OJK)
Efek Indonesia (BEI).                                                  and the Indonesian Stock Exchange (IDX).


Akses Informasi Publik                                                 Public Access to Information
Seluruh aktivitas publikasi Perseroan dapat diakses melalui situs      All Company publication activities may be accessed through
web www.bakrieland.com yang memuat beragam informasi                   the website www.bakrieland.com which contains a variety
terkini seperti kemajuan proyek, aksi korporasi, dan informasi         of the latest information such as project progress, corporate
penting lainnya. Secara keseluruhan, isi situs web Perseroan           action, and other important information. Overall, the content
telah mengikuti ketentuan POJK No.8/POJK.04/2015 tentang               of the Company’s website is in line with the provisions of POJK
Situs Web Emiten atau Perusahaan Publik.                               No.8/POJK.04/2015 regarding Website of Issuers or Public
                                                                       Companies.


Corporate Secretary Perseroan juga melakukan pelaporan                 The Company’s Corporate Secretary also reports material
informasi dan fakta material melalui surat kepada OJK dan              information and facts through letters to OJK and electronic
electronic reporting kepada BEI. Penyampaian informasi kepada          reporting to IDX. Information disclosure to IDX may be accessed
BEI dapat diakses melalui situs web https://www.idx.co.id/id/          through the website https://www.idx.co.id/id/ by entering the
dengan memasukkan ticker code Perseroan, yaitu: “ELTY”.                Company’s ticker code, namely “ELTY”.


Sementara itu untuk mendapatkan informasi lebih lanjut                 Meanwhile, to obtain further information on the Company,
mengenai Perseroan, para pemangku kepentingan juga dapat               stakeholders may also contact the Corporate Secretary of
menghubungi Sekretaris Perusahaan Bakrieland di:                       Bakrieland at the following:
Tel. (62-21) 5257835                                                   Tel. (62-21) 5257835
Fax. (62-21) 5225063                                                   Fax. (62-21) 5225063
E-mail: corporate.info@bakrieland.com                                  E-mail: corporate.info@bakrieland.com


                                                                                                        2023 Annual Report Bakrieland           185
Page 188
            Kilas Kinerja                   Profil Perusahaan                 Laporan Manajemen                   Unit Pendukung Bisnis
       Performance Highlights                Corporate Profile                Management Report                    Business Support Unit




      HUBUNGAN INVESTOR                                                 INVESTOR RELATIONS

      Sebagai perusahaan publik, Perseroan berkewajiban untuk           As a public company, the Company is obligated to implement the
      menerapkan prinsip keterbukaan dan transparansi informasi         principle of openness and transparency of information for each
      atas setiap aktivitas dan pencapaian kinerja Perseroan maupun     activity and performance achievement of the Company as well as
      Entitas Anak. Selain itu untuk menjaga keberlangsungan usaha      Subsidiaries. In addition, to maintain business continuity in the
      dalam jangka panjang, Perseroan juga selalu berusaha menjalin     long-term, the Company also continuously strives to maintain
      hubungan yang harmonis dengan para pemangku kepentingan.          amicable relationship with stakeholders.


      Untuk memastikan hal tersebut, Perseroan membentuk Divisi         To ensure this, the Company establishes the Investor Relations
      Hubungan Investor yang bertanggung jawab penuh dalam              Division fully responsible for combining the aspects of finance,
      memadukan aspek keuangan, komunikasi, pemasaran, dan              communication, marketing and compliance with Capital Market
      kepatuhan atas peraturan Pasar Modal untuk menciptakan            regulations to create effective communication between
      komunikasi yang efektif antara Perseroan, masyarakat keuangan,    the Company, the financial community and other parties.
      dan pihak lainnya. Pelaksanaan aktivitas Hubungan Investor yang   Implementation of Investor Relations activities that are
      proaktif dan efektif diyakini akan berpengaruh secara positif     proactive and effective is believed to have a positive influence
      terhadap nilai-nilai Perseroan secara keseluruhan.                the Companies values at large.


      Pada tahun 2023, Divisi Hubungan Investor telah melakukan         In 2023, the Investor Relations Division kept correspondence
      korespondensi dengan para analis, investor dan media pasar        with analysts, investors and capital market media by maintaining
      modal dengan melakukan komunikasi yang baik dan respon            good communication and quick responses.
      yang cepat.


      UNIT AUDIT INTERNAL                                               INTERNAL AUDIT UNIT

      Untuk mewujudkan terciptanya lingkungan pengendalian              To manifest a strong internal control environment, the Company
      internal yang kokoh, Perseroan telah menerapkan sistem            has implemented an internal control system that is integrated
      pengendalian internal yang terintegrasi dengan sistem             with the Company’s risk management system. Implementation
      manajemen risiko perusahaan. Implementasi pengendalian            of a comprehensive internal control system is very necessary
      internal yang menyeluruh sangat diperlukan untuk mendukung        to support the achievement of the Company’s performance
      pencapaian tujuan kinerja Perseroan, meningkatkan nilai bagi      objectives, to improve value for stakeholders and ensure
      pemangku kepentingan dan menjamin efektivitas dan efisiensi       operational effectiveness and efficiency, reliability of financial
      operasional, kehandalan pelaporan keuangan, kelayakan             reporting, appropriateness of operational and financial controls,
      pengendalian operasional maupun finansial, serta kepatuhan        as well as compliance with applicable laws and regulations.
      terhadap hukum dan peraturan yang berlaku.


      Dalam sistem pengendalian internal Perseroan, Komite Audit        In the Company’s internal control system, the Audit Committee
      bertugas membantu Dewan Komisaris untuk memenuhi                  is tasked with assisting the Board of Commissioners to fulfill its
      tanggung jawab pengawasannya, yang meliputi penelaahan atas       supervisory responsibilities, that include analyzing the audited
      laporan tahunan auditan dan laporan keuangan kuartalan hingga     annual statements and quarterly to annual financial statements,
      tahunan, penelahaan terhadap proses pelaporan keuangan dan        analyzing the financial reporting process and internal control
      sistem pengendalian internal, serta pengawasan atas proses        system, as well as overseeing the audit process.           In the
      audit. Sementara Direksi bertanggung jawab untuk membangun        meantime, the Board of Directors is responsible for building and
      dan memelihara sistem pengendalian internal yang efektif dan      maintaining an effective and efficient internal control system.
      efisien.


      Pada pelaksanaannya, fungsi pengendalian internal di Perseroan    In its implementation, internal control functions in the Company
      dijalankan oleh organ Unit Audit Internal bernama Divisi          is conducted by the Internal Audit Unit known as the Corporate
      Corporate Internal Audit (CIA). Unit kerja ini bekerja secara     Internal Audit (CIA) Division. This work unit works independently
      independen dalam menjalankan fungsi audit internal guna           in conducting internal audit functions in order to strengthen
      memperkuat implementasi tata kelola perusahaan, terutama          the implementation of corporate governance, especially in


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Analisis dan Pembahasan Manajemen          Laporan Tata Kelola Perusahaan        Tanggung Jawab Sosial Perusahaan Terintegrasi/Laporan Keberlanjutan
Management Discussion and Analysis          Corporate Governance Report              Integrated Corporate Social Responsibility/Sustainability Report




dalam mewujudkan aspek tanggung jawab serta akuntabilitas.             manifesting responsibility and accountability aspects. The
Pembentukan Divisi Corporate Internal Audit (CIA) Perseroan            establishment of the Corporate Intenal Audit (CIA) Division
mengacu kepada POJK No. 56/POJK/2015 (“POJK 56/2015”)                  of the Company refers to POJK No. 56/POJK/2015 (“POJK
tanggal 23 Desember 2015.                                              56/2015”) dated 23 December 2015.


Profil Kepala Divisi CIA                                               Profile of the Head of CIA Division

 Deri Meidian Ramdhani
 Warga Negara Indonesia, 37 tahun, domisili di   Indonesian nationality, 37 years of age, domicile in Bekasi, West Java.
 Bekasi, Jawa Barat.
 Dasar Pengangkatan:                             Surat Keputusan Direksi tanggal 02 Mei 2023 No 005/DIR-PERSEROAN/SKD/V/2023
 Basis of Appointment                            Decree of the Board of Directors dated 2 May 2023 No. 005/DIR-PERSEROAN/SKD/V/2023
 Riwayat Pendidikan:                             Beliau menyelesaikan pendidikan Sarjana di ITB, Bandung (2010) dan meraih gelar
 Educational Background                          Pascasarjana Magister Administrasi Bisnis di ITB, Bandung (2020)
                                                 He completed his Bachelor’s (Sarjana) degree study at Institute Teknologi Bandung (ITB),
                                                 Bandung (2010) and obtained his Master’s (Magister) degree in Business Administration
                                                 from ITB, Bandung (2020)
 Riwayat Karier:                                 Beliau berkarier sejak 2011 di sejumlah perusahaan (properti, manufaktur, distribusi,
 Professional Backgound                          telekomunikasi, dll) sebagai Risk Management dan Internal Auditor. Sejak bulan Mei 2023,
                                                 beliau berkarir di Perseroan sebagai Internal Audit Division Head Perseroan.
                                                 His career began since the year 2011 in several companies (property, manufacturing,
                                                 distribution, telecommunication, etc) as Risk Management and Internal Auditor. Since May
                                                 2023, he has continued his career in the Company as Head of the Company’s Internal Audit
                                                 Division.



Pihak Yang mengangkat dan                                              The Party In-Charge to Appoint and Dismiss
Memberhentikan Kepala Divisi CIA                                       the Head of the CIA Division
Divisi CIA dipimpin oleh seorang Kepala Divisi yang diangkat dan       The CIA Division is led by a Division Head, appointed and
diberhentikan oleh Presiden Direktur dan CEO atas persetujuan          dismissed by the President Director and CEO upon approval
Dewan Komisaris. Kepala Divisi bertanggung jawab langsung              of the Board of Commissioners. The Division Head reports
kepada Presiden Direktur & CEO.                                        directly to the President Director & CEO.


Struktur Organisasi dan Kedudukan                                      Organizational Structure and Position
Divisi CIA                                                             of the CIA Division
Secara struktural, Kepala Divisi CIA bertanggung jawab langsung        Structurally, the Head of the CIA Division reports directly to
kepada Direktur Utama dan mempunyai hubungan fungsional                the President Director and has a functional relationship with
dengan Komite Audit.                                                   the Audit Committee.


Tugas dan Tanggung Jawab                                               Duties and Responsibilities
Lingkup utama kegiatan audit internal yang dijalankan Divisi           The main scope of activities of internal audit carried out by the
CIA di antaranya mencakup pelaksanaan kegiatan asurans                 CIA Division, among others, includes the implementation of
dan konsultasi yang independen dan objektif yang didesain              assurance and consultation activities that are independent and
untuk memberikan nilai tambah dan meningkatkan operasional             objectively designed to provide added value and operational
organisasi melalui pendekatan yang sistematis. Hal ini dilakukan       improvement of the organization through a systematic approach.
dengan cara mengevaluasi dan meningkatkan efektivitas                  This is done by evaluating and enhancing the effectiveness of
manajemen risiko, pengendalian dan tata kelola perusahaan.             the company’s risk management, control and governance.


Berdasarkan Piagam Audit Internal, tugas dan tanggung jawab            Based on the Internal Audit Charter, the duties and
Divisi CIA adalah sebagai berikut:                                     responsibilities of the CIA Division are as follows:
a.   Menyusun dan melaksanakan rencana audit internal tahunan.         a.   To develop and execute the internal audit annual plan.
b.   Menguji dan mengevaluasi kesesuaian pelaksanaan                   b.   To test and evaluate the compliance of the implementation
     manajemen risiko, pengendalian dan tata kelola dengan                  of risk management, control and governance with Company
     kebijakan Perseroan.                                                   policies.


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                Kilas Kinerja                  Profil Perusahaan                Laporan Manajemen                  Unit Pendukung Bisnis
           Performance Highlights               Corporate Profile               Management Report                   Business Support Unit




      c.      Melakukan pemeriksaan dan penilaian atas efisiensi dan     c.   To inspect and evaluate the efficiency and effectiveness of
              efektivitas di bidang keuangan, akuntansi, operasional,         the fields of finance, accounting, operations, HR, marketing,
              SDM, pemasaran, TI, dan kegiatan lainnya.                       IT and other activities.
      d.      Memberikan saran perbaikan dan informasi yang objektif     d.   To provide suggestions for improvement and objective
              tentang kegiatan yang diperiksa pada tingkat manajemen.         information on activities examined at the management level.
      e.      Membuat laporan hasil audit dan menyampaikannya kepada     e.   To produce reports on audit results and present to the
              Presiden Direktur & CEO dan Dewan Komisaris melalui             President Director & CEO and the Board of Commissioners
              Komite Audit.                                                   through the Audit Committee.
      f.      Memantau, menganalisis, dan melaporkan pelaksanaan         f.   To monitor, analyze, and report the implementation of
              tindak lanjut perbaikan yang telah disarankan.                  improvement follow-ups as suggested.
      g.      Bekerja sama dengan Komite Audit.                          g.   To cooperate with the Audit Committee.
      h.      Menyusun program untuk mengevaluasi mutu kegiatan          h.   To develop the program to assess the quality of the internal
              audit internal yang dilakukan.                                  audit activities carried out.
      i.      Mengevaluasi ketaatan Perseroan terhadap hukum dan         i.   evaluate the Company’s compliance with applicable laws and
              peraturan perundangan yang berlaku, serta kebijakan dan         regulations, as well as Company’s policies and procedures.
              prosedur Perseroan.
      j.      Melaksanakan penugasan khusus yang relevan dengan          j.   To perform special assignment that is relevant with the
              ruang lingkup pekerjaan audit.                                  audit’s scope of work.


      Rapat Divisi CIA                                                   Meetings of CIA Division
      Sepanjang tahun 2023, Divisi CIA telah melaksanakan rapat          During the year 2023, CIA Division held 4 (four) coordination
      koordinasi bersama Direksi sebanyak 4 (empat) kali dan             meetings with the Board of Directors and 8 (eight) meetings
      Komite Audit sebanyak 8 (delapan) kali. Selain itu, Divisi CIA     with the Audit Committee. In addition, CIA Division also held
      juga mengadakan rapat dengan unit kerja counterpart untuk          meetings with counterpart work units to discuss matters related
      mendiskusikan hal-hal terkait perilisan laporan keuangan           to the release of the quarterly financial statements, evaluation
      kuartalan, evaluasi kinerja Kantor Akuntan Publik (KAP),           of the performance of the Public Accounting Firm (KAP),
      rekomendasi manajemen atas hasil audit laporan keuangan,           management recommendations on the financial statement
      dan lini masa agenda tahunan audit eksternal.                      audit results, and the external audit annual agenda timeline.


      Piagam Audit Internal                                              Internal Audit Charter
      Dalam menjalankan tugas dan tanggung jawabnya, seluruh             In carrying out duties and responsibilities, all internal auditors
      auditor internal Perseroan wajib menerapkan nilai-nilai dan kode   of the Company are obligated to apply the values and code of
      etik profesi serta menjaga independensi dengan berpedoman          ethics of profession as well as to maintain independency with
      pada Piagam Audit Internal yang telah dibentuk sejak 2008          the guidelines set in the Internal Audit Charter established
      berdasarkan Surat Keputusan SK-Dir No. 209/ SK/DIR-BLD/            since 2008 based on Decree of the Board of Directors No. 209/
      XII/08. Secara garis besar, Piagam Audit Internal mengatur         SK/DIR-BLD/XII/08. The Internal Audit Charter regulates the
      mengenai struktur dan kedudukan, tugas dan tanggung                structure and position, duties and responsibilities, scope of
      jawab, ruang lingkup pekerjaan, wewenang, kode etik, serta         work, authority, code of ethics, as well as the accountability
      pertanggungjawaban Divisi CIA.                                     of the CIA Division.


      Sosialisasi Piagam Audit Internal dilakukan di berbagai            Socialization of the Internal Audit Charter is conducted on
      kesempatan rapat lintas fungsi kerja serta juga dengan             various cross-functional meeting opportunities and also by
      melakukan reminder activity dalam bentuk monitoring action         carrying out reminder activities in the form of monitoring
      and document, evaluasi kinerja rekanan, pengelolaan aktivitas      actions and documents, evaluating partner performance, and
      bisnis dalam koridor Kesehatan, Keselamatan Kerja, dan             managing business activities in the Occupational Health and
      Lingkungan (K3L). Informasi lengkap mengenai uraian Piagam         Safety and Environment (K3L) corridor. Complete information
      Audit Internal dapat diakses pada situs web Perseroan, yaitu:      on the description of the Internal Audit Charter can be accessed
      https://bakrieland.com/en_gcg/ internalauditcharter                on the Company website, namely as follows: https://bakrieland.
                                                                         com/en_gcg/internalauditcharter




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Analisis dan Pembahasan Manajemen            Laporan Tata Kelola Perusahaan      Tanggung Jawab Sosial Perusahaan Terintegrasi/Laporan Keberlanjutan
Management Discussion and Analysis            Corporate Governance Report            Integrated Corporate Social Responsibility/Sustainability Report




Pelatihan Unit Audit Internal Tahun 2023                               Training of the Internal Audit Unit in 2023
Perseroan mendorong partisipasi aktif Divisi CIA untuk                 The Company encourages the active participation of the CIA
mengikuti berbagai jenis pelatihan secara berkesinambungan             in following various types of training on a continuous basis,
baik sertifikasi profesi maupun pelatihan non-sertifikasi untuk        both certification of profession as well as non-certification
menunjang pengembangan manajerial maupun kompetensi                    training, in order to directly support managerial development
audit secara langsung. Berikut ini adalah daftar pelatihan atau        and audit competencies. Following is a list of training programs
seminar maupun workshop yang telah diikuti Divisi CIA selama           or seminars as well as workshops joined by the CIA Division
2023:                                                                  during the year 2023:

        Tanggal                                  Penyelenggara                                 Topik Pelatihan               Tempat
         Date                                      Organizer                                   Topic of Training              Place
 30 Mei 2023              Effective Risk Management                                          Zoom                      Indonesia Corporate
 30 May 2023                                                                                                          Secretary Association
 27 Juni 2023             Strengthening the Board's Succession: A Framework for Board        Zoom                      Indonesia Corporate
 27 June 2023             Performance & Evaluation                                                                    Secretary Association
 21 Agustus 2023          Professional Activity Based Costing                                Zoom                        Revolution Mind
 21 August 2023                                                                                                             Indonesia



Laporan Pelaksanaan Kegiatan Tahun 2023                                Activity Implementation Report in 2023
Divisi CIA senantiasa mendukung aktivitas Komite Audit                 The CIA Division consistently supports the Audit Committee’s
dalam melaksanakan tugas dan tanggung jawab pengawasan.                activities in carrying out its supervisory duties and
Disamping itu, Divisi CIA juga menyampaikan informasi secara           responsibilities. In addition, the CIA Division also extends
rutin kepada Direksi terkait perkembangan aktivitas penyusunan         information on a regular basis to the Board of Directors on
laporan keuangan konsolidasian serta aktivitas audit. Berikut          activity development concerning the preparation of the
adalah gambaran aktivitas yang telah dilakukan Divisi CIA              consolidated financial statements as well as audit activities.
sepanjang tahun 2023:                                                  The following describes the activities carried out by the CIA
                                                                       Division during the year 2023:
1.   Melanjutkan koordinasi dengan Komite Audit dan mengikuti          1.     Continued coordination with the Audit Committee and joined
     rapat Komite Audit bersama auditor eksternal sehubungan                  Audit Committee meetings together with the external auditor
     dengan komunikasi pekerjaan audit atas laporan keuangan                  to communicate on the audit progress of the consolidated
     konsolidasian Perseroan dan Entitas Anak;                                financial statements of the Company and Subsidiaries;
2.   Berkoordinasi dengan Komite Audit dalam melaksanakan proses       2.     Coordinated with the Audit Committee in processing the
     pemilihan Kantor Akuntan Publik (KAP) dan menyempurnakan                 Public Accounting Firm (KAP) selection and refined the
     kebijakan serta prosedur terkait dengan pemilihan KAP;                   policy as well as procedures related to KAP selection.
3.   Mengkaji kebijakan-kebijakan terkait operasional Perseroan        3.     Reviewed policies related to the Company’s operations in
     untuk meningkatkan sistem pengendalian internal;                         order to improve the internal control system;
4.   Mendokumentasikan pertemuan Komite Audit dengan                   4.     Documented the Audit Committee meetings with the
     Manajemen maupun bersama dengan auditor eksternal;                       Management as well as jointly with the external auditor;
5.   Bersama dengan Komite Audit menyusun laporan kinerja              5.     Together with the Audit Committee, prepared the report
     KAP untuk disampaikan kepada regulator; dan                              on KAP’s performance for submission to the regulator, and
6.   Bersama dengan Komite Audit menyusun laporan kerja                6.     Together with the Audit Committee prepared the annual
     tahunan Komite Audit serta agenda Komite Audit untuk                     work report for the Audit Committee as well as the Audit
     tahun berikutnya.                                                        Committee’s agenda for the next year.


Rencana Pengembangan Divisi CIA Tahun                                  Development Plan of CIA Division in 2024
2024
Pada tahun 2024 mendatang, Divisi CIA telah menyiapkan                 For the year 2024, CIA Division prepared a series of internal audit
serangkaian program kerja audit internal yang berfokus untuk           work programs that focus on continuing activities in accordance
melanjutkan aktivitas sesuai dengan yang tercantum dalam               with what is stated in the Internal Audit Charter while continuing
Piagam Audit Internal dengan tetap mengoptimalkan peran                to optimize the role of the Audit Committee in its supervisory
Komite Audit dalam fungsi pengawasan terkait dengan kajian             function related to the review of the completion of financial
atas penyelesaian laporan keuangan dan pengendalian internal.          statements and internal control.


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            Kilas Kinerja                    Profil Perusahaan                 Laporan Manajemen                    Unit Pendukung Bisnis
       Performance Highlights                 Corporate Profile                Management Report                     Business Support Unit




      SISTEM PENGENDALIAN INTERNAL                                       INTERNAL CONTROL SYSTEM

      Untuk memastikan terselenggaranya pengendalian internal yang       To ensure the implementation of effective internal control,
      efektif, Perseroan telah merancang dan menerapkan kebijakan        the Company designed and implemented the policy on internal
      mengenai sistem pengendalian internal sebagaimana disahkan         control systems as validated through Board of Directors Decree
      dalam Surat Keputusan Direksi No. 001/SK/DIR-BLD/I/2011            No. 001/SK/DIR-BLD/I/2011 regarding the Ratification of the
      tentang Pengesahan Pedoman Sistem Pengendalian Intern.             Internal Control System Guidelines.


      Perseroan menerapkan sistem pengendalian internal sebagai          The Company applies an internal control system as a process that
      suatu proses yang melekat pada setiap tindakan dan kegiatan        is attached to every action and activity carried out continuously
      yang dilakukan secara terus menerus dengan melibatkan seluruh      involving all organizational functions from the highest to the
      fungsi organisasi mulai dari tingkatan tertinggi hingga terendah   lowest levels to provide adequate confidence in achieving
      untuk memberikan keyakinan memadai atas tercapainya tujuan         the Company’s objectives through effective and efficient
      Perseroan melalui pelaksanaan kegiatan yang efektif dan efisien,   implementation of activities, including the following:
      antara lain sebagai berikut:
      1.   Efektivitas dan efisiensi pencapaian tujuan penyelenggaraan   1.   Effectiveness and efficiency in achieving the objectives of
           program dan kegiatan yang dilaksanakan;                            implementing programs and activities carried out;
      2.   Keandalan pelaporan keuangan dan kinerja;                     2.   Reliability of financial and performance reporting;
      3.   Pengamanan aset perusahaan; dan                               3.   Securing company assets; and
      4.   Ketaatan terhadap peraturan perundangan-undangan yang         4.   Compliance with applicable laws and regulations.
           berlaku.


      Secara umum, kerangka pengendalian internal yang dijalankan        In general, the internal control framework applied by the
      Perseroan bertujuan untuk mendukung pencapaian tujuan              Company aims to support efforts to achieve Company’s
      Perseroan, meningkatkan nilai bagi pemangku kepentingan            goals, improve value for stakeholders and ensure operational
      dan menjamin efektivitas dan efisiensi operasional, keandalan      efectiveness and efficiency, reliability of financial reports,
      pelaporan keuangan, kelayakan pengendalian operasional             feasibility of operational as well as financial control, and ensure
      maupun finansial, serta memastikan kepatuhan terhadap hukum        compliance with applicable laws and regulations.
      dan peraturan yang berlaku.


      Perseroan mengimplementasikan sistem pengendalian internal         The Company implements an internal control system in all
      pada seluruh aspek operasional dan keuangan. Selain juga terus     aspects of operations and finance. Aside from continuing to
      berupaya untuk merealisasikan komitmen atas ketepatan waktu        strive to actualize the commitment to timely complete the audit
      penyelesaian audit laporan keuangan tahun ini lebih baik dari      of financial statements this year better than the previous year,
      tahun sebelumnya, dengan mengoptimalkan peran digitalisasi         by optimizing the role of digitalization in routine meetings of
      dalam pertemuan rutin seluruh pihak yang berkepentingan.           all parties concerned. Efforts to become an integral part of
      Upaya ini menjadi bagian integral untuk mendukung penerapan        consistently supporting GCG implementation in every aspect
      GCG dalam setiap aspek kegiatan bisnis Perseroan secara            of the Company’s business activities consistently.
      konsisten.


      Pengendalian Keuangan dan Operasional                              Financial and Operational Control, and
      Serta Kepatuhan Terhadap Peraturan                                 Compliance With the Laws and Regulations
      Perundang-Undangan
      Penerapan Sistem Pengendalian Internal pada lingkup Perseroan      Implementation of Internal Control System within the Company
      mencakup 2 (dua) aspek, yaitu pengendalian keuangan dan            covers 2 (two) aspects, namely financial control and operational
      pengendalian operasional. Implementasi pengendalian di bidang      control. Implementation of control in accounting and finance is
      akuntansi dan keuangan diwujudkan dengan merancang sistem          manifested by designing a financial system that is integrated by
      keuangan yang terintegrasi menggunakan software keuangan           using financial software specifically accredited to minimize the
      khusus yang terakreditasi untuk meminimalisir terjadinya human     occurrence of human error so that bookkeeping records become
      error sehingga pencatatan pembukuan menjadi lebih akurat dan       more accurate and real-time. In addition, the Company also




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Analisis dan Pembahasan Manajemen          Laporan Tata Kelola Perusahaan      Tanggung Jawab Sosial Perusahaan Terintegrasi/Laporan Keberlanjutan
Management Discussion and Analysis          Corporate Governance Report            Integrated Corporate Social Responsibility/Sustainability Report




real time. Selain itu, Perseroan juga telah menerapkan kebijakan     applies in stages to the policies and procedures in examining
dan prosedur pemeriksaan data keuangan secara berjenjang             financial data by each officer with different authority. This is
yang dilakukan oleh masing-masing petugas dengan kewenangan          intended to prevent abuse of authority that can lead to financial
berbeda. Hal ini dimaksudkan untuk mencegah terjadinya tindak        fraud. In the context of financial reporting, the Company is
penyalahgunaan wewenang yang berujung pada fraud keuangan.           also continuously updated with the latest accounting policy
Dalam hal pelaporan keuangan, Perseroan juga selalu update           standards, especially those applicable in the property sector
dengan standar kebijakan akuntansi terbaru khususnya yang            so that the financial reports produced are reliable.
berlaku bagi sektor properti agar dapat dihasilkan pelaporan
keuangan yang andal.


Perseroan juga memastikan terselenggaranya aktivitas                 The Company also ensures that operational activities are
operasional yang efektif dengan mengevaluasi laporan kinerja         effective by evaluating the operational performance report of
operasional dari masing-masing unit kerja. Dengan begitu,            each work unit. This way, the Board of Directors would be able
Direksi dapat mengetahui ada atau tidaknya indikasi terjadinya       to determine whether or not there are indications of control
kelemahan pengendalian, kesalahan laporan keuangan, atau             weaknesses, financial reporting errors or other irregularities.
penyimpangan lainnya. Dengan begitu, Direksi dan jajaran             Thus, the Board of Directors and its management team can
manajemen dapat segera mengambil langkah-langkah mitigasi            immediately take steps to mitigate the risks required so that
risiko yang diperlukan agar proses pencapaian target dan tujuan      the process of achieving Company’s targets and objectives is
Perseroan tidak terganggu.                                           not disrupted.


Dalam rangka menjaga kualitas kepatuhan, Perseroan                   In the effort to maintain compliance quality, the Company
memastikan seluruh karyawan senantiasa menunjung tinggi              ensures that all employees always uphold GCG best practices
praktik terbaik GCG dalam melaksanakan tugas dan tanggung            in carrying out their duties and responsibilities so as to proceed
jawabnya agar senantiasa berjalan efisien serta selaras              efficiently and aligned with applicable laws ad regulations
terhadap peraturan perundang-undangan yang berlaku baik              both in the property industry as well as in capital market
di industri properti maupun regulasi pasar modal. Sementara          regulations. In the mean time, to avoid gaps that could result
itu untuk menghindari adanya celah yang dapat mengakibatkan          in non-compliance with existing regulations, the Company plays
ketidakpatuhan terhadap regulasi yang ada, Perseroan berperan        an active role as a member in several industry associations that
aktif sebagai anggota di beberapa asosiasi industri yang relevan     are relevant to the business activities it carries out and attends
dengan kegiatan usaha yang dijalankan dan menghadiri sejumlah        a number of invitatitons to socialize rules and regulations held
undangan sosialiasi peraturan dan perundang-undangan yang            by regulators.
diselenggarakan oleh pihak regulator.


Dengan diterapkannya sistem pengendalian internal yang               With the implementation of internal control system
menyeluruh pada seluruh lini bisnis dan tingkatan organisasi,        comprehensively in all lines of business and organizational levels,
maka seluruh aset Perseroan terjaga dengan baik dari                 then all Company’s assets can be maintained appropriately from
berbagai usaha penyalahgunaan dan laporan keuangan yang              various misuse attempts and financial reports published to the
dipublikasikan kepada publik pun tersaji secara akurat, cepat,       public are presented accuratly, quickly and reliably.
dan dapat diandalkan.


Tinjauan Efektivitas Sistem Pengendalian                             Review of the Effectiveness of Internal
Internal                                                             Control System
Pelaksanaan evaluasi oleh unit terpisah atau independen selain       Implementation of assessment by a separate or independent
dilakukan oleh unit kerja internal Perseroan yang ditunjuk dan       unit other than an appointed Company’s internal work unit and
ditetapkan oleh Direksi juga dapat dilakukan KAP.                    determined by the Board of Directors may also be conducted
                                                                     by KAP.


Selama tahun 2023, evaluasi atas kecukupan dan efektivitas           During the year 2023, assessments of the adequacy and
sistem pengendalian internal Perseroan dinilai sudah cukup           effectiveness of the internal control system of the Company
memadai. Hal ini dapat dilihat dari aktivitas pemantauan dan         have been considered sufficiently adequate. This is shown by



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            Kilas Kinerja                     Profil Perusahaan                 Laporan Manajemen                   Unit Pendukung Bisnis
       Performance Highlights                  Corporate Profile                Management Report                    Business Support Unit




      pencegahan risiko yang muncul sebagai akibat dari aktivitas         the monitoring and prevention activities of risks that arise as
      bisnis Perseroan oleh unit-unit kerja terkait, manajemen risiko,    a result of the Company’s business activities by work units, risk
      dan Divisi CIA. Selain itu, Divisi CIA juga tidak menemukan         management and CIA Division. Furthermore, the CIA Division
      adanya pelanggaran atau penyimpangan yang mengarah pada             also did not find any violation or deviation towards acts of
      tindakan kecurangan baik dalam hal pengelolaan keuangan             fraud either in terms of financial or operational management
      maupun operasional Perseroan.                                       of the Company.


      Pernyataan Direksi dan/atau Dewan                                   Statement of the Board of Directors and/or
      Komisaris Atas Kecukupan Sistem                                     the Board of Commissioners on the Adequacy
      Pengendalian Internal                                               of the Internal Control System
      Direksi berpendapat bahwa secara keseluruhan Perseroan              The Board of Directors believes that overall the Company
      sudah memiliki lingkungan pengendalian yang kokoh sebagai           retains a strong control environment as the basis for conducting
      landasan untuk menjalankan sistem pengendalian internal             effective internal control system. All elements of the Company
      yang efektif. Seluruh elemen Perseroan telah menunjukkan            have shown high commitment and awareness to always
      komitmen dan kesadaran tinggi untuk selalu menerapkan sistem        implement relevant internal control systems with each of their
      pengendalian internal yang relevan dengan tugas dan tanggung        respective duties and responsibilities.
      jawab masing-masing.


      Setelah melakukan penilaian yang menyeluruh selama 2023,            After a thorough assessment carried out during the year 2023,
      Direksi, Dewan Komisaris, dan Komite Audit menyatakan               the Board of Directors, the Board of Commissioners, and the
      bahwa sistem pengendalian internal Perseroan telah berjalan         Audit Committee stated that the Company’s internal control
      efektif, memadai, dan mampu mengendalikan keuangan dan              system has been running effectively, adequately, and capable of
      operasional Perseroan untuk mendukung tercapainya tujuan            controlling the Company’s finances and operations in support of
      bisnis tanpa mengorbankan kinerja keuangan, kepatuhan dan/          efforts to achieve business targets without sacrificing financial
      atau reputasi. Disamping itu, Perseroan juga telah menyediakan      performance, compliance and/or reputation. Apart from that,
      tools untuk mengantisipasi dan mengelola risiko dengan              the Company also provides tools to anticipate and manage risks
      mempertimbangkan perubahan strategi bisnis, faktor eksternal        by taking into account changes in business strategies, external
      dan ketentuan regulator.                                            factors and regulatory provisions.


      SISTEM MANAJEMEN RISIKO                                             RISK MANAGEMENT SYSTEM

      Gambaran Umum Penerapan Sistem                                      Overview of Risk Management System
      Manajemen Risiko                                                    Implementation
      Dalam menjalankan kegiatan usaha utama sebagai pengembang           In performing its main business activities as an area and property
      properti dan kawasan, Perseroan menyadari bahwa beberapa            developer, the Company realizes that several types of risk are
      jenis risiko tidak terhindarkan dan melekat pada kegiatan           unavoidable and attached to daily operational activities. To
      operasional sehari-hari. Untuk meminimalkan dampak dari             minimize the impact of business operations, including the
      operasional usaha, termasuk lingkup bisnis, sosial, dan             scope of business, social and environment, the Company
      lingkungan hidup, Perseroan senantiasa melakukan riset              always conducts research and analysis of the risks that arise
      dan telaah atas risiko-risiko yang muncul dari pengelolaan bisnis   from business management as well as implements effective
      serta menerapkan kebijakan manajemen risiko yang efektif.           risk management policies.


      Seluruh aktivitas pengelolaan risiko Perseroan hingga level         All of the Company’s risk management activities at the level of
      Anak Perusahaan dikelola oleh fungsi kerja Corporate Risk           Subsidiaries are managed by the Corporate Risk Management
      Management and Compliance (RMC) yang secara berkala                 and Compliance (RMC) work function which periodically
      melakukan koordinasi dengan Unit-Unit Usaha, termasuk               coordinates with Business Units, including in discussions
      membahas efektivitas manajemen risiko dan kepatuhan di              on risk management and compliance effectiveness within
      lingkungan Perseroan. Selain menjadi fasilitator dan penasehat      the Company. Apart from being a facilitator and advisor in
      dalam melakukan koordinasi, RMC juga melakukan berbagai             coordination, RMC also carries out various efforts while also
      upaya dalam rangka meminimalkan risiko usaha sekaligus              monitoring GCG implementation as well as taking on the role




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Management Discussion and Analysis            Corporate Governance Report           Integrated Corporate Social Responsibility/Sustainability Report




memantau implementasi GCG serta berperan sebagai penyusun,              as compiler, reviewer, and manager of the Company’s Quality
reviewer kebijakan, dan pengelola Quality Management System             Management System.
(Sistem Manajemen Mutu) Perseroan.


Dalam kerangka penerapan sistem manajemen risiko, RMC                   In the context of implementing a risk system, RMC takes
berperan sebagai second line of defense, yang bertanggung               on the role of the second line of defense, responsible for
jawab untuk mengembangkan dan memantau penerapan                        developing and monitoring the application of the Company’s
sistem manajemen risiko Perseroan secara menyeluruh dan                 risk management system comprehensively and continuously,
berkesinambungan, melakukan pengawasan terhadap fungsi                  overseeing the main business functions carried out in the risk
bisnis utama yang dilaksanakan dalam koridor kebijakan sistem           management system policy corridor in the form of operational
manajemen risiko baik dalam bentuk kebijakan ataupun prosedur           policies or procedures, as well as monitoring, assessing and
operasional, serta memantau, mengevaluasi, dan melaporkan               reporting the overall company’s risks to the highest organ of
risiko-risiko perusahaan secara menyeluruh kepada organ                 the Company.
tertinggi Perseroan.


Untuk menunjang keandalan pengelolaan manajemen risiko                  To support the reliability of risk management implementation,
baik di tingkat Perseroan hingga Entitas Anak, pada tajun 2023,         at the Company’s to Subsidiary’s levels, in the year 2023, RMC
RMC telah meninjau sejumlah kebijakan internal agar tetap               reviewed a number of internal policies so that they remained
selaras dengan praktik bisnis yang berjalan dan best practice           aligned with ongoing business practices and universally
yang berlaku universal. Selain itu, RMC juga telah mengelola            applicable best practices. In addition, RMC also optimally
risiko-risiko Perseroan secara optimal dengan cara menyusun             managed the Company’s risks by establishing and refining
serta menyempurnakan pengendalian internal di lingkungan                internal control within Bakrieland and its Business Units,
Bakrieland dan Unit Usaha, khususnya di area penyelesaian               specifically in the context of completing the consolidated
laporan keuangan konsolidasian.                                         financial statements.


Jenis Risiko dan Pengelolaannya                                         Types and Management of Risks
Setelah melakukan tahapan manajemen risiko yang komprehensif            After implementing comprehensive risk management stages by
dengan melibatkan berbagai fungsi dan unit-unit usaha sebagai           involving various functions and business units as the risk owners,
risk owner, pada tahun 2023, RMC telah melakukan identifikasi           in 2023, RMC identified activities which hold relatively high ESG
terhadap kegiatan usaha yang memiliki risiko ESG yang relatif           risks or other operational risks viewed with an impact on the
tinggi ataupun risiko operasional lain yang dinilai berdampak           Company’s business sustainability, among others are as follows:
pada keberlanjutan bisnis Perseroan, antara lain sebagai berikut:

Risiko Keuangan
Financial Risk
     Jenis Risiko                               Deskripsi                                               Langkah Mitigasi
     Type of Risk                               Description                                             Mitigation Action
 Risiko Mata Uang       Risiko ini berpotensi memberikan dampak kerugian pada          Perseroan memberlakukan kebijakan hedging, yaitu
 Currency Risk          saat terjadinya apresiasi atau depresiasi mata uang asing      lindung nilai untuk pinjaman dalam mata uang non-
                        yang disebabkan oleh adanya posisi transaksi yang masih        rupiah. Dalam kegiatan operasional, Perseroan juga
                        terbuka. Kinerja keuangan Perseroan dapat dipengaruhi          mengutamakan penggunaan material bangunan
                        oleh perubahan kurs, mengingat beberapa komponen dalam         produksi dalam negeri.
                        konstruksi bangunan diimpor dari luar negeri.                  The Company enforces the hedging policy, namely
                        Risks with the potential to impact losses in the event of      value protection for loans in non-rupiah currency. In
                        appreciation or depreciation of foreign currency due to open   operational activities, the Company also prioritizes
                        transaction positions. The Company’s financial performance     the use of building materials from local production.
                        can be affected by changes in exchange rates, considering
                        that several components in building construction are
                        imported from overseas.




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           Kilas Kinerja                          Profil Perusahaan                       Laporan Manajemen                    Unit Pendukung Bisnis
      Performance Highlights                       Corporate Profile                      Management Report                     Business Support Unit




      Risiko Keuangan
      Financial Risk
         Jenis Risiko                                    Deskripsi                                                Langkah Mitigasi
         Type of Risk                                    Description                                              Mitigation Action
      Risiko Suku Bunga        Risiko ini berpotensi timbul akibat fluktuasi tingkat suku         Perseroan memberlakukan metode pembayaran
      Interest Rate Risk       bunga pinjaman yang dilakukan oleh kreditur. Risiko ini            bertahap dengan jangka waktu yang lebih panjang
                               akan sangat berdampak pada besarnya pembiayaan yang                ataupun pinjaman dengan bunga tetap.
                               diperlukan oleh unit usaha, karena biaya yang dikeluarkan          The Company enforces the gradual payment method
                               akan meningkat, sehingga mempengaruhi kegiatan                     with longer term or loans with fixed interest rate.
                               operasional dan kinerja keuangan Perseroan.
                               Risks with the potential to arise due to fluctuations in loan
                               interest rates conducted by creditors. This risk will highly
                               impact the amount of financing required by business
                               units, as costs spent will rise, thus affecting the Company’s
                               operational activities and financial performance.
      Risiko Kredit            Risiko kredit yang merupakan risiko kerugian sehubungan            Perseroan bersikap selektif dalam memberikan
      Credit Risk              dengan pihak peminjam tidak dapat dan/atau tidak mau               kredit dengan sistem penjualan tunai bertahap
                               memenuhi kewajiban untuk membayar kembali dana yang                kepada konsumen. Hal itu dimulai dari strategi
                               dipinjamnya secara penuh pada saat jatuh tempo.                    penetapan uang muka, pemilihan segmen pasar
                               Credit risk is the risk of loss in connection with the             hingga pemenuhan persyaratan-persyaratannya.
                               circumstance where the borrower is unable and/or unwilling         The Company acts selectively in providing credit/
                               to fulfill the obligation to repay the borrowed funds in full at   loan to consumers with a gradual cash sale system.
                               maturity.                                                          This starts with the strategy of determining the
                                                                                                  downpayment, market segment selection to the
                                                                                                  fulfillment of requirements.



      Risiko Pasar
      Market Risk
         Jenis Risiko                                    Deskripsi                                                Langkah Mitigasi
         Type of Risk                                    Description                                              Mitigation Action
      Risiko Pasar             Pangsa pasar yang cukup besar dan tumbuh secara                    Perseroan senantiasa berupaya mengeluarkan
      Market Risk              signifikan menjadi daya tarik bagi banyak pihak untuk              produk yang inovatif sehingga dapat memenuhi
                               terlibat ke dalam industri yang sama dengan Unit Usaha.            kebutuhan pasar dan memfokuskan pengembangan
                               Situasi ini berpotensi meningkatkan persaingan usaha               pada proyek- proyek yang telah memiliki kinerja
                               dan menciptakan kelebihan pasokan di pasar yang                    yang telah terukur selama ini.
                               dapat menurunkan penjualan produk dan berkurangnya                 The Company continues to introduce innovative
                               permintaan terhadap produk Perseroan.                              products in order to meet market needs, and focuses
                               A vast market share with significant growth appeals to many        on the development of projects with power and
                               parties who are interested in joining the same industry as the     measurable performance to date.
                               Business Units. This situation has the potential to heighten
                               business competition and create oversupply in the market,
                               which can decrease sales of products and reduce demand for
                               the Company’s products.
      Risiko Kinerja Unit      Sebagai Induk Perusahaan, penghasilan dan laba operasi             Perseroan secara aktif melakukan pemantauan
      Usaha                    Perseroan merupakan kontribusi dari kinerja unit usaha.            terhadap Unit Usaha, seperti memberlakukan
      Business Units’          Faktor-faktor yang dapat berdampak negatif terhadap                peraturan seleksi ketat terhadap seluruh kontraktor
      Performance Risk         kinerja keuangan Unit Usaha berpotensi menurunkan                  dan pemasok, menerapkan sistem usaha yang
                               tingkat penghasilan Perseroan.                                     baik untuk mengurangi risiko bisnis, sekaligus
                               As the Parent Entity, the Company’s earnings and operating         memperbaharui informasi dan memperkuat
                               profits are incurred from the contribution of business units’      akuntabilitas untuk pengambilan keputusan bisnis di
                               performance. Factors that may negatively affect the financial      lingkungan Unit Usaha.
                               performance of Business Units may potentially reduce the           The Company actively monitors the Business
                               Company’s earnings.                                                Units, as by enforcing strict selection regulations
                                                                                                  for all contractors and suppliers, implementing a
                                                                                                  good business system to reduce business risks, as
                                                                                                  well as updating information and strengthening
                                                                                                  accountability for business decision-making within
                                                                                                  the Business Unit.




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Management Discussion and Analysis             Corporate Governance Report            Integrated Corporate Social Responsibility/Sustainability Report




Risiko Pasar
Market Risk
     Jenis Risiko                               Deskripsi                                                Langkah Mitigasi
     Type of Risk                               Description                                              Mitigation Action
 Risiko Usaha           Perseroan merupakan perusahaan properti terintegrasi            Dalam memulai pengembangan usahanya Perseroan
 Business Risk          yang mempunyai lini bisnis yang beragam dalam bidang            menerapkan proses evaluasi yang saksama dan
                        landed residential, kondominium, perkantoran, perhotelan,       melakukan uji tuntas dengan penetapan IRR yang
                        hiburan dan rekreasi serta pusat perbelanjaan. Faktor           sangat ketat.
                        keberagaman usaha tersebut menimbulkan dampak pada              In starting business development, the Company
                        meningkatnya risiko usaha.                                      implements a vigilant assessment process and
                        As an integrated property company with various lines of         conducts due diligence by determining strict IRR.
                        business in landed residential, condominium, office space,
                        hotels, entertainment and recreation as well as shopping
                        centers. Such diverse business portfolio generates impacts
                        that increase business risks.
 Risiko Sistem dan      Risiko ini timbul sebagai akibat adanya ketidakseragaman        Perseroan meminimalisasi potensi masalah ini
 Teknologi              sistem dan teknologi dalam operasional Perseroan.               dengan menetapkan bahwa Unit Usaha tetap
 System and             Kompleksitas sistem yang belum terintegrasi penuh antara        mengacu pada kebijakan penetapan sistem dan
 Technology Risk        Perseroan dan Unit Usaha dapat mempengaruhi sinergitas          teknologi sesuai yang diacu oleh Perseroan.
                        satu bisnis dengan yang lainnya.                                The Company minimizes the potential of this problem
                        This risk arises as a result of the lack of uniformity in the   by ensuring that the Business Unit continues to
                        systems and technology applied in the Company’s operations.     refer to the policies on determining the system and
                        The complexity of the system that is not yet fully integrated   technology as referred to by the Company.
                        between the Company and the Business Units may affect the
                        synergy of one business with the others.



Risiko Sumber Daya Manusia (SDM)
Human Resources (HR) Risk
     Jenis Risiko                               Deskripsi                                                Langkah Mitigasi
     Type of Risk                               Description                                              Mitigation Action
 Risiko SDM             Risiko SDM berkaitan dengan penyimpangan hasil dari             Perseroan senantiasa menempatkan SDM sebagai
 Human Resource         tingkat produktivitas yang diharapkan, karena adanya            aset utama dalam mencapai tujuan Perseroan.
 Risk                   variabel yang mempengaruhi produktivitas kerja. Sebagai         Oleh karena itu, Perseroan mengadakan penilaian
                        perusahaan yang mengelola jumlah tenaga kerja dengan            karyawan berbasis dua arah antara atasan dan
                        beragam latar belakang, Perseroan memiliki risiko               bawahan dan memberikan remunerasi yang
                        yang berpotensi timbul akibat kinerja SDM dan proses            kompetitif dengan perusahaan lain dalam industri
                        pengelolaan yang tidak maksimal.                                yang sejenis untuk menjaga rendahnya tingkat
                        HR risk is related to deviations resulting from the expected    pergantian karyawan.
                        level of productivity, due to variables that influence work     The Company always places HR as the main asset
                        productivity. As a company that manages a workforce             in achieving the Company’s objectives. For this
                        with diverse backgrounds, the Company has risks with the        reason, the Company conducts a two-way appraisal
                        potential to arise due to HR performance and management         between supervisors and subordinates and provides
                        processes that is not optimal.                                  competitive remuneration compared to other
                                                                                        companies in similar industries to maintain low
                                                                                        employee turnover.




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           Kilas Kinerja                         Profil Perusahaan                       Laporan Manajemen                     Unit Pendukung Bisnis
      Performance Highlights                      Corporate Profile                      Management Report                      Business Support Unit




      Risiko Eksternal
      Eksternal Risk
         Jenis Risiko                                   Deskripsi                                                Langkah Mitigasi
         Type of Risk                                   Description                                              Mitigation Action
      Risiko Lingkungan,       Risiko yang timbul dalam pengembangan properti                   Perseroan senantiasa berusaha memenuhi
      Sosial dan Politik       dapat terdiri dari berbagai jenis, di antaranya peraturan        ekspektasi seluruh pemangku kepentingan
      Environment, Social      pemerintah tentang pembatasan pemilikan properti oleh            sebelum memulai suatu proyek. Hal ini dilakukan
      and Political Risk       warga negara asing, aturan perpajakan, bencana alam,             melalui implementasi standar- standar terbaik dan
                               kejahatan dan terorisme yang seluruhnya berada di luar           terencana, perkiraan atas potensi terjadinya force
                               kendali Perseroan.                                               majeure dengan mengasuransikan seluruh proyek,
                               Risks that arise in the property development may consist         serta memperhatikan faktor lingkungan sehingga
                               of several types, among others, government regulation            terjadi keseimbangan antara pembangunan dan
                               on limitation to property ownership by foreigners, tax           kelestarian lingkungan.
                               regulations, natural disasters, crime and terrorism which all    The Company always strives to fulfill the expectations
                               are beyond the Company’s control.                                of all stakeholders prior to starting a project. This is
                                                                                                carried out through the implementation of best and
                                                                                                well-planned standards, estimation of the potential
                                                                                                occurrence of force majeure by insuring all projects,
                                                                                                as well as taking into account the environmental
                                                                                                factor so as to generate a balance between
                                                                                                development and preservation of the environment.
      Risiko Hukum             Dalam hubungan bisnis dengan pihak ketiga, terdapat              Perseroan secara saksama mematuhi peraturan
      Legal Risk               potensi timbulnya sengketa atau perkara hukum. Hal               yang berlaku dan memastikan bahwa proyek telah
                               ini dapat mempengaruhi reputasi Perseroan, kegiatan              memenuhi ketentuan hukum. Risiko tuntutan
                               usaha dan pencapaian target laba Perseroan. Selanjutnya,         hukum masyarakat terhadap dampak lingkungan
                               adanya perubahan kebijakan hukum yang ditetapkan oleh            dapat diminimalisir melalui pemenuhan persyaratan
                               regulator yang harus dipatuhi oleh objek hukum, juga dapat       pemerintah, terutama yang berkaitan dengan
                               memberikan risiko hukum bagi Perseroan.                          penanganan dampak lingkungan.
                               In business relations with third-parties, potential disputes     The Company cautiously complies with applicable
                               or legal cases may occur. This can affect the Company’s          regulations and ensures that projects comply
                               reputation, business activities and achievement of Company’s     with legal provisions. Risk of public lawsuits on
                               profit targets. Subsequently, changes in the legal policies      environmental impact may be minimized through the
                               setforth by regulators that must be adhered to by legal          fulfillment of government requirements, especially
                               objects, may also generate legal risks for the Company.          those related to environmental impact management.
      Risiko Reputasi          Risiko reputasi merupakan potensi hilang atau melemahnya         Dalam memulai pengembangan usahanya Perseroan
      Reputation Risk          nama baik Perseroan. Hal itu mungkin terjadi akibat adanya       menerapkan proses evaluasi yang saksama dan
                               publikasi negatif atau rendahnya penerimaan lingkungan           melakukan uji tuntas dengan penetapan IRR yang
                               eksternal.                                                       sangat ketat.
                               Reputation risk is the potential loss or weakening of the        In starting business development, the Company
                               Company’s good name. This may occur due to negative              implements a vigilant assessment process and
                               publication or low acceptance from an external environment.      conducts due diligence by determining strict IRR.
      Risiko Sistem dan        Risiko ini timbul sebagai akibat adanya ketidakseragaman         Perseroan berkomitmen menjaga reputasinya
      Teknologi                sistem dan teknologi dalam operasional Perseroan.                dengan memastikan kualitas produk dan jasanya.
      System and               Kompleksitas sistem yang belum terintegrasi penuh antara         Di samping itu, Perseroan juga selalu menjaga
      Technology Risk          Perseroan dan Unit Usaha dapat mempengaruhi sinergitas           hubungan baik dengan masyarakat luas maupun
                               satu bisnis dengan yang lainnya.                                 masyarakat sekitar di mana suatu proyek dibangun,
                               This risk arises as a result of the lack of uniformity in the    baik melalui program tanggung jawab sosial
                               systems and technology applied in the Company’s operations.      perusahaan maupun partisipasi dalam berbagai
                               The complexity of the system that is not yet fully integrated    proyek atau kegiatan masyarakat sekitar.
                               between the Company and the Business Units may affect the        The Company is committed to maintaining its
                               synergy of one business with the others.                         reputation by ensuring quality products and services.
                                                                                                In addition, the Company also always maintains
                                                                                                good relations with the community at large as well
                                                                                                as the community in the surrounding areas where
                                                                                                the Company’s projects are in operation, either
                                                                                                through the corporate social responsibility program
                                                                                                or participation in several surrounding community
                                                                                                projects or activities.




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Analisis dan Pembahasan Manajemen           Laporan Tata Kelola Perusahaan      Tanggung Jawab Sosial Perusahaan Terintegrasi/Laporan Keberlanjutan
Management Discussion and Analysis           Corporate Governance Report            Integrated Corporate Social Responsibility/Sustainability Report




Fokus Pelaksanaan Tugas RMC Tahun 2023                                Focus of RMC Duty Implementation in 2023
Pada tahun 2023, pelaksanaan tugas dan kegiatan RMC berfokus          In the year 2023, implementation of duties and activities of
pada hal-hal berikut ini:                                             RMC was focused on such matters as follows:
1.   Melanjutkan pelaksanaan pertemuan/rapat koordinasi dengan        1.     Continued with coordination meetings withother work
     fungsi kerja lain terutama terkait dengan penyelesaian                  functions especially related to the completion of the
     laporan keuangan;                                                       financial statements;
2.   Melakukan pengkinian sebagaimana diperlukan atas kebijakan,      2.     Updated as required on policies, systems ad procedures
     sistem dan prosedur yang berlaku di seluruh fungsi kerja,               applicable in all work functions, both by the initiative of the
     baik atas inisiatif Divisi RMC maupun atas permintaan                   RMC Division as well as by request of other Directorates/
     Direktorat/Divisi lain;                                                 Divisions;
3.   Melakukan pengkinian sebagaimana diperlukan atas kebijakan,      3.     Updated as required on the policies, systems and procedures
     sistem dan prosedur terkait dengan rangkaian aktivitas                  related to the series of activities in preparing the consolidated
     penyusunan laporan keuangan konsolidasian;                              financial statements;
4.   Melakukan pengkinian sebagaimana diperlukan atas                 4.     Updated as required on the Standard Operating Procedures
     Standard Operating Procedures seluruh Direktorat, Divisi,               in all Directorates, divisions, and Departments in accordance
     dan Departemen disesuaikan dengan persyaratan dalam                     with the requirements in the latest quality management
     standar manajemen mutu terbaru;                                         standards;
5.   Melanjutkan monitoring berkala atas sistem dan prosedur          5.     Continued with perioodic monitoring of the systems and
     terkait proses operasional di area Kesehatan dan Keselamatan            procedures related to the operational process in Occupational
     Kerja (K3) sebagai Pilar Keberlanjutan Bakrieland, serta                Health and Safety (K3L) as Bakrieland’s sustainability Pillar,
     melaporkan hasil evaluasinya kepada manajemen; dan                      as well as submission of the report on assessment results
                                                                             to the management; and
6.   Melaksanakan fungsi review atas transaksi dan dokumen            6.     Carried out the review function on transactions and documents
     yang membutuhkan persetujuan Direksi dan Komisaris, dalam               requiring approval of the Board of Directors and the Board
     hal perikatan dengan pihak ketiga maupun penyampaian                    of Commissioners, in the context of engaging with third-
     laporan kepada pihak regulator.                                         parties and submission of reports to regulators.


Tinjauan Atas Efektivitas Sistem                                      Review of the Effectiveness of Risk
Manajemen Risiko                                                      Management System
Dari waktu ke waktu, Perseroan terus berusaha meningkatkan            From time to time, the Company continues to strive to improve
efektivitas sistem manajemen risiko pada setiap kegiatan rutin        the effectiveness of the risk management system in every
yang dijalankan perusahaan, di antaranya dengan melakukan             routine activity carried out by the Company, among others, by
pengawasan dan perbaikan yang berkelanjutan agar aktivitas            continually supervising and improving so that risk management
pengelolaan risiko dapat berjalan lebih efektif dan efisien dengan    activities can progress more effectively and efficiently through
menggunakan desentralisasi.                                           the use of decentralization.


Selama periode pelaporan 2023, Perseroan kembali melakukan            Throughout the reporting year of 2023, the Company again
pemantauan berkala terhadap risiko yang dikelola oleh Unit-Unit       conducted periodic monitoring of risks managed by Business
Usaha melalui forum Business Review yang diselenggarakan              Units through the Business Review forum held every three
setiap 3 bulan di mana acara tersebut turut dihadiri oleh Direksi     months whereby attendants were members of the Board of
Perseroan dan Unit Usaha. Pelaksanaan forum ini bertujuan             Directors and Business Units. Implementation of this forum was
untuk membahas mengenai kinerja keuangan dan operasional              intended to discuss the Company’s financial and operational
Perseroan serta mendiskusikan isu-isu strategis yang terkait          performance as well as through the use strategic issues related
dengan pengembangan bisnis, operasional, penjualan, SDM,              to business, operations, sales, HR, and financial development.
dan keuangan.


Berdasarkan      hasil   pengawasan      tersebut,    Perseroan       Based on the results of this supervision, the Company concluded
berkesimpulan bahwa proses analisa dan evaluasi atas profil           that the analysis and evaluation processes of the risk profile
risiko-risiko yang relevan dengan kegiatan usaha Perseroan            relevant to the Company’s business activities were adequately
telah dilakukan oleh seluruh risk taker secara memadai dengan         carried out by all risk takers by identifying the initial objectives



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       Performance Highlights                 Corporate Profile                Management Report                      Business Support Unit




      mengidentifikasi tujuan awal dari aktivitas tersebut, menentukan   of such activities, determining the potential incidents that may
      potensi kejadian yang dapat menghalangi tercapainya tujuan         hinder the achievement of such objectives (risk), detecting the
      tersebut (risiko), mendeteksi kemungkinan keterjadian,             possibility of occurrence, impact from the risk, identifying or
      dampak dari risiko, mengidentifikasi atau menetapkan tindakan      determining the control actions in order to reduce the impact
      pengendalian untuk mengurangi dampak dari risiko, kemudian         of the risk, then providing assessment by establishing the level
      memberikan penilaian dengan menetapkan tingkat risiko.             of the risk.


      Dengan melibatkan seluruh unsur di Perseroan, Direksi menilai      By involving all elements in the Company, the Board of Directors
      penerapan sistem manajemen risiko di Perseroan sepanjang           assessed that the implementation of the risk management
      tahun 2023 sudah berjalan dengan baik, efektif, dan terukur. Hal   system in the Company throughout the year 2023 was running
      ini tercermin dari keberhasilan Perseroan dan Anak Perusahaan      appropriately, effectively, and measurable. This is reflected in
      dalam mengelola secara optimal risiko-risiko yang dihadapi dan     the Company’s and Subsidiaries’ success in optimally managing
      memastikan terpenuhinya kebutuhan konsumen, salah satunya          the risks they faced and ensured that consumers’ needs were
      dengan melaksanakan peninjauan atas praktik Perlindungan           fulfilled, among which was implementing a review of the
      Konsumen di lingkup Unit Usaha Perseroan.                          practices of Consumers’ Protection within the Company’s
                                                                         Business Units.


      Pernyataan Direksi dan/atau Dewan                                  Statement of the Board of Directors and/
      Komisaris atas Kecukupan Sistem                                    or the Board of Commissioners on the
      Manajemen Risiko                                                   Adequacy of the Risk Management System
      Selama tahun 2023, Direksi telah melakukan evaluasi secara         During the year 2023, the Board of Directors vigilantly assessed
      seksama atas efektivitas sistem manajemen risiko melalui           the effectiveness of the risk management system through
      peninjauan berkala atas kebijakan dan prosedur manajemen           periodic reviews of applicable risk management policies and
      risiko yang berlaku, serta menganalisa laporan eksposur            procedures, as well as analysis of the risk exposure reports
      risiko dan penilaian profil risiko yang disampaikan oleh RMC.      and risk profile evaluations presented by RMC. Meanwhile,
      Sementara Dewan Komisaris melakukan pengawasan dan                 the Board of Commissioners supervised and evaluated the
      evaluasi terhadap penerapan sistem manajemen risiko yang           implementation of the risk management system carried out
      telah dilakukan oleh Direksi.                                      by the Board of Directors.


      Berdasarkan hasil evaluasi tersebut, Direksi dan Dewan             Based on the above assessment results, the Board of
      Komisaris menyatakan bahwa sistem manajemen risiko yang            Directors and the Board of Commissioners stated that the
      diterapkan di Perseroan telah berjalan efektif, memadai, dan       risk management system applied to the Company was running
      mampu mengendalikan risiko-risiko yang dihadapi Perseroan.         effectively, adequately, and capable of controlling the risks
      Berkat implementasi pengelolaan risiko yang optimal, proses        faced by the Company. Due to the optimal implementation
      pencapaian tujuan bisnis Perseroan tidak terganggu tanpa           of risk management, the process of achieving the Company’s
      mengorbankan kinerja keuangan, kepatuhan dan/atau reputasi.        business objectives was not disrupted without sacrificing
                                                                         performance in finance, compliance and/or reputation.


      Rencana Pengembangan Divisi                                        Development Plan of RMC Division in 2024
      RMC Tahun 2024
      Pada tahun 2024, Divisi RMC tetap berupaya untuk melekatkan        In the year 2024, RMC Division remains with efforts to attach
      manajemen risiko pada masing-masing sistem dan prosedur kerja      risk management to each respective work system and procedure
      seluruh fungsi kerja untuk membudayakan manajemen risiko           of all work functions in order to nurture risk management in
      dalam setiap proses kerja, serta bersinergi dengan semua organ     each work process, as well as to synergize with all Company
      Perseroan (semua divisi dan unit usaha). Inisiatif ini dilakukan   organs (all divisions and business units). Such initiative is carried
      dalam rangka meningkatkan kesadaran dan pemahaman                  out in the context of improving the awareness and knowledge
      karyawan akan pentingnya penerapan sistem manajemen risiko         of employees on the importance of risk management system
      di lingkungan bisnis Perseroan.                                    implementation within the Company’s business environment.




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Management Discussion and Analysis           Corporate Governance Report            Integrated Corporate Social Responsibility/Sustainability Report




Surat Pernyataan Direksi Tentang Tanggung                             Statement Letter of the Board of Directors
Jawab Atas Pengendalian Internal Dan                                  on the Responsibility on Internal Control
Manajemen Risiko                                                      and Risk Management

Yang bertanda tangan dibawah ini :                                    The undersigned:
Ambono Janurianto, dalam hal ini bertindak dalam kedudukannya         Ambono Janurianto, in this case acting in his capacity as the
selaku Presiden Direktur dari dan oleh karenanya sah dan              President Director of and therefore legally and authorized to
berwenang bertindak untuk dan atas nama Direksi PT Bakrieland         act for and on behalf of the Board of Directors of PT Bakrieland
Development Tbk (“Perseroan”), suatu Perseroan Terbatas yang          Development Tbk (“Company”), a Limited Liabiity Company
berkedudukan di Jakarta, Wisma Bakrie 1 Lantai 6, Jalan HR.           located in Jakarta, Wisma Bakrie 1, 6th Floor, Jalan HR Rasuna
Rasuna Said Kav. B- 1, Jakarta Selatan, untuk selanjutnya disebut     Said Kav. B-1, South Jakarta, hereinafter referred to as the
“Yang Membuat Pernyataan”.                                            “Person In Charge of Asserting the Statement”.


Dengan ini menyatakan bahwa :                                         Hereby states that:
1.   PT Bakrieland Development Tbk selama tahun 2023 telah            1.     PT Bakrieland Development Tbk, during the year 2023, has
     menerapkan suatu sistem manajemen risiko yang memadai                   applied an adequate risk management system and complied
     dan memenuhi aturan pengendalian internal Perseroan                     with the Company’s internal control provisions as well as
     serta melaksanakan kebijakan-kebijakan yang ditetapkan                  implemented policies established by the Company
     oleh Perseroan
2.   Selain itu, pengelolaan manajemen risiko Perseroan dan           2.     In addition, the implementation of the Company’s risk
     pemenuhan aturan serta sistem pengendalian internal telah               management and compliance with regulations, as well as
     dilaksanakan secara efektif dan efisien dalam aspek-aspek               the internal control system have been carried out effectively
     yang material.                                                          and efficiently in all material aspects.


Demikian Surat Pernyataan ini dibuat dengan sebenar-benarnya          Thus, this Statement Letter is made in sincerity to comply
guna memenuhi prinsip tanggung jawab dalam Tata Kelola                with the principle of responsibility within the Company’s Good
Perusahaan yang baik di Perseroan.                                    Corporate Governance.



                                                      Jakarta, 31 Januari 2024
                                                      Jakarta, 31 January 2024




                                                   Ambono Januarianto
                                                          Presiden Direktur
                                                         President Director




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       Performance Highlights                    Corporate Profile                  Management Report                      Business Support Unit




      Kegiatan Manajemen Risiko Tahun 2023                                   Risk Management Activities in 2023
      Sepanjang tahun 2023, RMC telah menjalankan sejumlah program,          Throughout the year 2023, RMC conducted a numer of programs,
      antara lain sebagai berikut:                                           including the following:
      1.   Melanjutkan pelaksanaan pertemuan/rapat koordinasi dengan         1.   Continued with coordination meetings with other work
           fungsi kerja lain terutama terkait dengan penyelesaian laporan         functions especially related to the completion of the financial
           keuangan.                                                              statements;
      2.   Melakukan pengkinian sebagaimana diperlukan atas kebijakan,       2.   Updated as required on policies, systems ad procedures
           sistem dan prosedur yang berlaku di seluruh fungsi kerja, baik         applicable in all work functions, both by the initiative of
           atas inisiatif Divisi RMC maupun atas permintaan Direktorat/           the RMC Division as well as by request of other Directorates/
           Divisi lain.                                                           Divisions;
      3.   Melakukan pengkinian sebagaimana diperlukan atas kebijakan,       3.   Updated as required on the policies, systems and procedures
           sistem dan prosedur terkait dengan rangkaian aktivitas                 related to the series of activities in preparing the consolidated
           penyusunan laporan keuangan konsolidasian.                             financial statements;
      4.   Melakukan pengkinian sebagaimana diperlukan atas Standard         4.   Updated as required on the Standard Operating Procedures
           Operating Procedures seluruh Direktorat, Divisi, dan Departemen        in all Directorates, divisions, and Departments in accordance
           disesuaikan dengan persyaratan dalam standar manajemen                 with the requirements in the latest quality management
           mutu terbaru.                                                          standards;
      5.   Melanjutkan monitoring berkala atas sistem dan prosedur           5.   Continued with perioodic monitoring of the systems and
           terkait proses operasional di area Kesehatan dan Keselamatan           procedures related to the operational process in Occupational
           Kerja sebagai Pilar Keberlanjutan Bakrieland, serta melaporkan         Health and Safety (K3L) as Bakrieland’s Sustainability Pillar,
           hasil evaluasinya kepada manajemen.                                    as well as submission of the report on assessment results
                                                                                  to the management; and
      6.   Melaksanakan fungsi review atas transaksi dan dokumen             6.   Carried out the review function on transactions and documents
           yang membutuhkan persetujuan Direksi dan Komisaris, dalam              requiring approval of the Board of Directors and the Board
           hal perikatan dengan pihak ketiga maupun penyampaian                   of Commissioners, in the context of engaging with third-
           laporan kepada pihak regulator.                                        parties and submission of reports to regulators.


      KASUS DAN PERKARA PENTING                                              IMPORTANT CASES AND ISSUES

      Selama tahun 2023, tidak terdapat perkara hukum yang                   During the year 2023, there were no legal cases with material
      berdampak material yang dihadapi oleh Perseroan, Anak                  impact faced by the Company, Subsidiaries, members of the
      Perusahaan, anggota Direksi dan anggota Dewan Komisaris.               Board of Directors and members of the Board of Commissioners.


      INFORMASI MENGENAI SANKSI                                              INFORMATION ON ADMINISTRATIVE AND
      ADMINISTRASI DAN FINANSIAL                                             FINANCIAL SANCTIONS

      Pada tahun 2023, Perseroan menerima sebanyak 2 surat dari              In 2023, the Company received 2 letters from OJK and 12 letters
      OJK dan 12 surat dari BEI perihal laporan keuangan tahunan,            from IDX regarding the annual, semester and quarterly financial
      tengah tahunan, triwulanan, serta tentang perdagangan efek.            statements, as well as on securities trading.


      PROGRAM KEPEMILIKAN SAHAM DEWAN                                        SHARES OWNERSHIP PROGRAM OF THE
      KOMISARIS DAN DIREKSI                                                  BOARD OF COMMISSIONERS AND THE
                                                                             BOARD OF DIRECTORS

      Setiap tahun, Dewan Komisaris dan Direksi membuat Surat                Every year, the Board of Commissioners and the Board of Directors
      Pernyataan Kepemilikan Saham dan dimuat dalam Laporan                  issue the Statement Letter on Share Ownership and published in
      Tahunan. Surat pernyataan tersebut menyatakan jumlah lembar            the Annual Report. This statement letter conveys the number of




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saham yang dimiliki anggota Dewan Komisaris dan anggota Direksi      shares owned by members of the Board of Commissioners and
beserta keluarga (istri dan anak). Per 31 Desember 2023, seluruh     members of the Board of Directors together with their respective
Dewan Komisaris dan Direksi Perseroan beserta keluarga tidak         family members (wife and children). As of 31 December 2023,
memiliki saham baik di Perseroan ataupun perusahaan lain.            all members of the Board of Commissioners and the Board of
                                                                     Directors together with their family members do not own any
                                                                     shares in the Company or other companies.


PEMBERIAN KOMPENSASI JANGKA                                          PROVISION OF LONG-TERM COMPENSATION
PANJANG

Hingga akhir tahun 2023, Perseroan tidak memiliki dan                Until the end of the year 2023, the Company did not have and
menerapkan kebijakan mengenai pemberian kompensasi jangka            implement policies on providing long-term compensation based
panjang berbasis kinerja kepada manajemen dan/atau karyawan.         on performance to the management and/or employees.


PEDOMAN PERILAKU DAN KODE ETIK                                       CODE OF CONDUCT AND CODE OF ETHICS

Perseroan mendorong seluruh karyawan agar senantiasa                 The Company encourages all employees to continuously perform
menjalankan tugas dan tanggung jawab secara jujur, penuh             their duties and responsibilities with honesty, full integrity and
integritas dan terbuka, dengan menghargai sesama. Untuk              transparency, with mutual respect. To support the manifestation
mendukung terwujudnya akuntabilitas profesional, Perseroan           of professional accountability, the Company always instills
senantiasa menanamkan nilai-nilai dan prinsip-prinsip Etika          the values and principles of Corporate Ethics throughout the
Perusahaan di seluruh organisasi dengan cara memberikan              organization by setting an example, building awareness, and
contoh, membangun kesadaran, dan memberikan berbagai                 providing various types of training.
macam pelatihan.


Pokok-pokok Etika Perusahaan telah dituangkan dalam Pedoman          The principles of Corporate Ethics are outlined in Bakrieland
Perilaku Bakrieland yang ditandatangani oleh Komisaris Utama         Code of Conduct signed by the President Commissioner and
dan Direktur Utama pada 2017. Pedoman ini berisikan sekumpulan       the President Director in 2017. This Code contains a set of
standar perilaku yang harus dipatuhi oleh semua karyawan             behavioral standards that must be adhered to by all employees
saat berinteraksi dengan rekan kerja, pemasok, mitra bisnis          when interacting with colleagues, suppliers, business partners
dan pelanggan, serta pemegang saham ataupun pemangku                 and customers, as well as shareholders or other stakeholders.
kepentingan lainnya. Pelaksanaan Etika Perusahaan yang               Continuous implementation of the Corporate Ethics is believed
berkesinambungan diyakini dapat membentuk budaya kerja yang          to be able to generate a positive work culture and embody the
positif dan mengandung nilai-nilai Perseroan. Perwujudan Kode        Company’s values. The manifestation of the Code of Conduct
Etik bersifat universal dan berlaku setara untuk seluruh level       is universal and applies equally to all levels of the organization
organisasi tanpa terkecuali.                                         without exception.


Pokok-Pokok Kode Etik                                                Elements of the Code of Ethics
Kode Etik Perseroan mengatur hal-hal sebagai berikut:                The Company’s Code of Ethics regulate the following matters:
1.   Hubungan Karyawan dengan Perseroan                              1.     Employee Relationship with the Company
2.   Hubungan sesama Karyawan                                        2.     Relationship between Employees
3.   Hubungan dengan Konsumen                                        3.     Relationship with Consumers
4.   Hubungan dengan Pemasok                                         4.     Relationship with Suppliers
5.   Hubungan dengan Pemegang Saham                                  5.     Relationship with Shareholders
6.   Hubungan dengan Pemerintah                                      6.     Relationship with the Government
7.   Hubungan dengan Masyarakat                                      7.     Relationship with the Community


Pengesahan dan Sosialisasi                                           Ratification and Socialization
Pedoman Perilaku Perseroan disahkan melalui Surat Keputusan          The Company’s Code of Conduct was ratified through the
Direksi No. 047/SK-Dir/IV/07. Selain berisikan sekumpulan            Decree of the Board of Directors No. 047/SK-Dir/IV/07. Aside
aturan atau standar praktik etis, Pedoman Perilaku Bakrieland        from containing a set of rules or standards of ethical practice,


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       Performance Highlights                  Corporate Profile                Management Report                    Business Support Unit




      juga mengatur mekanisme dan pemberian sanksi atas tindakan          the Bakrieland Code of Conduct also regulates mechanisms and
      penyimpangan. Pedoman Perilaku terus diperbaharui secara            sanctions for acts of deviation. The Code of Conduct continues
      berkala agar senantiasa selaras dengan perkembangan hukum,          to be updated regularly so that it is always in line with legal
      peraturan perundang-undangan serta praktik terbaik Perseroan        developments, laws and regulations, and the Company’s best
                                                                          practices.


      Pernyataan Bahwa Kode Etik Berlaku Setara Bagi Anggota              Statement that the Code of Ethics Applies Equally to All
      Direksi, Anggota Dewan Komisaris, dan Karyawan Standar              Members of the board of Directors, Members of the Board
      Etika yang tercantum dalam Pedoman Perilaku wajib dipatuhi          of Commissioners, and Employees Ethical standards stated in
      dan dilaksanakan oleh seluruh insan Perseroan di semua level        the Code of Conduct must be adhered to and implemented by
      organisasi termasuk Dewan Komisaris, Direksi, dan Organ             all personnel of the Company at all levels of the organization,
      penunjang Dewan Komisaris, serta seluruh entitas Anak               including the Board of Commissioners, the Board of Directors,
      Perusahaan.                                                         and supporting Organs of the Board of Commissioners, as well
                                                                          as all Company Subsidiaries.


      Sosialisasi Kode Etik                                               Socialization of the Code of Ethics
      Guna memberikan pemahaman yang kuat kepada seluruh Insan            In order to provide a firm understanding to all personnel of the
      Perseroan, maka sosialisasi Pedoman Perilaku dilakukan dengan       Company, then socialization of the Code of Conduct is carried
      mewajibkan seluruh level organisasi untuk membaca dengan            out by requiring all levels of the organization to carefully read
      teliti dan menandatangani Surat Pernyataan Ketaatan terhadap        and sign the Statement Letter of Compliance with the Code of
      Pedoman Perilaku. Inisiatif kegiatan tahunan ini menunjukkan        Conduct. This annual activity initiative is proof of employees’
      bukti komitmen karyawan dalam mematuhi pokok-pokok Etika            commitment to complying with the principles of Corporate
      Perusahaan. Selanjutnya, dokumen tersebut diarsipkan bersamaan      Ethics. Subsequently, the document is filed together with the
      dengan data karyawan yang bersangkutan.                             respective employees’ data.


      Penanganan Penyimpangan Pedoman Perilaku                            Handling of Deviations of the Code of Conduct
      Penanganan penyimpangan atas Pedoman Perilaku ditindaklanjuti       The handling of deviations from the Code of Conduct is followed-
      melalui mekanisme Sistem Pelaporan Pelanggaran (SPP) dengan         up through the Violation Reporting System (SPP) mechanism by
      terlebih dahulu melakukan investigasi yang mendalam dan didasari    first conducting an in-depth investigation based on facts. Final
      fakta-fakta. Adapun keputusan akhir atas temuan penyimpangan        decision on the finding of acts of non-conformity is to be taken
      tersebut akan diputuskan dengan mempertimbangkan akibat             with considerations of the consequences of the action, the level
      tindakan, tingkat kesengajaan, dan motif tindakan.                  of intention, and the motive behind the action.


      Sebagaimana diatur dalam Pedoman Perilaku, segala bentuk            As regulated in the Code of Conduct, all forms of deviation of
      pelanggaran Kode Etik akan dikenakan sanksi yang disesuaikan        the code of conduct are subject to sanctions in accordance with
      dengan bobot penyimpangan dan hierarki organisasi (pangkat          the weight of the violation and the organizational hierarchy (rank
      atau jabatan karyawan). Sanksi kepada karyawan dapat berupa         or position of the employee). Sanctions to employees may be in
      teguran lisan, surat peringatan, tidak mendapatkan kenaikan gaji,   the form of verbal warnings, warning letters, no salary, rank or
      pangkat atau bonus, hingga pemutusan hubungan kerja. Dalam hal      bonus increments, to termination of employment. In the case with
      pengenaan sanksi pemutusan hubungan kerja kepada karyawan,          sanction of employment termination, the decision must obtain
      maka keputusan tersebut harus mendapatkan persetujuan Direksi       the approval of the Board of Directors which is then followed-
      yang dilanjutkan dengan pengajuan permohonan izin kepada            up by a request for permission to the Ministry of Manpower in
      Departemen Tenaga Kerja sesuai UU Ketenagakerjaan Republik          accordance with the Manpower Law of the Republic of Indonesia.
      Indonesia.


      KEBIJAKAN BENTURAN KEPENTINGAN                                      POLICY ON CONFLICT OF INTEREST

      Perseroan memiliki Kebijakan Benturan Kepentingan yang              The Company retains the Policy on Conflict of Interest, ratified
      disahkan melalui Surat Keputusan Direksi dan Dewan Komisaris        through Decree of the Board of Directors and the Board of
      Bakrieland No 001/DIR-KOM/SK/VI/2023                                Commissioners of Bakrieland No. 001/DIR-KOM/SK/VI/2023.




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Management Discussion and Analysis          Corporate Governance Report          Integrated Corporate Social Responsibility/Sustainability Report




Kebijakan benturan kepentingan berfungsi sebagai panduan bagi        The policy on conflict of interest functions as guidelines for
anggota Dewan Komisaris dan Direksi agar dalam menjalankan           members of the Board of Commissioners and the Board of
tugas dan kewajibannya senantiasa mendahulukan kepentingan           Directors so that in implementing their duties and responsibilities
ekonomis Perseroan dan tidak menyalahgunakan jabatan untuk           they shall always put forward the economic interest of the
kepentingan dan keuntungan pribadi, keluarga dan pihak-              Company and not misuse their position for personal interest
pihak lain. Selain itu, kebijakan ini juga mengatur pemberian        and profit, nor for their family members and other parties. In
dan penerimaan hadiah dan donasi, kegiatan sampingan, dan            addition, this policy also regulates the giving and receiving of gifts
kerahasiaan informasi.                                               and donations, side-activities, and information confidentiality.


INISIASI ANTI-GRATIFIKASI                                            ANTI-GRATUITY INITIATION

Sebagai bentuk komitmen Perseroan dalam membangun                    As a form of the Company’s commitment in building a strong
budaya kepatuhan yang kuat pada semua aspek, maka                    culture of compliance on all aspects, the Company issued the
Perseroan menerbitkan Pakta Integritas yang wajib dipahami           Integrity Pact that requires all external parties such as suppliers
dan ditandatangani oleh pihak eksternal seperti pemasok. Hal         to understand and sign. This is stipulated in the Policy on
tersebut diatur dalam Kebijakan Pengadaan Barang dan/atau            Procurement of Goods and/or Services, validated through the
Jasa yang disahkan melalui Surat Keputusan Direksi PT Bakrieland     Decree of the Board of Directors of PT Bakrieland Development
Development Tbk No. 021/DIR-Perseroan/SK/VIII/11, yang               Tbk No. 021/DIR-Perseroan/SK/VIII/11 which requires the External
mensyaratkan kelengkapan Pakta Integritas Eksternal untuk            Integrity Pact to complete the documentation of the contract/
melengkapi dokumen kontrak/perjanjian dengan penyedia                agreement with providers of goods and/or services.
barang dan/atau jasa.


KEBIJAKAN ANTI-KORUPSI                                               ANTI-CORRUPTION POLICY

Komitmen Terhadap Anti-Korupsi                                       Commitment to Anti-Corruption
Perseroan dengan tegas menjalankan kegiatan usaha yang bebas         The Company firmly carries out business activities that are free
dari praktik Korupsi, Kolusi dan Nepotisme (KKN). Perwujudan         from practices of Corruption, Collusion and Nepotism (KKN). The
inisiatif anti-korupsi berkaitan erat dengan komitmen Perseroan      manifestation of anti-corruption initiative is closely connected
dalam menerbitkan Pakta Integritas yang juga menerapkan prinsip      with the Company’s commitment to issuing the Integrity Pact
anti-gratifikasi.                                                    which also applies the principle of anti-gratuity.


Perseroan berupaya menutup semua celah yang memungkinkan             The Company strives to close all loopholes that may possibly
terjadinya praktik KKN di tempat kerja melalui penerapan             allow KKN practices to occur at the work place through the
kebijakan yang telah ditetapkan secara sungguh-sungguh, salah        implementation of the policy setforth in true seriousness, one
satunya melalui Pedoman Dewan (Board Manual) yang disahkan           of which is through the Board Manual as ratified by the Decree
melalui Surat Keputusan Direksi dan Komisaris PT Bakrieland          of the Board of Directors and the Board of Commissioners of PT
Development Tbk No. 001/KOM-DIR-PERSEROAN/SK/I/2016                  Bakrieland Development Tbk No. 001/KOM-DIR-PERSEROAN/
tentang Pengesahan Board Manual. Pedoman tersebut secara jelas       SK/I/2016 regarding Ratification of the Board Manual. This
mengatur bahwa anggota Dewan Komisaris tidak diperkenankan           Manual clearly regulates that all members of the Board of
meminta atau menerima hadiah dan sejenisnya dari setiap pihak        Commissioners are prohibited from requesting or receiving gifts
yang berkepentingan di mana hal tersebut dapat mempengaruhi          and the sort from every interested party where such matter
objektivitasnya mewakili kepentingan Perseroan.                      may influence the objectiveness of representing the interests
                                                                     of the Company.


Dalam rangka meningkatkan penerapan inisiatif anti-gratifikasi,      In the context of improving the implementation of anti-
Perseroan menerbitkan Pakta Integritas kepada pihak eksternal        gratuity initiative, the Company issued the Integrity Pact
seperti pemasok. Hal tersebut diatur dalam Kebijakan Pengadaan       to all external parties such as suppliers. This is regulated in
Barang dan/atau Jasa, yang disahkan melalui SK Direksi PT            the Policy on Procurement of Goods and/or Services, which
Bakrieland Development Tbk No. 021/DIR-Perseroan/SK/VIII/11,         was ratified through the Decree of the Board of Directors of




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               Kilas Kinerja                  Profil Perusahaan                  Laporan Manajemen                    Unit Pendukung Bisnis
          Performance Highlights               Corporate Profile                 Management Report                     Business Support Unit




      yang mensyaratkan kelengkapan Pakta Integritas Eksternal untuk       PT Bakrieland Development Tbk No. 021/DIR-Perseroan/SK/
      melengkapi dokumen kontrak/perjanjian dengan penyedia barang         VIII/11, which requires the External Integrity Pact to complete
      dan/atau jasa.                                                       the documentation of the contract/agreement with the provider
                                                                           of goods and/or services.


      Aktivitas sosialisasi serta internalisasi kebijakan anti-korupsi     Socialization activities as well as internalization of the anti-
      dilakukan dengan memasang standing banner dan juga poster            corruption policy are carried out by placing standing banners and
      majalah dinding di seluruh lokasi kantor Perseroan dan Unit Usaha.   bulletin posters in all of the Company’s and Subsidiaries’ office
      Perseroan juga memanfaatkan media komunikasi internal yang           locations. The Company also takes advantage of the existing
      ada, seperti e-mail blast dan corporate news Bakrieland yang         internal communication media, such as Bakrieland e-mail blast
      terdistribusi ke seluruh karyawan.                                   and corporate news distributed to all employees.


      SISTEM PELAPORAN PELANGGARAN                                         WHISTLEBLOWING SYSTEM (WBS)

      Langkah konkret Perseroan dalam menghadirkan lingkungan              The Company’s concrete steps in delivering a business
      bisnis yang bersih dan terbebas dari segala bentuk kecurangan        environment that is clean and free from all forms of fraud are
      diwujudkan melalui penerapan kebijakan dan Sistem Pelaporan          manifested through the implementation of policies on the
      Pelanggaran (Whistleblowing System/”WBS”) yang telah dibangun        Violation Reporting System known as the Whistleblowing System
      sejak tahun 2009. Sosialisasi terkait WBS selama tahun 2023          (WBS) which was established since 2009. Socialization related
      dilakukan melalui meeting bulanan semua divisi.                      to WBS during the year 2023 was conducted through the all-
                                                                           division monthly meetings.


      Dengan adanya WBS dan tim khusus yang menangani pelaporan            With the WBS in place and a special team to manage violation
      pengaduan, Perseroan berharap seluruh karyawan dan para              reporting, the Company hopes that all employees and other
      pemangku kepentingan lainnya menjadi lebih terbuka dan               stakeholders become more open and transparent to report any
      transparan untuk melaporkan segala bentuk tindakan pelanggaran       form of acts of violation or alleged violations of the Company’s
      atau dugaan terjadinya pelanggaran terhadap kebijakan dan/atau       policies and/or procedures as well as the code of ethics and
      prosedur serta kode etik dan nilai-nilai budaya Perseroan, serta     cultural values, as well as other violations as regulated in the
      pelanggaran lainnya yang telah diatur dalam kebijakan WBS.           WBS policy.


      Pihak Yang Mengelola WBS                                             The Party Managing the WBS
      Berdasarkan Surat Keputusan Direksi Perseroan No. 118/SK/            Based on the Decree of the Company’s Board of Directors No.
      Dir-BLD/VIII/09, Direksi memutuskan untuk membentuk dan              118/SK/Dir-BLD/VIII/09, the Board of Directors decided to form
      menunjuk Tim Khusus Pengelola Pelaporan Pelanggaran (TKPP)           and appoint a Special Team for Violation Reporting Management
      yang terdiri dari Internal Audit Division Head, Corporate Legal      (TKPP) that consists of the Internal Audit Division Head, Corporate
      Division Head, HRD&GA Division Head, dan Corporate Secretary.        Legal Division Head, HRD & GA Division Head, and Corporate
                                                                           Secretary.


      Mekanisme Penyampaian Pelaporan dan                                  Mechanism of Reporting and Handling Violation
      Penanganan Pengaduan
      Perseroan telah menyediakan berbagai media WBS yang                  The Company has provided various media of WBS that may be
      dapat dimanfaatkan oleh para Pelapor dalam menyampaikan              used by the Whistleblower (the person who submits the report of
      laporan pengaduannya jika diduga telah terjadi pelanggaran           alledged violation) in submitting a complaint report if is suspected
      yang dilakukan oleh karyawan Perseroan dengan mekanisme              that a violation has occurred by a Company employee using the
      sebagai berikut:                                                     following mechanism:
      •      E-mail : whistleblowing@bakrieland.com                        •    E-Mail: whistleblowing@bakrieland.com
      •      Menyampaikan surat resmi kepada:                              •    Submit an official letter to:
             Tim Khusus Pengelola Pelaporan Pelanggan                          Special Team for Violation Reporting Management/ TKPP
             PT Bakrieland Development Tbk                                     PT Bakrieland Development Tbk
             Wisma Bakrie 1 Lt 6                                               Wisma Bakrie 1, 6th Floor
             Jl HR Rasuna Said Kav B-1, Jakarta, 12920                         Jl. HR Rasuna Said Kav B-1
                                                                               Jakarta 12920

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Management Discussion and Analysis           Corporate Governance Report          Integrated Corporate Social Responsibility/Sustainability Report




Dalam mengampaikan laporan pengaduan, para Pelapor                    In submitting a complaint report, the Whistleblowers are expected
diharapkan dapat menyertakan dokumen pendukung awal agar              to also submit initial supporting documents for investigation and
dapat diinvestigasi dan ditindaklanjuti oleh TKPP. Jika dokumen       follow-up by TKPP. If reporting documents are complete, TKPP
pelaporan telah lengkap, TKPP akan melaporkan kasus terkait           will report the concerned case to the Board of Directors and the
kepada Direksi dan Dewan Komisaris melalui Komite Audit.              Board of Commissioners through the Audit Committee. TKPP will
TKPP juga akan melakukan investigasi terhadap pihak terlapor.         also investigate the party submitting the report (whistleblower).
Laporan yang tidak terbukti keabsahannya akan dikembalikan            Report whose validity is not proven will be returned to the
kepada pelapor. Namun apabila pelaporan terbukti, maka TKPP           whistleblower. However, if the report is proven valid, then TKPP
akan melaporkan hasil temuan kepada Komite Audit untuk                will report the results of the findings to the Audit Committee
ditindaklanjuti kepada Dewan Komisaris dan Direksi.                   for further follow-up to the Board of Commissioners and the
                                                                      Board of Directors.


Sementara itu untuk laporan pengaduan pelanggaran yang                In the meantime, reports of violations related to TKPP may be
berkaitan dengan TKPP dapat disampaikan dalam bentuk surat            conveyed in the form of letters and addressed to the President
dan ditujukan kepada Direktur Utama, sedangkan laporan-               Director, while reports related to the President Director may be
laporan yang berkaitan dengan Direktur Utama ditujukan kepada         addressed to the President Commissioner. In accordance with
Komisaris Utama. Sesuai dengan Pedoman Perilaku (Code of              the Code of Conduct, the Company has determined the sanction
Conduct), Perseroan telah menetapkan kategori sanksi atas             categories for reports that are proven valid.
laporan yang terbukti kebenarannya.


Perlindungan Bagi Pelapor                                             Protection of the Whistleblower
Perseroan menjamin bahwa setiap karyawan ataupun pihak-pihak          The Company assures that every employee or other parties
lain yang melapor dengan itikad baik akan dilindungi dari tindakan    who report with good intention will be protected from acts
balas dendam dan laporan yang diterima akan diperlakukan secara       of vengeance and reports that are accepted will be treated as
rahasia. Karena itu, mekanisme WBS Perseroan mengutamakan             confidential. For this reason, the Company’s WBS mechanism
anonimitas identitas Pelapor sehingga para Pelapor mendapatkan        prioritizes the identity anonymity of the Whistleblower so that
jaminan keamanan.                                                     the Whistleblower is guaranteed safety.


Sebagaimana diatur dalam kebijakan WBS, Perseroan menjamin            As regulated in the WBS policies, the Company guarantees
kerahasiaan identitas pelapor hanya jika pelapor terbukti             confidentiality of the whistleblower’s identity only if the
memberikan pelaporan yang benar dan absah. Namun sebaliknya           whistleblower is correct and valid. However, on the other hand,
jika Pelapor terbukti memberikan laporan palsu maka ynag              if the Whistleblower is proven to have submitted a false report
bersangkutan akan dikenakan sanksi sesuai peraturan perundang-        then the concerned whistleblower will be subject to sanctions
undangan yang berlaku, misalnya KUHP Pasal 310 dan 311 atau           in accordance with applicable laws and regulations, for example
peraturan internal Perseroan.                                         the Criminal Code Articles 310 and 311 or the Company’s internal
                                                                      regulations.


Implementasi dan Hasil Penanganan WBS                                 Implementation and Results of WBS Handling
Selama tahun 2023, TKPP tidak menerima laporan pelanggaran            During the year 2023, TKPP did not receive any reports of
terhadap Peraturan Perseroan dan telah ditindak lanjuti sesuai        violations to the Company Regulations and was followed-up in
dengan peraturan yang berlaku.                                        accordance with applicable regulations.




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           Kilas Kinerja                Profil Perusahaan    Laporan Manajemen   Unit Pendukung Bisnis
      Performance Highlights             Corporate Profile   Management Report    Business Support Unit




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Analisis dan Pembahasan Manajemen    Laporan Tata Kelola Perusahaan   Tanggung Jawab Sosial Perusahaan Terintegrasi/Laporan Keberlanjutan
Management Discussion and Analysis    Corporate Governance Report         Integrated Corporate Social Responsibility/Sustainability Report




                                          Tanggung Jawab Sosial
                                          Perusahaan Terintegrasi/
                                          Laporan Keberlanjutan
                                          Integrated Corporate
                                          Social Responsibility/
                                          Sustainability Report
                                                                                                2023 Annual Report Bakrieland          207
Page 210
            Kilas Kinerja                     Profil Perusahaan                    Laporan Manajemen                  Unit Pendukung Bisnis
       Performance Highlights                  Corporate Profile                   Management Report                   Business Support Unit




      Strategi Keberlanjutan
      Sustainability Strategy
      Perseroan     berkomitmen      untuk    melanjutkan          langkah   The Company is committed to continuing its business
      pengembangan bisnis di jalur keberlanjutan yang telah                  development along the sustainability path established in line
      ditetapkan seiring dengan meningkatnya komitmen untuk                  with the increasing commitment to realizing a better future
      mewujudkan masa depan industri properti yang lebih baik.               for the property industry. As one of the leading property
      Sebagai salah satu perusahaan properti unggul di Indonesia,            companies in Indonesia, The Company views sustainability as
      Perseroan memandang keberlanjutan sebagai aspek penting                an important aspect that must be integrated into its business
      yang harus diintegrasikan ke dalam strategi bisnis agar dapat          strategy in order to contribute positively to the environment,
      berkontribusi secara positif terhadap lingkungan, sosial, dan          society and economy.
      ekonomi.


      Perseroan menjadikan keberlanjutan sebagai acuan dalam                 The Company makes sustainability a reference in conducting
      berbisnis sehingga pada penerapannya tidak lagi hanya berfokus         business so that in its implementation it no longer only focuses
      pada pencapaian kinerja ekonomi semata melainkan ikut ambil            on merely achieving economic performance but also takes part
      bagian dalam mewujudkan masa depan industri properti yang              in realizing the future of the property industry which brings
      membawa manfaat besar bagi para pemangku kepentingan dan               great benefits to stakeholders and is environmentally friendly
      ramah lingkungan sesuai dengan prinsip-prinsip Lingkungan,             in accordance with Environmental, Social and Governance (ESG)
      Sosial, dan Tata Kelola (Environmental, Social, Governance/”ESG”).     principles.


      Untuk dapat mencapai target-target keberlanjutan yang sudah            To achieve the predetermined sustainability targets, the
      dicanangkan, Perseroan terus berusaha meningkatkan kesadaran           Company continues to strive to increase the employees’
      karyawan akan pentingnya implementasi model bisnis berbasis            awareness of the importance of implementing ESG-based
      ESG dalam praktik investasinya. Perseroan telah merumuskan             business models in its investment practices. The Company
      strategi keberlanjutan yang sesuai dengan kebutuhan dan core           formulates a sustainability strategy that is in line with the
      business perusahaan, serta melakukan evaluasi berkala atas             company’s needs and core business, and carries out regular
      penerapannya agar tetap relevan dengan perkembangan kondisi            evaluations on its implementation so that it remains relevant to
      eksternal dan lingkungan bisnis.                                       developments in external conditions and business environment.


      Sosialisasi nilai-nilai keberlanjutan juga ditanamkan kepada           The socialization of sustainability values is also instilled
      seluruh pemangku kepentingan dengan melibatkan pelaku-                 among all stakeholders by involving economic actors and local
      pelaku ekonomi dan tenaga kerja lokal di wilayah operasi untuk         workers in the operational areas to support the sustainability
      menopang keberlanjutan usaha Perseroan. Sementara itu dalam            of the Company’s business. On the other hand, in order
      rangka membagikan manfaat positif yang berkelanjutan dan               to share sustainable and targeted positive benefits to the
      tepat sasaran kepada masyarakat sekitar, Perseroan memiliki            surrounding community, the Company retains a Corporate Social
      program Tanggung Jawab Sosial Perusahaan (Corporate                    Responsibility (CSR) program which is carried out every year.
      Social Responsibility/”CSR”) yang dilaksanakan setiap tahun.           This CSR program is realized through various activity initiatives
      Program CSR ini direalisasikan dalam berbagai inisiatif kegiatan       oriented towards achieving Sustainable Development Goals
      yang berorientasi pada pencapaian Tujuan Pembangunan                   (SDGs).
      Berkelanjutan (Sustainable Development Goals/”SDGs”).




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Analisis dan Pembahasan Manajemen            Laporan Tata Kelola Perusahaan      Tanggung Jawab Sosial Perusahaan Terintegrasi/Laporan Keberlanjutan
Management Discussion and Analysis            Corporate Governance Report            Integrated Corporate Social Responsibility/Sustainability Report




Sebagai perusahaan pengembang properti yang memiliki                   As a property development company with a high awareness of
kesadaran tinggi untuk memelihara dan melestarikan lingkungan          maintaining and preserving the environment, the Company’s CSR
hidup, maka program CSR Perseroan di bidang lingkungan hidup           program in the environmental sector focuses on the following:
berfokus pada:
1.   Konsep desain, konstruksi, sampai proyek yang menghargai          1.     Design, construction and project concepts that respect nature;
     alam;
2.   Pengelolaan limbah yang efektif;                                  2.     Effective waste management;
3.   Perlindungan atas keanekaragaman hayati di manapun                3.     Protection of biodiversity wherever the Company operates;
     Perusahaan beroperasi;
4.   Peningkatan efisiensi energi pada setiap kegiatan operasional;    4.     Increasing energy efficiency in every operational activity; and
     dan
5.   Pemilihan vendor yang ramah lingkungan.                           5.     Selection of environmentally friendly vendors.


Dengan menerapkan strategi keberlanjutan yang terukur dan              By implementing a measurable and targeted sustainability
terarah, Perseroan optimistis mampu mengembangkan bisnis               strategy, the Company is optimistic on its ability to develop a
properti yang berkelanjutan tanpa mengorbankan kepentingan             sustainable property business without sacrificing the interests
generasi mendatang.                                                    of future generations.




                                                                                                           2023 Annual Report Bakrieland          209
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            Kilas Kinerja                    Profil Perusahaan                    Laporan Manajemen                   Unit Pendukung Bisnis
       Performance Highlights                 Corporate Profile                   Management Report                    Business Support Unit




      Kilas Kinerja Strategi Keberlanjutan
      Performance Highlights of Sustainability Strategy
      Berkat konsistensi dan kesadaran penuh seluruh karyawan               Due to the consistency and full awareness of all employees
      terhadap implementasi strategi keberlanjutan pada seluruh             regarding the implementation of sustainability strategies in
      proses bisnis, Perseroan berhasil merealisasikan target-target        all business processes, the Company succeeded in actualizing
      keberlanjutan tahun 2023:                                             its 2023 sustainability targets as shown below:




                  Rp  76        miliar
                                billion
                                                                     88%                            699.944 kg
           Total nilai pengadaan untuk barang             Vendor sudah terverifikasi               Limbah dikelola Perseroan melalui
           dan jasa yang dibeli dari pemasok                      ramah lingkungan.               kerja sama dengan berbagai vendor
            lokal di Jakarta, Bogor, Lampung,                                                      binaan pemerintah daerah. Khusus
                    dan Yogyakarta.                        The vendors are verified as             untuk kawasan Rasuna Epicentrum
                                                            environmentally friendly.                 dan Bogor Nirwana Residence,
            Total procurement value for goods                                                         Perseroan bekerja sama dengan
            and services purchased from local                                                            bank sampah setempat.
           suppliers in Jakarta, Bogor, Lampung
                     and Yogyakarta.                                                                    Waste was managed by the
                                                                                                   Company through collaboration with
                                                                                                    various local government-assisted
                                                                                                   vendors. Specifically for the Rasuna
                                                                                                      Epicentrum and Bogor Nirwana
                                                                                                       Residence areas, the Company
                                                                                                   collaborates with local waste banks.




      Fokus Praktik Keberlanjutan Tahun 2023
      Focus of Sustainability Practices in 2023
      Sepanjang tahun 2023, Perseroan berfokus untuk :                      Throughout the year 2023, the Company focused on the
                                                                            following:
      1.    Tetap memprioritaskan pengusaha lokal sebagai mitra             1.   Continue to prioritize local entrepreneurs as the Company’s
            Perseroan untuk menumbuhkan ekonomi sekitar;                         partners to develop the local economy;
      2.    Memprioritaskan warga lokal untuk menjadi karyawan              2.   Prioritize local residents to become Company employees;
            Perseroan;
      3.    Konsisten melakukan penghijauan di dalam kawasan untuk          3.   Consistently carries out greening activities within the area
            mempertahankan ekologi;                                              to maintain the ecology;
      4.    Memberikan dampak lebih besar kepada masyarakat sekitar         4.   Provide a greater impact on the surrounding community
            melalui program-program CSR;                                         through CSR programs;
      5.    Konsisten memberikan rasa nyaman dan aman di setiap             5.   Consistently provide a sense of comfort and security at
            properti Perseroan dengan penerapan Sistem Manajemen K3;             every Company’s property by implementing the OHS
                                                                                 Management System;
      6.    Konsisten menerapkan konsep desain, konstruksi, sampai          6.   Consistently apply design, construction and project concepts
            proyek yang menghargai alam pada produk properti baru.               that respect nature to new property products.




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Analisis dan Pembahasan Manajemen          Laporan Tata Kelola Perusahaan   Tanggung Jawab Sosial Perusahaan Terintegrasi/Laporan Keberlanjutan
Management Discussion and Analysis          Corporate Governance Report         Integrated Corporate Social Responsibility/Sustainability Report




Nilai Keberlanjutan
Sustainability Values
Perseroan sudah sejak 2011 merumuskan nilai-nilai keberlanjutan      Since the year 2011, the Company has formulated sustainability
melalui Pilar Keberlanjutan yang mencakup komitmen terhadap          values through the Sustainability Pillars which include
aspek finansial, lingkungan, sosial, serta praktik terbaik dan       commitment to the financial, environmental and social aspects,
kepatuhan.                                                           as well as best practices and compliance.




       Financially                     Green Through                        It’s About                      Adopting Best
       Sustainable                       & Through                          the People                       Practices &
                                                                                                             Compliance

      Sorotan Kinerja                Manajemen Produk dan                 Manajemen dan                    Praktik Tata Kelola
       Keuangan dan                   Kinerja Operasional                 Pengembangan                    yang Baik dalam pilar
    Operasional sebagai              yang berdampak pada                   Karyawan dan                   Praktik Usaha Terbaik
    pilar Berkelanjutan                Lingkungan dalam                Masyarakat dalam pilar                dan Kepatuhan
      Secara Ekonomi                   pilar Hijau Secara               Tentang Manusianya
                                          Menyeluruh                                                        Good Governance
  Financial and Operational                                               Employee and                      Practices in Best
   Performance Highlights             Product Management              Community Management                Business Practices and
     as the Economically                 and Operational                and Development in                  Compliance Pillar
      Sustainable Pillar             Performance that impact           About the People Pillar
                                        the Environment in
                                       the Green Through &
                                          Through Pillar




                                             Pilar Keberlanjutan Bakrieland
                                             Bakrieland Sustainability Pillars




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            Kilas Kinerja                             Profil Perusahaan                          Laporan Manajemen                              Unit Pendukung Bisnis
       Performance Highlights                          Corporate Profile                         Management Report                               Business Support Unit




      Tata Kelola Keberlanjutan
      Sustainability Governance
      PENANGGUNG JAWAB PENERAPAN                                                         THE PARTY RESPONSIBLE FOR THE
      PRAKTIK KEBERLANJUTAN                                                              IMPLEMENTATION OF SUSTAINABILITY
                                                                                         PRACTICES

      Dalam rangka mewujudkan pertumbuhan kinerja bisnis yang solid                      In order to realize solid and sustainable business performance
      dan berkelanjutan, Perseroan memastikan seluruh karyawan                           growth, the Company ensures that all employees consistently
      telah menerapkan prinsip-prinsip tata kelola yang baik secara                      apply the principles of good governance and integrate the
      konsisten dan mengintegrasikan pilar keberlanjutan Perseroan                       Company sustainability pillars into all operational processes.
      pada seluruh proses operasional. Untuk memaksimalkan                               To maximize the achievement of sustainability targets, the
      pencapaian target-target keberlanjutan, Perseroan telah                            Company retains and operates a work system that involves
      memiliki dan menjalankan sebuah sistem kerja yang melibatkan                       various parties from top management level to executing work
      berbagai pihak mulai dari tingkatan manajemen puncak hingga                        units within the Company and its Business Unit. This work
      unit kerja pelaksana di lingkup Perseroan dan Unit Usaha.                          system aims to manage Corporate Sustainability practices
      Sistem kerja ini bertujuan untuk mengelola praktik Corporate                       comprehensively so that the Company can extend positive
      Sustainability secara komprehensif sehingga Perseroan dapat                        contributions to stakeholders.
      memberikan kontribusi positif bagi para pemangku kepentingan.


      Sebagaimana diatur dalam UU no. 40 tahun 2007 tentang                              As regulated in Law no. 40 of year 2007 concerning Limited
      Perseroan Terbatas, Direksi berperan sebagai organ utama                           Liability Companies, the Board of Directors acts as the main
      Perseroan yang bertanggung jawab penuh atas pelaksanaan                            organ of the Company fully responsible for implementing the
      strategi keberlanjutan yang dijalankan oleh masing-masing                          sustainability strategy carried out by each the Company business
      lini usaha Perseroan. Sementara itu, Dewan Komisaris dibantu                       line. Meanwhile, the Board of Commissioners, assisted by the
      oleh Komite Audit melaksanakan fungsi pengawasan secara                            Audit Committee, carries out an overall supervisory function
      menyeluruh atas pengelolaan Perseroan yang termasuk terkait                        over the management of the Company, including the Board of
      komitmen Direksi terhadap Pilar Keberlanjutan.                                     Directors’ commitment to Sustainability Pillars.


      Berikut ini adalah struktur tata kelola keberlanjutan Perseroan                    Following is the Company’s sustainability governance structure
      yang berlaku hingga akhir periode pelaporan 2023:                                  in effect until the end of the 2023 reporting period:

                                                            Dewan Komisaris                               Komite Audit
                                                          Board of Commissioners                         Audit Committe



                                                                 Direksi
                                                            Board of Directors




                                Induk Perusahan                                                         Anak Perusahaan
                                    Holding                                                               Subsidiaries



                        Financial Sustainable                                                       Direksi Anak Perusahaan
                        • Corporate Strategy                                                     Board of Directors of Subsidiaries
                          Management
                        • Corporate Business
                          Development
                        • Corporate Finance &                               Financial Sustainable                        It’s About the People
                        • Acounting                                         • Business Development                       • Human Capital
                                                                            • Project Management                         • CSR
                                                                            • Operations                                 • Procurement/General Affairs
                        Green Through & Through                             • Finance & Accounting                       • Customer Relations
                        • Corporate Affairs

                        It’s About the People
                        • Corporate Human Capital
                        • Corporate Affairs


                        Adopting Best Practices &                           Green Through & Through                      Adopting Best Practices &
                        Compilance                                          • Business Development                       Compilance
                        • Corporate Risk Management                         • Project Management                         • Risk Management
                        • Corporate Internal Audit                          • Operations                                 • Corporate Secertary
                        • Corporate Legal                                                                                • Internal Audit
                        • Corporate Secertary                                                                            • Legal




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Analisis dan Pembahasan Manajemen              Laporan Tata Kelola Perusahaan    Tanggung Jawab Sosial Perusahaan Terintegrasi/Laporan Keberlanjutan
Management Discussion and Analysis              Corporate Governance Report          Integrated Corporate Social Responsibility/Sustainability Report




Selain didukung oleh kecukupan governance structure sesuai               Aside from the support of adequate governance structure in
dengan bagan di atas, Perseroan juga memiliki serangkaian                accordance with the chart above, the Company also retains a
kebijakan, sistem, dan prosedur tertulis yang memadai untuk              series of adequate written policies, systems and procedures to
mendukung kelancaran proses operasional. Informasi lengkap               support smooth operational processes. Complete information
terkait komposisi tata kelola tertinggi dan komite-komite, serta         regarding the composition of the highest governance and
evaluasi kinerja organ tertinggi Perseroan telah disajikan pada          committees as well as evaluation of the performance of the
Bab Tata Kelola Perusahaan, dalam Laporan Tahunan 2023.                  Company’s highest organs is presented in the Corporate
                                                                         Governance Chapter of this 2023 Annual Report.


PENGEMBANGAN KOMPETENSI TERKAIT                                          COMPETENCY DEVELOPMENT RELATED TO
KEUANGAN BERKELANJUTAN TAHUN 2023                                        SUSTAINABLE FINANCE IN 2023

Selama tahun 2023, Perseroan telah mengikutsertakan sejumlah             In the year 2023, the Company included a number of employees
karyawan atau pejabat eksekutif untuk berpartisipasi mengikuti           or executive officers to participate in various training activities/
berbagai kegiatan pelatihan/seminar/workshop dengan topik                seminars/workshops on topics related to ESG-based business
terkait pengelolaan bisnis berbasis ESG, antara lain:                    management, including the following:

                 Nama Pelatihan                                  Penyelenggara                           Tanggal Pelaksanaan
                 Name of Training                                  Organizer                            Date of Implementation
 Etika dalam Bisnis, Ekonomi dan Lingkungan            Bursa Efek Indonesia (BEI)             10 Juni 2023
 Ethics in Business, Economy and Environment           Indonesia Stock Exchange (IDX)         10 June 2023


PENILAIAN RISIKO KEBERLANJUTAN YANG                                      SUSTAINABILITY RISK ASSESSMENT
TERINTEGRASI DENGAN ASPEK ESG                                            INTEGRATED TO THE ESG ASPECTS

Informasi mengenai daftar profil risiko lengkap yang juga                Information regarding the complete risk profile list which
mencakup risiko kegiatan usaha dan risiko pasar, serta risiko            also includes business activity risks and market risks, as well
operasional telah diungkapkan pada Bab Tata Kelola Perusahaan            as operational risks is disclosed in the Corporate Governance
dalam Laporan Tahunan 2023.                                              Chapter of this 2023 Annual Report.


KETERLIBATAN PEMANGKU KEPENTINGAN                                        STAKEHOLDERS INVOLVEMENT

Setelah melalui proses diskusi internal yang mandalam antara             After through an in-depth internal discussion process between
manajemen dan unit-unit kerja, Perseroan berhasil melakukan              the management and work units, the Company managed to
identifikasi terhadap kelompok pemangku kepentingan utama                identify the main stakeholder groups with close connections to
yang memiliki kaitan erat dengan Perseroan berdasarkan                   the Company based on reciprocal relationships that influence
hubungan timbal balik yang saling mempengaruhi serta bersifat            each other and are active as well as responsive between these
aktif dan responsif di antara kelompok-kelompok tersebut                 groups and the Company.
dengan Perseroan.


Berikut ini adalah daftar kelompok pemangku kepentingan yang             The following is a list of stakeholder groups, based on the weight
berdasarkan bobot pengaruh dan intensitas pelibatannya cukup             of influence and intensity of involvement, with significant impact
signifikan memengaruhi setiap proses bisnis Perseroan:                   on each of the Company’s business processes:




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            Kilas Kinerja                   Profil Perusahaan                     Laporan Manajemen                    Unit Pendukung Bisnis
       Performance Highlights                Corporate Profile                    Management Report                     Business Support Unit




            Daftar Pemangku Kepentingan                                                Metode Pelibatan
                  List of Stakeholders                                                Engagement Methods
       Karyawan                                     Rapat Karyawan, Rapat Antar-Departemen, Corporate Update melalui sarana
       Employee                                     komunikasi digital
                                                    Employee Meetings, Inter-Departmental Meetings, Corporate Updates via digital
                                                    communication means
       Investor/Pemegang Saham                      Public Expose, Rapat Umum Pemegang Saham, Korespondensi E-mail
       List of Stakeholders                         Public Expose, General Meeting of Shareholders, E-mail Correspondence
       Regulator                                    Korespondensi E-mail
                                                    E-mail Correspondence
       Mitra Bisnis                                 Korespondensi E-mail
       Business Partner                             E-mail Correspondence
       Komunitas/Asosiasi                           Aktif dalam Asosiasi sebagai Anggota atau Pengurus
       Community/Association                        Active in the Association as Member or Administrator
       Konsumen/Pelanggan                           Media Sosial, Korespondensi E-mail, Aktivitas Berbasis Komunitas
       Consumer/Customer                            Social Media, E-mail Correspondence, Community-Based Activities
       Masyarakat                                   Estate Management Complaint Center, Korespondensi E-mail
       Community                                    Estate Management Complaint Center, E-mail Correspondence



      KENDALA, TANTANGAN, DAN PELUANG                                       OBSTACLES, CHALLENGES AND
      KEBERLANJUTAN TAHUN 2023                                              OPPORTUNITIES OF SUSTAINABILITY
                                                                            IN 2023

      Perseroan menyadari bahwa dalam proses penerapan model                The Company realizes that the process of implementing an ESG-
      bisnis berbasis ESG yang berlandaskan pada Pilar Keberlanjutan        based business model based on Sustainability Pillars in business
      dalam operasional bisnis bukanlah suatu hal yang mudah. Dalam         operations is not simple. In its journey, the Company often
      perjalanannya, Perseroan kerap menemukan beberapa kendala,            encounters several obstacles, challenges and opportunities,
      tantangan dan peluang, seperti mencari mitra yang sudah               such as in searching for partners who are already in operation
      memiliki operasional dengan standar ESG.                              with ESG standards.




      Kinerja Keberlanjutan
      Sustainability Performance

      KEGIATAN MEMBANGUN BUDAYA                                             ACTIVITIES IN DEVELOPING
      KEBERLANJUTAN                                                         SUSTAINABILITY CULTURE

      Perseroan menjadikan budaya keberlanjutan sebagai bagian              The Company creates a culture of sustainability as part of
      dari etos kerja karyawan. Komitmen Perseroan terhadap                 its employees’ work ethics. The Company’s commitment to
      pengintegrasian aspek-aspek ESG dalam setiap aktivitas bisnis         integrating ESG aspects into every business activity is carried
      diwujudnyatakan melalui pelaksanaan sejumlah inisiatif kegiatan       out through the implementation of a number of activity initiatives
      yang bertujuan membangun budaya keberlanjutan di internal             with the purpose of building a culture of sustainability within
      organisasi.                                                           the organization.


      Untuk itu, Perseroan sudah secara bertahap melakukan                  Based on this, the Company has gradually made adjustments
      penyesuaian terhadap kebijakan-kebijakan internal yang ada            to existing internal policies to start focusing on sustainable
      agar mulai berfokus pada sustainable operation sebagaimana            operations as directed by the regulators for the private sector.
      yang diarahkan regulator kepada sektor private. Perseroan             The Company continuously socializes internal policies and the
      mensosialisasikan kebijakan internal dan landasan Pilar               foundation of the Sustainability Pillars to all employees.
      Keberlanjutan secara kontinu kepada seluruh karyawan.




214    Bakrieland Laporan Tahunan 2023
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Analisis dan Pembahasan Manajemen            Laporan Tata Kelola Perusahaan    Tanggung Jawab Sosial Perusahaan Terintegrasi/Laporan Keberlanjutan
Management Discussion and Analysis            Corporate Governance Report          Integrated Corporate Social Responsibility/Sustainability Report




Disamping itu, Perseroan juga terus membekali seluruh karyawan         Furthermore, the Company also continues to provide all
dengan berbagai jenis pelatihan ataupun seminar terkait ESG serta      employees with various types of training or seminars related
menginisiasi kegiatan yang mengusung konsep keberlanjutan              to ESG and initiates activities that promote the concept of
dalam berbagai bidang yang berdampak signifikan terhadap               sustainability in various fields with significant impact on the
Perseroan. Sejalan dengan terus meningkatnya wawasan serta             Company. As the employees insight and knowledge regarding
pengetahuan karyawan akan pengembangan model bisnis                    the development of ESG-based business models continuously
berbasis ESG, Perseroan berharap masing-masing karyawan                increase, the Company hopes that each employee has the
memiliki kesadaran dan kemampuan untuk dapat melakukan                 awareness and ability to identify and assess the social and
identifikasi dan penilaian atas risiko-risiko sosial dan lingkungan    environmental risks inherent in the investment or operational
yang melekat dengan kegiatan investasi ataupun operasional             activities carried out.
yang dijalankan.


Dari sisi tingkat korporasi (corporate-wide), Perseroan turut          From a corporate-wide perspective, the Company also actualizes
mengaktualisasikan nilai-nilai keberlanjutan melalui Sustainability    sustainability values through the Sustainability Monitoring
Monitoring Sytem (SMS) yang dirancang sebagai suatu sistem             System (SMS), which is designed as a system to monitor the
untuk memantau penerapan keberlanjutan pada kegiatan                   implementation of sustainability in operational and marketing
operasional dan pemasaran guna memastikan terlaksananya                activities ensuring the implementation of sustainability.
keberlanjutan.


Sebagai pengembang properti yang bertanggung jawab dan                 As a responsible property developer who is highly concerned
memiliki kepedulian tinggi terhadap lingkungan, Perseroan sangat       with the environment, the Company understands that in every
memahami bahwa dalam setiap kegiatan operasional yang                  operational activity conducted there is an environmental footprint
dilakukan terdapat jejak lingkungan yang tidak dapat dihindari.        that is unavoidable. Therefore, since 2015, the Company has
Maka dari itu, sejak 2015, Perseroan telah menggalakkan program        been promoting the eco-footprint monitoring program in all
pemantauan eco-footprint di seluruh unit usaha yang mencakup           business units covering 3 (three) fields, such as energy, water
3 (tiga) bidang, yaitu energi, air, dan pengelolaan limbah.            and waste management.


Pada tahun 2023, Perseroan juga telah melakukan pengawasan             In 2023, the Company carried out supervision in all operational
di seluruh area operasional terkait pemakaian energi, air dan          areas regarding energy use, water use, and waste management.
pengelolaan limbah. Adapun hasil program ini kemudian dijadikan        The results of this program are then used as material for the
sebagai materi oleh manajemen untuk membuat kebijakan yang             management to create relevant and up-to-date policies so that
relevan dan terkini sehingga Perseroan dapat melakukan langkah-        the Company can take steps to better control emissions and
langkah pengendalian emisi dan efisiensi energi yang lebih baik        energy efficiency in every operational activity.
dalam setiap kegiatan operasional.


KINERJA EKONOMI                                                        ECONOMIC PERFORMANCE

Informasi mengenai kinerja ekonomi Perseroan telah diungkapkan         Information regarding the Company’s economic performance is
pada Bab Analisis dan Pembahasan Manajemen dalam Laporan               disclosed in the Management Discussion and Analysis Chapter
Tahunan 2023.                                                          of this 2023 Annual Report.


KINERJA LINGKUNGAN HIDUP                                               ENVIRONMENTAL PERFORMANCE

Dalam mengembangkan bisnis properti, Perseroan menaruh                 In developing the property business, the Company pays full
perhatian penuh terhadap isu lingkungan hidup. Hal ini                 attention to environmental issues. This is due to the Company’s
dikarenakan aktivitas operasional Perseroan memberikan                 operational activities with direct and indirect impacts on the
dampak terhadap lingkungan di area operasi baik secara langsung        environment in the operational areas. Realizing this, the Company
maupun tidak langsung. Menyadari hal ini, Perseroan senantiasa         always strives to optimize the management of environmental
berusaha mengoptimalkan pengelolaan kinerja lingkungan hidup           performance through the implementation of an effective
melalui penerapan sistem manajemen lingkungan yang efektif,            environmental management system, efficiency efforts in



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            Kilas Kinerja                     Profil Perusahaan                 Laporan Manajemen                    Unit Pendukung Bisnis
       Performance Highlights                  Corporate Profile                Management Report                     Business Support Unit




      upaya efisiensi pengelolaan dan emisi energi, serta memastikan      energy management and emissions, as well as ensuring correct
      manajemen limbah yang benar untuk mencegah terjadinya               waste management to prevent environmental pollution. With
      pencemaran lingkungan. Dengan kombinasi pengetahuan,                a combination of knowledge, executional skills, and dedicated
      keterampilan eksekusi, dan personel yang berdedikasi, Perseroan     personnel, the Company can carry out environment-related
      dapat menjalankan program-program terkait lingkungan hidup          programs that are focused on environmentally sound business
      yang difokuskan kepada praktik bisnis berwawasan lingkungan.        practices. The Company believes that the environment is one of
      Perseroan meyakini bahwa lingkungan hidup merupakan salah           the main factors that will play a major role in supporting business
      satu faktor utama yang berperan besar dalam menunjang               sustainability in the future.
      keberlangsungan usaha di masa depan.


      ASPEK LINGKUNGAN HIDUP                                              ENVIRONMENTAL ASPECTS
      KOMITMEN TERHADAP LINGKUNGAN                                        COMMITMENT TO THE ENVIRONMENT
      HIDUP




      Perseroan meyakini bahwa tanggung jawab terhadap lingkungan         The Company believes that responsibility towards the
      merupakan kunci penting dalam membangun keberlanjutan               environment is an important key to building long-term business
      bisnis pada jangka panjang. Langkah konkret Perseroan dalam         sustainability. The Company’s concrete steps in working on
      menggarap proyek-proyek pengembangan properti dengan cara-          property development projects in a responsible manner are
      cara yang bertanggung jawab tercermin dari pilar keberlanjutan      reflected in the Company sustainability pillar in the environmental
      Perseroan di bidang lingkungan, yaitu Hijau Secara Menyeluruh       sector, namely Green Through & Through, which among others
      (Green Through & Through), yang mencakup:                           are covers the following:


      Green Architecture                                                  Green Architecture
      Perseroan mengusung konsep ramah lingkungan pada setiap             The Company carries an environmentally friendly concept in
      produk properti yang diluncurkan dimana hal ini dijadikan sebagai   every property product launched, which is used as guidelines
      pedoman bagi Perseroan dalam mengembangkan master design            for the Company in developing the master design of an area or
      sebuah area atau produk. Prinsip Green Architecture, mencakup:      product. Green Architecture principle includes:
      1.   Green Area Design: Konsep pengembangan Ruang Terbuka           1.   Green Area Design: The concept of developing Green Open
           Hijau (RTH) yang bertujuan meningkatkan kualitas udara              Space (GOS) is intended to improve air quality and micro-
           dan kondisi iklim mikro serta sebagai peredam kebisingan,           climate conditions as well as noise reduction, wind barrier
           penahan angin, dan estetika,                                        and aesthetics,
      2.   Green Building and Construction: Komitmen Perseroan untuk      2.   Green Building and Construction: The Company’s commitment
           membangun bangunan yang ramah lingkungan dalam seluruh              to building environmentally friendly buildings throughout
           proses pembangunannya.                                              the construction process.


      Green Operation                                                     Green Operation
      Dengan semangat green operation, Perseroan memastikan               With the spirit of green operations, the Company ensures
      pelaksanaan seluruh kegiatan operasionalnya senantiasa              that the implementation of all operational activities is always
      berwawasan lingkungan hidup. Untuk itu, Perseroan secara            environmentally friendly. Therefore, the Company consistently
      konsisten menerapkan metode 3R dalam mengelola limbah,              applies the 3R method to managing waste, namely Reduce, Reuse
      yakni Reduce (pengurangan), Reuse (penggunaan kembali), dan         and Recycle.
      Recycle (daur ulang).




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Analisis dan Pembahasan Manajemen          Laporan Tata Kelola Perusahaan      Tanggung Jawab Sosial Perusahaan Terintegrasi/Laporan Keberlanjutan
Management Discussion and Analysis          Corporate Governance Report            Integrated Corporate Social Responsibility/Sustainability Report




Green Attitude                                                       Green Attitude
Perseroan mengajak dan melibatkan seluruh karyawan,                  The Company invites and involves all employees, visitors,
pengunjung, penghuni, penyewa, dan masyarakat sekitar untuk          residents, tenants and the surrounding community to actively
berpartisipasi secara aktif dalam berbagai program lingkungan        participate in various environmental programs initiated by the
hidup yang diinisiasi Perseroan, seperti aksi penanaman pohon,       Company, such as tree planting, community service to clean the
kerja bakti membersihkan lingkungan sekitar, program lingkungan      surrounding environment, environmental programs and other
serta program sosial rutin lainnya.                                  routine social programs.


Pada tahun 2023, upaya pengelolaan lingkungan hidup                  In 2023, the Company’s environmental management efforts will
yang dilakukan Perseroan berfokus pada program-program               be focused on existing sustainability programs.
keberlanjutan yang ada.


Penggunaan Material Ramah Lingkungan                                 Use of Environmentally Friendly Materials
Pengembangan properti ataupun penggarapan proyek-proyek              Property development or constructing new projects in the
baru di Perseroan terus diupayakan agar senantiasa mengadopsi        Company is continuously striving to always adopt environmentally
praktik ramah lingkungan dengan menjadikan kriteria hijau,           friendly practices by making green criteria, including
termasuk material ramah lingkungan, sebagai salah satu prasyarat     environmentally friendly materials as one of the preconditions
untuk design dan pelaksanaan proyek pembangunan properti.            for the design and implementation of property development
                                                                     projects.


Bakrie Tower sebagai salah satu produk perkantoran yang              Bakrie Tower is one of the office products which the Company
telah dikembangkan Perseroan bahkan dalam proses untuk               has developed and is even in the process of obtaining an
mendapatkan sertifikat bangunan ramah lingkungan dari pihak          environmentally friendly building certificate from the
ketiga yang independent Green Building Council Indonesia (GBCI).     independent third party Green Building Council Indonesia (GBCI).
Sertifikat yang didapat adalah kategori Gold.                        The certificate obtained is in the Gold category.


Pemanfaatan Energi Secara Optimal Untuk                              Optimal Utilization of Energy to Reduce
Mereduksi Emisi Energi                                               Energy Emission
Seluruh proyek properti Perseroan memerlukan energi listrik          All the Company property projects need electrical energy to
untuk mendukung operasional sehari-hari.                             support the daily operations.


Dengan mempertimbangkan kondisi Perseroan yang sampai                Taking into consideration the condition of the Company which
saat ini belum sepenuhnya menggunakan sumber energi                  as to date has yet to fully use renewable energy sources, the
terbarukan, maka Perseroan telah menerapkan langkah-langkah          Company has implemented effective and efficient energy-saving
penghematan energi secara efektif dan efisien yang bertujuan         measures aimed at reducing Green House Gas (GHG) emissions
untuk mengurangi emisi Gas Rumah Kaca (GRK) maupun emisi zat         and emissions of Ozone Depleting Substance (ODS) arising from
perusak ozon (Ozone Depleting Substance/”ODS”) yang timbul           operational activities, including the following:
dari kegiatan operasional, antara lain:
1.   Mengaplikasikan kebijakan hemat energi seperti menyalakan       1.     To implement energy-saving policies such as turning on lights
     lampu atau fasilitas penerangan hanya pada saat dibutuhkan,            or lighting facilities only when needed, as well as placing
     serta memasang poster himbauan hemat energi di area kantor             energy-saving posters in office areas and operational areas
     dan di wilayah operasi untuk meningkatkan kesadaran dan                to increase awareness and build environmentally friendly
     membangun kebiasaan ramah lingkungan kepada karyawan                   habits among employees and visiting guests;
     ataupun para tamu yang berkunjung;
2.   Menggunakan peralatan elektronik atau peralatan listrik         2.     To use energy-saving electronic equipment or electrical
     yang hemat energi;                                                     equipment;
3.   Menerapkan kontrol cermat bagi kendaraan operasional            3.     To implement careful controls for operational vehicles to
     untuk menghemat bahan bakar;                                           save fuel;
4.   Menerapkan penggunaan gas yang efektif dan tepat guna.          4.     To implement effective and appropriate use of gas.




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            Kilas Kinerja                                Profil Perusahaan                           Laporan Manajemen                    Unit Pendukung Bisnis
       Performance Highlights                             Corporate Profile                          Management Report                     Business Support Unit




      Untuk memantau tingkat konsumsi energi dan keberhasilan                                  To monitor the level of energy consumption and the success
      inisiatif penghematan energi, Perseroan telah melakukan                                  of energy-saving initiatives, the Company calculated electricity
      perhitungan konsumsi energi listrik dan energi lainnya di masing-                        and other energy consumption in each project and calculated
      masing proyek dan dihitung secara akumulasi selama 1 (satu)                              in accumulation over 1 (one) year. The following is energy
      tahun. Berikut ini adalah data konsumsi energi di Perseroan                              consumption data in the Company for the last 3 (three) years:
      selama 3 (tiga) tahun terakhir:


                                                           Total Konsumsi                          Faktor Konversi                 Emisi CO2 Dihasilkan
          Sumber
                                                          Total Consumption                           Karbon*                     Produced CO2 Emission
          Energi             Satuan
                                                                                                       Carbon
          Energy              Unit
                                                                                                     Conversion
           Source                               2023               2022              2021                                  2023           2022            2021
                                                                                                       Factor*
       Listrik              kWh              59.607.715        51.531.626         36.475.935            0.44548          26.554.045    22.956.309     16.249.300
       Electricity
       Bensin               Liter                 24.337            24.066                14.295         2.2144             53.891         53.292         31.655
       Fuel
       Solar                Liter                 26.150            24.097                21.523         2.6008             68.012         62.671         55.977
       Diesel
       Gas                  kWh                     4.932             4.257                5.461        0.18404                908            784           1.005
                                                                     Total Emisi Karbon Dihasilkan (Kg CO2 eq)           26,676,856    23.073.056     16.337.937
                                                                        Total Produced Co2 Emission (Kg CO2 eq)
       *) Faktor konversi karbon menggunakan standar konversi CarbonTrust UK edisi 2013
       *) Carbon conversion factor is based on Carbon Trust UK 2013 edition




      Pada tahun 2023, pemakaian sumber energi listrik tetap yang                              In 2023, the use of electricity energy sources remained the
      terbesar dalam penggunaan energi yang disebabkan oleh                                    largest in energy use due to increasing number of visitors and
      meningkatkan jumlah pengunjung dan tamu di produk-produk                                 guests in the Company’s recurring income products. Meanwhile,
      pendapatan berulang Perseroan. Sementara di urutan kedua,                                in the second place, diesel usage reached 26,150 liters to support
      penggunaan solar mencapai 26.150 liter yang konsumsinya                                  operations, while gasoline usage for operational vehicles and for
      ditujukan untuk mendukung operasional, sedangkan pemakaian                               sales purposes reached 24,337 liters by the end of the year 2023.
      bensin untuk kendaraan operasional dan keperluan sales tercatat
      sebesar 24.337 liter di akhir 2023.


      Dari total penggunaan energi selama 2023, estimasi emisi CO2                             From the total energy usage during 2023, the estimated CO2
      yang dihasilkan oleh Perseroan adalah sebesar 26.676.856 Kg                              emission produced by the Company was noted at 26,676,856 Kg
      CO2eq atau mengalami peningkatan sebesar 15,61% dari tahun                               CO2eq or an increase of 15.61% from the 23,073,056 Kg CO2eq
      sebelumnya yang menghasilkan 23.073.056 Kg CO2eq.                                        produced in the previous year.


      Efisiensi Air                                                                            Water Efficiency
      Penggunaan air menjadi suatu kebutuhan utama yang tidak                                  Water consumption is a major necessity that cannot be avoided
      terhindarkan dalam kegiatan operasional sehari-hari. Perseroan                           in daily operational activities. The Company obtains clean water
      memperoleh air bersih dari 3 (tiga) sumber utama untuk                                   from 3 (three) main sources to meet the operational needs of
      memenuhi kebutuhan operasional unit usaha, warga sekitar,                                business units, local residents, visitors and tenants, including
      pengunjung, hingga penyewa, antara lain Air Kelolaan Pihak Ketiga                        Third Party-Managed Water supplied by the Regional Drinking
      yang dipasok oleh Perusahaan Daerah Air Minum (PDAM), Air                                Water Company (PDAM), WWTP Processed Water (Wastewater
      Olahan WWTP (Wastewater Treatment Plant) dan STP (Sewage                                 Treatment Plant) and STP (Sewage Treatment Plant), as well as
      Treatment Plant), serta air dari fasilitas penampungan air hujan.                        water from rainwater storage facilities.


      Dalam keseharian operasionalnya, Perseroan berkomitmen untuk                             For its daily operations, the Company is committed to consistently
      konsisten menerapkan berbagai inisiatif penggunaan air yang                              implementing various effective water-use initiatives, such as
      efektif, seperti melakukan pengecekan secara berkala terhadap                            regularly checking the condition of taps, showers, toilets and
      kondisi keran, shower, toilet, dan meteran air sehingga apabila                          water meters so that if damage or leaks are found in pipes, they
      ditemukan adanya kerusakan atau kebocoran pada pipa dapat                                can be repaired immediately.
      segera diperbaiki.


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Analisis dan Pembahasan Manajemen           Laporan Tata Kelola Perusahaan     Tanggung Jawab Sosial Perusahaan Terintegrasi/Laporan Keberlanjutan
Management Discussion and Analysis           Corporate Governance Report           Integrated Corporate Social Responsibility/Sustainability Report




Selama 3 (tiga) tahun, tren konsumsi air tetap mengalami              For 3 (three) years, the trend of water consumption has
peningkatan akibat dari meningkatnya jumlah pengunjung dan            continuously increased due to the increasing numbers of visitors
tamu di produk-produk recurring income Perseroan.                     and guests in the Company’s recurring income products.


                                                                 Volume Konsumsi Air (Liter)
                                                              Volume of Water Consumption (Liter)

       Sumber Air                            Persentase                           Persentase                              Persentase
     Source of Water                          Kenaikan/                            Kenaikan/                               Kenaikan/
                               2023           Penurunan            2022            Penurunan              2021             Penurunan
                                            Percentage of                        Percentage of                           Percentage of
                                          Increase/Decrease                    Increase/Decrease                       Increase/Decrease
 Air Kelolaan Pihak         311.841.400        33,87%           232.947.300          41,20%            164.972.500            0,64%
 Ketiga
 Third Party Water
 Utility Company
 Air Olahan WWTP dan         15.374.400        304,8%              3.789.000         31,56%              2.887.000          (2,20%)
 STP
 Recycled Water from
 WWTP and STP
 Air dari Fasilitas         144.094.200           2,7%          140.307.820           3,96%            134.961.491         (11,19%)
 Penampungan Air
 Hujan
 Water from Rain Water
 Storage Facility
 Jumlah                    471.310.000            25%           377.053.120          24,51%            302.820.991          (5,02%)
 Total


Selain menanamkan budaya bijak menggunakan air bersih kepada          Apart from instilling a culture of wise-use of clean water among
karyawan, Perseroan juga menerapkan sistem pengelolaan                employees, the Company also implements a sustainable water
air yang berkelanjutan melalui implementasi sistem STP.               management system through the implementation of the STP
Dengan sistem ini, Perseroan memastikan bahwa limbah                  system. With this system, the Company ensures that liquid
cair yang dihasilkan dari aktivitas operasional telah melalui         waste generated from operational activities is passed through
proses pengolahan dan penyaringan yang ketat sehingga                 a strict filtering process so that it meets the water quality
memenuhi standar kualitas air yang ditetapkan dalam Peraturan         standards stipulated in the Minister of Environment and Forestry
Menteri Lingkungan Hidup dan Kehutanan (Permen LHK)                   Regulation (Permen LHK) No. 68 of year 2016. Thus, liquid waste
No. 68 tahun 2016. Dengan begitu, limbah cair yang disalurkan         channeled into city water sewage is guaranteed not to pollute
ke saluran pembuangan air kota dipastikan tidak mencemari             the surrounding environment and is safe for public health.
lingkungan sekitar dan aman bagi kesehatan masyarakat.


Perseroan juga melakukan monitoring ketat atas penggunaan             The Company also carries out strict monitoring of water use
air dan memaksimalkan inisiatif daur ulang air guna memenuhi          and maximizes water recycling initiatives to meet the need
kebutuhan air bersih untuk kegiatan operasional dan melakukan         for clean water for operational activities and carries out water
program konservasi air. Program ini bertujuan agar Perseroan          conservation programs. This program aims to ensure that the
mengonsumsi air secara bertanggung jawab. Penerapan program           Company consumes water responsibly. The implementation
ini diwujudkan dalam 3 (tiga) bentuk kegiatan, yaitu pengolahan       of this program is realized in 3 (three) forms of activities,
air limbah domestik dengan sistem biofilter anaerob-aerob             namely domestic wastewater treatment with an anaerobic-
(gray wastewater treatment), pengolahan limbah hitam (black           aerobic biofilter system (gray wastewater treatment), black
wastewater treatment) dengan menggunakan septic tank biologi,         wastewater treatment using a biological septic tank, and water
serta konservasi air dengan membuat lubang biopori, kolam             conservation by making biopore holes, absorption ponds, and
resapan, dan revitalisasi kanal seperti yang sudah dilakukan di       canal revitalization as implemented in the Rasuna Epicentrum
kawasan Rasuna Epicentrum untuk sungai Cideng.                        area for the Cideng river.




                                                                                                         2023 Annual Report Bakrieland           219
Page 222
            Kilas Kinerja                    Profil Perusahaan                 Laporan Manajemen                   Unit Pendukung Bisnis
       Performance Highlights                 Corporate Profile                Management Report                    Business Support Unit




      Pelestarian Keanekaragaman Hayati                                  Biodiversivity Preservation
      Langkah konservasi alam dan pemeliharaan keanekaragaman            Nature conservation measures and maintaining biodiversity are
      hayati menjadi bagian penting dari komitmen Perseroan              important parts of the Company’s commitment to maintaining
      untuk menjaga ekosistem lingkungan hidup di setiap area            the environmental ecosystem in each operational area so
      operasional agar tetap terjaga dengan baik. Perseroan menilai      that it remains well maintained. The Company considers this
      keanekaragaman hayati yang terpelihara dengan baik merupakan       well-maintained biodiversity as a invaluable legacy for future
      warisan yang tidak ternilai bagi generasi mendatang. Upaya         generations. Environmental preservation efforts are also believed
      pelestarian lingkungan hidup juga diyakini menambah nilai bisnis   to increase business value by integrating such efforts into the
      dengan mengintegrasikannya ke dalam cara Perseroan berbisnis.      Company’s way of doing business.


      Flora                                                              Flora
      Perseroan berkomitmen untuk menjaga lingkungan operasional         The Company is committed to keep the operational environment
      Unit Usaha tetap hijau dan asri. Untuk mewujudkan hal ini,         of its Business Units green and beautiful. To make this happen,
      Perseroan memiliki tempat pembibitan (nursery) yang digunakan      the Company set up a nursery used for plant care, increased
      untuk melakukan perawatan tanaman, memperbanyak jenis serta        the types and varieties of plants needed for replanting dead
      varietas tanaman yang dibutuhkan untuk penyulaman tanaman          plants, and prepared plants for parks, mini gardens and vegetation
      mati, hingga penyiapan tanaman untuk taman, mini garden, dan       maintenance programs in Green Open Spaces (RTH) at each
      program maintenance vegetasi di Ruang Terbuka Hijau (RTH)          Company property project.
      pada setiap proyek properti Perseroan.


      Pada tahun 2023, Perseroan telah merealisasikan Rp557.448.000      In 2023, the Company actualized Rp557,448,000 managing all
      untuk mengelola seluruh tempat pembibitan.                         nurseries.


      Fauna                                                              Fauna
      Sebagai wujud komitmen perusahaan dalam upaya konservasi           As a form of the company’s commitment to conservation of
      keanekaragaman hayati terkait fauna, Perseroan memelihara          biodiversity related to fauna, the Company kept a number of
      sejumlah satwa di sekitar area properti seperti spesies ikan,      animals around the property area such as species of fish, birds
      burung, dan mamalia seperti rusa. Semua kegiatan pemeliharaan      and mammals such as deer. All these fauna related activities
      fauna tersebut dilakukan sesuai peraturan yang berlaku. Sejumlah   are carried out in accordance with applicable regulations. A
      Unit Usaha juga turut melestarikan habitat fauna, antara lain      number of Business Units also participate in preserving fauna
      Bogor Nirwana Residence (BNR) memelihara habitat alami Rusa        habitat, including Bogor Nirwana Residence (BNR) with keeping
      Tutul dengan menghadirkan RTH yang luas dan penangkaran rusa.      the natural habitat of Spotted Deers by providing a large green
                                                                         open space and a deer nursery.


      Selain itu, Perseroan juga mengintegrasikan lingkungan dan         Apart from that, the Company also integrates the environment
      bisnis melalui konsep ecoeducation sebagai daya tarik utama bagi   and business through the concept of eco-education as the main
      produk taman rekreasi, seperti Rivera Outbound & Edutainment.      attraction for recreational park products, such as Rivera Outbound
      Strategi ini diterapkan untuk memenuhi kebutuhan keluarga yang     & Edutainment. This strategy is implemented to meet the needs
      dewasa ini menjadikan edukasi lingkungan sebagai bagian dari       of families who nowadays make environmental education a part
      pengajaran terhadap anak.                                          of teaching habits to their children.


      Pengelolaan Limbah                                                 Waste Management
      Sebagai perusahaan yang bergerak di bidang properti, Perseroan     As a company operating in the property sector, the Company
      menghasilkan 2 (dua) jenis limbah dari kegiatan operasional        produces 2 (two) types of waste from its daily operational
      sehari-hari, yaitu limbah padat dan limbah cair. Dalam mengelola   activities, namely solid waste and liquid waste. In managing solid
      limbah padat, Perseroan telah melakukan upaya penanganan yang      waste, the Company carries out appropriate handling efforts
      tepat sesuai dengan jenis dan karakteristik dari masing-masing     according to the type and characteristics of each waste. The
      limbah. Perseroan juga mengelola limbah cair atau efluen dengan    Company also manages liquid waste or effluent by optimizing
      mengoptimalkan pemanfaatan sistem STP.                             the use of the STP system.




220    Bakrieland Laporan Tahunan 2023
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Analisis dan Pembahasan Manajemen         Laporan Tata Kelola Perusahaan       Tanggung Jawab Sosial Perusahaan Terintegrasi/Laporan Keberlanjutan
Management Discussion and Analysis         Corporate Governance Report             Integrated Corporate Social Responsibility/Sustainability Report




Agar penerapan manajemen limbah dapat berjalan optimal,             So that the implementation of waste management can run
Perseroan melakukan sosialisasi dan membangun kebiasaan para        optimally, the Company carries out outreach and builds the
penghuni properti agar mereka turut mengelola sampah secara         habits of property residents so that they participate in managing
bijak dengan menerapkan metode 3R. Disamping itu, Perseroan         waste wisely by implementing the 3R method. Apart from that,
juga bermitra dengan institusi yang secara konsisten menerapkan     the Company also partners with institutions that consistently
kebijakan 3R.                                                       implement the 3R policy.


Sejalan dengan inisiatif pengelolaan sampah dengan metode           In line with the waste management initiative using the 3R
3R, Perseroan memilah sampah-sampahnya menjadi 4 (empat)            method, the Company sorts its waste into 4 (four) categories,
kategori, yaitu sampah umum (general waste), sampah kertas          namely general waste, paper waste, plastic waste and metal
(paper waste), sampah plastik (plastic waste), dan sampah logam     waste. It is hoped that the results of processing all waste will
(metal waste). Hasil dari pengolahan seluruh sampah tersebut        provide economic benefits for the Company and the surrounding
diharapkan dapat memberikan manfaat ekonomi bagi Perseroan          community, such as compost fertilizer and recycled plastic and
dan juga masyarakat sekitar, seperti pupuk kompos maupun            metal waste.
sampah plastik dan logam yang didaur ulang.


Aktivitas pemilahan sampah dilakukan Perseroan dengan               The Company carries out waste sorting activities by collaborating
menggandeng rekanan yang sudah biasa bekerja sama, antara lain      with partners who are accustomed to working together, including
Karang Taruna Mulyaharja di kawasan Bogor Nirwana Residence         Karang Taruna Mulyaharja in the Bogor Nirwana Residence area
dan Provices Indonesia yang mengelola mal di kawasan Rasuna         and Provices Indonesia which manages the mall in the Rasuna
Epicentrum bekerja sama dengan Bank Sampah yang berada di           Epicentrum area in collaboration with the Waste Bank located
sekitar kawasan.                                                    in the vicinity.


Setelah menerapkan berbagai inisiatif pengelolaan limbah secara     After implementing various waste management initiatives
konsisten pada seluruh proses operasional, Perseroan berhasil       consistently in all operational processes, the Company succeeded
mencatatkan pengurangan timbulan limbah padat ditahun 2023          in recording a reduction in generated solid waste in the year
dengan dokumentasi sebagai berikut:                                 2023 as documented below:

               Uraian                       Satuan
                                                                      2023                        2021                       2021
             Description                     Unit
 Total Limbah Padat yang Dihasillkan          Kg                     699.944                     711.035                   253.858
 Total Solid Waste Produced


Pada tahun 2023, Perseroan mencatat timbulan limbah padat           In 2023, the Company generated solid waste of 699,944 kg,
sebanyak 699.944 kg, relatif tidak berbeda jauh dari tahun          relatively similar to the 711,035 kg produced in the previous year.
sebelumnya sebesar 711.035 kg.


Sepanjang tahun 2023, Perseroan tidak menghasilkan limbah           Throughout 2023, the Company did not produce hazardous waste
berbahaya dan tidak terdapat tumpahan yang terjadi di area          and no spills of waste occurred at the Company project areas
proyek Perseroan akibat kegiatan operasional Perseroan.             due to the Company’s operational activities.




                                                                                                           2023 Annual Report Bakrieland         221
Page 224
            Kilas Kinerja                     Profil Perusahaan                   Laporan Manajemen                   Unit Pendukung Bisnis
       Performance Highlights                  Corporate Profile                  Management Report                    Business Support Unit




      Kriteria Lingkungan Dalam Kebijakan                                  Environmental Criteria in the Policy on
      Seleksi dan Evaluasi Pemasok                                         Selection and Evaluation of Suppliers
      Perseroan dan seluruh unit usaha memiliki paramater penilaian        The Company and all business units have environmental criteria
      kriteria lingkungan dalam proses seleksi dan pemilihan pemasok.      assessment parameters in the supplier selection process. In
      Dalam menentukan pemasok, Perseroan menilai implementasi             choosing the suppliers, the Company assesses the implementation
      sistem manajemen lingkungan yang dijalankan pemasok, baik            of the suppliers’ environmental management system, whether
      yang mengacu pada standar nasional ataupun internasional.            referring to national or international standards. In addition, every
      Selain itu, setiap pemasok yang bekerja atas nama ataupun di         supplier who works on behalf of or in the Company’s operational
      area operasional Perseroan wajib mengikuti standar operasional       area is required to follow standard operational procedures
      prosedur terkait pengelolaan lingkungan hidup mencakup               related to environmental management, including monitoring
      monitoring kinerja lingkungan seperti energi, air, dan pengelolaan   environmental conditions such as energy, water and waste
      limbah yang berlaku di setiap unit usaha Perseroan.                  management that apply to each of the Company’s business units.


      Sampai dengan akhir tahun 2023, Perseroan memiliki sebanyak          By the end of 2023, the Company retains 642 suppliers, with more
      642 pemasok, dengan lebih dari 88% adalah pemasok yang sudah         than 88% being suppliers who implement national or international
      menerapkan standar manajemen lingkungan nasional ataupun             environmental management standards.
      internasional.


      Mekanisme Pengaduan Masalah Lingkungan                               Complaint Mechanism on
                                                                           Environmental Issues
      Masyarakat dapat menyampaikan keluhan atau pengaduan terkait         The public can file complaints or grievances regarding
      permasalahan lingkungan hidup yang terjadi di area properti          environmental issues/problems that occur in the Company’s
      Perseroan melalui kantor Estate Management yang terdapat             property areas through the Estate Management office located
      pada setiap kawasan.                                                 in each area.


      Pada tahun 2023, tidak ada pengaduan resmi terkait aktivitas         In 2023, there were no official complaints regarding business
      bisnis ataupun denda yang harus dikeluarkan Perseroan terhadap       activities or fines that must be issued by the Company for
      kerusakan lingkungan.                                                environmental damage.


      Biaya Lingkungan Hidup Tahun 2023                                    Environmental Expenses in 2023
      Dalam menerapkan pilar Hijau Secara Menyeluruh (Green                In implementing the Green Through & Through pillar, the
      Through & Through), Perseroan memerlukan sejumlah biaya              Company spending is alloted for energy management, water,
      untuk manajemen energi, air, pengelolaan limbah, perawatan           waste management, water source maintenance such as rainwater
      sumber air seperti penampungan air hujan, STP dan WWTP, serta        storage, STP and WWTP, as well as reforestation and plant
      biaya penghijauan.                                                   maintenance costs.


                         2023 (Rp)                                    2022 (Rp)                                    2021 (Rp)
                       50.185.279.890                              39.401.869.414                               31.318.214.273




222    Bakrieland Laporan Tahunan 2023
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Analisis dan Pembahasan Manajemen          Laporan Tata Kelola Perusahaan    Tanggung Jawab Sosial Perusahaan Terintegrasi/Laporan Keberlanjutan
Management Discussion and Analysis          Corporate Governance Report          Integrated Corporate Social Responsibility/Sustainability Report




KINERJA SOSIAL                                                       SOCIAL PERFORMANCE

Perseroan berkomitmen untuk menyukseskan pencapaian SDGs             The Company is committed to succeed in achieving the SDGs
yang sejalan dengan pilar keberlanjutan Perseroan terutama di        in line with Bakrieland’s sustainability pillars, especially in
bidang pengembangan masyarakat, yaitu “It’s about the People”.       the field of community development, namely “It’s About the
Melalui pilar ini, Perseroan dan seluruh Unit Usaha memberikan       People”. Through this pillar, the Company and all Business
kontribusi yang berkelanjutan terhadap masyarakat sekitar di         Units provide sustainable contributions to the surrounding
wilayah operasional dengan menjalankan berbagai program              communities in operational areas by carrying out various
community development yang berfokus pada 3 (tiga) area utama         community development programs that focus on 3 (three) main
yaitu pendidikan, lingkungan, dan sosial kemasyarakatan.             areas, such as education, environment and social community.


Saat berinteraksi dengan masyarakat, Perseroan juga selalu           When interacting with the community, the Company is always
berlandaskan pada prinsip Trimatra Bakrie. Prinsip filosofis         based on the Trimatra Bakrie principles. This philosophical
ini memiliki semangat KeIndonesiaan, Kemanfaatan, dan                principle with the spirit of Being Indonesian, Beneficence
Kebersamaan yang tentu saja menjadi cerminan dari 3 (tiga)           and Togetherness which is surely a reflection of the 3 (three)
pokok kehidupan, yaitu spiritual, intelektual, dan emosional.        substances of life, namely spiritual, intellectual, and emotional.


Perseroan memberikan fleksibilitas kepada Unit-Unit Usaha            The Company shows flexibility to Business Units to design,
untuk merancang, merumuskan, dan menerapkan program yang             formulate and implement relevant programs according to
relevan sesuai wilayah operasional dan kegiatan usaha masing-        their respective operational areas and business activities. In
masing. Dalam hal pemberdayaan ekonomi, Perseroan turut              terms of economic empowerment, the Company also involves
melibatkan pemasok lokal untuk memperkuat perekonomian               local suppliers to strengthen the economy of the surrounding
masyarakat sekitar. Dengan kerja sama ini, masyarakat                community. With this cooperation, it is hoped that the
diharapkan dapat menerima manfaat positif atas peningkatan           community will receive positive benefits from improving the
ekonomi dan kesejahteraan.                                           economy and welfare.


Komitmen untuk Memberikan Layanan                                    Commitment to Provide Suitable Services
yang Setara kepada Pelanggan                                         to the Customers
Strategi Perseroan untuk mempertahankan keberlangsungan              One of the Company’s strategies for maintaining long-term
bisnis jangka panjang salah satunya diterapkan dengan                business continuity is to build healthy and harmonious
membangun hubungan yang sehat dan harmonis dengan                    relationships with all customers considering their significant
seluruh pelanggan mengingat peran signifikan mereka dalam            role in supporting the company’s progress. Therefore, the
mendukung kemajuan perusahaan. Karena itu, Perseroan                 Company is committed to providing the best service to all
berkomitmen untuk memberikan pelayanan yang terbaik kepada           customers, without exception. Especially for customers with
seluruh pelanggan, tanpa terkecuali. Khusus bagi pelanggan           special needs, the Company even provides special facilities in
berkebutuhan khusus, Perseroan bahkan telah menyediakan              all property areas, such as facilities for people with disabilities
fasilitas-fasilitas istimewa di semua kawasan properti, seperti      and the elderly.
fasilitas bagi penyandang disabilitas dan lanjut usia.


Dengan berpegang pada prinsip pemberian layanan yang setara,         By adhering to the principle of providing equal service, the
Perseroan memastikan bahwa setiap pelanggan diperlakukan             Company ensures that every customer is treated fairly and feels
secara adil dan merasa dihargai, serta dapat memperoleh layanan      valued, and can receive the same services as other customers.
yang sama dengan pelanggan lainnya. Komitmen Perseroan               The Company’s commitment to equality of service also includes
terhadap kesetaraan layanan juga mencakup transparansi               transparency of information regarding the Company’s products
informasi mengenai produk dan/atau jasa Perseroan melalui            and/or services via the website: https://bakrieland.com/. The
situs web: https://bakrieland.com/. Perseroan juga menyediakan       Company also provides communication channels such as email,
kanal komunikasi seperti email, media sosial, serta platform         social media and other platforms, which can be easily accessed
lainnya, yang dapat diakses dengan mudah oleh para pelanggan         by customers to obtain more complete information about the
untuk mendapatkan informasi yang lebih lengkap mengenai              Company.
Perseroan.



                                                                                                       2023 Annual Report Bakrieland          223
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            Kilas Kinerja                   Profil Perusahaan                 Laporan Manajemen                   Unit Pendukung Bisnis
       Performance Highlights                Corporate Profile                Management Report                    Business Support Unit




      Komitmen Perseroan untuk memberikan layanan yang                  The Company’s commitment to providing quality and equal
      berkualitas dan setara kepada seluruh pelanggan sekaligus         services to all customers also marks a form of corporate social
      menandai bentuk tanggung jawab sosial perusahaan dalam            responsibility in protecting customers’ rights as mandated in
      melindungi hak-hak pelanggan sebagaimana diamanatkan              Law no. 8 of year 1999 concerning Consumer Protection.
      dalam UU No. 8 tahun 1999 tentang Perlindungan Konsumen.


      ASPEK KETENAGAKERJAAN                                             MANPOWER ASPECT
      MEMBANGUN SDM UNGGUL DAN                                          BUILD HR OF EXCELLENCE AND CREATE
      MENCIPTAKAN TEMPAT KERJA YANG                                     AN INCLUSIVE, SAFE AND COMFORTABLE
      INKLUSIF, AMAN, DAN NYAMAN                                        WORKING ENVIRONMENT




      Kesetaraan Kesempatan Bekerja                                     Equality in Employment Opportunity
      Perseroan senantiasa berusaha menciptakan tempat kerja yang       The Company always strives to create a work place that is
      inklusif dan menghargai keberagaman, bebas diskriminasi, saling   inclusive and respects diversity, free from discrimination,
      menghormati, dan menjunjung tinggi Hak Asasi Manusia (HAM).       mutual respect, and upholds Human Rights. The Company’s
      Komitmen Perseroan terhadap keberagaman sudah diterapkan          commitment to diversity is implemented since recruitment
      sejak tahap rekrutmen dengan memberikan kesetaraan                stage by providing equal working opportunity to all prospective
      kesempatan bekerja kepada semua calon karyawan tanpa              employees without prejudice to differences in ethnicity, religion
      memperhatikan perbedaan suku, agama, maupun gender dari           or gender of each employee candidate.
      kandidat masing-masing karyawan tersebut.


      Perseroan memastikan proses seleksi karyawan diselenggarakan      The Company ensures that employee selection process is carried
      secara transparan dengan berlandaskan pada prinsip                out tansparently based on the principle of professionalism that
      profesionalisme sehingga keputusan akhir untuk menerima atau      final decision to accept or decline candidates is based on an
      menolak calon karyawan selalu didasarkan pada hasil penilaian     objective evaluation on qualification fulfillment as required
      yang objektif atas pemenuhan kualifikasi yang dibutuhkan          by the Company.
      Perseroan.


      Prinsip kesetaraan juga berlaku dalam hal manajemen SDM.          The principle of equality is also applicable in HR management.
      Perseroan memastikan bahwa setiap karyawan memiliki               The Company ensures that each employee has the same
      kesempatan sama untuk dapat mengembangkan kariernya               opportunity to obtain career development in the Company as
      di Perseroan serta memiliki peluang yang setara untuk             well as the opportunity to receive training in accordance with
      mendapatkan pelatihan sesuai dengan kebutuhan masing-             their respective needs, without prejudice to race, age, gender,
      masing, tanpa membedakan ras, usia, jenis kelamin, agama,         religion, or ethnicity.
      atau suku bangsa.


      Perseroan meyakini keberagaman yang tercipta di internal          The Company believes that the diversity created internally within
      organisasi merupakan kekuatan yang berharga untuk                 the organization is a valuable strength to build the Company and
      membangun Perseroan dan seluruh Unit Usaha agar dapat             all Business Units to be able to grow stronger in the times ahead.
      tumbuh lebih kuat di waktu mendatang.




224    Bakrieland Laporan Tahunan 2023
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Analisis dan Pembahasan Manajemen        Laporan Tata Kelola Perusahaan    Tanggung Jawab Sosial Perusahaan Terintegrasi/Laporan Keberlanjutan
Management Discussion and Analysis        Corporate Governance Report          Integrated Corporate Social Responsibility/Sustainability Report




Tenaga Kerja Anak dan Tenaga Kerja Paksa                           Child Labor and Forced Labor
Sejak pertama kali didirikan sampai saat ini, Perseroan tidak      Since first established to date, the Company has never employed
pernah mempekerjakan karyawan dibawah umur dan tidak               underage workers and has never implemented practices of
pernah menerapkan praktik tenaga kerja paksa. Sehubungan           forced labor. In this respect, the Company retains the policy
dengan hal ini, Perseroan memiliki kebijakan untuk merekrut        of recruiting employees with an age limit of 18 (eighteen) years
karyawan dengan batas usia minimal 18 (delapan belas) tahun        as regulated in the applicable manpower laws in Indonesia. The
sebagaimana diatur dalam undang-undang ketenagakerjaan             Company has also clearly regulates employee working hours
yang berlaku di Indonesia. Perseroan juga telah mengatur           as contained in the Company Regulations of PT Bakrieland
secara jelas waktu bekerja karyawan yang dituangkan dalam          Development Tbk, and has been socialized to all employees.
Peraturan Perusahaan PT Bakrieland Development Tbk, serta          To prevent misleading disclosure of information, the Company
sudah disosialisasikan kepada semua karyawan. Untuk mencegah       requires employees to read carefully and sign the Company
terjadinya misleading dalam penyampaian informasi, Perseroan       Regulations to indicate their agreement to the implementation
mewajibkan karyawan untuk membaca dengan seksama dan               of rights and obligations.
menandatangani Peraturan Perusahaan tersebut sebagai tanda
persetujuan atas pelaksanaan hak dan kewajiban bersama.


Remunerasi yang Adil dan Kompetitif:                               Fair and Competitive Remuneration:
Kepatuhan terhadap Upah Minimum                                    Compliance with the Regional Minimum
Regional (UMR)                                                     Wage (UMR) Provision
Perseroan memastikan pemberian skema remunerasi yang               The Company ensures that providing a fair and competitive
adil dan kompetitif kepada seluruh karyawan sesuai dengan          remuneration scheme for all employees is in accordance with
peraturan dan perundang-undangan yang berlaku. Sebagai             prevailing laws and regulations. As a form of appreciation
bentuk apresiasi atas dedikasi dan kerja keras yang telah          for the dedication and hard work contributed by each
dikontribusikan oleh masing-masing karyawan, Perseroan             individual employee, the Company sets the remuneration
menetapkan skema remunerasi yang terdiri dari gaji pokok,          package consisting of basic salary, annual bonus, leave, meal
bonus tahunan, cuti, uang makan, tunjangan hari raya (THR)         allowance, religious holiday allowance (THR) as well as medical,
keagamaan, pengobatan, akomodasi, perumahan, lembur,               accomodation, and housing allowances, overtime, old age
jaminan hari tua, dan lainnya.                                     security, and others.


Selain memberikan remunerasi, Perseroan juga menyediakan           Apart from remuneration, the Company also provides facilities
fasilitas dan manfaat non-tunai bagi karyawan yang jenis dan       and non-cash benefits for employees with the type and amount
besarannya disesuaikan dengan jenjang jabatan karyawan serta       of compensation adjusted to the employees’ position ranks,
mempertimbangkan kompetensi dan kinerja setiap karyawan.           taking into account the competency and performance of each
                                                                   employee.


Sesuai dengan komitmen terhadap keberagaman, Perseroan             In line with the commitment to diversity, the Company does
tidak membedakan upah atau gaji pokok yang diterima oleh           not differentiate the wage or basic salary received by male and
karyawan laki-laki dan perempuan untuk memastikan keadilan         female employees to ensure gender fairness in remuneration.
gender dalam pengupahan. Kebijakan ini diterapkan sebagai          This policy is implemented based on the principle of equality
bentuk implementasi dari prinsip kesetaraan yang dijunjung         that is held high by the Company.
tinggi oleh Perseroan.


Sementara itu untuk memastikan remunerasi yang ditawarkan          Meanwhile, to ensure the remuneration offered to employees
kepada karyawan tetap kompetitif dibandingkan dengan peers,        is competitive among peers, Company holds external salary
Perseroan mengadakan program external salary survey setiap         survey program every year carried out by an independent survey
tahun yang dilakukan oleh badan survei independen untuk            agency to see if the remuneration level offered is in line with
mengetahui apakah tingkat remunerasi yang diberikan telah          property and real estate industry standards.
sesuai dengan standar industri properti dan real estat.




                                                                                                     2023 Annual Report Bakrieland          225
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            Kilas Kinerja                   Profil Perusahaan                 Laporan Manajemen                   Unit Pendukung Bisnis
       Performance Highlights                Corporate Profile                Management Report                    Business Support Unit




      Jaminan Manfaat Kesehatan dan                                     Guaranteed Health and Safety Benefits for
      Keselamatan Bagi Karyawan                                         Employees
      Dalam rangka meningkatkan iklim kerja yang produktif              In the context of improving improving the productive climate,
      maka selain menawarkan skema remunerasi yang adil dan             apart from offering a fair and attractive remuneration package,
      menarik, Perseroan juga berusaha meningkatkan kualitas            the Company also tries to improve the quality of life welfare of
      kesejahteraan hidup karyawannya dengan memberikan jaminan         its employees by providing health and safety insurance through
      kesehatan dan keselamatan melalui program yang dikelola           a program managed by the Social Security Administrator (BPJS),
      oleh Badan Penyelenggara Jaminan Sosial (BPJS), yaitu BPJS        namely BPJS Manpower which covers Accident Insurance (JKK),
      Ketenagakerjaan mencakup Jaminan Kecelakaan Kerja (JKK),          Life Insurance (JKM), and Pension Plan (JHT), BPJS Health which
      Jaminan Kematian (JKM), dan Jaminan Hari Tua (JHT), BPJS          includes Outpatient and Inpatient Care, as well as the Pension
      Kesehatan mencakup Rawat Jalan dan Rawat Inap, serta Asuransi     Savings Insurance for permanent employees.
      Tabungan Pensiun bagi karyawan tetap.


      Pelatihan dan Pengembangan Karyawan                               Employee Training and Development
      Keberhasilan Perseroan dalam menjalankan kegiatan operasional     The Company’s success in optimally performing operational
      yang optimal tidak lepas dari peran dan dukungan karyawan yang    activities is inseparable from the role and support of the
      telah menunjukkan kemampuan dalam beradaptasi terhadap            employees who have shown their capability in adapting to all
      segala bentuk tantangan bisnis serta telah menjalankan tugas      forms of business challenges as well as in appropriately carrying
      dan tanggung jawabnya dengan baik. Untuk menjaga kualitas         out their duties and responsibilities. To maintain the quality and
      dan kompetensi dari masing-masing karyawan, Perseroan telah       competency of each employee, the Company has designed a
      merancang program pendidikan dan pengembangan kompetensi          continuous educational and competency development program
      yang berkelanjutan baik yang diselenggarakan secara inhouse.      organized by inhouse.


      Lingkungan Bekerja yang Layak dan Aman                            Proper and Safe Working Environment
      Perseroan      mendukung     penuh     upaya     pembentukan      The Company fully supports efforts to establish a proper
      lingkungan kerja yang layak dan aman bagi karyawan dengan         and safe working environment for employees by prioritizing
      memprioritaskan aspek Keselamatan dan Kesehatan Kerja             operational activities.     The Company’s commitment to
      (K3) dalam pelaksanaan aktivitas operasional. Komitmen            this case is reflected through the implementation of
      Perseroan akan hal ini ditunjukkan melalui penerapan              OHS policies and procedures, established with reference
      kebijakan dan prosedur K3 yang disusun dengan mengacu pada        to Law No. 1 of year 1970 regarding Occupational Safety and
      UU No. 1 tahun 1970 tentang Keselamatan dan Kesehatan Kerja       Health and Manpower Minister Regulation No. 5 of year 1996
      dan Peraturan Menteri Tenaga Kerja No. 5 tahun 1996 tentang       regarding Occupational Safety and Health Management System.
      Sistem Manajemen Keselamatan dan Kesehatan Kerja. Kebijakan       The general policy of OHS in the Company becomes the general
      umum K3 di Perseroan menjadi panduan umum bagi seluruh anak       guidelines for all Company subsidiaries and business units in
      Perusahaan dan unit bisnis dalam merencanakan, menerapkan,        planning, implementing as well as overseeing the program and
      serta melakukan pengawasan program serta kinerja K3.              performance of OHS.


      Untuk menekan angka kecelakaan kerja, Perseroan berkomitmen       To reduce occupational accident level, the Company is committed
      untuk menerapkan praktik K3 seoptimal mungkin serta secara        to applying OHS practices as optimally as possible and
      konsisten mensosialisasikan budaya K3 kepada seluruh karyawan     consistently socializing OHS culture to all employees and every
      dan juga setiap orang yang bekerja di wilayah operasional.        worker within operational areas. This initiative is conducted
      Inisiatif ini dilakukan untuk memastikan bahwa seluruh kegiatan   to ensure that all operational activities, procedures, and work
      operasional, prosedur, dan sistem kerja yang diterapkan           systems implemented in the Company are in compliance with
      Perseroan telah sesuai dengan standar K3 dan dijalankan secara    OHS standards and carried out seriously by every individual.
      sungguh-sungguh oleh setiap individu.


      Selain itu, Perseroan juga menyediakan berbagai fasilitas,        In addition, the Company also provides work facilities, tools and
      peralatan, dan perlengkapan kerja yang memenuhi standar K3        equipment that meets OHS standards in all operational areas.
      di semua area operasi. Melalui implementasi K3 yang optimal,      Through optimal OHS implementation, the Company and all
      Perseroan dan seluruh Unit Usaha terbukti dapat memberikan        Business Units have proven to provide maximum performance.
      kinerja yang maksimal.


226    Bakrieland Laporan Tahunan 2023
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Analisis dan Pembahasan Manajemen         Laporan Tata Kelola Perusahaan    Tanggung Jawab Sosial Perusahaan Terintegrasi/Laporan Keberlanjutan
Management Discussion and Analysis         Corporate Governance Report          Integrated Corporate Social Responsibility/Sustainability Report




Setiap tahun, Perseroan telah melaksanakan berbagai program         Every year, the Company conducts various programs and
dan inisiatif terkait K3 dan Ketengakerjaan sebagai wujud           initiatives related to OHS and Manpower as a manifestation
implementasi dari pilar keberlanjutan “It’s about People”, di       of the implementation of the “It’s About People” sustainability
antaranya:                                                          pillar, which among others include the following:


Komite & Forum K3                                                   OHS Committee & Forum
Perseroan memiliki Komite Khusus di setiap Unit Usaha               The Company retains a Special Committee in every Business
yang bertanggung jawab untuk memastikan terlaksananya               Unit responsible for ensuring the implementation of OHS
praktik K3 secara komprehensif di masing-masing Unit Usaha.         practices comprehensively in each Business Unit. Several
Beberapa anak Perusahaan juga memiliki Komite Khusus                Company subsidiaries also have a Special Committee known
bernama Panitia Persiapan Kesehatan dan Keselamatan Kerja           as the Occupational Health and Safety Preparation Committee
(P2K3) dan Emergency Response Team (ERT). Komite-komite             (P2K3) and Emergency Response Team (ERT). These committees
tersebut melibatkan Direksi terutama untuk menjalankan fungsi       engage the Board of Directors especially to carry out the
kesehatan, keselamatan dan lingkungan hidup. Pembentukan            health, safety and environmental function. The formation of
komite-komite khusus ini dimaksudkan untuk meminimalisir            these special committees are intended to minimize work risks
risiko kerja yang muncul di wilayah operasional. Untuk mencapai     that arise in operational areas. To achieve the optimum OHS
target kinerja K3 yang optimal, Perseroan juga senantiasa           performance target, the Company also continuously places
menjadikan topik K3 sebagai salah satu agenda pembahasan            OHS as one of the topics in their routine agenda of discussion
rutin di berbagai forum pertemuan internal dan eksternal.           in various internal and external meeting forums.


Fokus Program K3, Implementasi, dan                                 Focus on OHS Program, Implementation, and
Pencapaian Program di Berbagai Unit Usaha                           Achievement in Various Business Units
Perseroan telah melakukan identifikasi dan klasifikasi atas         The Company has identified and classified 11 types of work with
11 tipe pekerjaan yang memiliki potensi risiko fatal, serta         potential fatal risks, as well as reviewed the standards, work
meninjau ulang standar, petunjuk pelaksanaan kerja, kriteria        implementation instructions, audit criteria and work training to
audit dan pelatihan kerja untuk mempertahankan kinerja              maintain optimum operations performance and zero accident.
operasi yang optimal dan nihil kecelakaan (zero accident).          The Company’s OHS program focuses on 4 (four) areas, namely
Program K3 Perseroan difokuskan pada 4 (empat) area, yaitu          process, material, manpower and equipment. Busines Units have
proses, material, tenaga kerja, dan alat. Unit-Unit Usaha juga      also consistently applied a number of OHS programs, such as
secara konsisten melaksanakan sejumlah program K3 seperti           fire and earthquake evacuation simulation, routine inspection
simulasi evakuasi kebakaran dan gempa bumi, inspeksi rutin          of the Light-Weigth Fire Extinguisher Equipment (APAR), safety
Alat Pemadam Api Ringan (APAR), pengelolaan keselamatan             management on the use of property facilities and equipment.
untuk penggunaan fasilitas dan peralatan properti.


Menjamin Ketersediaan                                               Assurance on the Availability of Personal
Alat Pelindung Diri (APD)                                           Protective Equipment (PPE)
Upaya Perseroan dalam memastikan hadirnya lingkungan kerja          The Company’s efforts to ensure the presence of a safe
yang aman bagi karyawan diwujudkan melalui penyediaan               working environment for employees are manifested through
Alat Pelindung Diri (APD) di masing-masing Unit Usaha.              the provision of Personal Protective Equipment (PPE) in each
Perseroan memastikan kecukupan jenis dan jumlah APD, serta          Business Unit. The Company ensures sufficiency in the types
mewajibkan seluruh karyawan yang bekerja di area operasi agar       and number of PPE, as well as in requiring all employees who
selalu mengenakan APD sesuai dengan standar nasional dan            work in operational areas to always wear PPE in accordance with
internasional yang berlaku. Perseroan menjamin hak seorang          applicable national and international standards. The Company
karyawan untuk menolak mengerjakan suatu pekerjaan jika             guarantees the rights of the employees to refuse to carry out
tidak memenuhi persyaratan kesehatan dan keselamatan kerja          tasks if they are not equipped with proper health and safety
perusahaan termasuk jika kelengkapan APD yang diprasyaratkan        requirements including if the complete required PPE is not
tidak tersedia.                                                     provided.




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            Kilas Kinerja                          Profil Perusahaan           Laporan Manajemen                     Unit Pendukung Bisnis
       Performance Highlights                       Corporate Profile          Management Report                      Business Support Unit




      Program dan Kegiatan K3 Tahun 2023                                 OHS Programs and Activities in 2023
      Sepanjang tahun 2023, masing-masing Unit Usaha Perseroan           Throughout the year 2023, each Business Unit of the Company
      telah menunjukkan komitmen penuhnya dalam menerapkan pilar         has shown full commitment in applying sustainability pillar in
      keberlanjutan di bidang K3 yang tercermin dari pelaksanaan         OHS as reflected in their implementation of OHS activities.
      berbagai kegiatan K3.


      Kinerja K3 Tahun 2023                                              OHS Performance in 2023
      Perseroan mewajibkan semua karyawan untuk melaporkan               The Company requires all employees to report every work
      setiap kecelakaan kerja yang terjadi di wilayah operasional        incident that occurs in the operational areas to their respective
      kepada atasan masing-masing. Perseroan juga berkerja sama          supervisors. The Company also works together with health
      dengan institusi kesehatan yang berada di sekitar properti untuk   institutions present in the vicinity of the property to obtain
      mendapatkan dukungan kemudahan penanganan saat terjadinya          support for handling convenience when incidents occur. In
      insiden. Di beberapa lokasi properti, Perseroan juga memiliki      several locations around the property, the Company also
      klinik sebagai tempat penanganan pertama sebelum dirujuk ke        provides clinics for initial treatment before referring to the
      rumah sakit apabila insiden membutuhkan penanganan lebih           hospital, if necessary, for further treatment. All work accidents
      lanjut. Seluruh kejadian kecelakaan kerja terdokumentasikan        are properly documented and surely become materials for
      dengan baik dan tentunya dijadikan sebagai bahan evaluasi          evaluation and further corrections.
      dan aksi koreksi selanjutnya.


      Berikut adalah data kecelakaan kerja karyawan di area operasi      Following is a list of employee work accidents in operational
      sepanjang tahun 2023:                                              areas during the year 2023:

                                                                                              Jumlah Insiden
                                 Tipe Insiden                                                Number of Incident
                                Type of Incident
                                                                          2023                      2022                      2021
       Near Miss                                                           433                     1.001                       693
       Insiden Ringan                                                        49                        61                        26
       Non-Recordable Incident
       Insiden Berat                                                          2                         0                         0
       Recordable Incident
       Kematian                                                               0                         0                         0
       Fatality



      Berdasarkan informasi pada tabel di atas, pada tahun 2023,         Based on the above data, in 2023, the Company managed to
      Perseroan berhasil mencatatkan zero fatalities (tanpa kematian)    record zero fatality (no death) in all property areas. This record is
      di seluruh area kawasan. Catatan ini merupakan wujud komitmen      a form of the Company’s commitment in providing convenience
      Perseroan dalam memberikan kenyamanan dan keamanan bagi            and safety to all employees in the working environment.
      para karyawan di lingkungan kerja.


      Keberhasilan Perseroan dalam menjaga angka kecelakaan              The Company’s success in maintaining the rate of work accidents
      zero fatalities di semua area operasi tentunya didukung oleh       with zero fatalities in all operational areas is surely supported
      komitmen tinggi dari seluruh karyawan yang senantiasa              by the high commitment of all employees who consistently
      mengedepankan aspek keselamatan dan keamanan dalam                 put forward safety and security aspects at work. In 2023, the
      bekerja. Pada tahun 2023, Perseroan kembali membekali              Company again prepared employees with various types of OHS
      karyawan dengan berbagai jenis pelatihan K3 dan sebanyak           training and as many as 22 employees are OHS certified.
      22 karyawan sudah tersertifikasi K3.




228    Bakrieland Laporan Tahunan 2023
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Analisis dan Pembahasan Manajemen        Laporan Tata Kelola Perusahaan    Tanggung Jawab Sosial Perusahaan Terintegrasi/Laporan Keberlanjutan
Management Discussion and Analysis        Corporate Governance Report          Integrated Corporate Social Responsibility/Sustainability Report




ASPEK MASYARAKAT                                                   COMMUNITY ASPECT
TUMBUH DAN BERKEMBANG BERSAMA                                      GROW AND DEVELOP TOGETHER WITH THE
MASYARAKAT DAMPAK OPERASI                                          COMMUNITY IMPACT OF OPERATIONS ON
TERHADAP MASYARAKAT SEKITAR                                        SURROUNDING COMMUNITY




Sesuai dengan prinsip bisnis berkelanjutan, Perseroan berusaha     In line with the principles of sustainable business, the Company
untuk menghadirkan ekosistem bisnis yang menguntungkan             strives to deliver a profitable business ecosystem yet still takes
namun tetap memperhatikan kualitas lingkungan dan kehidupan        into account the quality of the environment and life of the
masyarakat. Berangkat dari semangat tersebut, Perseroan            community. From this spirit, the Company tries to define the
mencoba mengukir makna keberlanjutan yang kuat ditengah            essence of strong sustainability in the community by supporting
masyarakat dengan mendukung kemandirian perekonomian               economic independence in the surrounding operational areas
di wilayah operasional melalui pembukaan lapangan kerja bagi       through opening work opportunities for local community
masyarakat lokal dan membuka peluang usaha yang lebih besar        members and opening business opportunities for the Small
bagi para pelaku Usaha Kecil Menengah (UKM) untuk dapat            Medium Scale Enterprises (UKM) to become the Company’s
menjadi rekanan atau mitra kerja Perseroan. Dalam merekrut         associates or work partners. In recruiting local men and
putra/i daerah, Perseroan tetap memperhatikan pemenuhan            women, the Company remains attentive to the fulfillment of
kualifikasi dan kompetensi yang diperlukan oleh masing-masing      the qualifications and competencies required by each Business
Unit Usaha untuk mendukung pengembangan bisnisnya. Selain          Unit in support of achieving business development. Aside
menyalurkan dampak ekonomi bagi warga setempat, Perseroan          from channeling the economic impact to local residents, the
juga berusaha memberikan kontribusi positif yang berkelanjutan     Company also strives to provide sustainable positive to the local
kepada masyarakat sekitar melalui program-program CSR              communities through the Company CSR programs in the social
Perseroan di bidang sosial atau pemberdayaan masyarakat            or community development sector that are right on target so as
yang tepat sasaran agar tercipta hubungan yang kuat dan baik       to create strong and good relationships with local communities.
dengan komunitas lokal.


Kegiatan Community Development                                     Bakrieland Community Development
Bakrieland                                                         Activities
Sebagai wujud implementasi atas pilar keberlanjutan “It’s the      As a manifestation of the implementation of “It’s About People”
People”, pada tahun 2023, Perseroan kembali menjalankan            sustainability pillar in 2023, the Company again conducted the
program community development dengan pelaksanaan dilakukan         community development program with implementation carried
oleh Unit Usaha:                                                   out by Business Units as follows:


Kegiatan Community Development - Unit                              Business Unit - Community Development
Usaha                                                              Activities
Masing-masing Unit Usaha Perseroan secara konsisten                Each of the Company’s Business Unit consistently and sustainably
dan berkelanjutan menyelenggarakan berbagai program                holds various community development programs inline with
community development sesuai dengan 3 (tiga) fokus utama,          the 3 (three) main focuses, namely Education, Environment,
yaitu Pendidikan, Lingkungan, dan Sosial. Berikut ini adalah       and Social. Following are several community development
beberapa program community development yang dijalankan             programs carried out by business units in 2023:
oleh unit usaha selama 2023:


Kawasan Rasuna Epicentrum                                          Rasuna Epicentrum Area
Kawasan Rasuna Epicentrum melaksanakan program CSR                 The Rasuna Epicentrum complex carries out the Kampung
Kampung Makmur yang bertujuan untuk meningkatkan                   Makmur CSR program with the aim of improving the welfare
kesejahteraan masyarakat melalui pemberian bantuan dan             of the community through providing assistance and programs in
program di bidang keagamaan, sosial, dan ekonomi. Dalam            the religious, social and economic sectors. In its implementation,


                                                                                                     2023 Annual Report Bakrieland          229
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            Kilas Kinerja                         Profil Perusahaan                   Laporan Manajemen                    Unit Pendukung Bisnis
       Performance Highlights                      Corporate Profile                  Management Report                     Business Support Unit




      melaksanakan program Kampung Makmur, PT Bakrie Swasakti                   PT Bakrie Swasakti Utama (BSU) as the management of
      Utama (BSU) selaku pengelola kawasan Rasuna Epicentrum                    the Rasuna Epicentrum regularly works together with the
      secara berkala melakukan kerja sama dengan masyarakat sekitar,            surrounding community, through the Al-Bakrie Mosque and
      baik melalui Masjid Al-Bakrie maupun melalui Yayasan Bakrie               Bakrie Amanah Foundation.
      Amanah.


      Pada tahun 2023, Kawasan Rasuna Epicentrum telah menjalankan              In the year 2023, the Rasuna Epicentrum Area conducted its
      program CSR berikut ini:                                                  CSR program as follows:

                                     Jenis Program                                                        Pencapaian
                                    Type of Program                                                       Achievement
       Meneruskan program fasilitas 1 mobil ambulan yang digunakan              Melayani ratusan penerima manfaat yang berasal dari masyarakat
       sebagai pelayanan pengantaran jenazah ke tempat penguburan               sekitar dan seluruh penghuni kawasan Rasuna Epicentrum
       Continue the program of 1 ambulance vehicle to be used as a service      Assisted hundreds of benefit recipients from the surrounding
       to transport deceased members of the community to burial sites           community and all residents of the Rasuna Epicentrum complex
       Penyediaan mobil klinik                                                  Sudah melayani ratusan penerima manfaat yang berasal dari
       Facilitation of clinic vehicle                                           masyarakat sekitar dan seluruh penghuni kawasan Rasuna
                                                                                Epicentrum
                                                                                Provided services to hundreds of benefit recipients from the
                                                                                surrounding community and all of Rasuna Epicentrum residents
       Bekerja sama dengan posyandu setempat untuk mensejahterakan              Pelayanan posyandu melayani lebih dari 30 anak
       balita dan manula                                                        Posyandu services treated more than 30 children
       Cooperation with local posyandu (integrated community services)
       facility for the welfare of children and senior residents
       Memfasilitasi 1 PAUD untuk beroperasi agar anak-anak sekitar ikut        Setiap tahunnya PAUD mendidik lebih dari 20 anak
       merasakan pendidikan usia dini                                           PAUD annually educate more than 20 children
       Facilitation of 1 PAUD (Early Childhood Care and Education) so
       that children of the surrounding community can experience early
       childhood education
       Pemberian hewan Qurban saat Idul Adha                                    Pembagian Qurban di Masjid Al-Bakrie untuk puluhan warga sekitar
       Contribution of Qurban during Eid Al-Adha                                Distribution of Qurban meat to tens of surrounding residents at
                                                                                Al-Bakrie Mosque
       Meneruskan kerja sama dengan Bank Sampah                                 Sudah lebih dari puluhan kilogram sampah dikelola Bank Sampah
       Continue cooperation with Waste Bank                                     More than tens of kilograms of waste managed by Waste Bank
       Memberikan kesempatan kepada UKM untuk berusaha di kawasan               Lebih dari puluhan UKM mendapatkan kesempatan berusaha di
       Provide opportunities for SMEs business in the property area             kawasan
                                                                                More than tens of SMEs received opportunities to conduct business
                                                                                within the Rasuna Epicentrum complex


      Kawasan Kalianda Nirwana Resort (KNR)                                     Kalianda Nirwana Resort (KNR) Area
      PT    Krakatau      Lampung       Tourism    Development         (KLTD)   PT Krakatau Lampung Tourism Development (KLTD), as
      selaku Anak Perusahaan yang mengelola kawasan KNR                         the Subsidiary that manages KNR area, has developed the
      telah mengembangkan konsep “Agroforestry Park” untuk                      “Agroforestry Park” concept to improve the tourism sector
      meningkatkan sektor pariwisata dan mendorong kemandirian                  and support the economic indendence of the concerned area.
      ekonomi di daerah tersebut. Pada tahun 2023, Unit Usaha KLTD              In 2023, the KLTD Business Unit carried out its CSR program in
      telah menjalankan program CSR di bidang Lingkungan dan Sosial,            the Environmental and Social sectors, including the following:
      antara lain:

                                     Jenis Program                                                        Pencapaian
                                    Type of Program                                                       Achievement
       Penanaman tanaman bakau secara berkala untuk mencapai target             Telah ditanam lebih dari 16.000 pohon bakau di seluruh kawasan
       penanaman bakau seluas 30 Ha untuk menyelamatkan pantai                  Kalianda Nirwana Resort
       Kalianda dari abrasi laut dengan melibatkan berbagai stakeholders        More than 16,000 mangrove trees were planted throughout the
       Regular planting of mangrove plants to achieve the target of planting    Kalianda Nirwana Resort areas
       mangroves covering an area of 30 Ha to save Kalianda beach from sea
       abrasion by involving various stakeholders




230    Bakrieland Laporan Tahunan 2023
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Analisis dan Pembahasan Manajemen             Laporan Tata Kelola Perusahaan    Tanggung Jawab Sosial Perusahaan Terintegrasi/Laporan Keberlanjutan
Management Discussion and Analysis             Corporate Governance Report          Integrated Corporate Social Responsibility/Sustainability Report




                           Jenis Program                                                          Pencapaian
                          Type of Program                                                         Achievement
 Pemberian hewan Qurban saat Idul Adha                                  Terselenggaranya pemberian Qurban di masjid sekitar yang
 Contribution of Qurban at Eid Al-Adha                                  memberikan manfaat bagi puluhan warga sekitar
                                                                        Distribution of Qurban at nearby mosques, providing benefits to
                                                                        members of the surrounding communities
 Memberikan kesempatan kepada UKM untuk berusaha di kawasan             Sebanyak 10 (sepuluh) UKM mendapatkan kesempatan berusaha di
 Provide SMEs with business opportunities within the areas              kawasan
                                                                        10 (ten) SMEs received the opportunity to conduct business within
                                                                        the area


Kawasan Bogor Nirwana Residence                                         Bogor Nirwana Residence Area
Bogor Nirwana Residence dikelola oleh PT Graha Andrasentra              Bogor Nirwana Residence is managed by PT Graha Andrasentra
Propertindo Tbk (GAP) dengan mengusung konsep “Desa                     Propertindo Tbk (GAP) carrying the concept of “Desa Mandiri
Mandiri Bertakwa”. Pengelolaan Kawasan BNR bertujuan                    Bertakwa” (Independent and Devouted Village). Managing BNR
untuk mengakomodasi kebutuhan ekonomi masyarakat dengan                 Area is aimed at accommodating the community’s economic
tetap mengedepankan sisi spritual yang telah menjadi ciri khas          needs by putting forward the spiritual aspect that has become
masyarakatnya. Pada tahun 2023, Perseroan melalui Unit Usaha            characteristic of the community. In 2023, the Company, through
GAP sudah menjalankan berbagai program CSR seperti:                     GAP Business Unit, conducted various CSR programs such as
                                                                        the following:

                           Jenis Program                                                          Pencapaian
                          Type of Program                                                         Achievement
 Meneruskan kerja sama dengan Taruna Kompos dalam pemanfaatan           • Sudah lebih dari puluhan kilogram kompos dikelola Taruna
 sampah rumah tangga menjadi kompos                                       Kompos
 Continue cooperation with Taruna Kompos in making use of               • Membuka lapangan kerja untuk lebih dari 10 orang
 household waste into compost                                           • More than tens of kilograms of compost managed by Taruna
                                                                          Kompos
                                                                        • Opened job opportunities for more than 10 members of the
                                                                          community
 Meneruskan upaya membina 8 PAUD yang berada di bawah naungan           Setiap tahun, PAUD mendidik lebih dari 190-an anak
 BNR                                                                    Every year, PAUD educate more than 190 children
 Continue efforts to oversee 8 PAUDs under the supervision of BNR
 Pemberian hewan Qurban saat Idul Adha                                  Pembagian Qurban di Masjid Roosniyah Al-Bakrie untuk ratusan
 Contribute Qurban at Eid Al-Adha                                       warga sekitar sebagai penerima manfaat
                                                                        Distribution of Qurban at Roosniyah Al-Bakrie Mosque for hundreds
                                                                        of community members as recipients of benefits
 Donor darah                                                            Lebih dari puluhan kantong darah berhasil dikumpulkan
 Blood donation                                                         More than tens of blood bags were collected
 Memberikan kesempatan kepada UKM untuk berusaha di kawasan             Lebih dari puluhan UKM mendapatkan kesempatan berusaha di
 Provide opportunity for SMEs to carry out business within the area     kawasan
                                                                        More than tens of SMEs received the opportunity to operate
                                                                        business in the area



Kawasan Awana, Yogyakarta                                               Awana Area, Yogyakarta
Kawasan Awana Yogyakarta dikelola oleh Unit Usaha The Alana             The Awana Yogyakarta area is managed by The Alana Malioboro
Malioboro Hotel and Confrence Center. Pengelolaan area ini              Hotel and Confrence Center Business Unit. Management of the
bertujuan untuk memastikan masyarakat yang tinggal di wilayah           area aims to ensure that residents living in surrounding areas of
sekitar operasional mendapatkan manfaat positif baik dari segi          the property receive positive benefits both from an economic
ekonomi maupun sosial. Berbagai program CSR yang telah                  and social perspectives. Various CSR programs were carried
dilakukan Unit Usaha ini ditahun 2023, antara lain:                     out by the Business Unit in 2023, among others are as follows:




                                                                                                          2023 Annual Report Bakrieland           231
Page 234
            Kilas Kinerja                        Profil Perusahaan                      Laporan Manajemen                   Unit Pendukung Bisnis
       Performance Highlights                     Corporate Profile                     Management Report                    Business Support Unit




                                  Jenis Program                                                             Pencapaian
                                 Type of Program                                                            Achievement
       Memberikan kesempatan kepada pengusaha kecil untuk berdagang               Sebanyak 3 UKM mendapatkan kesempatan berusaha di Kawasan
       cinderamata khas Yogyakarta di area hotel                                  3 SMEs received the opportunity to operate business within the
       Provide opportunity for small businesses to sell souvenirs of unique       hotel area
       Yogyakarta within the hotel areas
       Memberikan kesempatan kepada pengayuh becak motor, kendaraan               Sebanyak 5 pengayuh becak mendapatkan kesempatan berusaha di
       lokal khas Yogyakarta, untuk berada di area hotel agar pelanggan           kawasan
       hotel yang ingin berkeliling kota dimudahkan                               5 becak pedicab riders were given the opportunity to work around
       Provide opportunity for "becak" (pedicab-motorcycle) riders, specific      the hotel area
       local pedicabs of Yogyakarta, to remain operational around hotel
       areas allowing hotel guests to easily enjoy traditional transportation
       mode around town
       Pemberian hewan Qurban saat Idul Adha                                      Pembagian Qurban ke tokoh-tokoh masyarakat setempat
       Contribution of Qurban at Eid Al-Adha                                      Distribution of Qurban to local community members



      Relawan Bakrieland                                                          Bakrieland Volunteers
      Dalam setiap pelaksanaan program community development,                     In each implementation of the community development
      Perseroan senantiasa melibatkan peran aktif karyawan agar                   programs, the Company always engages the active role of
      masing-masing individu memiliki kepedulian yang tinggi untuk                employees so that each individual has a high level of concern
      berkontribusi bagi masyarakat. Inisiatif ini diwujudkan Perseroan           and care to contribute to the community. Such initiative is
      melalui program “Relawan Bakrieland”, yang sejalan dengan                   manifested by the Company through the “Bakrieland Volunteer”
      prinsip Trimatra Bakrie.                                                    program in line with the principle of Trimatra Bakrie.


      Mendukung Keberlanjutan                                                     Supporting Business
      Usaha Pemasok Lokal                                                         Sustainability of Local Suppliers
      Dalam meningkatkan potensi-potensi perekonomian masyarakat                  In increasing the economic potentials of the community to
      untuk memajukan pertumbuhan ekonomi lokal di sekitar                        advance its local economic growth around the operational
      wilayah operasional, Perseroan membuka kesempatan atau                      areas, the Company opens the opportunity for local suppliers
      peluang kerja sama pemasok lokal sebagai mitra Perseroan.                   to collaborate as the Company partners. Throughout the
      Sepanjang tahun 2023, total nilai pembelian Perseroan kepada                year 2023, the total purchase value of the Company to local
      pemasok lokal mencapai Rp74,7 miliar atau 53,99% dari total                 suppliers reached Rp74.7 billion or 53.99% of the company’s
      nilai pembelian perusahaan di tahun 2023. Berikut ini adalah                total expenditure in 2023. Following is data on the purchasing
      data nilai pembelian kepada pemasok lokal berdasarkan area                  value of local suppliers based on operational areas during the
      operasional selama tiga tahun terakhir:                                     last three years:

                                                                                          Nilai Pembelian kepada Pemasok Lokal
                                    Area                                                      Purchase Value to Local Suppliers
                                                                                 2023 (Rp)               2022 (Rp)                2021 (Rp)
       Jakarta                                                                44.036.574.998          45.908.820.138           14.655.802.355
       Bogor                                                                  23.575.728.960          17.475.348.490           10.909.150.502
       Lampung                                                                  1.936.195.686          3.358.297.787                50.943.800
       D.I. Yogyakarta                                                          7.157.986.027          5.755.074.943            2.898.550.343




232    Bakrieland Laporan Tahunan 2023
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Analisis dan Pembahasan Manajemen           Laporan Tata Kelola Perusahaan       Tanggung Jawab Sosial Perusahaan Terintegrasi/Laporan Keberlanjutan
Management Discussion and Analysis           Corporate Governance Report             Integrated Corporate Social Responsibility/Sustainability Report




                                                                                 Nilai Pembelian kepada Pemasok Lokal
                              Area                                                   Purchase Value to Local Suppliers
                                                                        2023 (Rp)                   2022 (Rp)                       2021 (Rp)
 Jumlah
                                                                     76.706.485.670              72.497.541.358            28.514.447.000
 Total


Media Pengaduan Masyarakat                                              Public Complaint Media
Perseroan menugaskan Estate Management di setiap kawasan                The Company assigned the Estate Management in each area to
untuk menangani keluhan dan teguran masyarakat terkait                  handle public complaints and reprimands related to operational
kegiatan operasional yang dijalankan Perseroan ataupun Unit             activities carried out by the Company or Business Units. The
Usaha. Perseroan senantiasa mengutamakan jalur musyawarah               Company always puts forward the option for deliberation
dalam menangani aduan atau keluhan yang disampaikan                     channels in handling complaints or grievances submitted by
masyarakat dengan melakukan mediasi dan memastikan setiap               the public by mediating and ensuring that each problem is
persoalan terkelola/terselesaikan dengan solusi terbaik sesuai          managed/resolved with the best solution in accordance with
dengan prosedur internal yang berlaku.                                  applicable internal procedures.


Selama periode pelaporan tahun 2023, tidak terdapat pengaduan           During the reporting period of the year 2023, there were no
dari masyarakat.                                                        complaints from the public.


Realisasi Anggaran                                                      Realization of Community
Pengembangan Masyarakat                                                 Development Budget
Pada tahun 2023, Perusahaan telah mendistribusikan dana untuk           In 2023, the Company has distributed funds for various
berbagai program pengembangan masyarakat di seluruh area                community development programs in all operational areas
operasional sebesar Rp1.299.847.275.                                    amounting to Rp1,299,847,275.



                                                                               Realisasi Anggaran
                                                                               Budget Realization
                 Bidang
  No                                                 2021                                 2022                                  2023
                   Field
                                     Nilai I Value                        Nilai I Value                         Nilai I Value
                                                              %                                     %                                      %
                                          Rp                                   Rp                                    Rp
        Pendidikan
   A                                   1.600.000             0,39%        56.781.970              6,53%           20.950.000             1,61%
        Education
        Lingkungan
   B                                     500.000             0,12%                   0            0,00%               525.000            0,04%
        Environment
        Bidang Sosial
                                     387.437.500            95,13%       787.601.000             90,59,%         994.372.275            76,50%
        Social Sector
        - Olahraga, Kesehatan,
          dan Kesenian                80.022.500            19,65%       256.600.000             29,52%          115.452.275             8,88%
        - Sports, Health, and Arts
   C    - Keagamaan
                                     303.815.000            74,60%       523.501.000             60,22%          876.920.000            67,46%
        - Religion
        - Bencana Alam
                                       3.100.000             0,76%           7.500.000            0,86%             2.000.000            0,15%
        - Natural Disasters
        - Sosial Ekonomi
                                         500.000             0,12%                   0            0,00%                         0        0,00%
        - Social Economic
        Korporasi
  D                                   17.720.000             4,35%        25.000.000             2,88%           284.000.000            21,85%
        Corporation
        Jumlah
                                     407.257.500             100%        869.382.970              100%          1.299.847.275             100%
        Total




                                                                                                            2023 Annual Report Bakrieland         233
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            Kilas Kinerja                     Profil Perusahaan                 Laporan Manajemen                  Unit Pendukung Bisnis
       Performance Highlights                  Corporate Profile                Management Report                   Business Support Unit




      ASPEK PELANGGAN                                                    CUSTOMER ASPECT
      TANGGUNG JAWAB SOSIAL TERHADAP                                     SOCIAL RESPONSIBILITY TO CUSTOMERS
      PELANGGAN




      Sebagai salah satu pengembang properti terdepan di Indonesia,      As one of the leading property developer in Indonesia, the
      Perseroan terus berusaha menghadirkan produk dan layanan           Company continues to strive in delivering property products and
      properti terbaik kepada pelanggan dengan tetap mengutamakan        services of excellence to customers by continuing to prioritize
      perlindungan hak-hak pelanggan. Komitmen Perseroan dalam           the protection of customers’ rights. The Company’s commitment
      meningkatkan produk dan layanan diwujudkan melalui berbagai        to improving its products and services is manifested through
      program continuous improvement yang dilakukan berdasarkan          various continuous improvement programs conducted based
      hasil riset perubahan market trend, kebutuhan pelanggan            on research on changes in market trends, customers’ needs as
      maupun kritik dan umpan balik.                                     well as on criticisms and feedbacks.


      Selain terus berinovasi pada produk ataupun layanan, Perseroan     Apart from unceasing innovation in products or services, the
      juga menunjukkan tanggung jawab penuhnya atas keamanan             Company also reveals its full responsibility for the safety of
      produk dan perlindungan pelanggan sebagaimana tertuang             products and the protection of customers as stated in the “It’s
      dalam pilar keberlanjutan “It’s About the People” yang telah       About the People” sustainability pillar carried out since the
      dijalankan sejak tahun 2011.                                       year 2011.


      Pada tahun 2023, Perseroan menunjukkan langkah konkret             In 2023, the Company showed concrete steps toward achieving
      dalam mencapai tujuan SDGs yang relevan dengan tanggung            SDG goals that are relevant to the responsibility and protection
      jawab dan perlindungan pelanggan melalui berbagai program          of consumers through various programs or initiatives, namely
      atau inisiatif kegiatan, yaitu sebagai berikut:                    as follows:
      1.   Melengkapi fasilitas khusus untuk penyandang disabilitas;     1.   Provide special facilities for people with disabilities;
      2.   Penambahan kendaraan listrik yang dapat dipergunakan          2.   Provide additional electric vehicles which can be used
           pelanggan untuk menikmati produk atau kawasan dengan               by customers to enjoy products or the property in an
           cara ramah lingkungan.                                             environmentally friendly way.


      Inovasi dan Pengembangan                                           Innovation and Continuous
      Layanan Berkelanjutan                                              Development of Services
      Industri properti kian bertransformasi menjadi salah satu sektor   The property industry is increasingly transforming to become
      tumpuan bagi perekonomian nasional yang menyumbang                 one of the realiable sectors for the national economy that
      multiplier effect bagi subsektor industri pendukung lainnya.       generates multiplier effects for other supporting subsectors.
      Sebagai salah satu pemain lama di sektor properti nasional,        As one of the long-time players in the national property sector,
      Perseroan menekankan pentingnya budaya inovasi dalam               the Company affirms the importance of innovation culture in
      menghadirkan produk yang berkualitas, berkelanjutan, dan           delivering quality, sustainable, and responsible products.
      bertanggung jawab.


      Dengan semangat inovasi tersebut, Perseroan selalu melakukan       With such an innovative spirit, the Company always conducts
      riset pasar yang komprehensif terlebih dahulu sebelum              comprehensive market research before executing new projects
      mengeksekusi proyek-proyek baru ataupun mengembangkan              or developing existing property projects. This is an important
      proyek-proyek properti yang sudah ada. Langkah ini penting         step to carry out so that products to be launched may answer
      untuk dilakukan agar produk yang diluncurkan nantinya dapat        the increasing needs or demands of the public from time to time.
      menjawab kebutuhan atau permintaan masyarakat yang terus
      berkembang dari waktu ke waktu.




234    Bakrieland Laporan Tahunan 2023
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Analisis dan Pembahasan Manajemen         Laporan Tata Kelola Perusahaan      Tanggung Jawab Sosial Perusahaan Terintegrasi/Laporan Keberlanjutan
Management Discussion and Analysis         Corporate Governance Report            Integrated Corporate Social Responsibility/Sustainability Report




Selain berfokus pada pengembangan produk, inovasi yang              Aside from focusing on product development, continuous
berkelanjutan juga diterapkan pada strategi pemasaran salah         innovation is also implemented in the marketing strategy, one of
satunya dengan mengoptimalkan peran media sosial dalam              the means is by optimizing the role of social media in extensively
mengkampanyekan iklan-iklan properti milik Perseroan secara         campaigning the Company’s property advertisements. In the
ekstensif. Sementara itu dalam rangka meningkatkan basis            meantime, to increase its customer base, the Company also
pelanggan, Perseroan juga telah menjalin kerja sama dengan          maintains collaboration with property technology companies
perusahaan-perusahaan teknologi properti (PropTech) dalam           (PropTech) in promoting the Company’s property products,
mempromosikan produk properti milik Perseroan, serta juga           and also collaborates with well-known influencers to invite the
menggandeng influencer ternama untuk mengajak masyarakat            public to attend Company product launch events and marketing
menghadiri acara peluncuran produk dan kegiatan marketing           activities.
Perseroan.


Sejalan dengan berkembangnya kebutuhan masyarakat akan              In line with the growing public needs for comfortable and
hadirnya properti atau kawasan yang nyaman dan ramah                environmentally friendly properties or areas, the Company is
lingkungan, Perseroan berkomitmen untuk terus melanjutkan           committed to continuing various innovations carried out and to
berbagai inovasi yang telah dilakukan dan mengembangkan             developing new ideas that are relevant to property business.
ide-ide baru yang relevan dengan bisnis properti.


Dengan berfokus pada pengembangan strategi inovasi produk           By focusing on developing responsible product innovation
dan pemasaran yang bertanggung jawab, Perseroan optimistis          strategy and marketing, the Company is optimistic to be able
akan mampu menjalankan operasional dalam skala yang lebih           to carry on operations on large scale and achieve business
besar dan meraih peluang bisnis yang datang dengan tantangan        opportunities that will come with challenges in Indonesia’s
di pasar properti dan real estat Indonesia.                         property and real estate markets.


Evaluasi Atas Keamanan                                              Evaluation on Product
Produk dan/atau Layanan                                             and/or Service Security
Keamanan pelanggan yang datang atau mengunjungi area                The safety of customers who come or visit property areas
properti atau kawasan yang dikelola oleh Perseroan maupun           managed by the Company and its Business Units is always a
Unit Usaha senantiasa menjadi prioritas. Untuk memastikan hal       priority. To ensure this, the Company implements Standard
ini, Perseroan menerapkan Standard Operating Procedure (SOP)        Operating Procedures (SOP) and Minimum Service Standards
dan Standar Pelayanan Minimal (SPM) di masing-masing properti.      (SPM) at each property.


Dalam upaya memperkuat sistem perlindungan bagi pelanggan,          In the effort to strengthen the protection system for customers,
Perseroan secara berkala menjalankan berbagai program               the Company periodically conducts various programs to
untuk memastikan keamanan, keselamatan dan kenyamanan               ensure customers’ security, safety and convenience, as well
pelanggan, serta memastikan fasilitas, bangunan, dan area yang      as to ensure that the facilities, buildings, and areas managed
dikelola Perseroan sudah memenuhi standar sertifikasi nasional      by the Company comply with applicable national certification
yang berlaku. Sementara itu untuk memastikan hadirnya produk        standards. Meanwhile, to ensure the presence of the Company’s
Perseroan yang aman dan nyaman bagi pengunjung, Perseroan           products that are safe and comfortable for visitors, the Company
juga secara konsisten melakukan upaya-upaya berikut ini:            also consistently takes on such efforts as the following:
1.   Taman Rekreasi                                                 1.     Amusement Park
     Seluruh Taman Rekreasi yang dikelola Perseroan merupakan              All Amusement Park managed by the Company are
     area rekreasi yang memiliki wahana bermain untuk berbagai             recreational areas with play grounds for various age group
     segmen kelompok usia baik tua, muda, maupun anak-anak.                segments, old, young and children. The Company ensures
     Perseroan memastikan seluruh wahana yang beroperasi di                that all game rides operating in each Amusement Park
     setiap area Taman Rekreasi memiliki tingkat keamanan dan              retains high safety and comfort for every visitor.
     kenyamanan yang tinggi bagi setiap pengunjung.




                                                                                                        2023 Annual Report Bakrieland          235
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            Kilas Kinerja                        Profil Perusahaan                    Laporan Manajemen                   Unit Pendukung Bisnis
       Performance Highlights                     Corporate Profile                   Management Report                    Business Support Unit




           Setiap harinya, Tim K3 bersama dengan Departemen                         On a daily basis, the OHS Team together with Maintenance
           Maintenance melakukan trial test run pada setiap                         Department conduct trial test runs on each of the rides
           wahana sebelum jam operasional. Hal ini dilakukan untuk                  before operational hours. This is carried out to assure
           memastikan kesigapan para petugas K3 dalam melakukan                     the readiness of the OHS staff, when needed, to perform
           pertolongan pertama jika terjadi kecelakaan agar dapat                   first aid should an accident occur so that follow-ups may
           ditindaklanjuti secara cepat, tepat, dan cermat.                         be taken quickly, accurately and carefully.


           Apabila selama proses trial test run berlangsung ditemukan               If during the trial test runs there are rides found not in
           adanya wahana yang tidak layak untuk beroperasi di hari                  suitable conditions to operate on that day, then according
           tersebut, maka sesuai SOP yang berlaku, para petugas                     to the applicable SOP, all staff must immediately take action
           segera melakukan tindakan perbaikan yang diperlukan                      to repair the concerned rides as necessary. For this purpose,
           terhadap wahana yang bersangkutan. Untuk itu, Perseroan                  the Company assigns the best staff at all Amusement Park,
           telah menempatkan staf-staf terbaik di seluruh Taman                     including the emergency response team and Lifeguard
           Rekreasi termasuk tim tanggap darurat dan Lifeguard                      tasked to monitor and safeguard the play grounds and
           yang bertugas memantau dan menjaga area permainan                        maintain the quality of swimming pools before operations
           serta menjaga kualitas kolam sebelum operasional dimulai                 begin every day.
           setiap harinya.


           Aktivitas pemeliharaan berkala pada Taman Rekreasi                       Regular maintenance activities at the Amusement Park
           juga dilakukan secara konsisten oleh para teknisi andal.                 are also consistently carried out by reliable technicians.
           Khusus untuk Taman Rekreasi yang memiliki fauna, petugas                 Specifically for Amusement Park with animals, staff on duty
           melakukan pemeriksaan kesehatan fauna setiap hari.                       examine the animals’ health every day.


           Dalam rangka memberikan kenyamanan kepada para                           In the context of providing comfort to customers, the
           pengunjung, Taman Rekreasi juga menyediakan fasilitas                    Amusement Park also facilitate other amenities including
           lainnya seperti fasilitas beribadah, fasilitas kesehatan (klinik,        prayer rooms, health clinics (with oxygen, wheelchairs, golf
           oksigen, kursi roda, golf cart, stroller dan sebagainya), hingga         carts, strollers and others), up to secured and convenient
           tempat parkir yang aman dan nyaman.                                      parking spaces.


      2.   Hotel                                                               2.   Hotel
           Perseroan senantiasa memprioritaskan kenyamanan,                         The Company always prioritizes the comfort, security and
           keamanan, dan keselamatan para tamu hotel dengan                         safety of hotel guests by providing the best facilities and
           memberikan fasilitas serta pelayanan terbaik, seperti                    services, such as hotel amenities, swimming pools, meeting
           fasilitas hotel, kolam renang, ruang rapat dan area rekreasi             rooms and other recreation areas. The Company ensures
           lain. Perseroan juga memastikan semua hotel sudah                        that all hotels are equipped with various safety and healthy
           dilengkapi dengan berbagai fasilitas penunjang keselamatan               supporting facilities, such as wheelchairs, first aid kits, to
           dan kesehatan, seperti kursi roda, peralatan P3K, hingga                 in-house clinic services with doctors and nurses who are
           layanan in-house klinik dengan dokter dan perawat yang                   always ready at hand. Hotel units managed by the Company
           selalu siap siaga. Unit-unit hotel yang dikelola Perseroan               are assured of passing inspections as well as the Testing
           dipastikan telah lulus pemeriksaan serta Pengujian                       of Protection Systems and Equipment from the Regional
           Sistem Proteksi & Alat dari Pemadam Kebakaran Badan                      Disaster Management Agency (BPBD) Fire Department.
           Penanggulangan Bencana Daerah (BPBD).


      3.   Pusat Perbelanjaan                                                  3.   Shopping Center
           Manajemen Plaza Festival secara rutin melibatkan seluruh                 The Plaza Festival management routinely engages all
           penyewa dan pengunjung untuk berpartisipasi dalam                        tenants and visitors to participate in various safety and
           berbagai simulasi keselamatan dan kesehatan. Kegiatan                    health simulations. This activity is intended for visitors to
           ini bertujuan agar pengunjung memiliki tingkat kepedulian                have a high level of concern or care if something happens,




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Analisis dan Pembahasan Manajemen            Laporan Tata Kelola Perusahaan      Tanggung Jawab Sosial Perusahaan Terintegrasi/Laporan Keberlanjutan
Management Discussion and Analysis            Corporate Governance Report            Integrated Corporate Social Responsibility/Sustainability Report




     yang tinggi jika terjadi sesuatu hal, seperti bencana                    such as a fire, flood or earthquake. Plaza Festival has
     kebakaran, banjir, atau gempa bumi. Plaza Festival telah                 received the Fire Safety Certificate for DKI Jakarta Provincial
     memperoleh Sertifikat Keselamatan Kebakaran Dinas                        Fire Handling and Rescue Service.
     Penanggulangan Kebakaran dan Penyelamatan Provinsi
     DKI Jakarta.


4.   Gedung Perkantoran                                                4.     Office Building
     Perseroan      memastikan       semua   bangunan     gedung              The Company ensures that all office buildings managed
     perkantoran yang dikelola Unit Usaha sudah memenuhi                      by the Business Units meet applicable national and
     kriteria standar keamanan nasional dan internasional yang                international safety standards criteria, including fire,
     berlaku, antara lain standar keamanan kebakaran, banjir,                 flood and earthquake security standards. The Company
     dan gempa bumi. Perseroan juga melengkapi produk                         also equips office buildings with various health facilities
     gedung perkantoran dengan berbagai sarana dan prasarana                  and infrastructure such as oxygen cylinders, wheelchairs
     kesehatan seperti tabung oksigen, kursi roda dan peralatan               and first aid equipment. The Company routinely measures
     P3K. Perseroan secara rutin melakukan pengukuran kualitas                air quality in public areas to ensure that the air quality in
     udara di area publik untuk memastikan kualitas udara dalam               buildings is always within predetermined threshold values.
     gedung senantiasa dalam nilai ambang batas yang telah
     ditentukan.


Dengan menerapkan berbagai inisiatif tindakan preventif hingga         By implementing various preventive action initiatives for
evaluasi keamanan yang menyeluruh di semua properti milik              comprehensive security assessment in all properties owned
Perseroan, maka dapat disimpulkan bahwa seluruh produk yang            by the Company, then it may be concluded that all products
dibangun dan dikelola Perseroan telah 100% memenuhi standar            built and managed by the Company are 100% in compliance
keamanan dan regulasi yang berlaku serta sudah menerapkan              with security standards and applicable regulations as well as
sistem pengawasan yang ketat sehingga terjamin keamanannya.            having implemented a strict surveillance system that guarantees
Pada tahun 2023, tidak terdapat insiden ketidakpatuhan yang            security. In 2023, there were no incidents of non-compliance
sehubungan dengan dampak keamanan produk bagi pelanggan.               related to product security that had an impact on customers.


Dampak Positif dan/atau Negatif dari                                   Positive and/or Negative Impact from
Layanan Berkelanjutan yang Ditawarkan                                  Continuous Services Offered
Dengan berbekal pengalaman matang dalam menjalankan                    Equipped with mature experience in running the property
bisnis pengembangan properti selama lebih dari beberapa                development business for more than several decades, the
dekade, Perseroan meyakini seluruh properti yang telah                 Company believes that all properties which have been widely
dipasarkan secara luas dan diterima dengan baik oleh                   marketed and well received by the public have contributed
publik turut berkontribusi dalam memajukan peradaban                   to advancing civilization and reviving the national economy.
dan membangkitkan perekonomian nasional. Produk taman                  Amusement park products, shopping centers, hotels and office
rekreasi, pusat perbelanjaan, perhotelan, dan gedung                   buildings which are the Company’s core portfolio are believed
perkantoran yang merupakan portofolio inti Perseroan diyakini          to have provided many benefits and have had a sustainable
memberikan banyak manfaat dan membawa dampak positif                   positive impact positive impact on the users.
yang berkelanjutan bagi para penggunanya.


Sesuai dengan kebijakan dan prosedur internal yang berlaku,            In accordance with applicable internal policies and procedures, to
untuk memastikan keamanan produk maka identifikasi atas                ensure product safety, identification of the positive or negative
dampak positif atupun negatif dari masing-masing properti              impact of each property is implemented carefully before the
sudah dilakukan secara seksama sebelum produk tersebut                 products are launched on the market. Backed by a team of
diluncurkan ke pasar. Dengan didukung oleh tim ahli yang               experts who carry out comprehensive research activities, the
melakukan aktivitas riset secara komprehensif, Perseroan               Company has the ability to perform an independent assessment
memiliki kemampuan untuk melakukan penilaian mandiri atas              of the impact from products and/or services that will be
dampak dari produk dan/atau layanan yang akan diluncurkan.             launched.




                                                                                                           2023 Annual Report Bakrieland          237
Page 240
            Kilas Kinerja                     Profil Perusahaan                Laporan Manajemen                   Unit Pendukung Bisnis
       Performance Highlights                  Corporate Profile               Management Report                    Business Support Unit




      Selain terus berupaya meningkatkan dampak positif yang             Apart from always striving to improve the continuous positive
      berkelanjutan bagi para pemangku kepentingan, Perseroan juga       impact for stakeholders, the Company also realizes that business
      menyadari bahwa kegiatan usaha yang dijalankan sehari-hari         activities conducted daily are attached with various risk factors
      tidak lepas dari berbagai faktor risiko yang rentan membawa        that prone to generate negative impacts, such as work incidents,
      dampak negatif, seperti kecelakaan kerja, pencemaran               pollution in the surrounding environment caused by improper
      lingkungan sekitar akibat pengelolaan limbah yang kurang           handling of waste, and weak surveillance on the playground
      baik, dan lemahnya pengawasan terhadap wahana-wahana yang          rides available at the amusement park. To minimize the risk
      tersedia di taman rekreasi. Untuk meminimalkan dampak risiko       impact that may occur at any time, the Company ensures that
      yang mungkin terjadi sewaktu-waktu, Perseroan memastikan           all products and services which have been commercialized have
      bahwa seluruh produk dan jasa yang sudah dikomersialisasikan       passed a strict risk management review.
      telah melalui proses penelaahan manajemen risiko yang ketat.


      Jumlah Produk dan/atau                                             Number of Products and/or Services
      Layanan yang Ditarik dari Pasar                                    Withdrawn from the Market
      Selama tahun 2023, tidak terdapat kejadian penarikan atau          During the year 2023, there were no withdrawals or closures
      penutupan atas aset-aset properti yang dimiliki Perseroan.         of property assets owned by the Company.


      Kebijakan Kompensasi dan Kualitas Produk                           Policy on Compensation
                                                                         and Quality of Products
      Sebagai perwujudan dari tanggung jawab perusahaan terhadap         As the manifestation of the Company’s responsibility towards
      produk dan perlindungan terhadap pelanggan, Perseroan              products and the protection of customers, the Company is
      berkomitmen penuh untuk selalu mematuhi peraturan                  fully committed to always complying with applicable laws and
      perundangan yang berlaku terkait jaminan pemeliharaan,             regulations related to maintenance guarantee, quality, and
      kualitas, dan kompensasi atas keterlambatan serah terima,          compensation of handover delays, which cover the following:
      mencakup hal-hal sebagai berikut:
      1.   Memberikan layanan berkomunikasi dengan konsumen              1.   Provide services to communicate with consumers in accordance
           sesuai dengan pasal 7 butir cc Undang-Undang Perlindungan          with article 7 point cc of Consumer Protection Law (UUPK),
           Konsumen (UUPK) yaitu memperlakukan atau melayani                  namely to treat or service appropriately, honestly and non-
           secara benar, jujur, dan tidak diskriminatif;                      discriminatively;
      2.   Memberikan informasi jika terjadi keterlambatan proyek        2.   Provide information if a project delay occurs in accordance
           sesuai dengan ketentuan pasal 7 butir b UUPK mengenai              with provisions in article 7 point b of UUPK regarding the
           perubahan tanggal serah terima unit yang tercantum dalam           change in the unit handover date stated in the Purchase
           Surat Pesanan;                                                     Order letter;
      3.   Memberikan kompensasi berupa denda keterlambatan              3.   Provide compensation in the form of late charges/penalty
           untuk konsumen dalam hal serah terima unit tidak sesuai            for consumers in the event unit handover is not according
           dengan jadwal yang sudah dijanjikan; dan                           to schedule as promised; and
      4.   Memberikan jaminan masa pemeliharaan/perbaikan atas           4.   Provide a guarantee period for maintenance/repair on house
           unit rumah atau bangunan yang telah diserahkan kepada              or building units that have been handed-over to customers,
           konsumen, sebagaimana dinyatakan dalam Perjanjian                  as stated in the Sale and Purchase Binding Agreement (PPJB)
           Pengikatan Jual Beli (PPJB) antara Perseroan dan pelanggan.        between the Company and customers.


      Kebijakan Kompensasi dan                                           Policy on Compensation and
      Kualitas Taman Rekreasi                                            Quality of Amusement Park
      Dalam mengembangkan bisnis taman rekreasi, Perseroan               In developing the amusement park business, the Company
      berfokus untuk memberikan rasa nyaman dan aman kepada              focuses on providing a sense of comfort and security to visitors,
      para pengunjung, misalnya dengan memberikan layanan asuransi       for example by providing insurance services for each visitor.
      bagi setiap pengunjung. Saat ini, Perseroan telah memiliki SOP     Currently, the Company has the SOP on handling victims to be
      penanganan korban yang digunakan sebagai panduan bagi para         used as guidelines for field officers to remain alert in handling
      petugas lapangan agar tetap sigap dalam menangani kasus            accident cases at amusement park areas, especially if further
      kecelakaan di area taman rekreasi terutama apabila diperlukan      action is required.
      tindakan lanjutan.


238    Bakrieland Laporan Tahunan 2023
Page 241
Analisis dan Pembahasan Manajemen           Laporan Tata Kelola Perusahaan        Tanggung Jawab Sosial Perusahaan Terintegrasi/Laporan Keberlanjutan
Management Discussion and Analysis           Corporate Governance Report              Integrated Corporate Social Responsibility/Sustainability Report




Setelah mendapatkan pertolongan pertama di klinik, General            After receiving the first treatment at the clinic, the General
Affairs Department dan Guest Service akan mengantarkan                Affairs Department and Guest Service will take the victim to
korban ke rumah sakit terdekat dengan membawa surat jaminan           the nearest hospital with bringing a guarantee letter from the
dari Perseroan untuk memastikan segala bentuk tindakan                Company to ensure all forms of required medical actions can
penanganan medis yang dibutuhkan dapat dilakukan dengan               be quickly taken. Subsequently, the Company will claim to the
cepat. Selanjutnya, Perseroan akan melakukan klaim ke asuransi        insurance by submitting all documents required at the latest by
dengan menyertakan dokumen yang disyaratkan selambat-                 3x24 hours following the occurrence of the accident.
lambatnya 3x24 jam setelah terjadinya kecelakaan.


Mengutamakan Keamanan, Keselamatan,                                   Prioritizing Customers’ Security,
dan Kenyamanan Pelanggan                                              Safety, and Convenience
Perseroan secara berkala menjalankan berbagai program terkait         The Company periodically conducts various programs related to
K3 untuk memastikan keamanan, keselamatan dan kenyamanan              OHS to ensure customers’ security, safety and convenience, as
pelanggan, serta memastikan fasilitas, bangunan dan area yang         well as to ensure that facilities, buildings and areas managed by
dikelola Perseroan dan Unit Usaha sudah memenuhi standar              the Company and Business Units have complied with applicable
sertifikasi nasional yang berlaku. Disamping itu, Perseroan juga      national certification standards. In addition, the Company also
secara konsisten memberikan edukasi safety kepada seluruh             consistently provides safety education to all customers through
pelanggan melalui media sosial agar tidak terjadi insiden             social media so that dangerous incidents do not occur in the
berbahaya di kawasan properti Perseroan.                              Company’s property areas.


Pada tahun 2023, Perseroan telah merealisasikan anggaran              In 2023, the Company actualized a total of Rp3.5 billion of budget
biaya sebesar Rp3,5 miliar untuk memastikan terselenggaranya          costs to ensure that business activities on safe and convenient
kegiatan usaha pengembangan properti yang aman dan nyaman             property development for consumers are implemented.
bagi pelanggan.


Kinerja K3 Pelanggan Tahun 2023                                       Performance of Customer OHS in 2023
Perseroan menggunakan standar pencatatan kinerja K3 dengan            The Company uses OHS performance recording standards
uraian sebagai berikut:                                               described below:
1.   Near Miss: suatu kejadian yang nyaris terjadi kecelakaan         1.     Near Miss: an incident that nearly causes an accident or
     atau potensi berakibat terjadinya kecelakaan yang ditangani             potentially causing an accident is handled with various
     dengan berbagai antisipasi agar tidak adanya insiden;                   precautions so that there is no accident;
2.   Non-Recordable Incident: insiden kecelakaan ringan yang          2.     Non-Recordable Incident: a minor accident that can be
     dapat ditangani dengan prosedur pertolongan pertama (P3K);              handled with first aid procedures (P3K);
3.   Recordable Incident: insiden kecelakaan yang membutuhkan         3.     Recordable Incident: an accident that require further
     penanganan lebih dari prosedur pertolongan pertama; dan                 treatment from first aid procedures; and
4.   Fatalities: insiden kecelakaan yang mengakibatkan pada           4.     Fatalities: an accident that causes death.
     kematian.
Sampai dengan akhir tahun 2023, Perseroan mencatat 38 insiden         Up until the end of 2023, the Company recorded 38 recordable
berat, 308 insiden ringan, 363 near miss dan 0 fatalities. Seluruh    incident, 308 non-recordable incident, 363 near-miss and 0
insiden kecelakaan kerja tersebut berhasil ditangani dengan           fatalities. All incidents of work accident were successfully
baik oleh Tim K3 dan on-site klinik di masing-masing Unit Usaha.      handled well by OHS Team and on-site clinic at each Business
                                                                      Unit.
                                                                                              Jumlah Insiden
                        Tipe Insiden                                                         Number of Incident
                       Type of Incident
                                                                        2023                         2022                      2021
 Near Miss                                                                 363                        476                       362
 Insiden Ringan                                                            308                        408                       229
 Non-Recordable
 Insiden Berat                                                               38                        23                         10
 Recordable
 Kematian                                                                     0                          0                         0
 Fatality



                                                                                                             2023 Annual Report Bakrieland         239
Page 242
            Kilas Kinerja                      Profil Perusahaan              Laporan Manajemen                  Unit Pendukung Bisnis
       Performance Highlights                   Corporate Profile             Management Report                   Business Support Unit




      Pusat Pengaduan Pelanggan                                         Customer Complaint Center
      Perseroan meyakini bahwa tingkat kepercayaan dan loyalitas        The Company believes that the high level of trust and loyalty
      pelanggan yang tinggi merupakan fondasi untuk meraih              of the customers is the foundation to achieving great business
      kesuksesan bisnis yang hebat di masa depan.                       success in the future.


      Berangkat dari kesadaran akan hal ini, maka Perseroan             Based on this awareness, the Company provides official
      menyediakan media pengaduan resmi yang dapat diakses oleh         complaint media that can be accessed by all customers to submit
      seluruh pelanggan untuk menyampaikan keluhan, saran, maupun       complaints, suggestions and criticisms regarding the Company’s
      kritik mengenai produk dan pelayanan Perseroan, yaitu melalui:    products and services, namely through the following:
      1.   PT Bakrie Swasakti Utama: 021-52920090;                      1.   PT Bakrie Swasakti Utama: 021-52920090;
      2.   PT Graha Andrasentra Propertindo Tbk: 0251- 8211290; dan     2.   PT Graha Andrasentra Propertindo Tbk: 0251- 8211290; dan
      3.   PT Krakatau Lampung Tourism Development: 021- 57942157.      3.   PT Krakatau Lampung Tourism Development: 021- 57942157.


      Selain mengoptimalkan kanal pengaduan yang tersedia,              Apart from optimizing existing complaint channels, the Company
      Perseroan juga memperlengkapi tiap-tiap produk dengan             also equipped each product with a work unit that carries out
      unit kerja yang menjalankan fungsi penanganan keluhan             the function to directly handling customer complaints. The
      pelanggan secara langsung. Perseroan memiliki unit kerja Estate   Company has the Estate Management work unit that provides
      Management yang menyediakan personel Customer Service             personal Customer Service specifically to receive customer
      khusus untuk menerima pengaduan pelanggan dari produk             complaints from office, residential and apartment products.
      kantor, residensial dan apartemen. Sedangkan untuk produk         As for hotels, shopping center, amusement parks and food &
      hotel, mal, taman hiburan dan food & beverages, Perseroan         beverages products, the Company provides Customer Care
      menyediakan unit kerja Customer Care.                             work unit.


      Pengukuran Keluhan dan                                            Measuring Customer
      Kepuasan Pelanggan                                                Complaint and Satisfaction
      Perseroan menerima dengan baik semua kritik atau masukan          The Company accepts all criticisms or feedbacks submitted by
      yang disampaikan oleh para pelanggan sebagai acuan untuk          customers as a reference to take steps for further improvements.
      melakukan langkah-langkah perbaikan kedepannya. Perihal           When handling customer complaints, the Company has special
      penanganan keluhan pelanggan, Perseroan sudah memiliki            procedures for each complaint recorded in the customer
      prosedur khusus atas setiap pengaduan yang terekam dalam          complaint channel.
      saluran keluhan pelanggan.


      Hingga akhir 2023, sebanyak 99,97% keluhan pelanggan telah        Until the end of 2023, 99.97% of customer complaints were
      ditindaklanjuti oleh tim terkait di masing-masing Unit Usaha.     followed-up by the related tim at each Business Unit, as per
      Berikut adalah data pengukuran:                                   the data below:

                                   Uraian
                                                                         2023                     2022                    2021
                                 Description
       Jumlah Keluhan                                                   3.352                     3.257                  3.541
       Number of Complaint
       Keluhan yang Tertangani                                          3.351                     3.249                  3.496
       Complaints Handled
       Keluhan dalam Proses Penyelesaian                                     1                       8                       26
       Complaints in Resolving Process




240    Bakrieland Laporan Tahunan 2023
Page 243
Analisis dan Pembahasan Manajemen                Laporan Tata Kelola Perusahaan        Tanggung Jawab Sosial Perusahaan Terintegrasi/Laporan Keberlanjutan
Management Discussion and Analysis                Corporate Governance Report              Integrated Corporate Social Responsibility/Sustainability Report




Perseroan memastikan semua laporan aduan atau keluhan yang                 The Company ensures that all complaint reports received
diterima melalui kanal pengaduan senantiasa ditindaklanjuti                through the complaint channel are always followed-up in
sesuai dengan Service Level Agreement (SLA) yang berlaku di                accordance with the Service Level Agreement (SLA) applicable
internal.                                                                  internally


Di sisi lain, Perseroan juga secara konsisten melakukan survei             On the other hand, the Company also consistently conducts
langsung kepada pelanggan dan memantau berbagai platform                   direct surveys to customers and monitors various independent
independen yang terkait dengan produk, layanan dan pelanggan               platforms related to the Company’s products, services and
Perseroan. Berikut ini merupakan data rekapitulasi kepuasan                customers.        Following is recapitulated data on customer
pelanggan pada produk Perseroan:                                           satisfaction on Company’s products:


Hotel
Hotel

                    1% 1%                                         4% 2%                                                     22%
               5%
                                                       11%                                               69%

    15%

                                                                                                                                          6%
                    2023                                           2022                                             2021
                                                                                                                                         2%
                                                                                                                                         1%
                                                    26%
                                     78%                                                57%




                                Sangat Puas           Puas           Rata-rata           Buruk       Sangat Buruk
                                Very Satisfied        Satisfied      Average             Poor        Very Poor


Mal
Shopping Center


                 2%1% 6%                                            2% 1%                                          2% 1% 6%
                                                                                  6%


  20%                                               21%                                              20%



                  2023                                               2022                                           2021


                                     71%                                                70%                                          71%



                                Sangat Puas           Puas           Rata-rata           Buruk       Sangat Buruk
                                Very Satisfied        Satisfied      Average             Poor        Very Poor




                                                                                                                 2023 Annual Report Bakrieland           241
Page 244
            Kilas Kinerja                    Profil Perusahaan                   Laporan Manajemen                 Unit Pendukung Bisnis
       Performance Highlights                 Corporate Profile                  Management Report                  Business Support Unit




      Taman Rekreasi
      Amusement Park


                     2% 1%                                         2%1%                                       2% 1%
           11%                                                                                        17%
                                   24%                 13%
                                                                                    31%
                                                                                                                                 29%

                     2023                                          2022                                       2021

                                     62%              53%
                                                                                                     51%



                                    Sangat Puas        Puas          Rata-rata      Buruk      Sangat Buruk
                                    Very Satisfied     Satisfied     Average        Poor       Very Poor


      Apartemen
      Apartment

                     4% 2%                                         4% 2%                                      6%
                                                                                                       7%
                                   31%
         31%                                                                                                                   29%

                                                                                       32%
                                                     29%
                       2023                                         2022                                      2021

                                                                                                29%                             29%
                                     32%
                                                                                 33%


                                    Sangat Puas        Puas          Rata-rata      Buruk      Sangat Buruk
                                    Very Satisfied     Satisfied     Average        Poor       Very Poor




      Rencana Pengembangan Praktik                                         Plans on Sustainability Practices
      Keberlanjutan                                                        Development
      Memandang ke depan, Perseroan akan terus melakukan                   Looking ahead, the Company will continue to monitor various
      pemantauan atas berbagai regulasi terkait praktik keberlanjutan      regulations related to sustainability practices that impact the
      yang berdampak pada Perusahaan sebagai basis pengembangan            Company as the basis for subsequent developments.
      selanjutnya.




242    Bakrieland Laporan Tahunan 2023
Page 245
Lembar Feedback untuk Laporan Keberlanjutan Tahun 2023
Feedback Form for Sustainability Report 2023

Lembar Umpan Balik                                                                                                    Feedback Form
Terima kasih atas kesediaan Bapak/Ibu/Saudara/Saudari                                                                 Thank you for your willingness to read the 2023 Sustainability
untuk membaca Laporan Keberlanjutan PT Bakrieland                                                                     Report of PT Bakrieland Development Tbk. To improve the
Development Tbk                      tahun           2023.           Untuk           meningkatkan                     transparency of sustainability performance and as evaluation
transparansi kinerja keberlanjutan dan sebagai bahan evaluasi                                                         material in preparing the Sustainability Report for the following
dalam penyusunan Laporan Keberlanjutan tahun berikutnya,                                                              years, we hope you will fill out the provided Feedback Form
kami mengharapkan kesediaan Bapak/Ibu/Saudara/Saudari                                                                 and send it back to us by email or post mail.
untuk mengisi Lembar Umpan Balik yang telah disiapkan dan
mengirimkan kembali kepada kami melalui email atau pos.


Nama                                    : ...................................................................         E-mail                  : ...................................................................
Name                                                                                                                  E-mail


Institusi/Perusahaan : ...................................................................                            Telp/HP                 : ...................................................................
Institution/Company                                                                                                   Phone/HP

Ketagori Pemangku Kepentingan		
Stakeholders Category

          Pemerintah I Government                                         LSM I NGO                                                        Akademik I Academic

          Perusahaan I Company                                            Masyarakat I Community                                           Lain-lain I Others (.................................)

          Media I Media
Mohon pilih jawaban yang paling sesuai
Please choose the most appropriate answer

1.     Apakah laporan ini sudah menggambarkan kinerja Perseroan dalam berkontribusi pada pembangunan berkelanjutan?
       Does this report have described the Company’s performance in contributing to the sustainable development?
              Ya I Yes                   Tidak I No


2.     Apakah laporan ini bermanfaat bagi Anda?
       Is this report useful to you?
              Ya I Yes                   Tidak I No


3.     Apakah laporan ini mudah dimengerti?
       Is this report easy to understand?
              Ya I Yes                   Tidak I No


4.     Apakah laporan ini menarik?
       Is this report interesting?
              Ya I Yes                   Tidak I No


Mohon berikan saran/usul/komentar anda atas laporan ini:
Kindly provide your advice/suggestion/comment on this report:
.....................................................................................................................................................................................................................................
.....................................................................................................................................................................................................................................

Mohon kirimkan kembali lembar ini ke:
Please send back this sheet to the following:
PT Bakrieland Development Tbk
Wisma Bakrie 1, 6th floor
Jl. HR Rasuna Said Kav. B-1
Jakarta, 12920
T : (021) 525 7835
F : (021) 522 5063
E : corporate.info@bakrieland.com
Page 246
Surat Pernyataan
Dewan Komisaris dan Direksi
Statement from the Board of Commissioners
and the Board of Directors
Yang bertanda tangan di bawah ini telah membaca dan         The undersigned have read and duly examined and approved
memeriksa dengan seksama serta menyetujui isi dari naskah   the Annual Report of the Company for the year 2023, which
Buku Laporan Tahunan Perusahaan tahun 2023, yang di         includes the Financial Statements for the year 2023.
dalamnya juga memuat Laporan Keuangan Perusahaan untuk
tahun buku 2023.




                                                Dewan Komisaris
                                              Board of Commissioners




        Armansyah Yamin                     Bambang Irawan Hendradi                     Kanaka Puradiredja
            Komisaris                          Presiden Komisaris                      Komisaris Independen
          Commissioner                       President Commissioner                 Independent Commissioner




                                                      Direksi
                                                 Board of Directors




            Fandrizal                           Ambono Janurianto                           Djafarullah
             Direktur                            Presiden Direktur                           Direktur
             Director                            President Director                          Director
Page 247
Analisis dan Pembahasan Manajemen                Laporan Tata Kelola Perusahaan        Tanggung Jawab Sosial Perusahaan Terintegrasi/Laporan Keberlanjutan
Management Discussion and Analysis                Corporate Governance Report              Integrated Corporate Social Responsibility/Sustainability Report




Referensi SEOJK Nomor 16/ SEOJK.04/2021:
Laporan Tahunan Emiten atau Perusahaan Publik
SEOJK No. 16/SEOJK.04/2021: Annual Report of Public Company

                                                                    Halaman
                              Keterangan                                                                        Description
                                                                     Page

  I.   Ketentuan Umum                                                             I.    General Provision
       1.   Dalam Surat Edaran Otoritas Jasa Keuangan ini yang                               In this Financial Services Authority Circular Letter what
                                                                                        1.
            dimaksud dengan:                                                                 is meant by:
            a.   Laporan Tahunan adalah laporan                                              a.   The Annual Report is a report on the Board
                 pertanggungjawaban Direksi dan Dewan                                             of Directors and Board of Commissioners
                 Komisaris dalam melakukan pengurusan dan                                         accountability in managing and supervising issuers
                 pengawasan terhadap emiten atau perusahaan                                       or public companies within a period of 1 (one)
                 publik dalam kurun waktu 1 (satu) tahun buku           √                         fiscal year to the general meeting of shareholders
                 kepada rapat umum pemegang saham yang                                            prepared based on the provisions of the Financial
                 disusun berdasarkan ketentuan dalam Peraturan                                    Services Authority Regulation concerning the Annual
                 Otoritas Jasa Keuangan mengenai Laporan                                          Report of issuers or public companies
                 Tahunan emiten atau perusahaan publik.
            b.   Emiten adalah pihak yang melakukan penawaran                                b.   Issuers are parties who make public offerings
                                                                        √
                 umum.
            c.   Perusahaan Publik adalah perseroan yang                                     c.   A Public Company is a company whose shares
                 sahamnya telah dimiliki paling sedikit oleh 300                                  are owned by at least 300 (three hundred)
                 (tiga ratus) pemegang saham dan memiliki modal                                   shareholders and has a paid-up capital of at least
                 disetor paling sedikit Rp3.000.000.000,00 (tiga        √                         Rp3,000,000,000.00 (three billion rupiah) or a
                 miliar rupiah) atau suatu jumlah pemegang                                        number of shareholders and paid-up capital as
                 saham dan modal disetor yang ditetapkan oleh                                     determined by the Financial Services Authority
                 Otoritas Jasa Keuangan.
            d.   Perusahaan Terbuka adalah Emiten yang telah                                 d.   A Public Company is an Issuer that has made a public
                 melakukan penawaran umum efek bersifat                 √                         offering of equity securities or a Publically- listed
                 ekuitas atau Perusahaan Publik.                                                  Company
            e.   Laporan Keberlanjutan (Sustainability Report)                               e.   A Sustainability Report is a report published to the
                 adalah laporan yang diumumkan kepada                                             public that contains the economic, financial, social,
                 masyarakat yang memuat kinerja ekonomi,                                          and environmental performance of a financial
                                                                        √
                 keuangan, sosial, dan lingkungan hidup suatu                                     service institution, Issuer, and Public Company in
                 lembaga jasa keuangan, Emiten, dan Perusahaan                                    running a sustainable business
                 Publik dalam menjalankan bisnis berkelanjutan.
            f    Direksi:                                               √                    f    Board of Directors:
                 1)   bagi Emiten atau Perusahaan Publik                                               1)   For an Issuer or a Public Company in the
                      berbentuk badan hukum perseroan terbatas                                              form of a limited liability company, it is the
                      adalah Direksi sebagaimana dimaksud                                                   Board of Directors as referred to in the
                      dalam Peraturan Otoritas Jasa Keuangan            √                                   Financial Services Authority Regulation
                      mengenai Direksi dan Dewan Komisaris                                                  concerning the Board of Directors and
                      Emiten atau Perusahaan Publik; dan                                                    Board of Commissioners of an Issuer or
                                                                                                            Public Company; and
                 2)   bagi Emiten atau Perusahaan Publik                                               2)   For an Issuer or a Public Company in the
                      berbentuk badan hukum selain perseroan                                                form of a legal entity other than a limited
                      terbatas adalah organ yang melaksanakan                                               liability company, it is the body that carries
                      pengurusan badan hukum tersebut                   √                                   out the management of the legal entity
                      sebagaimana dimaksud dalam peraturan                                                  as referred to in the laws and regulations
                      perundang- undangan mengenai badan                                                    concerning the legal entity.
                      hukum tersebut.
            g.   Dewan Komisaris:                                       √                    g.   Board of Commissioners:
                 1)   bagi Emiten atau Perusahaan Publik                                               1)   For an Issuer or a Public Company in the
                      berbentuk badan hukum perseroan terbatas                                              form of a limited liability company, the
                      adalah Dewan Komisaris sebagaimana                                                    Board of Commissioners as referred to in
                      dimaksud dalam Peraturan Otoritas Jasa            √                                   the Financial Services Authority Regulation
                      Keuangan mengenai Direksi dan Dewan                                                   concerning the Board of Directors and
                      Komisaris Emiten atau Perusahaan Publik;                                              Board of Commissioners of an Issuer or
                      dan                                                                                   Public Company; and
                 2)   bagi Emiten atau Perusahaan Publik                                               2)   For the Issuer or Public Company in the
                      berbentuk badan hukum selain perseroan                                                form of a legal entity other than a limited
                      terbatas adalah organ yang melakukan                                                  liability company, it is the body that
                      pengawasan badan hukum tersebut                   √                                   supervises the legal entity as referred to
                      sebagaimana dimaksud dalam peraturan                                                  in the laws and regulations concerning the
                      perundang- undangan mengenai badan                                                    legal entity.
                      hukum tersebut.
            h.   Rapat Umum Pemegang Saham yang selanjutnya                                  h.   General Meeting of Shareholders hereinafter
                                                                        √
                 disingkat RUPS:                                                                  abbreviated as GMS:




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           Kilas Kinerja                             Profil Perusahaan              Laporan Manajemen                             Unit Pendukung Bisnis
      Performance Highlights                          Corporate Profile             Management Report                              Business Support Unit




                                                                          Halaman
                                     Keterangan                                                                   Description
                                                                           Page

                        1)   bagi Emiten atau Perusahaan Publik                                          1)   For an Issuer or a Public Company in the
                             berbentuk badan hukum perseroan terbatas                                         form of a limited liability company, it is
                             adalah RUPS sebagaimana dimaksud                                                 the GMS as referred to in the Financial
                             dalam Peraturan Otoritas Jasa Keuangan          √                                Services Authority Regulation concerning
                             mengenai Rencana dan Penyelenggaraan                                             the Planning and Organizing of the
                             Rapat Umum Pemegang Saham Perusahaan                                             General Meeting of Shareholders of a
                             Terbuka; dan                                                                     Public Company; and
                        2)   bagi Emiten atau Perusahaan Publik                                          2)   For an Issuer or Public Company in the
                             berbentuk badan hukum selain perseroan                                           form of a legal entity other than a limited
                             terbatas adalah organ yang mempunyai                                             liability company, it is the body that has
                             wewenang yang tidak diberikan kepada                                             authority that is not given to any other
                             organ yang melaksanakan fungsi                                                   body that carries out management and
                                                                             √
                             pengurusan dan fungsi pengawasan, dalam                                          supervisory functions, within the limits
                             batas yang ditentukan dalam peraturan                                            specified in the legislation and/or articles
                             perundang-undangan dan/atau anggaran                                             of association governing the legal entity.
                             dasar yang mengatur badan hukum
                             tersebut.
             2.   Laporan Tahuna Emiten atau Perusahaan Publik                                 The Annual Report of Issuers or Public Companies is
                  merupakan sumber informasi penting bagi investor                             an important source of information for investors or
                  atau pemegang saham sebagai salah satu dasar                                 shareholders as one of the basic considerations in
                                                                             √            2.
                  pertimbangan dalam pengambilan keputusan investasi                           making investment decisions and a means of supervision
                  dan sarana pengawasan terhadap Emiten atau                                   of Issuers or Public Companies.
                  Perusahaan Publik.
             3.   Seiring dengan perkembangan pasar modal dan                                  Along with the development of the capital market
                  meningkatnya kebutuhan investor atau pemegang                                and the increasing need for information disclosure by
                  saham atas keterbukaan informasi, Direksi dan Dewan                          investors or shareholders, the Board of Directors and the
                                                                             √            3.
                  Komisaris dituntut untuk menyajikan informasi yang                           Board of Commissioners are required to present quality,
                  berkualitas, akurat, dan akuntabel melalui Laporan                           accurate, and accountable information through the
                  Tahunan Emiten atau Perusahaan Publik.                                       Annual Reports of Issuers or Public Companies.
             4.   Laporan Tahunan yang disusun secara teratur dan                              Annual Reports that are prepared regularly and
                  informatif dapat memberikan kemudahan bagi                                   informatively can provide convenience for investors or
                  investor atau pemegang saham dan pemangku                  √            4.   shareholders and stakeholders in obtaining the required
                  kepentingan dalam memperoleh informasi yang                                  information.
                  dibutuhkan.
             5    Surat Edaran Otoritas Jasa Keuangan ini merupakan                            This Financial Services Authority Circular is a guideline
                  pedoman bagi Emiten atau Perusahaan Publik yang                              for Issuers or Public Companies that must be applied in
                                                                             √            5
                  wajib diterapkan dalam menyusun Laporan Tahunan                              preparing Annual Reports and Sustainability Reports.
                  dan Laporan Keberlanjutan.
      II.    Bentuk Laporan Tahunan                                                 II.   Format of Annual Report
             1.   Laporan Tahunan disajikan dalam bentuk dokumen                               Annual Report should be presented in the printed format
                                                                             √            1.
                  cetak dan salinan dokumen elektronik.                                        and in electronic document copy..
             2.   Laporan Tahunan yang disajikan dalam bentuk                                  The printed version of the Annual Report should be
                  dokumen cetak, dicetak pada kertas yang berwarna                             printed on light-colored paper of fine quality, in A4 size,
                                                                             √            2.
                  terang, berkualitas baik, berukuran A4, dijilid, dan                         bound and can be reproduced in good quality.
                  dapat diperbanyak dengan kualitas yang baik.
             3.   Laporan Tahunan dapat menyajikan informasi berupa                            The Annual Report may present information in the form
                  gambar, grafik, tabel, dan/atau diagram dengan                               of pictures, graphs, tables, and/or diagrams by including
                                                                             √            3.
                  mencantumkan judul dan/atau keterangan yang jelas,                           clear titles and/or descriptions, so that they are easy to
                  sehingga mudah dibaca dan dipahami.                                          read and understand.
             4.   Laporan Tahunan yang disajikan dalam bentuk salinan                          The Annual Report presented in electronic document
                  dokumen elektronik merupakan Laporan Tahunan               √            4.   format is the Annual Report converted into pdf format.
                  yang dikonversi dalam format pdf.
      III.   Isi Laporan Tahunan                                                    III. Content Of Annual Report
             1.   Laporan Tahunan paling sedikit memuat informasi                              Annual Report should contain at least the following
                                                                             √            1.
                  mengenai:                                                                    information:
                  a. Ikhtisar data keuangan penting;                         √                 a.   Summary of key financial information;
                  b. Informasi saham (jika ada);                             √                 b.   Stock information (if any);
                  c.   Laporan Direksi;                                      √                 c.   The Board of Directors report;
                  d. Laporan Dewan Komisaris;                                √                 d.   The Board of Commissioners report;
                  e. Profil Emiten atau Perusahaan Publik;                   √                 e.   Profile of Issuer or Public Company;
                  f.   Analisis dan pembahasan manajemen;                    √                 f.   Management discussion and analysis;
                  g. Tata kelola Emiten atau Perusahaan Publik;                                g.   Corporate governance applied by the Issuer or Public
                                                                             √
                                                                                                    Company;
                  h. Tanggung jawab sosial dan lingkungan Emiten                               h.   Corporate social and environmental responsibility of
                                                                             √
                     atau Perusahaan Publik;                                                        the Issuer or Public Company;
                  i.   Laporan keuangan tahunan yang telah diaudit; dan      √                 i.   Audited annual report; and




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Management Discussion and Analysis                    Corporate Governance Report         Integrated Corporate Social Responsibility/Sustainability Report




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                               Keterangan                                                                      Description
                                                                         Page

           j.   Surat pernyataan anggota Direksi dan anggota                                j.   Statement that the Board of Directors and the
                Dewan Komisaris tentang tanggung jawab atas                 √                    Board of Commissioners are fully responsible for the
                Laporan Tahunan;                                                                 Annual Report;
      2.   Uraian Isi Laporan Tahunan                                                  2.   Description of Content of Annual Report
           a. Ikhtisar Data Keuangan Penting                                                a.   Summary of Key Financial Information
                Ikhtisar Data Keuangan Penting memuat                                            Summary of Key Financial Information contains
                informasi keuangan yang disajikan dalam bentuk                                   financial information presented in comparison
                perbandingan selama 3 (tiga) tahun buku                                          with previous 3 (three) fiscal years or since
                atau sejak memulai usahanya jika Emiten atau                                     commencement of business if the Issuers or the
                Perusahaan Publik tersebut menjalankan kegiatan                                  Public Company commencing the business less than
                usahanya kurang dari 3 (tiga) tahun, paling sedikit                              3 (three) years, at least contain:
                memuat:
                1)    pendapatan/penjualan;                                                      1)   income/sales;
                2)    laba bruto;                                                                2)   gross profit;
                3)    laba (rugi);                                                               3)   profit (loss);
                4)    jumlah laba (rugi) yang dapat diatribusikan                                4)   total profit (loss) attributable to equity holders
                      kepada pemilik entitas induk dan                                                of the parent entity and non-controlling
                      kepentingan non pengendali;                                                     interest;
                5)    total laba (rugi) komprehensif;                                            5)   total comprehensive profit (loss);
                6)    jumlah laba (rugi) komprehensif yang dapat                                 6)   total comprehensive profit (loss) attributable
                      diatribusikan kepada pemilik entitas induk           16                         to equity holders of the parent entity and non
                      dan kepentingan non pengendali;                                                 controlling interest;
                7)    laba (rugi) per saham;                                                     7)   earning (loss) per share;
                8)    jumlah aset;                                                               8)   total assets;
                9)    jumlah liabilitas;                                                         9)   total liabilities;
                10)   jumlah ekuitas;                                                            10) total equities;
                11)   rasio laba (rugi) terhadap jumlah aset;                                    11) profit (loss) to total assets ratio;
                12)   rasio laba (rugi) terhadap ekuitas;                                        12) profit (loss) to equities ratio;
                13)   rasio laba (rugi) terhadap pendapatan/                                     13) profit (loss) to income ratio;
                      penjualan;
                14)   rasio lancar;                                                              14) current ratio;
                15)   rasio liabilitas terhadap ekuitas;                                         15) liabilities to equities ratio;
                16)   rasio liabilitas terhadap jumlah aset; dan                                 16) liabilities to total assets ratio; and
                17)   informasi dan rasio keuangan lainnya yang                                  17) other information and financial ratios relevant
                      relevan dengan Emiten atau Perusahaan                                          to the Issuer or Public Company and type of
                      Publik dan jenis industrinya;                                                  industry;
           b. Informasi Saham                                                               b.   Stock Information
                Informasi Saham (jika ada) paling sedikit memuat:                                Stock Information (if any) at least contains:
                1)    saham yang telah diterbitkan untuk setiap                                  1)   shares issued for each three-month period in
                      masa triwulan (jika ada) yang disajikan                                         the last 2 (two) fiscal years (if any), at least
                      dalam bentuk perbandingan selama 2 (dua)                                        covering:
                      tahun buku terakhir, paling sedikit meliputi:
                      a)   jumlah saham yang beredar;                                                 a)   number of outstanding shares;
                      b)   kapitalisasi pasar berdasarkan harga                                       b)   market capitalization based on the price
                           pada Bursa Efek tempat saham                                                    at the Stock Exchange where the shares
                           dicatatkan;                                                                     listed on;
                      c)   harga saham tertinggi, terendah, dan                                       c)   highest share price, lowest share price,
                           penutupan berdasarkan harga pada                                                closing share price at the Stock Exchange
                           Bursa Efek tempat saham dicatatkan;                                             where the shares listed on; and
                                                                           18
                           dan
                      d)   volume perdagangan pada Bursa Efek                                         d)   share volume at the Stock Exchange where
                           tempat saham dicatatkan;                                                        the shares listed on;
                      Informasi pada huruf a) diungkap oleh                                           Information in point a) should be disclosed by
                      Emiten yang merupakan Perusahaan                                                the Issuer, the public company whose shares is
                      Terbuka yang sahamnya tercatat maupun                                           listed or not listed in the Stock Exchange;
                      tidak tercatat di Bursa Efek;
                      Informasi pada huruf b), c), dan huruf d)                                       Information in point b), point c), and point
                      hanya diungkapkan jika Emiten merupakan                                         d) only be disclosed if the Issuer is a public
                      Perusahaan Terbuka dan sahamnya tercatat                                        company whose shares is listed in the Stock
                      di Bursa Efek;                                                                  Exchange;




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           Kilas Kinerja                          Profil Perusahaan                Laporan Manajemen                       Unit Pendukung Bisnis
      Performance Highlights                       Corporate Profile               Management Report                        Business Support Unit




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                                  Keterangan                                                                Description
                                                                          Page

                   2)    dalam hal terjadi aksi korporasi,                                     2)   in the event of corporate actions, including
                         seperti pemecahan saham (stock split),                                     stock split, reverse stock, dividend, bonus
                         penggabungan saham (reverse stock),                                        share, and change in par value of shares, then
                         dividen saham, saham bonus, dan                                            the share price referred to in point 1), should
                                                                           18
                         perubahan nilai nominal saham, informasi                                   be added with explanation on:
                         saham sebagaimana dimaksud pada angka
                         1) ditambahkan penjelasan paling sedikit
                         mengenai:
                         a)    tanggal pelaksanaan aksi korporasi;                                  a)   date of corporate action;
                         b)    rasio pemecahan saham (stock split),                                 b)   stock split ratio, reverse stock, dividend,
                               penggabungan saham (reverse stock),                                       bonus shares, and change in par value of
                               dividen saham, saham                                                      shares;
                         c)    jumlah saham beredar sebelum dan                                     c)   number of outstanding shares prior to and
                                                                           18
                               sesudah aksi korporasi; dan                                               after corporate action; and
                         d)    jumlah efek konversi yang dilaksanakan                               d)   The number of convertible securities
                               (jika ada); dan                                                           exercised (if any); and
                         e)    harga saham sebelum dan sesudah aksi                                 e)   share price prior to and after corporate
                               korporasi;                                                                action;
                   3)    dalam hal terjadi penghentian sementara                               3)   in the event that the company’s shares were
                         perdagangan saham (suspension), dan/atau                                   suspended and/or delisted from trading during
                         penghapusan pencatatan saham (delisting)                                   the year under review, then the Issuers or
                         dalam tahun buku, Emiten atau Perusahaan                                   Public Company should provide explanation on
                         Publik menjelaskan alasan penghentian             18                       the reason for the suspension and/or delisting;
                         sementara perdagangan saham (suspension)                                   and
                         dan/atau penghapusan pencatatan saham
                         (delisting) tersebut; dan


                   4)    dalam hal penghentian sementara                                       4)   in the event that the suspension and/or
                         perdagangan saham (suspension) dan/atau                                    delisting as referred to in point 3) was still in
                         penghapusan pencatatan saham (delisting)                                   effect until the date of the Annual Report,
                         sebagaimana dimaksud pada angka 3) masih                                   then the Issuer or the Public Company should
                         berlangsung hingga akhir periode Laporan                                   also explain the corporate actions taken by the
                         Tahunan, Emiten atau Perusahaan Publik            18                       company in resolving the suspension and/or
                         menjelaskan tindakan yang dilakukan untuk                                  delisting;
                         menyelesaikan penghentian sementara
                         perdagangan saham (suspension) dan/atau
                         penghapusan pencatatan saham (delisting)
                         tersebut;
              c.   Laporan Direksi                                                        c.   The Board of Directors Report
                   Laporan Direksi paling sedikit memuat:                                      The Board of Directors Report should at least
                                                                                               contain the following items:
                   1)    uraian singkat mengenai kinerja Emiten atau                           1)   the performance of the Issuer or Public
                         Perusahaan Publik, paling sedikit meliputi:                                Company, at least covering:


                         a)    strategi dan kebijakan strategis Emiten                              a)   strategy and strategic policies of the
                               atau Perusahaan Publik;                                                   Issuer or Public Company;
                         b)    peranan Direksi dalam perumusan                                      b)   Role of the Board of Directors in
                               strategi dan kebijakan strategis Emiten                                   formulating strategies and strategic
                               atau Perusahaan Publik;                                                   policies of Issuers or Public Companies;


                         c)    proses yang dilakukan Direksi untuk        64-75                     c)   Process carried out by the Board of
                               memastikan implementasi strategi                                          Directors to ensure the implementation of
                               Emiten atau Perusahaan Publik;                                            the Issuer’s or Public Company’s strategy;
                         d)    perbandingan antara hasil yang dicapai                               d)   comparison between achievement of
                               dengan yang ditargetkan; dan                                              results and targets; and


                         e)    kendala yang dihadapi Emiten atau                                    e)   challenges faced by the Issuer or Public
                               Perusahaan Publik;                                                        Company;
                   2)    gambaran tentang prospek usaha;                                       2)   description on business prospects;
                   3)    penerapan tata kelola Emiten atau                                     3)   implementation of good corporate governance
                         Perusahaan Publik; dan                                                     by Issuer or Public Company; and
                   4)    perubahan komposisi anggota Direksi dan                               4)   changes in the composition of the Board of
                         alasan perubahannya (jika ada);                                            Directors and the reason behind (if any);




248   Bakrieland Laporan Tahunan 2023
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Analisis dan Pembahasan Manajemen              Laporan Tata Kelola Perusahaan   Tanggung Jawab Sosial Perusahaan Terintegrasi/Laporan Keberlanjutan
Management Discussion and Analysis              Corporate Governance Report         Integrated Corporate Social Responsibility/Sustainability Report




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                            Keterangan                                                                  Description
                                                                   Page

          d. Laporan Dewan Komisaris                                                  d.   The Board of Commissioners Report
             Laporan Dewan Komisaris paling sedikit memuat:                                The Board of Commissioners Report should at least
                                                                                           contain the following items:
             1)    Penilaian terhadap kinerja Direksi mengenai                             1)   Assessment on the performance of the Board
                   pengelolaan Emiten atau Perusahaan Publik;                                   of Directors in managing the Issuer or the
                                                                                                Public Company;
             2)    Pengawasan terhadap implementasi strategi        56-63                  2)   Supervision on the implementation of the
                   Emiten atau Perusahaan Publik;                                               strategy of the Issuer or Public Company;
             3)    Pandangan atas prospek usaha Emiten                                     3)   View on the business prospects of the Issuer
                   atau Perusahaan Publik yang disusun oleh                                     or Public Company as established by the Board
                   Direksi;                                                                     of Directors;
             4)    Pandangan atas penerapan tata kelola                                    4)   View on the implementation of the corporate
                   Emiten atau Perusahaan Publik;                                               governance by the Issuer or Public Company;
             5)    Perubahan komposisi anggota Dewan                                       5)   Changes in the composition of the Board of
                   Komisaris dan alasan perubahannya (jika                                      Commissioners and the reason behind (if any);
                   ada); dan                                                                    and
          e. Profil Emiten atau Perusahaan Publik                                     e.   Profile of the Issuer or Public Company
             Profil Emiten atau Perusahaan Publik paling                                   Profile of the Issuer or Public Company should cover
             sedikit memuat:                                                               at least:
             1)    Nama Emiten atau Perusahaan Publik                                      1)   Name of Issuer or Public Company, including
                   termasuk apabila terdapat perubahan nama,                                    change of name, reason of change, and the
                                                                    24-25
                   alasan perubahan, dan tanggal efektif                                        effective date of the change of name during
                   perubahan nama pada tahun buku;                                              the year under review;
             2)    Akses terhadap Emiten atau Perusahaan                                   2)   access to Issuer or Public Company, including
                   Publik termasuk kantor cabang atau kantor                                    branch office or representative office, where
                   perwakilan yang memungkinkan masyarakat                                      public can have access of information of the
                   dapat memperoleh informasi mengenai                                          Issuer or Public Company, which include:
                   Emiten atau Perusahaan Publik, meliputi:
                   a)   Alamat;                                     Cover                       a)   Address;
                                                                   Belakang
                   b)   Nomor telepon;                            Back Cover                    b)   Telephone number;
                   c)   Nomor faksimili;                                                        c)   Facsimile number;
                   d)   Alamat surat elektronik; dan                                            d)   E-mail address; and
                   e)   Alamat Situs Web;                                                       e)   Website address;
             3)    Riwayat singkat Emiten atau Perusahaan                                  3)   Brief history of the Issuer or Public Company;
                                                                    26-27
                   Publik;
             4)    Visi dan misi Emiten atau Perusahaan Publik;                            4)   Vision and mission of the Issuer or Public
                                                                    30-31
                                                                                                Company;
             5)    Kegiatan usaha menurut anggaran dasar                                   5)   Line of business according to the latest Articles
                   terakhir, kegiatan usaha yang dijalankan                                     of Association, and types of products and/or
                                                                     33
                   pada tahun buku, serta jenis barang dan/                                     services produced;
                   atau jasa yang dihasilkan;
             6)    Wilayah operasional Emiten atau                                         6)   Operational area of the Issuer or Public
                                                                    34-35
                   Perusahaan Publik;                                                           Company
             7)    Struktur organisasi Emiten atau Perusahaan                              7)   Structure of organization of the Issuer or
                   Publik dalam bentuk bagan, paling sedikit                                    Public Company in chart form, at least 1 (one)
                   sampai dengan struktur 1 (satu) tingkat di        37                         level below the Board of Directors, with the
                   bawah Direksi, disertai dengan nama dan                                      names and titles;
                   jabatan;
             8)    daftar keanggotaan asosiasi industri baik                               8)   List of industry association memberships both
                   dalam skala nasional maupun internasional                                    on a national and international scale related to
                                                                     38
                   yang berkaitan dengan penerapan keuangan                                     the implementation of sustainable finance;
                   berkelanjutan




                                                                                                            2023 Annual Report Bakrieland           249
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           Kilas Kinerja                           Profil Perusahaan              Laporan Manajemen                       Unit Pendukung Bisnis
      Performance Highlights                        Corporate Profile             Management Report                        Business Support Unit




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                                   Keterangan                                                               Description
                                                                         Page

                  9)    Profil Direksi, paling sedikit memuat:                              9)   The Board of Directors profiles include:
                        a)     Nama dan jabatan yang sesuai dengan                               a)   Name and short description of duties and
                               tugas dan tanggung jawab;                                              functions;
                        b)     Foto terbaru;                                                     b)   Latest photograph;
                        c)     Usia;                                                             c)   Age;
                        d)     Kewarganegaraan;                                                  d)   Citizenship;
                        e)     Riwayat pendidikan;                                               e)   Education;
                        f)     Riwayat jabatan, meliputi informasi:                              f)   history position, covering information on:
                               (1) Dasar hukum penunjukan sebagai        42-44                        (1)    Legal basis for appointment as
                                   anggota Direksi pada Emiten                                               member of the Board of Directors to
                                   atau Perusahaan Publik yang                                               the said Issuer or Public Company;
                                   bersangkutan;
                               (2) Rangkap jabatan, baik sebagai                                      (2)    Dual position, as member of the
                                   anggota Direksi, anggota Dewan                                            Board of Directors, member of the
                                   Komisaris, dan/atau anggota                                               Board of Commissioners, and/or
                                   komite serta jabatan lainnya (jika                                        member of committee, and other
                                   ada); dan                                                                 position (if any); and
                               (3) Pengalaman kerja beserta periode                                   (3)    Working experience and period in
                                   waktunya baik di dalam maupun                                             and outside the Issuer or Public
                                   di luar Emiten atau Perusahaan                                            Company;
                                   Publik;
                        g)     hubungan afiliasi dengan anggota                                  g)   Affiliation with other members of the
                               Direksi lainnya, anggota Dewan                                         Board of Directors, members of the Board
                               Komisaris, pemegang saham utama,                                       of Commissioners, majority and controlling
                               dan pengendali baik langsung maupun                                    shareholders, either directly or indirectly
                               tidak langsung sampai kepada pemilik                                   to individual owners, including names
                               individu, meliputi nama pihak yang                                     of affiliated parties. In the event that a
                               terafiliasi;                                                           member of the Board of Directors has no
                                                                                                      affiliation, the Issuer or Public Company
                                                                                                      shall disclose this matter; and
                        h)     perubahan komposisi anggota Direksi                               h)   Changes in the composition of the
                               dan alasan perubahannya. Dalam hal                                     members of the Board of Directors and
                               tidak terdapat perubahan komposisi                                     the reasons for the changes. In the event
                               anggota Direksi, maka diungkapkan                                      that there is no change in the composition
                               mengenai hal tersebut;                                                 of the members of the Board of Directors,
                                                                                                      this matter shall be disclosed;




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Management Discussion and Analysis               Corporate Governance Report         Integrated Corporate Social Responsibility/Sustainability Report




                                                                   Halaman
                            Keterangan                                                                     Description
                                                                    Page

             10)   Profil Dewan Komisaris, paling sedikit                                  10) The Board of Commissioners profiles, at least
                   memuat:                                                                     include:
                   a)   Nama;                                                                   a)   Name;
                   b)   Foto terbaru;                                                           b)   Latest photograph;
                   c)   Usia;                                                                   c)   Age;
                   d)   Kewarganegaraan;                                                        d)   Citizenship;
                   e)   Riwayat pendidikan;                                                     e)   Education;
                   f)   Riwayat jabatan, meliputi informasi:                                    f)   History position, covering information on:
                        (1) Dasar hukum penunjukan sebagai                                           (1)    Legal basis for the appointment
                            anggota Dewan Komisaris yang                                                    as member of the Board of
                            bukan merupakan Komisaris                                                       Commissioners who is not
                            Independen pada Emiten                                                          Independent Commissioner at the
                            atau Perusahaan Publik yang                                                     said Issuer or Public Company;
                            bersangkutan;
                        (2) Dasar hukum penunjukan pertama                                           (2)    Legal bases for the first
                            kali sebagai anggota Dewan                                                      appointment as member of the
                            Komisaris yang merupakan                                                        Board of Commissioners who also
                            Komisaris Independen pada                                                       Independent Commissioner at the
                            Emiten atau Perusahaan Publik                                                   said Issuer or Public Company;
                            yang bersangkutan;
                        (3) Rangkap jabatan, baik sebagai                                            (3)    Dual position; as member of the
                            anggota Dewan Komisaris,                                                        Board of Commissioners, member
                            anggota Direksi, dan/atau anggota        39-41                                  of the Board of Directors, and/or
                            komite serta jabatan lainnya (jika                                              member of committee and other
                            ada); dan                                                                       position (if any); and
                        (4) Pengalaman kerja beserta periode                                         (4)    Working experience and period in
                            waktunya baik di dalam maupun                                                   and outside the Issuer or Public
                            di luar Emiten atau Perusahaan                                                  Company;
                            Publik;
                   g)   Hubungan afiliasi dengan anggota                                        g)   Affiliation with other members of
                        Dewan Komisaris lainnya, pemegang                                            the Board of Commissioners, major
                        saham utama, dan pengendali baik                                             shareholders, and controllers either
                        langsung maupun tidak langsung                                               directly or indirectly to individual owners,
                        sampai kepada pemilik individu,                                              including names of affiliated parties; In
                        meliputi nama pihak yang terafiliasi                                         the event that a member of the Board
                                                                                                     of Commissioners has no affiliation, the
                                                                                                     Issuer or Public Company shall disclose this
                                                                                                     matter;
                   h)   Pernyataan independensi Komisaris                                       h)   Statement of independence of
                        Independen dalam hal Komisaris                                               Independent Commissioner in the event
                        Independen telah menjabat lebih dari 2                                       that the Independent Commissioner has
                        (dua) periode (jika ada);                                                    been appointed more than 2 (two) periods
                                                                                                     (if any);
                   i)   Perubahan komposisi anggota Dewan                                       i)   Changes in the composition of the
                        Komisaris dan alasan perubahannya.                                           members of the Board of Commissioners
                        Dalam hal tidak terdapat perubahan                                           and the reasons for the changes. In the
                        komposisi anggota Dewan Komisaris,                                           event that there is no change in the
                        maka diungkapkan mengenai hal                                                composition of the members of the Board
                        tersebut;                                                                    of Commissioners, this matter shall be
                                                                                                     disclosed;
             11)   Dalam hal terdapat perubahan susunan                                    11) In the event that there were changes in the
                   anggota Direksi dan/atau anggota Dewan                                      composition of the Board of Commissioners
                   Komisaris yang terjadi setelah tahun buku                                   and/or the Board of Directors occurring
                   berakhir sampai dengan batas waktu                                          between the period after year-end until the
                   penyampaian Laporan Tahunan, susunan               45                       date the Annual Report submitted, then the
                   yang dicantumkan dalam Laporan Tahunan                                      last and the previous composition of the
                   adalah susunan anggota Direksi dan/atau                                     Board of Commissioners and/or the Board of
                   anggota Dewan Komisaris yang terakhir dan                                   Directors shall be stated in the Annual Report;
                   sebelumnya;
             12)   Jumlah karyawan menurut jenis kelamin,                                  12) Number of employees by gender, position,
                   jabatan, usia, tingkat pendidikan, dan status                               age, education level, and employment status
                   ketenagakerjaan (tetap/kontrak) dalam             81-83                     (permanent/contracted) in the fiscal year;
                   tahun buku;                                                                 Disclosure of information can be presented in
                                                                                               tabular form.




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      Performance Highlights                        Corporate Profile             Management Report                      Business Support Unit




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                  13)   Nama pemegang saham dan persentase                                  13) Names of shareholders and ownership
                        kepemilikan pada akhir tahun buku, yang                                 percentage at the end of the fiscal year,
                        terdiri dari:                                                           including:
                        a)     Pemegang saham yang memiliki 5%                                   a)   Shareholders having 5% (five percent) or
                               (lima persen) atau lebih saham Emiten                                  more shares of Issuer or Public Company;
                               atau Perusahaan Publik;
                        b)     Anggota Direksi dan anggota Dewan         46-47                   b)   Commissioners and Directors who own
                               Komisaris yang memiliki saham Emiten                                   shares of the Issuers or Public Company;
                               atau Perusahaan Publik; dan                                            and
                        c)     Kelompok pemegang saham                                           c)   Groups of public shareholders, or groups
                               masyarakat, yaitu kelompok pemegang                                    of shareholders, each with less than 5%
                               saham yang masing-masing memiliki                                      (five percent) ownership shares of the
                               kurang dari 5% (lima persen) saham                                     Issuers or Public Company;
                               emiten atau perusahaan publik;
                  14)   Persentase kepemilikan tidak langsung                               14) The percentage of indirect ownership of
                        atas saham Emiten atau Perusahaan                                       the shares of the Issuer or Public Company
                        Publik oleh anggota Direksi dan anggota                                 by members of the Board of Directors and
                        Dewan Komisaris pada awal dan akhir                                     members of the Board of Commissioners at the
                        tahun buku, termasuk informasi mengenai                                 beginning and end of the fiscal year, including
                                                                          47
                        pemegang saham yang terdaftar dalam                                     information on shareholders registered in
                        daftar pemegang saham untuk kepentingan                                 the shareholder register for the benefit of
                        kepemilikan tidak langsung anggota Direksi                              indirect ownership of members of the Board
                        dan anggota Dewan Komisaris;                                            of Directors and members of the Board of
                                                                                                Commissioners;
                  15)   Jumlah pemegang saham dan persentase                                15) Number of shareholders and ownership
                        kepemilikan per akhir tahun buku                                        percentage at the end of the fiscal year, based
                        berdasarkan klasifikasi:                                                on:
                        a)     Kepemilikan institusi lokal;                                      a)   Ownership of local institutions;
                                                                          47
                        b)     Kepemilikan institusi asing;                                      b)   Ownership of foreign institutions;
                        c)     Kepemilikan individu lokal; dan                                   c)   Ownership of local individual; and
                        d)     Kepemilikan individu asing;                                       d)   Ownership of foreign individual;
                  16)   Informasi mengenai pemegang saham                                   16) Information on major shareholders and
                        utama dan pengendali Emiten atau                                        controlling shareholders the Issuers of Public
                        Perusahaan Publik, baik langsung maupun                                 Company, directly or indirectly, and also
                                                                          46
                        tidak langsung, sampai kepada pemilik                                   individual shareholder, presented in the form
                        individu, yang disajikan dalam bentuk skema                             of scheme or diagram;
                        atau bagan;
                  17)   Nama entitas anak, perusahaan asosiasi,                             17) Name of subsidiaries, associated companies,
                        perusahaan ventura bersama dimana                                       joint venture controlled by Issuers or Public
                        Emiten atau Perusahaan Publik memiliki                                  Company, with entity, percentage of stock
                        pengendalian bersama entitas, beserta            48-50                  ownership, line of business, total assets and
                        persentase kepemilikan saham, bidang                                    operating status of the Issuers of Public
                        usaha, total aset, dan status operasi Emiten                            Company (if any);
                        atau Perusahaan Publik tersebut (jika ada);
                        Untuk entitas anak, ditambahkan informasi                                For subsidiaries, include the addresses of the
                        mengenai alamat entitas anak tersebut;                                   said subsidiaries;
                  18)   Kronologi pencatatan saham, jumlah saham,                           18) Chronology of share listing, number of shares,
                        nilai nominal, dan harga penawaran dari                                 par value, and bid price from the beginning of
                        awal pencatatan hingga akhir tahun buku                                 listing up to the end of the financial year, and
                                                                          48
                        serta nama Bursa Efek dimana saham                                      name of Stock Exchange where the Issuers of
                        Emiten atau Perusahaan Publik dicatatkan                                Public Company shares are listed;
                        (jika ada);
                  19)   Informasi pencatatan efek lainnya selain                            19) Other securities listing information other than
                        efek sebagaimana dimaksud pada angka 18),                               the securities as referred to in number 18),
                        yang belum jatuh tempo pada tahun buku                                  which have not yet matured in the fiscal year,
                        paling sedikit memuat nama efek, tahun            48                    at least contain the name of the securities,
                        penerbitan, tingkat suku bunga/imbal hasil,                             year of issue, interest rate/yield, maturity date,
                        tanggal jatuh tempo, nilai penawaran, dan                               offering value, and securities rating (if any);
                        peringkat efek (jika ada);




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Management Discussion and Analysis                  Corporate Governance Report         Integrated Corporate Social Responsibility/Sustainability Report




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                              Keterangan                                                                     Description
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               20)   Informasi penggunaan jasa akuntan                                         20) Information on the use of a Public Accountant
                     publik (AP) dan kantor akuntan publik                                         (AP) and a Public Accounting firm (KAP)
                     (KAP) beserta jaringan/asosiasi/aliansinya                                    services and their networks/associations/
                     meliputi:                                                                     alliances include:
                     a)   nama dan alamat;                                                          a)   name and address;
                     b)   periode penugasan;                                                        b)   period of assignment;
                     c)   informasi jasa audit dan/atau non audit                                   c)   informasi jasa audit dan/atau non audit
                          yang diberikan;                                                                yang diberikan;
                                                                        50-51
                     d)   biaya jasa (fee) audit dan/atau non                                       d)   Audit and/or non-audit fees for each
                          audit untuk masing-masing penugasan                                            assignment given during the fiscal year;
                          yang diberikan selama tahun buku; dan                                          and


                     e)   dalam hal AP dan KAP beserta jaringan/                                    e)   In the event that AP and KAP and their
                          asosiasi/aliansinya, yang ditunjuk tidak                                       network/association/alliance, which
                          memberikan jasa non audit, maka                                                are appointed do not provide non-audit
                          diungkapkan mengenai informasi                                                 services, then the information is disclosed;
                          tersebut; dan                                                                  and
               21)   Nama dan alamat lembaga dan/atau profesi                                  21) Name and address of capital market supporting
                     penunjang pasar modal selain AP dan KAP;            51                        institutions and/or professionals other than AP
                                                                                                   and KAP
          f.   Analisis dan Pembahasan Manajemen                                          f.   Management Discussion and Analysis
               Analisis dan pembahasan manajemen memuat                                        Management Analysis and Discussion Annual
               analisis dan pembahasan mengenai laporan                                        should contain discussion and analysis on financial
               keuangan dan informasi penting lainnya dengan                                   statements and other material information
               penekanan pada perubahan material yang terjadi                                  emphasizing material changes that occurred during
               dalam tahun buku, yaitu paling sedikit memuat:                                  the year under review, at least including:
               1)    Tinjauan operasi per segmen operasi                                       1)   Operational review per business segment,
                     sesuai dengan jenis industri Emiten atau                                       according to the type of industry of the Issuer
                     Perusahaan Publik, paling sedikit mengenai:                                    or Public Company including:
                     a)   Produksi, yang meliputi proses,              94-113                       a)   Production, including process, capacity,
                          kapasitas, dan perkembangannya;                                                and growth;
                     b)   Pendapatan/penjualan; dan                                                 b)   Income/sales; and
                     c)   Profitabilitas;                                                           c)   Profitability;
               2)    Kinerja keuangan komprehensif yang                                        2)   comprehensive financial performance analysis
                     mencakup perbandingan kinerja keuangan                                         which includes a comparison between the
                     dalam 2 (dua) tahun buku terakhir,                                             financial performance of the last 2 (two)
                     penjelasan tentang penyebab adanya                                             fiscal years, and explanation on the causes
                     perubahan dan dampak perubahan tersebut,                                       and effects of such changes, among others
                     paling sedikit mengenai:                                                       concerning:
                     a)   Aset lancar, aset tidak lancar, dan total                                 a)   Current assets, non-current assets, and
                          aset;                                                                          total assets;
                     b)   Liabilitas jangka pendek, liabilitas        114-117                       b)   Short term liabilities, long term liabilities,
                          jangka panjang, dan total liabilitas;                                          total liabilities;
                     c)   Ekuitas;                                                                  c)   Equities;
                     d)   Pendapatan/penjualan, beban, laba                                         d)   Sales/operating revenues, expenses
                          (rugi), penghasilan komprehensif lain,                                         and profit (loss), other comprehensive
                          dan total laba (rugi) komprehensif; dan                                        revenues, and total comprehensive profit
                                                                                                         (loss); and
                     e)   Arus kas                                                                  e)   Cash flows
               3)    Kemampuan membayar utang dengan                                           3)   The capacity to pay debts by including the
                                                                      118-119
                     menyajikan perhitungan rasio yang relevan;                                     computation of relevant ratios;
               4)    Tingkat kolektibilitas piutang emiten atau                                4)   Accounts receivable collectability of the Issuer
                     perusahaan publik dengan menyajikan                119                         or Public Company, including the computation
                     perhitungan rasio yang relevan;                                                of the relevant ratios;
               5)    Struktur modal (capital structure) dan                                    5)   Capital structure and management policies
                     kebijakan manajemen atas struktur modal                                        concerning capital structure, including the
                                                                        119
                     (capital structure) tersebut disertai dasar                                    basis for determining the said policy;
                     penentuan kebijakan dimaksud;




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      Performance Highlights                        Corporate Profile              Management Report                       Business Support Unit




                                                                         Halaman
                                   Keterangan                                                              Description
                                                                          Page

                  6)    Bahasan mengenai ikatan yang material                                6)   discussion on material ties for the investment
                        untuk investasi barang modal dengan                                       of capital goods, including the explanation on
                        penjelasan paling sedikit meliputi:                                       at least:
                        a)     Tujuan dari ikatan tersebut;                                       a)   The purpose of such ties;
                        b)     Sumber dana yang diharapkan untuk                                  b)   Source of funds expected to fulfill the
                               memenuhi ikatan tersebut;                                               said ties;
                                                                           120
                        c)     Mata uang yang menjadi denominasi;                                 c)   Currency of denomination; and
                               dan
                        d)     Langkah yang direncanakan emiten                                   d)   Steps taken by the Issuer of Public
                               atau perusahaan publik untuk                                            Company to protect the position of a
                               melindungi risiko dari posisi mata uang                                 related foreign currency against risks;
                               asing yang terkait;
                  7)    Bahasan mengenai investasi barang modal                              7)   Discussion on investment of capital goods
                        yang direalisasikan dalam tahun buku                                      which was realized in the last fiscal year, at
                        terakhir, paling sedikit meliputi:                                        least include:
                        a)     Jenis investasi barang modal;                                      a)   Type of investment of capital goods;
                                                                           120
                        b)     Tujuan investasi barang modal; dan                                 b)   Objective of the investment of capital
                                                                                                       goods; and
                        c)     Nilai investasi barang modal yang                                  c)   Value of the investment of capital goods;
                               dikeluarkan;
                  8)    Informasi dan fakta material yang terjadi                            8)   Material Information and facts that occurring
                        setelah tanggal laporan akuntan (jika ada);      120-121                  after the date of the accountant’s report
                                                                                                  (if any);
                  9)    Prospek usaha dari emiten atau perusahaan                            9)   Information on the prospects of the
                        publik dikaitkan dengan kondisi industri,                                 Issuer or the Company in connection with
                        ekonomi secara umum dan pasar                                             industry,economy in general, accompanied
                                                                         121-122
                        internasional disertai data pendukung                                     with supporting quantitative data if there is a
                        kuantitatif dari sumber data yang layak                                   reliable data source;
                        dipercaya;
                  10)   Perbandingan antara target/proyeksi pada                             10) Comparison between target/projection at
                        awal tahun buku dengan hasil yang dicapai                                beginning of year and result (realization),
                        (realisasi), mengenai:                                                   concerning:
                        a)     Pendapatan/penjualan;                                              a)   Income/sales;
                        b)     Laba (rugi);                              122-123                  b)   Profit (loss);
                        c)     Struktur modal (capital structure);                                c)   Capital structure; or
                        d)     Kebijakan dividen; atau                                            d)   Dividend policy; or
                        e)     Hal lainnya yang dianggap penting bagi                             e)   Others that deemed necessary for the
                               Emiten atau Perusahaan Publik;                                          Issuer or Public Company;
                  11)   Target/proyeksi yang ingin dicapai Emiten                            11) Target/projection at most for the next one year
                        atau Perusahaan Publik untuk 1 (satu) tahun                              of the Issuer or Public Company, concerning:
                        mendatang, mengenai:
                        a)     Pendapatan/penjualan;                                              a)   Income/sales;
                        b)     Laba (rugi);                              122-123                  b)   Profit (loss);
                        c)     Struktur modal (capital structure);                                c)   Capital structure; or
                        d)     Kebijakan dividen; atau                                            d)   Dividend policy;
                        e)     Hal lainnya yang dianggap penting bagi                             e)   Or others that deemed necessary for the
                               Emiten atau Perusahaan Publik;                                          Issuer or Public Company;
                  12)   Aspek pemasaran atas barang dan/atau                                 12) Marketing aspects of the company’s products
                        jasa Emiten atau Perusahaan Publik, paling                               and/or services the Issuer or Public Company,
                                                                         123-124
                        sedikit mengenai strategi pemasaran dan                                  among others marketing strategy and market
                        pangsa pasar;                                                            share;




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Management Discussion and Analysis                 Corporate Governance Report         Integrated Corporate Social Responsibility/Sustainability Report




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             13)   Uraian mengenai dividen selama 2 (dua)                                    13) Description regarding the dividend policy
                   tahun buku terakhir (jika ada), paling sedikit:                               during the last 2 (two) fiscal years, at least:
                   a)   Kebijakan dividen;                                                        a)   Dividend policy;
                   b)   Tanggal pembayaran dividen kas dan/                                       b)   The date of the payment of cash dividend
                        atau tanggal distribusi dividen non kas;                                       and/or date of distribution of non-cash
                                                                                                       dividend;
                   c)   Jumlah dividen per saham (kas dan/             124                        c)   Amount of cash per share (cash and/or non
                        atau non kas); dan                                                             cash); and
                   d)   Jumlah dividen per tahun yang dibayar;                                    d)   Amount of dividend per year paid;
                   Dalam hal Emiten atau Perusahaan Publik                                        Disclosure of information can be presented in
                   tidak membagikan dividen dalam 2 (dua)                                         tabular form. In the event that the Issuer or
                   tahun terakhir, maka diungkapkan mengenai                                      Public Company does not distribute dividends
                   hal tersebut.                                                                  in the last 2 (two) years, this matter shall be
                                                                                                  disclosed.
             14)   Realisasi penggunaan dana hasil Penawaran                                 14) Use of proceeds from Public Offerings, under
                   Umum, dengan ketentuan:                                                       the condition of:
                   a)   Dalam hal selama tahun buku, Emiten                                       a)   during the year under review, on which
                        memiliki kewajiban menyampaikan                                                the Issuer has the obligation to report the
                        laporan realisasi penggunaan                                                   realization of the use of proceeds, then
                        dana, maka diungkapkan realisasi                                               the realization of the cumulative use of
                        penggunaan dana hasil Penawaran                                                proceeds until the year end should be
                        Umum secara kumulatif sampai dengan                                            disclosed; and
                                                                       124
                        akhir tahun buku; dan
                   b)   Dalam hal terdapat perubahan                                              b)   In the event that there were changes
                        penggunaan dana sebagaimana                                                    in the use of proceeds as stipulated in
                        diatur dalam Peraturan Otoritas Jasa                                           the Regulation of the Financial Services
                        Keuangan tentang Laporan Realisasi                                             Authority on the Report of the Utilization
                        Penggunaan Dana Hasil Penawaran                                                of Proceeds from Public Offering, then
                        Umum, maka Emiten menjelaskan                                                  Issuer should explain the said changes;
                        perubahan tersebut;
             15)   Informasi material (jika ada), antara lain                                15) Material information (if any), among others
                   mengenai investasi, ekspansi, divestasi,                                      concerning investment, expansion, divestment,
                   penggabungan/peleburan usaha, akuisisi,                                       acquisition, debt/capital restructuring,
                   restrukturisasi utang/modal, transaksi                                        transactions with related parties and
                   Afiliasi, dan transaksi yang mengandung                                       transactions with conflict of interest that
                   benturan kepentingan, yang terjadi pada           124-127                     occurred during the year under review, among
                   tahun buku, antara lain memuat:                                               others include:
                   a)   Tanggal, nilai, dan objek transaksi;                                      a)   Transaction date, value, and object;
                   b)   Nama pihak yang melakukan transaksi;                                      b)   Name of transacting parties;




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      Performance Highlights                         Corporate Profile              Management Report                         Business Support Unit




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                        c)     Sifat hubungan Afiliasi (jika ada);                                   c)   Nature of related parties (if any);
                        d)     Penjelasan mengenai kewajaran                                         d)   Description of the fairness of the
                               transaksi; dan                                                             transaction; and
                        e)     Pemenuhan ketentuan terkait;                                          e)   Compliance with related rules and
                                                                                                          regulations;
                        f)     dalam hal terdapat hubungan afiliasi,                                 f)   In the event that there is an affiliation
                               selain mengungkapkan informasi                                             relationship, apart from disclosing the
                               sebagaimana dimaksud dalam                                                 information as referred to in letter a) to
                               huruf a) sampai dengan huruf e),                                           letter e), the Issuer or Public Company also
                               Emiten atau Perusahaan Publik juga                                         discloses information:
                               mengungkapkan informasi:
                               1)   Pernyataan Direksi bahwa                                              1)    A statement from the Board
                                    transaksi afiliasi telah melalui                                            of Directors that the affiliate
                                    prosedur yang memadai untuk                                                 transaction has gone through
                                    memastikan bahwa transaksi                                                  adequate procedures to ensure that
                                    afiliasi dilaksanakan sesuai dengan                                         the affiliate transaction is carried
                                    praktik bisnis yang berlaku umum                                            out in accordance with generally
                                    antara lain dilakukan dengan                                                accepted business practices, by
                                    memenuhi prinsip transaksi yang                                             complying with the arms-length
                                    wajar (arms- length principle); dan                                         principle; and


                               2)   Peran Dewan Komisaris dan                                             2)    The role of the Board of
                                    komite audit dalam melakukan                                                Commissioners and the audit
                                    prosedur yang memadai untuk                                                 committee in carrying out adequate
                                    memastikan bahwa transaksi                                                  procedures to ensure that affiliated
                                    afiliasi dilaksanakan sesuai dengan                                         transactions are carried out in
                                    praktik bisnis yang berlaku umum                                            accordance with generally accepted
                                    antara lain dilakukan dengan                                                business practices, by complying with
                                    memenuhi prinsip transaksi yang                                             the arms-length principle;
                                    wajar (arms- length principle);
                        g)     Dalam hal transaksi afiliasi atau                                     g)   For affiliated transactions or material
                               transaksi material dimaksud telah                                          transactions which are business activities
                               diungkapkan dalam laporan keuangan                                         carried out to generate business income
                               tahunan, ditambahkan informasi                                             and are carried out regularly, repeatedly,
                               mengenai rujukan pengungkapan                                              and/or continuously, an explanation is
                               dalam laporan keuangan tahunan                                             added that the affiliated transactions
                               tersebut.                                                                  or material transactions are business
                                                                                                          activities carried out to generate
                                                                                                          operating income. and run regularly,
                                                                                                          repeatedly, and/or continuously;


                        h)     Untuk pengungkapan transaksi                                          h)   For disclosure of affiliated transactions
                               afiliasi dan/atau transaksi benturan                                       and/or conflict of interest transactions
                               kepentingan yang merupakan hasil                                           resulting from the implementation of
                               pelaksanaan transaksi afiliasi dan/                                        affiliated transactions and/or conflict
                               atau transaksi benturan kepentingan                                        of interest transactions that have been
                               yang telah disetujui pemegang saham                                        approved by independent shareholders,
                               independen, ditambahkan informasi                                          additional information regarding the date
                               mengenai tanggal pelaksanaan RUPS                                          of the GMS which approved the affiliated
                               yang menyetujui transaksi afiliasi dan/                                    transactions and/or conflict of interest
                               atau transaksi benturan kepentingan                                        transactions is added;
                               tersebut;
                        i)     Dalam hal tidak terdapat transaksi                                    i)   In the event that there is no affiliated
                               afiliasi dan/atau transaksi benturan                                       transaction and/or conflict of interest
                               kepentingan, maka diungkapkan                                              transaction, then this shall be disclosed;
                               mengenai hal tersebut;
                  16)   Perubahan ketentuan peraturan perundang-                                16) Changes in regulation which have a significant
                        undangan yang berpengaruh signifikan                                        effect on the Issuer or Public Company and
                        terhadap Emiten atau Perusahaan Publik                                      impacts on the company (if any); and
                        dan dampaknya terhadap laporan keuangan
                        (jika ada); dan
                  17)   Perubahan kebijakan akuntansi, alasan dan                               17) Changes in the accounting policy, rationale and
                        dampaknya terhadap laporan keuangan (jika                                   impact on the financial statement (if any);
                        ada);
              g. Tata Kelola Emiten atau Perusahaan Publik                                 g.   Corporate Governance of the Issuer or Public
                                                                                                Company
                  Tata kelola Emiten atau Perusahaan Publik paling                              Corporate Governance of the Issuer or Public
                  sedikit memuat uraian singkat mengenai:                                       Company contains at least:




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             1)    RUPS, paling sedikit memuat:                                            1)   GMS, at least contains:
                   a)   Informasi mengenai keputusan RUPS                                            a)    Information regarding the
                        pada tahun buku dan 1 (satu) tahun                                                 resolutions of the GMS in the fiscal
                        sebelum tahun buku meliputi:                                                       year and 1 (one) year prior to the
                                                                                                           fiscal year include:
                                                                   147-153
                        1)   keputusan RUPS pada tahun buku                                                1)    Resolutions of the GMS in the
                             dan 1 (satu) tahun sebelum tahun                                                    fiscal year and 1 (one) year
                             buku yang direalisasikan pada                                                       before the fiscal year realized in
                             tahun buku; dan                                                                     the fiscal year; and


                        2)   keputusan RUPS pada tahun buku                                                2)    Resolutions of the GMS in the
                             dan 1 (satu) tahun sebelum tahun                                                    fiscal year and 1 (one) year
                             buku yang belum direalisasikan          153                                         before the fiscal year that
                             beserta alasan belum                                                                have not been realized and the
                             direalisasikan;                                                                     reasons for not realizing them;
                   b)   dalam hal Emiten atau Perusahaan                                             b)    In the event that the Issuer or Public
                        Publik menggunakan pihak independen                                                Company uses an independent
                        dalam pelaksanaan RUPS untuk                                                       party in the conduct of the GMS to
                        melakukan perhitungan suara, maka                                                  calculate the votes, then this matter
                        diungkapkan mengenai hal tersebut;                                                 shall be disclosed;
             2)    Direksi, mencakup antara lain:                                          2)   The Board of Directors, covering:
                   a)   Tugas dan tanggung jawab masing-                                             a)    The tasks and responsibilities of each
                        masing anggota Direksi;                                                            member of the Board of Directors;
                   b)   Pernyataan bahwa Direksi memiliki                                            b)    Statement that the Board of
                        pedoman atau piagam (charter) Direksi;                                             Directors has already have board
                                                                                                           manual or charter;
                   c)   Kebijakan dan pelaksanaan tentang                                            c)    Policies and implementation of
                        frekuensi rapat Direksi, termasuk rapat                                            the frequency of meetings of the
                        bersama Dewan Komisaris, dan tingkat                                               Board of Directors, meetings of the
                        kehadiran anggota Direksi dalam rapat                                              Board of Directors with the Board
                        tersebut termasuk tingkat kehadiran                                                of Commissioners, and the level of
                        dalam RUPS;                                                                        attendance of members of the Board
                                                                                                           of Directors in the meeting including
                                                                                                           attendance at the GMS;
                   d)   pelatihan dan/atau peningkatan                                               d)    Training and/or competency
                        kompetensi anggota Direksi:                                                        development of members of the
                                                                                                           Board of Directors:
                        (1) kebijakan pelatihan dan/atau                                                   (1)   Policies for training and/or
                            peningkatan kompetensi anggota                                                       improving the competence
                            Direksi, termasuk program                                                            of members of the Board
                            orientasi bagi anggota Direksi                                                       of Directors, including an
                            yang baru diangkat (jika ada); dan                                                   orientation program for newly
                                                                                                                 appointed members of the
                                                                   159-163                                       Board of Directors (if any); and
                        (2) pelatihan dan/atau peningkatan                                                 (2)   Training and/or competency
                            kompetensi yang diikuti anggota                                                      improvement attended by
                            Direksi dalam tahun buku (jika                                                       members of the Board of
                            ada);                                                                                Directors in the fiscal year (if
                                                                                                                 any);
                   e)   penilaian Direksi terhadap kinerja                                           e)    The Board of Directors’ assessment
                        komite yang mendukung pelaksanaan                                                  of the performance of the
                        tugas Direksi pada tahun buku paling                                               committees that support the
                        sedikit memuat:                                                                    implementation of the Board of
                                                                                                           Directors’ duties for the fiscal year
                                                                                                           shall at least contain:
                        (1) prosedur penilaian kinerja; dan                                                (1)   Performance appraisal
                                                                                                                 procedures; and
                        (2) kriteria yang digunakan seperti                                                (2)   The criteria used are
                            capaian kinerja selama tahun buku,                                                   performance achievements
                            kompetensi dan kehadiran dalam                                                       during the fiscal year, are
                            rapat; dan                                                                           competence and attendance at
                                                                                                                 meetings; and
                   f)   dalam hal Emiten atau Perusahaan                                             f)    In the event that the Issuer or Public
                        Publik tidak memiliki komite yang                                                  Company does not have a committee
                        mendukung pelaksanaan tugas Direksi,                                               that supports the implementation of
                        maka diungkapkan mengenai hal                                                      the duties of the Board of Directors,
                        tersebut.                                                                          this matter shall be disclosed.
             3)    Dewan Komisaris, mencakup antara lain:                                  3)   The Board of Commissioners, among others
                                                                                                include:
                                                                   154-158
                   a)   Tugas dan tanggung jawab Dewan                                          a)   Duties and responsibilities of the Board of
                        Komisaris;                                                                   Commissioners;




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                        b)     Pernyataan bahwa Dewan Komisaris                                  b)   Statement that the Board of
                               memiliki pedoman atau piagam                                           Commissioners has already have the board
                               (charter) Dewan Komisaris;                                             manual or charter;
                        c)     Kebijakan dan pelaksanaan tentang                                 c)   Policies and implementation of the
                               frekuensi rapat Dewan Komisaris,                                       frequency of meetings of the Board of
                               termasuk rapat bersama Direksi, dan                                    Commissioners, meetings of the Board of
                               tingkat kehadiran anggota Dewan                                        Commissioners with the Board of Directors
                               Komisaris dalam rapat tersebut                                         and the level of attendance of members
                               termasuk tingkat kehadiran dalam                                       of the Board of Commissioners in these
                               RUPS;;                                                                 meetings including attendance at the GMS;


                        d)     pelatihan dan/atau peningkatan                                    d)   Training and/or competency
                               kompetensi anggota Dewan Komisaris:                                    improvement of members of the Board of
                                                                                                      Commissioners:
                               (1) kebijakan pelatihan dan/atau                                       (1)    Policy on competency training and/
                                   peningkatan kompetensi anggota                                            or development of members of the
                                   Dewan Komisaris, termasuk                                                 Board of Commissioners, including
                                   program orientasi bagi anggota                                            orientation programs for newly
                                   Dewan Komisaris yang baru                                                 appointed members of the Board of
                                   diangkat (jika ada); dan                                                  Commissioners (if any); and
                               (2) pelatihan dan/atau peningkatan                                     (2)    Competency training and/or
                                   kompetensi yang diikuti anggota                                           development attended by members
                                   Dewan Komisaris dalam tahun                                               of the Board of Commissioners in the
                                   buku (jika ada);                                                          fiscal year (if any);
                        e)     penilaian terhadap kinerja anggota                                e)   The assessment on the performance
                               Direksi dan anggota Dewan Komisaris                                    of the Board of Directors and Board of
                               dan pelaksanaannya, paling sedikit                                     Commissioners and the implementation,
                               memuat:                                                                at least covering:
                               (1) Prosedur pelaksanaan penilaian                                     (1)    procedure for the implementation of
                                   kinerja;                             163-164                              performance assessment;
                               (2) Kriteria yang digunakan seperti                                    (2)    Criteria used are performance
                                   capaian kinerja selama tahun buku,                                        achievements during the fiscal year,
                                   kompetensi dan kehadiran dalam                                            competency and attendance at
                                   rapat; dan                                                                meetings; and
                               (3) Pihak yang melakukan penilaian;                                    (3)    Assessor;
                        f)     penilaian Dewan Komisaris terhadap                                f)   Board of Commissioners’ assessment of
                               kinerja Komite yang mendukung                                          the performance of the Committees that
                               pelaksanaan tugas Dewan Komisaris                                      support the implementation of the duties
                               pada tahun buku meliputi:                                              of the Board of Commissioners in the fiscal
                                                                                                      year includes:
                               (1) prosedur penilaian kinerja; dan                                    (1)    Performance appraisal procedures;
                                                                                                             and
                               (2) kriteria yang digunakan seperti                                    (2)    The criteria used are performance
                                   capaian kinerja selama tahun buku,                                        achievements during the fiscal year,
                                   kompetensi dan kehadiran dalam                                            competency and attendance at
                                   rapat;                                                                    meetings;
                  4)    Nominasi dan remunerasi Direksi dan Dewan                           4)   The nomination and remuneration of the Board
                        Komisaris, paling sedikit memuat:                                        of Directors and the Board of Commissioners
                                                                                                 shall at least contain:
                        a)     prosedur nominasi, meliputi uraian                                a)   Nomination procedure, including a brief
                               singkat mengenai kebijakan dan proses                                  description of the policies and process for
                               nominasi anggota Direksi dan/atau                                      nomination of members of the Board of
                               anggota Dewan Komisaris; dan                                           Directors and/or members of the Board of
                                                                                                      Commissioners; and
                        b)     prosedur dan pelaksanaan remunerasi                               b)   Procedures and implementation of
                               Direksi dan Dewan Komisaris, antara                                    remuneration for the Board of Directors
                               lain:                                                                  and the Board of Commissioners, among
                                                                                                      others:
                               (1) prosedur penetapan remunerasi        164-166                       (1)    Procedures for determining
                                   Direksi dan Dewan Komisaris;                                              remuneration for the Board
                                                                                                             of Directors and the Board of
                                                                                                             Commissioners;
                               (2) struktur remunerasi Direksi dan                                    (2)    The remuneration structure of the
                                   Dewan Komisaris seperti, gaji,                                            Board of Directors and the Board
                                   tunjangan, tantiem/bonus dan                                              of Commissioners such as salary,
                                   lainnya; dan                                                              allowances, tantiem/bonus and
                                                                                                             others; and
                               (3) besarnya remunerasi masing-                                        (3)    The amount of remuneration for
                                   masing anggota Direksi dan                                                each member of the Board of
                                   anggota Dewan Komisaris;                                                  Directors and member of the Board
                                                                                                             of Commissioners




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                                                                   Halaman
                            Keterangan                                                                     Description
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             5)    Dewan Pengawas Syariah, bagi Emiten                                     5)   Sharia Supervisory Board, for Issuer or Public
                   atau Perusahaan Publik yang menjalankan                                      Company that conduct business based on
                   kegiatan usaha berdasarkan prinsip syariah                                   sharia law, as stipulated in the articles of
                   sebagaimana tertuang dalam anggaran                                          association, at least containing:
                   dasar, paling sedikit memuat:
                   a)   nama;                                                                   a)   name;
                   b)   dasar hukum pengangkatan dewan                                          b)   Legal basis for the appointment of the
                        pengawas syariah;                                                            sharia supervisory board;
                   c)   periode penugasan dewan pengawas                                        c)   Period of assignment of the sharia
                        syariah;                                                                     supervisory board;
                   d)   tugas dan tanggung jawab Dewan                                          d)   duty and responsibility of Sharia
                        Pengawas Syariah; dan                                                        Supervisory Board; and
                   e)   frekuensi dan cara pemberian                                            e)   frequency and procedure in providing
                        nasihat dan saran serta pengawasan                                           advice and suggestion, as well as the
                        pemenuhan Prinsip Syariah di                                                 compliance of Sharia Principles by the
                        Pasar Modal terhadap Emiten atau                                             Issuer or Public Company in the Capital
                        Perusahaan Publik;                                                           Market;
             6)    Komite Audit, mencakup antara lain:                                     6)   Audit Committee, among others covering:

                   a)   Nama dan jabatannya dalam                                               a)   Name and position in the committee;
                        keanggotaan komite;
                   b)   Usia;                                                                   b)   Age;

                   c)   Kewarganegaraan;                                                        c)   Citizenship;

                   d)   Riwayat pendidikan;                                                     d)   Education background;

                   e)   Riwayat jabatan, meliputi informasi:                                    e)   History of position; including:
                        (1) Dasar hukum untuk pengangkatan                                           (1)    Legal basis for appointment as
                            sebagai anggota komite;                                                         committee member;
                        (2) Rangkap jabatan, baik sebagai                                            (2)    Dual position, as member of Board
                            anggota Dewan Komisaris,                                                        of Commissioners, member of Board
                            anggota Direksi, dan/atau anggota                                               of Directors, and/or member of
                            komite serta jabatan lainnya (jika                                              committee, and other position (if
                            ada); dan                                                                       any); and
                        (3) Pengalaman kerja beserta periode       166-173                           (3)    working experience and period in and
                            waktunya baik di dalam maupun                                                   outside the Issuer or Public Company;
                            di luar Emiten atau Perusahaan
                            Publik;
                   f)   Periode dan masa jabatan anggota                                        f)   Period and terms of office of the member
                        Komite Audit;                                                                of Audit Committee;
                   g)   Pernyataan independensi Komite Audit;                                   g)   statement of independence of the Audit
                                                                                                     Committee;
                   h)   Pendidikan dan/atau pelatihan yang                                      h)   Training and/or competency improvement
                        telah diikuti dalam tahun buku (jika                                         that have been followed in the fiscal year
                        ada); dan                                                                    (if any);
                   i)   Kebijakan dan pelaksanaan tentang                                       i)   Policies and implementation of the
                        frekuensi rapat Komite Audit dan                                             frequency of audit committee meetings
                        tingkat kehadiran anggota Komite                                             and the level of attendance of audit
                        Audit dalam rapat tersebut;                                                  committee members in those meetings;
                                                                                                     and
                   j)   Pelaksanaan kegiatan Komite Audit                                       j)   the activities of the Audit Committee in
                        pada tahun buku sesuai dengan yang                                           the year under review, in accordance with
                        dicantumkan dalam pedoman atau                                               the Audit Committee Charter;
                        piagam (charter) Komite Audit;
             7)    Komite atau fungsi nominasi dan remunerasi                              7)   The nomination and remuneration committee
                   Emiten atau Perusahaan Publik, paling           174-181                      or function of the Issuer or Public Company, at
                   sedikit memuat:                                                              least containing:




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                        a)     Nama dan jabatannya dalam                                         a)   Name and position in committee
                               keanggotaan komite;                                                    membership;
                        b)     Usia;                                                             b)   Age;
                        c)     Kewarganegaraan;                                                  c)   Nationality;
                        d)     Riwayat pendidikan;                                               d)   Educational history;
                        e)     Riwayat jabatan, meliputi informasi:                              e)   Position history, including information on:
                               (1) Dasar hukum penunjukan sebagai                                     (1)    Legal basis for appointment as
                                   anggota komite;                                                           committee member;
                               (2) Rangkap jabatan, baik sebagai                                      (2)    Concurrent positions, either
                                   anggota Dewan Komisaris,                                                  as a member of the Board of
                                   anggota Direksi, dan/atau anggota                                         Commissioners, member of the
                                   komite serta jabatan lainnya (jika                                        Board of Directors, and/or committee
                                   ada); dan                                                                 member and other positions (if any);
                                                                                                             and
                               (3) Pengalaman kerja beserta periode                                   (3)    Work experience and period of time
                                   waktunya baik di dalam maupun                                             both inside and outside the Issuer or
                                   di luar Emiten atau Perusahaan                                            Public Company;
                                   Publik;
                        f)     Periode dan masa jabatan anggota                                  f)   Period and term of office of the
                               komite;                                                                committee members;
                        g)     Pernyataan independensi komite;                                   g)   Statement of committee independence;

                        h)     Pendidikan dan/atau pelatihan yang                                h)   Training and/or competency improvement
                               telah diikuti dalam tahun buku (jika                                   that have been followed in the fiscal year
                               ada); dan                                                              (if any);
                        i)     Uraian tugas dan tanggung jawab;                                  i)   Description of duties and responsibilities;

                        j)     Pernyataan bahwa telah memiliki                                   j)   A statement that it has a guideline or
                               pedoman atau piagam (charter) komite;                                  charter;
                        k)     Kebijakan dan pelaksanaan tentang                                 k)   Policies and implementation of the
                               frekuensi rapat komite dan tingkat                                     frequency of meetings and the level of
                               kehadiran anggota komite dalam rapat                                   attendance of members at the meeting;
                               tersebut;
                        l)     uraian singkat pelaksanaan kegiatan                               l)   Brief description of the implementation of
                               pada tahun buku; dan                                                   activities in the fiscal year; and
                        m)     dalam hal tidak dibentuk komite                                   m) In the event that no nomination and
                               nominasi dan remunerasi, Emiten                                      remuneration committee is formed, the
                               atau Perusahaan Publik cukup                                         Issuer or Public Company is sufficient to
                               mengungkapkan informasi                                              disclose the information as referred to in
                               sebagaimana dimaksud dalam                                           letter i) to letter l) and disclose:
                               huruf i) sampai dengan huruf l) dan
                               mengungkapkan:
                               (1) alasan tidak dibentuknya komite;                                   (1)    Reasons for not forming the
                                   dan                                                                       committee; and
                               (2) pihak yang melaksanakan fungsi                                     (2)    The party carrying out the
                                   nominasi dan remunerasi;                                                  nomination and remuneration
                                                                                                             function;




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                                                                   Halaman
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             8)    Komite lain yang dimiliki Emiten atau                                   8)   Other committees owned by Issuers or Public
                   Perusahaan Publik dalam rangka                                               Companies in order to support the functions
                   mendukung fungsi dan tugas Direksi (jika                                     and tasks of the Board of Directors (if any)
                   ada) dan/atau komite yang mendukung                                          and/or committees that support the functions
                   fungsi dan tugas Dewan Komisaris, paling                                     and duties of the Board of Commissioners, the
                   sedikit memuat:                                                              least contains:
                   a)   Nama dan jabatannya dalam                                               a)   Name and position in the Committee;
                        keanggotaan komite;
                   b)   Usia;                                                                   b)   Age;
                   c)   Kewarganegaraan;                                                        c)   Citizenship;
                   d)   Riwayat pendidikan;                                                     d)   Education background;
                   e)   Riwayat jabatan, meliputi informasi:                                    e)   History of position, including:
                        (1) Dasar hukum penunjukan sebagai                                           (1)    Legal basis for the appointment as
                            anggota komite;                                                                 member of the committee;
                        (2) Rangkap jabatan, baik sebagai                                            (2)    Dual position, as member of Board
                            anggota Dewan Komisaris,                                                        of Commissioners, member of Board
                            anggota Direksi, dan/atau anggota                                               of Directors, and/or member of
                            komite serta jabatan lainnya (jika                                              committee, and other position (if
                            ada); dan                                                                       any); and
                        (3) Pengalaman kerja beserta periode                                         (3)    Working experience and period in
                            waktunya baik di dalam maupun            182                                    and outside the Issuer or Public
                            di luar Emiten atau Perusahaan                                                  Company;
                            Publik;
                   f)   Periode dan masa jabatan anggota                                        f)   Period and terms of office of the member
                        komite;                                                                      of Audit Committee;
                   g)   Pernyataan independensi komite;                                         g)   Statement of committee independence;
                   h)   Pendidikan dan/atau pelatihan yang                                      h)   Training and/or competency improvement
                        telah diikuti dalam tahun buku (jika                                         that have been followed in the fiscal year
                        ada); dan                                                                    (if any); and


                   i)   Uraian tugas dan tanggung jawab;                                        i)   Description of duties and responsibilities;


                   j)   Pernyataan bahwa telah memiliki                                         j)   A statement that the committee has had
                        pedoman atau piagam (charter) komite;                                        guidelines or charters;


                   k)   Kebijakan dan pelaksanaan tentang                                       k)   Policies and implementation of the
                        frekuensi rapat komite dan tingkat                                           frequency of committee meetings and
                        kehadiran anggota komite dalam rapat                                         the level of attendance of committee
                        tersebut;                                                                    members at the meeting; and
                   l)   uraian singkat pelaksanaan kegiatan                                     l)   A brief description of the committee’s
                        pada tahun buku; dan                                                         activities for the fiscal year;
             9)    Sekretaris Perusahaan, mencakup antara                                  9)   Corporate Secretary, including:
                   lain:
                   a)   nama;                                                                   a)   name;
                   b)   domisili;                                                               b)   domicile;
                   c)   riwayat jabatan, meliputi informasi:                                    c)   history of position, including:
                        (1) dasar hukum penunjukan sebagai                                           (1)    legal basis for the appointment as
                            Sekretaris Perusahaan; dan                                                      Corporate Secretary; and
                        (2) pengalaman kerja beserta periode                                         (2)    working experience and period in and
                            waktunya baik di dalam maupun          182-185                                  outside the Issuer or Public Company;
                            di luar Emiten atau Perusahaan
                            Publik;
                   d)   riwayat pendidikan;                                                     d)   education background;

                   e)   pendidikan dan/atau pelatihan yang                                      e)   education and/or training during the year
                        diikuti dalam tahun buku; dan                                                under review; and
                   f)   uraian singkat pelaksanaan tugas                                        f)   brief description on the implementation
                        Sekretaris Perusahaan pada tahun                                             of duties of the Corporate Secretary in the
                        buku;                                                                        year under review;


             10)   Unit Audit Internal, mencakup antara lain:                              10) Internal Audit Unit, among others including:
                                                                   186-189
                   a)   Nama kepala Unit Audit Internal;                                        a)   Name of Head of Internal Audit Unit;




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      Performance Highlights                         Corporate Profile             Management Report                        Business Support Unit




                                                                         Halaman
                                   Keterangan                                                                Description
                                                                          Page

                        b)     Riwayat jabatan, meliputi informasi:                               b)   History of position, including:
                               (1) Dasar hukum penunjukan sebagai                                      (1)    Legal basis for the appointment as
                                   Kepala Audit Internal; dan                                                 Head of Internal Audit Unit; and
                               (2) Pengalaman kerja beserta periode                                    (2)    Working experience and period in
                                   waktunya baik di dalam maupun                                              and outside the Issuer or Public
                                   di luar Emiten atau Perusahaan                                             Company;
                                   Publik;
                        c)     Kualifikasi atau sertifikasi sebagai                               c)   Qualification or certification as internal
                               profesi audit internal (jika ada);                                      auditor (if any);
                        d)     Pendidikan dan/atau pelatihan yang                                 d)   Education and/or training during the year
                               diikuti dalam tahun buku;                                               under review;
                        e)     Struktur dan kedudukan Unit Audit                                  e)   Structure and position of Internal Audit
                               Internal;                                                               Unit;
                        f)     Uraian tugas dan tanggung jawab;                                   f)   Description of duties and responsibilities;

                        g)     Pernyataan bahwa telah memiliki                                    g)   Statement that the Internal Audit Unit has
                               pedoman atau piagam (charter) Unit                                      already have Internal Audit Unit charter;
                               Audit Internal; dan                                                     and
                        h)     Uraian singkat pelaksanaan tugas Unit                              h)   Brief description on the implementation of
                               Audit Internal pada tahun buku;                                         duty of Internal Audit Unit during the year
                                                                                                       under review;
                  11)   Uraian mengenai sistem pengendalian                                  11) Description on internal control system adopted
                        internal (internal control) yang diterapkan                              by the Issuer or Public Company, at least
                        oleh Emiten atau Perusahaan Publik, paling                               covering:
                        sedikit mengenai:
                        a)     Pengendalian keuangan dan                                          a)   Financial and operational control, and
                               operasional, serta kepatuhan terhadap                                   compliance to the other prevailing rules;
                               peraturan perundang-undangan              190-192                       and
                               lainnya; dan
                        b)     Tinjauan atas efektivitas sistem                                   b)   Review on the effectiveness of internal
                               pengendalian internal;                                                  control systems;
                        c)     Pernyataan Direksi dan/atau Dewan                                  c)   Statement of the Board of Directors
                               Komisaris atas kecukupan sistem                                         and/or Board of Commissioners on the
                               pengendalian internal;                                                  adequacy of the internal control system;
                  12)   Sistem manajemen risiko yang diterapkan                              12) Risk management system implemented by the
                        oleh Emiten atau Perusahaan Publik, paling                               company, at least includes:
                        sedikit mengenai:
                        a)     Gambaran umum mengenai sistem                                      a)   General description about the company’s
                               manajemen risiko Emiten atau                                            risk management system the Issuer or
                               Perusahaan Publik;                                                      Public Company;
                        b)     Jenis risiko dan cara pengelolaannya;                              b)   Types of risk and the management; and
                               dan                                       192-200
                        c)     Tinjauan atas efektivitas sistem                                   c)   Review the effectiveness of the risk
                               manajemen risiko Emiten atau                                            management system applied by the Issuer
                               Perusahaan Publik;                                                      or Public Company;
                        d)     Pernyataan Direksi dan/atau Dewan                                  d)   Statement of the Board of Directors and/
                               Komisaris atau komite audit atas                                        or the Board of Commissioners or the
                               kecukupan sistem manajemen risiko;                                      audit committee on the adequacy of the
                                                                                                       risk management system;
                  13)   Perkara hukum yang berdampak material                                13) Legal cases that have a material impact faced
                        yang dihadapi oleh Emiten atau Perusahaan                                by Issuers or Public Companies, subsidiaries,
                        Publik, entitas anak, anggota Direksi dan                                members of the Board of Directors and
                        anggota Dewan Komisaris (jika ada), antara                               members of the Board of Commissioners (if
                        lain meliputi:                                                           any), at least contain:
                        a)     Pokok perkara/gugatan;                      200                    a)   Substance of the case/claim;
                        b)     Status penyelesaian perkara/gugatan;                               b)   Status of settlement of case/claim; and
                               dan
                        c)     Pengaruhnya terhadap kondisi Emiten                                c)   Potential impacts on the condition of the
                               atau Perusahaan Publik;                                                 Issuer or Public Company;
                  14)   Informasi tentang sanksi administratif yang                          14) information about administrative sanctions
                        dikenakan kepada Emiten atau Perusahaan                                  imposed to Issuer or Public Company, members
                        Publik, anggota Dewan Komisaris dan                                      of the Board of Commissioners and the Board
                                                                           200
                        Direksi, oleh otoritas Pasar Modal dan                                   of Directors, by the Capital Market Authority
                        otoritas lainnya pada tahun buku (jika ada);                             and other authorities during the last fiscal year
                                                                                                 (if any);




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Analisis dan Pembahasan Manajemen                Laporan Tata Kelola Perusahaan   Tanggung Jawab Sosial Perusahaan Terintegrasi/Laporan Keberlanjutan
Management Discussion and Analysis                Corporate Governance Report         Integrated Corporate Social Responsibility/Sustainability Report




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                            Keterangan                                                                      Description
                                                                     Page

             15)   Informasi mengenai kode etik Emiten atau                                 15) information about codes of conduct of the
                   Perusahaan Publik meliputi:                                                  Issuer or Public Company, includes:
                   a)   Pokok-pokok kode etik;                                                   a)   Key points of the code of conduct;
                   b)   Bentuk sosialisasi kode etik dan upaya                                   b)   Socialization of the code of conduct and
                        penegakannya; dan                           201-202                           enforcement; and
                   c)   Pernyataan bahwa kode etik berlaku                                       c)   Statement that the code of conduct is
                        bagi anggota Direksi, anggota Dewan                                           applicable for the Board of Commissioners,
                        Komisaris, dan karyawan Emiten atau                                           the Board of Directors, and employees of
                        Perusahaan Publik;                                                            the Issuer of Public Company;
             16)   Uraian singkat mengenai kebijakan                                        16) A brief description of the policy of providing
                   pemberian kompensasi jangka panjang                                          long-term performance-based compensation to
                   berbasis kinerja kepada manajemen dan/                                       management and/or employees owned by the
                   atau karyawan yang dimiliki oleh Emiten                                      Issuer or Public Company (if any), including the
                   atau Perusahaan Publik (jika ada), antara lain                               management stock ownership program (MSOP)
                   berupa program kepemilikan saham oleh                                        and/or program employee stock ownership
                   manajemen (management stock ownership                                        (ESOP);
                   program/MSOP) dan/atau program
                   kepemilikan saham oleh karyawan (employee
                   stock ownership program/ESOP); Dalam hal
                   pemberian kompensasi berupa program
                   kepemilikan saham oleh manajemen
                   (management stock ownership program/
                   MSOP) dan/atau program kepemilikan                 201
                   saham oleh karyawan (employee stock
                   ownership program/ESOP), informasi yang
                   diungkapkan paling sedikit memuat:
                   a)   jumlah saham dan/atau opsi;                                              a)   Number of shares and/or options;
                   b)   jangka waktu pelaksanaan;                                                b)   Implementation period;
                   c)   persyaratan karyawan dan/atau                                            c)   Requirements for eligible employees and/
                        manajemen yang berhak; dan                                                    or management; and
                   d)   harga pelaksanaan atau penentuan                                         d)   Exercise price or determination of exercise
                        harga pelaksanaan;                                                            price;
             17)   Uraian singkat mengenai kebijakan                                        17) A brief description of the information
                   pengungkapan informasi mengenai:                                             disclosure policy regarding:
                   a)   Kepemilikan saham anggota Direksi                                        a)   Share ownership of members of the Board
                        dan anggota Dewan Komisaris paling                                            of Directors and members of the Board
                        lambat 3 (tiga) hari kerja setelah          200-201                           of Commissioners no later than 3 (three)
                        terjadinya kepemilikan atau setiap                                            working days after the occurrence of
                        perubahan kepemilikan atas saham                                              ownership or any change in ownership of
                        Perusahaan Terbuka; dan                                                       shares of a Public Company; and
                   b)   Pelaksanaan atas kebijakan dimaksud;                                     b)   Implementation of the policy;
             18)   Uraian mengenai sistem pelaporan                                         18) Description of whistleblowing system at the
                   pelanggaran (whistleblowing system) di                                       Issuer or Public Company (if any), among others
                   Emiten atau Perusahaan Publik (jika ada),                                    include:
                   antara lain meliputi:
                   a)   Cara penyampaian laporan                                                 a)   Mechanism for violation reporting;
                        pelanggaran;
                   b)   Perlindungan bagi pelapor;                                               b)   Protection for the whistleblower;
                   c)   Penanganan pengaduan;                                                    c)   Handling of violation reports;
                                                                    204-205
                   d)   Pihak yang mengelola pengaduan; dan                                      d)   Unit responsible for handling of violation
                                                                                                      report; and
                   e)   Hasil dari penanganan pengaduan,                                         e)   Results from violation report handling, at
                        paling sedikit meliputi:                                                      least includes:
                        (1) Jumlah pengaduan yang masuk                                               (1)    Number of complaints received and
                            dan diproses dalam tahun buku;                                                   processed during the fiscal year; and
                            dan
                        (2) Tindak lanjut pengaduan;                                                  (2)    Follow up of complaints;




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           Kilas Kinerja                             Profil Perusahaan              Laporan Manajemen                      Unit Pendukung Bisnis
      Performance Highlights                          Corporate Profile             Management Report                       Business Support Unit




                                                                          Halaman
                                   Keterangan                                                               Description
                                                                           Page

                  19)   Uraian mengenai kebijakan anti korupsi                                 19) A description of the anti-corruption policy
                        Emiten atau Perusahaan Publik, paling                                      of the Issuer or Public Company, at least
                        sedikit memuat:                                                            containing:
                        a)     program dan prosedur yang dilakukan                                  a)   Programs and procedures implemented in
                               dalam mengatasi praktik korupsi,                                          overcoming corrupt practices, kickbacks,
                               balas jasa (kickbacks), fraud, suap dan/                                  fraud, bribery and/or gratification in
                               atau gratifikasi dalam Emiten atau                                        Issuers or Public Companies; and
                               Perusahaan Publik; dan
                        b)     pelatihan/sosialisasi anti korupsi                                   b)   Anti-corruption training/socialization to
                               kepada karyawan Emiten atau                                               employees of Issuers or Public Companies;
                               Perusahaan Publik;
                                                                          203-204
                  20)   Penerapan atas Pedoman Tata Kelola                                     20) Implementation of the Guidelines of Corporate
                        Perusahaan Terbuka bagi Emiten yang                                        Governance for Public Companies for Issuer
                        menerbitkan Efek Bersifat Ekuitas atau                                     issuing Equity-based Securities or Public
                        Perusahaan Publik, meliputi:                                               Company, including:


                        a)     pernyataan mengenai rekomendasi                                      a)   statement regarding recommendation
                               yang telah dilaksanakan; dan/atau                                         that have been implemented; and/or
                        b)     penjelasan atas rekomendasi yang                                     b)   description of recommendation that have
                               belum dilaksanakan, disertai alasan dan                                   not been implemented, along with the
                               alternatif pelaksanaannya (jika ada);                                     reason and alternatives of implementation
                                                                                                         (if any);
              h. Tanggung Jawab Sosial dan Lingkungan Emiten                              h.   Social and Environmental Responsibility of the Issuer
                 atau Perusahaan Publik                                                        or Public Company
                  1)    Informasi yang diungkapkan dalam bagian                                1)   The information disclosed in the social and
                        tanggung jawab sosial dan lingkungan                                        environmental responsibility section is a
                        merupakan Laporan Keberlanjutan                                             Sustainability Report as referred to in the
                        (Sustainability Report) sebagaimana               208-242                   Financial Services Authority Regulation
                        dimaksud dalam Peraturan Otoritas Jasa                                      Number 51/POJK.03/2017 concerning the
                        Keuangan Nomor 51/POJK.03/2017 tentang                                      Implementation of Sustainable Finance for
                        Penerapan Keuangan Berkelanjutan bagi                                       Financial Services Institutions, Issuers, and
                        Lembaga Jasa Keuangan, Emiten, dan                                          Public Companies, at at least includes:
                        Perusahaan Publik, paling sedikit memuat:
                        a)     penjelasan strategi keberlanjutan;                                   a)   Explanation of the sustainability strategy;
                        b)     ikhtisar aspek keberlanjutan (ekonomi,                               b)   Overview of sustainability aspects
                               sosial, dan lingkungan hidup);                                            (economic, social, and environmental);
                        c)     profil singkat Emiten atau Perusahaan                                c)   Brief profile of the Issuer or Public
                               Publik;                                                                   Company;
                        d)     penjelasan Direksi;                                                  d)   Explanation of the Board of Directors;
                        e)     tata kelola keberlanjutan;                                           e)   Sustainability governance;
                                                                             √
                        f)     kinerja keberlanjutan;                                               f)   Sustainability performance;
                        g)     verifikasi tertulis dari pihak                                       g)   Written verification from an independent
                               independen, jika ada;                                                     party, if any;
                        h)     lembar umpan balik (feedback) untuk                                  h)   Feedback sheet for readers, if any; and
                               pembaca, jika ada; dan
                        i)     anggapan Emiten atau Perusahaan                                      i)   The response of the Issuer or Public
                               Publik terhadap umpan balik laporan                                       Company to the previous year’s report
                               tahun sebelumnya;                                                         feedback;
                  2)    Laporan Keberlanjutan sebagaimana                                      2)   The Sustainability Report as referred to in
                        dimaksud pada angka 1), harus disusun                                       number 1) must be prepared in accordance
                        sesuai Pedoman Teknis Penyusunan Laporan                                    with the Technical Guidelines for the
                        Keberlanjutan (Sustainability Report) Bagi                                  Preparation of a Sustainability Report for
                                                                             √
                        Emiten dan Perusahaan Publik sebagaimana                                    Issuers and Public Companies as contained in
                        tercantum dalam Lampiran II yang                                            Appendix II which is an integral part of this
                        merupakan bagian tidak terpisahkan dari                                     Financial Services Authority Circular Letter;
                        Surat Edaran Otoritas Jasa Keuangan ini;
                  3)    Informasi Laporan Keberlanjutan                                        3)   Information on the Sustainability Report in
                        (Sustainability Report) pada angka 1) dapat:                                number 1) can:
                        a)     diungkapkan pada bagian lain yang                                    a)   Disclosed in other relevant sections
                               relevan di luar bagian tanggung                                           outside the Social and Environmental
                               jawab sosial dan lingkungan, seperti          √                           Responsibility section, such as the
                               penjelasan Direksi terkait Laporan                                        Directors’ explanation regarding the
                               Keberlanjutan diungkapkan dalam                                           Sustainability Report disclosed in the
                               bagian terkait Laporan Direksi; dan/                                      section related to the Directors’ Report;
                               atau                                                                      and/or




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Analisis dan Pembahasan Manajemen              Laporan Tata Kelola Perusahaan   Tanggung Jawab Sosial Perusahaan Terintegrasi/Laporan Keberlanjutan
Management Discussion and Analysis              Corporate Governance Report         Integrated Corporate Social Responsibility/Sustainability Report




                                                                  Halaman
                            Keterangan                                                                  Description
                                                                   Page

                   b)   merujuk pada bagian lain di luar                                       b)   Refers to other sections outside the
                        bagian tanggung jawab sosial dan                                            Social and Environmental Responsibility
                        lingkungan dengan tetap mengacu                                             section by still referring to the Technical
                        pada Pedoman Teknis Penyusunan                                              Guidelines for the Preparation of
                        Laporan Keberlanjutan (Sustainability                                       Sustainability Reports for Issuers and
                        Report) Bagi Emiten dan Perusahaan                                          Public Companies as listed in Appendix II
                        Publik sebagaimana tercantum dalam                                          which is an integral part of this Financial
                        Lampiran II yang merupakan bagian                                           Services Authority Circular Letter, such
                        tidak terpisahkan dari Surat Edaran                                         as the profile of the Issuer or Public
                        Otoritas Jasa Keuangan ini, seperti                                         Company;
                        profil Emiten atau Perusahaan Publik;


              4)   Laporan Keberlanjutan (Sustainability                                  4)   The Sustainability Report as referred to in
                   Report) sebagaimana dimaksud pada angka                                     number 1) is an inseparable part of the Annual
                   1) merupakan bagian yang tidak terpisahkan         √                        Report but can be presented separately from
                   dari Laporan Tahunan namun dapat disajikan                                  the Annual Report;
                   secara terpisah dengan Laporan Tahunan;
              5)   Dalam hal Laporan Keberlanjutan disajikan                              5)   In the event that the Sustainability Report is
                   secara terpisah dengan Laporan Tahunan,                                     presented separately from the Annual Report,
                   informasi yang diungkapkan dalam Laporan                                    the information disclosed in the Sustainability
                   Keberlanjutan dimaksud harus:                                               Report must:
                   a)   memuat seluruh informasi                                               a)   Contains all the information as referred to
                        sebagaimana dimaksud pada angka                                             in number 1); and
                        1); dan
                                                                      √
                   b)   disusun sesuai Pedoman Teknis                                          b)   Prepared in accordance with the Technical
                        Penyusunan Laporan Keberlanjutan                                            Guidelines for the Preparation of a
                        (Sustainability Report) Bagi Emiten                                         Sustainability Report for Issuers and Public
                        dan Perusahaan Publik sebagaimana                                           Companies as listed in Appendix II which is
                        tercantum dalam Lampiran II yang                                            an integral part of this Financial Services
                        merupakan bagian tidak terpisahkan                                          Authority Circular Letter;
                        dari Surat Edaran Otoritas Jasa
                        Keuangan ini;
              6)   Dalam hal Laporan Keberlanjutan disajikan                              6)   In the event that the Sustainability Report
                   secara terpisah dengan Laporan Tahunan,                                     is presented separately from the Annual
                   maka dalam bagian tanggung jawab sosial                                     Report, then the Social and Environmental
                   dan lingkungan memuat informasi bahwa                                       Responsibility section contains information
                   informasi mengenai tanggung jawab sosial           √                        that information on Social and Environmental
                   dan lingkungan telah diungkapkan dalam                                      Responsibility has been disclosed in the
                   Laporan Keberlanjutan yang disajikan secara                                 Sustainability Report which is presented
                   terpisah dari Laporan Tahunan; dan                                          separately from the Annual Report; and


              7)   Penyampaian Laporan Keberlanjutan                                      7)   Submission of the Sustainability Report which
                   (Sustainability Report) yang disajikan                                      is presented separately from the Annual
                   secara terpisah dengan Laporan Tahunan             √                        Report must be submitted together with the
                   harus disampaikan bersamaan dengan                                          Annual Report.
                   penyampaian Laporan Tahunan.
          i   Laporan Keuangan Tahunan yang Telah Diaudit                             i   Audited Annual Financial Statement
              Laporan keuangan tahunan yang dimuat                                        Financial Statements included in Annual Report
              dalam Laporan Tahunan disusun sesuai dengan                                 should be prepared in accordance with the Financial
              Standar Akuntansi Keuangan di Indonesia dan                                 Accounting Standards in Indonesia and audited by
              telah diaudit oleh Akuntan. Laporan keuangan                                an Accountant. The said financial statement should
              dimaksud memuat pernyataan mengenai                                         be included with statement of responsibility for
              pertanggungjawaban atas laporan keuangan                √                   financial report as stipulated in the legislations
              sebagaimana diatur dalam peraturan perundang-                               in the Capital Markets sector governing the
              undangan di sektor Pasar Modal yang mengatur                                responsibility of the Board of Directors on the
              mengenai tanggung jawab Direksi atas laporan                                financial report or the legislations in the Capital
              keuangan atau peraturan perundang-undangan                                  Markets sector governing the periodic reports
              di sektor Pasar Modal yang mengatur mengenai                                of securities company in the event the Issuer is a
              laporan berkala Perusahaan Efek dalam hal Emiten                            Securities Company; and
              merupakan Perusahaan Efek; dan
          j   Surat Pernyataan Anggota Direksi dan Anggota                            j   Letter of Statement of the Board of Directors
              Dewan Komisaris tentang Tanggung Jawab atas                                 and the Board of Commissioners regarding the
              Laporan Tahunan                                                             Responsibility for Annual Reporting
              Surat pernyataan anggota Direksi dan anggota                                Letter of statement of the Board of Directors
              Dewan Komisaris tentang tanggung jawab atas                                 and the Board of Commissioners regarding the
              Laporan Tahunan disusun sesuai dengan format                                responsibility for Annual Reporting should be
              Surat Pernyataan Anggota Direksi dan Anggota            √                   prepared according to the format of letter of
              Dewan Komisaris tentang Tanggung Jawab                                      statement of member of Board of Directors and the
              atas Laporan Tahunan sebagaimana tercantum                                  Board of Commissioners regarding the responsibility
              dalam Lampiran yang merupakan bagian tidak                                  for Annual Reporting as attached in the Attachment,
              terpisahkan dari Surat Edaran Otoritas Jasa                                 which is an integral part of this Circulation Letter of
              Keuangan ini.                                                               the Financial Services Authority.




                                                                                                           2023 Annual Report Bakrieland            265
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                       Daftar Isi                                       Table of Contents



                                                      Halaman/
                                                       Page

Surat pernyataan direksi                                                          Board of directors’ statement

Laporan auditor independen                                                        Independent auditor’s report

Laporan posisi keuangan konsolidasian                    1        Consolidated statements of financial position

Laporan laba rugi dan penghasilan komprehensif lain               Consolidated statements of profit or loss and
 konsolidasian                                           4                     other comprehensive income

Laporan perubahan ekuitas konsolidasian                  6       Consolidated statements of changes in equity

Laporan arus kas konsolidasian                           7              Consolidated statements of cash flows

Catatan atas laporan keuangan konsolidasian              9       Notes to the consolidated financial statements
Page 270

          
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PT BAKRIELAND DEVELOPMENT Tbk                                                   PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                AND SUBSIDIARIES
LAPORAN POSISI KEUANGAN                                                         CONSOLIDATED STATEMENTS OF
KONSOLIDASIAN                                                                   FINANCIAL POSITION
31 DESEMBER 2023 DAN 2022                                                       DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                              (Expressed in millions of Rupiah, unless otherwise
lain)                                                                           stated)




                                                  Catatan/
                                                   Notes                 2023               2022
ASET                                                                                                                                       ASSETS

Aset Lancar                                                                                                                        Current Assets
Kas dan setara kas                             3d,3h,3i,6,44,45           133.760             148.136                   Cash and cash equivalents
Piutang usaha                                                                                                                    Trade receivables
    Pihak ketiga - neto                           3i,7,44,45              281.398             220.930                        Third parties - net
    Pihak berelasi - neto                     3f,3i,7,38a,44,45            51.966              92.488                     Related parties - net
Piutang lain-lain                                                                                                                Other receivables
    Pihak ketiga - neto                          3i,8a,44,45               829.714            834.314                        Third parties - net
Persediaan - neto                                    3j,9                1.036.866          1.263.231                             Inventories - net
Pajak dibayar di muka                               3s,26a                      17                  -                                Prepaid taxes
Beban dibayar di muka dan uang muka                 3g,10                   97.314            108.447              Prepaid expenses and advances
Total Aset Lancar                                                        2.431.035          2.667.546                          Total Current Assets


Aset Tidak Lancar                                                                                                              Non-Current Assets
Dana dalam pembatasan                          3d,3i,11,44,45              60.785              64.307                               Restricted funds
Piutang pihak berelasi - neto                  3f,3i,38c,44,45             59.069              73.441                 Due from related parties - net
Piutang lain-lain jangka panjang                                                                                        Long-term other receivables
    Pihak ketiga - neto                          3i,8b,44,45               82.465              91.417                          Third parties - net
Penyertaan saham pada                                                                                                  Investment in shares of stock
    Entitas Asosiasi - neto                      3i, 3l,12,45              177.010            234.166                in Associated Entities - net
Tanah untuk pengembangan                             3k,13               2.703.895          2.669.840                         Land for development
Uang muka pembelian tanah                             14                   668.455            726.253                 Advance for purchase of land
Properti investasi - neto                           3m,15                  428.174            445.646                    Investment properties - net
Aset tetap - neto                                3n,3o,3p,16             1.059.365          1.170.213                              Fixed assets - net
Aset pajak tangguhan                                3s,26f                  25.831             21.974                           Deferred tax assets
Goodwill                                             3c,17                 895.223          1.704.838                                        Goodwill
Aset lain-lain - neto                            3i,18,44,45                47.746             43.818                              Other assets - net
Total Aset Tidak Lancar                                                  6.208.018          7.245.913                     Total Non-Current Assets
TOTAL ASET                                                               8.639.053          9.913.459                             TOTAL ASSETS




Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian
yang tidak terpisahkan dari laporan keuangan konsolidasian secara               The accompanying notes to the consolidated financial statements are an
keseluruhan.                                                                    integral part of these consolidated financial statements.

                                                                          1
Page 280
PT BAKRIELAND DEVELOPMENT Tbk                                                   PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                AND SUBSIDIARIES
LAPORAN POSISI KEUANGAN                                                         CONSOLIDATED STATEMENTS OF
KONSOLIDASIAN                                                                   FINANCIAL POSITION
31 DESEMBER 2023 DAN 2022                                                       DECEMBER 31, 2023 AND 2022,
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                              (Expressed in millions of Rupiah, unless otherwise
lain)                                                                           stated)




                                                  Catatan/
                                                   Notes                  2023                2022
LIABILITAS DAN EKUITAS                                                                                                 LIABILITIES AND EQUITY
LIABILITAS                                                                                                                             LIABILITIES
Liabilitas Jangka Pendek                                                                                                       Current Liabilities
Utang bank jangka pendek                         3i,19,44,45              345.071             421.109                      Short-term bank loans
Pembiayaan Musyarakah                                                                                                     Short-term Musyarakah
    dan pinjaman dari pihak                                                                                                       financing and
    selain bank jangka pendek                    3bb,20,44                    11.850               300                           non-bank loan
Utang usaha                                                                                                                         Trade payables
    Pihak ketiga                                 3i,21,44,45              115.451             117.248                              Third parties
Utang lain-lain                                                                                                                      Other payables
    Pihak ketiga                                3i,22a,44,45              192.576             270.433                              Third parties
Beban masih harus dibayar dan provisi           3i,23,44,45               558.212             492.405             Accrued expenses and provision
Liabilitas imbalan kerja karyawan                                                                                            Short-term employee
    jangka pendek                                   3u,37                  83.840             114.404                        benefits liabilities
Uang muka pelanggan                          3i,3r,24,38e,44,45           294.382             291.010                   Advances from customers
Pendapatan ditangguhkan                           3r,25,38f                 9.160               7.625                              Deferred income
Utang pajak                                         3s,26b                306.630             326.657                                Taxes payable
Liabilitas jangka panjang jatuh tempo                                                                                        Current maturities of
    dalam satu tahun:                                                                                                         long-term debts:
    Utang bank                                   3i,27,44,45                  62.271            55.753                               Bank loans
    Pembiayaan musyarakah                           3bb,28                     5.175             2.010                  Musyarakah financing
    Utang usaha                                  3i,29,44,45                  17.194            17.194                         Trade payables
                                                                                                                         Liability for purchase
    Utang pembelian aset tetap                   3i,3p,44,45                    695                738                      of fixed assets
Total Liabilitas Jangka Pendek                                           2.002.507          2.116.886                       Total Current Liabilities
Liabilitas Jangka Panjang                                                                                                 Non-Current Liabilities
Pendapatan ditangguhkan                           3r,25,38f                    7.359            5.704                            Deferred income
Uang muka pelanggan                             3i,3r,24,38e                  71.563          100.200                    Advances from customers
Liabilitas imbalan kerja                            3u,37                     34.570           49.183                   Employee benefits liabilites
Utang pihak berelasi                           3f,3i,38d,44,45                19.804           26.266                        Due to related parties
Utang lain-lain jangka panjang                                                                                           Long-term other payables
    Pihak ketiga                                3i,22b,44,45                  78.181           60.619                             Third parties
Liabilitas jangka panjang - setelah
    dikurangi bagian jatuh tempo                                                                                 Long-term debts - net of current
    dalam satu tahun:                                                                                                                     maturities:
    Utang bank                                   3i,27,44,45              190.140             201.600                                 Bank loans
    Pembiayaan musyarakah                           3bb,28                 61.793              70.424                   Musyarakah financing
                                                                                                                          Liability for purchase
    Utang pembelian aset tetap                   3i,3p,44,45                    254                517                       of fixed assets
Cadangan atas penggantian                                                                                    Reserve for replacement of operating
    perabotan dan peralatan operasional            3v,3w                       5.419             3.787                furniture and equipment
Liabilitas pajak tangguhan                         3s,26f                     36.218            36.426                       Deferred tax liabilities
Total Liabilitas Jangka Panjang                                           505.301             554.726                  Total Non-Current Liabilities
Total Liabilitas                                                         2.507.808          2.671.612                              Total Liabilities




Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian
yang tidak terpisahkan dari laporan keuangan konsolidasian secara               The accompanying notes to the consolidated financial statements are an
keseluruhan.                                                                    integral part of these consolidated financial statements.

                                                                          2
Page 281
PT BAKRIELAND DEVELOPMENT Tbk                                                PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                             AND SUBSIDIARIES
LAPORAN POSISI KEUANGAN                                                      CONSOLIDATED STATEMENTS OF
KONSOLIDASIAN                                                                FINANCIAL POSITION
31 DESEMBER 2023 DAN 2022                                                    DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                           (Expressed in millions of Rupiah, unless otherwise
lain)                                                                        stated)




                                                Catatan/
                                                 Notes               2023               2022
EKUITAS                                                                                                                                    EQUITY
Ekuitas yang dapat diatribusikan                                                                                 Equity attributable to Owners of
   kepada Pemilik Entitas Induk                                                                                              the Parent Entity
Modal saham - nilai nominal                                                                                             Capital stock - par value
   saham seri A Rp 500 per saham dan                                                                            A series of Rp 500 per share
   saham seri B Rp 100 per saham                                                                          and B series of Rp 100 per share
   (angka penuh)                                                                                                                 (full amount)
Modal dasar - (angka penuh)                                                                                     Authorized capital - (full amount)
   1.400.000.000 saham seri A                                                                             1,400,000,000 shares for A series
   dan 93.000.000.000 saham seri B                                                                              and 93,000,000,000 shares
                                                                                                                                   for B series
Ditempatkan dan disetor penuh -                                                                              Issued and fully paid - (full amount)
    (angka penuh)                                                                                         1,400,000,000 shares for A series
    1.400.000.000 saham seri A                                                                                  and 42,121,913,019 shares
    dan 42.121.913.019 saham seri B                30                4.912.191         4.912.191                                   for B series
Tambahan modal disetor - neto                 3q,3t,3cc,31           2.753.462         2.753.462                   Additional paid-in capital - net
Komponen ekuitas lainnya                           40                 (749.908)         (761.863)                     Other component of equity
Defisit                                                             (1.289.866)         (210.674)                                            Deficit
Ekuitas yang diatribusikan                                                                                       Equity attributable to owners of
   kepada pemilik entitas induk                                     5.625.879          6.693.116                             the parent entity
Kepentingan non-pengendali                       3b,41a               505.366            548.731                         Non-controlling interest
Total Ekuitas                                                       6.131.245          7.241.847                                      Total Equity
TOTAL LIABILITAS DAN EKUITAS                                        8.639.053          9.913.459            TOTAL LIABILITIES AND EQUITY




Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian
yang tidak terpisahkan dari laporan keuangan konsolidasian secara            The accompanying notes to the consolidated financial statements are an
keseluruhan.                                                                 integral part of these consolidated financial statements.

                                                                         3
Page 282
PT BAKRIELAND DEVELOPMENT Tbk                                                  PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                               AND SUBSIDIARIES
LAPORAN LABA RUGI DAN PENGHASILAN                                              CONSOLIDATED STATEMENTS OF PROFIT OR LOSS
KOMPREHENSIF LAIN KONSOLIDASIAN                                                AND OTHER COMPREHENSIVE INCOME
UNTUK TAHUN YANG BERAKHIR PADA                                                 FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                                      DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                             (Expressed in millions of Rupiah, unless otherwise
lain)                                                                          stated)




                                                Catatan/
                                                 Notes               2023                 2022
PENDAPATAN NETO                                3r,32,38a            1.273.390           1.027.232                                NET REVENUES
BEBAN POKOK PENDAPATAN                           3r,33                   836.539          681.982                          COST OF REVENUES

LABA BRUTO                                                            436.851              345.250                              GROSS PROFIT
Beban penjualan                                 3r,34a                (18.183)             (18.277)                              Selling expenses
Beban umum dan administrasi                 3m,3n,3r,34b,39          (324.970)            (361.170)          General and administrative expenses
Kerugian penurunan nilai goodwill                 17                 (809.615)                   -                Loss on impairment of goodwill
Beban bunga dan                                                                                                             Interest expense and
    keuangan - neto                              3r,35                   (74.649)         (103.604)                    financial charges - net
Bagian atas rugi neto Entitas                  3c,3i,3aa,
    Asosiasi                                   3ee,5a,12                 (46.035)         (16.226)               Share in net loss of an Associate
Beban pajak final                               3s,26c                   (16.020)         (10.325)                               Final tax expense
Laba (rugi) selisih kurs - neto                    3h                    (12.879)         104.170            Gain (loss) on foreign exchange - net
Kerugian atas pembongkaran
    bangunan                                     15,16                    (4.477)          (34.363)               Loss from demolition of building
Rugi atas pembatalan penjualan                                                                                   Loss on unit cancellation of sales
    unit rumah dan apartemen                      7,9                     (3.350)          (31.105)                residential and apartments
Laba (rugi) atas penjualan dan                                                                                    Gain (loss) on sale and disposal
    penghapusan aset tetap dan                                                                                             of fixed assets and
    properti investasi - neto                 3m,3n,15,16                 (1.870)              309                 investment properties - net
Kerugian neto yang diasosiasikan
    dengan hilangnya pengendalian                                                                                      Net loss associated with the
    atas Entitas Anak                               5                       -             (641.688)              loss of control of a Subsidiary
Lain-lain - neto                                   36                (242.043)             (17.980)                                     Others - net

RUGI SEBELUM MANFAAT (BEBAN)                                                                                       LOSS BEFORE INCOME TAX
PAJAK PENGHASILAN                                                  (1.117.240)            (785.009)                      BENEFIT (EXPENSE)

MANFAAT (BEBAN) PAJAK                                                                                                     INCOME TAX BENEFIT
PENGHASILAN                                      3s,26d                                                                            (EXPENSE)
Tangguhan                                                                  3.433             1.940                                    Deferred
Tahun berjalan                                                            (8.750)           (6.550)                                Current year

Beban Pajak Penghasilan - Neto                                            (5.317)           (4.610)                    Income Tax Expense - Net
RUGI NETO                                                          (1.122.557)            (789.619)                                     NET LOSS




Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian
yang tidak terpisahkan dari laporan keuangan konsolidasian secara              The accompanying notes to the consolidated financial statements are an
keseluruhan.                                                                   integral part of these consolidated financial statements.

                                                                           4
Page 283
PT BAKRIELAND DEVELOPMENT Tbk                                                   PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                AND SUBSIDIARIES
LAPORAN LABA RUGI DAN PENGHASILAN                                               CONSOLIDATED STATEMENTS OF PROFIT OR LOSS
KOMPREHENSIF LAIN KONSOLIDASIAN                                                 AND OTHER COMPREHENSIVE INCOME
UNTUK TAHUN YANG BERAKHIR PADA                                                  FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                                       DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                              (Expressed in millions of Rupiah, unless otherwise
lain)                                                                           stated)




                                                 Catatan/
                                                  Notes                  2023                2022
PENGHASILAN (RUGI)                                                                                                     OTHER COMPREHENSIVE
KOMPREHENSIF LAIN                                                                                                                 INCOME (LOSS)
Pos-pos yang tidak akan direklasifikasi                                                                         Items that will not be reclassified
   lebih lanjut ke laba rugi:                                                                                  subsequently to profit or loss:
   Kerugian aktuarial                             3u,37                   (1.647)              (3.350)                          Actuarial losses
   Pajak penghasilan terkait                      3s,26f                     632                1.073                       Related income tax
Pos-pos yang akan direklasifikasi                                                                                  Items that will be reclassified
   lebih lanjut ke laba rugi:                                                                                  subsequently to profit or loss:
   Selisih kurs penjabaran laporan                                                                                 Exchange differences due to
       keuangan                                                           24.091             (113.066)      financial statements translation
   Rugi yang belum direalisasi                                                                                               Unrealized loss on
       investasi pada entitas asosiasi                                   (11.121)                    -              investment in associate
Penghasilan (Rugi) Komprehensif                                                                                           Other Comprehensive
Lain - Setelah Pajak                                                      11.955             (115.343)                Income (Loss) - Net of Tax
RUGI KOMPREHENSIF NETO                                               (1.110.602)             (904.962)             NET COMPREHENSIVE LOSS

Rugi Neto yang dapat
   Diatribusikan Kepada:                                                                                              Net Loss Attributable to:
   Pemilik Entitas Induk                                             (1.079.192)             (245.309)             Owners of the Parent Entity
   Kepentingan non-pengendali                     3b,41b                (43.365)             (544.310)                Non-controlling interest
Total                                                                (1.122.557)             (789.619)                                        Total

Total Rugi Komprehensif yang                                                                                        Total Comprehensive Loss
   dapat Diatribusikan Kepada:                                                                                                Attributable to:
   Pemilik Entitas Induk                                             (1.067.237)             (360.652)             Owners of the Parent Entity
   Kepentingan non-pengendali                     3b,41b                (43.365)             (544.310)                Non-controlling interest
Total                                                                (1.110.602)             (904.962)                                        Total
                                                                                                                        BASIC/DILUTED LOSS
RUGI NETO PER SAHAM                                                                                                              PER SHARE
DASAR/DILUSIAN DIATRIBUSIKAN                                                                                      ATTRIBUTABLE TO OWNERS
KEPADA PEMILIK ENTITAS INDUK                                                                                                OF THE PARENT
(Angka Penuh)                                     3y,42                   (25,79)              (18,14)                         (Full Amount)




Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian
yang tidak terpisahkan dari laporan keuangan konsolidasian secara               The accompanying notes to the consolidated financial statements are an
keseluruhan.                                                                    integral part of these consolidated financial statements.

                                                                          5
Page 284
PT BAKRIELAND DEVELOPMENT Tbk                                                                                                        PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                                                                     AND SUBSIDIARIES
LAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN                                                                                              CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY
UNTUK TAHUN YANG BERAKHIR PADA                                                                                                       FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                                                                                            DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                                                             (Expressed in millions of Rupiah, unless otherwise stated)




                                                   Ekuitas Yang Dapat Diatribusikan Kepada Pemilik Entitas Induk / Equity Attributable To Owners Of The Parent Entity

                                                                                    Komponen Ekuitas Lainnya /
                                                                                   Other Component of Equity
                                                                                            Selisih Kurs
                                                                                                 atas
                                                                                            Penjabaran
                                                                                              Laporan
                                                                                             Keuangan/
                                  Modal Saham                                                 Foreign
                                   Ditempatkan                           Keuntungan         Exchange
                                       dan              Tambahan         (Kerugian)         Differences                                Saldo Laba (Defisit)/
                                  Disetor Penuh/       Modal Disetor/     Aktuarial/            from                               Retained Earnings (Deficit)                          Kepentingan
                                  Capital Stock         Additional        Actuarial          Financial                          Ditentukan       Belum Ditentukan                      Non-pengendali/
                                   Issued and            Paid-In            Gains           Statements           Lain-lain/   Penggunaannya/      Penggunaannya/        Total/         Non-controlling    Total Ekuitas/
                                    Fully Paid           Capital          (Losses)          Translation           Others       Appropriated       Unappropriated        Total              interest       Total Equity
                                                                                                                                                                                                                                         Balance as of
Saldo 1 Januari 2022                   4.912.191            2.755.000          24.576              (755.530)        84.434             33.966                      -    7.054.637            1.092.998        8.147.635             January 1, 2022
Cadangan khusus                                -                     -              -                      -              -                  -                  669              669                 -              669                 Special reserve
Reklasifikasi                                  -                     -              -                      -              -            (33.966)              33.966                -                 -                 -                Reclassification
Perubahan kepemilikan pada                                                                                                                                                                                                        Changes of ownership
   Entitas Anak                                -               (1.538)              -                      -              -                  -                     -        (1.538)                43             (1.495)             in Subsidiary
Rugi neto tahun berjalan                       -                     -              -                      -              -                  -              (245.309)    (245.309)            (544.310)        (789.619)            Net loss for the year
Rugi komprehensif lain                                                                                                                                                                                                        Other comprehensive loss
   tahun berjalan                              -                     -         (2.277)             (113.066)              -                  -                     -     (115.343)                   -         (115.343)               for the year
                                                                                                                                                                                                                                        Balance as of
Saldo 31 Desember 2022                 4.912.191            2.753.462          22.299              (868.596)        84.434                   -              (210.674)   6.693.116             548.731         7.241.847          December 31, 2022
Rugi neto tahun berjalan                       -                     -              -                      -              -                  -            (1.079.192)   (1.079.192)            (43.365)      (1.122.557)            Net loss for the year
Penghasilan (rugi) komprehensif                                                                                                                                                                                             Other comprehensive income
   lain tahun berjalan                         -                     -         (1.015)               24.091        (11.121)                  -                     -       11.955                    -           11.955             (loss) for the year
                                                                                                                                                                                                                                        Balance as of
Saldo 31 Desember 2023                 4.912.191            2.753.462          21.284              (844.505)        73.313                   -            (1.289.866)   5.625.879             505.366         6.131.245             December 31, 2023




Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian yang tidak terpisahkan dari laporan                           The accompanying notes to the consolidated financial statements are an integral part of these consolidated
keuangan konsolidasian secara keseluruhan.                                                                                           financial statements.

                                                                                                                               6
Page 285
PT BAKRIELAND DEVELOPMENT Tbk                                                   PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                AND SUBSIDIARIES
LAPORAN ARUS KAS KONSOLIDASIAN                                                  CONSOLIDATED STATEMENT OF CASH FLOWS
UNTUK TAHUN YANG BERAKHIR PADA                                                  FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                                       DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                              (Expressed in millions of Rupiah, unless otherwise
lain)                                                                           stated)




                                                  Catatan/
                                                   Notes                 2023              2022
ARUS KAS DARI AKTIVITAS                                                                                                        CASH FLOWS FROM
OPERASI                                                                                                                   OPERATING ACTIVITIES
Penerimaan kas dari pelanggan                                        1.231.368            1.165.637                   Cash received from customers
Pembayaran kas kepada pemasok                                         (777.978)            (661.926)                           Cash paid to suppliers
Pembayaran kas kepada karyawan                                        (190.787)            (189.602)                         Cash paid to employees
Pembayaran kas untuk beban umum,                                                                                 Cash paid for general, administrative
  administrasi dan lain-lain                                             (122.532)         (121.357)                          and other expenses
Kas yang diperoleh dari operasi                                          140.071            192.752                    Cash provided from operations
Penerimaan bunga                                                           4.476              1.851                                  Interest received
Pembayaran beban bunga                                                                                               Payment of interest expense and
  dan keuangan                                                            (74.962)          (87.255)                            financial charges
Pembayaran pajak                                                          (33.312)          (17.273)                                     Tax payment
Kas Neto yang Diperoleh dari                                                                                                    Net Cash Provided by
  Aktivitas Operasi                                                       36.273             90.075                            Operating Activities

ARUS KAS DARI AKTIVITAS                                                                                                        CASH FLOWS FROM
INVESTASI                                                                                                                    INVESTING ACTIVITIES
Penerimaan (pembayaran) piutang                                                                                       Receipts (payment) of due from
  pihak berelasi - neto                              38                   14.078            (10.498)                     from related parties - net
Penerimaan piutang lainnya - neto                     8                   13.553             10.508               Receipt from other receivables - net
Penerimaan dana dalam pembatasan - neto              11                    3.863              4.143               Receipts from restricted funds - net
Penerimaan penjualan aset tetap                                                                                    Proceeds from sale of fixed assets
  dan properti investasi                            15,16                   1.640             2.005                    and investment properties
Perolehan aset tetap                                 16                   (25.973)          (16.009)                        Acquisition of fixed assets
Pengembalian (pembayaran) uang                                                                                         Refund (payment) of advance
  muka pembelian tanah dan tanah                                                                                    payment for purchase of land
  untuk pengembangan - neto                         13,14                 (11.993)          248.804                and land for development- net
Penerimaan aset ventura bersama                      18                       -               2.668                    Receipt of joint venture assets
Kas Neto yang Diperoleh dari (Digunakan                                                                               Net Cash Provided by (Used in)
  untuk) Aktivitas Investasi                                               (4.832)          241.621                           Investing Activities

ARUS KAS DARI AKTIVITAS                                                                                                        CASH FLOWS FROM
PENDANAAN                                                                                                                   FINANCING ACTIVITIES
Penerimaan utang lain-lain - neto                    22                   35.231             38.426                  Receipts for other payables - net
Penerimaan (pembayaran) pinjaman                                                                                   Receipts (payments) for short-term
  Musyarakah dan pinjaman dari pihak                                                                                   Musyarakah financing and
  selain bank jangka pendek - neto                   20                   11.550               (105)                          non-bank loan - net
Pembayaran utang                                                                                                                         Payments for
  bank jangka pendek - neto                          19                   (75.700)         (307.057)                  short-term bank loans - net
Penerimaan (pembayaran)                                                                                                       Receipts (payments) for
  utang pihak berelasi - neto                        38                    (6.168)              810                    due to related parties - net
Pembayaran pembiayaan                                                                                                         Payments for long-term
  Musyarakah jangka panjang - neto                   28                    (5.466)                 -                  Musyarakah financing - net
Pembayaran utang bank                                                                                                         Payments for long-term
  jangka panjang - neto                              27                    (4.942)          (35.323)                              bank loans - net
Penerimaan (pembayaran) utang                                                                                      Receipts (payments) for liability for
  pembelian aset tetap - neto                                                 (306)             325                 purchase of fixed assets - net
Kas Neto yang Digunakan untuk                                                                                                       Net Cash Used in
  Aktivitas Pendanaan                                                     (45.801)         (302.924)                           Financing Activities




Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian
yang tidak terpisahkan dari laporan keuangan konsolidasian secara               The accompanying notes to the consolidated financial statements are an
keseluruhan.                                                                    integral part of these consolidated financial statements.

                                                                          7
Page 286
PT BAKRIELAND DEVELOPMENT Tbk                                                   PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                AND SUBSIDIARIES
LAPORAN ARUS KAS KONSOLIDASIAN                                                  CONSOLIDATED STATEMENT OF CASH FLOWS
UNTUK TAHUN YANG BERAKHIR PADA                                                  FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                                       DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                              (Expressed in millions of Rupiah, unless otherwise
lain)                                                                           stated)




                                                 Catatan/
                                                  Notes              2023                 2022

KENAIKAN (PENURUNAN) NETO                                                                                         NET INCREASE (DECREASE) IN
KAS DAN SETARA KAS                                                       (14.360)           28.772               CASH AND CASH EQUIVALENTS

PENGARUH PERUBAHAN                                                                                                     EFFECTS OF EXCHANGE
KURS MATA UANG PADA                                                                                                        RATE CHANGES ON
KAS DAN SETARA KAS                                                            (16)               62              CASH AND CASH EQUIVALENTS

KAS DAN SETARA KAS                                                                                               CASH AND CASH EQUIVALENTS
AWAL TAHUN                                           6                   148.136           119.302                 AT BEGINNING OF THE YEAR
KAS DAN SETARA KAS                                                                                               CASH AND CASH EQUIVALENTS
AKHIR TAHUN                                          6                   133.760            148.136                      AT END OF THE YEAR


Lihat Catatan 49 atas laporan keuangan konsolidasian untuk                      See Note 49 to the consolidated financial statements for the
informasi tambahan arus kas.                                                    supplementary cash flows information.




Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian
yang tidak terpisahkan dari laporan keuangan konsolidasian secara               The accompanying notes to the consolidated financial statements are an
keseluruhan.                                                                    integral part of these consolidated financial statements.

                                                                          8
Page 287
PT BAKRIELAND DEVELOPMENT Tbk                                  PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                               AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                  FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                 FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                      DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan             (Expressed in millions of Rupiah, unless otherwise
lain)                                                          stated)

1.   UMUM                                                      1.   GENERAL

     a. Pendirian Perusahaan dan Informasi Umum                     a. Establishment of the Company and General
                                                                       Information

       PT Bakrieland Development Tbk (“Perusahaan”)                   PT     Bakrieland     Development     Tbk    (“The
       didirikan pada tanggal 12 Juni 1990 berdasarkan                Company”) was established with Notarial Deed
       Akta Notaris No. 209 dari John Leonard                         No. 209 of John Leonard Waworuntu, S.H., dated
       Waworuntu, S.H. Akta pendirian Perusahaan                      June 12, 1990. The Company’s Deed of
       disahkan oleh Menteri Kehakiman Republik                       establishment was approved by the Minister of
       Indonesia dalam Surat Keputusan No. C2-                        Justice of the Republic of Indonesia per Decision
       1978.HT.01.01.TH.91 tanggal 31 Mei 1991 dan                    Letter No. C2-1978.HT.01.01.TH.91 dated
       diumumkan dalam Berita Negara Republik                         May 31, 1991 and was published in the State
       Indonesia No. 93 tanggal 19 November 1991.                     Gazette No. 93 dated November 19, 1991. The
       Anggaran Dasar Perusahaan telah mengalami                      Company’s Articles of Association have been
       beberapa     kali   perubahan,     di  antaranya,              amended several times, among others, based on
       berdasarkan Akta Notaris No. 29 dari Harun                     the Notarial Deed No. 29 of Harun Kamil, S.H.,
       Kamil, S.H., tanggal 3 April 1997, mengenai                    dated April 3, 1997, regarding the change of the
       perubahan nama Perusahaan dari PT Elang                        Company’s name from PT Elang Realty Tbk to PT
       Realty Tbk menjadi PT Bakrieland Development                   Bakrieland Development Tbk. This change was
       Tbk. Perubahan ini telah disetujui oleh Menteri                approved by the Minister of Justice of the
       Kehakiman Republik Indonesia dalam Surat                       Republic of Indonesia per Decision Letter No. C2-
       Keputusan No. C2-3097.HT.01.04.Th.97 tanggal                   3097.HT.01.04.Th.97 dated April 25, 1997.
       25 April 1997. Perubahan Anggaran Dasar                        Subsequent changes to the Company’s Article of
       Perusahaan selanjutnya berdasarkan pada Akta                   Association were based on Notarial Deed No. 216
       Notaris Sutjipto, S.H., M.Kn., No. 216 tanggal 23              of Sutjipto, S.H., M.Kn., dated June 23, 2008
       Juni 2008 mengenai perubahan Anggaran Dasar                    regarding amendments to the Company’s Article
       Perusahaan dalam rangka penyesuaian terhadap                   of Association in order to be in line with Law No.
       Undang-Undang Republik Indonesia No. 40                        40 of 2007 concerning Limited Liability
       Tahun 2007 tentang Perseroan Terbatas.                         Companies. This amendment was approved by
       Perubahan ini telah disetujui oleh Menteri Hukum               the Ministry of Law and Human Rights in its
       dan Hak Asasi Manusia dengan Surat Keputusan                   Decision Letter No. AHU-58505-AH.01.02 Year
       No. AHU-58505-AH.01.02 Tahun 2008 tanggal                      2008 dated September 3, 2008 and published in
       3 September 2008 dan diumumkan dalam Berita                    State Gazette No. 96, Supplement No. 25686
       Negara No. 96 Tambahan No. 25686 tanggal 28                    dated November 28, 2008. The latest amendment
       November 2008. Perubahan terakhir berdasarkan                  was based on Notarial Deed No. 4 of Aulia
       Akta Notaris No. 4 dari Aulia Taufani, S.H.,                   Taufani, S.H., dated September 1, 2021. The
       tanggal 1 September 2021. Para pemegang                        Company’s shareholders through a Stockholders’
       saham Perusahaan, melalui Rapat Umum                           Annual General Meeting approved the amended
       Pemegang        Saham      Tahunan     menyetujui              Company’s Articles of Association in order to be
       perubahan Anggaran Dasar Perusahaan untuk                      in line with the Regulation of Indonesia Financial
       disesuaikan dengan Peraturan Otoritas Jasa                     Services      Authority   No.    15/POJK.04/2020
       Keuangan No.15/POJK.04/2020 tentang Rencana                    concerning Planning and Holding a General
       Penyelenggaraan Rapat Umum Pemegang                            Meeting of Shareholders of Public Limited
       Saham Perusahaan Terbuka secara elektronik.                    Companies electronically. This amendment was
       Perubahan ini telah disetujui oleh Menteri                     approved by the Ministry of Law and Human
       Hukum        dan      Hak      Asasi     Manusia               Rights of the Republic in Indonesia in its Decision
       Republik Indonesia dalam Surat Keputusan                       Letter No. AHU-0156725.AH.01.11. Year 2021
       No. AHU-0156725.AH.01.11.Tahun 2021 tanggal                    dated September 14, 2021.
       14 September 2021.

       Sesuai dengan pasal 3 Anggaran Dasar                           According to Article 3 of the Articles of
       Perusahaan, ruang lingkup kegiatan Perusahaan                  Association, the scope of the Company’s activities
       meliputi bidang konstruksi (termasuk real estat),              comprises construction (including real estate),
       perdagangan besar dan jasa (termasuk kegiatan                  whole sale and services (including professional,
       profesional, ilmiah dan teknis).                               scientific and technical activities).

       Perusahaan berdomisili di Jakarta dan kantor                   The Company is domiciled in Jakarta and its head
       pusat berlokasi di Gedung Wisma Bakrie 1 Lantai                office is located at Wisma Bakrie 1, 6th Floor, Jl.
       6, Jl. H.R. Rasuna Said Kav. B1, Jakarta Selatan.              H.R. Rasuna Said Kav. B1, South Jakarta.
       Saat ini Grup memiliki properti yang terletak di               Currently, the Group owns properties located in
       Jakarta, Bogor, Lampung, Yogyakarta dan                        Jakarta, Bogor, Lampung, Yogyakarta and
       Sidoarjo.                                                      Sidoarjo.



                                                           9
Page 288
PT BAKRIELAND DEVELOPMENT Tbk                                    PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                 AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                    FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                   FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                        DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan               (Expressed in millions of Rupiah, unless otherwise
lain)                                                            stated)

1.   UMUM (Lanjutan)                                             1.   GENERAL (Continued)

       Perusahaan mulai beroperasi secara komersial                     The Company started its commercial operations
       pada tahun 1990.                                                 in 1990.

       PT Bakrie Capital Indonesia, didirikan di Republik               PT Bakrie Capital Indonesia, established in the
       Indonesia, adalah pemegang saham dan                             Republic of Indonesia, is the shareholder and
       pengendali Perusahaan.                                           controller of the Company.

       Pada tanggal 31 Desember 2023 dan 2022,                          As of December 31, 2023 and 2022, the Group’s
       pemegang saham terbesar Grup adalah                              largest shareholder is KPD Simas Equity Fund 2,
       KPD Simas Equity Fund 2, yang merupakan                          an investment company based in Indonesia.
       perusahaan investasi yang berbasis di Indonesia.

     b. Penawaran      Umum     Efek    dan     Obligasi              b. Public Offering of Shares and Bonds of The
        Perusahaan                                                       Company

       Pada tanggal 13 Oktober 1995, Perusahaan telah                   On October 13, 1995, the Company received an
       memperoleh pernyataan efektif dari Ketua Badan                   effective statement letter from the Chairman of
       Pengawas        Pasar    Modal      (BAPEPAM)                    the Capital Markets Supervisory Agency
       No. S-1304/PM/1995       untuk       melakukan                   (BAPEPAM) No. S-1304/PM/1995 to undertake
       Penawaran Umum Perdana kepada masyarakat                         an Initial Public Offering of its 110 million shares
       atas 110 juta lembar saham dengan nilai nominal                  with a par value of Rp500 per share through the
       Rp500 per lembar saham melalui Bursa Efek                        Jakarta Stock Exchange at the offering price of
       Jakarta dengan harga penawaran Rp625 per                         Rp625 per share. The Company listed all its
       lembar saham. Perusahaan telah mencatatkan                       shares issued on the Jakarta Stock Exchange on
       seluruh sahamnya di Bursa Efek Jakarta pada                      October 30, 1995.
       tanggal 30 Oktober 1995.

       Pada tanggal 15 September 1997, Perusahaan                       On September 15, 1997, the Company conducted
       melakukan Penawaran Umum Terbatas I dengan                       its Limited Public Offering I through pre-emptive
       Hak Memesan Efek Terlebih Dahulu (HMETD)                         rights to issue 1.05 billion shares with a par value
       atas 1,05 miliar lembar saham dengan nilai                       and offering price of Rp500 per share. All the
       nominal dan harga penawaran Rp500 per lembar                     shares were listed on the Jakarta Stock
       saham. Seluruh saham telah dicatatkan di Bursa                   Exchange on October 6, 1997.
       Efek Jakarta pada tanggal 6 Oktober 1997.

       Pada tanggal 22 November 2005, Perusahaan                        On November 22, 2005, the Company conducted
       melakukan Penawaran Umum Terbatas II dengan                      its Limited Public Offering II through pre-emptive
       HMETD atas 4,2 miliar lembar saham biasa Seri                    rights to issue 4.2 billion shares Series B with a
       B dengan nilai nominal Rp100 per lembar saham                    par value of Rp100 per share and an offering
       dan harga penawaran Rp150 per lembar saham                       price of Rp150 per share, all of which were
       yang seluruh saham yang ditempatkan dan                          issued, fully paid for and listed on the Jakarta
       disetor penuh telah dicatatkan di Bursa Efek                     Stock Exchange on December 12, 2005.
       Jakarta pada tanggal 12 Desember 2005.
       Pada tanggal 16 April 2007, Perusahaan                           On April 16, 2007, the Company received an
       memperoleh Surat Pemberitahuan Efektif atas                      Effective Notification Letter on the Share
       Pernyataan Pendaftaran Emisi Saham dari Ketua                    Issuance Registration Statement from the
       Bapepam-LK untuk melakukan Penawaran Umum                        Chairman of Bapepam-LK to conduct a Limited
       Terbatas III dengan HMETD atas 14 miliar saham                   Public Offering III, through the pre-emptive rights
       biasa Seri B dengan nominal Rp100 per lembar                     to issue 14 billion Series B shares with a par
       saham dan harga penawaran Rp200 per lembar                       value Rp100 per share and an offering price of
       saham, yang seluruh saham ditempatkan dan                        Rp200 per share, all of which were issued, fully
       disetor penuh telah dicatatkan di Bursa Efek                     paid for and listed on the Jakarta Stock Exchange
       Jakarta pada tanggal 1 Mei 2007. Dengan                          on May 1, 2007. With the issuance of these
       diterbitkannya saham tersebut, maka jumlah                       shares, the total number of the Company’s shares
       saham Perusahaan yang telah dicatatkan di                        listed on the Jakarta Stock Exchange came to
       Bursa Saham Jakarta menjadi sebanyak                             19.6 billion shares.
       19,6 miliar lembar saham.




                                                            10
Page 289
PT BAKRIELAND DEVELOPMENT Tbk                                        PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                     AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                        NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                        FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                       FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                            DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                   (Expressed in millions of Rupiah, unless otherwise
lain)                                                                stated)

1.   UMUM (Lanjutan)                                                 1.    GENERAL (Continued)

        Berkenaan dengan Penawaran Umum Terbatas                                  In regards to Limited Public Offering III, the
        III, Perusahaan juga menerbitkan Waran Seri I, di                         Company also issued Series I Warrants, of which
        mana untuk setiap 50 saham baru hasil                                     every 50 new shares resulting from the exercise
        pelaksanaan HMETD tersebut melekat 7 Waran                                of the Pre-emptive Rights are attached to
        Seri I yang diberikan cuma-cuma sebagai insentif                          7 (seven) Series I Warrants which were given free
        bagi pemegang saham Perusahaan dan/atau                                   of charge as an incentive for the Company's
        pemegang HMETD yang melaksanakan haknya.                                  Shareholders and/or Pre-emptive Right holders
                                                                                  who exercise their rights.

        Pada tanggal 28 Februari 2008, Perusahaan telah                           On February 28, 2008, the Company received an
        mendapatkan pemberitahuan efektif pernyataan                              effective registration notification in regards to the
        pendaftaran dalam rangka Penawaran Umum                                   Public Offering of Bakrieland Development Bonds
        Obligasi I Bakrieland Development Tahun 2008                              I Year 2008 with Fixed Interest Rate from the
        dengan Tingkat Bunga Tetap dari Badan                                     Capital Markets and Financial Institution
        Pengawas Pasar Modal dan Lembaga Keuangan                                 Supervisory     Agency      through      Letter   No.
        berdasarkan Surat No. S-1220/BL/2008.                                     S-1220/BL/2008.

        Pada tanggal 25 Juni 2010, Perusahaan                                     On June 25, 2010, the Company received the
        memperoleh Surat Pemberitahuan Efektif atas                               Effective Notification Letter for Share Issuance
        Pernyataan Pendaftaran Emisi Saham dari ketua                             Registration Statement from Bapepam-LK to
        Bapepam-LK untuk melakukan Penawaran Umum                                 conduct a Limited Public Offering IV, through the
        Terbatas IV dengan HMETD atas 19,96 miliar                                preemptive rights to issue 19.96 billion shares
        lembar saham biasa seri B dengan nominal                                  Series B with a par value of Rp100 per share at
        Rp100 per lembar saham dan harga penawaran                                an offering price of Rp160 per share. With the
        Rp160 per lembar saham. Dengan diterbitkannya                             issuance of these shares, the total shares listed
        saham tersebut, maka jumlah saham Perusahaan                              on the stock exchange was 43.52 billion shares.
        yang telah dicatatkan di bursa saham menjadi
        sebanyak 43,52 miliar lembar saham.

        Berkenaan dengan Penawaran Umum Terbatas                                  In regards to Limited Public Offering IV, the
        IV tersebut, Perusahaan juga menerbitkan Waran                            Company also issued Series II Warrants, of which
        – Seri II, di mana untuk setiap 20 saham baru                             every 20 new shares resulting from the exercise
        hasil pelaksanaan HMETD tersebut melekat                                  of the Pre-emptive Rights were attached to
        7 Waran Seri II yang diberikan cuma-cuma                                  7 (seven) Series II Warrants which were given
        sebagai     insentif bagi   pemegang     saham                            free of charge as an incentive for the Company's
        Perusahaan dan/atau pemegang HMETD yang                                   Shareholders and/or Pre-emptive Right holders
        melaksanakan haknya.                                                      who exercise their rights.

     c. Struktur Entitas Anak                                               c. The Structure of Subsidiaries

        Pada tanggal 31 Desember 2023 dan 2022,                                   As of December 31, 2023 and 2022, the
        Perusahaan memiliki Entitas Anak (bersama                                 Company has several Subsidiaries (together with
        dengan Perusahaan disebut sebagai “Grup”)                                 the Company collectively referred to as the
        sebagai berikut:                                                          “Group”) as follows:

                                                                     Persentase                                      Total Aset
                                                                 Kepimilikan                    Tahun           (Sebelum Eliminasi)/
                                                                   Percentage of              Pendirian/           Total Assets
                                              Lokasi Proyek/         Ownership                 Year of          (Before Elimination)
               Entitas Anak / Subsidiaries   Project Domicile       2023     2022           Establishment        2023          2022
        Entitas anak/Subsidiaries
        PT Citrasaudara Abadi ("CSA")           Tangerang                                       1988             401.814       401.766
           (langsung/direct )                                             99,99     99,99
           (melalui/through JBR )                                          0,01      0,01
        PT Krakatau Lampung Tourism             Lampung                                         1994            1.037.776    1.032.683
           Development ("KLTD")
           (langsung/direct )                                             99,88     99,88
        PT Bakrie Swasakti Utama ("BSU")         Jakarta                                        1982            4.008.091    5.154.436
           (langsung/direct )                                             69,63     69,63
           (melalui/through LW-6)                                         30,00     30,00




                                                                11
Page 290
PT BAKRIELAND DEVELOPMENT Tbk                                          PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                       AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                          NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                          FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                         FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                              DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                     (Expressed in millions of Rupiah, unless otherwise
lain)                                                                  stated)

1.   UMUM (Lanjutan)                                                   1.     GENERAL (Continued)

                                                                        Persentase                                 Total Aset
                                                                       Kepemilikan/              Tahun       (Sebelum Eliminasi)/
                                                                       Percentage of           Pendirian/        Total Assets
                                                Lokasi Proyek/          Ownership               Year of      (Before Elimination)
                Entitas Anak / Subsidiaries    Project Domicile        2023    2022          Establishment    2023          2022
        PT Superwish Perkasa ("SP")                 Jakarta                                       2006       1.325.934     1.322.810
           (langsung/direct )                                               69,99    69,99
           (melalui/through LW-6)                                           30,00    30,00
           (melalui/through BSU)                                             0,01     0,01
        PT Bumi Daya Makmur ("BDM")                  Jakarta                                     2006         803.573       804.756
           (langsung/direct )                                               69,99    69,99
           (melalui/through LW-6)                                           30,00    30,00
           (melalui/through BSU)                                             0,01     0,01
        PT Bumi Sentra Investama ("BSI")             Jakarta                                     2009            5.910        2.912
           (langsung/direct ) b)                                            99,99    99,99
        BLD Investment Pte. Ltd. ("BLDI")     Singapura/ Singapore                               2010         233.768       234.154
           (langsung/direct )                                           100,00      100,00
        Limitless World International                Dubai                                       2008         731.318       731.318
           Services-6 Ltd. ("LW-6")
           (langsung/direct ) b)                                        100,00      100,00
        PT Bahana Sukma Sejahtera               Bogor,Jawa Barat/                                1993         800.680       822.089
           ("BSS")                                 West Java
           (langsung/direct )                                               99,96    99,96
           (melalui/through JBR )                                            0,04     0,04
        PT Bakrie Nirwana Realty ("BNR")        Bogor,Jawa Barat/                                2014         247.563       260.923
           (langsung/direct)                       West Java                99,99    99,99
           (melalui/through CSA)                                             0,01     0,01
        PT Jasa Boga Raya ("JBR")               Bogor,Jawa Barat/                                2012            4.525        5.384
           (langsung/direct )                      West Java                85,00    85,00
        PT Surya Global Nusantara ("SGN")           Jakarta                                      2015         521.730       541.349
           (langsung/direct )                                               99,99    99,99
           (melalui/through JBR)                                             0,01     0,01
        PT Prima Bisnis Utama ("PBU")                Jakarta                                     2015         160.200       160.611
           (langsung/direct)                                                99,81    99,81
           (melalui/through JBR)                                             0,09     0,09
        PT Mutiara Masyhur Sejahtera          Sidoarjo,Jawa Timur/                               2005        1.093.856    1.196.151
           ("MMS")                                 East Java
           (langsung/direct)                                                 2,92     2,92
           (melalui/through BSU)                                            36,89    36,89
           (melalui/through BDM)                                             17,2     17,2
           (melalui/through SP)                                              42,2     42,2
        BLD Asia Pte. Ltd. ("BLDA")           Singapura/ Singapore                               2010                -          111
           (melalui/through BLDI)                                       100,00      100,00
        PT Bakrie Pesona Rasuna                     Jakarta                                      1996           53.193       48.305
           (“BPR”)
           (melalui/through BSU)                                            98,80    98,80
        PT Rasuna Residence                         Jakarta                                      2004           63.244       60.215
           Development (“RRD”)
           (melalui/through BSU)                                            99,91    99,91
           (melalui/through BSU)                                             0,09     0,09
        PT Provices Indonesia ("PVI")               Jakarta                                      2007         278.362       239.741
           (melalui/through BSU)                                            99,99    99,99
        PT Graha Multi Insani ("GMI")             Yogyakarta                                     2006         416.546       422.631
           (melalui/through BSU)                                            99,20    99,20
           (melalui/through SP)                                              0,80     0,80
        PT Bakrie Pangripta Loka ("BPL")            Jakarta                                      2008           45.026       46.224
           (langsung/direct)                                                26,00    26,00
           (melalui/through BSU)                                            74,00    74,00
        PT Maju Makmur Sejahtera              Sidoarjo,Jawa Timur/                               2001           49.540       49.546
                    a)
           (“MMSJ”)                                East Java
           (melalui/through MMS)                                            99,00    99,00
        PT Nugraha Adhikarsa Pratama          Sidoarjo,Jawa Timur/                               1997           98.554       98.630
           (“NAP”)                                 East Java
           (melalui/through MMS)                                            99,00    99,00
        PT Inti Permata Sejati                Sidoarjo,Jawa Timur/                               2001         114.484       114.519
           (“IPS”)                                 East Java
           (melalui/through MMS)                                            99,00    99,00




                                                                  12
Page 291
PT BAKRIELAND DEVELOPMENT Tbk                                            PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                         AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                            NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                            FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                           FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                                DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                       (Expressed in millions of Rupiah, unless otherwise
lain)                                                                    stated)

1.   UMUM (Lanjutan)                                                     1.     GENERAL (Continued)

                                                                          Persentase                                     Total Aset
                                                                         Kepemilikan/                 Tahun         (Sebelum Eliminasi)/
                                                                         Percentage of              Pendirian/         Total Assets
                                                 Lokasi Proyek/           Ownership                  Year of        (Before Elimination)
                Entitas Anak / Subsidiaries     Project Domicile         2023    2022             Establishment      2023         2022
        PT Mitra Langgeng Sejahtera            Sidoarjo,Jawa Timur/                                    2004             6.253         6.254
                   a)
           (“MLS”)                                  East Java
           (melalui/through MMS)                                              99,01     99,01
        PT Megah Djati Karya                   Sidoarjo,Jawa Timur/                                   2006              3.124         3.132
                   a)
           (“MDK”)                                  East Java
           (melalui/through MMS)                                              99,00     99,00
        PT Provices Lintas Mandiri                    Jakarta                                         2015              1.999         1.999
           (“PLM”) a)
           (melalui/through PVI)                                              99,95     99,95
        PT Provices Total Mandiri                     Jakarta                                         2015              1.499         1.499
           (“PTM”) a)
           (melalui/through PVI)                                              99,93     99,93
        PT Provices Prima Mandiri                     Jakarta                                         2015              1.619           628
           (“PPM”)
           (melalui/through PVI)                                              99,26     99,26
        PT Provices Karya Mandiri                     Jakarta                                         2016               125            125
           (“PKM”) a)
           (melalui/through PVI)                                              96,00     96,00
        PT Graha Andrasentra                    Bogor,Jawa Barat/                                     1988          1.620.937      1.710.447
           Propertindo Tbk (“GAP”)                 West Java
           (melalui/through SGN)                                              38,76     38,76
        PT Andrasentra Properti                 Bogor,Jawa Barat/                                     2015              3.544         1.863
           Services (“APS”)                        West Java
           (melalui/through GAP)                                              99,99     99,99


        a)   Entitas dalam tahap pengembangan                                         a) Entities under development stage
        b)   Tidak aktif                                                              b) Inactive

       Kegiatan usaha Entitas Anak adalah sebagai                                     Activities of Subsidiaries are as follows:
       berikut:

                        Entitas Anak / Subsidiaries                                             Kegiatan Usaha / Activities

         Kepemilikan langsung / Direct ownership:
         PT Citrasaudara Abadi                                           Real Estat/
                                                                         Real Estate
         PT Krakatau Lampung Tourism Development                         Konstruksi gedung penginapan, hotel, vila, restoran,
                                                                         kafe, kawasan pariwisata/
                                                                         Construction of accomodation building, hotels, vila,
                                                                         restaurants, cafe, tourism areas
         PT Bakrie Swasakti Utama                                        Real estat, konstruksi gedung pendidikan, hunian,
                                                                         perkantoran, penginapan, hiburan dan olahraga,
                                                                         perbelanjaan, industri dan lainnya /
                                                                         Real estate, construction of educational buildings,
                                                                         residential, offices, lodging, entertainment and sports,
                                                                         shopping, industry and others
         PT Superwish Perkasa                                            Konstruksi gedung lainnya/
                                                                         Other building construction
         PT Bumi Daya Makmur                                             Real Estat/
                                                                         Real Estate
         PT Bumi Sentra Investama                                        Real estat dan jasa /
                                                                         Real estate and services
         BLD Investment Pte. Ltd.                                        Investasi dan pendanaan /
                                                                         Investments and refinancing
         Limitless World International Services - 6 Ltd.                 Perusahaan investasi /
                                                                         Investments company




                                                                    13
Page 292
PT BAKRIELAND DEVELOPMENT Tbk                                    PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                 AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                    FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                   FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                        DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan               (Expressed in millions of Rupiah, unless otherwise
lain)                                                            stated)

1.   UMUM (Lanjutan)                                             1.   GENERAL (Continued)

                   Entitas Anak / Subsidiaries                                 Kegiatan Usaha / Activities

         PT Bahana Sukma Sejahtera                               Real estat/
                                                                 Real estate
         PT Bakrie Nirwana Realty                                Real estat/
                                                                 Real estate
         PT Jasa Boga Raya                                       Perdagangan, jasa penyedia makanan dan minuman /
                                                                 Trading, food and beverage services
         PT Surya Global Nusantara                               Pembangunan, perdagangan dan jasa /
                                                                 Construction, trading and services
         PT Prima Bisnis Utama                                   Pembangunan, perdagangan dan jasa /
                                                                 Construction, trading and services
         PT Mutiara Masyhur Sejahtera                            Real estat, konstruksi gedung tempat tinggal dan gedung
                                                                 lainnya, aktivitas telekomunikasi tanpa kabel /
                                                                 Real estate, construction of residential and other
                                                                 buildings, wireless telecommunication activities
         Kepemilikan tidak langsung / Indirect ownership:
         Melalui BSU / Through BSU:
         PT Bakrie Pesona Rasuna                                 Real estat, fasilitas lapangan, pengelolaan fasilitas
                                                                 olahraga, klub kebugaran, aktivitas perparkiran,
                                                                 periklanan, fasilitas gelanggang atau arena/
                                                                 Real estate, court facilities, management sports facilities,
                                                                 fitness clubs, parking activities, advertising, arena
                                                                 facilities
         PT Rasuna Residence Development                         Hotel, restoran, penyedia akomodasi lainnya /
                                                                 Hotels, restaurants, other accommodation providers

         PT Provices Indonesia                                   Kebersihan bangunan dan industri lain, keamanan
                                                                 swasta, jasa sistem keamanan, penyedia tenaga kerja
                                                                 waktu tertentu, penyedia gabungan jasa penunjang
                                                                 fasilitas, kebersihan umum dan bangunan, perawatan
                                                                 dan pemeliharaan taman, real estat /
                                                                 Building and other industrial cleaning, private security,
                                                                 security system services, fixed-time labor provider,
                                                                 combined facility support service provider, public and
                                                                 building cleaning, garden care and maintenance, real
                                                                 estate
         PT Graha Multi Insani                                   Real estat/
                                                                 Real estate
         PT Bakrie Pangripta Loka                                Perdagangan, pembangunan dan jasa /
                                                                 Trading, construction and services
         PT Mutiara Masyhur Sejahtera                            Real estat, konstruksi gedung tempat tinggal dan gedung
                                                                 lainnya, aktivitas telekomunikasi tanpa kabel /
                                                                 Real estate, construction of residential and other
                                                                 buildings, wireless telecommunication activities
         Kepemilikan tidak langsung / Indirect ownership:
         Melalui LW-6 / Through LW-6:
         PT Bakrie Swasakti Utama                                Real estat, properti, apartemen, perhotelan dan
                                                                 perkantoran /
                                                                 Real estate, property, apartment, hotels and office
                                                                 spaces
         PT Bumi Daya Makmur                                     Perdagangan, pembangunan dan jasa /
                                                                 Trading, construction and services
         PT Superwish Perkasa                                    Pembangunan dan real estat /
                                                                 Construction and real estate




                                                            14
Page 293
PT BAKRIELAND DEVELOPMENT Tbk                                    PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                 AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                    FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                   FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                        DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan               (Expressed in millions of Rupiah, unless otherwise
lain)                                                            stated)

1.   UMUM (Lanjutan)                                             1.   GENERAL (Continued)

                   Entitas Anak / Subsidiaries                                 Kegiatan Usaha / Activities
         Kepemilikan tidak langsung / Indirect ownership:
         Melalui BLDI / Through BLDI:
         BLD Asia Pte. Ltd.                                      Investasi dan pendanaan /
                                                                 Investments and refinancing
         Melalui MMS / Through MMS:
         PT Maju Makmur Sejahtera                                Real estat, konstruksi gedung tempat tinggal dan jalan
                                                                 raya, penyiapan lahan, perdagangan/ Real estate,
                                                                 construction of residential buildings and highways, land
                                                                 preparation, trading
         PT Nugraha Adhikarsa Pratama                            Real estat dan perdagangan/ Real estate and trading
         PT Inti Permata Sejati                                  Real estat/
                                                                 Real estate
         PT Mitra Langgeng Sejahtera                             Real estat, konstruksi gedung tempat tinggal dan jalan
                                                                 raya, penyiapan lahan, perdagangan /
                                                                 Real estate, construction of residential buildings and
                                                                 roads, land preparation, trading
         PT Megah Djati Karya                                    Real estat, konstruksi gedung tempat tinggal dan jalan
                                                                 raya, penyiapan lahan, perdagangan /
                                                                 Real estate, construction of residential buildings and
                                                                 roads, land preparation, trading
         Melalui PVI / Through PVI:
         PT Provices Lintas Mandiri                              Pengelola gedung, apartemen dan perumahan /
                                                                 Management of building, apartment and residential area
         PT Provices Total Mandiri                               Pengelola gedung, apartemen dan perumahan /
                                                                 Management of buildings, apartments and residential
                                                                 areas
         PT Provices Prima Mandiri                               Penyedia tenaga kerja waktu tertentu, penyedia
                                                                 gabungan jasa penunjang fasilitas, instalasi saluran air,
                                                                 kebersihan bangunan dan industri lain, kebersihan
                                                                 umum bangunan, aktivitas perparkiran /
                                                                 Provider of certain time workers, combined facility
                                                                 support services, installation of waterways, cleaning of
                                                                 buildings and other industries, general cleaning of
                                                                 buildings, parking activities
         PT Provices Karya Mandiri                               Pengelola gedung, apartemen dan perumahan /
                                                                 Management of buildings, apartments and residential
                                                                 areas
         Melalui SGN / Through SGN:
         PT Graha Andrasentra Propertindo Tbk                    Pengembangan,      perdagangan      dan    jasa     yang
                                                                 berhubungan dengan real estat, properti dan
                                                                 pengelolaan taman hiburan/rekreasi serta hotel /
                                                                 Development, trading and services related to real estate,
                                                                 property and management of theme parks/recreation
                                                                 parks and hotels
         Melalui GAP / Through GAP:
         PT Andrasentra Properti Services                        Pengelola hotel /
                                                                 Hotel management

        Pada tanggal 31 Desember 2023 dan 2022,                         As of December 31, 2023 and 2022
        Limitless World International Services-6 Ltd. dan               Limitless World International Services-6 Ltd. and
        PT Bumi Sentra Investama merupakan Entitas                      PT Bumi Sentra Investama are inactive. While,
        yang tidak aktif beroperasi. Sedangkan,                         PT Maju Makmur Sejahtera, PT Mitra Langgeng
        PT Maju Makmur Sejahtera, PT Mitra Langgeng                     Sejahtera, PT Megah Djati Karya, PT Provices
        Sejahtera, PT Megah Djati Karya, PT Provices                    Lintas Mandiri, PT Provices Total Mandiri and
        Lintas Mandiri, PT Provices Total Mandiri dan                   PT Provices Karya Mandiri are entities under
        PT Provices Karya Mandiri merupakan Entitas                     development.
        yang masih dalam tahap pengembangan.



                                                            15
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PT BAKRIELAND DEVELOPMENT Tbk                                       PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                    AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                       FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                      FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                           DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                  (Expressed in millions of Rupiah, unless otherwise
lain)                                                               stated)

1.   UMUM (Lanjutan)                                                1.   GENERAL (Continued)

     d. Dewan Komisaris, Direksi dan Karyawan                            d. Board of Commissioners, Board of Directors
                                                                            and Employees

        Pada tanggal 31 Desember 2023 dan 2022,                              As of December 31, 2023 and 2022, the
        susunan    Dewan      Komisaris  dan    Direksi                      composition of the Company’s Boards of
        Perusahaan, berdasarkan Akta Notaris Andalia                         Commissioners and Directors, based on Notarial
        Farida, S.H., M.H., No. 20 tanggal 21 Juli 2022                      Deed No. 20 of Andalia Farida, S.H., M.H., dated
        adalah sebagai berikut:                                              July 21, 2022 are as follows:

                                                          2023 dan/and 2022

        Dewan Komisaris                                                                               Board of Commissioners
        Komisaris Utama                                 Bambang Irawan Hendradi                         President Commissioner
        Komisaris                                          Armansyah Yamin                                        Commissioner
        Komisaris Independen                              Kanaka Puradiredja                         Independent Commissioner

        Direksi                                                                                             Board of Directors
        Direktur Utama                                     Ambono Janurianto                                 President Director
        Direktur                                              Fandrizal                                                Director
        Direktur                                              Djafarullah                                              Director


        Pada tanggal 31 Desember 2023 dan 2022,                              As of December 31, 2023 and 2022, the Group
        jumlah karyawan tetap Grup masing-masing                             has a total of 382 and 410 employees
        adalah 382 dan 410 karyawan (tidak diaudit).                         (unaudited), respectively.

        Susunan anggota komite audit pada tanggal                            The composition of the audit committee as of
        31 Desember 2023 dan 2022 adalah sebagai                             December 31, 2023 and 2022 is as follows:
        berikut:

                                                 2023                             2022

        Ketua                             Kanaka Puradiredja             Bambang Irawan Hendradi                      Chairman
        Anggota                            Mohamad Hassan                   Mohamad Hassan                             Member
        Anggota                          Soenarso Soemodiwirjo                Indra Safitri                            Member


        Pada tanggal 31 Desember 2023 dan 2022,                              As of December 31, 2023 and 2022, the
        Sekretaris Perusahaan adalah Harsya Novwan.                          Company’s Corporate Secretary is Harsya
                                                                             Novwan.

     e. Penyelesaian           Laporan         Keuangan                  e. Completion of the Consolidated Financial
        Konsolidasian                                                       Statements

        Manajemen Perusahaan bertanggung jawab atas                          The management of the Company is responsible
        penyusunan laporan keuangan konsolidasian.                           for the preparation of the consolidated financial
        Laporan keuangan konsolidasian ini diselesaikan                      statements. The accompanying consolidated
        dan diotorisasi untuk diterbitkan oleh manajemen                     financial statements were completed and
        Perusahaan pada tanggal 28 Maret 2024.                               authorized for issue by the Company’s
                                                                             management on March 28, 2024.


2.   PERNYATAAN KEPATUHAN                                           2.   STATEMENT OF COMPLIANCE

     Laporan keuangan konsolidasian telah disusun                        The consolidated financial statements have been
     sesuai dengan Standar Akuntansi Keuangan (“SAK”),                   prepared in accordance with Financial Accounting
     yang mencakup Pernyataan dan Interpretasi yang                      Standards (“SAK”), which comprise the Statements
     diterbitkan oleh Dewan Standar Akuntansi Keuangan                   and Interpretations issued by the Board of Financial
     Ikatan Akuntan Indonesia dan Dewan Standar                          Accounting Standards of the Indonesian Institute of
     Akuntansi Syariah Ikatan Akuntan Indonesia, serta                   Accountants and Board of Syariah Financial
     peraturan regulator pasar modal.                                    Accounting Standards of the Indonesian Institute of
                                                                         Accountants, and capital market regulations.


                                                               16
Page 295
PT BAKRIELAND DEVELOPMENT Tbk                                     PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                  AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                     FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                    FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                         DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                (Expressed in millions of Rupiah, unless otherwise
lain)                                                             stated)

3.   KEBIJAKAN AKUNTANSI MATERIAL                                 3.   MATERIAL ACCOUNTING POLICIES

     a. Dasar   Penyusunan       Laporan      Keuangan                 a. Basis of Preparation           of   Consolidated
        Konsolidasian                                                     Financial Statements

       Kebijakan akuntansi penting yang diterapkan                       The principal accounting policies applied in the
       dalam      penyusunan       laporan     keuangan                  preparation of these consolidated financial
       konsolidasian ini adalah selaras dengan kebijakan                 statements are consistent with the accounting
       akuntansi yang diterapkan dalam penyusunan                        policies applied in the preparation of the Group’s
       laporan keuangan konsolidasian Grup untuk                         consolidated financial statements for the year
       tahun      yang     berakhir     pada     tanggal                 ended December 31, 2022, except for the
       31 Desember 2022, kecuali untuk penerapan                         adoption of amended accounting standards
       amendemen standar akuntansi yang berlaku                          effective January 1, 2023 as described in the
       efektif tanggal 1 Januari 2023 seperti yang                       related accounting policies.
       dijelaskan dalam kebijakan akuntansi terkait.

       Efektif tanggal 1 Januari 2023, Grup telah                        Effective January 1, 2023, the Group adopted
       menerapkan      Amendemen PSAK No. 1,                             Amendment to PSAK No. 1, “Presentation of
       “Penyajian     Laporan     Keuangan”     tentang                  Financial Statements” regarding Disclosure of
       Pengungkapan       Kebijakan   Akuntansi    yang                  Accounting Policies; which requires entities to
       mensyaratkan entitas untuk mengungkapkan                          disclose “material accounting policy information”
       “informasi kebijakan akuntansi material” yang                     previously referred to as “Significant accounting
       sebelumnya “Kebijakan akuntansi signifikan” dan                   policies” and clarifies that not all accounting policy
       mengklarifikasi bahwa tidak seluruh informasi                     information related to transactions, events, or
       kebijakan akuntansi terkait dengan transaksi,                     other material conditions is material to the
       kejadian atau kondisi material lainnya adalah                     financial statements.
       material terhadap laporan keuangan.

       Amendemen PSAK 1 juga memberikan contoh-                          Amendment to PSAK 1 also provides examples of
       contoh keadaan di mana entitas mungkin                            situations in which an entity may consider
       mempertimbangkan kebijakan akuntansi menjadi                      accounting policies to be material to its financial
       material terhadap laporan keuangan entitas                        statements.
       tersebut.

       Grup juga telah menerapkan Amendemen PSAK                         The Group also adopted Amendment to PSAK
       No. 1, “Penyajian Laporan Keuangan” tentang                       No. 1 “Presentation of Financial Statements”
       Klasifikasi Liabilitas sebagai Jangka Pendek atau                 regarding Classification of a Liability as Current
       Jangka Panjang dan menentukan persyaratan                         or Non-current, which specify the requirements
       untuk mengklasifikasikan suatu liabilitas sebagai                 for classifying liabilities as current or non-current
       jangka pendek atau jangka panjang dan                             and clarifies:
       menjelaskan:
       (a) Hak        entitas     untuk    menangguhkan                  (a) Entity’s right to defer settlement of liabilities
           penyelesaian liabilitas harus ada pada akhir                      must exist at the end of the reporting period;
           periode pelaporan;
       (b) Klasifikasi tersebut tidak dipengaruhi oleh                   (b) Classification is not affected by the likelihood
           kemungkinan entitas akan menggunakan                              that an entity will exercise its right to defer
           haknya untuk menangguhkan liabilitas;                             settlement of liabilities;
       (c) Bagaimana kondisi pinjaman mempengaruhi                       (c) How loan conditions affect classification; and
           klasifikasi; dan
       (d) Persyaratan untuk entitas mengklasifikasikan                  (d) Requirements for entities to classify liabilities
           liabilitas berdasarkan pada kemampuan                             based on its ability to settle liabilities by
           untuk menyelesaikan liabilitas dengan                             issuing its own equity instruments (only if an
           menerbitkan instrumen ekuitas sendiri (hanya                      embedded derivative in a convertible liability
           jika derivatif melekat pada liabilitas konversi                   is an equity instrument would the terms and
           tersebut adalah suatu instrumen ekuitas,                          conditions of a liability will not impact its
           maka syarat dan ketentuan dari suatu                              classification).
           liabilitas konversi tidak akan berdampak pada
           klasifikasinya).

       Penerapan amendemen ini tidak berdampak                           The adoption of these amendments had no
       terhadap laporan keuangan konsolidasian Grup.                     impact on the Group’s consolidated financial
                                                                         statements.

                                                             17
Page 296
PT BAKRIELAND DEVELOPMENT Tbk                                   PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                  FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                       DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan              (Expressed in millions of Rupiah, unless otherwise
lain)                                                           stated)

3.   KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan)                    3.   MATERIAL ACCOUNTING POLICIES (Continued)

        Laporan keuangan konsolidasian, kecuali laporan                 The consolidated financial statements, except for
        arus kas konsolidasian, disusun secara akrual                   the consolidated statement of cash flows, have
        dengan menggunakan konsep harga perolehan,                      been prepared on the accrual basis using the
        kecuali beberapa akun tertentu disusun                          historical cost basis of accounting, except for
        berdasarkan pengukuran lain sebagaimana                         certain accounts which are measured on the
        diuraikan dalam kebijakan akuntansi masing-                     bases described in the related accounting
        masing akun tersebut.                                           policies for those accounts.

        Efektif tanggal 1 Januari 2023, Grup telah                      Effective January 1, 2023, the Group has
        menerapkan Amendemen PSAK No. 25,                               adopted Amendment to PSAK No. 25,
        “Kebijakan Akuntansi, Perubahan Estimasi                        "Accounting Policies, Changes in Accounting
        Akuntansi,       dan       Kesalahan”;    yang                  Estimates, and Errors," which introduces the
        memperkenalkan definisi estimasi akuntansi dan                  definition of accounting estimates and clarifies:
        mengklarifikasi:
        (a) Teknik estimasi dan teknik penilaian                        (a) Estimation   techniques    and  valuation
            merupakan contoh dari teknik pengukuran                         techniques are examples of measurement
            yang digunakan dalam mengembangkan                              techniques used in developing accounting
            estimasi akuntansi.                                             estimates.
        (b) Perubahan dalam estimasi akuntansi sebagai                  (b) Changes in accounting estimates are the
            hasil informasi baru atau perkembangan baru                     result   of  new    information or   new
            yang bukan merupakan koreksi kesalahan.                         developments that are not corrections of
                                                                            errors.

        Penerapan amendemen ini tidak berdampak                         The adoption of these amendments had no
        terhadap laporan keuangan konsolidasian Grup.                   impact on the Group’s consolidated financial
                                                                        statements.

        Laporan arus kas konsolidasian disusun dengan                   The consolidated statement of cash flows is
        menggunakan          metode     langsung,   dan                 prepared based on the direct method, and
        dikelompokkan ke dalam aktivitas operasi,                       classified into operating, investing and financing
        investasi    dan     pendanaan.    Pengungkapan                 activities. Additional disclosure is presented to
        tambahan       disajikan   untuk    mengevaluasi                evaluate changes in liabilities arising from
        perubahan pada liabilitas yang timbul dari                      financing activities, including the changes arising
        aktivitas pendanaan, termasuk perubahan yang                    from cash flows or non-cash changes.
        timbul dari arus kas maupun perubahan non-kas.

        Mata uang penyajian yang digunakan dalam                        The presentation currency used in the
        penyusunan laporan keuangan konsolidasian                       preparation of the consolidated financial
        adalah mata uang Rupiah (Rp), yang juga                         statements is Rupiah (Rp), which is also the
        merupakan mata uang fungsional Grup. Tiap                       functional currency of the Group. Each entity in
        entitas dalam Grup menentukan mata uang                         the Group determines its own functional currency
        fungsionalnya masing-masing dan mengatur                        and measures its transactions using the
        transaksinya dalam mata uang fungsional                         respective functional currency.
        tersebut.

        Penyusunan laporan keuangan konsolidasian                       The preparation of consolidated financial
        sesuai dengan Standar Akuntansi Keuangan di                     statements in conformity with Indonesian Financial
        Indonesia mengharuskan penggunaan estimasi                      Accounting Standards requires the use of certain
        dan asumsi. Hal tersebut juga mengharuskan                      accounting estimation and assumptions. It also
        manajemen untuk membuat pertimbangan dalam                      requires management to exercise its judgment in
        proses penerapan kebijakan akuntansi Grup.                      the process of applying the Group’s accounting
                                                                        policies.

     b. Prinsip-prinsip Konsolidasian                                b. Principles of Consolidation

        Laporan keuangan konsolidasian meliputi laporan                 The consolidated financial statements include the
        keuangan Perusahaan dan Entitas Anak seperti                    financial statements of the Company and
        yang disebutkan pada Catatan 1c.                                Subsidiaries as mentioned in Note 1c.



                                                           18
Page 297
PT BAKRIELAND DEVELOPMENT Tbk                                     PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                  AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                     FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                    FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                         DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                (Expressed in millions of Rupiah, unless otherwise
lain)                                                             stated)

3.   KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan)                      3.   MATERIAL ACCOUNTING POLICIES (Continued)

       Laporan keuangan Entitas Anak disusun dengan                      The financial statements of the Subsidiaries are
       periode    pelaporan     yang     sama   dengan                   prepared for the same reporting period as the
       Perusahaan.      Kebijakan     akuntansi   yang                   Company. The accounting policies adopted in
       digunakan dalam penyajian laporan keuangan                        preparing the consolidated financial statements
       konsolidasian telah diterapkan secara konsisten                   have been consistently applied by the Group,
       oleh Grup, kecuali dinyatakan lain.                               unless otherwise stated.

       Entitas-entitas anak dikonsolidasi secara penuh                   Subsidiaries are fully consolidated from the date
       sejak tanggal akuisisi, yaitu tanggal Perusahaan                  of acquisition, which is the date the Company
       memperoleh pengendalian, sampai dengan                            obtains control, until the date the Company
       tanggal Perusahaan kehilangan pengendalian.                       ceases to control the Subsidiaries.

       Investor mengendalikan investee ketika investor                   An investor controls an investee when it is
       terekspos atau memiliki hak atas imbal hasil                      exposed, or has rights, to variable returns from its
       variabel dari keterlibatannya dengan investee dan                 involvement with the investee and has the ability
       memiliki kemampuan untuk memengaruhi imbal                        to affect those returns through its power over the
       hasil tersebut melalui kekuasaannya atas                          investee. Therefore, the investor controls the
       investee.       Dengan       demikian,     investor               investee if, and only if, the investor has all of the
       mengendalikan investee jika, dan hanya jika,                      following:
       investor memiliki seluruh hal berikut ini:
       (a) kekuasaan atas investee;                                      (a) power over the investee;
       (b) eksposur atau hak atas imbal hasil variabel                   (b) exposure or rights to variable returns from its
            dari keterlibatannya dengan investee; dan                        involvement with the investee; and
       (c) kemampuan            untuk       menggunakan                  (c) the ability to use its power over the investee
            kekuasaannya        atas   investee      untuk                   to affect the amount of the investor’s returns.
            memengaruhi jumlah imbal hasil investor.

       Investor menilai kembali apakah investor                          An investor reassesses whether it controls an
       mengendalikan investee jika fakta dan keadaan                     investee if facts and circumstances indicate that
       mengindikasikan adanya perubahan terhadap                         one or more of the three (3) control elements
       satu atau lebih dari tiga (3) elemen pengendalian.                have changed.

       Kepentingan      nonpengendali      mencerminkan                  Non-controlling interest represents a portion of
       bagian atas laba rugi dan aset neto yang tidak                    the profit or loss and net assets not attributable to
       diatribusikan kepada entitas induk dan disajikan                  the parent and is presented separately in the
       secara terpisah dalam laporan laba rugi dan                       consolidated statements of profit or loss and
       penghasilan komprehensif lain konsolidasian, dan                  other comprehensive income, and within equity in
       dalam ekuitas pada laporan posisi keuangan                        the consolidated statements of financial position,
       konsolidasian, dipisahkan dari ekuitas yang dapat                 separately from equity attributable to the parent.
       diatribusikan kepada entitas induk.

       Total penghasilan komprehensif lain diatribusikan                 Total other comprehensive income is attributed to
       kepada pemilik entitas induk dan kepentingan                      the owners of the parent and to the non-
       nonpengendali bahkan jika hal ini mengakibatkan                   controlling interests even if this results in the non-
       kepentingan nonpengendali mempunyai saldo                         controlling interests having a deficit balance.
       defisit.

       Seluruh saldo akun dan transaksi yang material                    All significant intercompany balances            and
       antar entitas yang dikonsolidasi telah dieliminasi.               transactions have been eliminated.




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PT BAKRIELAND DEVELOPMENT Tbk                                         PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                      AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                         NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                         FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                        FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                             DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                    (Expressed in millions of Rupiah, unless otherwise
lain)                                                                 stated)

3.   KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan)                          3.   MATERIAL ACCOUNTING POLICIES (Continued)

        Perubahan bagian kepemilikan                                          Changes in the ownership interests

        Perubahan dalam bagian kepemilikan entitas                            Changes in a parent’s ownership interest in a
        induk    pada     entitas    anak   yang    tidak                     subsidiary that do not result in a loss of control
        mengakibatkan hilangnya pengendalian dicatat                          are accounted for as equity transactions, in which
        sebagai transaksi ekuitas, di mana jumlah                             the carrying amounts of the controlling and non-
        tercatat    kepentingan        pengendali     dan                     controlling interests are adjusted to reflect the
        nonpengendali disesuaikan untuk mencerminkan                          changes in their relative interests in the
        perubahan bagian relatifnya atas entitas anak.                        subsidiary. The difference between the amount
        Perbedaan      antara      jumlah    kepentingan                      by which the non-controlling interests are
        nonpengendali disesuaikan dan nilai wajar                             adjusted and the fair value of the consideration
        imbalan yang diberikan atau diterima diakui                           paid or received is recognized directly in equity
        secara langsung dalam ekuitas dan diatribusikan                       and attributed to the owners of the parent.
        pada pemilik entitas induk.

        Jika entitas induk kehilangan pengendalian pada                       If a parent loses control of a subsidiary, the
        entitas anak, maka entitas induk:                                     parent:
        (a) menghentikan pengakuan aset (termasuk                             (a) derecognizes the assets (including goodwill)
             setiap goodwill) dan liabilitas entitas anak                         and liabilities of the former subsidiary from
             terdahulu dari laporan posisi keuangan                               the consolidated statements of financial
             konsilidasian.                                                       position.
        (b) mengakui sisa investasi pada entitas anak                         (b) recognizes any investment retained in the
             terdahulu pada nilai wajarnya pada tanggal                           former subsidiary at its fair value at the date
             hilangnya pengendalian, dan selanjutnya                              when control is lost, and subsequently
             mencatat sisa investasi tersebut dan setiap                          accounts for it and for any amounts owed by
             jumlah terutang oleh atau kepada entitas                             or to the former subsidiary. That fair value
             anak terdahulu. Nilai wajar tersebut dianggap                        shall be regarded as the fair value on initial
             sebagai nilai wajar pada saat pengakuan                              recognition of a financial asset or, if
             awal aset keuangan atau, jika sesuai, biaya                          appropriate, the cost on initial recognition of
             perolehan pada saat pengakuan awal                                   an investment in an associate or joint
             investasi pada entitas asosiasi atau ventura                         venture.
             bersama.
        (c) mengakui keuntungan atau kerugian terkait                         (c) recognizes the gain or loss associated with
             dengan hilangnya pengendalian yang dapat                             the loss of control attributable to the former
             diatribusikan pada kepentingan pengendali                            controlling interest.
             terdahulu.

     c. Kombinasi Bisnis                                                   c. Business Combinations

        Kombinasi bisnis dicatat menggunakan metode                           Business combinations are accounted for using
        akuisisi. Biaya perolehan dari suatu akuisisi                         the acquisition method. The cost of an acquisition
        diukur berdasarkan nilai agregat imbalan yang                         is measured as the aggregate of the
        dialihkan, yang diukur pada nilai wajar pada                          consideration     transferred,    measured      on
        tanggal akuisisi dan jumlah setiap kepentingan                        acquisition date at fair value, and the amount of
        nonpengendali pada pihak yang diakuisisi. Biaya                       any non-controlling interests in the acquiree. The
        akuisisi yang terjadi dibiayakan dan dicatat                          acquisition costs incurred are expensed and
        sebagai beban pada tahun berjalan.                                    recognized in the current year.

        Selisih lebih antara penjumlahan imbalan yang                         The excess of the aggregate of the consideration
        dialihkan dan jumlah yang diakui untuk                                transferred and the amount recognized for non-
        kepentingan       nonpengendali       dengan      aset                controlling interest over the net identified assets
        teridentifikasi dan liabilitas yang diambil-alih (aset                and liabilities assumed is recorded as goodwill. In
        neto) dicatat sebagai goodwill. Dalam kondisi                         contrary, the Company recognizes the lower
        sebaliknya, Perusahaan mengakui selisih kurang                        amount as gain in the consolidated statement of
        tersebut sebagai keuntungan dalam laba rugi dan                       profit or loss and other comprehensive income on
        penghasilan komprehensif lain konsolidasian                           the date of acquisition.
        pada tanggal akuisisi.




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PT BAKRIELAND DEVELOPMENT Tbk                                     PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                  AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                     FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                    FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                         DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                (Expressed in millions of Rupiah, unless otherwise
lain)                                                             stated)

3.   KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan)                      3.   MATERIAL ACCOUNTING POLICIES (Continued)

        Setelah pengakuan awal, goodwill diukur sebesar                   After initial recognition, goodwill is measured at
        biaya perolehan dikurangi dengan akumulasi                        cost less any accumulated impairment losses.
        penurunan nilai. Untuk tujuan penurunan nilai,                    For the purpose of impairment testing, goodwill
        goodwill yang diperoleh dari kombinasi bisnis,                    acquired in the business combination is, from the
        sejak tanggal akuisisi dialokasikan ke setiap unit                acquisition date, allocated to each of the Group’s
        penghasil kas dari Grup yang diharapkan                           cash-generating units that are expected to
        bermanfaat dari kombinasi bisnis tersebut,                        benefit from the combination, irrespective of
        terlepas apakah aset dan liabilitas lainnya dari                  whether other assets or liabilities of the acquiree
        entitas yang diakuisisi ditetapkan ke unit-unit                   are assigned to those units.
        tersebut.

        Goodwill merupakan selisih lebih antara harga                     Goodwill represents the excess of the cost of an
        perolehan investasi Entitas Anak, entitas asosiasi                acquisition of a subsidiary, associate or business
        atau bisnis dan nilai wajar bagian Grup atas aset                 over the fair value of the Group’s share of the
        neto Entitas Anak, entitas asosiasi atau bisnis                   identifiable net assets of the acquired subsidiary,
        yang dapat diidentifikasi pada tanggal akuisisi.                  associate or business on the acquisition date.

        Goodwill dihentikan pengakuannya pada saat                        Goodwill is derecognized upon disposal or when
        dilepaskan atau ketika tidak ada lagi manfaat                     no future benefits are expected from its use or
        masa depan yang diharapkan dari penggunaan                        disposal.
        atau pelepasannya.

     d. Kas dan Setara Kas                                             d. Cash and Cash Equivalents

        Kas terdiri dari saldo kas dan bank yang tidak                    Cash consists of cash on hand and cash in
        dibatasi penggunaannya. Setara kas adalah                         banks which is not restricted as to used. Cash
        deposito berjangka dengan jangka waktu tiga (3)                   equivalents are time deposits with maturities of
        bulan atau kurang sejak tanggal penempatan dan                    three (3) months or less at the time of placement
        tidak digunakan sebagai jaminan.                                  and not pledged as collateral.

        Kas dan setara kas yang dijaminkan dan dibatasi                   Cash and cash equivalents which are used as
        penggunaannya dicatat sebagai “Dana dalam                         collateral and restricted in use, are recorded as
        Pembatasan” dalam laporan posisi keuangan                         “Restricted Fund” in the consolidated statements
        konsolidasian.                                                    of financial position.

     e. Dividen                                                        e. Dividend

        Pembagian dividen kepada para pemegang                            Dividend distribution to the Company’s
        saham Perusahaan diakui sebagai liabilitas                        shareholders is recognized as a liability in the
        dalam laporan keuangan konsolidasian pada                         consolidated financial statements in the year in
        tahun ketika dividen tersebut disetujui oleh para                 which the dividends are approved by the
        pemegang saham Perusahaan.                                        Company’s shareholders.

     f. Transaksi dengan Pihak-pihak Berelasi                          f. Transaction with Related Parties

       Pihak-pihak berelasi adalah orang atau entitas                     Related parties are persons or entities that are
       yang terkait dengan Grup:                                          related to the Group:
       a) Orang atau anggota keluarga dekatnya yang                       a) A person or a close member of that person's
           mempunyai relasi dengan Grup jika orang                            family is related to the Group if that person:
           tersebut:
           i. memiliki pengendalian atau pengendalian                        i. has control or joint control over the Group;
                bersama atas Grup;
          ii. memiliki pengaruh signifikan atas Grup;                        ii. has significant influence over the Group;
                atau                                                             or
         iii.   personil manajemen kunci Grup atau                          iii. is a member of the key management
                entitas induk Grup.                                              personnel of the Group or of a parent of
                                                                                 the Group.




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PT BAKRIELAND DEVELOPMENT Tbk                                        PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                     AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                        NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                        FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                       FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                            DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                   (Expressed in millions of Rupiah, unless otherwise
lain)                                                                stated)

3.   KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan)                         3.   MATERIAL ACCOUNTING POLICIES (Continued)

       b) Suatu entitas berelasi dengan Grup jika                            b) An entity is related to the Group if any of the
            memenuhi salah satu hal berikut:                                      following conditions apply:
            i. entitas dan Grup adalah anggota dari                              i. the entity and the Group are members of
               Grup yang sama (artinya entitas induk,                                 the same group (which means that each
               entitas anak, dan entitas anak berikutnya                              parent, subsidiary and fellow subsidiary is
               saling berelasi dengan entitas lainnya).                               related to the others).
           ii. satu entitas adalah entitas asosiasi atau                        ii. one entity is an associate or joint venture
               ventura bersama dari entitas lain (atau                                of the other entity (or an associate or joint
               entitas asosiasi atau ventura bersama                                  venture that is a member of a Group of
               yang merupakan anggota suatu Grup,                                     which the other entity is a member).
               yang mana entitas lain tersebut adalah
               anggotanya).
          iii. kedua entitas tersebut adalah ventura                           iii.both entities are joint ventures of the same
               bersama dari pihak ketiga yang sama.                                third party.
         iv. satu entitas adalah ventura bersama dari                          iv. one entity is a joint venture of a third entity
               entitas ketiga dan entitas yang lain adalah                         and the other entity is an associate of the
               entitas asosiasi dari entitas ketiga.                               third entity.
           v. entitas tersebut adalah suatu program                             v. the entity is a post-employment defined
               imbalan pasca kerja untuk imbalan kerja                             benefit plan for the benefit of employees of
               dari Grup atau entitas yang terkait dengan                          either the Group or an entity related to the
               Grup.                                                               Group.
         vi. entitas        yang     dikendalikan       atau                   vi. the entity is controlled or jointly controlled
               dikendalikan bersama oleh orang yang                                by a person identified in letter (a).
               diidentifikasi dalam huruf (a).
         vii. orang yang diidentifikasi dalam huruf (a)                       vii. a person identified in letter (a) (i) has
               (i) memiliki pengaruh signifikan atas                               significant influence over the entity or is
               entitas     atau     merupakan        personil                      the key management personnel of the
               manajemen kunci entitas (atau entitas                               entity (or a parent of the entity).
               induk dari entitas).
        viii.  entitas, atau anggota dari kelompok yang                       viii.   the entity, or any member of a group of
               mana entitas merupakan bagian dari                                     which it is a part, provides key
               kelompok tersebut, menyediakan jasa                                    management personnel services to the
               personil manajemen kunci kepada entitas                                entity or to the parent of the entity.
               atau kepada entitas induk dari entitas.

        Transaksi ini dilakukan berdasarkan persyaratan                      The transactions are made based on terms
        yang disetujui oleh kedua belah pihak. Beberapa                      agreed by the parties. Such terms may not be the
        persyaratan tersebut mungkin tidak sama dengan                       same as those with unrelated parties.
        persyaratan yang dilakukan dengan pihak-pihak
        yang tidak berelasi.

        Seluruh transaksi dan saldo yang material                            All material transactions and balances with
        dengan pihak-pihak berelasi diungkapkan dalam                        related parties are disclosed in the relevant notes
        catatan atas laporan keuangan konsolidasian                          to the consolidated financial statements.
        yang relevan.

     g. Beban Dibayar Dimuka                                              g. Prepaid Expenses

        Beban dibayar dimuka diamortisasi selama masa                        Prepaid expenses are amortized over the useful
        manfaat    masing-masing      biaya    dengan                        life of each expense using the straight-line
        menggunakan metode garis lurus.                                      method.




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PT BAKRIELAND DEVELOPMENT Tbk                                   PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                  FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                       DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan              (Expressed in millions of Rupiah, unless otherwise
lain)                                                           stated)

3.   KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan)                    3.   MATERIAL ACCOUNTING POLICIES (Continued)

     h. Transaksi dan Saldo Dalam Mata Uang Asing                    h. Foreign Currency Transactions and Balances

        Pembukuan Grup diselenggarakan dalam mata                       The accounting records of the Group are
        uang Rupiah. Transaksi dalam mata uang asing                    maintained in Rupiah. Transactions denominated
        dijabarkan ke dalam Rupiah dengan kurs yang                     in foreign currencies are translated into Rupiah at
        berlaku pada tanggal transaksi. Pada akhir tahun                the exchange rates prevailing at the dates of the
        pelaporan, aset dan liabilitas moneter dalam                    transactions. At the end of the reporting year,
        mata uang asing dijabarkan ke dalam Rupiah                      monetary assets and liabilities denominated in
        dengan menggunakan kurs tengah yang                             foreign currencies are translated into Rupiah
        ditetapkan oleh Bank Indonesia pada tanggal                     using the middle rates of exchange quoted by
        tersebut. Keuntungan atau kerugian dari selisih                 Bank Indonesia at such dates. Exchange gains
        kurs mata uang asing dan penjabaran aset dan                    and losses arising from foreign currency
        liabilitas moneter dalam mata uang Rupiah diakui                transactions and on the translation of the foreign
        dalam laporan laba rugi dan penghasilan                         currency’s monetary assets and liabilities into
        komprehensif lain konsolidasian tahun berjalan,                 Rupiah are recognized in the current year’s
        kecuali untuk laba atau rugi pertukaran yang                    consolidated statements of profit or loss and
        timbul dari penjabaran laporan keuangan operasi                 other comprehensive income, except for the
        asing ke mata uang penyajian Grup, yang diakui                  exchange gains and losses arising from the
        langsung dalam pendapatan komprehensif                          translation of the foreign operation’s financial
        lainnya.                                                        statements into the presentation currency of the
                                                                        Group, which are recognized directly in other
                                                                        comprehensive income.

        Kurs yang digunakan untuk menjabarkan ke mata                   The exchange rates used for translation into
        uang Rupiah, pada tanggal 31 Desember 2023                      Rupiah, as of December 31, 2023 and 2022 are
        dan 2022, adalah sebagai berikut:                               as follows:

                                                    2023               2022
        1 Dolar Amerika Serikat (US$)                 15.416             15.731             Dollar United States (US$) 1
        1 Dolar Singapura (SG$)                       11.712             11.659                Dollar Singapore (SG$) 1

     i. Instrumen Keuangan                                           i. Financial Instruments

        1. Aset Keuangan                                                1. Financial Assets

           Pengakuan Awal                                                  Initial Recognition

           Aset keuangan pada awalnya diakui sebesar                       Financial assets are initially recognized at fair
           nilai wajarnya ditambah biaya transaksi. Grup                   value plus transaction costs. The Group
           mengklasifikasikan aset keuangan menjadi (i)                    classifies its financial assets into the following
           aset keuangan yang diukur dengan biaya                          categories (i) financial assets measured at
           perolehan diamortisasi, (ii) aset keuangan                      amortized cost (ii) financial assets at fair
           yang diukur pada nilai wajar melalui                            value through other comprehensive income
           penghasilan komprehensif lain (FVOCI) dan                       (FVOCI) and (iii) financial assets at fair value
           (iii) aset keuangan yang ditetapkan untuk                       through profit or loss (FVTPL). The
           diukur pada nilai wajar melalui laba rugi                       classification and measurement of financial
           (FVTPL). Klasifikasi dan pengukuran aset                        assets are based on the business model and
           keuangan harus didasarkan pada bisnis                           contractual cash flows. The Group determines
           model dan arus kas kontraktual. Grup                            the classification of its financial assets at
           menentukan      klasifikasi aset   keuangan                     initial recognition and does not change the
           tersebut pada pengakuan awal dan tidak                          classification already made.
           melakukan perubahan atas klasifikasi yang
           telah dibuat.

           Pengukuran Selanjutnya                                          Subsequent Measurement

           -   Aset keuangan yang diukur dengan biaya                      -   Financial assets at amortized cost
               diamortisasi


                                                           23
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PT BAKRIELAND DEVELOPMENT Tbk                                     PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                  AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                     FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                    FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                         DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                (Expressed in millions of Rupiah, unless otherwise
lain)                                                             stated)

3.   KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan)                      3.   MATERIAL ACCOUNTING POLICIES (Continued)

              Aset keuangan diklasifikasikan sebagai                            Financial assets are classified as financial
              aset keuangan yang diukur dengan biaya                            assets measured at amortized cost where
              perolehan diamortisasi di mana aset                               the financial assets are held within the
              keuangan dikelola dalam model bisnis                              business model whose objective is to hold
              yang bertujuan untuk memiliki aset                                financial assets in order to collect
              keuangan dalam rangka mendapatkan                                 contractual cash flows. Financial assets
              arus kas kontraktual. Aset keuangan yang                          measured at amortized cost are initially
              diukur    dengan       biaya    perolehan                         recognised at fair value plus transaction
              diamortisasi pada awalnya diakui sebesar                          costs and subsequently measured at
              nilai wajarnya ditambah dengan biaya-                             amortized cost using the effective interest
              biaya transaksi dan selanjutnya diukur                            rate method.
              pada biaya perolehan diamortisasi dengan
              menggunakan metode suku bunga efektif.
          -   Aset keuangan yang diukur dengan nilai                        -   Financial assets are measured at fair
              wajar melalui penghasilan komprehensif                            value through other comprehensive
              lain (FVOCI)                                                      income (FVOCI)
              Aset keuangan berupa instrumen utang                              Financial assets in debt instruments are
              diklasifikasikan sebagai aset keuangan                            classified as at FVOCI if they are held in a
              FVOCI jika aset keuangannya dimiliki                              business model whose objective is
              dalam model bisnis yang tujuannya dicapai                         achieved by both collecting contractual
              dengan       mengumpulkan      arus   kas                         cash flows and selling financial assets.
              kontraktual dan menjual aset keuangan.
              Untuk aset keuangan berupa instrumen                              For financial assets in equity instruments
              ekuitas di mana Grup memilih opsi FVOCI                           where the Group opts for the FVOCI
              maka keuntungan dan kerugian dari aset                            option, gains and losses are never
              keuangan ini tidak pernah direklasifikasi ke                      reclassified to profit or loss.
              laba rugi.
          -   Aset keuangan yang diukur dengan nilai                        -   Financial assets are measured at fair
              wajar melalui laba rugi (FVTPL)                                    value through profit or loss (FVTPL)

              Aset keuangan diklasifikasikan sebagai                            Financial assets are classified as FVTPL if
              FVTPL jika aset keuangan tersebut tidak                           those financial assets do not meet the
              memenuhi kriteria sebagai aset keuangan                           criteria for financial assets measured at
              yang diukur dengan biaya perolehan                                amortized cost and FVOCI.
              diamortisasi dan FVOCI.
          Penurunan Nilai Aset Keuangan                                     Impairment of Financial Assets
          Pada setiap periode pelaporan, Grup menilai                       At each reporting date, the Group assesses
          apakah risiko kredit dari instrumen keuangan                      whether the credit risk on a financial
          telah meningkat secara signifikan sejak                           instrument has increased significantly since
          pengakuan awal. Ketika melakukan penilaian,                       initial recognition. When making the
          Grup menggunakan perubahan atas risiko                            assessment, the Group uses the change in
          gagal bayar yang terjadi sepanjang perkiraan                      the risk of a default occurring over the
          umur      instrumen       keuangan     daripada                   expected life of the financial instrument
          perubahan atas jumlah kerugian kredit                             instead of the change in the amount of
          ekspektasian. Dalam melakukan penilaian                           expected credit losses. In conducting this
          tersebut, Grup membandingkan antara risiko                        assessment, the Group compares the risk of
          gagal bayar yang terjadi atas instrumen                           default occurring on the financial instrument
          keuangan pada saat periode pelaporan                              as at the reporting date with the risk of a
          dengan risiko gagal bayar yang terjadi atas                       default occurring on the financial instrument
          instrumen keuangan pada saat pengakuan                            as at initial recognition, considering
          awal, yang mempertimbangkan kewajaran                             reasonable and supportable information that
          serta ketersediaan informasi, yang tersedia                       is available without undue cost or effort at the
          tanpa biaya atau usaha yang tidak semestinya                      reporting date about past events, current
          pada saat tanggal pelaporan terkait dengan                        conditions and forecasts of future economic
          kejadian masa lalu, kondisi terkini dan                           conditions, which is indicative of significant
          perkiraan atas kondisi ekonomi di masa                            increases in credit risk since initial
          depan, yang mengindikasikan kenaikan                              recognition.
          signifikan risiko kredit sejak pengakuan awal.


                                                             24
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PT BAKRIELAND DEVELOPMENT Tbk                                    PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                 AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                    FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                   FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                        DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan               (Expressed in millions of Rupiah, unless otherwise
lain)                                                            stated)

3.   KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan)                     3.   MATERIAL ACCOUNTING POLICIES (Continued)

          Grup       menerapkan  metode     yang                            The Group applies a simplified approach to
          disederhanakan untuk mengukur kerugian                            measure expected credit loss.
          kredit ekspektasian.

          Penghentian Pengakuan Aset Keuangan                               Derecognition of Financial Assets

          Grup      menghentikan      pengakuan     aset                    The Group derecognizes financial assets if,
          keuangan jika, dan hanya jika, hak kontraktual                    and only if: the contractual rights to the cash
          atas arus kas yang berasal dari aset keuangan                     flows from the financial asset expire; or the
          tersebut berakhir, atau mengalihkan hak                           contractual rights to receive the cash flows of
          kontraktual untuk menerima arus kas yang                          the financial asset are transferred; or the
          berasal dari aset keuangan, atau tetap                            contractual rights to receive the cash flows of
          memiliki hak kontraktual untuk menerima arus                      the financial asset are retained but a
          kas yang berasal dari aset keuangan namun                         contractual obligation is assumed to pay
          juga menanggung kewajiban kontraktual untuk                       those cash flows to one or more recipients in
          membayar arus kas yang diterima tersebut                          an arrangement that meets certain conditions.
          kepada satu atau lebih pihak penerima melalui                     When the Group transfers a financial asset, it
          suatu     kesepakatan      yang     memenuhi                      evaluates the extent to which it retains the
          persyaratan tertentu. Ketika Grup mengalihkan                     risks and rewards of ownership of the
          aset keuangan, maka Grup mengevaluasi                             financial asset.
          sejauh mana Grup tetap memiliki risiko dan
          manfaat atas kepemilikan aset keuangan
          tersebut.

       2. Liabilitas Keuangan                                            2. Financial Liabilities

          Pengakuan Awal                                                    Initial Recognition

          Grup mengklasifikasikan seluruh liabilitas                        The Group determines the classification of its
          keuangannya pada saat pengakuan awal.                             financial liabilities at initial recognition. The
          Grup memiliki liabilitas keuangan yang                            Group has financial liabilities classified into
          diklasifikasikan dalam liabilitas keuangan yang                   the financial liabilities measured at amortized
          diukur dengan biaya perolehan diamortisasi.                       cost. All financial liabilities are recognized
          Seluruh liabilitas keuangan diakui pada                           initially at fair value and, in the case of loans
          awalnya sebesar nilai wajar dan, dalam hal                        and borrowings, inclusive of directly
          pinjaman dan utang, termasuk biaya transaksi                      attributable transaction costs.
          yang dapat diatribusikan secara langsung.

          Pengukuran Selanjutnya                                            Subsequent Measurement

          Setelah pengakuan awal, liabilitas keuangan                       After initial recognition, financial liabilities in
          dalam kategori ini selanjutnya diukur pada                        this category are subsequently measured at
          biaya    perolehan   diamortisasi    dengan                       amortized cost using the effective interest
          menggunakan metode suku bunga efektif.                            method. The amortization of the effective
          Amortisasi suku bunga efektif termasuk di                         interest rate is included in finance costs in
          dalam biaya keuangan dalam laporan laba                           profit or loss.
          rugi.

          Penghentian Pengakuan Liabilitas Keuangan                         Derecognition of Financial Liabilities

          Grup menghentikan pengakuan liabilitas                            The Group derecognizes financial liabilities if,
          keuangan jika, dan hanya jika, kewajiban Grup                     and only if, the Group’s obligations are
          dilepaskan, dibatalkan atau kedaluwarsa.                          discharged, canceled or expired.




                                                            25
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PT BAKRIELAND DEVELOPMENT Tbk                                     PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                  AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                     FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                    FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                         DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                (Expressed in millions of Rupiah, unless otherwise
lain)                                                             stated)

3.   KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan)                      3.   MATERIAL ACCOUNTING POLICIES (Continued)

       3. Instrumen Derivatif                                             3. Derivative Instruments

          Instrumen derivatif dicatat pada pengakuan                        Derivative instruments are initially recognized
          awal sebesar nilai wajar pada tanggal                             at fair value as at the date the derivative
          perjanjian derivatif ditandatangani dan diukur                    contract is entered into and are remeasured
          kembali setiap akhir periode laporan. Derivatif                   at the end of each reporting period.
          dicatat sebagai aset keuangan saat nilai wajar                    Derivatives are carried as financial assets
          positif dan liabilitas keuangan saat nilai wajar                  when the fair value is positive and as
          negatif.                                                          financial liabilities when the fair value is
                                                                            negative.

          Derivatif melekat disajikan dengan kontrak                        Embedded derivative is presented with the
          utamanya pada laporan posisi keuangan                             host contract on the consolidated statements
          konsolidasian yang mencerminkan penyajian                         of financial position which represents an
          yang memadai atas seluruh arus kas pada                           appropriate presentation of overall future
          masa datang dari instrumen tersebut secara                        cash flows for the instrument taken as a
          keseluruhan. Derivatif yang melekat pada                          whole. Derivatives embedded in other
          instrumen keuangan atau kontrak awal                              financial instruments or other host contracts
          diperlakukan sebagai derivatif yang berbeda                       are treated as separate derivatives when
          saat risiko dan karakteristiknya tidak saling                     their risks and characteristics are not closely
          berhubungan dengan kontrak utamanya dan                           related to those of the host contracts and the
          kontrak utama tersebut tidak diukur dengan                        host contracts are not measured at fair value,
          nilai wajar serta perubahan pada nilai wajar                      with changes in fair value recognized in profit
          diakui dalam laba rugi.                                           or loss.

          Derivatif disajikan sebagai aset tidak lancar                     A derivative is presented as a non-current
          atau liabilitas jangka panjang jika sisa periode                  asset or a non-current liability if the remaining
          jatuh tempo dari instrumen tersebut lebih dari                    maturity of the instrument is more than twelve
          dua belas (12) bulan dan tidak diharapkan                         (12) months and it is not expected to be
          untuk direalisasi atau diselesaikan dalam                         realized or settled within twelve (12) months.
          jangka waktu dua belas (12) bulan.

          Keuntungan atau kerugian yang timbul dari                         Gains or losses arising from changes in the
          perubahan nilai wajar instrumen derivatif diakui                  fair value of derivative instrument are
          sebagai laba tahun berjalan, kecuali seluruh                      recognized currently in earnings, unless
          persyaratan khusus (contoh, dokumen formal,                       meeting all the specific requirements (e.g.,
          penetapan dan pengukuran keefektifan                              formal documentation, designation and
          transaksi) untuk diakui sebagai “Penghasilan                      assessment of the effectiveness of the
          Komprehensif Lainnya” sesuai dengan tipe                          transaction) to allow deferral as “Other
          akuntansi lindung nilai tertentu terpenuhi.                       Comprehensive Income” under certain types
                                                                            of hedge accounting.

        4. Saling Hapus Instrumen Keuangan                                4. Offsetting of Financial Instruments

          Aset keuangan dan liabilitas keuangan saling                      Financial assets and financial liabilities are
          hapus dan jumlah netonya dilaporkan dalam                         offset and the net amount reported in the
          laporan posisi keuangan konsolidasian jika,                       consolidated statements of financial position
          dan hanya jika, saat ini memiliki hak yang                        if, and only if, there is a currently enforceable
          berkekuatan hukum untuk melakukan saling                          legal right to offset the recognized amounts
          hapus atas jumlah yang telah diakui dan                           and there is an intention to settle on a net
          terdapat niat untuk menyelesaikannya secara                       basis, or to realize the assets and settle the
          neto, atau untuk merealisasikan aset dan                          liabilities simultaneously.
          menyelesaikan liabilitasnya secara simultan.




                                                             26
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PT BAKRIELAND DEVELOPMENT Tbk                                      PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                   AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                      FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                     FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                          DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                 (Expressed in millions of Rupiah, unless otherwise
lain)                                                              stated)

3.   KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan)                       3.   MATERIAL ACCOUNTING POLICIES (Continued)

     j. Persediaan                                                      j. Inventories

        Harga      perolehan   persediaan     real   estat                 The acquisition cost of real estate inventory
        dialokasikan ke masing-masing proyek real estat                    allocated to each project in real estate are
        ditentukan     dengan    menggunakan       metode                  determined using the specific identification
        identifikasi khusus untuk beban langsung dan                       method for direct expenses and based on
        berdasarkan meter persegi untuk beban fasilitas                    square meters for public and social facilities
        umum dan sosial. Harga perolehan persediaan                        expenses. The acquisition cost of real estate
        real estat meliputi biaya perizinan, pembebasan                    inventories includes licensing fees, exemption
        (ganti rugi) tanah, pengurusan surat-surat tanah,                  (compensation) of land, administration of land
        pematangan tanah, prasarana, pengembangan                          title, development of land, infrastructure, projects
        dan pembangunan proyek, termasuk kapitalisasi                      development and construction, including the
        bunga         selama      pembangunan         dan                  capitalized interest during construction and
        pengembangan.                                                      development.

        Persediaan real estat yang berupa bangunan                         Real estate inventories in the form of apartment
        apartemen (strata title) dicatat berdasarkan biaya                 building (strata title) are stated at cost
        perolehan yang ditentukan dengan menggunakan                       determined using the average method and are
        metode rata-rata dan dinyatakan sebesar nilai                      stated at the lower of cost and estimated net
        yang lebih rendah antara biaya perolehan dan                       realizable value. Net realizable value is the
        estimasi nilai realisasi neto. Nilai realisasi neto                estimated sale value less development costs to
        merupakan estimasi nilai jual dikurangi biaya                      produce products ready for sale and the costs
        pengembangan untuk menghasilkan produk yang                        for realizing the sale. The difference between the
        siap dijual dan biaya untuk merealisasi penjualan.                 acquisition cost and estimated net realizable
        Selisih antara harga perolehan dengan estimasi                     value is recorded in the consolidated statements
        nilai realisasi neto dibukukan pada laporan laba                   of profit or loss and other comprehensive income
        rugi dan penghasilan komprehensif lain                             under "Cost of Revenues". Buildings in the
        konsolidasian dalam akun “Beban Pokok                              development process and buildings ready for
        Pendapatan”.       Bangunan       dalam     proses                 sale are classified as "Inventories" in the
        pengembangan dan bangunan yang siap untuk                          consolidated statements of financial position.
        dijual dikelompokan sebagai “Persediaan” di
        dalam laporan posisi keuangan konsolidasian.

        Persediaan makanan, minuman, suku cadang,                          Inventories of food, beverage, spare parts, hotel
        perlengkapan dan barang dagangan hotel                             equipment and merchandise are stated at the
        dinyatakan sebesar nilai yang lebih rendah antara                  lower of cost or net realizable value. Cost is
        biaya perolehan dan nilai realisasi neto. Biaya                    determined using the average method. Net
        perolehan ditentukan dengan menggunakan                            realizable value is determined based on the
        metode rata-rata. Nilai realisasi neto ditentukan                  estimated fair selling price of the inventories less
        berdasarkan taksiran harga jual yang wajar                         the estimated costs to sell the inventories.
        setelah dikurangi taksiran biaya yang diperlukan
        untuk menjual persediaan tersebut.

        Penyisihan penurunan nilai persediaan dilakukan                    The allowances for decrease in inventories value
        untuk mengurangi nilai tercatat menjadi nilai                      is conducted to reduce the carrying value to their
        realisasi neto. Penyisihan persediaan usang atau                   net realizable value. Allowances for obsolete or
        persediaan      yang     perputarannya   lambat,                   slow-moving inventories are determined, if any,
        ditentukan, jika ada, berdasarkan penelaahan                       based on a review of the condition of each
        atas kondisi masing-masing persediaan pada                         inventory at the end of the year.
        akhir tahun.




                                                              27
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PT BAKRIELAND DEVELOPMENT Tbk                                     PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                  AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                     FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                    FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                         DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                (Expressed in millions of Rupiah, unless otherwise
lain)                                                             stated)

3.   KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan)                      3.   MATERIAL ACCOUNTING POLICIES (Continued)

     k. Tanah untuk Pengembangan                                       k. Land for Development

       Tanah untuk pengembangan dinyatakan sebesar                        Land for development is stated at the lower of
       nilai yang lebih rendah antara biaya perolehan dan                 cost or net realizable value. The acquisition cost
       nilai realisasi bersih (the lower of cost or net                   of land for development, which includes, among
       realizable value). Biaya perolehan tanah untuk                     others,    acquisition    costs   (compensation),
       pengembangan, yang meliputi antara lain biaya                      administration of land deeds, and the
       pembebasan (ganti rugi), pengurusan surat-surat                    development of land. At the commencement of
       tanah dan pematangan tanah. Pada saat                              infrastructure development, the land value will be
       dimulainya pengembangan prasarana, nilai tanah                     reclassified to inventory as inventory in-progress
       tersebut akan direklasifikasi ke akun persediaan                   or fixed assets as construction in-progress.
       sebagai persediaan dalam pembangunan atau
       aset tetap sebagai proyek dalam penyelesaian.

     l. Investasi  pada   Entitas        Asosiasi    dan               l. Investments in       Associates      and     Joint
        Pengendalian Bersama                                              Arrangements

        Entitas asosiasi adalah entitas yang mana Grup                   An associate is an entity over which the Group
        memiliki pengaruh signifikan dan bukan                           has significant influence but is neither a
        merupakan entitas anak (Catatan 3b) maupun                       subsidiary (Note 3b) nor a participating interest
        bagian partisipasi dalam ventura bersama.                        in a joint venture. Direct or indirect ownership, of
        Pemilikan, secara langsung maupun tidak                          20% or more of the voting power of an investee,
        langsung, 20% atau lebih hak suara investee,                     is presumed to be the ownership of significant
        dianggap pemilikan pengaruh signifikan, kecuali                  influence, unless it can be clearly demonstrated
        dapat dibuktikan dengan jelas hal yang                           otherwise.
        sebaliknya.

        Ventura bersama adalah pengaturan bersama                        A joint venture is a joint arrangement whereby
        yang mengatur bahwa para pihak yang memiliki                     the parties that have joint control of the
        pengendalian bersama atas pengaturan memiliki                    arrangement have rights to the net assets of the
        hak atas aset neto pengaturan tersebut. Para                     arrangement. Those parties are called joint
        pihak tersebut disebut ventura bersama.                          venturers.

        Entitas dengan investasinya pada entitas asosiasi                An entity with investment in an associate or joint
        atau ventura bersama mencatat investasinya                       venture accounts for its investment using the
        dengan menggunakan metode ekuitas. Dalam                         equity method. Under the equity method,
        metode ekuitas, investasi pada entitas asosiasi                  investment in an associate or joint venture is
        atau ventura bersama pada awalnya diakui                         initially recognized at cost and the carrying
        sebesar biaya perolehan dan jumlah tercatat                      amount is increased or decreased to recognize
        tersebut ditambah atau dikurang untuk mengakui                   the investor's share of profit or loss of the
        bagian investor atas laba rugi investee setelah                  investee after the date of acquisition.
        tanggal perolehan.

        Selanjutnya, bagian Grup atas laba rugi entitas                  Subsequently, the Group’s share of the profit or
        asosiasi atau ventura bersama,            setelah                loss of the associate or joint venture, after any
        penyesuaian yang diperlukan terhadap dampak                      necessary adjustments        for the effects of
        penyeragaman kebijakan akuntansi dan eliminasi                   uniformity of accounting policies and elimination
        laba atau rugi yang dihasilkan dari transaksi                    of profits or losses resulting from transactions
        antara Grup dan entitas asosiasi atau ventura                    between the Group and the associate or joint
        bersama, akan menambah atau mengurangi                           venture, increases or decreases the carrying
        jumlah tercatat investasi tersebut dan diakui                    amount of the investment and is recognized in
        sebagai laba rugi Grup. Penerimaan distribusi dari               the Group’s profit or loss. Distributions received
        entitas    asosiasi   atau   ventura     bersama                 from the associate or joint venture reduce the
        mengurangi       jumlah    tercatat     investasi.               carrying amount of the investment. Adjustments
        Penyesuaian terhadap jumlah tercatat tersebut                    to the carrying amount may also be necessary
        juga diperlukan jika terdapat perubahan dalam                    for changes in the Group’s proportionate interest
        proporsi bagian Grup atas entitas asosiasi atau                  of the associate or joint venture arising from
        ventura bersama yang timbul dari penghasilan                     changes in the associate’s or joint venture’s
        komprehensif lain dari entitas asosiasi atau                     other comprehensive income. The Group’s share
        ventura bersama. Bagian Grup atas perubahan                      of those changes is recognized in other
        tersebut diakui dalam penghasilan komprehensif                   comprehensive income of the Group.
        lain dari Grup.


                                                             28
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PT BAKRIELAND DEVELOPMENT Tbk                                     PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                  AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                     FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                    FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                         DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                (Expressed in millions of Rupiah, unless otherwise
lain)                                                             stated)

3.   KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan)                      3.   MATERIAL ACCOUNTING POLICIES (Continued)

       Goodwill yang terkait dengan akuisisi entitas                     Goodwill on acquisition of associate or joint
       asosiasi atau ventura bersama termasuk dalam                      venture is included in the carrying amount of the
       jumlah tercatat investasi. Goodwill tidak                         investment. Goodwill is no longer amortized but
       diamortisasi dan dilakukan uji penurunan nilai                    annually assessed for impairment.
       setiap tahun.

       Apabila nilai tercatat investasi telah mencapai                   Once an investment’s carrying value has been
       nilai nol, kerugian selanjutnya akan diakui hanya                 reduced to zero, further losses are taken up only
       jika    Grup     mempunyai      komitmen    untuk                 if the Group has committed to provide financial
       menyediakan bantuan pendanaan atau menjamin                       support to, or has guaranteed the obligations of
       kewajiban entitas asosiasi atau ventura bersama                   the associate or joint venture.
       yang bersangkutan.

       Jika investasi pada entitas asosiasi menjadi                      If an investment in an associate becomes an
       investasi pada ventura bersama atau sebaliknya,                   investment in a joint venture or vice versa, the
       maka entitas melanjutkan penerapan metode                         entity continues to apply the equity method and
       ekuitas dan tidak mengukur kembali kepentingan                    does not remeasure the retained interest.
       yang tersisa.

       Penghentian Penggunaan Metode Ekuitas                             Discontinuance of the Use of Equity Method

       Entitas menghentikan penggunaan metode                             An entity discontinues the use of the equity
       ekuitas sejak tanggal investasinya berhenti                        method from the date when its investment
       menjadi investasi pada entitas asosiasi atau                       ceases to be an investment in an associate or
       ventura bersama sebagai berikut:                                   joint control as follows:
       1. Jika investasi menjadi entitas anak, maka                      1.     If the investment becomes a subsidiary, then
            entitas mencatat investasinya sesuai dengan                         it accounts for the investment in accordance
            PSAK No. 22 dan PSAK No. 65.                                        with PSAK No. 22 and PSAK No. 65.
       2. Jika sisa kepentingan dalam entitas asosiasi                   2.     If the retained interest in an associate or joint
            atau ventura bersama merupakan aset                                 venture is treated as a financial asset, the
            keuangan, maka entitas mengukur sisa                                entity measures the retained interest at fair
            kepentingan tersebut pada nilai wajar. Nilai                        value. The fair value of the retained interest
            wajar dari sisa kepentingan dianggap                                is regarded as its fair value on initial
            sebagai nilai wajar pada saat pengakuan                             recognition as a financial asset. An entity
            awal sebagai aset keuangan. Entitas                                 recognizes in profit or loss any difference
            mengakui dalam laba rugi selisih antara:                            between:
            i. nilai wajar sisa kepentingan dan hasil dari                      i. the fair value of any retained interest and
                pelepasan sebagian kepentingan pada                                 any proceeds from disposing of a part
                entitas asosiasi atau ventura bersama;                              interest in the associate or joint venture;
                dan                                                                 and
           ii. jumlah tercatat investasi pada tanggal                          ii. the carrying amount of the investment at
                penggunaan metode ekuitas dihentikan.                               the date the use of the equity method is
                                                                                    discontinued.
       3.   Ketika entitas menghentikan penggunaan                       3.     When an entity discontinues the use of the
            metode ekuitas, entitas mencatat seluruh                            equity method, it accounts the total amount
            jumlah yang sebelumnya telah diakui dalam                           previously        recognized       in      other
            penghasilan komprehensif lain yang terkait                          comprehensive income related to these
            dengan investasi tersebut menggunakan                               investments using the same basis of
            dasar perlakuan yang sama dengan yang                               treatment as would be if the investee had
            disyaratkan jika investee telah melepaskan                          directly disposed of the related assets and
            secara langsung aset dan liabilitas terkait.                        liabilities.

       Perubahan Bagian Kepemilikan                                      Changes in the Ownership Interests

       Jika bagian kepemilikan Grup pada entitas                         If the Group’s ownership interest in an associate
       asosiasi berkurang, namun investasi tersebut                      is reduced, but the investment continues to be
       tetap sebagai investasi pada entitas asosiasi,                    an associate, the Group reclassifies to profit or
       maka Grup mereklasifikasi ke dalam laba rugi                      loss only a proportionate amount of the gain or
       hanya suatu jumlah proporsional dari keuntungan                   loss     previously   recognized      in    other
       atau kerugian yang sebelumnya diakui dalam                        comprehensive income.
       penghasilan komprehensif lain.



                                                             29
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PT BAKRIELAND DEVELOPMENT Tbk                                      PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                   AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                      FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                     FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                          DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                 (Expressed in millions of Rupiah, unless otherwise
lain)                                                              stated)

3.   KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan)                       3.   MATERIAL ACCOUNTING POLICIES (Continued)

        Operator bersama mengakui hal berikut terkait                     A joint operator recognizes the following in
        dengan kepentingannya dalam operasi bersama:                      relation to its interest in a joint operation:
        (a) aset, mencakup bagiannya atas setiap aset                      (a) its assets, including its share of any assets
            yang dimiliki bersama;                                              held jointly;
        (b) liabilitas, mencakup bagiannya atas liabilitas                 (b) its liabilities, including its share of any
            yang terjadi bersama;                                               liabilities incurred jointly;
        (c) pendapatan dari penjualan bagiannya atas                       (c) its revenue from the sale of its share of the
            output yang dihasilkan dari operasi bersama;                        output of the joint operation;
        (d) bagiannya atas pendapatan dari penjualan                       (d) its share of the revenue from the sale of the
            output oleh operasi bersama; dan                                    output by the joint operation; and
        (e) beban, mencakup bagiannya atas setiap                          (e) its expenses, including its share of any
            beban yang terjadi secara bersama-sama.                             expenses incurred jointly.

        Venturer bersama mengakui kepentingannya                           A joint venturer recognizes its interest in a joint
        dalam ventura bersama sebagai investasi dan                        venture as an investment and accounts for that
        mencatat      investasi     tersebut     dengan                    investment using the equity method, unless the
        menggunakan metode ekuitas, kecuali entitas                        entity is exempted from applying the equity
        dikecualikan dari penerapan metode ekuitas.                        method.

     m. Properti Investasi                                              m. Investment Properties

        Properti investasi dinyatakan sebesar biaya                       Investment properties are stated at cost
        perolehan termasuk biaya transaksi dikurangi                      including transaction cost less accumulated
        akumulasi penyusutan dan penurunan nilai, jika                    depreciation and impairment losses, if any,
        ada, kecuali tanah yang tidak disusutkan. Jumlah                  except for land which is not depreciated. The
        tercatat termasuk bagian biaya penggantian dari                   carrying amount includes the cost of replacing
        properti investasi yang ada pada saat terjadinya                  part of the investment properties, if the
        biaya, jika kriteria pengakuan terpenuhi, dan tidak               recognition criteria are met, and excludes the
        termasuk biaya harian penggunaan properti                         daily expenses on the investment properties
        investasi.                                                        usage.

        Properti investasi Grup terdiri dari tanah,                       Investment properties of the Group consist of
        bangunan dan prasarana yang dikuasai Grup                         land, buildings and infrastructures held by the
        untuk menghasilkan sewa atau untuk kenaikan                       Group to earn rentals or for capital appreciation
        nilai atau kedua-duanya, dan tidak untuk                          or both, rather than for use in the production or
        digunakan dalam produksi atau penyediaan                          supply of goods or services or for administrative
        barang atau jasa untuk tujuan administratif atau                  purposes or sale in the ordinary course of
        dijual dalam kegiatan usaha sehari-hari.                          business.

        Penyusutan bangunan dan prasarana dihitung                        Depreciation of buildings and infrastructure are
        dengan menggunakan metode garis lurus selama                      computed using the straight-line method over the
        umur manfaat aset tetap antara 20 sampai                          useful life of the assets within 20 to 50 years.
        dengan 50 tahun.

        Properti investasi dihentikan pengakuannya pada                   Investment properties are derecognized either
        saat pelepasan atau ketika properti investasi                     when it has been disposed of or when the
        tersebut tidak digunakan lagi secara permanen                     investment property is permanently withdrawn
        dan tidak memiliki manfaat ekonomis di masa                       from use and no future benefit is expected from
        depan yang dapat diharapkan pada saat                             its disposal. Gains or losses arising from the
        pelepasannya. Laba atau rugi yang timbul dari                     retirement or disposal of investment properties
        penghentian atau pelepasan properti investasi                     are recognized in the consolidated statements of
        diakui dalam laporan laba rugi dan penghasilan                    profit or loss and other comprehensive income in
        komprehensif lain konsolidasian dalam tahun                       the year of retirement or disposal.
        terjadinya penghentian atau pelepasan tersebut.




                                                              30
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PT BAKRIELAND DEVELOPMENT Tbk                                    PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                 AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                    FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                   FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                        DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan               (Expressed in millions of Rupiah, unless otherwise
lain)                                                            stated)

3.   KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan)                     3.   MATERIAL ACCOUNTING POLICIES (Continued)

     n. Aset Tetap                                                    n. Fixed Assets

        Efektif tanggal 1 Januari 2023, Grup menerapkan                 Effective January 1, 2023, the Group has applied
        Amendemen PSAK No. 16 “Aset Tetap” tentang                      Amendment to PSAK No. 16, “Fixed Assets”
        Hasil Sebelum Penggunaan yang Diintensifkan,                    about Proceeds before Intended Use, which
        yang tidak memperbolehkan entitas untuk                         prohibits entities to deduct from the cost of an
        mengurangi suatu hasil penjualan item yang                      item of fixed assets, any proceeds from selling
        diproduksi saat membawa aset tersebut ke lokasi                 items produced while bringing the asset to the
        dan kondisi yang diperlukan supaya aset dapat                   location and condition necessary for it to be
        beroperasi sesuai dengan intensi manajemen dari                 capable of operating in the manner intended by
        biaya perolehan suatu aset tetap. Sebaliknya,                   management, instead, an entity recognizes
        entitas mengakui hasil dari penjualan item-item                 proceeds from selling such items, and the costs
        tersebut, dalam laba rugi.                                      of producing those items, in the profit or loss.

        Penerapan amendemen ini tidak berdampak                         The adoption of this amendment had no impact
        terhadap laporan keuangan konsolidasian Grup.                   on    the   Group’s    consolidated financial
                                                                        statements.

        Aset tetap, kecuali tanah, dinyatakan sebesar                   Fixed assets, except land, are stated at cost less
        biaya perolehan setelah dikurangi akumulasi                     accumulated depreciation and impairment
        penyusutan dan rugi penurunan nilai. Biaya                      losses. Such cost includes the cost of replacing
        perolehan termasuk biaya penggantian bagian                     part of the fixed assets when the cost is incurred,
        aset tetap saat biaya tersebut terjadi, jika                    if the recognition criteria are met. Likewise, when
        memenuhi kriteria pengakuan. Selanjutnya, pada                  a major inspection is performed, its cost is
        saat inspeksi yang signifikan dilakukan, biaya                  recognized in the carrying amount of the assets
        inspeksi itu diakui ke dalam jumlah tercatat aset               as a replacement if the recognition criterias are
        tetap sebagai penggantian jika memenuhi kriteria                met. All other repair and maintenance costs that
        pengakuan. Semua biaya perbaikan dan                            do not meet the recognition criteria are
        pemeliharaan yang tidak memenuhi kriteria                       recognized in the consolidated statement of
        pengakuan diakui dalam laporan laba rugi dan                    profit or loss and other comprehensive income
        penghasilan komprehensif lain konsolidasian                     as incurred.
        pada saat terjadinya.

        Tanah dinyatakan berdasarkan harga perolehan                    Land is stated at cost and not depreciated. The
        dan tidak disusutkan. Biaya pengurusan legal hak                cost of obtaining legal land rights in the form of
        atas tanah dalam bentuk Hak Guna Usaha                          Cultivation Rights Title (HGU), Building Rights
        (HGU), Hak Guna Bangunan (HGB) dan Hak                          Title (HGB) and the Right of Use (HP) are issued
        Pakai (HP) yang dikeluarkan pada saat tanah                     when the acquired land was first recognized as
        diperoleh pertama kali diakui sebagai bagian dari               part of the cost of land and is not amortized.
        biaya perolehan tanah dan tidak diamortisasi.                   Meanwhile, costs incurred in connection with the
        Sementara itu, biaya yang terjadi sehubungan                    extension or renewal of the rights mentioned
        dengan perpanjangan atau pembaharuan hak-hak                    above are recognized as intangible assets and
        tersebut di atas diakui sebagai aset takberwujud                amortized over the legal term or economic life of
        dan diamortisasi sepanjang umur hukum hak atau                  the land, whichever is shorter.
        umur ekonomi tanah, mana yang lebih pendek.

        Penyusutan dihitung dengan menggunakan                          Depreciation is computed using the straight-line
        metode garis lurus berdasarkan taksiran masa                    method over the estimated useful life of the
        manfaat ekonomis aset tetap, sebagai berikut:                   assets, as follows:

                                                        Tahun /
                                                         Years
        Bangunan dan prasarana                         10 - 50                               Buildings and improvements
        Mesin dan peralatan                             4 - 15                                  Machinery and equipment
        Perabotan dan perlengkapan kantor               3 - 10                    Office furniture, fixtures and equipment
        Kendaraan bermotor                              3 - 5                                                Motor vehicles




                                                            31
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PT BAKRIELAND DEVELOPMENT Tbk                                      PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                   AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                      FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                     FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                          DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                 (Expressed in millions of Rupiah, unless otherwise
lain)                                                              stated)

3.   KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan)                       3.   MATERIAL ACCOUNTING POLICIES (Continued)

        Biaya konstruksi aset tetap dikapitalisasi sebagai                 The costs of the construction of fixed assets are
        aset dalam penyelesaian. Penyusutan aset                           capitalized    as   construction      in-progress.
        dimulai pada saat aset tersebut siap untuk                         Depreciation of an asset begins when it is
        digunakan, yaitu pada saat aset tersebut berada                    available for use, such as when it is in the
        pada lokasi dan kondisi yang diinginkan agar aset                  location and condition necessary for it to be
        siap digunakan sesuai dengan keinginan dan                         capable of operating in the manner intended by
        maksud     manajemen.      Aset    tetap     dalam                 management. Construction in-progress is stated
        penyelesaian     dinyatakan     sebesar       biaya                at cost.
        perolehan.

        Biaya-biaya yang dikeluarkan untuk membangun                       Costs incurred to construct buildings on land
        gedung di atas tanah milik pihak ketiga, di mana                   owned by third parties, where the Group has the
        Grup memiliki hak atas pengelolaan bangunan-                       right to operate such buildings over a period of
        bangunan tersebut selama jangka waktu 20                           20 to 30 years, are capitalized to the cost of
        sampai dengan 30 tahun, dikapitalisasi ke dalam                    buildings.
        biaya perolehan bangunan.

        Jumlah      tercatat   aset   tetap   dihentikan                   The carrying amount of fixed assets is
        pengakuannya pada saat dilepaskan atau saat                        derecognized upon disposal or when no future
        tidak ada manfaat ekonomis masa depan yang                         economic benefits are expected from its use.
        diharapkan dari penggunaannya. Laba atau rugi                      Any gain or loss arising on derecognition of the
        yang timbul dari penghentian pengakuan aset                        assets is recognized in the consolidated profit or
        diakui dalam laporan laba rugi dan penghasilan                     loss and other comprehensive income in the year
        komprehensif lain konsolidasian pada tahun aset                    the assets are derecognized.
        tersebut dihentikan pengakuannya.

        Nilai residu, estimasi masa manfaat dan metode                     The residual values, estimated useful lives and
        penyusutan aset tetap direviu dan, bila diperlukan,                methods of depreciation of fixed assets are
        disesuaikan secara prospektif pada setiap akhir                    reviewed,    and,    if    necessary,     adjusted
        tahun buku.                                                        prospectively at each financial year end.

     o. Penurunan Nilai Aset Nonkeuangan                                o. Impairment of Non-Financial Assets

        Pada setiap akhir tahun pelaporan, Grup menilai                    The Group assesses at the end of each reporting
        apakah terdapat indikasi suatu aset mengalami                      year whether there is any indication that an asset
        penurunan nilai. Jika terdapat indikasi tersebut                   may be impaired. If such indication exists, or
        atau pada saat pengujian penurunan nilai aset                      when annual impairment testing for an asset is
        diperlukan, maka Grup membuat estimasi jumlah                      required, the Group makes an estimate of the
        terpulihkan aset tersebut.                                         asset’s recoverable amount.

        Rugi penurunan nilai diakui sebagai rugi tahun                     Impairment losses are recognized in the current
        berjalan, kecuali untuk aset nonkeuangan yang                      year’s profit or loss, unless non-financial assets
        dicatat dengan nilai penilaian kembali.                            carried at revalued amounts.

        Rugi penurunan nilai akan jika terdapat                            An impairment loss is reversed if there has been
        perubahan dalam taksiran yang digunakan untuk                      a change in the estimates used to determine the
        menentukan nilai aset nonkeuangan yang dapat                       recoverable amount of a non-financial assets
        dipulihkan (recoverable amount) dipulihkan selain                  other than goodwill.annualta An impairment loss
        goodwill. Rugi penurunan nilai hanya akan                          is only reversed to the extent that the non-
        dipulihkan sampai sebatas nilai tercatat aset                      financial asset’s carrying amount does not
        nonkeuangan      tidak     boleh     melebihi nilai                exceed the recoverable amount, nor exceed the
        terpulihkannya maupun nilai tercatat yang                          carrying amount that would have been
        seharusnya diakui, setelah dikurangi depresiasi                    determined, net of depreciation or amortization, if
        atau amortisasi, jika tidak ada pengakuan rugi                     no impairment loss of non-financial assets has
        penurunan nilai aset nonkeuangan. Pembalikan                       been recognized. Reversal of an impairment loss
        rugi penurunan nilai diakui dalam laporan laba                     is recognized in the consolidated statement of
        rugi    dan    penghasilan     komprehensif   lain                 profit or loss and other comprehensive income.
        konsolidasian. Kerugian penurunan nilai yang                       Impairment losses relating to goodwill are not
        diakui atas goodwill tidak dibalik lagi.                           reversed.


                                                              32
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PT BAKRIELAND DEVELOPMENT Tbk                                      PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                   AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                      FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                     FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                          DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                 (Expressed in millions of Rupiah, unless otherwise
lain)                                                              stated)

3.   KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan)                       3.   MATERIAL ACCOUNTING POLICIES (Continued)

     p. Sewa                                                            p. Leases

       Grup sebagai Penyewa                                               The Group as a Lessee

       Pada tanggal permulaan kontrak, Grup menilai                       At inception of a contract, the Group assesses
       apakah kontrak merupakan, atau mengandung                          whether a contract is, or contains a lease. A
       sewa.    Suatu     kontrak    merupakan,   atau                    contract is, or contains, a lease if the contract
       mengandung sewa jika kontrak tersebut                              conveys the right to control the use of an asset
       memberikan       hak     untuk    mengendalikan                    for a period of time in exchange for a
       penggunaan aset selama jangka waktu tertentu                       consideration.
       untuk dipertukarkan dengan imbalan.

       Grup menyewa aset tetap tertentu dengan                            The Group leases certain fixed assets by
       mengakui aset hak guna dan liabilitas sewa. Aset                   recognizing the right-of-use asset and lease
       hak guna diakui sebesar biaya perolehan,                           liabilities. The right-of-use assets are stated at
       dikurangi dengan akumulasi penyusutan dan                          cost, less accumulated depreciation and
       penurunan nilai. Aset hak guna disusutkan selama                   impairment. Right-of-use assets are depreciated
       jangka waktu yang lebih pendek antara umur                         over the shorter of the useful life of the assets or
       manfaat aset hak guna atau masa sewa.                              the lease term.

       Liabilitas sewa diukur pada nilai kini pembayaran                  Lease liabilities are measured at the present
       sewa yang belum dibayar. Setiap pembayaran                         value of the lease payments that are not yet paid.
       sewa dialokasikan antara porsi pelunasan liabilitas                Each lease payment is allocated between the
       dan biaya keuangan. Liabilitas sewa disajikan                      liability portion and finance cost. Lease liabilities
       sebagai liabilitas jangka panjang kecuali untuk                    are classified as long-term liabilities except for
       bagian yang jatuh tempo dalam waktu dua belas                      those with maturities of twelve (12) months or
       (12) bulan atau kurang yang disajikan sebagai                      less which are included in current liabilities. The
       liabilitas jangka pendek. Unsur bunga dalam biaya                  interest element of the finance cost is charged to
       keuangan dibebankan ke laba rugi selama masa                       profit or loss over the lease period so as to
       sewa yang menghasilkan tingkat suku bunga                          produce a constant rate of interest on the
       konstan atas saldo liabilitas.                                     remaining balance of the liability.

       Grup tidak mengakui aset hak guna dan liabilitas                   The Group does not recognize right-of-use
       sewa untuk:                                                        assets and lease liabilities for:
       (a) sewa jangka-pendek yang memiliki masa                          (a) short-term leases that have a lease term of
           sewa dua belas (12) bulan atau kurang; atau                        twelve (12) months or less; or
       (b) sewa yang asetnya bernilai rendah.                             (b) leases with low-value assets. Payments
           Pembayaran yang dilakukan untuk sewa                               made under those leases are charged to
           tersebut dibebankan ke laba rugi dengan                            profit or loss on a straight line basis over the
           dasar garis lurus selama masa sewa.                                period of the lease.

       Grup sebagai Pesewa                                                The Group as a Lessor

       Apabila Grup memiliki aset yang disewakan                          When the Group has assets that are leased
       melalui sewa pembiayaan, nilai kini pembayaran                     under finance leases, the present value of the
       sewa diakui sebagai piutang. Selisih antara nilai                  lease payments is recognized as a receivable.
       piutang bruto dan nilai kini piutang tersebut diakui               The difference between the gross receivable and
       sebagai     penghasilan       sewa      pembiayaan                 the present value of the receivable is recognized
       tangguhan. Penghasilan sewa diakui selama                          as unearned finance lease income. Lease
       masa sewa dengan menggunakan metode                                income is recognized over the term of the lease
       investasi neto yang mencerminkan suatu tingkat                     using the net investment method, which reflects a
       pengembalian periodik yang konstan.                                constant periodic rate of return.

       Apabila aset disewakan melalui sewa operasi,                       When assets are leased under an operating
       aset disajikan di laporan posisi keuangan sesuai                   lease, the assets are presented in the statement
       sifat aset tersebut. Penghasilan sewa diakui                       of financial position based on the nature of the
       sebagai pendapatan dengan dasar garis lurus                        assets. Lease income is recognized over the
       selama masa sewa.                                                  term of the lease on a straight line basis.




                                                              33
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PT BAKRIELAND DEVELOPMENT Tbk                                   PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                  FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                       DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan              (Expressed in millions of Rupiah, unless otherwise
lain)                                                           stated)

3.   KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan)                    3.   MATERIAL ACCOUNTING POLICIES (Continued)

     q. Beban Emisi Saham                                            q. Stock Issuance Cost

       Seluruh beban yang terjadi sehubungan dengan                     All expenses related to the Company's stock
       penawaran     saham      Perusahaan   kepada                     issuance to the public are recorded as a
       masyarakat dicatat sebagai pengurang akun                        reduction of the “Additional Paid-in Capital - Net”
       “Tambahan Modal Disetor - Neto” yang                             account which is part of the equity section in the
       merupakan komponen ekuitas di dalam laporan                      consolidated statement of financial position.
       posisi keuangan konsolidasian.

     r. Pengakuan Pendapatan dan Beban                               r. Revenue and Expense Recognition

       Pendapatan                                                       Revenues

       Pengakuan pendapatan harus memenuhi lima (5)                     Revenue recognition has to fulfill five (5) steps
       langkah sebagai berikut:                                         as follows:
       (a) Mengidentifikasi kontrak dengan pelanggan.                   (a) Identify the contract with a customer.
       (b) Mengidentifikasi    kewajiban    pelaksanaan                 (b) Identify the performance obligations in the
           dalam kontrak.                                                   contract.
       (c) Menetapkan harga transaksi.                                  (c) Determine the transaction price.
       (d) Mengalokasikan harga transaksi ke setiap                     (d) Allocate the transaction price to each
           kewajiban pelaksanaan.                                           performance obligation.
       (e) Mengakui pendapatan ketika kewajiban                         (e) Recognize revenue when performance
           pelaksanaan      telah    dipenuhi    dengan                     obligation is satisfied by transferring
           menyerahkan barang atau jasa yang dijanjikan                     promised goods or services to a customer,
           ke pelanggan yaitu ketika pelanggan telah                        when the customer obtains control of that
           memiliki kendali atas barang atau jasa                           goods or services.
           tersebut.

       Grup bergerak dalam bisnis penjualan bangunan                    The Group is engaged in the business of selling
       rumah, bangunan komersial dan bangunan                           residential buildings, commercial buildings and
       lainnya beserta kavling tanahnya, dll. Pendapatan                other properties including land plots, etc.
       dari kontrak dengan panggilan dengan pelanggan                   Revenue from on-call contracts with customers
       diakui pada saat pengendalian barang atau jasa                   is recognized when control of the goods or
       dialihkan kepada pelanggan dalam jumlah yang                     services are transferred to the customer at an
       mencerminkan imbalan yang diharapkan akan                        amount that reflects the consideration to which
       menjadi hak Grup dalam pertukaran barang atau                    the Group expects to be entitled in exchange for
       jasa tersebut. Grup secara umum menyimpulkan                     those goods or services. The Group has
       bahwa hal tersebut adalah yang utama dalam                       generally concluded that it is the principal in its
       pengaturan pendapatannya.                                        revenue arrangements.,

       Pendapatan dari kontrak dengan pelanggan diakui                  Revenue from contracts with customers is
       pada saat kepemilikan aset dialihkan kepada                      recognized at the point in time when control of
       pelanggan, umumnya pada saat penyerahan aset                     the assets is transferred to the customer,
       kepada pelanggan. Uang muka yang diperoleh                       generelly on delivery of the assets. Down
       dari pelanggan sebagai “Liabilitas Kontrak”                      payment from customers as “Contract Liabilities”
       disajikan sebagai bagian dari akun “Uang Muka                    is presented as part of “Advances From
       Pelanggan” pada laporan posisi keuangan                          Customers” in the consolidated statements of
       konsolidasian.                                                   financial position.

       Pendapatan dari penjualan barang diakui bila                     Revenue from sales of goods is recognized
       kewajiban pelaksanaan dipenuhi oleh Grup.                        when the performance obligation is satisfied by
       Pendapatan diukur pada harga transaksi, yaitu                    the Group. Revenue is measured at the
       jumlah imbalan yang diperkirakan menjadi hak                     transaction price, which is the amount of
       Grup.                                                            consideration to which the Group is estimated to
                                                                        be entitled.




                                                           34
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PT BAKRIELAND DEVELOPMENT Tbk                                    PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                 AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                    FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                   FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                        DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan               (Expressed in millions of Rupiah, unless otherwise
lain)                                                            stated)

3.   KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan)                     3.   MATERIAL ACCOUNTING POLICIES (Continued)

       Pendapatan kamar hotel diakui berdasarkan                         Hotel room revenues are recognized based on
       tingkat hunian, sementara pendapatan hotel                        actual room occupancy, while other hotel
       lainnya diakui pada saat barang atau jasa telah                   revenues are recognized when goods or
       diberikan kepada tamu hotel. Pendapatan dari                      services have been provided to hotel guests.
       penjualan tiket diakui pada saat tiket yang dibeli                Sales of entrance tickets are recognized when
       oleh pengunjung digunakan. Pendapatan dari jasa                   tickets purchased by visitors are used. Service
       pelayanan, penjualan makanan dan minuman dan                      revenues and sales of food and beverage are
       jasa pelayanan diakui pada saat barang atau jasa                  recognized when the goods are delivered or
       diberikan.                                                        when the services have been rendered.

       Pendapatan sewa diakui sebagai pendapatan                         Rent revenue is recognized as income over the
       sesuai masa sewa. Sewa yang diterima dimuka                       lease term. Rentals received in advance are
       disajikan sebagai bagian dari “Pendapatan                         presented as part of “Deferred Income”.
       Ditangguhkan”.

       Pendapatan dari iuran keanggotaan klub diakui                     Revenue from club membership feesis
       sesuai dengan periode keanggotaan.                                recognized based on the membership period.

       Beban pokok penjualan tanah meliputi harga                        Cost of land sold includes the acquisition cost of
       perolehan    tanah   ditambah    pengeluaran-                     the land plus other expenses for land
       pengeluaran lain untuk pengembangan tanah.                        development. Cost of residential houses sales
       Beban pokok penjualan rumah tinggal meliputi                      cover land and all the expenses of construction
       tanah dan seluruh beban pembangunan rumah                         of residential houses until they are ready for
       tinggal sampai siap ditempati atau digunakan.                     occupancy or use. Cost of sales of
       Beban pokok penjualan kondominium, apartemen                      condominiums, apartments and office space
       dan perkantoran yang berhubungan dengan                           relating to revenue using the percentage of
       pendapatan     yang   menggunakan     metode                      completion method is recognized based on the
       persentase penyelesaian diakui sesuai dengan                      percentage of completion at the end of each
       tingkat persentase penyelesaian setiap akhir                      year.
       tahun.

       Beban                                                             Expenses

       Beban diakui pada saat terjadinya (accrual basis).                Expenses are recognized when incurred (accrual
                                                                         basis).

     s. Pajak Penghasilan                                             s. Income Tax

       Efektif tanggal 1 Januari 2023, Grup menerapkan                   Effective January 1, 2023, the Group has applied
       Amendemen PSAK No. 46 “Pajak Penghasilan”                         Amendment to PSAK No. 46, “Income Taxes”
       tentang Pajak Tangguhan terkait Aset dan                          about Deferred Tax related to Assets and
       Liabilitas yang Timbul dari Transaksi Tunggal,                    Liabilities arising from a Single Transaction,
       yang mengusulkan agar entitas mengakui aset                       which proposes that entities recognize deferred
       dan liabilitas pajak tangguhan pada saat                          tax assets and liabilities at the time of initial
       pengakuan awalnya misalnya dari transaksi sewa,                   recognition, for example from a lease
       untuk menghilangkan perbedaan praktik di                          transaction, to eliminate differences in practices
       lapangan atas transaksi tersebut dan transaksi                    between such transactions and similar
       serupa.                                                           transactions.

       Penerapan amendemen ini tidak berdampak                           The adoption of this amendment had no impact
       terhadap laporan keuangan konsolidasian Grup.                     on    the   Group’s    consolidated financial
                                                                         statements.

       Beban pajak terdiri dari pajak kini dan tangguhan.                Income tax expense comprises current and
       Beban pajak diakui dalam laporan laba rugi dan                    deferred tax. Income tax expense is recognized
       penghasilan komprehensif lain konsolidasian                       in the consolidated statement of profit or loss and
       kecuali untuk transaksi yang berhubungan dengan                   other comprehensive income except for
       transaksi diakui langsung dalam ekuitas, dalam                    transactions related to transactions recognized
       hal ini diakui sebagai penghasilan komprehensif                   directly in equity, in which case it is recognized in
       lain.                                                             other comprehensive income.




                                                            35
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PT BAKRIELAND DEVELOPMENT Tbk                                        PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                     AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                        NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                        FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                       FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                            DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                   (Expressed in millions of Rupiah, unless otherwise
lain)                                                                stated)

3.   KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan)                         3.   MATERIAL ACCOUNTING POLICIES (Continued)

       Pajak kini                                                            Current income tax

       Beban pajak kini dihitung dengan menggunakan                          Current tax expense is calculated using tax rates
       tarif pajak yang berlaku pada tanggal pelaporan                       enacted at the financial reporting date, and is
       keuangan, dan ditetapkan berdasarkan taksiran                         provided based on the estimated taxable profit
       laba kena pajak tahun berjalan. Manajemen                             for the year. Management periodically evaluates
       secara periodik mengevaluasi posisi yang                              the positions reported in the annual tax returns
       dilaporkan di Surat Pemberitahuan Tahunan                             with respect to situations where applicable tax
       (SPT) sehubungan dengan situasi di mana aturan                        regulations are subject to interpretation. If
       pajak yang berlaku membutuhkan interpretasi.                          necessary, management establishes provision
       Jika perlu, manajemen menentukan provisi                              where appropriate on the basis of amounts
       berdasarkan jumlah yang diharapkan akan dibayar                       expected to be paid to the tax authorities.
       kepada otoritas pajak.

       Aset pajak kini dan liabilitas pajak kini dilakukan                   Current tax assets and current tax liabilities are
       saling hapus jika, dan hanya jika, entitas memiliki                   offset if, and only if, the entity has a legally
       hak yang dapat dipaksakan secara hukum untuk                          enforceable right to set off the recognized
       melakukan saling hapus jumlah yang diakui; dan                        amounts; and intends either to settle on a net
       memiliki intensi untuk menyelesaikan dengan                           basis, or to realize the asset and settle the
       dasar neto, atau merealisasikan aset dan                              liability simultaneously.
       menyelesaikan liabilitas secara bersamaan.

       Pajak tangguhan                                                       Deferred tax

       Aset dan liabilitas pajak tangguhan diakui atas                       Deferred tax assets and liabilities are recognized
       perbedaan temporer antara aset dan liabilitas                         for temporary differences between the financial
       untuk tujuan komersial dan tujuan perpajakan                          and tax bases of assets and liabilities at each
       setiap tanggal pelaporan. Aset pajak tangguhan                        reporting date. Deferred tax assets are
       diakui untuk seluruh perbedaan temporer yang                          recognized for all deductible temporary
       boleh dikurangkan sepanjang besar kemungkinan                         differences to the extent that it is probable that
       perbedaan temporer yang boleh dikurangkan                             sufficient future taxable profit will be available
       tersebut dapat dimanfaatkan untuk mengurangi                          against which the deductible temporary
       laba kena pajak pada masa yang akan datang.                           difference can be utilized. Future tax benefits,
       Manfaat pajak di masa mendatang, seperti saldo                        such as the carryforward of unused tax losses,
       rugi fiskal yang belum digunakan, diakui sejauh                       are also recognized to the extent that realization
       besar kemungkinan realisasi atas manfaat pajak                        of such benefits is probable.
       tersebut.

       Aset dan liabilitas pajak tangguhan diukur pada                       Deferred tax assets and liabilities are measured
       tarif pajak yang diharapkan akan digunakan pada                       at the tax rates that are expected to apply to the
       periode ketika aset direalisasi atau ketika liabilitas                period when the asset is realized or the liability is
       dilunasi berdasarkan tarif pajak (dan peraturan                       settled, based on tax rates (and tax laws) that
       perpajakan) yang berlaku atau secara substansial                      have been enacted or substantively enacted at
       telah diberlakukan pada akhir periode pelaporan.                      the end of the reporting period.

       Aset pajak tangguhan dan liabilitas pajak                             Deferred tax assets and deferred tax liabilities
       tangguhan dilakukan saling hapus jika, dan hanya                      are offset if, and only if, the entity has a legally
       jika, entitas memiliki hak secara hukum untuk                         enforceable right to set off current tax assets
       saling hapus aset pajak kini terhadap liabilitas                      against current tax liabilities, and the deferred tax
       pajak kini, dan aset pajak tangguhan dan liabilitas                   assets and the deferred tax liabilities relate to
       pajak tangguhan terkait dengan pajak penghasilan                      income taxes levied by the same taxation
       yang dikenakan oleh otoritas perpajakan atas                          authority on either the same taxable entity, or
       entitas kena pajak, yang sama atau entitas kena                       different taxable entities which intend either to
       pajak berbeda yang bermaksud untuk memulihkan                         settle current tax liabilities and assets on a net
       aset dan liabilitas pajak kini dengan dasar neto,                     basis, or to realize the assets and settle the
       atau merealisasikan aset dan menyelesaikan                            liabilities simultaneously, in each future period in
       liabilitas secara bersamaan, pada setiap periode                      which significant amounts of deferred tax
       masa depan yang mana jumlah signifikan atas                           liabilities or assets are expected to be settled or
       aset atau liabilitas pajak tangguhan diharapkan                       recovered.
       diselesaikan atau dipulihkan.




                                                                36
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PT BAKRIELAND DEVELOPMENT Tbk                                      PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                   AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                      FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                     FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                          DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                 (Expressed in millions of Rupiah, unless otherwise
lain)                                                              stated)

3.   KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan)                       3.   MATERIAL ACCOUNTING POLICIES (Continued)

        Perubahan terhadap kewajiban perpajakan diakui                     Amendments to tax obligations are recorded
        pada saat penetapan pajak diterima dan/atau, jika                  when an assessment is received and/or, if
        Grup mengajukan keberatan dan/atau banding,                        objected to and/or appealed against by the
        pada saat keputusan atas keberatan dan/atau                        Group, when the result of the objection and/or
        banding telah ditetapkan.                                          appeal is determined.

        Pajak penghasilan final                                            Final income tax

        Peraturan perpajakan di Indonesia mengatur                         Indonesian tax laws regulate several types of
        beberapa jenis penghasilan dikenakan pajak final.                  income subject to final tax. Final income tax is
        Pajak penghasilan final dikenakan atas nilai bruto                 imposed on gross transaction value and will still
        transaksi dan akan tetap dikenakan walaupun                        be imposed even if the result of the transaction
        hasil     pelaksanaan       transaksi    tersebut                  causes a loss.
        menyebabkan kerugian.

        Mengacu pada PSAK No. 46, pajak penghasilan                        In accordance with PSAK No. 46, the final
        final tidak termasuk dalam lingkup yang diatur oleh                income tax is not included in the scope set by
        PSAK No. 46. Oleh karena itu, Grup memutuskan                      PSAK No. 46. Therefore, the Group decides to
        untuk menyajikan pajak penghasilan final                           present the final income tax regarding real estate
        sehubungan dengan pendapatan dari penjualan                        sales in “Final income tax expenses” accounts in
        real estat pada akun “Beban pajak penghasilan                      the consolidated statement of profit or loss and
        final” pada laporan laba rugi dan penghasilan                      other comprehensive income.
        komprehensif lain konsolidasian.

        Perbedaan nilai tercatat aset atau liabilitas yang                 Differences in the carrying amount of assets or
        berhubungan dengan pajak penghasilan final tidak                   liabilities regarding final income tax is not
        diakui sebagai aset atau liabilitas pajak                          recognized as deferred tax assets or liabilities.
        tangguhan. Beban pajak penghasilan tahun                           Current year income tax expense relating to
        berjalan sehubungan dengan penghasilan yang                        revenue subject to final income tax is recognized
        dikenakan pajak penghasilan final diakui secara                    proportionally to total recognized revenue on
        proporsional dengan total pendapatan yang diakui                   current year for accounting purposes.
        pada tahun berjalan untuk tujuan akuntansi.

        Selisih antara jumlah pajak penghasilan final yang                 Differences in total final income tax paid and
        telah dibayar dengan jumlah yang diakui sebagai                    amount recognized as final income tax expense
        beban pajak penghasilan final pada laporan laba                    in the consolidated statement of profit or loss and
        rugi    dan    penghasilan    komprehensif     lain                other comprehensive income will be recognized
        konsolidasian diakui sebagai pajak dibayar dimuka                  as prepaid tax or tax payable.
        atau utang pajak.

     t. Selisih Nilai Transaksi Restrukturisasi dengan                  t. Difference in Value of Restructuring
        Entitas Sepengendali                                               Transactions with Entities under Common
                                                                           Control

        Transaksi kombinasi bisnis entitas sepengendali,                   Business combination transactions of entities
        berupa pengalihan bisnis yang dilakukan dalam                      under common control, such as transfers of
        rangka reorganisasi entitas-entitas yang berada di                 businesses conducted within the framework of
        dalam suatu Grup yang sama, bukan merupakan                        the reorganization of the entities that are in the
        perubahan kepemilikan dalam arti substansi                         same Group, is not a change of ownership in
        ekonomi, sehingga transaksi tersebut tidak                         terms of economic substance, so that the
        menimbulkan laba atau rugi bagi Grup secara                        transaction does not result in a gain or loss for
        keseluruhan ataupun bagi entitas individu dalam                    the Group as a whole or for individual entities
        Grup tersebut.                                                     within the Group.

        Karena transaksi kombinasi bisnis entitas                          Since the business combination transaction of
        sepengendali tidak menyebabkan perubahan                           entities under common control does not result in
        substansi ekonomi kepemilikan atas bisnis yang                     a change of ownership in terms of the economic
        dipertukarkan, maka transaksi tersebut diakui                      substance of the businesses which are
        pada jumlah tercatat berdasarkan metode                            exchanged, the transaction is recognized in the
        penyatuan kepemilikan.                                             carrying amount based on the pooling of interest
                                                                           method.



                                                              37
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PT BAKRIELAND DEVELOPMENT Tbk                                     PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                  AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                     FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                    FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                         DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                (Expressed in millions of Rupiah, unless otherwise
lain)                                                             stated)

3.   KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan)                      3.   MATERIAL ACCOUNTING POLICIES (Continued)

       Dalam      menerapkan       metode       penyatuan                 In applying the pooling-of-interest method, the
       kepemilikan, unsur-unsur laporan keuangan dari                     components of the financial statements for the
       entitas yang bergabung, untuk tahun terjadinya                     year during which the restructuring occurred and
       kombinasi bisnis entitas sepengendali dan untuk                    for other years presented for comparison
       tahun komparatif sajian, disajikan sedemikian rupa                 purposes are presented in such a manner as if
       seolah-olah penggabungan tersebut telah terjadi                    the restructuring has already happened since the
       sejak awal tahun entitas yang bergabung berada                     beginning of the entity was under common
       dalam sepengendalian. Jumlah tercatat dari                         control. The carrying values of the elements of
       unsur-unsur     laporan      keuangan      tersebut                those statements are the carrying amount of the
       merupakan jumlah tercatat dari entitas yang                        joining entity in a business combination under
       bergabung dalam kombinasi bisnis entitas                           common control. The difference between the
       sepengendali. Selisih antara imbalan yang                          consideration transferred and the carrying
       dialihkan dan jumlah tercatat dari setiap transaksi                amount of each business combination under
       kombinasi bisnis entitas sepengendali disajikan di                 common control transaction is presented in
       ekuitas dalam pos tambahan modal disetor.                          equity under additional paid-in capital.

     u. Imbalan Kerja                                                  u. Employee Benefits

       Imbalan Kerja Jangka Pendek                                        Short-term Employee Benefits

       Imbalan kerja jangka pendek merupakan                              Short-term     employee  benefits  represent
       kompensasi yang diberikan oleh Grup seperti gaji,                  compensation provided by the Group such as
       tunjangan dan bonus, yang diakui pada saat                         salaries, allowances and bonuses paid, which
       terutang kepada karyawan.                                          are recognized when they accrue to the
                                                                          employees.

       Imbalan Pascakerja                                                 Post-employment Benefits

       Grup menentukan liabilitas imbalan pascakerja                      The Group determines its post-employment
       sesuai dengan Peraturan Pemerintah Nomor 35                        benefits liability based       on Government
       Tahun 2021 (PP 35/2021) yang melaksanakan                          Regulation Number 35 Year 2021 (PP 35/2021)
       ketentuan Pasal 81 dan Pasal 185(b) Undang-                        which implements the provisions of Article 81
       Undang No. 11/2020 mengenai Cipta Kerja.                           and       Article       185(b)       of      Law
       PSAK No. 24 mensyaratkan entitas menggunakan                       No. 11/2020 concerning Job Creation (Cipta
       metode “Projected Unit Credit” untuk menentukan                    Kerja). PSAK No. 24 requires the present value
       nilai kini kewajiban imbalan pasti, biaya jasa kini                of the defined benefit obligation, the related
       terkait, dan biaya jasa lalu.                                      current service cost, and past service cost to be
                                                                          determined using the “Projected Unit Credit”
                                                                          method.

       Ketika entitas memiliki surplus dalam program                      When an entity has a surplus in a defined benefit
       imbalan pasti, maka entitas mengukur aset                          plan, it measures the defined benefit asset at the
       imbalan pasti pada jumlah yang lebih rendah                        lower amount between the surplus of the defined
       antara surplus program imbalan pasti dan batas                     benefit plan and the upper limit on assets
       atas aset yang ditentukan dengan menggunakan                       determined using a discount rate.
       tingkat diskonto.

       Entitas mengakui komponen biaya imbalan pasti,                     An entity recognizes the components of defined
       kecuali SAK mensyaratkan atau mengizinkan                          benefit cost, except SAK requires or permits
       biaya tersebut sebagai biaya perolehan aset,                       such costs as the acquisition cost of the asset,
       sebagai berikut:                                                   as follows:

       (a) biaya jasa dalam laba rugi;                                    (a) service cost in profit or loss;
       (b) bunga neto atas liabilitas (aset) imbalan pasti                (b) net interest on net liability (asset) of defined
           neto dalam laba rugi; dan                                          benefit in profit or loss; and
       (c) pengukuran kembali liabilitas (aset) imbalan                   (c) any change in the effect of the asset ceiling,
           pasti neto dalam penghasilan komprehensif                          excluding amounts included in net interest on
           lain.                                                              the net defined benefit liability (asset).



                                                             38
Page 317
PT BAKRIELAND DEVELOPMENT Tbk                                      PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                   AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                      FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                     FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                          DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                 (Expressed in millions of Rupiah, unless otherwise
lain)                                                              stated)

3.   KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan)                       3.   MATERIAL ACCOUNTING POLICIES (Continued)

       Pengukuran kembali atas liabilitas (aset) imbalan                   Remeasurement on net liability (asset) of defined
       pasti neto yang diakui dalam penghasilan                            benefit recognized in other comprehensive
       komprehensif lain tidak direklasifikasi ke laba rugi                income is not reclassified to profit or loss in
       pada periode berikutnya. Akan tetapi, entitas                       subsequent periods. However, the entity may
       dapat mengalihkan jumlah yang diakui sebagai                        transfer the amounts recognized as other
       penghasilan komprehensif lain tersebut pada pos                     comprehensive income in another account in
       lain dalam ekuitas.                                                 equity.

       (a) keuntungan dan kerugian aktuarial;                              (a) actuarial gains and losses;
       (b) imbal hasil atas aset program, tidak termasuk                   (b) return on plan assets, excluding amounts
           jumlah yang dimasukkan dalam bunga neto                             included in net interest on the net defined
           atas liabilitas (aset) imbalan pasti neto; dan                      benefit liability (asset); and
       (c) setiap perubahan dampak batas atas aset,                        (c) any change in the effect of the asset ceiling,
           tidak termasuk jumlah yang dimasukkan dalam                         excluding amounts included in net interest on
           bunga neto atas liabilitas (aset) imbalan pasti                     the net defined benefit liability (asset).
           neto.

       Entitas mengakui biaya jasa lalu sebagai beban                      The entity recognizes past service cost as an
       pada tanggal yang lebih awal antara ketika                          expense at the earliest of when the amendments
       amendemen atau kurtailmen program terjadi dan                       or curtailment of program occurs and when the
       ketika entitas mengakui biaya restrukturisasi                       entity recognizes related restructuring costs or
       terkait atau pesangon.                                              severances.

       Grup mengakui keuntungan atau kerugian atas                         The Group recognizes gains or losses on the
       penyelesaian program imbalan pasti pada saat                        curtailment or settlement of a defined benefit
       kurtailmen atau penyelesaian terjadi. Kurtailmen                    plan when such occur. A curtailment occurs
       terjadi ketika entitas mengurangi secara signifikan                 when an entity makes a material reduction in the
       jumlah pekerja yang ditanggung oleh program,                        number of employees covered by a plan, or
       atau mengubah ketentuan program imbalan pasti                       amends the terms of a defined benefit plan so
       sehingga unsur yang signifikan dari jasa masa                       that a significant element of future service by
       depan karyawan saat ini tidak lagi memenuhi                         current employees will no longer qualify for
       syarat atas imbalan, atau akan memenuhi syarat                      benefits, or will qualify only for reduced benefits.
       hanya untuk imbalan yang dikurangi.

       Kurtailmen dapat terjadi karena suatu peristiwa                     A curtailment may arise from an isolated event,
       yang berdiri sendiri, seperti penutupan pabrik,                     such as the closing of a plant, discontinuance of
       penghentian operasi, atau terminasi atau                            an operation or termination or suspension of a
       penghentian program. Sebelum menentukan biaya                       plan. Before determining the past service cost, or
       jasa lalu, atau keuntungan dan kerugian atas                        gains and losses on the settlement, the Group
       penyelesaian, Grup mengukur kembali liabilitas                      shall remeasure the net liability (asset) of defined
       (aset) imbalan pasti neto menggunakan nilai wajar                   benefit using current fair value of plan assets and
       kini dari aset program dan asumsi aktuarial kini                    current actuarial assumptions (including current
       (termasuk suku bunga pasar dan harga pasar kini                     market interest rates and other current market
       yang lain) yang mencerminkan imbalan yang                           prices) that reflects the rewards offered in the
       ditawarkan dalam program sebelum amendemen,                         program prior to the amendment, curtailment or
       kurtailmen, atau penyelesaian program.                              settlement program.

       Bunga neto dihitung dengan menggunakan tingkat                      Net interest is calculated by applying the
       diskonto terhadap liabilitas atau aset imbalan pasti                discount rate to the net defined benefit liability or
       neto. Biaya jasa terdiri dari biaya jasa kini dan                   asset. Service costs comprise current service
       biaya jasa lalu, keuntungan dan kerugian                            costs and past service costs, gains and losses
       kurtailmen dan penyelesaian tidak rutin, jika ada.                  on curtailments and non-routine settlements, if
       Beban atau pendapatan bunga neto, dan biaya                         any. Net interest expense or income, and service
       jasa diakui dalam laporan laba rugi dan                             costs are recognized in the consolidated
       penghasilan komprehensif lain konsolidasian.                        statement of profit or loss and other
                                                                           comprehensive income.




                                                              39
Page 318
PT BAKRIELAND DEVELOPMENT Tbk                                    PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                 AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                    FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                   FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                        DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan               (Expressed in millions of Rupiah, unless otherwise
lain)                                                            stated)

3.   KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan)                     3.   MATERIAL ACCOUNTING POLICIES (Continued)

     v. Cadangan atas Penggantian Peralatan Operasi                   v. Reserve for      Replacement      of   Operating
                                                                         Equipment

       Entitas Anak yang bergerak dalam bidang                           Subsidiaries conducting business in hotels
       perhotelan    melakukan    pencadangan       atas                 provide a reserve for replacement of operational
       penggantian     peralatan     operasi    dengan                   equipment by charging to operations an amount
       membebankan jumlah tertentu pada biaya operasi                    based on the estimated replacement amount of
       sesuai dengan estimasi nilai penggantian dari                     cost or damage items. Actual purchases are
       harga perolehan atau barang yang rusak.                           charged to a reserve account. At the end of the
       Pembelian barang aktual dibebankan pada                           reporting year, an adjustment is made to the
       perkiraan pencadangan. Pada akhir tahun                           reserve account to recognize the difference
       pelaporan, penyesuaian dibuat atas perkiraan                      between the operational equipment items held at
       cadangan untuk mengakui perbedaan antara                          the end of the reporting year and those initially
       peralatan operasi yang dimiliki pada akhir tahun                  supplied by Subsidiaries. Any items on hand at
       pelaporan dengan jumlah yang dibeli oleh Entitas                  the end of the reporting year are adjusted to
       Anak. Nilai barang-barang yang tersedia pada                      “Inventories” accounts.
       akhir tahun pelaporan disesuaikan ke akun
       “Persediaan”.

     w. Cadangan atas Penggantian Perabotan dan                       w. Reserve Replacement         of   Furniture   and
        Peralatan                                                        Equipment

       Sehubungan dengan perjanjian yang diungkapkan                     In accordance with the agreement referred to in
       di dalam Catatan 43b, beberapa Entitas Anak,                      Note 43b, certain Subsidiaries, as the hotel
       yang merupakan badan pengelola properti hotel                     management of “Horison Suites & Residences
       “Horison Suites & Residences Rasuna”, “Aston                      Rasuna”, “Aston Bogor Hotel & Resort”, “Alana”,
       Bogor Hotel & Resort”, “Alana”, “The Grove Suite”,                “The Grove Suite” and “Swiss-BelResidences
       dan “Swiss-BelResidences Rasuna Epicentrum”                       Rasuna Epicentrum” provide a reserve for
       melakukan pencadangan atas penggantian                            replacement of furniture and equipment between
       perabotan dan peralatan antara 1% sampai                          1% to 4% of the hotel revenue.
       dengan 4% dari pendapatan hotel.

     x. Informasi Segmen                                              x. Segment Information

       Segmen operasi diidentifikasi berdasarkan laporan                 Operating segments are identified on the basis of
       internal mengenai komponen dari Grup yang                         internal reports about components of the Group
       secara regular direviu oleh pengambil keputusan                   that are regularly reviewed by the chief operating
       operasional dalam rangka mengalokasikan                           decision maker in order to allocate resources
       sumber daya dan menilai kinerja segmen operasi.                   and assess the performances of the operating
                                                                         segments.

       Segmen operasi adalah suatu komponen dari                         An operating segment is a component of an
       entitas:                                                          entity:
       (a) yang terlibat dalam aktivitas bisnis untuk                    (a) that engages in business activities to earn
           memperoleh pendapatan dan menimbulkan                             revenues and incur expenses (including
           beban (termasuk pendapatan dan beban                              revenues and expenses relating to the
           terkait dengan transaksi dengan komponen                          transactions with other components of the
           lain dari entitas yang sama);                                     same entity);
       (b) yang hasil operasinya dikaji ulang secara                     (b) whose operating results are reviewed
           regular oleh pengambil keputusan operasional                      regularly by the entity’s chief operating
           untuk membuat keputusan tentang sumber                            decision maker to make decisions about
           daya yang dialokasikan pada segmen tersebut                       resources to be allocated to the segments
           dan menilai kinerjanya; dan                                       and assess its performance; and
       (c) di mana tersedia informasi keuangan yang                      (c) for which discrete financial information is
           dapat dipisahkan.                                                 available.




                                                            40
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PT BAKRIELAND DEVELOPMENT Tbk                                     PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                  AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                     FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                    FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                         DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                (Expressed in millions of Rupiah, unless otherwise
lain)                                                             stated)

3.   KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan)                      3.   MATERIAL ACCOUNTING POLICIES (Continued)

       Informasi yang digunakan oleh pengambil                            Information reported to the chief operating
       keputusan operasional dalam rangka alokasi                         decision maker for the purpose of resource
       sumber daya dan penilaian kinerja mereka                           allocation and assessment of performance is
       terfokus pada kategori dari setiap produk.                         more specifically focused on the category of
                                                                          each product.

       Pendapatan, beban, hasil, aset dan liabilitas                      Segment revenues, expenses, results, assets
       segmen termasuk hal-hal yang dapat diatribusikan                   and liabilities include those directly attributable to
       secara langsung kepada suatu segmen serta hal-                     a segment as well as those that can be allocated
       hal yang dapat dialokasikan dengan dasar yang                      on a reasonable basis to that segment. They are
       memadai untuk segmen tersebut. Segmen                              determined before intra group balances and
       ditentukan sebelum saldo dan transaksi antar                       transactions are eliminated.
       perusahaan dieliminasi.

     y. Laba atau Rugi Per Saham                                       y. Earnings or Losses Per Share

       Laba atau rugi neto per saham dasar dihitung                       Basic earnings or losses per share are
       dengan membagi laba atau rugi tahun berjalan                       calculated by dividing profits or losses
       yang dapat diatribusikan kepada pemilik entitas                    attributable to ordinary equity holders of the
       induk dengan rata-rata tertimbang jumlah saham                     parent entity, by the weighted average number of
       biasa   yang    beredar     pada   tahun   yang                    issued ordinary shares during the year.
       bersangkutan.

       Pada tanggal pelaporan, tidak ada efek berpotensi                  As at the reporting date, there were no
       saham biasa yang dapat menimbulkan pengaruh                        potentially dilutive ordinary shares that would
       dilutif pada rugi neto. Oleh karena itu, rugi neto                 give rise to a dilution of net loss per share. Thus,
       per saham dilusian sama dengan rugi per saham                      diluted net loss per share is the same as basic
       dasar.                                                             loss per share.

       Laba atau rugi per saham dilusian dihitung dengan                  Diluted earnings or loss per share amounts are
       membagi laba atau rugi neto tahun berjalan yang                    calculated by dividing the net profit or loss
       dapat diatribusikan kepada pemilik entitas induk                   attributable to ordinary equity holders of the
       (setelah disesuaikan dengan bunga atas saham                       parent (after adjusting for interest on the
       preferen yang dapat dikonversi) dengan jumlah                      convertible preference shares) by the weighted
       rata-rata tertimbang saham yang beredar untuk                      average number of ordinary shares outstanding
       tahun yang bersangkutan ditambah jumlah saham                      during the year plus the weighted average
       rata-rata tertimbang yang akan diterbitkan pada                    number of ordinary shares that would be issued
       saat pengkonversian semua instrumen berpotensi                     on conversion of all the dilutive potential ordinary
       saham biasa yang bersifat dilusian menjadi saham                   shares into ordinary shares.
       biasa.

     z. Biaya Pinjaman                                                 z. Borrowing Costs

       Biaya pinjaman yang dapat diatribusikan langsung                   Borrowing costs directly attributable to the
       dengan      perolehan,     pembangunan,        atau                acquisition, construction or production of an
       pembuatan aset yang membutuhkan waktu yang                         asset that takes a substantial period of time to
       cukup lama untuk persiapan digunakan sesuai                        prepare for its intended use or sale are
       tujuannya atau dijual dikapitalisasi sebagai bagian                capitalized as part of the cost of the respective
       dari biaya aset yang bersangkutan. Penghasilan                     assets. Investment income earned on temporary
       investasi diperoleh atas investasi sementara dari                  investment from borrowings that have not
       pinjaman yang secara spesifik belum digunakan                      specifically been used for the expenditure of
       untuk pengeluaran aset kualifikasian dikurangi dari                qualifying assets, less capitalized borrowing
       biaya pinjaman yang dikapitalisasi.                                costs.

       Semua biaya pinjaman lainnya diakui sebagai                        All other borrowing costs are expensed in the
       beban pada periode terjadi. Biaya pinjaman terdiri                 period incurred. Borrowing costs consist of
       dari biaya bunga dan biaya lain yang ditanggung                    interest and other costs that the Group incurs in
       oleh Grup sehubungan dengan peminjaman dana.                       connection with the borrowing of funds.



                                                             41
Page 320
PT BAKRIELAND DEVELOPMENT Tbk                                     PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                  AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                     FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                    FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                         DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                (Expressed in millions of Rupiah, unless otherwise
lain)                                                             stated)

3.   KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan)                      3.   MATERIAL ACCOUNTING POLICIES (Continued)

       Kapitalisasi biaya pinjaman dimulai pada saat                      Capitalization of borrowing costs commences
       aktivitas yang diperlukan untuk mempersiapkan                      when the activities to prepare the qualifying
       aset agar dapat digunakan sesuai dengan                            asset for its intended use are in progress and the
       maksudnya, dan pengeluaran untuk aset                              expenditures for the qualifying asset and the
       kualifikasian dan biaya pinjamannya telah terjadi.                 borrowing       costs   have     been     incurred.
       Kapitalisasi biaya pinjaman dihentikan pada saat                   Capitalization of borrowing costs ceases when
       selesainya secara substansi seluruh aktivitas yang                 substantially all the activities necessary to
       diperlukan      untuk     mempersiapkan        aset                prepare the qualifying assets are substantially
       kualifikasian agar dapat digunakan sesuai dengan                   completed for their intended use.
       maksudnya.

     aa.Aset Takberwujud                                               aa. Intangible Assets

       Aset takberwujud yang diperoleh secara terpisah                    Intangible assets acquired separately are
       pada awalnya diakui sebesar biaya perolehan.                       measured on initial recognition at cost. The cost
       Biaya perolehan aset takberwujud yang diperoleh                    of intangible assets acquired in a business
       dalam kombinasi bisnis adalah nilai wajar aset                     combination is its fair value as of the date of
       pada tanggal akuisisi. Setelah pengakuan awal,                     acquisition. Subsequent to initial recognition,
       aset takberwujud dicatat sebesar biaya perolehan                   intangible assets are carried at cost less any
       dikurangi akumulasi amortisasi dan akumulasi rugi                  accumulated amortization and accumulated
       penurunan nilai, jika ada.                                         impairment losses, if any.

       Aset takberwujud yang dihasilkan secara internal,                  Internally generated intangible assets, excluding
       selain biaya pengembangan yang dikapitalisasi,                     capitalized development costs, are not
       tidak dikapitalisasi dan pengeluaran tercermin                     capitalized and expenditure is reflected in the
       dalam laporan laba rugi dan penghasilan                            consolidated statement of profit or loss and other
       komprehensif lain konsolidasian pada tahun di                      comprehensive income in the year in which the
       mana pengeluaran tersebut terjadi.                                 expenditure is incurred.

       Umur manfaat aset takberwujud dinilai terbatas                     The useful lives of intangible assets are
       atau tidak terbatas. Aset takberwujud dengan                       assessed as either finite or indefinite. Intangible
       umur manfaat terbatas diamortisasi selama masa                     assets with finite lives are amortized over the
       manfaat ekonomis dan menguji penurunan nilai                       useful economic life and assessed for
       apabila terdapat indikasi aset takberwujud                         impairment whenever there is an indication that
       mengalami penurunan nilai.                                         the intangible asset may be impaired.

       Periode amortisasi dan metode amortisasi untuk                     The amortization period and the amortization
       aset takberwujud ditinjau setidaknya pada setiap                   method for an intangible asset is reviewed at
       akhir periode pelaporan. Perubahan pada                            least at the end of each reporting period.
       perkiraan umur manfaat atau perkiraan pola                         Changes in the expected useful life or the
       konsumsi manfaat ekonomi terjadi pada aset                         expected pattern of consumption of future
       tersebut dicatat dengan mengubah periode                           economic benefits embodied in the asset is
       amortisasi atau metode, yang sesuai, dan                           accounted for by changing the amortization
       diperlakukan   sebagai     perubahan    estimasi                   period or method, as appropriate, and are
       akuntansi. Beban amortisasi aset takberwujud                       treated as changes in accounting estimates. The
       diakui dalam laporan laba rugi dan penghasilan                     amortization expense on intangible assets is
       komprehensif lain konsolidasian dalam kategori                     recognized in the consolidated statement of profit
       biaya yang konsisten dengan fungsi dari aset                       or loss and other comprehensive income in the
       takberwujud.                                                       expense category consistent with the function of
                                                                          the intangible assets.

       Laba atau rugi yang timbul dari penghentian                        Gains or losses arising from derecognition of an
       pengakuan aset takberwujud ditentukan sebagai                      intangible asset are measured as the difference
       selisih antara hasil neto pelepasan dan jumlah                     between the net disposal proceeds and the
       tercatat aset dan diakui dalam laporan laba rugi                   carrying amount of the asset and are recognized
       dan penghasilan komprehensif lain konsolidasian                    in the consolidated statement of profit or loss and
       ketika aset tersebut dihentikan pengakuannya.                      other comprehensive income when the asset is
                                                                          derecognized.



                                                             42
Page 321
PT BAKRIELAND DEVELOPMENT Tbk                                       PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                    AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                       FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                      FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                           DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                  (Expressed in millions of Rupiah, unless otherwise
lain)                                                               stated)

3.   KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan)                        3.   MATERIAL ACCOUNTING POLICIES (Continued)

       Goodwill merupakan selisih lebih biaya perolehan                     Goodwill represents the excess of the cost of an
       atas kepemilikan Grup terhadap nilai wajar aset                      acquisition over the fair value of the Group’s
       neto teridentifikasi dari Entitas Anak, entitas                      share of the net identifiable assets of the
       asosiasi atau pengendalian bersama entitas pada                      acquired Subsidiary, associate or jointly
       tanggal akuisisi. Kepentingan Nonpengendali                          controlled entity at the effective date of
       (NCI) diukur pada proporsi kepemilikan NCI atas                      acquisition. Non-controlling Interest (NCI) are
       aset neto teridentifikasi pada tanggal akuisisi. Jika                measured at their proportionate share of the net
       biaya perolehan lebih rendah dari nilai wajar aset                   identifiable assets at the acquisition date. If the
       neto yang diperoleh, perbedaan tersebut diakui                       cost of acquisition is less than the fair value of
       dalam laporan laba rugi dan penghasilan                              the net assets acquired, the difference is
       komprehensif lain konsolidasian. Goodwill atas                       recognized in the consolidated profit and loss
       akuisisi entitas asosiasi dan pengendalian                           and other comprehensive income. Goodwill on
       bersama entitas disajikan di dalam investasi pada                    acquisitions of associates and jointly controlled
       entitas asosiasi dan pengendalian bersama                            entity is included in investment in associates and
       entitas. Goodwill dicatat sebesar biaya perolehan                    jointly controlled entities. Goodwill is carried at
       dikurangi dengan akumulasi kerugian penurunan                        cost less accumulated impairment loss.
       nilai.

       Goodwill atas akuisisi Entitas Anak diuji                            Goodwill upon acquisition of Subsidiaries is
       penurunan nilainya setiap tahun. Goodwill                            annually tested for impairment. Goodwill is
       dialokasikan pada setiap Unit Penghasil Kas                          allocated to Cash Generating Unit (CGU) or
       (CGU) atau kelompok CGU untuk tujuan uji                             group of CGUs for the purpose of impairment
       penurunan nilai.                                                     testing.

       Keuntungan atau kerugian atas pelepasan Entitas                      The profit or loss on disposal of Subsidiaries,
       Anak, entitas asosiasi dan pengendalian bersama                      associates and jointly controlled entities includes
       entitas termasuk nilai tercatat dari goodwill yang                   the carrying amount of goodwill relating to the
       terkait dengan entitas yang dijual.                                  entity sold.

     bb.Musyarakah                                                       bb.Musyarakah

       Pembiayaan Musyarakah adalah akad kerjasama                          Musyarakah financing is an agreement between
       antara dua pihak atau lebih untuk suatu usaha                        two or more parties for a particular business, in
       tertentu,    di   mana  masing-masing    pihak                       which each party contributes funds provided that
       memberikan kontribusi dana dengan ketentuan                          the profits are divided according to the
       bahwa       keuntungan   dibagi   berdasarkan                        agreement, while losses are based on the portion
       kesepakatan, sedangkan kerugian berdasarkan                          of fund contributions.
       porsi kontribusi dana.

       Pembiayaan Musyarakah         dinyatakan    sebesar                  Musyarakah financing is stated at outstanding
       saldo pembiayaan.                                                    balance.

     cc. Modal Saham yang Diperoleh Kembali                              cc. Treasury Stock

       Modal saham yang diperoleh kembali, dicatat                          Treasury stock is stated, at acquisition cost and
       sebesar nilai perolehan dan disajikan sebagai                        shown as reduction from capital stock under the
       pengurang modal saham di bagian ekuitas dalam                        shareholders’ equity section of the consolidated
       laporan posisi keuangan konsolidasian. Selisih                       statement of financial position. The difference
       antara nilai yang diterima atas penjualan saham                      between the proceeds from resale of treasury
       yang diperoleh kembali dan harga perolehan yang                      stock and the related acquisition cost is
       terkait dicatat sebagai penambahan atau                              accounted for as an addition to or reduction from
       pengurangan dari agio saham. Apabila saham                           additional paid-in capital. When the treasury
       yang diperoleh kembali tersebut ditarik kembali,                     stock is retired, the difference between
       selisih antara harga perolehan dan nilai nominal                     acquisition cost and par value is allocated
       dialokasikan antara agio saham dan saldo laba.                       between the related additional paid-in capital and
                                                                            retained earnings.




                                                               43
Page 322
PT BAKRIELAND DEVELOPMENT Tbk                                          PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                       AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                          NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                          FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                         FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                              DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                     (Expressed in millions of Rupiah, unless otherwise
lain)                                                                  stated)

3.   KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan)                           3.   MATERIAL ACCOUNTING POLICIES (Continued)

     dd.Provisi                                                             dd.Provisions

        Provisi diakui jika Grup memiliki liabilitas kini (baik                Provisions are recognized when the Group has a
        bersifat hukum maupun bersifat konstruktif) yang                       present obligation (legal or constructive) where,
        akibat peristiwa masa lalu, besar kemungkinannya                       as a result of a past event, it is probable that an
        besar      penyelesaian       liabilitas      tersebut                 outflow of resources embodying economic
        mengakibatkan arus keluar sumber daya yang                             benefits would be required to settle the obligation
        mengandung manfaat ekonomi dan estimasi yang                           and a reliable estimate can be made of the
        andal mengenai jumlah liabilitas tersebut dapat                        amount of the obligation. Where the Group
        dibuat. Ketika Grup mengharapkan sebagian atau                         expects some or all of a provision to be
        seluruh provisi diganti, maka penggantian tersebut                     reimbursed, the reimbursement is recognized as
        diakui sebagai aset yang terpisah tetapi hanya                         a separate asset but only when the
        pada saat timbul keyakinan penggantian pasti                           reimbursement is virtually certain. The expense
        diterima. Beban yang terkait dengan provisi                            relating to any provision is presented in the profit
        disajikan secara neto setelah dikurangi jumlah                         or loss net of any reimbursement.
        yang diakui sebagai penggantiannya.

        Provisi ditelaah pada setiap tanggal pelaporan dan                     Provisions are reviewed at each reporting date
        disesuaikan untuk mencerminkan estimasi terbaik                        and adjusted to reflect the current best estimate.
        yang paling kini. Jika arus keluar sumber daya                         If it is no longer probable that an outflow of
        yang mengandung manfaat ekonomi untuk                                  resources embodying economic benefits would
        menyelesaikan liabilitas kemungkinan besar tidak                       be required to settle the obligation, the provision
        terjadi, maka provisi dibatalkan.                                      is reversed.

     ee. Peristiwa Setelah Periode Pelaporan                                ee. Events After the Reporting Period

        Peristiwa yang terjadi setelah periode pelaporan                       Events after the reporting period that provide
        yang menyediakan tambahan informasi mengenai                           additional information about the Group’s financial
        posisi keuangan Grup pada tanggal laporan posisi                       position at the reporting date (adjusting events),
        keuangan (peristiwa penyesuai), jika ada, telah                        if any, are reflected in the consolidated financial
        tercermin dalam laporan keuangan konsolidasian.                        statements. Events after the reporting period that
        Peristiwa-peristiwa yang terjadi setelah periode                       do not require adjustment (non-adjusting events),
        pelaporan yang tidak memerlukan penyesuaian                            where material, are disclosed in the notes to
        (peristiwa nonpenyesuai), apabila jumlahnya                            consolidated financial statements.
        material, telah diungkapkan dalam catatan atas
        laporan keuangan konsolidasian.

     ff. Pengukuran Nilai Wajar                                             ff. Fair Value Measurement

        Nilai wajar adalah harga yang akan diterima untuk                      Fair value is the price that would be received to
        menjual suatu aset atau harga yang akan dibayar                        sell an asset or paid to transfer a liability in an
        untuk mengalihkan suatu liabilitas dalam transaksi                     orderly transaction between market participants
        teratur di antara pelaku pasar pada tanggal                            at the measurement date. The fair value
        pengukuran. Pengukuran nilai wajar didasarkan                          measurement is based on the presumption that
        pada asumsi bahwa transaksi untuk menjual aset                         the transaction to sell the asset or transfer the
        atau mengalihkan liabilitas akan terjadi:                              liability takes place either:
        1. Di pasar utama untuk aset atau liabilitas                           1. In the principal market for the asset or liability;
            tersebut; atau                                                         or
        2. Jika tidak terdapat pasar utama, di pasar yang                      2. In the absence of a principal market, in the
            paling menguntungkan untuk aset atau                                   most advantageous market for the asset or
            liabilitas tersebut.                                                   liability.

        Grup harus memiliki akses ke pasar utama atau                          The principal or the most advantageous market
        pasar yang paling menguntungkan.                                       must be accessible by the Group.

        Nilai wajar aset atau liabilitas diukur menggunakan                    The fair value of an asset or a liability is
        asumsi yang akan digunakan pelaku pasar ketika                         measured using the assumptions that market
        menentukan harga aset atau liabilitas tersebut,                        participants would use when pricing the asset or
        dengan asumsi bahwa pelaku pasar bertindak                             liability, assuming that market participants act in
        dalam kepentingan ekonomis terbaiknya.                                 their best economic interest.

                                                                  44
Page 323
PT BAKRIELAND DEVELOPMENT Tbk                                         PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                      AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                         NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                         FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                        FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                             DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                    (Expressed in millions of Rupiah, unless otherwise
lain)                                                                 stated)

3.   KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan)                          3.   MATERIAL ACCOUNTING POLICIES (Continued)

        Pengukuran nilai wajar aset nonkeuangan                               A fair value measurement of a non-financial
        memperhitungkan kemampuan pelaku pasar                                asset takes into account a market participant’s
        untuk menghasilkan manfaat ekonomis dengan                            ability to generate economic benefits by using
        menggunakan aset dalam penggunaan tertinggi                           the asset in its highest and best use or by selling
        dan terbaiknya, atau dengan menjualnya kepada                         it to another market participant that would use
        pelaku pasar lain yang akan menggunakan aset                          the asset in its highest and best use.
        tersebut dalam penggunaan tertinggi dan
        terbaiknya.

        Grup menggunakan teknik penilaian yang sesuai                         The Group uses valuation techniques that are
        dalam keadaan dan di mana data yang memadai                           appropriate in the circumstances and for which
        tersedia   untuk    mengukur      nilai   wajar,                      sufficient data are available to measure fair
        memaksimalkan penggunaan input yang dapat                             value, maximizing the use of relevant observable
        diobservasi yang relevan dan meminimalkan                             inputs and minimizing the use of unobservable
        penggunaan input yang tidak dapat diobservasi.                        inputs.

        Seluruh aset dan liabilitas, baik yang diukur pada                    All assets and liabilities for which fair value is
        nilai wajar, atau di mana nilai wajar aset atau                       measured or disclosed in the consolidated
        liabilitas tersebut diungkapkan dalam laporan                         financial statements are categorized within the
        keuangan konsolidasian, dikategorikan dalam                           fair value hierarchy, described as follows, based
        hirarki nilai wajar, berdasarkan tingkat input                        on the lowest able input that significant to fair
        terendah yang signifikan terhadap keseluruhan                         value measurement as a whole:
        pengukuran, sebagai berikut:
        1. Level 1 - Harga kuotasian (tanpa penyesuaian)                      1. Level 1 - Quoted (unadjusted) market prices
            di pasar aktif untuk aset atau liabilitas yang                       in active markets for identical assets or
            identik;                                                             liabilities;
        2. Level 2 - Teknik penilaian di mana tingkat input                   2. Level 2 - Valuation techniques for which the
            terendah yang signifikan terhadap pengukuran                         lowest level input that is significant to the fair
            nilai wajar dapat diobservasi, baik secara                           value measurement is directly or indirectly
            langsung maupun tidak langsung;                                      observable;
        3. Level 3 - Teknik penilaian di mana tingkat input                   3. Level 3 - Valuation techniques for which the
            terendah yang signifikan terhadap pengukuran                         lowest level input that is significant to the fair
            nilai wajar tidak dapat diobservasi.                                 value measurement is unobservable.

        Untuk aset dan liabilitas yang diukur pada nilai                      For assets and liabilities that are recognized in
        wajar secara berulang dalam laporan keuangan                          the consolidated financial statements on a
        konsolidasian, maka Grup menentukan apakah                            recurring basis, the Group determines whether
        telah terjadi transfer di antara tingkat hirarki nilai                transfers have occurred between levels in the
        wajar      dengan      cara     menilai      kembali                  hierarchy by re-assessing categorization (based
        pengkategorian tingkat nilai wajar (berdasarkan                       on the lowest level input that is significant to the
        tingkat input terendah yang signifikan terhadap                       fair value measurement as a whole) at the end of
        keseluruhan pengukuran) pada setiap akhir                             each reporting period.
        periode pelaporan.

     Penyusunan laporan keuangan konsolidasian, sesuai                     The preparation of the Group’s consolidated
     dengan Standar Akuntansi Keuangan di Indonesia,                       financial statements requires management to make
     mewajibkan       manajemen      untuk     membuat                     judgments, estimates and assumptions that affect
     pertimbangan,     estimasi   dan    asumsi    yang                    the reported amounts herein, and the related
     memengaruhi jumlah-jumlah yang dilaporkan dalam                       disclosures, at the end of the reporting period.
     laporan keuangan. Sehubungan dengan adanya                            However, uncertainty about these assumptions and
     ketidakpastian yang melekat dalam membuat                             estimates could result in outcomes that require a
     estimasi, hasil sebenarnya yang dilaporkan di masa                    material adjustment to the carrying amount of the
     mendatang dapat berbeda dengan jumlah estimasi                        asset or liability affected in future periods.
     yang dibuat.




                                                                 45
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PT BAKRIELAND DEVELOPMENT Tbk                                       PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                    AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                       FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                      FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                           DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                  (Expressed in millions of Rupiah, unless otherwise
lain)                                                               stated)

4.   ESTIMASI DAN PERTIMBANGAN YANG PENTING                         4.   CRITICAL ACCOUNTING              ESTIMATES        AND
                                                                         JUDGMENTS

     Pertimbangan                                                        Judgments

     Dalam proses penerapan kebijakan akuntansi Grup,                    In the process of applying the Group’s accounting
     manajemen telah membuat keputusan berikut, yang                     policies, management has made the following
     memiliki pengaruh paling signifikan terhadap jumlah                 judgments, which have the most significant effect on
     yang diakui dalam laporan keuangan konsolidasian:                   the amounts recognized in the consolidated financial
                                                                         statements:

     Menentukan klasifikasi aset dan liabilitas keuangan                 Determining classification of financial assets and
                                                                         financial liabilities

     Grup menetapkan klasifikasi atas aset dan liabilitas                The Group determines the classifications of certain
     tertentu sebagai aset keuangan dan liabilitas                       assets and liabilities as financial assets and financial
     keuangan dengan mempertimbangkan bila definisi                      liabilities by judging if they meet the definition set
     yang ditetapkan PSAK No. 71 dipenuhi. Dengan                        forth in PSAK No. 71. Accordingly, the financial
     demikian, aset keuangan dan liabilitas keuangan                     assets and financial liabilities are accounted for in
     diakui sesuai dengan kebijakan akuntansi Grup                       accordance with the Group’s accounting policies
     seperti diungkapkan pada Catatan 3i.                                disclosed in Note 3i.

     Menentukan penyisihan kerugian kredit ekspektasian                  Determining provision for expected credit losses of
     atas piutang usaha                                                  trade receivables

     Grup menggunakan matriks provisi untuk menghitung                   The Group uses a provision matrix to calculate
     kerugian kredit ekspektasian untuk piutang. Tingkat                 expected credit losses for receivables. The level of
     provisi didasarkan pada piutang yang telah jatuh                    provision rates are based on receivables that are
     tempo dengan pengelompokan berbagai segmen                          past due with      grouping of various customer
     pelanggan yang memiliki pola yang sama (seperti:                    segments that have the same pattern (such as:
     letak geografis, jenis produk serta jenis dan peringkat             geographic location, product type and, type and
     pelanggan).                                                         customer rating).

     Matriks provisi pada awalnya didasarkan pada tingkat                The provision matrix is initially based on historical
     gagal bayar historis yang diobservasi oleh Grup. Grup               default rates observed by the Group. The Group
     menyesuaikan pengalaman kerugian kredit historis                    adjusts its historical credit losses experience with
     dengan informasi masa depan. Misalnya, jika                         future information. For example, if the forecast for
     perkiraan kondisi ekonomi         diperkirakan akan                 economic conditions is expected to deteriorate over
     memburuk selama setahun ke depan yang dapat                         the next year, which could lead to an increase in the
     menyebabkan peningkatan jumlah gagal bayar, Pada                    amount of default, at each reporting date, the
     setiap tanggal pelaporan, tingkat gagal bayar historis              observed historical default rates are updated and
     yang diobservasi diperbarui dan perubahan perkiraan                 changes in future forecasts are analyzed by the
     masa depan dianalisis oleh Grup.                                    Group.

     Jumlah kerugian kredit ekspektasian sensitif terhadap               The amount of expected credit losses is sensitive to
     perubahan keadaan dan perkiraan kondisi ekonomi.                    changes in circumstances and of forecast economic
     Pengalaman kerugian kredit historis Grup dan                        conditions. The Group’s historical credit loss
     perkiraan kondisi ekonomi juga tidak dapat mewakili                 experience and forecast of economic conditions may
     gagal bayar aktual pelanggan di masa depan. Rincian                 also not be representative of customer’s actual
     lebih lanjut diungkapkan di Catatan 7 dan 8.                        default in the future. Further details are disclosed in
                                                                         Notes 7 and 8.




                                                               46
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PT BAKRIELAND DEVELOPMENT Tbk                                   PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                  FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                       DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan              (Expressed in millions of Rupiah, unless otherwise
lain)                                                           stated)

4.   ESTIMASI DAN PERTIMBANGAN YANG PENTING                     4.   CRITICAL ACCOUNTING             ESTIMATES       AND
                                                                     JUDGMENTS

     Menentukan masa sewa kontrak dengan opsi                        Determining the lease term of contracts with renewal
     perpanjangan dan penghentian serta tingkat diskonto             and termination options, and discount rate when the
     ketika Grup sebagai penyewa                                     Group is the lessee

     Grup menentukan masa sewa sebagai masa sewa                     The Group determines the lease term as the non-
     yang tidak dapat dibatalkan, bersama dengan periode             cancellable term of the lease, together with any
     apa pun yang dicakup oleh opsi untuk                            periods covered by an option to extend the lease if it
     memperpanjang sewa jika cukup pasti untuk                       is reasonably certain to be exercised, or any periods
     dilaksanakan, atau periode apa pun yang dicakup                 covered by an option to terminate the lease, if it is
     oleh opsi untuk mengakhiri sewa, jika cukup pasti               reasonably certain not to be exercised.
     untuk tidak dilaksanakan.

     Grup memiliki beberapa kontrak sewa yang                        The Group has several lease contracts that include
     mencakup opsi perpanjangan dan penghentian. Grup                extension and termination options. The Group
     menerapkan pertimbangan dalam mengevaluasi                      applies judgment in evaluating whether it is
     apakah secara wajar cukup yakin bahwa opsi untuk                reasonably certain that the option to extend or
     memperpanjang atau mengakhiri sewa akan                         terminate the lease will be exercised.
     dilaksanakan.

     Grup tidak dapat menentukan suku bunga implisit.                The Group is unable to determine the implicit
     Oleh karena itu, Grup menggunakan suku bunga                    interest rate. Therefore, the Group uses the
     pinjaman inkremental sebagai tingkat diskonto untuk             incremental borrowing rate as a discount rate to
     menghitung nilai kini pembayaran sewa yang belum                calculate the present value of the unpaid lease
     dibayar untuk mengakui liabilitas sewa.      Dalam              payments in order to recognize lease liabilities. In
     menentukan suku bunga pinjaman inkremental, Grup                determining the incremental borrowing rate, the
     mempertimbangkan faktor-faktor utama antara lain:               Group considers these main factors, among others:
     suku bunga pinjaman Grup, jangka waktu sewa,                    the Group's loan interest rates, lease term, lease
     pembayaran sewa, dan mata uang di mana                          payments, and the currency in which the lease
     pembayaran sewa ditentukan.                                     payments are determined.


     Penentuan mata uang fungsional                                  Determination of functional currency

     Mata uang fungsional Grup merupakan mata uang                   The functional currencies of the Group are the
     dalam lingkungan ekonomi primer di mana entitas                 currency of the primary economic environment in
     beroperasi. Mata uang tersebut adalah mata uang                 which each entity operates. It is the currency that
     yang paling memengaruhi pendapatan dan beban                    mainly influences the revenue and cost of revenues.
     pokok     pendapatan.    Berdasarkan    penilaian               Based on the Group’s management assessment,
     manajemen Grup, mata uang fungsional Grup adalah                the Group’s functional currency is Rupiah.
     Rupiah.

     Kelangsungan Usaha                                              Going concern

     Manajemen Grup telah melakukan penilaian terhadap               The Group’s management has made an assessment
     kemampuan        Grup     untuk   mempertahankan                of the Group’s ability to continue as a going concern
     kelangsungan usaha dan menilai keyakinan bahwa                  and is satisfied that the Group has the resources to
     Grup memiliki sumber daya untuk melanjutkan bisnis              continue in business for the foreseeable future.
     di masa mendatang. Meskipun, manajemen menilai                  Although the management is aware of any material
     ketidakpastian material yang dapat menimbulkan                  uncertainties that may cast significant doubt upon
     keraguan signifikan terhadap kemampuan Grup untuk               the Group’s ability to continue as a going concern,
     mempertahankan kelangsungan usahanya, laporan                   the consolidated financial statements continue to be
     keuangan konsolidasian tetap disusun atas basis                 prepared on the going concern basis. Further details
     kelangsungan usaha. Penjelasan lebih lanjut                     are disclosed in Note 46.
     diungkapkan dalam Catatan 46.




                                                           47
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PT BAKRIELAND DEVELOPMENT Tbk                                     PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                  AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                     FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                    FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                         DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                (Expressed in millions of Rupiah, unless otherwise
lain)                                                             stated)

4.   ESTIMASI DAN PERTIMBANGAN YANG PENTING                       4.   CRITICAL ACCOUNTING              ESTIMATES       AND
                                                                       JUDGMENTS

     Komitmen sewa operasi - Grup sebagai lessor                       Operating lease commitments - Group as lessor

     Grup telah mengadakan perjanjian sewa properti                    The Group has entered into commercial property
     komersial dalam portofolio properti investasi. Grup               leases on its investment property portfolio. The
     telah menentukan berdasarkan evaluasi dari                        Group has determined, based on an evaluation of
     persyaratan dan kondisi perjanjian, bahwa Grup                    the terms and conditions of the arrangements, that it
     mempertahankan semua resiko dan manfaat                           retains all the significant risks and rewards of
     signifikan dari kepemilikan properti ini dan mengakui             ownership of these properties and accounts for the
     kontrak tersebut sebagai sewa operasi.                            contract as operating leases.

     Cadangan kerugian penurunan nilai persediaan                      Allowance for decline in value of inventories

     Penyisihan penurunan nilai pasar dan keusangan                    Allowance for decline in market value and
     persediaan diestimasi berdasarkan fakta dan situasi               obsolescence in inventories is estimated based on
     yang tersedia, termasuk namun tidak terbatas                      available facts and circumstances, including but not
     kepada, kondisi fisik persediaan yang dimiliki, harga             limited to, the inventories’ own physical conditions,
     jual pasar, estimasi biaya penyelesaian dan estimasi              its market selling prices, estimated costs of
     biaya yang timbul untuk penjualan. Provisi dievaluasi             completion and estimated costs incurred for sales.
     kembali dan disesuaikan jika terdapat tambahan                    The provisions are re-evaluated and adjusted if
     informasi yang memengaruhi jumlah yang diestimasi.                additional information received affects the estimated
     Nilai tercatat persediaan Grup diungkapkan dalam                  amounts. The carrying amounts of the Group’s
     Catatan 9.                                                        inventories are disclosed in Note 9.

     Mengevaluasi provisi dan kontinjensi                              Evaluating provisions and contingencies

     Grup melakukan pertimbangan untuk membedakan                      The Group exercises its judgment to distinguish
     antara provisi dan kontinjensi serta mempersiapkan                between provisions and contingencies and sets up
     provisi yang sesuai untuk proses hukum atau                       appropriate provisions for its legal or constructive
     kewajiban konstruktif, jika ada, sesuai dengan                    obligations, if any, in accordance with its policies on
     kebijakan provisinya dan mempertimbangkan risiko                  provisions and takes the relevant risks and
     dan ketidakpastian yang relevan. Penjelasan lebih                 uncertainty into account. Further details are
     rinci diungkapkan dalam Catatan 23 dan 47.                        disclosed in Notes 23 and 47.

     Estimasi dan Asumsi                                               Estimation and Assumptions

     Asumsi utama masa depan dan ketidakpastian                        The key assumptions concerning the future and
     sumber estimasi utama yang lain pada tanggal                      other key sources of estimated uncertainty at the
     pelaporan yang memiliki risiko signifikan bagi                    reporting date, that have a significant risk of causing
     penyesuaian yang material terhadap nilai tercatat                 a material adjustment to the carrying amounts of
     aset dan liabilitas untuk tahun berikutnya                        assets and liabilities within the next financial year,
     diungkapkan di bawah ini. Grup mendasarkan asumsi                 are described below. The Group based its
     dan estimasi pada parameter yang tersedia pada saat               assumptions and estimates on parameters available
     laporan keuangan konsolidasian disusun. Asumsi dan                when the consolidated financial statements are
     situasi mengenai perkembangan masa depan                          prepared. Existing circumstances and assumptions
     mungkin berubah akibat perubahan pasar atau situasi               about future developments however, may change
     di luar kendali Grup. Perubahan tersebut dicerminkan              due to market changes or circumstances arising
     dalam asumsi terkait pada saat terjadinya.                        beyond the control of the Group. Such changes are
                                                                       reflected in the assumptions when they occur.




                                                             48
Page 327
PT BAKRIELAND DEVELOPMENT Tbk                                        PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                     AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                        NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                        FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                       FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                            DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                   (Expressed in millions of Rupiah, unless otherwise
lain)                                                                stated)

4.   ESTIMASI DAN PERTIMBANGAN YANG PENTING                          4.   CRITICAL ACCOUNTING              ESTIMATES       AND
                                                                          JUDGMENTS

     Imbalan kerja karyawan                                               Employee benefits

     Penentuan utang dan biaya pensiun dan liabilitas                     The determination of the Group’s obligations and
     imbalan kerja Grup bergantung pada pemilihan                         cost for pension and employee benefits liabilities is
     asumsi yang digunakan oleh aktuaris independen                       dependent on its selection of certain assumptions
     dalam menghitung jumlah-jumlah tersebut. Asumsi                      used by the independent actuaries in calculating
     tersebut termasuk antara lain, tingkat diskonto, tingkat             such amounts. Those assumptions include among
     kenaikan gaji tahunan, tingkat pengunduran diri                      others, discount rates, future annual salary
     karyawan tahunan, tingkat kecacatan, umur pensiun                    increases, annual employee turn-over rate, disability
     dan tingkat kematian. Hasil aktual yang berbeda dari                 rate, retirement age and mortality rate. Actual results
     asumsi yang ditetapkan Grup diakui segera pada                       that differ from the Group’s assumptions are
     laporan posisi keuangan konsolidasian dengan debit                   recognized immediately in the consolidated
     atau kredit ke saldo laba melalui penghasilan                        statement of financial position with a corresponding
     komprehensif lainnya dalam tahun terjadinya.                         debit or credit to retained earnings through other
     Sementara Grup berkeyakinan bahwa asumsi                             comprehensive income in the year in which they
     tersebut adalah wajar dan sesuai, perbedaan                          occur. While the Group believes that its assumptions
     signifikan pada hasil aktual atau perubahan signifikan               are reasonable and appropriate, significant
     dalam asumsi yang ditetapkan Grup dapat                              differences in the Group’s actual experiences or
     memengaruhi secara material liabilitas diestimasi atas               significant changes in the Group’s assumptions may
     pensiun dan imbalan kerja dan beban imbalan kerja                    materially affect its estimated liabilities for pension
     neto. Penjelasan lebih rinci diungkapkan dalam                       and employee benefits and net employee benefits
     Catatan 37.                                                          expense. Further details are disclosed in Note 37.

     Penyusutan aset tetap dan properti investasi                         Depreciation   of   fixed   assets   and   investment
                                                                          properties

     Biaya perolehan aset tetap disusutkan dengan                         The costs of fixed assets are depreciated on a
     menggunakan metode garis lurus berdasarkan                           straight-line basis over their estimated useful life.
     taksiran masa manfaat ekonomisnya. Manajemen                         Management estimated the useful life of these fixed
     mengestimasi masa manfaat ekonomis aset tetap                        assets to be within 3 to 50 years, wherein the costs
     antara 3 sampai dengan 50 tahun, sedangkan biaya                     of buildings under build, operate and transfer
     perolehan atas bangunan dalam rangka bangun,                         arrangements are depreciated using the straight-line
     kelola dan alih disusutkan dengan menggunakan                        method over the term of the build, operate and
     metode garis lurus selama jangka waktu perjanjian                    transfer arrangements within 20 to 30 years based
     bangun, kelola dan alih antara 20 sampai dengan 30                   on the operate and transfer agreements. These are
     tahun. Ini adalah umur yang secara umum diharapkan                   common life expectancies adopted in the industries
     dalam industri di mana Grup menjalankan bisnisnya.                   where the Group conducts their businesses.
     Perubahan tingkat pemakaian dan perkembangan                         Changes in the expected level of usage and
     teknologi dapat memengaruhi masa manfaat                             technological development could impact the
     ekonomis dan nilai sisa aset, dan karenanya biaya                    economic useful life and the residual values of these
     penyusutan masa depan mungkin direvisi. Penjelasan                   assets, and therefore future depreciation charges
     lebih rinci diungkapkan dalam Catatan 16.                            could be revised. Further details are disclosed in
                                                                          Note 16.

     Biaya perolehan properti investasi disusutkan dengan                 The costs of investment properties are depreciated
     menggunakan metode garis lurus berdasarkan                           on a straight-line basis over their estimated useful
     taksiran masa manfaat ekonomisnya. Manajemen                         life. Management estimated the useful life of these
     mengestimasi masa manfaat ekonomis properti                          investment properties to be within 20 to 50 years.
     investasi antara 20 sampai dengan 50 tahun. Ini                      These are common life expectancies applied in the
     adalah umur yang secara umum diharapkan dalam                        industries where the Group conducts their
     industri di mana Grup menjalankan bisnisnya.                         businesses. Changes in the expected level of usage
     Perubahan tingkat pemakaian dan perkembangan                         and technological development could impact the
     teknologi dapat memengaruhi masa manfaat                             economic useful lives and the residual values of
     ekonomis dan nilai sisa aset, dan karenanya biaya                    these assets, and therefore future depreciation
     penyusutan masa depan mungkin direvisi. Penjelasan                   charges could be revised. Further details are
     lebih rinci diungkapkan dalam Catatan 15.                            disclosed in Note 15.




                                                                49
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PT BAKRIELAND DEVELOPMENT Tbk                                      PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                   AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                      FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                     FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                          DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                 (Expressed in millions of Rupiah, unless otherwise
lain)                                                              stated)

4.   ESTIMASI DAN PERTIMBANGAN YANG PENTING                        4.   CRITICAL ACCOUNTING              ESTIMATES        AND
                                                                        JUDGMENTS

     Menentukan nilai wajar dan perhitungan biaya                       Determining fair value and calculation of cost
     perolehan diamortisasi dari instrumen keuangan                     amortization of financial instruments

     Grup mencatat aset dan liabilitas keuangan tertentu                The Group records certain financial assets and
     pada nilai wajar dan pada biaya perolehan                          liabilities at fair values and at amortized costs, which
     diamortisasi, yang mengharuskan penggunaan                         require the use of accounting estimates. While
     estimasi akuntansi. Sementara komponen signifikan                  significant components of fair value measurement
     atas pengukuran nilai wajar dan asumsi yang                        and assumptions used in the calculation of cost
     digunakan dalam perhitungan biaya perolehan                        amortization are determined using verifiable
     diamortisasi ditentukan menggunakan bukti objektif                 objective evidence, the fair value or amortization
     yang dapat diverifikasi, jumlah nilai wajar atau                   amount would differ if the Group utilized different
     amortisasi dapat berbeda bila Grup menggunakan                     valuation methodologies or assumptions. Such
     metodologi-metodologi penilaian atau asumsi yang                   changes would directly affect the Group’s profit or
     berbeda. Perubahan tersebut dapat memengaruhi                      loss. Further details are disclosed in Note 45.
     secara langsung laba rugi Grup. Penjelasan lebih rinci
     diungkapkan dalam Catatan 45.

     Pajak penghasilan                                                  Income tax

     Pertimbangan signifikan dilakukan dalam menentukan                 Significant judgment is involved in determining the
     provisi atas pajak penghasilan badan. Terdapat                     provision for corporate income tax. There are certain
     transaksi dan perhitungan tertentu yang penentuan                  transactions and computation for which the ultimate
     pajak akhirnya adalah tidak pasti sepanjang kegiatan               tax determination is uncertain during the ordinary
     usaha normal. Grup mengakui liabilitas atas pajak                  course of business. The Group recognizes liabilities
     penghasilan badan berdasarkan estimasi apakah                      for expected corporate income tax issues based on
     akan terdapat tambahan pajak penghasilan badan.                    estimates of whether additional corporate income
                                                                        tax will be due.

     Aset pajak tangguhan                                               Deferred tax assets

     Aset pajak tangguhan diakui atas seluruh rugi fiskal               Deferred tax assets are recognized for all unused
     yang      belum    digunakan    sepanjang     besar                tax losses to the extent that it is probable that
     kemungkinannya bahwa penghasilan kena pajak                        taxable profit will be available against which the
     akan tersedia sehingga rugi fiskal tersebut dapat                  losses can be utilized. Significant management
     digunakan. Estimasi signifikan oleh manajemen                      estimates are required to determine the amount of
     disyaratkan dalam menentukan jumlah aset pajak                     deferred tax assets that can be recognized, based
     tangguhan yang dapat diakui, berdasarkan saat                      upon the likely timing and the level of future taxable
     penggunaan dan tingkat penghasilan kena pajak dan                  profits together with future tax planning strategies.
     strategi perencanaan pajak masa depan.




                                                              50
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PT BAKRIELAND DEVELOPMENT Tbk                                       PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                    AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                       FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                      FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                           DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                  (Expressed in millions of Rupiah, unless otherwise
lain)                                                               stated)

4.   ESTIMASI DAN PERTIMBANGAN YANG PENTING                         4.   CRITICAL ACCOUNTING              ESTIMATES        AND
                                                                         JUDGMENTS

     Penurunan nilai aset nonkeuangan                                    Impairment of non-financial assets

     Penurunan nilai timbul saat nilai tercatat aset atau                An impairment exists when the carrying value of an
     Unit Penghasil Kas (CGU) melebihi jumlah                            asset or Cash Generating Unit (CGU) exceeds its
     terpulihkan, yang lebih besar antara nilai wajar                    recoverable amount, which is the higher of its fair
     dikurangi biaya untuk menjual dan nilai pakainya.                   value less costs to sell and its value in use. The fair
     Nilai wajar dikurangi biaya untuk menjual didasarkan                value less costs to sell calculation is based on
     pada ketersediaan data dari perjanjian penjualan                    available data from binding sales transactions in an
     yang mengikat yang dibuat dalam transaksi normal                    arm’s length transaction of similar assets or
     atas aset serupa atau harga pasar yang dapat diamati                observable market prices less incremental costs for
     dikurangi dengan biaya tambahan yang dapat                          disposing of the asset. The value in use calculation
     diatribusikan dengan pelepasan aset. Perhitungan                    is based on a discounted cash flow model. The
     nilai pakai didasarkan pada model arus kas yang                     future cash flow projection is for a period of ten
     didiskontokan. Arus kas diproyeksikan untuk sepuluh                 years and does not include restructuring activities
     tahun ke depan dan tidak termasuk aktivitas                         that the Group is not yet committed to or significant
     restrukturisasi yang belum ada perikatannya atau                    future investments that will enhance the asset’s
     investasi signifikan di masa depan yang akan                        performance of the CGU being tested. The
     meningkatkan kinerja dari CGU yang diuji. Jumlah                    recoverable amount is most sensitive to the discount
     terpulihkan paling sensitif terhadap tingkat diskonto               rate used for the discounted cash flow model as well
     yang digunakan untuk model arus kas yang                            as the expected future cash inflows and the growth
     didiskontokan seperti halnya dengan arus kas masuk                  rate used for extrapolation purposes.
     masa depan yang diharapkan dan tingkat
     pertumbuhan      yang    digunakan     untuk   tujuan
     ekstrapolasi.

     Ketidakpastian kewajiban perpajakan                                 Uncertainty of tax liabilities

     Dalam situasi tertentu, Grup tidak dapat menentukan                 In certain circumstances, the Group may not be able
     secara pasti jumlah liabilitas pajak mereka pada saat               to determine the exact amount of their current or
     ini atau masa depan karena proses pemeriksaan,                      future tax liabilities due to ongoing investigations by,
     atau     validasi   dengan      otoritas  perpajakan.               or negotiations with, the taxation authority.
     Ketidakpastian timbul terkait dengan interpretasi dari              Uncertainties exist with respect to the interpretation
     peraturan perpajakan yang kompleks dan jumlah                       of complex tax regulations and the amount and
     serta waktu dari penghasilan kena pajak di masa                     timing of future taxable income. In determining the
     depan. Dalam menentukan jumlah yang harus diakui                    amount to be recognized in respect of an uncertain
     terkait dengan liabilitas pajak yang tidak pasti, Grup              tax liability, the Group applies similar considerations
     menerapkan pertimbangan yang sama yang akan                         as they would use in determining the amount of a
     mereka gunakan dalam menentukan jumlah                              provision to be recognized in accordance with PSAK
     penyisihan yang harus diakui sesuai dengan PSAK                     No. 57, “Provisions, Contingent Liabilities and
     No. 57, “Provisi, Liabilitas Kontinjensi, dan Aset                  Contingent Assets”.
     Kontinjensi”.

     Grup membuat analisis untuk semua posisi pajak                      The Group makes an analysis of all tax positions
     terkait dengan pajak penghasilan untuk menentukan                   related to income taxes to determine if a tax liability
     jika terdapat liabilitas pajak yang harus diakui. Bunga             for unrecognized tax benefits should be recognized.
     dan denda untuk kekurangan pembayaran pajak                         Interest and penalties for the underpayment of
     penghasilan, jika ada, disajikan sebagai penghasilan                income tax, if any, are presented under other income
     (beban) lain-lain dalam laporan laba rugi dan                       (expenses) in the consolidated statement of profit or
     pendapatan komprehensif lain konsolidasian.                         loss and other comprehensive income.




                                                               51
Page 330
PT BAKRIELAND DEVELOPMENT Tbk                                    PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                 AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                    FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                   FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                        DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan               (Expressed in millions of Rupiah, unless otherwise
lain)                                                            stated)

5.   PENDIRIAN,  AKUISISI, DIVESTASI               DAN           5.   ESTABLISHMENT, ACQUISITION, DIVESTMENT
     PERUBAHAN STRUKTUR ENTITAS ANAK                                  AND RESTRUCTURING OF SUBSIDIARIES

     a. Pada tanggal 4 April 2022, Perusahaan                         a. On April 4, 2022, the Company’s converted its
        melakukan konversi atas piutangnya pada saham                    receivables in PT Surya Global Nusantara (SGN),
        di PT Surya Global Nusantara (SGN), Entitas                      a Subsidiary, amounting to Rp945.90 billion into
        Anak, sebesar Rp945,90 miliar menjadi                            share ownership in SGN totalling 945.900 shares,
        kepemilikan   saham     di    SGN    sebanyak                    thus the Company’s ownership in SGN became
        945.900 lembar saham, sehingga kepemilikan                       99.9999%.
        Perusahaan pada SGN menjadi 99,9999%.

     b. Berdasarkan Pernyataan Keputusan Sirkuler                     b. Based on the Circular Resolution Statement of
        Para Pemegang Saham Di Luar Rapat Umum                           Shareholders Outside the Extraordinary General
        Pemegang         Saham         Luar      Biasa                   Meeting of Shareholders of PT Mutiara Masyhur
        PT Mutiara Masyhur Sejahtera (MMS), Entitas                      Sejahtera (MMS), a Subsidiary, which was
        Anak, yang telah diaktakan dalam Akta Notaris                    notarized in Notarial Deed No. 8 of Raden Rita
        Raden Rita Diana Syarifah, S.H., M.Kn., No. 8                    Diana     Syarifah,    S.H.,   M.Kn.,    dated
        tanggal 29 Agustus 2022, para pemegang saham                     August 29, 2022, the shareholders approved the
        menyetujui     pengalihan      saham      milik                  transfer of MMS shares owned by PT Bakrie
        PT Bakrie Swasakti Utama, Entitas Anak dalam                     Swasakti Utama, a Subsidiary in MMS as
        MMS sebagai berikut:                                             follows:
        1) Perusahaan sebanyak 22.060 lembar saham,                      1) The Company has 22,060 sharesthus the
            sehingga kepemilikan Perusahaan pada MMS                          Company’s ownership in MMS became
            menjadi 2,92%.                                                    2.92%.
        2) BDM sebanyak 130.000 lembar saham,                            2) BDM has 130,000 shares, thus BDM’s
            sehingga kepemilikan BDM pada MMS                                 ownership in MMS became 17.20%.
            menjadi 17,20%.
        3) SP sebanyak 319.000 lembar saham,                               3)   SP has 319,000 shares, thus               SP’s
            sehingga kepemilikan SP pada MMS menjadi                            ownership in MMS became 42.20%.
            42,20%.

        Perubahan ini telah mendapat persetujuan                           This amendment was approved by the Ministry of
        dari   Menteri  Hukum   dan    Hak   Asasi                         Law and Human Rights of the Republic of
        Manusia Republik Indonesia dalam Surat                             Indonesia in its Decision Letter No. AHU-
        Keputusan No. AHU-AH.01.09-0054605 tanggal                         AH.01.09-0054605 dated September 14, 2022.
        14 September 2022.

     c. Berdasarkan     Akta    Notaris    No.    2  dari             c.   Based on Notarial Deed No. 2 of
        Elizabeth Karina Leonita, S.H., M.Kn., tanggal                     Elizabeth Karina Leonita, S.H., M.Kn., dated On
        1 Desember 2022, pemegang saham JLA                                December 1, 2022, the shareholders of JLA
        menyetujui:                                                        approved the following:
         1) PT Adiprotek Envirodunia (AE) sebagai                           1) PT Adiprotek Envirodunia (AE) as the new
              pemegang saham baru;                                               shareholder;
         2) Penerbitan saham Seri A sebanyak                                2) Issuance of 16,620,000,000 Series A
              16.620.000.000 dengan nilai nominal Rp100                          shares with a nominal value of Rp100 per
              per saham atau total senilai Rp1,662 miliar                        share or a total value of Rp1.662 billion and
              dan saham Seri B sebanyak 13.000.000.000                           13,000,000,000 Series B shares with a
              saham dengan nilai nominal Rp26 per                                nominal value of Rp26 per share or a total
              saham atau total senilai Rp338 miliar;                             value of Rp338 billion;
         3) Konversi uang muka setoran modal dalam                          3) Conversion of the down payment for capital
              JLA dari AE sebesar Rp251 miliar menjadi                           injection in the JLA from AE in the amount
              setoran modal dalam JLA atas nama AE;                              of Rp251 billion to be paid for capital in the
                                                                                 JLA on behalf of AE;
         4)   Pelepasan hak para pemegang saham untuk                       4) Relinquishment of the rights of the
              diberikan penawaran penempatan saham                               shareholders to be given an initial share
              lebih dahulu (pre-emptive right);dan                               placement offer (preemptive right); and
         5)   Pengeluaran saham dalam portepel berupa                       5) Issuance of shares in the portfolio in the
              saham Seri B sebanyak 9.653.846.153                                form of Series B shares totaling
              saham dengan nilai nominal seluruhnya                              9,653,846,153 shares with a total par value
              sebesar Rp251 miliar untuk diterbitkan                             of Rp251 billion to be issued to AE.
              kepada AE.


                                                            52
Page 331
PT BAKRIELAND DEVELOPMENT Tbk                                       PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                    AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                       FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                      FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                           DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                  (Expressed in millions of Rupiah, unless otherwise
lain)                                                               stated)

5.   PENDIRIAN,      AKUISISI, DIVESTASI             DAN            5.    ESTABLISHMENT, ACQUISITION, DIVESTMENT
     PERUBAHAN       STRUKTUR   ENTITAS             ANAK                  AND RESTRUCTURING OF SUBSIDIARIES
     (Lanjutan)                                                           (Continued)

       Setelah transaksi tersebut, kepemilikan GAP di                        After this transaction, the GAP’s ownership in
       JLA menurun dari semula 99,99% menjadi                                JLA decreased from 99.99% to 48.56%.
       48,56%, sehingga GAP tidak lagi memiliki                              Therefore the Group no longer has control over
       pengendalian     atas      JLA     dan    tidak                       JLA and does not consolidate JLA’s financial
       mengkonsolidasikan laporan keuangan JLA dalam                         statements within the Group’s consolidated
       laporan keuangan konsolidasian Grup.                                  financial statements.

       Sebagai dampak dari hilangnya pengendalian                            As a result of losing control of GAP over JLA,
       GAP atas JLA, GAP mengakui kerugian sebesar                           GAP recognized the loss amounting to
       Rp641,69 miliar, yang disajikan pada laporan laba                     Rp641.69 billion, which is presented in the
       rugi   dan    penghasilan     komprehensif    lain                    consolidated statement of profit or loss and other
       konsolidasian sebagai “Kerugian neto yang                             comprehensive income as “Net loss associated
       diasosiasikan dengan hilangnya pengendalian                           with the loss of control of a Subsidiary”.
       atas Entitas Anak”.

       Rincian perhitungan kerugian neto yang                                The net loss associated with the loss of control of
       diasosiasikan dengan hilangnya pengendalian                           a Subsidiary in 2022 is calculated as follows:
       atas Entitas Anak pada tahun 2022 adalah
       sebagai berikut:

        Nilai wajar investasi yang ditahan jumlah               115.074                         Fair value of retained investment
        tercatat kepentingan nonpengendali                           43               Carrying amount of non-controlling interest
        Total                                                   115.117                                                     Total
        Dikurangi:                                                                                                          Less:
           Aset neto JLA                                        (526.923)                                 Net assets of JLA
           Uang Muka setoran dari AE                             251.000          Advances for shares subcription from AE
           Tambahan modal disetor -                                                              Additional paid in capital -
               Pengampunan pajak JLA                               1.538                               tax amnesty JLA
           Penyesuaian nilai wajar tanggal akuisisi             (504.623)         Fair value adjustment at acquisition date
           Liabilitas pajak tangguhan                                                               Deferred tax liability on
               atas penyesuaian nilai wajar                         22.203                        fair value adjustment
        Kerugian neto yang diasosiasikan dengan                                                   Net loss associated with the
           hilangnya pengendalian Entitas Anak                  (641.688)                   loss of control of a Subsidiary



6.   KAS DAN SETARA KAS                                              6.   CASH AND CASH EQUIVALENTS

                                                    2023                   2022
     Kas                                                                                                         Cash on hand
     Rupiah                                            1.382                  1.026                                    Rupiah
     Kas di bank                                                                                               Cash in banks
        Dalam Rupiah                                                                                            In Rupiah
            PT Bank Rakyat Indonesia                                                         PT Bank Rakyat Indonesia
               (Persero) Tbk                          23.766                 29.872                  (Persero) Tbk
            PT Bank Mandiri                                                                           PT Bank Mandiri
               (Persero) Tbk                          17.087                 23.249                  (Persero) Tbk
            PT Bank Central Asia Tbk                   8.589                 12.097           PT Bank Central Asia Tbk
            PT Bank Negara Indonesia                                                         PT Bank Negara Indonesia
               (Persero) Tbk                           7.483                  3.676                  (Persero) Tbk
            PT Bank Tabungan                                                                       PT Bank Tabungan
               Negara (Persero) Tbk                    2.134                  1.124           Negara (Persero) Tbk
            PT Bank DKI Syariah                        1.423                  3.720               PT Bank DKI Syariah
            PT Bank Permata Tbk                        1.030                    103              PT Bank Permata Tbk


                                                               53
Page 332
PT BAKRIELAND DEVELOPMENT Tbk                                       PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                    AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                       FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                      FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                           DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                  (Expressed in millions of Rupiah, unless otherwise
lain)                                                               stated)

6.   KAS DAN SETARA KAS (Lanjutan)                                   6.   CASH AND CASH EQUIVALENTS (Continued)

                                                  2023                     2022
             PT Bank CIMB Niaga Tbk                  993                     2.989           PT Bank CIMB Niaga Tbk
             Lain-lain (masing-masing                                                             Others (each below
                 di bawah Rp1 miliar)               1.191                     2.998                 of Rp1 billion)
             Subtotal                              63.696                   79.828                             Subtotal
         Dalam Dolar Amerika Serikat                                                                        In US Dollar
            PT Bank Rakyat Indonesia                                                        PT Bank Rakyat Indonesia
                (Persero) Tbk                           400                      324                (Persero) Tbk
            Lain-lain (masing-masing                                                              Others (each below
                di bawah Rp100 juta)                    382                      199             of Rp100 million)
             Subtotal                                   782                      523                           Subtotal
         Dalam Dolar Singapura                                                                    In Singapore Dollar
            OCBC Bank Ltd., Singapura                      -                     159      OCBC Bank Ltd., Singapore
         Total kas di bank                         64.478                   80.510                      Total cash in banks
     Setara Kas                                                                                          Cash Equivalents
     Deposito berjangka                                                                                      Time deposits
        Dalam Rupiah                                                                                          In Rupiah
            PT Bank Rakyat Indonesia                                                       PT Bank Rakyat Indonesia
                (Persero) Tbk                      31.200                   20.000                 (Persero) Tbk
            PT Bank KB Bukopin                                                                  PT Bank KB Bukopin
                Syariah                            15.000                          -                     Syariah
            PT Bank Tabungan                                                                     PT Bank Tabungan
                Negara (Persero) Tbk               10.000                          -        Negara (Persero) Tbk
            PT Bank Permata Tbk                    10.000                          -           PT Bank Permata Tbk
            PT Bank Mandiri                                                                         PT Bank Mandiri
               (Persero) Tbk                        1.700                   46.600                 (Persero) Tbk
         Total deposito berjangka                  67.900                   66.600                      Total time deposits
     Total                                        133.760                  148.136                                        Total


     Pada tanggal 31 Desember 2023 dan 2022, kisaran                      As of December 31, 2023 and 2022, the range of
     tingkat suku bunga tahunan untuk deposito berjangka                  annual interest rates for time deposits in Rupiah is
     dalam Rupiah adalah masing-masing antara 3,26%                       between 3.26% to 6% and 1.80% to 4.50%,
     sampai dengan 6% dan 1,80% sampai dengan                             respectively.
     4,50%.

     Semua kas di bank ditempatkan pada bank pihak                        All cash in banks is placed with third partiy banks.
     ketiga.


7.   PIUTANG USAHA                                                  7.    TRADE RECEIVABLES

                                                 2023                     2022
     Pihak ketiga                                                                                                  Third parties
        Penyewaan dan pengelolaan                                                              Tenants and management
            ruang perkantoran                    185.139                   143.005                     of office spaces
        Penjualan tanah, rumah                                                               Sales of land, residential and
            dan apartemen                        102.015                   102.740                            apartment
        Penyewa ruang, lapangan                                                                   Tenants of room, courts
            dan iuran keanggotaan                 30.819                    32.566              and membership fees
        Penyewa ruang                                                                                     Tenants of units
            apartemen                             25.303                    25.438                        of apartment


                                                               54
Page 333
PT BAKRIELAND DEVELOPMENT Tbk                                   PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                  FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                       DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan              (Expressed in millions of Rupiah, unless otherwise
lain)                                                           stated)

7.   PIUTANG USAHA (Lanjutan)                                   7.   TRADE RECEIVABLES (Continued)

                                                 2023                2022

         Hotel                                    21.346               20.721                                  Hotel
         Penjualan unit perkantoran               16.633               15.355                    Sales of office unit
         Total pihak ketiga                      381.255              339.825                    Total third parties
         Dikurangi cadangan kerugian                                                 Less allowance for impairment
            penurunan nilai                       99.857              118.895                            losses
     Pihak ketiga - neto                         281.398              220.930                        Third parties - net

     Pihak berelasi (Catatan 38a)                                                           Related parties (Note 38a)
        Penyewaan dan pengelolaan                                                       Tenants and management
            ruang perkantoran                    107.542              108.077                   of office spaces
        Penjualan tanah, rumah                                                        Sales of land, residential and
            dan apartemen                         17.508               31.142                          apartment
        Penjualan unit perkantoran                 5.883                5.883                    Sales of office unit
        Penyewa ruang, lapangan dan                                                        Tenants of room, courts
            iuran keanggotaan                      3.775                3.810            and membership fees
     Total pihak berelasi                        134.708              148.912                      Total related parties
     Dikurangi cadangan kerugian                                                        Less allowance for impairment
        penurunan nilai                           82.742               56.424                                 loss
     Pihak berelasi - neto                        51.966               92.488                      Related parties - net
     Total                                       333.364              313.418                                      Total


     Seluruh piutang usaha Grup dalam denominasi mata                All trade receivables of the Group are denominated
     uang Rupiah.                                                    in Rupiah currency.

     Pada tanggal 31 Desember 2023 dan 2022,                         As of December 31, 2023 and 2022 trade
     piutang usaha PT Graha Multi Insani dan                         receivables of PT Graha Multi Insani and
     PT Bumi Daya Makmur, Entitas Anak digunakan                     PT Bumi Daya Makmur, Subsidiaries were pledged
     sebagai jaminan atas pinjaman yang diperoleh dari               as collateral for a loan obtained from
     PT Bank    Tabungan     Negara   (Persero)   Tbk                PT Bank Tabungan Negara (Persero) Tbk
     (Catatan 27a).                                                  (Note 27a).

     Pada      tanggal     31      Desember        2023,             As of December 31, 2023 trade receivables of
     piutang usaha PT Provices Indonesia, Entitas Anak,              PT Provices Indonesia, a Subsidiary, were pledged
     digunakan sebagai jaminan atas fasilitas pembiayaan             as collateral for a facility obtained from
     yang diperoleh dari PT Alami Fintek Sharia                      PT Alami Fintek Sharia (Note 20c).
     (Catatan 20c).

     Pada tahun 2023 dan 2022, PT Graha Andrasentra                  In 2023 and 2022 PT Graha Andrasentra
     Propertindo Tbk dan PT Mutiara Masyhur Sejahtera,               Propertindo Tbk and PT Mutiara Mahsyur Sejahtera,
     Entitas Anak, melakukan pembatalan atas penjualan               Subsidiaries, were conducting cancellation of unit
     unit kepada pelanggan dan mencatat kerugian atas                sales to customers and recorded losses on
     pembatalan     tersebut   masing-masing  sebesar                cancellations amounting to Rp3.35 billion and
     Rp3,35 miliar dan Rp31,10 miliar pada akun “Rugi                Rp31.10 billion, respectively, under “Loss on Unit
     atas Pembatalan Penjualan Unit Apartemen dan                    Cancellation of Sales of Apartments and
     Rumah” dalam laporan laba rugi dan penghasilan                  Residences” account in the consolidated statement
     komprehensif lain konsolidasian.                                of profit and loss and other comprehensive income.




                                                           55
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PT BAKRIELAND DEVELOPMENT Tbk                                   PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                  FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                       DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan              (Expressed in millions of Rupiah, unless otherwise
lain)                                                           stated)

7.   PIUTANG USAHA (Lanjutan)                                   7.   TRADE RECEIVABLES (Continued)

     Rincian piutang usaha berdasarkan umur piutang                  The summary of aging schedule of trade receivables
     adalah sebagai berikut:                                         is as follows:

                                                  2023               2022
     Sampai dengan 60 hari                         39.141              41.974                              Up to 60 days
     61 hari sampai 90 hari                        11.056               6.463                         61 days to 90 days
     Lebih dari 90 hari                           465.766             440.300                         More than 90 days
     Total                                        515.963             488.737                                      Total
     Dikurangi cadangan kerugian                                                                     Less allowance for
        penurunan nilai                           182.599             175.319                      impairment losses
     Neto                                         333.364             313.418                                         Net


     Mutasi atas cadangan penurunan nilai piutang usaha              The changes in the allowance for impairment losses
     adalah sebagai berikut:                                         of trade receivables are as follows:

                                                  2023               2022
     Saldo awal tahun                             175.319             181.939             Beginning balance of the year
     Penambahan penyisihan                                                                         Addition of provision
        (Catatan 34b)                              12.098               9.169                            (Note 34b)
     Pemulihan penyisihan                                                                          Reversal of provision
        (Catatan 36)                                (4.639)           (14.410)                             (Note 36)
     Reklasifikasi                                    (179)                (1)                          Reclassification
     Dekonsolidasi Entitas Anak                          -             (1.378)           Deconsolidation of a Subsidiary
     Saldo akhir tahun                            182.599             175.319               Ending balance of the year


     Grup menerapkan simplifikasi kerugian ekspektasian              The Group applies simplified lifetime expected credit
     sepanjang umurnya untuk piutang usaha. Untuk                    loss for trade receivables. To measure the expected
     mengukur kerugian kredit ekspektasian, piutang                  credit losses, trade receivables have been grouped
     usaha telah dikelompokkan berdasarkan karakteristik             based on similar credit risk characteristics and days
     risiko kredit dan waktu jatuh tempo yang serupa.                past due.


     Seluruh piutang usaha Grup dalam denominasi mata                All of the Group’s trade receivables              are
     uang Rupiah                                                     denominated in Rupiah currency.

     Manajemen Grup berkeyakinan bahwa cadangan                      The Group’s management believes that the
     kerugian penurunan nilai piutang telah memadai                  allowance for impairment losses of receivables is
     untuk menutup kerugian kredit ekspektasian                      adequate to cover expected credit losses based on
     berdasarkan hasil penelaahan atas piutang pada                  the review of the status of the receivables at the end
     akhir tahun.                                                    of the year.




                                                           56
Page 335
PT BAKRIELAND DEVELOPMENT Tbk                                  PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                               AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                  FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                 FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                      DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan             (Expressed in millions of Rupiah, unless otherwise
lain)                                                          stated)

8.   PIUTANG LAIN-LAIN                                         8.   OTHER RECEIVABLES

     a. Piutang lain-lain Jangka Pendek                             a. Short-term Other Receivables

                                                  2023               2022
        Pihak ketiga                                                                                         Third parties
           PT Gili Tirta Anugerah                 787.794             787.794                 PT Gili Tirta Anugerah
           PT First Financo                        13.145              16.779                      PT First Financo
           PT Brawijaya Agung                                                                  PT Brawijaya Agung
               Lestari                              11.040             11.040                              Lestari
           PT DMS Investama                          6.053              8.053                   PT DMS Investama
           PT Andika Multi Karya                     5.569              5.569                 PT Andika Multi Karya
           Lain-lain (masing-masing                                                             Others (each below
               di bawah Rp5 miliar)                 15.686             13.248                     of Rp5 billion)
        Total pihak ketiga                         839.287            842.483                          Total third parties
        Dikurangi cadangan
           kerugian penurunan                                                                        Less allowance for
           nilai                                     9.573              8.169                     impairment losses
        Pihak ketiga - neto                       829.714             834.314                          Third parties - net

        Pihak berelasi (Catatan 38b)                                                          Related party (Note 38b)
           PT Petrocom Nuansa                                                                 PT Petrocom Nuansa
               Nusantara                             2.673              2.673                        Nusantara
        Total pihak berelasi                         2.673              2.673                         Total related party
        Dikurangi cadangan
           kerugian penurunan                                                                        Less allowance for
           nilai                                     2.673              2.673                     impairment losses
        Pihak berelasi - neto                             -                    -                      Related party - net

        Total                                     829.714             834.314                                       Total


     b. Piutang Lain-lain Jangka Panjang                            b. Long-term Other Receivables

                                                  2023               2022

        Pihak ketiga                                                                                     Third parties
           PT Graha Istana Nirwana                 88.180             98.102             PT Graha Istana Nirwana
           PT Halo Wisata Indonesia                 3.958              4.331            PT Halo Wisata Indonesia
           PT Excel Properti Manajemen              3.298              2.591         PT Excel Properti Manajemen
           Lain-lain (masing-masing                                                           Others (each below
               di bawah Rp2 miliar)                 2.380              2.798                    of Rp2 billion)
        Total pihak ketiga                         97.816            107.822                          Total third parties
        Dikurangi cadangan
           kerugian penurunan                                                                       Less allowance for
           nilai                                   15.351             16.405                     impairment losses
        Neto                                       82.465             91.417                                         Net


     Seluruh piutang lain-lain Grup dalam denominasi                All of the Group’s other receivables are denominated
     mata uang Rupiah.                                              in Rupiah currency.

     Mutasi penyisihan atas cadangan penurunan nilai                The changes in the allowance for impairment losses
     piutang lain-lain jangka pendek dan jangka panjang             of short-term and long-term other receivables are as
     adalah sebagai berikut:                                        follows:




                                                          57
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PT BAKRIELAND DEVELOPMENT Tbk                                              PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                           AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                              NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                              FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                             FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                                  DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                         (Expressed in millions of Rupiah, unless otherwise
lain)                                                                      stated)

8.   PIUTANG LAIN-LAIN (Lanjutan)                                          8.    OTHER RECEIVABLES (Continued)

                                                             2023                 2022
     Saldo awal tahun                                          27.247               30.158               Beginning balance of the year
     Penambahan penyisihan
        (Catatan 36)                                            1.893                5.999              Addition of provision (Note 36)
     Reklasifikasi                                                178                    -                             Reclassification
     Pemulihan penyisihan (Catatan 36)                         (1.721)              (8.910)            Recovery of provision (Note 36)
     Saldo akhir tahun                                         27.597               27.247                Ending balance of the year


     Piutang dari PT Gili Tirta Anugerah merupakan                               Receivables from PT Gili Tirta Anugerah are
     piutang atas pengalihan 480 juta saham milik                                receivables from the transfer of 480 million shares
     PT Graha Andrasentra Propertindo Tbk (GAP),                                 owned by PT Graha Andrasentra Propertindo Tbk
     Entitas Anak, dalam PT Bukit Jonggol Asri                                   (GAP), a Subsidiary, in PT Bukit Jonggol Asri
     (Catatan 43e).                                                              (Note 43e).

     Piutang dari PT First Financo merupakan piutang                             Receivables from PT First Financo are receivables
     atas pengalihan uang muka pembelian tanah                                   arising from the transfer of advances for the
     milik GAP (Catatan 43e).                                                    purchase of land owned by GAP (Note 43e).

     Piutang dari PT Brawijaya Agung Lestari dan                                 Receivables from PT Brawijaya Agung Lestari and
     PT Graha Istana Nirwana dan merupakan piutang                               PT Graha Istana Nirwana represented receivables
     atas pinjaman dana modal kerja (Catatan 43i dan                             from working capital borrowings (Notes 43i and 43j).
     43j).

     Manajemen Grup berkeyakinan bahwa cadangan                                  The Group’s management believes that the
     kerugian penurunan nilai piutang telah memadai                              allowance for impairment of receivables is adequate
     untuk menutup kerugian kredit ekspektasian                                  to cover expected credit losses based on the review
     berdasarkan hasil penelaahan atas piutang pada                              of the status of the receivables at the end of the
     akhir tahun.                                                                year.


9.   PERSEDIAAN                                                            9.    INVENTORIES

                                                          2023                  2022
     Rumah, apartemen dan                                                                                         Residential houses,
        ruang perkantoran                                                                              apartment and office space
        dalam penyelesaian:                                                                                   under construction:
        Bangunan*                                          260.733              178.831                                  Building*
        Tanah                                               53.992              172.583                                      Land
     Tanah untuk dijual                                     42.753                8.482                            Land held for sale
     Bangunan siap untuk dijual:                                                                              Building ready-for-sale:
        Apartemen                                          545.084              554.691                                Apartment
        Rumah                                               94.518              318.810                        Residential house
        Ruang perkantoran                                   21.450               21.450                              Office space
     Hotel:                                                                                                                     Hotel:
        Perlengkapan dan suku cadang                        17.285               10.575                Equipment and spare parts
        Makanan dan minuman                                  1.842                1.908                      Food and beverages
     Total                                               1.037.657           1.267.330                                          Total
     Dikurangi cadangan kerugian
        penurunan nilai                                         791               4.099            Less allowance for decline in value
     Neto                                                1.036.866           1.263.231                                            Net

     *Nilai bangunan dalam penyelesaian merupakan nilai bangunan tersendiri tanpa nilai tanah /
      Value of building under construction represents value of building only without value of land .




                                                                      58
Page 337
PT BAKRIELAND DEVELOPMENT Tbk                                       PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                    AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                       FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                      FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                           DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                  (Expressed in millions of Rupiah, unless otherwise
lain)                                                               stated)

9.   PERSEDIAAN (Lanjutan)                                          9.   INVENTORIES (Continued)

     Persediaan rumah, apartemen dan ruang perkantoran                   Inventories of residential, apartment and office
     dalam penyelesaian pada tanggal 31 Desember 2023                    spaces under construction as of December 31, 2023
     dan 2022 terutama dari PT Mutiara Masyhur                           and 2022, mainly consisted of PT Mutiara Masyhur
     Sejahtera (MMS), Entitas Anak, atas proyek                          Sejahtera (MMS), a Subsidiary, for the Kahuripan
     Kahuripan Nirwana yang berlokasi di Sidoarjo dan PT                 Nirwana project located in Sidoarjo and PT Graha
     Graha Multi Insani (GMI), Entitas Anak, atas proyek                 Multi Insani (GMI), a Subsidiary, for the Hadiningrat
     Hadiningrat yang berlokasi di Yogyakarta. Proyek ini                project located in Yogyakarta. This project under the
     dengan nama “Hadiningrat Terrace” sudah terikat                     name “Hadiningrat Terrace” is bound by the Sale
     dengan Perjanjian Pengikatan Jual Beli (PPJB) Tanah                 and Purchase Agreement (SPA) of Land and
     serta proyek Hadiningrat antara GMI dan YPP pada                    Hadiningrat ‘s project between GMI and PT Yasa
     tanggal 25 September 2020. Pada tanggal 17 Juni                     Patria Perkasa (YPP) on September 25, 2020. On
     2022, GMI dan YPP menandatangani Adendum PPJB                       June 17, 2022, GMI and YPP signed the PPJB
     (Catatan 43k).                                                      Addendum (Note 43k).

     Bangunan siap dijual berupa apartemen merupakan                     Building ready-for-sale of apartments represent the
     sisa unit dari proyek Apartemen Taman Rasuna dan                    remaining units of Taman Rasuna Apartments and
     the Grove milik BSU, proyek Ocea Condotel milik                     the Grove owned by BSU, units of Ocea Condotel
     BDM dan Aston Condotel milik GAP. Bangunan siap                     owned by BDM and Aston Condotel owned by GAP.
     dijual berupa rumah terdiri dari rumah tinggal dan                  Building ready-for-sale of residential and shop
     rumah toko terutama dari sisa unit proyek Kahuripan                 houses mainly represent the remaining units of
     Nirwana milik MMS. Bangunan siap dijual berupa                      Kahuripan Nirwana projects owned by MMS and
     ruang perkantoran terutama merupakan sisa unit dari                 Mutiara Platinum owned by BPL. Building ready-for-
     proyek Bakrie Tower dan Lifestyle and Entertainment                 sale of office space mainly represents the remaining
     Center milik BSU.                                                   of Bakrie Tower and Lifestyle and Entertainment
                                                                         Center projects owned by BSU.

     Pada tanggal 31 Desember 2023 dan 2022,                             As of December 31, 2023 and 2022, the
     reklasifikasi persediaan yang meliputi reklasifikasi ke             reclassification of inventories which includes
     dan dari akun aset lainnya, seperti aset tetap, uang                reclassifications to and from other asset accounts,
     muka      pembelian    tanah,  dan      tanah     untuk             such as fixed assets, advance for purchase of land,
     pengembangan, dikarenakan adanya perubahan                          and land for development, are due to changes in
     intensi manajemen atas penggunaan aset-aset                         management’s intention on the use of these assets.
     tersebut.

     Pada tahun 2022, penambahan persediaan termasuk                     In 2022, addition of inventories including
     di dalamnya reklasifikasi dari aset tetap milik GAP,                reclassification from fixed assets owned by GAP,
     Entitas Anak sebesar Rp1,43 miliar (Catatan 16).                    a Subsidiary, amounted to Rp1.43 billion (Note 16).

     Pada tahun 2023 dan 2022, GAP dan MMS, Entitas                      In 2023 and 2022 GAP and MMS, Subsidiaries,
     Anak melakukan pembatalan atas penjualan unit                       conducted their cancellation of unit sales to
     kepada pelanggan dan mencatat kerugian atas                         customers and recorded losses upon cancellation
     pembatalan tersebut masing - masing sebesar                         amounting to Rp3.35 billion and Rp31.10 billion,
     Rp3,35 miliar dan Rp31,10 miliar pada akun “Rugi                    respectively, on “Loss on Unit Cancellation of Sales
     atas Pembatalan Penjualan Unit Rumah dan                            of Residential and Apartment” accounts in the
     Apartemen” dalam laporan laba rugi dan penghasilan                  consolidated statement of profit and loss and other
     komprehensif lain konsolidasian.                                    comprehensive income.

     Manajemen Grup mengasuransikan bangunan siap                        The Group’s Management insured the ready-for-sale
     untuk dijual terhadap risiko bencana alam dan risiko                buildings against the risks of natural disasters and
     lainnya kepada beberapa perusahaan asuransi pihak                   other risks with several third-party insurance
     ketiga, berdasarkan suatu paket polis dengan jumlah                 companies, based on a policy package with a total
     nilai pertanggungan keseluruhan masing-masing                       coverage      amount    of    Rp2.65    trillion and
     sebesar Rp2,65 triliun dan Rp1,02 triliun pada tanggal              Rp1.02 trillion as of December 31, 2023 and 2022,
     31 Desember 2023 dan 2022. Manajemen Grup                           respectively. The Group’s Management is confident
     berkeyakinan bahwa nilai pertanggungan tersebut                     that the sums insured were sufficient to cover
     adalah cukup untuk menutup kemungkinan kerugian                     possible losses on the insured assets. As of
     atas aset yang dipertanggungkan. Pada tanggal                       December 31, 2023, and 2022 the inventory of
     31 Desember 2023 dan 2022, persediaan beberapa                      certain Subsidiaries are not insured.
     Entitas Anak tertentu tidak diasuransikan.


                                                               59
Page 338
PT BAKRIELAND DEVELOPMENT Tbk                                   PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                  FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                       DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan              (Expressed in millions of Rupiah, unless otherwise
lain)                                                           stated)

9.   PERSEDIAAN (Lanjutan)                                      9.   INVENTORIES (Continued)

     Mutasi  penyisihan      atas   cadangan    kerugian             The changes in the allowance for decline in value of
     penurunan nilai persediaan adalah sebagai berikut:              inventories are as follows:

                                                  2023               2022
     Saldo awal tahun                               4.099               3.687                Beginning balance of the year
     Penambahan penyisihan                                                                           Additions of provision
        (Catatan 36)                              194.455                 412                                (Note 36)
     Penghapusan penyisihan                      (194.455)                  -                       Write-off of provisions
     Pemulihan penyisihan                                                                           Reversal of provisions
        (Catatan 36)                                (3.308)                   -                              (Note 36)
     Saldo akhir tahun                                791               4.099                 Ending balance of the year


     Manajemen Grup berkeyakinan bahwa penyisihan                    The Group’s management believes that the
     kerugian penurunan nilai tersebut cukup untuk                   provision for decline in value of inventories is
     menutup kemungkinan kerugian yang timbul.                       adequate to cover possible losses.

     Tidak terdapat bunga pinjaman yang dikapitalisasi               There is no loan interest capitalized to inventories in
     pada persediaan pada tahun 2023 dan 2022.                       2023 and 2022.

     Pada tanggal 31 Desember 2023 dan 2022,                         As of December 31, 2023 and 2022 inventories of
     persediaan BSU, GAP, GMI dan BDM dijadikan                      BSU, GAP, GMI,and BDM are pledged as collateral
     jaminan untuk pinjaman yang diperoleh dari                      for bank loans obtained from PT Bank Mayapada
     PT Bank Mayapada Internasional Tbk (Catatan 19a),               Internasional Tbk (Note 19a), PT Bank Tabungan
     PT Bank Tabungan Negara (Persero) Tbk dan                       Negara (Persero) Tbk and PT Bank KB Bukopin Tbk
     PT Bank KB Bukopin Tbk (Catatan 27a dan 27b) dan                (Notes 27a and 27b) and PT Bank KB Syariah
     PT Bank KB Syariah Bukopin (Catatan 28a).                       Bukopin (Note 28a).


10. BEBAN DIBAYAR DIMUKA DAN UANG MUKA                          10. PREPAID EXPENSES AND ADVANCES

                                                  2023               2022
     Uang muka proyek                              57.248              85.937                      Advances for project
     Uang muka karyawan                             8.558               2.128                 Advances for employees
     Uang muka pembelian aset                       6.195                 466          Advances for purchases of assets
     Asuransi dibayar di muka                       5.339               4.659                         Prepaid insurance
     Lain-lain (masing-masing                                                                       Others (each below
         di bawah Rp2 miliar)                      19.974              15.257                         of Rp2 billion)
     Total                                         97.314             108.447                                        Total


     Pada tanggal 31 Desember 2023 and 2022, uang                    As of December 31, 2023 and 2022, advances for
     muka proyek terutama merupakan uang muka                        projects mainly represents advances of landed
     pengembangan        rumah     tapak   masing-masing             housing development amounting to Rp40.49 billion
     sebesar Rp40,49 miliar dan Rp58,25 miliar milik                 and Rp58.25 billion, respectively, owned by
     PT Mutiara Masyhur Sejahtera (MMS), Entitas Anak,               PT Mutiara Masyhur Sejahtera (MMS), a Subsidiary,
     yang berlokasi di Sidoarjo, Jawa Timur.                         located in Sidoarjo, East Java.




                                                           60
Page 339
PT BAKRIELAND DEVELOPMENT Tbk                                 PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                              AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                 NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                 FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                     DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan            (Expressed in millions of Rupiah, unless otherwise
lain)                                                         stated)

11. DANA DALAM PEMBATASAN                                     11. RESTRICTED FUNDS

                                               2023                2022
    Dalam Rupiah:                                                                                         In Rupiah:
       PT Bank Negara Indonesia                                                       PT Bank Negara Indonesia
           (Persero) Tbk                         20.814              21.868                   (Persero) Tbk
       PT Bank KB Bukopin Tbk                    10.604              10.682            PT Bank KB Bukopin Tbk
       PT Bank Rakyat Indonesia                                                       PT Bank Rakyat Indonesia
           (Persero) Tbk                          4.271               4.407                   (Persero) Tbk
       PT Bank CIMB Niaga Tbk                     4.252               2.900            PT Bank CIMB Niaga Tbk
       PT Bank Maybank Indonesia Tbk              2.163               2.163      PT Bank Maybank Indonesia Tbk
       Lain-lain (masing-masing                                                             Others (each below
           di bawah Rp2 miliar)                   1.964               5.229                   of Rp2 billion)
       Subtotal                                  44.068              47.249                               Subtotal
    Dalam Dolar Amerika Serikat:                                                             In United States Dollar:
       PT Bank Rakyat Indonesia                                                        PT Bank Rakyat Indonesia
          (Persero) Tbk                          16.717              17.058                    (Persero) Tbk
    Total                                        60.785              64.307                                      Total


   Kisaran nisbah dan tingkat suku bunga tahunan untuk            The range of annual nisbah and interest rates of
   dana dalam pembatasan adalah sebagai berikut:                  restricted funds is as follows:

                                               2023                2022
                                           (Angka Penuh/       (Angka Penuh/
                                            Full Amount )       Full Amount )

    Rupiah                                3,00% - 4,25%        2,75% - 3,00%                                  Rupiah
    Dolar Amerika Serikat                 1,60% - 2,00%        0,15% - 1,40%                      United States Dollar


   Dana dalam pembatasan terutama merupakan dana                  Restricted funds mainly represent restricted funds on
   dalam pembatasan atas penjualan apartemen,                     the sales of apartments, condominiums and
   kondominium dan rumah melalui Kredit Kepemilikan               residences through the Apartment Loan Program
   Apartemen (KPA) dan Kredit Kepemilikan Rumah                   (KPA) and Housing Loan Program (KPR).
   (KPR).

   Dana dalam pembatasan pada PT Bank Rakyat                      Restricted funds in PT Bank Rakyat Indonesia
   Indonesia (Persero) Tbk (BRI) dalam Dolar Amerika              (Persero) Tbk (BRI) in United States Dollars
   Serikat   merupakan    dana    pembatasan   milik              represent restricted funds owned by the Company
   Perusahaan yang digunakan sebagai jaminan atas                 which are used as collateral for bank loans obtained
   pinjaman bank yang diperoleh BSU, Entitas Anak                 by BSU, a Subsidiary (Note 19c).
   (Catatan 19c).

   Dana dalam pembatasan pada PT Bank KB Bukopin                  Restricted funds in PT Bank KB Bukopin Tbk
   Tbk (Bukopin) terutama merupakan dana pembatasan               (Bukopin) mainly represents restricted funds owned
   milik Perusahaan sebesar Rp10,07 miliar pada                   by the Company amounting to Rp10.07 billion as of
   tanggal 31 Desember 2023 dan 2022, yang                        December 31, 2023 and 2022, which was used as
   digunakan sebagai jaminan atas pinjaman bank yang              collateral for a bank loan obtained by BSU, a
   diperoleh BSU, Entitas Anak (Catatan 19b).                     Subsidiary (Note 19b).




                                                         61
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PT BAKRIELAND DEVELOPMENT Tbk                                  PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                               AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                  FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                 FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                      DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan             (Expressed in millions of Rupiah, unless otherwise
lain)                                                          stated)

12. PENYERTAAN SAHAM PADA ENTITAS ASOSIASI                     12. INVESTMENT IN SHARES             OF    STOCK      IN
                                                                   ASSOCIATED ENTITIES

                                Persentase Kepemilikan/
                               Percentage of Ownership
                             Angka Penuh / Full Amount                  Nilai Tercatat/
                                 2023            2022                  Carrying Value
                                  (%)             (%)               2023               2022
    Investasi Entitas                                                                                   Investment in
       Asosiasi                                                                                         Associates
       PT Jungleland Asia         48,56%           48,56%             41.692            98.848    PT Jungleland Asia
       PT Lembu Nusantara                                                                        PT Lembu Nusantara
         Jaya                     51,00%           51,00%             17.064            17.064               Jaya
    Penyertaan dalam saham
      biasa yang tidak memiliki                                                                Investments in unquoted
         kuotasi pasar                                                                               ordinary shares
      PT Bakrie Nirwana                                                                            PT Bakrie Nirwana
         Semesta                  20,00%           20,00%            102.073           102.073            Semesta
      PT Jasa Sarana               3,52%            3,76%             33.245            33.245        PT Jasa Sarana

    Total                                                            194.074           251.230                    Total
    Dikurangi penyisihan                                                                             Less allowance for
      penurunan nilai                                                                                 impairment on
         atas investasi                                               17.064            17.064         investment
    Neto                                                             177.010           234.166                     Net


   PT Jungleland Asia                                              PT Jungleland Asia

   Berdasarkan Akta Notaris No. 2 oleh Elizabeth Karina            Based      on     Notarial  Deed     No.    2    of
   Leonita, S.H., M.Kn., tanggal 1 Desember 2022,                  Elizabeth Karina Leonita, S.H., M.Kn., dated
   pemegang saham PT Jungleland Asia (JLA)                         December 1, 2022, the shareholders of
   menyetujui untuk konversi uang muka setoran modal               PT Jungleland Asia (JLA) approved the conversion
   dari PT Adiprotek Envirodunia sebesar Rp251 miliar              of the advances for stock subscription from
   menjadi 9.653.846.153 saham Seri B JLA atau setara              PT      Adiprotek    Envirodunia   amounting     to
   dengan 51,44% kepemilikan saham JLA.                            Rp251 billion into 9,653,846,153 Series B shares of
                                                                   JLA or equivalent to a 51.44% ownership of shares
                                                                   in JLA.

   Setelah     transaksi    tersebut,     kepemilikan              After this transaction, PT Graha Andrasentra
   PT Graha Andrasentra Propertindo Tbk, (GAP) di JLA              Propertindo Tbk’s (GAP) ownership in JLA
   menurun dari semula 99,99% menjadi 48,56%,                      decreased from 99.99% to 48.56%. Therefore GAP
   sehingga GAP tidak lagi memiliki pengendalian atas              no longer has control over JLA and does not
   JLA dan tidak mengkonsolidasikan laporan keuangan               consolidate JLA’s financial statements in the
   JLA dalam laporan keuangan konsolidasian Grup.                  Group’s consolidated financial statements. The
   Sisa investasi yang dimiliki diukur kembali                     remaining investment retained is remeasured at fair
   menggunakan nilai wajar pada saat GAP kehilangan                value at the date the GAP lost control of JLA and
   pengendalian atas JLA dan selanjutnya dicatat                   subsequently recorded as investment in an
   sebagai investasi pada entitas asosiasi dengan                  associate under equity method.
   menggunakan metode ekuitas.




                                                          62
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PT BAKRIELAND DEVELOPMENT Tbk                                 PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                              AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                 NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                 FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                     DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan            (Expressed in millions of Rupiah, unless otherwise
lain)                                                         stated)

12. PENYERTAAN SAHAM PADA ENTITAS ASOSIASI                    12. INVESTMENT IN SHARES OF STOCK                     IN
    (Lanjutan)                                                    ASSOCIATED ENTITIES (Continued)

   PT Lembu Nusantara Jaya                                        PT Lembu Nusantara Jaya

   Berdasarkan Akta Notaris Paulus Oliver Yoesoef,                Based on Notarial Deed No. 421 of Paulus Oliver
   S.H., No. 421 tanggal 30 Desember 2014, GAP                    Yoesoef, S.H., dated December 30, 2014, GAP has
   memiliki kepemilikan di PT Lembu Nusantara Jaya                20.400     shares     or     51%     ownership     in
   (LNJ) sebanyak 20.400 saham atau 51%.                          PT Lembu Nusantara Jaya (LNJ). Based on the
   Berdasarkan kesepakatan bersama antara pemegang                agreement of shareholders, GAP doesn’t have
   saham, GAP tidak mengendalikan aspek keuangan                  control over the financial and operational aspects of
   dan operasional LNJ.                                           LNJ.

   Grup mencatat penyisihan penurunan nilai penuh atas            The Group provided full impairment allowance on its
   investasinya di LNJ terutama karena kerugian                   investment in LNJ mainly due to the recurring losses
   berulang yang terjadi pada tahun-tahun sebelumnya              incurred in previous years and the economic
   dan perlambatan ekonomi yang secara signifikan                 slowdown which significantly affected the operation
   memengaruhi operasi entitas asosiasi.                          of the associate.

   PT Bakrie Nirwana Semesta                                      PT Bakrie Nirwana Semesta

   Perusahaan melakukan divestasi kepemilikan saham               The Company divested 80% of the share ownership
   pada PT Bakrie Nirwana Semesta (BNS) sebesar                   in PT Bakrie Nirwana Semesta (BNS). Based on
   80%.      Berdasarkan     Akta   Notaris   Danny               Notarial Deed No. 2 of Danny Wahyu Setiawan,
   Wahyu Setiawan, S.H., M.Kn., No. 2 tanggal                     S.H., M.Kn., dated October 30, 2019, the
   30 Oktober 2019, Perusahaan memiliki kepemilikan               Company’s has 82,623 shares or equivalent to 20%
   saham sebanyak 82.623 saham atau setara 20% dari               of total ownership in BNS. Due to the change in
   total kepemilikan pada BNS. Atas perubahan                     ownership, the Company no longer has control over
   kepemilikan tersebut, Perusahaan sudah tidak lagi              BNS.
   memiliki pengendalian terhadap BNS.

   PT Jasa Sarana                                                 PT Jasa Sarana

   Berdasarkan Akta Notaris Edwar S.H., No. 15 tanggal            Based on Notarial Deed No. 15 of Edwar, S.H.,
   15 Agustus 2016, Perusahaan memiliki kepemilikan di            dated August 15, 2016, the Company has
   JS sebanyak 3.324.523 saham atau 3.76%.                        3,324,523 shares or 3.76 % ownership in JS.

   Berdasarkan Akta Notaris Hendra Carmana, S.T.,                 Based     on     Notarial   Deed       No.   5  of
   S.H., M.Kn., No. 5 tanggal 12 Januari 2023, para               Hendra Carmana, S.T., S.H., M.Kn., dated
   pemegang saham JS menyetujui peningkatan modal                 January 12, 2023, JS shareholders agreed to
   dasar JS. Perusahaan tidak menambah modal                      increase the authorized capital of JS. The Company
   sehingga persentase kepemilikan Perusahaan                     did not increase its investment so that the
   terhadap JS terdilusi dari 3,76% menjadi 3,52%.                Company’s ownership percentage in JS was diluted
                                                                  from 3.76% to 3.52%.

   Mutasi jumlah tercatat pada investasi entitas JLA              Movement in the carrying amount of investment in
   adalah sebagai berikut:                                        JLA is as follows:

                                               2023               2022
    Saldo awal tahun                             98.848            115.074             Balance at beginning of year
    Bagian rugi neto                            (46.035)           (16.226)                        Share in net loss
    Bagian rugi komprehensif lain               (11.121)                 -        Share in other comprehensive loss
    Saldo Akhir Tahun                            41.692             98.848                  Balance at End of Year


   Berikut ini adalah ringkasan informasi keuangan                The following table is the summarized financial
   JLA untuk tahun yang berakhir pada tanggal-tanggal             information of JLA for the years ended
   31 Desember 2023 dan 2022:                                     December 31, 2023 and 2022:




                                                         63
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PT BAKRIELAND DEVELOPMENT Tbk                                    PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                 AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                    FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                   FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                        DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan               (Expressed in millions of Rupiah, unless otherwise
lain)                                                            stated)

12. PENYERTAAN SAHAM PADA ENTITAS ASOSIASI                       12. INVESTMENT IN SHARES OF STOCK                      IN
    (Lanjutan)                                                       ASSOCIATED ENTITIES (Continued)

                                                   2023                2022
    Total Aset                                      777.856            988.963                             Total Assets
    Total Liabilitas                                402.030            495.524                           Total Liabilities
    Total Pendapatan                                 44.743             25.345                           Total Revenue
    Rugi Neto                                       (94.799)           (86.784)                                Net Loss


   Pada tanggal 31 Desember 2023 dan 2022,                            As of December 31, 2023 and 2022, the Group’s
   manajemen Grup berkeyakinan bahwa penurunan                        management believes that impairment of investment
   nilai untuk investasi telah memadai berdasarkan hasil              is adequate based on a review of investment at the
   penelaahan atas penyertaan saham pada investasi                    end of the year.
   pada akhir tahun.


13. TANAH UNTUK PENGEMBANGAN                                     13. LAND FOR DEVELOPMENT

   Rincian tanah untuk pengembangan berdasarkan                       The details of land for development based on
   lokasi adalah sebagai berikut:                                     location are as follows:

                                           2023                                  2022
                             Luas Tanah/                           Luas Tanah/
                              Land Area                             Land Area
                           (Dalam Ha/In Ha )                     (Dalam Ha/In Ha )
                            (Angka Penuh/          Total/         (Angka Penuh/          Total/
    Lokasi                   Full Amount )        Amount           Full Amount )        Amount                  Location

    Bogor, Jawa Barat               639,51         1.128.447              688,71         1.074.207      Bogor, West Java
    Kalianda, Lampung                                                                                     Kalianda, South
       Selatan                      350,63         1.010.055              350,63         1.010.055            Lampung
    Sidoarjo, Jawa Timur            337,58           565.393              341,35           585.578     Sidoarjo, East Java

    Total                         1.327,72         2.703.895            1.380,69         2.669.840                  Total


   Pada tahun 2023, penambahan tanah untuk                            In 2023, the addition of land for development mainly
   pengembangan terutama merupakan reklasifikasi                      represents reclassification from fixed assets in
   tanah sehubungan dengan perubahan peruntukkan                      connection with the changes in management’s
   masing-masing dari aset tetap seluas 6,02 ha dan                   intention regarding the use of these assets, with a
   pembelian tanah seluas 1,50 ha milik PT Graha                      total area of 6.02 ha and purchased of land
   Andrasentra Propertindo Tbk, Entitas Anak yang                     ownership with total area of 1.50 ha, owned by
   terletak di kawasan Bogor, Jawa Barat (Catatan 10                  PT Graha Andrasentra Propertindo Tbk, located at
   dan 16).                                                           Bogor, West Java (Notes 10 and 16).

   Pada tahun 2023, penurunan tanah untuk                             In 2023, the decrease of land for development
   pengembangan terutama merupakan penjualan tanah                    mainly represents sales of land owned by
   milik PT Bahana Sukma Sejahtera (BSS), Entitas                     PT Bahana Sukma Sejahtera (BSS), a Subsidiary,
   Anak, yang terletak di kawasan Bogor, Jawa Barat,                  located in Bogor, West Java, with total area of
   seluas 56,99 ha dijual kepada pihak ketiga.                        56.99 ha, was sold to a third party.

   Pada     tahun     2022,   terutama   tanah  milik                 In 2022, land owned mainly by PT Graha
   PT Graha Andrasentra Propertindo Tbk (GAP),                        Andrasentra Propertindo Tbk (GAP), a Subsidiary,
   Entitas    Anak,    yang    terletak di   Kawasan                  located at Pamoyanan with total area of 8,25 ha, and
   Pamoyanan seluas 8,25 ha dan tanah milik                           land owned by PT Bahana Sukma Sejahtera, (BSS)
   PT Bahana Sukma Sejahtera (BSS), Entitas Anak,                     a Subsidiary, located in Bogor, West Java with a
   yang terletak di kawasan Bogor, Jawa Barat seluas                  total area of 8.10 ha, were sold to third parties.
   8,10 ha dijual kepada pihak ketiga.




                                                            64
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PT BAKRIELAND DEVELOPMENT Tbk                                   PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                  FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                       DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan              (Expressed in millions of Rupiah, unless otherwise
lain)                                                           stated)

13. TANAH UNTUK PENGEMBANGAN (Lanjutan)                         13. LAND FOR DEVELOPMENT (Continued)

   Pada tanggal 31 Desember 2023 dan 2022,                          As    of    December     31,    2023     and     2022
   tanah      untuk        pengembangan        milik                land for development owned by PT Mutiara Masyhur
   PT Mutiara Masyhur Sejahtera, Entitas Anak, yang                 Sejahtera, a Subsidiary, which is located in Sidoarjo,
   berlokasi di Sidoarjo, Jawa Timur, dijadikan                     Jawa Timur, is pledged as collateral for short-term
   jaminan atas utang bank jangka pendek dan                        and long-term bank loans obtained from PT Bank
   jangka panjang yang diperoleh dari PT Bank                       Mayapada Internasional Tbk (Note 19a).
   Mayapada Internasional Tbk (Catatan 19a).

   Pada tanggal 31 Desember 2023 dan 2022,                          As of December 31, 2023 and 2022, the
   reklasifikasi tanah untuk pengembangan yang                      reclassification of land for development which
   meliputi reklasifikasi ke dan dari akun aset lainnya,            includes reclassifications to and from other asset
   seperti aset tetap, uang muka pembelian tanah, dan               accounts, such as fixed assets, advance for
   persediaan, dikarenakan adanya perubahan intensi                 purchase of land, and inventories, are due to
   manajemen atas penggunaan aset-aset tersebut.                    changes in management’s intention on the use of
                                                                    these assets.

   Tidak terdapat bunga pinjaman yang dikapitalisasi                There  was     no   capitalized loan interest
   pada tanah untuk pengembangan pada tahun yang                    on land for development for the years ended
   berakhir pada tanggal-tanggal 31 Desember 2023 dan               December 31, 2023 and 2022.
   2022.

   Manajemen Grup berkeyakinan bahwa tidak terdapat                 The Group’s management believes that there will be
   masalah dalam proses sertifikasi dan perpanjangan                no issue in obtaining the land certificates and the
   hak atas tanah karena seluruh tanah diperoleh secara             extension of the land rights as all the land are legally
   sah dan didukung dengan bukti kepemilikan yang                   acquired and supported by sufficient evidence of
   memadai.                                                         ownership.


14. UANG MUKA PEMBELIAN TANAH                                   14. ADVANCE FOR PURCHASE OF LAND

   Pada tanggal 31 Desember 2023 dan 2022, uang                     As of December 31, 2023 and 2022, advances for
   muka pembelian terutama merupakan pembayaran                     purchases mainly represent purchases of land
   untuk pembebasan tanah yang berlokasi di Sidoarjo,               located in Sidoarjo, East Java regarding the partial
   Jawa Timur milik PT Mutiara Masyhur Sejahtera                    payment owned by PT Mutiara Masyhur Sejahtera
   (MMS), Entitas Anak, pembelian tanah yang berlokasi              (MMS), a Subsidiary, the purchase of land located in
   di Kecamatan Sawangan, Depok, Jawa Barat seluas                  Sub-district Sawangan, Depok, West Java with an
   149.744 m2 milik PT Citrasaudara Abadi (CSA),                    area of 149,744 m2 owned by PT Citrasaudara
   Entitas Anak, pembelian tanah Tanah Sentul terletak              Abadi (CSA), a Subsidiary, the purchase of land in
   sekitar Jungleland, Kecamatan Babakan Madang,                    Sentul land iocated around Jungleland, Babakan
   Kabupaten Bogor, Jawa Barat seluas 4,13 ha milik                 Madang Sub-district, Bogor District, West Java with
   PT Graha Andrasentra Propertindo Tbk (GAP),                      a total land area of 4.13 ha owned by PT Graha
   Entitas Anak, dan tanah yang berlokasi di Bogor,                 Andrasentra Propertindo Tbk (GAP), a Subsidiary,
   Jawa Barat seluas 86.360 m2 milik Perusahaan                     and the purchase of land that is located in Bogor,
   (Catatan 43e).                                                   West Java with an area of 86,360 m2 owned by the
                                                                    Company (Note 43e).

   Pada tanggal 8 Desember 2023, GAP dan PT Maju                    On December 8, 2023, GAP and PT Maju Sukses
   Sukses Nusajaya (MSN) mengadakan kesepakatan                     Nusajaya (MSN) entered into an agreement to
   untuk mengalihkan sebagian hak atas uang muka                    transfer a portion of the GAP’s rights over the
   pembelian    tanah  Kebun    Menteng   sebesar                   advances for purchase of Kebun Menteng land
   Rp36,52 miliar.                                                  amounting to Rp36.52 billion.




                                                           65
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PT BAKRIELAND DEVELOPMENT Tbk                                     PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                  AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                     FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                    FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                         DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                (Expressed in millions of Rupiah, unless otherwise
lain)                                                             stated)

14. UANG MUKA PEMBELIAN TANAH (Lanjutan)                          14. ADVANCE        FOR      PURCHASE         OF     LAND
                                                                      (Continued)

   Pada tanggal 11 Agustus 2022, GMI dan                              On August 11, 2022, GMI and Perkumpulan Lyceum
   Perkumpulan Lyceum Kristen (dahulu Het Christelijke                Kristen (formerly Het Christelijke Lyceum) (Lyceum)
   Lyceum) (Lyceum), telah menandatangani Perjanjian                  entered into a Cancellation Agreement Waiver of
   Pembatalan Pelepasan Hak atas Tanah di mana GMI                    Land Rights, whereby GMI will receive a cancellation
   akan menerima pembayaran pembatalan uang muka                      payment of amounting to Rp266.87 billion in
   pembelian      tanah     dari   Lyceum      sebesar                accordance with GMI’s payment to Lyceum until the
   Rp266,87 miliar sesuai dengan pembayaran GMI                       cancellation date of agreement. GMI cancelled its
   kepada Lyceum sampai dengan sebelum tanggal                        plan to purchase the land located in Bandung.
   pembatalan perjanjian. GMI telah membatalkan                       During 2022, a total of Rp256.34 billion in advance
   rencana pembelian tanah yang berlokasi di Bandung                  payments for land purchases were received, and the
   tersebut. Selama tahun 2022, pengembalian uang                     remaining amount will be settled by no later than
   muka pembelian tanah telah diterima sebesar                        December 2023. During the year 2023, payment of
   Rp256,34 miliar dan sisanya akan dilunasi paling                   advance for purchase of land was fully paid by GMI
   lambat pada bulan Desember 2023. Selama tahun                      (Note 43g).
   2023, pembayaran uang muka pembelian tanah telah
   diterima seluruhnya oleh GMI (Catatan 43g).


15. PROPERTI INVESTASI                                            15. INVESTMENT PROPERTIES

   Pada tanggal 31 Desember 2022, dalam properti                      As of December 31, 2022, the Group’s investment
   investasi Grup terdapat bangunan dan prasarana                     properties included building and improvements
   yang terdiri dari 43.103 m2 Wisma Bakrie, 17.946 m2                consisting of 43,103 m2 of Wisma Bakrie, 17,946 m2
   Bakrie tower, 6.784,25 m2 Media Walk, 2.565 m2 The                 of Bakrie Tower, 6,784.25 m2 of Media Walk,
   Grove, dan 1.279,32 m2 Rasuna Office Park. Juga                    2,565 m2 of The Grove, and 1,279.32 m2 of Rasuna
   terdapat area retail yang terdiri dari 20.644 m2 Pasar             Office Park. There were also retail areas consisting
   Kuliner, 2.019,89 m2 Taman Rasuna Apartment,                       of 20,644 m2 of Pasar Kuliner, 2,091.89 m2 of
   499,67 m2 Kahuripan Office, 490 m2 Club House Mora                 Taman Rasuna Apartment, 499.67 m2 Kahuripan
   Monroe, dan 86,64 m2 Tower 18th Apartment, yang                    Office, 490 m2 Club House Mora Monroe, and
   disewakan kepada pihak ketiga dan pihak berelasi di                86.64 m2 of Tower 18th Apartment, which were
   luar Grup berdasarkan perjanjian sewa.                             rented to third parties and related parties outside the
                                                                      Group based on rental agreements.

   Pada tanggal 31 Desember 2023, terdapat mutasi                     As of December 31, 2023, there had been
   dari properti investasi Grup yaitu Pasar Kuliner yang              movements on the Group’s investment properties of
   menjadi 7.216 m2 dan Taman Rasuna Apartment                        Pasar Kuliner which became 7,216 m2 and Taman
   yang menjadi 1.420 m2.                                             Rasuna Apartment which became 1,420 m2.

   Mutasi properti investasi adalah sebagai berikut:                  The movements in investment properties are as
                                                                      follows:

                                                  2023                 2022
    Biaya Perolehan                                                                                     Acquisition Costs
    Saldo awal                                     592.931             592.931                          Beginning balance
    Pengurangan selama
       tahun berjalan                                  (9.637)                 -                 Deduction during the year
    Saldo akhir                                    583.294             592.931                             Ending balance




                                                             66
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PT BAKRIELAND DEVELOPMENT Tbk                                   PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                  FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                       DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan              (Expressed in millions of Rupiah, unless otherwise
lain)                                                           stated)

15. PROPERTI INVESTASI (Lanjutan)                               15. INVESTMENT PROPERTIES (Continued)

                                               2023                  2022
    Akumulasi Penyusutan                                                                   Accumulated Depreciation
    Saldo awal                                 147.285               133.355                      Beginning balance
    Penambahan selama tahun
       berjalan                                 13.020                13.930                    Addition during the year
    Pengurangan selama tahun
       berjalan                                  (5.036)                    -                 Deduction during the year
    Pengurangan atas                                                                                  Decrease due to
       reklasifikasi                               (149)                    -                       reclassification
    Saldo akhir                                155.120               147.285                            Ending balance
    Jumlah Tercatat                            428.174               445.646                        Carrying Amounts


   Rincian penjualan dan penghapusan          properti              The detail of sale and write-off of investment
   investasi adalah sebagai berikut:                                properties is as follows:

                                               2023                  2022
    Biaya perolehan                               9.637                     -                        Acquisition costs
    Akumulasi penyusutan                         (5.036)                    -                 Accumulated depreciation
    Jumlah tercatat properti                                                             Carrying amount of investment
       investasi                                  4.601                     -                            properties
    Dikurangi:                                                                                             Deductions:
       Kerugian atas pembongkaran                 4.477                     -                    Loss on demolition
       Hasil penjualan properti                                                               Proceeds from sale of
           investasi                                  99                    -             investment properties
    Rugi atas penjualan                                                                              Loss on sale of
       properti investasi - neto                      (25)                  -          investment properties - net


   Pada tahun 2023, pengurangan pada dasarnya                       In     2023,     deductions     mainly      represent
   merupakan      pembongkaran     properti  investasi              demolition of a building in PT Mutiara Masyhur
   bangunan atas PT Mutiara Masyhur Sejahtera,                      Sejahtera’s, a Subsidiary, with a carrying amount of
   Entitas Anak, dengan jumlah tercatat sebesar                     Rp4.60 billion. Net loss from the demolition
   Rp4,60 miliar. Kerugian neto atas pembongkaran                   amounting to Rp4.48 billion is presented as part of
   tersebut sebesar Rp4,48 miliar disajikan sebagai                 “Loss from demolition of building” under “Other
   bagian dari “Kerugian atas pembongkaran bangunan”                Income (Charges)” in the consolidated statement of
   dari akun “Penghasilan (Beban) Lain-Lain” dalam                  profit or loss and other comprehensive income for
   laporan laba rugi dan penghasilan komprehensif lain              the year ended December 31, 2023.
   konsolidasian yang akan berakhir pada tanggal
   31 Desember 2023.

   Pendapatan sewa properti investasi yang diakui                   Rental    income     from    investment   properties
   untuk    tahun     yang   berakhir   pada   tanggal              recognized       for      the      years      ended
   31 Desember 2023 dan 2022 masing-masing sebesar                  December 31, 2023 and 2022 amounted to
   Rp5,59 miliar dan Rp6,24 miliar, dan disajikan                   Rp5.59 billion and Rp6.24 billion, respectively, and
   sebagai bagian dari penghasilan sewa perkantoran                 is presented as part of revenue from rental of office
   pada laporan laba rugi dan penghasilan komprehensif              spaces in the consolidated profit or loss and other
   lain konsolidasian.                                              comprehensive income.




                                                           67
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PT BAKRIELAND DEVELOPMENT Tbk                                         PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                      AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                         NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                         FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                        FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                             DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                    (Expressed in millions of Rupiah, unless otherwise
lain)                                                                 stated)

15. PROPERTI INVESTASI (Lanjutan)                                     15. INVESTMENT PROPERTIES (Continued)

   Beban penyusutan untuk tahun 2023 dan 2022                              Depreciation expenses during 2023 and 2022
   masing-masing sebesar Rp13,02 miliar dan                                amounted to Rp13.02 billion and Rp13.93 billion,
   Rp13,93 miliar, dan disajikan sebagai bagian dari                       respectively, and are presented as part of “Cost of
   akun “Beban Pokok Pendapatan” dalam laporan laba                        Revenues” account in the consolidated profit or loss
   rugi dan penghasilan komprehensif lain konsolidasian                    and other comprehensive income (Note 33).
   (Catatan 33).

   Properti investasi diasuransikan terhadap risiko                        Investment properties are insured against losses
   bencana alam, risiko kebakaran dan risiko lainnya                       from natural disasters, fire and other risks along with
   bersama dengan aset tetap (Catatan 16).                                 fixed assets (Note 16).

   Berdasarkan hasil penelaahan terhadap jumlah                            Based on a review on the recoverable amount
   terpulihkan dari properti investasi, manajemen Grup                     of the investment properties, the Group’s
   berkeyakinan bahwa tidak terdapat kejadian-kejadian                     management believes that there are no events or
   atau perubahan-perubahan yang mengindikasikan                           changes indicating asset impairment as of
   adanya penurunan nilai aset pada tanggal                                December 31, 2023 and 2022.
   31 Desember 2023 dan 2022.


16. ASET TETAP                                                        16. FIXED ASSETS

                                                               2023
                                Saldo                                                           Saldo
                                Awal/                                                           Akhir/
                              Beginning     Penambahan/    Pengurangan/     Reklasifikasi/     Ending
                               Balance       Additions      Deductions     Reclassification    Balance
    Biaya Perolehan                                                                                                 Acquisition Costs
    Pemilikan langsung                                                                                                Direct ownership
    Tanah                         447.087           373                -            (75.272)      372.188                          Land
    Bangunan dan                                                                                                          Buildings and
      prasarana                 1.033.746          9.608          2.613                 285     1.041.026             improvements
    Kendaraan bermotor             25.397          1.055          1.000                (400)       25.052                Motor vehicles
                                                                                                                       Machinery and
    Mesin dan peralatan           129.225          3.178         19.202                 (25)      113.176                  equipment
    Perabotan dan                                                                                                      Office furniture,
      perlengkapan                                                                                                      fixtures, and
      kantor                      138.955          8.082               -              2.247       149.284                  equipment
    Subtotal                    1.774.410        22.296          22.815             (73.165)    1.700.726                      Subtotal
                                                                                                                          Assets under
    Aset bangun serah                                                                                              build and transfer
    Bangunan                      243.989              -               -                  -       243.989                      Buildings
    Aset dalam penyelesaian                                                                                    Construction in-progress
    Bangunan                        8.131          3.677               -             (2.198)        9.610                     Buildings
    Total Biaya Perolehan       2.026.530        25.973          22.815             (75.363)    1.954.325        Total Acquisition Costs
    Akumulasi Penyusutan                                                                                    Accumulated Depreciation
    Kepemilikan langsung                                                                                             Direct ownership
    Bangunan dan                                                                                                         Buildings and
      prasarana                   414.516         38.790          2.484                   -       450.822            improvements
    Kendaraan bermotor             22.821            771          1.000                   -        22.592               Motor vehicles
                                                                                                                      Machinery and
    Mesin dan peralatan           120.928          3.832         15.944                 90        108.906                 equipment
    Perabotan dan                                                                                                     Office furniture,
      perlengkapan                                                                                                     fixtures, and
      kantor                      128.845          3.750               -                (90)      132.505                 equipment

    Subtotal                      687.110         47.143         19.428                   -       714.825                      Subtotal




                                                               68
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PT BAKRIELAND DEVELOPMENT Tbk                                                             PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                          AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                             NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                                             FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                                            FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                                                 DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                                        (Expressed in millions of Rupiah, unless otherwise
lain)                                                                                     stated)

16. ASET TETAP (Lanjutan)                                                                   16. FIXED ASSETS (Continued)

                                                                                     2023
                                       Saldo                                                                                      Saldo
                                       Awal/                                                                                      Akhir/
                                     Beginning          Penambahan/           Pengurangan/          Reklasifikasi/               Ending
                                      Balance            Additions             Deductions          Reclassification              Balance

                                                                                                                                                                   Assets under
    Aset bangun serah                                                                                                                                       build and transfer
    Bangunan                             166.444                  13.691                    -                     -                180.135                              Buildings

    Total Akumulasi                                                                                                                                           Total Accumulated
      Penyusutan                         853.554                  60.834              19.428                      -                894.960                       Depreciation

    Akumulasi Penyisihan                                                                                                                               Accumulated Impairment
      Kerugian Penurunan Nilai                 2.763                   -               2.763                      -                        -                          Loss

    Jumlah Tercatat                    1.170.213                                                                                 1.059.365                  Carrying Amounts



                                                                                     2022
                                   Saldo                                                                                              Saldo
                                   Awal/                                                                                              Akhir/
                                 Beginning         Penambahan/       Pengurangan/      Reklasifikasi/       Dekonsolidasi/           Ending
                                  Balance           Additions         Deductions      Reclassification     Deconsolidation           Balance
    Biaya Perolehan                                                                                                                                              Acquisition Costs
    Pemilikan langsung                                                                                                                                             Direct ownership
    Tanah                          1.163.580               315                   -               (1.431)              715.377              447.087                              Land
    Bangunan dan                                                                                                                                                       Buildings and
      prasarana                    1.676.944              2.767             64.737              16.567                597.795          1.033.746                   improvements
    Kendaraan bermotor                26.293              1.268              1.567                   -                    597             25.397                      Motor vehicles
                                                                                                                                                                    Machinery and
    Mesin dan peralatan              449.763              1.353               187                     -               321.704              129.225                      equipment
    Perabotan dan                                                                                                                                                   Office furniture,
      perlengkapan                                                                                                                                                   fixtures, and
      kantor                         148.490              2.905                79                     -                12.361              138.955                      equipment
    Subtotal                       3.465.070              8.608             66.570              15.136            1.647.834            1.774.410                            Subtotal
                                                                                                                                                                       Assets under
    Aset bangun serah                                                                                                                                           build and transfer
    Bangunan                         238.474                  -                  -               5.515                       -             243.989                          Buildings
    Aset dalam penyelesaian                                                                                                                                 Construction in-progress
    Bangunan                          23.234              7.402                  -              (22.082)                 423                   8.131                       Buildings
    Total Biaya Perolehan          3.726.778            16.010              66.570               (1.431)          1.648.257            2.026.530              Total Acquisition Costs
    Akumulasi Penyusutan                                                                                                                                 Accumulated Depreciation
    Kepemilikan langsung                                                                                                                                          Direct ownership
    Bangunan dan                                                                                                                                                      Buildings and
      prasarana                      555.773             57.451             28.797                    -               169.911              414.516                improvements
    Kendaraan bermotor                23.278              1.484              1.451                    -                   490               22.821                   Motor vehicles
                                                                                                                                                                   Machinery and
    Mesin dan peralatan              245.614             18.194               186                     -               142.694              120.928                     equipment
    Perabotan dan                                                                                                                                                  Office furniture,
      perlengkapan                                                                                                                                                  fixtures, and
      kantor                         135.097              5.780                77                     -                11.955              128.845                     equipment

    Subtotal                         959.762             82.909             30.511                    -               325.050              687.110                          Subtotal

                                                                                                                                                                       Assets under
    Aset bangun serah                                                                                                                                           build and transfer
    Bangunan                         154.372             12.072                  -                    -                      -             166.444                          Buildings

    Total Akumulasi                                                                                                                                               Total Accumulated
      Penyusutan                   1.114.134             94.981             30.511                    -               325.050              853.554                   Depreciation

    Akumulasi Penyisihan                                                                                                                                  Accumulated Impairment
      Kerugian Penurunan Nilai         2.763                  -                  -                    -                      -                 2.763                     Loss

    Jumlah Tercatat                2.609.881                                                                                           1.170.213                 Carrying Amounts



   Alokasi beban penyusutan untuk tahun 2023 dan                                                 Allocation of depreciation expenses during 2023 and
   2022 adalah sebagai berikut:                                                                  2022 is as follows:

                                                                       2023                       2022
    Beban pokok pendapatan                                                 10.214                    37.420                                    Cost of revenues
    Beban umum dan administrasi                                                                                                       General and administrative
       (Catatan 34b)                                                       50.620                    57.561                            expenses (Note 34b)
    Total                                                                  60.834                   94.981                                                               Total




                                                                                     69
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PT BAKRIELAND DEVELOPMENT Tbk                                  PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                               AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                  FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                 FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                      DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan             (Expressed in millions of Rupiah, unless otherwise
lain)                                                          stated)

16. ASET TETAP (Lanjutan)                                       16. FIXED ASSETS (Continued)

   Rincian penjualan dan penghapusan aset tetap                     The detail of sales and write-off of fixed assets is as
   adalah sebagai berikut:                                          follows:

                                                 2023               2022
    Biaya perolehan                                22.815             66.570                          Acquisition costs
    Akumulasi penyusutan                          (19.429)           (30.511)                  Accumulated depreciation
    Nilai buku neto aset tetap                      3.386             36.059               Net book value of fixed assets
    Hasil penjualan aset tetap                      1.541              2.005           Proceeds from sale of fixed assets
    Kerugian atas pembongkaran                                                                     Loss from demolition
        bangunan                                          -          (34.363)                             of building
    Laba (rugi) atas penjualan dan                                                    Gain (loss) on sale and disposal
       penghapusan aset tetap - neto               (1.845)                309                  of fixed assets - net


   Pada tanggal 31 Desember 2023, aset dalam                        As of December 31, 2023, construction in-progress
   penyelesaian     terutama   merupakan perbaikan                  mainly represents building and improvements of
   bangunan dan prasarana atas Hotel Alana                          Hotel Alana Yogyakarta owned by RRD, a
   Yogyakarta milik RRD, Entitas Anak.                              Subsidiary.

   Pada tanggal 31 Desember 2022, aset dalam                        As of December 31, 2022, construction in-progress
   penyelesaian  terutama  merupakan    perbaikan                   mainly represents building and improvements of
   bangunan dan prasarana Wisma Bakrie milik BSU,                   Wisma Bakrie owned by BSU, a Subsidiary.
   Entitas Anak.

   Rincian aset dalam penyelesaian pada tanggal                     The detail of construction in progress as of
   31 Desember 2023 dan 2022 adalah sebagai berikut:                December 31, 2023 and 2022 is as follows:

                                   Persentase                          Estimasi Tahun
                                 Penyelesaian/                          Penyelesaian/
                                 Percentage of   Nilai Tercatat/           Estimated
                                  Completion     Carrying Value              year of
    2023                              (%)              (Rp)               Completion                                     2023
    Bangunan dan prasarana       30,00%-95,00%              9.610   Maret - Desember 2024/           Building and improvement
                                                                    March - December 2024



                                   Persentase                          Estimasi Tahun
                                 Penyelesaian/                          Penyelesaian/
                                 Percentage of   Nilai Tercatat/           Estimated
                                  Completion     Carrying Value              year of
    2022                              (%)              (Rp)               Completion                                     2022
    Bangunan dan prasarana       75,00%-99,80%              8.131   Maret - Desember 2023/           Building and improvement
                                                                    March - December 2023

   Aset tetap dan properti investasi, kecuali tanah,                Fixed assets and investment properties, except for
   diasuransikan terhadap risiko bencana alam, risiko               land, are insured against the risks of natural
   kebakaran dan risiko lainnya dengan jumlah nilai                 disaster, fire and others risks with the sum insured
   pertanggungan masing-masing sebesar Rp3,48 triliun               amounting to Rp3.48 trillion and Rp1.54 trillion in
   dan Rp1,54 triliun pada tahun 2023 dan 2022.                     2023 and 2022, respectively. The Group’s
   Manajemen Grup berkeyakinan bahwa nilai                          management believes that the sum insured is
   pertanggungan tersebut cukup untuk menutupi                      sufficient to cover possible losses of the insured
   kemungkinan      kerugian     atas   aset    yang                assets.
   dipertanggungkan.




                                                          70
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PT BAKRIELAND DEVELOPMENT Tbk                                  PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                               AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                  FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                 FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                      DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan             (Expressed in millions of Rupiah, unless otherwise
lain)                                                          stated)

16. ASET TETAP (Lanjutan)                                      16. FIXED ASSETS (Continued)

   Pada tanggal 31 Desember 2023 dan 2022, tanah                   As of December 31, 2023 and 2022, land and
   dan bangunan milik PT Graha Andrasentra                         buildings owned by PT Graha Andrasentra
   Propertindo Tbk (GAP) dan PT Jasa Boga Raya                     Propertindo Tbk (GAP) and PT Jasa Boga Raya
   (JBR) yang terletak di Bogor dijadikan jaminan atas             (JBR), which are located in Bogor are pledged as
   pinjaman kepada PT Bank KB Bukopin Tbk, PT Bank                 collateral for loans obtained from PT Bank KB
   Panin Tbk, PT Bank Rakyat Indonesia (Persero) Tbk               Bukopin Tbk, PT Bank Panin Tbk, PT Bank Rakyat
   (BRI) dan pembiayaan Musyarakah yang diperoleh                  Indonesia (Persero) Tbk (BRI) and Musyarakah
   dari PT Bank KB Syariah Bukopin.                                financing obtained from PT Bank KB Syariah
                                                                   Bukopin.

   Pada tanggal 31 Desember 2023 dan 2022,                         As of December 31, 2023 and 2022, the
   reklasifikasi aset tetap ke tanah untuk pengembangan            reclassifications of fixed assets to land for
   dikarenakan adanya perubahan intensi manajemen                  development are due to changes in management’s
   atas penggunaan aset-aset tersebut.                             intention on the use of these assets.

   Tidak terdapat bunga pinjaman yang dikapitalisasi               There are no capitalization of loan interest on fixed
   pada aset tetap pada tahun yang berakhir pada                   assets for the years ended December 31, 2023 and
   tanggal-tanggal 31 Desember 2023 dan 2022.                      2022.

   Tidak terdapat aset tetap yang tidak terpakai                   There are no temporary unused fixed assets and
   sementara dan tidak terdapat aset tetap yang                    there are no fixed assets that are discontinued from
   dihentikan dari penggunaan aktif dan tidak                      active use and not classified as available for sale.
   diklasifikasikan sebagai tersedia untuk dijual.

   Manajemen Grup berkeyakinan bahwa kerugian                      The Group’s management believes that the
   penyisihan penurunan nilai aset tetap telah memadai             provision for impairment loss of fixed assets is
   berdasarkan hasil penelaahan atas aset tetap pada               adequate based on the review of fixed assets at the
   akhir tahun.                                                    end of the year.


17. GOODWILL                                                   17. GOODWILL

   Goodwill Grup terutama merupakan hasil dari akuisisi            The Group’s goodwill mainly attributable to the
   PT Mutiara Masyhur Sejahtera pada tahun 2014                    acquisition of PT Mutiara Masyhur Sejahtera in 2014
   sebesar Rp1,68 triliun.                                         amounting to Rp1.68 trillion.

   Grup menguji secara tahunan apakah goodwill                     The Group tests annually whether goodwill has
   mengalami penurunan nilai. Jumlah terpulihkan                   suffered any impairment. The recoverable amount of
   goodwill ditentukan berdasarkan nilai pakai.                    goodwill is determined based on value-in use.

   Akibat dari perubahan asumsi yang sejalan dengan                As a result of the change in assumptions in line with
   perubahan kondisi ekonomi dan pasar, Grup telah                 the changes in economic and market conditions, the
   menurunkan          nilai     goodwill      sebesar             Group has impaired an amount of Rp809.61 billion
   Rp809,61 miliar pada tahun berjalan yang disajikan              of goodwill during the year which is represented in
   pada laporan laba rugi dan penghasilan komprehensif             the consolidatied statements of profit or loss and
   lain konsolidasian sebagai “Kerugian penurunan nilai            other comprehensive income as “Loss on
   goodwill” karena penurunan estimasi berdasarkan                 impairment of goodwill” due to a decline in the
   pasar yang digunakan untuk mengukur jumlah                      market-driven estimates that was used in measuring
   terpulihkan dari unit penghasil kas. Pada tanggal               the recoverable amount of cash generating unit. As
   31 Desember 2023 dan 2022, nilai tercatat goodwill              of December 31, 2023 and 2022, the carrying
   masing-masing sebesar Rp895,22 miliar dan                       amount of goodwill amounted to Rp895.22 billion
   Rp1,70 triliun.                                                 and Rp1.70 trillion, respectively.




                                                          71
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PT BAKRIELAND DEVELOPMENT Tbk                                  PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                               AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                  FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                 FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                      DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan             (Expressed in millions of Rupiah, unless otherwise
lain)                                                          stated)

17. GOODWILL (Lanjutan)                                        17. GOODWILL (Continued)

   Perhitungan nilai pakai menggunakan proyeksi arus               Value-in use calculation used cash flow projection
   kas dari anggaran keuangan yang telah disetujui oleh            from the financial budget approved by management
   manajemen untuk periode sepuluh tahun. Tingkat                  covering a ten-year period. The pre-tax discount
   diskonto sebelum pajak yang digunakan untuk                     rates applied to cash flow projection is 9.60% and
   proyeksi arus kas adalah 9,60% dan 10,84% masing-               10.84% for the years ended December 31, 2023 and
   masing untuk tahun yang berakhir pada tanggal                   2022, respectively. The following assumptions are
   31 Desember 2023 dan 2022. Asumsi-asumsi berikut                also used in computing value in use:
   ini juga digunakan untuk menghitung nilai pakai:

   a. Estimasi tingkat pertumbuhan                                 a. Growth rate estimates
      - Tingkat pertumbuhan mencakup pertumbuhan                      - Growth rates include revenue growth and
        pendapatan dan tingkat pertumbuhan majemuk                      terminal growth rates that are based on
        yang didasarkan pada pengalaman dan strategi                    experiences and strategies developed for the
        yang dikembangkan untuk berbagai entitas                        various subsidiaries. The prospect for the
        anak. Prospek industri juga dipertimbangkan                     industry was also considered in estimating the
        dalam memperkirakan tingkat pertumbuhan.                        growth rates. Growth rates used in computing
        Tingkat pertumbuhan yang digunakan dalam                        the estimated future cash flows ranged from
        menghitung estimasi arus kas masa depan                         3% and 2% as of December 31, 2023 and
        masing-masing berkisar antara 3% dan 2%                         2022, respectively
        pada tanggal 31 Desember 2023 dan 2022.

   b. Tingkat diskonto                                             b. Discount rates
      - Tingkat diskonto diestimasi berdasarkan biaya                 - Discount rates are estimated based on the
        rata-rata tertimbang atas modal industri,                       industry’s weighted average cost of capital,
        termasuk biaya ekuitas dan utang setelah                        which includes the cost of equity and debt after
        mempertimbangkan rasio gearing.                                 considering the gearing ratio.

   Manajemen berkeyakinan bahwa tidak terdapat                     Management believes that no reasonably possible
   perubahan yang mungkin terjadi pada asumsi utama                changes in any of the above key assumptions would
   di atas yang dapat menyebabkan jumlah tercatat                  cause the carrying amount of goodwill arising from
   goodwill yang timbul dari akuisisi Grup secara                  the Group’s acquisitions to materially exceed its
   material melebihi jumlah terpulihkannya.                        recoverable amount.


18. ASET LAIN-LAIN                                             18. OTHER ASSETS

                                                2023               2022
    Investasi pada ventura                                                                         Investment in joint
        bersama                                                                                           ventures
        (Catatan 43d, 43f dan 48b):               80.457             80.069              (Notes 43d, 43f dan 48b):
    Beban tangguhan                                4.522                787                          Deferred charges
    Uang jaminan                                   1.712              2.077                          Security deposits
    Lain-lain (masing-masing                                                                                    Others
        di bawah Rp2 miliar)                       1.906              1.736             (each below of Rp2 billion)
    Total                                         88.597             84.669                                        Total
    Dikurangi cadangan kerugian                                                         Less allowance for impairment
       penurunan nilai atas investasi                                                          loss on investment
       pada ventura bersama                       40.851             40.851                        in joint ventures
    Total                                         47.746             43.818                                       Total




                                                          72
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PT BAKRIELAND DEVELOPMENT Tbk                                                               PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                            AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                               NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                                               FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                                              FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                                                   DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                                          (Expressed in millions of Rupiah, unless otherwise
lain)                                                                                       stated)

18. ASET LAIN-LAIN (Lanjutan)                                                                   18. OTHER ASSETS (Continued)

   Rincian investasi pada ventura bersama adalah                                                       The details of investments in joint ventures are as
   sebagai berikut:                                                                                    follows:

                                                                                         2023

                                                                    Nilai tercatat
                                                                   investasi awal                                         Nilai Tercatat
                                              Persentase               tahun/                     Bagian laba            investasi akhir
                                             kepemilikan/         Carrying Value at                  neto/                    tahun/
                                              Percentage             beginning                   Equity in net         Carrying value at
                                             of ownership              of year                      profit              the end of year
    Investasi Tidak Langsung melalui                                                                                                                      Direct investment through
      PT Mutiara Masyhur Sejahtera                                                                                                                   PT Mutiara Mahsyur Sejahtera
        KSO Wika-Kahuripan                              40,00%                 31.801                        388                   32.189                   KSO Wika-Kahuripan
        KSO GIN-MMS                                     12,06%                  7.417                          -                    7.417                         KSO GIN-MMS
    Investasi Tidak Langsung melalui                                                                                                                     Indirect investment through
      PT Bakrie Pangripta Loka                                                                                                                           PT Bakrie Pangripta Loka
        KSO PP - BPL                                    51,00%                 40.851                             -                40.851                           KSO PP - BPL
    Subtotal                                                                   80.069                        388                   80.457                                      Subtotal
    Dikurangi cadangan kerugian                                                                                                                          Less allowance for impairment
      penurunan nilai                                                          40.851                             -                40.851                                       loss
    Neto                                                                       39.218                        388                   39.606                                           Net


                                                                                         2022

                                                             Nilai tercatat
                                                            investasi awal                                                       Nilai Tercatat
                                          Persentase            tahun/              Pembagian             Bagian laba           investasi akhir
                                         kepemilikan/      Carrying Value at       keuntungan/               neto/                   tahun/
                                          Percentage          beginning               Profit             Equity in net        Carrying value at
                                         of ownership           of year            distribution             profit             the end of year
    Investasi Tidak Langsung melalui                                                                                                                         Direct investment through
      PT Mutiara Masyhur Sejahtera                                                                                                                      PT Mutiara Mahsyur Sejahtera
        KSO Wika-Kahuripan                      40,00%               33.345                 (2.668)                   1.124               31.801               KSO Wika-Kahuripan
        KSO GIN-MMS                             12,06%                7.417                       -                       -                7.417                     KSO GIN-MMS
    Investasi Tidak Langsung melalui                                                                                                                        Indirect investment through
      PT Bakrie Pangripta Loka                                                                                                                              PT Bakrie Pangripta Loka
        KSO PP - BPL                            51,00%               40.851                        -                      -               40.851                       KSO PP - BPL
    Subtotal                                                         81.613                 (2.668)                   1.124               80.069                                Subtotal
    Dikurangi cadangan kerugian                                                                                                                            Less allowance for impairment
      penurunan nilai                                                      -                       -                      -               40.851                                  loss
    Neto                                                             81.613                 (2.668)                   1.124               39.218                                    Net



   Informasi tambahan pada tanggal 31 Desember 2023                                                    Additional information as of December 31, 2023 and
   dan 2022 sehubungan dengan investasi pada ventura                                                   2022 related to investment in joint venture are as
   bersama adalah sebagai berikut:                                                                     follows:

                                                                                         2023
                                                                                                                       Total Laba
                                                                                                                         (Rugi)/
                                               Total Aset/         Total Liabilitas/       Total Pendapatan/          Total Income
                                              Total Assets          Total Liability         Total Revenue                (Loss)
    Entitas Asosiasi                                                                                                                                                Associated entity
      Investasi Tidak Langsung melalui                                                                                                                   Direct investment through
         PT Mutiara Masyhur Sejahtera                                                                                                               PT Mutiara Mahsyur Sejahtera
           KSO Wika-Kahuripan (audit)                   258.606                203.223                   2.927                     967             KSO Wika-Kahuripan (audited)
           KSO GIN-MMS (tidak diaudit)                   61.486                      -                       -                       -                KSO GIN-MMS (unaudited)
      Investasi Tidak Langsung melalui                                                                                                                 Indirect investment through
        PT Bakrie Pangripta Loka                                                                                                                       PT Bakrie Pangripta Loka
          KSO PP - BPL (tidak diaudit)                  247.264                 25.217                        -                   (330)               KSO PP - BPL (unaudited)




                                                                                    73
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PT BAKRIELAND DEVELOPMENT Tbk                                                    PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                 AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                    NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                                    FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                                   FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                                        DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                               (Expressed in millions of Rupiah, unless otherwise
lain)                                                                            stated)

18. ASET LAIN-LAIN (Lanjutan)                                                     18. OTHER ASSETS (Continued)

                                                                              2022
                                                                                                     Total Laba
                                                                                                       (Rugi)/
                                          Total Aset/     Total Liabilitas/     Total Pendapatan/   Total Income
                                         Total Assets      Total Liability       Total Revenue         (Loss)
    Entitas Asosiasi                                                                                                                  Associated entity
      Investasi Tidak Langsung melalui                                                                                     Direct investment through
         PT Mutiara Masyhur Sejahtera                                                                                 PT Mutiara Mahsyur Sejahtera
           KSO Wika-Kahuripan (audit)           258.747            204.330                 7.221             2.811   KSO Wika-Kahuripan (audited)
           KSO GIN-MMS (tidak diaudit)           61.486                  -                     -                 -      KSO GIN-MMS (unaudited)
      Investasi Tidak Langsung melalui                                                                                   Indirect investment through
        PT Bakrie Pangripta Loka                                                                                         PT Bakrie Pangripta Loka
          KSO PP - BPL (tidak diaudit)          272.384            272.090                     -              (71)      KSO PP - BPL (unaudited)



   Investasi pada KSO PP-BPL                                                           Investment in KSO PP-BPL

   Pada tanggal 31 Desember 2023 dan 2022, investasi                                   As of December 31, 2023 and 2022, the
   Grup pada KSO PP-BPL, melalui PT Bakrie Pangripta                                   Group investment in KSO PP-BPL, through
   Loka (BPL), Entitas Anak, tidak dapat mengakui                                      PT Bakrie Pangripta Loka (BPL), a Subsidiary
   bagian atas laba rugi sesuai dengan metode ekuitas                                  cannot recognized its share in profit or loss
   karena laporan keuangan KSO PP-BPL yang telah                                       according to the equity method because the audited
   diaudit tidak tersedia.                                                             financial statements of KSO PP-BPL are not
                                                                                       available.

   Selanjutnya, sampai dengan tanggal penyelesaian                                     Furthermore, until the completion date of these
   laporan keuangan konsolidasian ini, BPL dan ventura                                 consolidated financial statements, BPL and its joint
   bersama,     Perum      Perumnas,    belum    dapat                                 venture, Perum Perumnas, have not been able to
   memperkirakan hasil akhir dari operasi bersama                                      predict the final outcome of their joint operation
   tersebut (Catatan 43d).                                                             (Note 43d).

   Sehubungan dengan ketidakpastian mengenai                                           Due to uncertainty regarding the continuation of an
   kelanjutan perjanjian dan ketidaktersediaan laporan                                 agreement, and that the audited financial statements
   keuangan KSO PP-BPL yang telah diaudit, maka                                        of KSO-PP-BPL are not available, the management
   manajemen       melakukan      penelaahan      atas                                 conducted a review on the recoverability of its
   terpulihkannya investasi tersebut. Pada tanggal                                     investment. As of December 31, 2023 and 2022, the
   31 Desember 2023 dan 2022, Grup membentuk                                           Group provided a full valuation allowance of its
   penyisihan penilaian penuh atas investasinya                                        investment mainly due to recurring losses incurred
   terutama karena adanya kerugian berulang yang                                       by KSO PP-BPL in previous years which significantly
   dialami KSO PP-BPL pada tahun-tahun sebelumnya                                      affected operations.
   yang secara signifikan memengaruhi operasi.

   Manajemen Grup berkeyakinan bahwa cadangan                                          The Group's management believes that the
   kerugian penurunan nilai atas investasi pada ventura                                allowance for impairment losses on investments in
   bersama    telah  memadai        berdasarkan   hasil                                joint ventures is adequate based on its review at the
   penelaahan pada akhir tahun.                                                        end of the year.




                                                                          74
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PT BAKRIELAND DEVELOPMENT Tbk                                  PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                               AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                  FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                 FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                      DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan             (Expressed in millions of Rupiah, unless otherwise
lain)                                                          stated)

19. UTANG BANK JANGKA PENDEK                                   19. SHORT-TERM BANK LOANS

                                                  2023             2022
    Dalam Rupiah                                                                                           In Rupiah
       PT Bank Mayapada                                                                       PT Bank Mayapada
          Internasional Tbk                       318.931          394.631                      Internasional Tbk
       PT Bank KB Bukopin Tbk                       9.589            9.589               PT Bank KB Bukopin Tbk

    Dalam Dolar Amerika Serikat                                                                In United States Dollar
       PT Bank Rakyat Indonesia                                                         PT Bank Rakyat Indonesia
          (Persero) Tbk                                                                             (Persero) Tbk
          (US$1.073.644 pada tahun                                                              (US$1,073,644 in
              2023 dan 2022)                       16.551            16.889                   2023 and 2022)
    Total                                         345.071          421.109                                         Total


   a. PT Bank       Mayapada      Internasional    Tbk             a. PT Bank Mayapada             Internasional     Tbk
      (Mayapada)                                                      (Mayapada)

      Rincian pinjaman ke Mayapada adalah sebagai                     The detail of loans to Mayapada is as follows:
      berikut:

                                                   2023              2022
       PT Mutiara Masyhur                                                                        PT Mutiara Masyhur
          Sejahtera                                249.153           324.847                            Sejahtera
       PT Bakrie Swasakti Utama                     69.778            69.784                PT Bakrie Swasakti Utama
       Total                                       318.931           394.631                                       Total


      Pada tanggal 7 April 2016, PT Mutiara Masyhur                   On April 7, 2016, PT Mutiara Masyhur Sejahtera
      Sejahtera (MMS), Entitas Anak, memperoleh                       (MMS), a Subsidiary, obtained a working capital
      fasilitas pinjaman modal kerja dari Mayapada                    loan facility from Mayapada with a maximum
      dengan jumlah maksimum sebesar Rp326 miliar,                    amount of Rp326 billion, which consisted of:
      yang terdiri dari:
      1. Fasilitas pinjaman tetap on demand sebesar                   1. Fixed on demand loan facility of Rp300 billion;
         Rp300 miliar; dan                                               and
      2. Fasilitas pinjaman rekening koran sebesar                    2. Current account loan facility of Rp26 billion.
         Rp26 miliar.

      Pinjaman tersebut dijamin dengan Sertifikat Hak                 The loan was collateralized by the Building Right
      Guna Bangunan (SHGB) seluas 553.896 m2 yang                     of Use Certificate (SHGB) with an area of
      terletak di kecamatan Sukodono, Krian dan                       553,896 m2 which is located in the sub district of
      Wonoayu.                                                        Sukodono, Krian and Wonoayu.

      Fasilitas pinjaman ini telah beberapa kali                      This loan facility has been restructured several
      direstrukturisasi,  terakhir     pada     tanggal               times, the latest being on April 28, 2022, with an
      28 April 2022, dengan tingkat suku bunga sebesar                annual interest rate of 10% and was to be due on
      10% per tahun dan jatuh tempo pada tanggal                      April 18, 2023. Until the completion date of the
      18 April 2023. Sampai dengan tanggal                            consolidated financial statement, this loan facility
      penyelesaian laporan keuangan konsolidasian ini,                is still in the process of extension.
      fasilitas pinjaman ini masih dalam proses
      perpanjangan.

      Pada     tanggal    29   Januari 2014, BSU                      On January 29, 2014, BSU entered into
      menandatangani adendum fasilitas pinjaman                       addendum to the loan facility for its working
      untuk modal kerja BSU dari Mayapada, dengan                     capital from Mayapada, with details as follows:
      rincian sebagai berikut:



                                                          75
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PT BAKRIELAND DEVELOPMENT Tbk                                    PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                 AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                    FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                   FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                        DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan               (Expressed in millions of Rupiah, unless otherwise
lain)                                                            stated)

19. UTANG BANK JANGKA PENDEK (Lanjutan)                          19. SHORT-TERM BANK LOANS (Continued)

      1. Fasilitas pinjaman tetap on demand sebesar                     1. Fixed on demand loan facility amounted to
         Rp375 miliar; dan                                                 Rp375 billion; and
      2. Fasilitas pinjaman rekening koran sebesar                      2. Current account loan facility amounted to
         Rp20 miliar;                                                      Rp20 billion;

      Pinjaman tersebut dijamin dengan            SHGB                  The loan was secured by a land certificate
      No. 527/Karet Kuningan seluas 7.501 m2.                           (SHGB) No. 527/Karet Kuningan with an area of
                                                                        7,501 m2.

      Pinjaman ini telah diperpanjang terakhir pada                     This loan has been extended, with the latest on
      tanggal 13 Maret 2023, fasilitas pinjaman ini telah               March 13, 2023, whereby the loan facility has
      diperpanjang selama 12 bulan terhitung sampai                     been extended for another 12 months up
      dengan 29 Januari 2024. Fasilitas pinjaman                        January 29, 2024 This loan facility bears an
      tersebut dikenai tingkat suku bunga 11% per                       interest rate of 11% per annum. As of the
      tahun. Sampai dengan tanggal penyelesaian                         completion date of the consolidated financial
      laporan keuangan konsolidasian ini, fasilitas                     statements, this loan facility is still in the process
      pinjaman ini masih dalam proses perpanjangan.                     of extension.

      Sehubungan       dengan     pinjaman   ini,  BSU                  In relation to these loans, BSU remains obligated
      diwajibkan memenuhi persyaratan tertentu, antara                  to fulfill certain requirements, among others, BSU
      lain, BSU dilarang untuk melakukan hal-hal berikut                is restricted from doing the following without prior
      tanpa persetujuan tertulis dari Mayapada:                         written approval from Mayapada:
      1. Perubahan anggaran dasar, susunan direksi                      1. Amendment in articles of association, the
         dan komisaris serta susunan pemegang saham                          composition of the board of directors and
         Perusahaan;                                                         commissioners, also the composition of
                                                                             shareholders of the Company;
      2. Penyertaan saham atau investasi pada                           2. Investments in shares or investments in
         perusahaan lain;                                                    other companies;
      3. Melakukan pembagian dividen;                                   3. Dividend payments;
      4. Penggadaian saham kepada pihak lain;                           4. Mortgage the stock to other parties;
      5. Menjaminkan barang yang menjadi jaminan                        5. Guarantee the goods pledged as collateral to
         kepada pihak lain;                                                  other parties;
      6. Penggadaian saham kepada pihak lain;                            6. Mortgage the stock to other parties;
      7. Menjaminkan barang yang menjadi jaminan                         7. Guarantee the goods pledged as collateral to
         kepada pihak lain;                                                  other parties;
      8. Pembubaran dan penghentian usaha; dan                           8. Dissolution and suspension of operations;
                                                                             and
      9. Penggabungan usaha, akuisisi, konsolidasi                       9. Merger,       acquisition,  consolidation   and
         dan pemisahan dengan perusahaan lain.                              separation with other companies.

   b. PT Bank KB Bukopin Tbk (Bukopin)                               b. PT Bank KB Bukopin Tbk (Bukopin)

      Pada tanggal 1 Juni 2009, PT Bakrie Swasakti                      On June 1, 2009, PT Bakrie Swasakti Utama
      Utama (BSU), Entitas Anak, memperoleh Fasilitas                   (BSU), a Subsidiary, obtained a Back-To-Back
      Kredit Back-To-Back dari PT Bank KB Bukopin                       Loan Facility from PT Bank KB Bukopin Tbk
      Tbk (Bukopin) dengan pagu pinjaman sebesar                        (Bukopin) with a maximum amount of
      Rp15 miliar untuk penyelesaian pembangunan                        Rp15 billion for completion of the Bakrie Tower
      gedung Bakrie Tower di kawasan Rasuna                             building in Rasuna Epicentrum Complex.
      Epicentrum.

      Pinjaman ini dijaminkan dengan deposito milik                     This loan was secured with a time deposit owned
      Perusahaan sebesar Rp10,07 miliar (Catatan 11).                   by the Company amounted to Rp10.07 billion
                                                                        (Note 11).




                                                            76
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PT BAKRIELAND DEVELOPMENT Tbk                                   PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                  FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                       DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan              (Expressed in millions of Rupiah, unless otherwise
lain)                                                           stated)

19. UTANG BANK JANGKA PENDEK (Lanjutan)                         19. SHORT-TERM BANK LOANS (Continued)

      Perjanjian kredit ini telah diperpanjang beberapa                The loan facility agreement has been extended
      kali, terakhir sampai dengan tanggal 2 Maret 2024                several times, with the latest due on
      (Catatan 48a). Fasilitas pinjaman tersebut dikenai               March 2, 2024 (Note 48a). The loan facility bears
      tingkat suku bunga 1,5% per tahun di atas suku                   an interest rate of 1.5% per annum above the
      bunga deposito yang dijaminkan dan biaya provisi                 guaranteed deposit interest rate and a provision
      sebesar 0,125% dari plafond dibayar dimuka                       fee of 0.125% of the ceiling prepaid all at once.
      sekaligus.

   c. PT Bank Rakyat Indonesia (Persero) Tbk (BRI)                  c. PT Bank Rakyat Indonesia (Persero) Tbk
                                                                       (BRI)

      Pada tanggal 25 Juni 2012, BSU memperoleh                        On June 25, 2012, BSU obtained a loan facility
      fasilitas kredit dari PT Bank Rakyat Indonesia                   from PT Bank Rakyat Indonesia (Persero) Tbk
      (Persero) Tbk (BRI) dengan pagu pinjaman                         (BRI)    with    a   maximum       amount      of
      sebesar US$1,07 juta untuk tambahan modal                        US$1.07 million for additional working capital of
      kerja usaha pembangunan proyek properti BSU.                     BSU’s property project development business.
      Pinjaman ini dijamin dengan deposito berjangka                   This loan was secured with time deposits owned
      milik Perusahaan di BRI sebesar US$1,08 juta                     by the Company at BRI amounted to
      (Catatan 11).                                                    US$1.08 million (Note 11).

      Perjanjian kredit ini telah diperpanjang beberapa                The loan facility agreement has been extended
      kali,   terakhir   diperpanjang    pada    tanggal               several times, with the latest on March 24, 2023
      28 Maret 2023 dengan tingkat suku bunga                          with an annual interest rate of 1.70% and was to
      sebesar 1,70% per tahun dan jatuh tempo pada                     be due on March 24, 2024 (Note 48a).
      tanggal 24 Maret 2024 (Catatan 48a).

   Pada tanggal 31 Desember 2023 dan 2022,                          As of December 31, 2023 and 2022, the Group’s
   manajemen Grup berkeyakinan telah memenuhi                       management believes that it has met all the
   semua persyaratan kredit yang ditentukan dalam                   requirements specified in the agreements.
   perjanjian.

   Pembayaran utang bank jangka pendek Grup pada                    The Group's payments for short-term bank loans in
   tahun 2023 dan 2022 masing-masing sebesar                        2023 and 2022 amounting to Rp75.70 billion and
   Rp75,70 miliar dan Rp309,73 miliar merupakan                     Rp309.73 billion, respectively pertains to loans given
   pinjaman yang diberikan oleh Mayapada ke BSU.                    by Mayapada to BSU.


20. PEMBIAYAAN MUSYARAKAH DAN PINJAMAN                          20. SHORT-TERM MUSYARAKAH FINANCING AND
    DARI PIHAK SELAIN BANK JANGKA PENDEK                            NON-BANK LOAN

                                              2023                   2022
                                                                                             Short-term musyarakah
    Pembiayaan musyarakah                                                                              financing
    PT Bank DKI Syariah                           9.550                       -                 PT Bank DKI Syariah
    PT Bank BJB Syariah                             300                     300                 PT Bank BJB Syariah
    Subtotal                                      9.850                     300                               Subtotal

    Pinjaman dari pihak selain
       bank                                                                                          Non-bank loan
    PT Alami Fintek Sharia                        2.000                       -                PT Alami Fintek Sharia
    Total                                        11.850                     300                                  Total




                                                           77
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PT BAKRIELAND DEVELOPMENT Tbk                                  PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                               AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                  FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                 FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                      DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan             (Expressed in millions of Rupiah, unless otherwise
lain)                                                          stated)

20. PEMBIAYAAN MUSYARAKAH DAN PINJAMAN                         20. SHORT-TERM MUSYARAKAH FINANCING AND
    DARI PIHAK SELAIN BANK JANGKA PENDEK                           NON-BANK LOAN (Continued)
    (Lanjutan)

   a. PT Bank Jabar Banten Syariah (BJB Syariah)                    a. PT Bank Jabar Banten Syariah (BJB Syariah)

      Pada       tanggal   29     November      2022,                 On November 29, 2022, PT Bakrie Pangripta
      PT Bakrie Pangripta Loka (BPL) memperoleh                       Loka (BPL) obtained working capital in the form
      fasilitas Pembiayaan Musyarakah modal kerja dari                of a Musyarakah facility from BJB Syariah with a
      BJB Syariah dengan pagu sebesar Rp300 juta                      maximum amount of Rp300 million which was
      yang digunakan untuk keperluan modal kerja.                     used for working capital purposes. This facility
      Fasilitas ini akan jatuh tempo pada tanggal                     will be due on November 29, 2023 and the
      29 November 2023 dan hasil porsi bank sebesar                   bank’s portion yields 5.25%. This loan was
      5,25%. Pinjaman ini dijamin dengan deposito                     secured by a time deposit of Rp300 million.
      berjangka sebesar Rp 300 juta.

      Fasilitas pembiayaan ini telah diperpanjang pada                This  facility has been   extended on
      tanggal 14 Desember 2023 dan jatuh tempo pada                   December 14, 2023 and will be due on
      tanggal 25 Desember 2024.                                       December 25, 2024.

   b. PT Bank DKI Syariah (DKI Syariah)                             b. PT Bank DKI Syariah (DKI Syariah)

      Pada tanggal 29 Agustus 2023, PT Provices                       On August 29, 2023, PT Provices Indonesia
      Indonesia (PVI) memperoleh fasilitas Pembiayaan                 (PVI) obtained working capital in the form of a
      Musyarakah modal kerja dari DKI Syariah dengan                  Musyarakah facility from DKI Syariah with a
      pagu sebesar Rp9,55 miliar yang digunakan untuk                 maximum amount of Rp9.55 billion which was
      keperluan modal kerja. Fasilitas ini akan jatuh                 used for working capital purposes. This facility
      tempo pada tanggal 29 Agustus 2024. Nisbah                      will be due on August 29, 2024. The profit
      bagi hasil porsi bank ditentukan pada saat                      sharing ratio for the bank portion is determined at
      pencairan atau penarikan pembiayaan sesuai                      the time of disbursement or withdrawal of
      Surat Pemberitahuan Indikasi Nilai Keuntungan.                  financing in accordance with the Profit Value
      Pinjaman ini dijamin dengan tagihan dan potensi                 Indication Notification Letter. This loan was
      tagihan atas proyek yang dibiayai dan unit tempat               secured by receivables and potential receivables
      usaha yang berlokasi di Rasuna Office Park                      of the financed project and business premises
      seluas 270,26 m2.                                               unit located in Rasuna Office Park covering an
                                                                      area of 270.26 m2.

   c. PT Alami Fintek Sharia (Alami)                                c. PT Alami Fintek Sharia (Alami)

      Pada tanggal 30 Januari 2023, PVI memperoleh                    On January 30, 2023, PVI obtained a financing
      fasilitas pembiayaan dari Alami dengan pagu                     facility in the form of musyarakah facility from
      sebesar Rp2 miliar yang digunakan untuk                         Alami with a maximum amount of Rp2 billion
      keperluan modal kerja. Fasilitas ini akan jatuh                 which was used for working capital purposes.
      tempo pada tanggal 30 Januari 2024 dengan                       This facility would be due on January 30, 2024.
      biaya ujrah sebesar 1,5% pada saat penarikan.                   With an ujrah fee of 1.5% upon withdrawal. This
      Fasilitas pembiayaan ini dijamin dengan tagihan                 financing facility was secured by receivables and
      dan potensi tagihan atas proyek yang dibiayai.                  potential receivables of the financed project.

   Pada tanggal 31 Desember 2023 dan 2022,                         As of December 31, 2023 and 2022, the Group’s
   manajemen Grup berkeyakinan telah memenuhi                      management believes that it has met all the credit
   semua persyaratan kredit yang ditentukan dalam                  requirements specified in the agreements.
   perjanjian.

   Pembayaran pembiayaan musyarakah jangka pendek                  The Group's payments for short-term musyarakah
   Grup pada tahun 2023 dan 2022 masing-masing                     financing in 2023 and 2022 amounting to
   sebesar Rp300 juta dan nihil merupakan pinjaman                 Rp300 million and nil, respectively, pertains to loans
   yang diberikan oleh BJB Syariah ke BPL.                         from BJB Syariah to BPL.




                                                          78
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PT BAKRIELAND DEVELOPMENT Tbk                                PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                             AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                               FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                    DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan           (Expressed in millions of Rupiah, unless otherwise
lain)                                                        stated)

21. UTANG USAHA                                              21. TRADE PAYABLES

                                             2023                2022
    Pihak ketiga:                                                                                      Third parties
    PT Yasa Patria Perkasa                     42.500              42.500                    PT Yasa Patria Perkasa
    PT PP (Persero) Tbk                         8.940               8.940                      PT PP (Persero) Tbk
    Lain-lain (masing-masing                                                                     Others (each below
        di bawah Rp2 miliar)                   64.011              65.808                         of Rp2 billion)
    Total                                     115.451            117.248                                       Total


   Rincian utang usaha berdasarkan umur utang adalah             The summary of aging schedule of trade payables is
   sebagai berikut:                                              as follows:

                                              2023               2022
    Sampai dengan 60 hari                      25.107              16.886                              Up to 60 days
    61 hari sampai 90 hari                      3.587              11.710                         61 days to 90 days
    Lebih dari 90 hari                         86.757              88.652                         More than 90 days
    Total                                     115.451             117.248                                      Total


   Seluruh utang usaha Grup dalam denominasi mata                All of the Group’s trade payables are denominated in
   uang Rupiah.                                                  Rupiah currency.


22. UTANG LAIN-LAIN                                          22. OTHER PAYABLES

   a. Liabilitas Jangka Pendek                                   a. Short-Term Liabilities

                                                2023               2022
       Pihak ketiga                                                                                      Third parties
       Arch Advisory Limited                     33.502              38.157                     Arch Advisory Limited
       PT Anam Tujuh                             17.880              54.400                           PT Anam Tujuh
       Nomura Singapore Ltd.                          -              56.223                    Nomura Singapore Ltd.
       Lain-lain (masing-masing                                                                   Others (each below
           di bawah Rp4 miliar)                 141.194             121.653                         of Rp4 billion)
       Total                                    192.576             270.433                                     Total


   b. Liabilitas Jangka Panjang                                  b. Long-Term Liabilities

                                                2023               2022
       Pihak ketiga                                                                                      Third parties
       PT Lumbung Teknologi                                                                    PT Lumbung Teknologi
           Envirotama                            69.700              55.000                            Envirotama
       Lain-lain (masing-masing                                                                   Others (each below
           di bawah Rp4 miliar)                      8.481              5.619                       of Rp4 billion)
       Total                                     78.181              60.619                                     Total




                                                       79
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PT BAKRIELAND DEVELOPMENT Tbk                                    PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                 AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                    FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                   FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                        DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan               (Expressed in millions of Rupiah, unless otherwise
lain)                                                            stated)

22. UTANG LAIN-LAIN (Lanjutan)                                   22. OTHER PAYABLES (Continued)

   Rincian utang lain-lain berdasarkan mata uang adalah              The detail of other payables based on currencies
   sebagai berikut:                                                  denominated is as follows:

                                                 2023               2022
    Rupiah                                        237.255            234.570                                 Rupiah
    Dolar Amerika Serikat                          33.502             96.482                     United States Dollar
    Total                                         270.757            331.052                                   Total


   Nomura Singapore Ltd                                              Nomura Singapore Ltd

   Utang lain-lain kepada Nomura Singapore Ltd.                      Other payables to Nomura Singapore Ltd.
   merupakan utang Perusahaan yang berasal dari                      represents payables of the Company which were
   pengalihan       kewajiban        pembayaran      dari            derived from the transfer of payment obligations
   PT Bakrie Infrastructure, Entitas Anak, ke Perusahaan             from PT Bakrie Infrastructure, a Subsidiary, to the
   sehubungan dengan divestasi PT Bakrie Toll Road.                  Company in connection with the divestment of
                                                                     PT Bakrie Toll Road.

   PT Anam Tujuh                                                     PT Anam Tujuh

   Pada tanggal 4 Oktober 2022, PT Graha Andrasentra                 On October 4, 2022, PT Graha Andrasentra
   Propertindo Tbk (GAP), Entitas Anak, dan                          Propertindo Tbk (GAP), a Subsidiary, and
   PT Anam Tujuh (AT) telah menandatangani                           PT Anam Tujuh (AT) entered into Acknowledgement
   Perjanjian Penegasan dan Pengakuan Utang di mana                  of Debt Agreement, whereby GAP has received
   GAP telah menerima pembayaran uang muka                           payment of advances of land purchase from AT
   pembelian tanah dari AT sebesar Rp54,40 miliar                    amounting to Rp54.40 billion during 2016 until 2017
   untuk tahun 2016 sampai dengan 2017 dan AT telah                  and AT canceled the land purchase plan.
   membatalkan rencana pembelian tanah tersebut.

   Pada    tanggal   20   November      2023,  GAP,                  On November 20, 2023, GAP, AT, and
   AT dan PT Maju Sukses Nusajaya (MSN)                              PT Maju Sukses Nusajaya (MSN) signed a Transfer
   menandatangani Perjanjian Pengalihan Piutang                      of Receivables Agreement (Cessie) wherein
   (Cessie) di mana AT mengalihkan sebagian piutang                  AT transferred portion of its receivables from GAP
   dari GAP sebesar Rp36.52 miliar kepada MSN.                       amounting to Rp36.52 billion to MSN.

   Arch Advisory Limited                                             Arch Advisory Limited

   Utang lain-lain kepada Arch Advisory Limited                      Other payables to Arch Advisory Limited represents
   merupakan utang Perusahaan yang berasal dari jasa                 payables of the Company which were derived from
   dan penggantian biaya atas restrukturisasi utang                  services and reimbursement costs related to the
   obligasi BLD Investments Pte. Ltd., Entitas Anak.                 bond restructuring of BLD Investment Pte. Ltd., a
                                                                     Subsidiary.

   PT Lumbung Teknologi Envirotama                                   PT Lumbung Teknologi Envirotama

   Pada     tanggal     23   September   2022,   GAP,                On September 23, 2022, GAP signed a loan
   menandatangani perjanjian pinjaman dana modal                     agreement for working capital from PT Lumbung
   kerja dengan PT Lumbung Teknologi Envirotama                      Teknologi Envirotama (LTE) with a maximum
   (LTE) dengan pagu sebesar Rp200 miliar. Pinjaman                  amount of Rp200 billion. This payable bears an
   ini dikenai tingkat suku bunga tahunan sebesar 10%                annual interest rate of 10% and will be due on
   dan jatuh tempo pada tanggal 23 September 2024.                   September 23, 2024. The loan is used for the GAP’s
   Pinjaman dipergunakan untuk modal kerja GAP.                      working capital.

   Pada tanggal 31 Desember 2023, total dana sudah                   As of December 31, 2023 and 2022, total funds
   diterima   dari    LTE    masing-masing sebesar                   received from LTE amounted to Rp69.7 billion and
   Rp69,7 miliar dan Rp55 miliar.                                    Rp55 billion, respectively.




                                                            80
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PT BAKRIELAND DEVELOPMENT Tbk                               PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                            AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                               NOTES TO CONSOLIDATED
KONSOLIDASIAN                                               FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                              FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                   DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan          (Expressed in millions of Rupiah, unless otherwise
lain)                                                       stated)

23. BEBAN MASIH HARUS DIBAYAR DAN PROVISI                   23. ACCRUED EXPENSES AND PROVISION

                                              2023              2022
    Beban masih harus dibayar                                                                   Accrued expense
    Taksiran biaya fasilitas umum                                                      Estimated public and social
        dan sosial                            275.120            276.368                    facilities expenses
    Pengembangan tanah,                                                             Development of land, buildings
        bangunan dan prasarana                 91.066            106.883                     and infrastructure
    Bunga pinjaman                             34.487             30.324                               Loan interest
    Pajak dan denda pajak                       3.721              3.771                          Tax and penalties
    Kontraktor                                  2.428                  -                                 Contractor
    Lain-lain (masing-masing                                                                   Others (each below
        di bawah Rp2 miliar)                   70.079             75.059                          of Rp2 billion)
    Subtotal                                  476.901            492.405                                    Subtotal

    Provisi                                                                                              Provision
    Provisi (Catatan 47)                       81.311                   -                       Provision (Note 47)
    Total                                     558.212            492.405                                       Total


   Pengembangan tanah, bangunan dan prasarana yang              Accrued     land,    buildings  and    infrastructure
   masih    harus    dibayar  masing-masing     pada            development in 2023 and 2022 represents estimated
   tahun 2023 dan 2022, merupakan estimasi dari                 costs for the project development of PT Mutiara
   pengembangan proyek PT Mutiara Masyhur                       Masyhur Sejahtera for Kahuripan Nirwana Sidoarjo,
   Sejahtera atas Kahuripan Nirwana Sidoarjo,                   PT Graha Andrasentra Propertindo Tbk for
   PT Graha Andrasentra Propertindo Tbk atas                    residential estate in Bogor Nirwana Residence and
   Perumahan Bogor Nirwana Residence dan PT Bakrie              PT Bakrie Nirwana Realty for residential estate Bumi
   Nirwana Realty atas Perumahan Bumi Tirta Pakuan.             Tirta Pakuan.


24. UANG MUKA PELANGGAN                                     24. ADVANCES FROM CUSTOMERS

                                              2023              2022
    Pihak ketiga                                                                                        Third parties
    Penjualan tanah, rumah                                                            Sales of land, residential and
       dan apartemen                          308.481            323.367                               apartment
    Penyewaan dan pengelolaan                                                          Tenants and managements
       ruang perkantoran                       18.005             16.966                        of office spaces
    Penyewa ruangan dan                                                                      Tenants of space and
       lapangan                                15.287             14.109                                   courts
    Penyewa ruang apartemen                     6.386              7.133               Tenants of units apartment
    Total pihak ketiga                        348.159            361.575                          Total third parties
    Pihak berelasi (Catatan 38e)                                                        Related parties (Note 38e)
    Penyewaan dan pengelolaan                                                          Tenants and managements
       ruang perkantoran                       17.786             29.635                      of office spaces
    Total                                     365.945            391.210                                       Total
    Dikurangi bagian yang direalisasi
       dalam satu tahun                       294.382            291.010              Less realized within one year
    Bagian jangka panjang                      71.563            100.200                       Long-term portion


   Seluruh uang muka pelanggan Grup dalam mata                  All of the Group’s advances from customers are
   uang Rupiah.                                                 denominated in Rupiah currency.




                                                       81
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PT BAKRIELAND DEVELOPMENT Tbk                                   PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                  FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                       DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan              (Expressed in millions of Rupiah, unless otherwise
lain)                                                           stated)

24. UANG MUKA PELANGGAN (Lanjutan)                              24. ADVANCES FROM CUSTOMERS (Continued)

   Pada tanggal 31 Desember 2023 dan 2022, uang                     As of December 31, 2023 and 2022, advances from
   muka pelanggan terutama atas penjualan tanah,                    customers mainly consisted sales of land, residential
   rumah dan apartemen termasuk di dalamnya liabilitas              and apartment including contract liabilities pertain to
   kontrak merupakan uang muka penjualan tanah dan                  advances for the sales of land and buildings of the
   bangunan Grup yang diterima dari pelanggan yang                  Group received from customers whose obligation
   kewajibannya belum terpenuhi.                                    have not been satisfied.


25. PENDAPATAN DITANGGUHKAN                                     25. DEFERRED INCOME

                                               2023                 2022
    Pihak ketiga                                                                                          Third parties
    Penyewa ruangan, lapangan                                                                Tenants of space, courts
       dan iuran keanggotaan                     10.622                9.145                and membership fees
    Penyewaan dan pengelolaan                                                              Tenants and managements
       ruang perkantoran                              42                   42                     of office spaces
    Total pihak ketiga                           10.664                9.187                          Total third parties
    Pihak berelasi (Catatan 38f)                                                            Related parties (Note 38f)
    Penyewaan dan pengelolaan                                                              Tenants and managements
       ruang perkantoran                          5.855               4.142                       of office spaces
    Total                                        16.519              13.329                                        Total
    Dikurangi bagian yang direalisasi
       dalam satu tahun                           9.160                7.625              Less realized within one year
    Bagian jangka panjang                         7.359                5.704                       Long-term portion


   Pendapatan ditangguhkan terutama merupakan                       Deferred income mainly consists of excess cash
   selisih lebih antara uang yang diterima dengan                   received over the income recognized.
   pengakuan pendapatan.


26. PERPAJAKAN                                                  26. TAXATION

   a. Pajak dibayar dimuka                                          a. Prepaid tax

      Pada tanggal 31 Desember 2023 dan 2022, Pajak                    As of December 31, 2023 and 2022, prepaid final
      Penghasilan Final dibayar dimuka masing-masing                   tax amounted to Rp16.58 million and nil,
      sebesar Rp16,58 juta dan nihil.                                  respectively.

   b. Utang pajak                                                   b. Taxes payable

                                                 2023                 2022
       Pajak penghasilan:                                                                                   Income taxes:
          Pasal 21                                 50.783               61.209                               Article 21
          Pasal 23 dan 26                           2.667                2.346                     Articles 23 and 26
          Pasal 25                                    141                  197                               Article 25
          Pasal 29                                  9.932                8.878                               Article 29
          Pasal 4 (2)                              70.269               78.688                            Article 4 (2)
       Pajak Pertambahan Nilai                     89.955               82.964                          Value Added Tax
       Pajak Bumi Bangunan                         73.601               77.394                     Land and Building Tax
       Pajak Pembangunan I                          6.102               10.370                        Development Tax I
       Surat Ketetapan Pajak                                                                         Under Payment Tax
          Kurang Bayar                                3.131                4.611                   Assessment Letter
       Pajak Hiburan                                     49                    -                       Entertainment Tax
       Total                                      306.630              326.657                                       Total


                                                           82
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PT BAKRIELAND DEVELOPMENT Tbk                                  PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                               AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                  FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                 FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                      DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan             (Expressed in millions of Rupiah, unless otherwise
lain)                                                          stated)

26. PERPAJAKAN (Lanjutan)                                      26. TAXATION (Continued)

   c. Beban pajak final                                            c. Final income tax

      Akun ini merupakan pajak penghasilan final atas                 This account represents final income tax on
      penjualan tanah dan bangunan, dan persewaan                     sales of land and buildings, and rental from
      dari Entitas Anak masing-masing sebesar                         Subsidiaries amounting to Rp16.02 billion and
      Rp16,02 miliar dan Rp10,33 miliar pada tanggal                  Rp10.33 billion as of December 31, 2023 and
      31 Desember 2023 dan 2022.                                      2022, respectively.

   d. Taksiran manfaat (beban) pajak penghasilan                   d. Provision for income tax benefit (expenses)

                                                2023               2022
       Tahun berjalan - Entitas Anak               (8.750)           (6.550)             Current Year - Subsidiaries
       Tangguhan - Entitas Anak                     3.433             1.940                  Deferred - Subsidiaries
       Neto                                        (5.317)           (4.610)                                       Net


   e. Rekonsiliasi  pajak        penghasilan     badan             e. Reconciliation of the consolidated corporate
      konsolidasian                                                   income tax

      Rekonsiliasi antara rugi sebelum manfaat (beban)                A reconciliation between loss before income tax
      pajak seperti yang disajikan dalam laporan laba                 benefit (expense) as shown in the consolidated
      rugi   dan    penghasilan     komprehensif   lain               statements of profit or loss and other
      konsolidasian dengan taksiran rugi fiskal                       comprehensive income and the estimated fiscal
      Perusahaan untuk yang berakhir pada tanggal-                    loss of the Company for the years ended
      tanggal 31 Desember 2023 dan 2022 adalah                        December 31, 2023 and 2022 is as follows:
      sebagai berikut:

                                                2023               2022
       Rugi sebelum beban pajak                                                                        Loss before for
           penghasilan menurut laporan                                                 income tax expense per
           laba rugi dan penghasilan                                                 consolidated statements of
           komprehensif lain                                                              profit or loss and other
           konsolidasian                       (1.117.240)         (785.009)            comprehensive income
       Ditambah:                                                                                             Addition:
           Laba Entitas Anak                                                                        Subsidiaries’ profit
               sebelum taksiran manfaat                                                  before provision for tax
               (beban) pajak - neto            1.138.880          1.023.172             benefit (expenses) - net
                                                                                                          Profit before
       Laba Perusahaan                                                                  provision for tax benefit
          sebelum taksiran manfaat                                                       (expenses) attributable
          (beban) pajak                           21.640           238.163                        to the Company
       Beda tetap:                                                                          Permanent differences:
          Pajak dan denda                          2.337                 -                       Tax and penalty
          Gaji, upah dan tunjangan                 1.093            12.191       Salaries, wages and allowance
          Representasi dan                                                                  Representation and
              sumbangan                                39                 12                       donations
          Penghasilan bunga yang                                                      Interest income subjected
              pajaknya bersifat final               (565)              (323)                      to final tax
          Lain-lain                               18.032           (104.524)                               Others
       Total beda tetap                           20.936            (92.644)             Total permanent differences




                                                          83
Page 362
PT BAKRIELAND DEVELOPMENT Tbk                                              PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                           AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                              NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                              FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                             FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                                  DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                         (Expressed in millions of Rupiah, unless otherwise
lain)                                                                      stated)

26. PERPAJAKAN (Lanjutan)                                                  26. TAXATION (Continued)

                                                           2023                2022
       Taksiran penghasilan kena                                                                               Estimated taxable profit
          pajak (rugi fiskal) sebelum                                                                             (fiscal loss) before
          kompensasi rugi fiskal                                                                          fiscal loss compensation
          tahun sebelumnya                                   42.576             145.519                        of the previous year
       Akumulasi rugi fiskal tahun                                                                           Accumulated fiscal loss of
          sebelumnya                                       (267.551)           (460.909)                           the previous year
       Rugi fiskal kedaluwarsa                               27.509              47.839                                Expired fiscal loss
       Akumulasi rugi fiskal                                                                                Accumulated fiscal loss
          akhir tahun                                     (197.466)            (267.551)                      at the end of the year


      Dalam laporan keuangan konsolidasian ini, jumlah                             In this consolidated financial statements, the
      taksiran rugi fiskal pada tahun 2023 seperti yang                            amount of estimated fiscal loss in 2023 as
      disajikan di atas akan dilaporkan oleh Perusahaan                            presented above will be reported by the
      dalam Surat       Pemberitahuan (SPT) Tahunan                                Company in its Annual Income Tax Return (SPT)
      Pajak Penghasilan kepada Kantor Pelayanan                                    to the Tax Office.
      Pajak.

   f. Pajak tangguhan                                                          f. Deferred tax

      Perhitungan manfaat pajak tangguhan Grup                                     Calculation of deferred tax benefits of the Group
      untuk tahun yang berakhir pada tanggal                                       for the years ended December 31, 2023 and
      31 Desember 2023 dan 2022 adalah sebagai                                     2022 is as follows:
      berikut:

                                                                       2023
                                                                            Dikreditkan ke
                                                                             Penghasilan
                                                           Dikreditkan      Komprehensif
                                                          (Dibebankan)           Lain/
                                           Pada Awal      ke Laba Rugi/      Credited to     Pada Akhir
                                             Tahun/         Credited            Other          Tahun/
                                         At Beginning     (Charged) to     Comprehensive     At End of
                                             of Year      Profit or Loss       Income           Year
       Aset Pajak Tangguhan                                                                                           Subsidiaries Deferred
       Entitas Anak                                                                                                               Tax Assets
        PT Bakrie Swasakti Utama                                                                                  PT Bakrie Swasakti Utama
             (konsolidasian)                   21.815             3.205               632        25.652                     (consolidated)
        PT Jasa Boga Raya                         159                20                 -           179                PT Jasa Boga Raya
       Total aset pajak tangguhan              21.974             3.225               632        25.831               Total deferred tax assets

       Liabilitas Pajak Tangguhan                                                                                      Subsidiaries Deferred
       Entitas Anak                                                                                                              Tax Liabilities
       Liabilitas pajak tangguhan atas                                                                            Deferred tax liabilities on fair
         penyesuaian nilai wajar                                                                                value adjustment acquisition
         akuisisi Entitas Anak                    669                  -                -           669                       of a Subsidiary
       Entitas Anak:                                                                                                               Subsidiaries:
         PT Bakrie Swasakti                                                                                         PT Bakrie Swasakti Utama
              Utama (konsolidasian)            35.757              (208)                -        35.549                        (consolidated)
       Total liabilitas pajak                                                                                                Total deferred tax
        tangguhan                              36.426              (208)                -        36.218                              liabilities
       Aset (liabilitas) pajak                                                                                             Deferred tax assets
        tangguhan - neto                       (14.452)           3.433               632        (10.387)                   (liabilities) - net




                                                                     84
Page 363
PT BAKRIELAND DEVELOPMENT Tbk                                              PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                           AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                              NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                              FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                             FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                                  DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                         (Expressed in millions of Rupiah, unless otherwise
lain)                                                                      stated)

26. PERPAJAKAN (Lanjutan)                                                  26. TAXATION (Continued)

                                                                       2022
                                                                            Dikreditkan ke
                                                                             Penghasilan
                                                           Dikreditkan      Komprehensif
                                                          (Dibebankan)           Lain/
                                           Pada Awal      ke Laba Rugi/      Credited to     Pada Akhir
                                             Tahun/         Credited            Other          Tahun/
                                         At Beginning     (Charged) to     Comprehensive     At End of
                                             of Year      Profit or Loss       Income           Year
       Aset Pajak Tangguhan                                                                                         Subsidiaries Deferred
       Entitas Anak                                                                                                             Tax Assets
        PT Bakrie Swasakti Utama                                                                                PT Bakrie Swasakti Utama
             (konsolidasian)                   18.122             2.620            1.073          21.815                  (consolidated)
        PT Jasa Boga Raya                         151                 8                -             159             PT Jasa Boga Raya
       Total aset pajak tangguhan              18.273             2.628            1.073          21.974            Total deferred tax assets

       Liabilitas Pajak Tangguhan                                                                                    Subsidiaries Deferred
       Entitas Anak                                                                                                            Tax Liabilities
       Liabilitas pajak tangguhan atas                                                                          Deferred tax liabilities on fair
         penyesuaian nilai wajar                                                                              value adjustment acquisition
         akuisisi Entitas Anak                    669                 -                 -           669                     of a Subsidiary
       Entitas Anak:                                                                                                             Subsidiaries:
         PT Bakrie Swasakti                                                                                       PT Bakrie Swasakti Utama
              Utama (konsolidasian)            35.550               207                 -         35.757                     (consolidated)
         PT Graha Andrasentra                                                                                         PT Graha Andrasentra
              Propertindo Tbk                                                                                              Propertindo Tbk
              (konsolidasian)                  22.203           (22.203)                -                 -                  (consolidated)
       Total liabilitas pajak                                                                                              Total deferred tax
        tangguhan                              58.422           (21.996)                -        36.426                            liabilities
       Aset (liabilitas) pajak                                                                                           Deferred tax assets
        tangguhan - neto                       (40.149)          24.624            1.073         (14.452)                 (liabilities) - net


      Grup tidak mengakui aset pajak tangguhan yang                                 The Group does not recognize deferred tax
      berasal dari rugi fiskal, karena sebagian besar                               assets resulting from tax losses, due to most of
      pendapatan Grup dikenakan pajak final dan                                     the Group is income is subject to final tax, and
      Entitas Anak      yang pendapatannya tidak                                    for the Subsidiaries whose income is not subject
      dikenakan pajak final, manajemen berpendapat                                  to final tax, management believes that there is
      bahwa terdapat ketidakpastian Entitas Anak                                    uncertainty on the Subsidiaries for having
      dalam memperoleh laba kena pajak yang                                         taxable profit which enables the utilization of the
      memungkinkan       pemanfaatan     aset   pajak                               deferred tax assets from the tax losses.
      tangguhan dari rugi fiskal.

   g. Surat Ketetapan Pajak Kurang Bayar                                        g. Under Payment Tax Assessment Letter

      Pada tanggal 31 Desember 2023 dan 2022, Surat                                 On December 31, 2023 and 2022, Tax
      Ketetapan Pajak Kurang Bayar (SKPKB) dan                                      Underpayment Assessment Letter (SKPKB) and
      Surat Tagihan Pajak (STP) terkait beberapa jenis                              Tax Invoice Letter (STP) were issued regarding
      pajak beserta dengan sanksi pajak yang harus                                  several types of taxes, along with the tax
      dibayar oleh Grup, terutama milik Perusahaan dan                              penalties to be paid by the Group, mainly those
      BSU.                                                                          of the Company and BSU.

      Pada tanggal 31 Desember 2023 dan 2022, saldo                                 As of December 31, 2023 and 2022, the
      utang pajak SKPKB masing-masing sebesar                                       outstanding balance of SKPKB tax payables
      Rp1,73 miliar dan Rp4,61 miliar.                                              amounted to Rp1.73 billion and Rp4.61 billion,
                                                                                    respectively.

      Pada tanggal 31 Desember 2023 dan 2022,                                       As of December 31, 2023 and 2022, accrued
      sanksi denda dan bunga pajak masih harus                                      taxes penalties and interest on SKPKB are
      dibayar atas SKPKB disajikan sebagai bagian dari                              presented as part of “Accrued Expenses”
      akun “Beban Masih Harus Dibayar” dalam laporan                                accounts in the consolidated statement of
      posisi keuangan konsolidasian (Catatan 23).                                   financial position (Note 23).




                                                                      85
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PT BAKRIELAND DEVELOPMENT Tbk                                   PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                  FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                       DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan              (Expressed in millions of Rupiah, unless otherwise
lain)                                                           stated)

26. PERPAJAKAN (Lanjutan)                                       26. TAXATION (Continued)

   h. Tarif Pajak                                                   h. Tax Rates

      Pendapatan Grup dari pengalihan hak atas tanah                     Revenue of the Group from the transfer of rights
      dan/atau bangunan dikenakan pajak final sebesar                    on land and/or buildings is subject to final tax of
      5% sampai dengan 7 September 2016 dan                              5% until September 7, 2016 and thereafter at
      setelah itu sebesar 2,5%, sedangkan pendapatan                     2.5%, while revenue from the lease is subject to
      dari sewa dikenakan pajak final sebesar 10%.                       final tax of 10%.


      Untuk pendapatan Grup yang tidak terkena pajak                     Revenue of the Group which is not subject to
      final, dikenakan tarif sebesar 22% atas jumlah                     final tax, is taxed 22% on the amount of its
      penghasilan kena pajak.                                            taxable income.

      Berdasarkan Peraturan Pemerintah Pengganti                         Pursuant to Government Regulation in Lieu of
      Undang-Undang Republik Indonesia No. 1 Tahun                       Law of the Republic of Indonesia No. 1 Year
      2020 tanggal 31 Maret 2020 dan telah ditetapkan                    2020 dated March 31, 2020 and has been
      menjadi Undang-Undang No. 2 Tahun 2020.                            established as Law No. 2 Year 2020.The
      Kebijakan     di  bidang  Perpajakan     berupa                    Taxation Policy in the form of an adjustment of
      penyesuaian tarif pajak penghasilan badan                          corporate income tax rate become 22% which
      menjadi sebesar 22% yang berlaku pada tahun                        applies commencing in the fiscal years 2020 and
      pajak 2020 dan 2021, dan sebesar 20% yang                          2021, and 20% applicable commencing from the
      berlaku mulai tahun pajak 2022. Wajib pajak                        fiscal year 2022. Domestic taxpayers in the form
      dalam negeri yang berbentuk perseroan terbuka                      of public listed companies with the number of
      dengan jumlah saham yang diperdagangkan pada                       shares traded on the Indonesian stock exchange
      bursa efek di Indonesia minimal 40%, dapat                         of at least 40%, can obtain a lower rate of 3% of
      memperoleh tarif lebih rendah 3% dari tarif                        the aforementioned rate.
      tersebut di atas.

      Pada tanggal 29 Oktober 2021, Pemerintah                           On October 29, 2021, the Government issued
      menerbitkan UU No. 7 Tahun 2021 tentang                            Law No. 7 of 2021 on the Harmonization of Tax
      Harmonisasi Peraturan Perpajakan, yang di                          Regulations, which stipulates that the corporate
      dalamnya menetapkan tarif pajak penghasilan                        income tax rate for 2022 is 22%, wherein the
      badan untuk tahun 2022 adalah sebesar 22%, di                      Government canceled the previous regulation,
      mana    Pemerintah   membatalkan    peraturan                      Law No. 2 of 2020 which stated that the
      sebelumnya yaitu UU No. 2 Tahun 2020 yang                          corporate income tax rate is 20%.
      menyebutkan tarif pajak penghasilan badan
      sebesar 20%.

   i. Administrasi                                                  i.   Administration

      Di bawah Undang-Undang Perpajakan yang                             Under the taxation laws of Indonesia, companies
      berlaku di Indonesia, perusahaan menyerahkan                       submit tax returns on the basis of self-
      SPT berdasarkan penilaian sendiri.                                 assessment.


      Berdasarkan       Undang-undang        Perpajakan                  Based on Taxation Law No. 28/2007 concerning
      No. 28/2007 mengenai Ketentuan Umum dan Tata                       the General Provision and Procedure of
      Cara Perpajakan, DJP dapat menetapkan dan                          Taxation, DGT may assess or amend the tax
      mengubah liabilitas pajak tersebut dalam batas                     liability within five (5) years from the time the tax
      waktu lima (5) tahun sejak saat terutangnya pajak.                 becomes due.




                                                           86
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PT BAKRIELAND DEVELOPMENT Tbk                                  PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                               AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                  FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                 FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                      DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan             (Expressed in millions of Rupiah, unless otherwise
lain)                                                          stated)

27. UTANG BANK JANGKA PANJANG                                  27. LONG-TERM BANK LOANS

                                                 2023               2022
    PT Bank Tabungan Negara                                                                PT Bank Tabungan Negara
       (Persero) Tbk                             125.768            133.886                          (Persero)Tbk
    PT Bank KB Bukopin Tbk                       106.743            117.911                 PT Bank KB Bukopin Tbk
    PT BPR Intidana Sukses Makmur                 19.067                  -           PT BPR Intidana Sukses Makmur
    PT Bank Panin Tbk                                833              1.108                        PT Bank Panin Tbk
    PT Bank Seabank Indonesia                          -              4.448               PT Bank Seabank Indonesia
    Total                                        252.411            257.353                                       Total
    Dikurangi bagian yang tempo
       dalam waktu satu tahun                     62.271             55.753                         Less current portion
    Bagian jangka panjang                        190.140            201.600                         Long-term portion


   a. PT Bank Tabungan Negara (Persero) Tbk (BTN)                  a. PT Bank Tabungan Negara (Persero) Tbk
                                                                      (BTN)

      Rincian pinjaman kepada BTN adalah sebagai                      The detail of loan to BTN is as follows:
      berikut:

                                                 2023               2022
       PT Bumi Daya Makmur                         90.250            93.250                      PT Bumi Daya Makmur
       PT Graha Multi Insani                       35.518            40.636                       PT Graha Multi Insani
       Total                                     125.768            133.886                                        Total


      1. Pada       tanggal     22     April      2013,               1. On April 22, 2013, PT Bumi Daya Makmur
         PT Bumi Daya Makmur (BDM), Entitas Anak,                        (BDM), a Subsidiary, obtained a Construction
         memperoleh fasilitas Kredit Konstruksi dari                     Credit facility from BTN with a credit ceiling
         BTN dengan jumlah maksimum sebesar                              amounted to Rp175 billion. The loan was
         Rp175 miliar. Pinjaman tersebut ditujukan                       intended for the construction of 324 units of
         untuk pembangunan kondotel Ocea sebanyak                        Ocea condotel with a loan period for 4 years.
         324 unit dengan jangka waktu pinjaman                           This loan bears an annual interest rate of
         selama 4 tahun. Pinjaman ini dikenai tingkat                    13.50%. This loan was secured with SHGB
         suku bunga sebesar 13,50% per tahun.                            No. 327 under the name of BDM, a
         Pinjaman ini dijamin dengan kepemilikan                         Subsidiary, with an area of 11,052 m2,
         SHGB No. 327 atas nama BDM, Entitas Anak,                       corporate guarantee from the Company,
         seluas 11.052 m2, corporate guarantee dari                      standing instructions signed by authorized
         Perusahaan, standing instructions yang                          parties and cessie of receivables from BDM, a
         ditandatangani oleh pihak yang sah dan cessie                   Subsidiary, related to all Ocea condotel
         atas piutang BDM, Entitas Anak, terkait semua                   projects.
         proyek kondotel Ocea.

         Fasilitas pinjaman ini telah beberapa kali                        This loan agreement has been restructured
         direstrukturisasi,   terakhir    pada  tanggal                    several times, the latest on August 22, 2022,
         22 Agustus 2022 dan akan jatuh tempo pada                         will be due on December 24, 2027.
         tanggal 24 Desember 2027.
         Restrukturisasi pinjaman dari BTN, antara lain                    Restructuring approval from BTN, among
         sebagai berikut:                                                  others, are as follows:
         a) Perpanjangan jangka waktu pinjaman                             a) Extension      of    the loan term to
             menjadi      sampai       dengan   tanggal                       December 24, 2027;
             24 Desember 2027;
         b) Kewajiban          pembayaran        bunga                     b) Interest payment is deferred at 90% and
             ditangguhkan sebesar 90% dan tetap                               remains payable at 6% for 12 months and
             dibayarkan sebesar 6% selama 12 bulan                            can be reviewed every 6 months with
             dan dapat dilakukan review setiap 6 bulan                        consideration of the debtor's business
             dengan melihat kondisi usaha debitur;                            condition;

                                                          87
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PT BAKRIELAND DEVELOPMENT Tbk                                     PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                  AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                     FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                    FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                         DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                (Expressed in millions of Rupiah, unless otherwise
lain)                                                             stated)

27. UTANG BANK JANGKA PANJANG (Lanjutan)                          27. LONG-TERM BANK LOANS (Continued)

         c) Seluruh tunggakan bunga yang ada dan                              c) All existing interest arrears and deferred
            bunga yang ditangguhkan dibayarkan pada                              interest are paid upon the change of
            saat perubahan jadwal pembayaran pokok                               principal payment schedule.
            pinjaman.

      2. Pada      tanggal      16     Januari     2013,                 2. On January 16, 2013, PT Graha Multi Insani
         PT Graha Multi Insani (GMI), Entitas Anak,                         (GMI), a Subsidiary, obtained a Credit
         memperoleh fasilitas Kredit Konstruksi dari                        Construction facility from BTN with a credit
         BTN dengan jumlah maksimum sebesar                                 ceiling of Rp70 billion. This loan bears an
         Rp70 miliar. Pinjaman ini dikenai tingkat suku                     annual interest rate of 13.50%. The maturity
         bunga tahunan sebesar 13,50%. Jatuh tempo                          of this loan was on January 16, 2016
         pinjaman ini adalah tanggal 16 Januari 2016                        (36 months). This loan was secured with
         (36 bulan). Pinjaman ini dijamin dengan SHGB                       SHGB No. 90/Mantrijeron with an area of
         No. 90/Mantrijeron seluas 8.761 m2 yang                            8,761 m2 located at Mantrijeron, Yogyakarta
         berlokasi di Mantrijeron, Yogyakarta atas nama                     owned by GMI, a Subsidiary, and cessie of
         GMI, Entitas Anak, dan cessie atas piutang                         trade receivables associated with Awana
         usaha terkait proyek Awana Kondotel dan                            Condotel and Town House Yogyakarta
         Town House Yogyakarta.                                             project.

         Fasilitas pinjaman ini telah beberapa kali                           This loan agreement has been restructured
         direstrukturisasi, terakhir pada   tanggal                           several times, the latest on April 21, 2022,
         21 April 2022 dan akan jatuh tempo pada                              and will be due on December 16, 2025.
         tanggal 16 Desember 2025.

   b. PT Bank KB Bukopin Tbk (Bukopin)                                b. PT Bank KB Bukopin Tbk (Bukopin)

      Rincian pinjaman kepada Bukopin adalah sebagai                     The detail of loan to Bukopin is as follows:
      berikut:

                                                   2023                2022
       PT Graha Andrasentra                                                                         PT Graha Andrasentra
          Propertindo Tbk                           101.287            105.979                         Propertindo Tbk
       PT Bakrie Swasakti Utama                       5.456             11.932                   PT Bakrie Swasakti Utama
       Total                                        106.743            117.911                                          Total


      1. Pada      tanggal      31       Maret       2016,               1. On March 31, 2016, PT Graha Andrasentra
         PT Graha Andrasentra Propertindo Tbk (GAP),                        Propertindo Tbk (GAP), a Subsidiary obtained
         Entitas, Anak, memperoleh fasilitas kredit                         an investment credit facility (Credit Facility I)
         investasi (Fasilitas Kredit I) yang akan                           from Bukopin that was used for refinancing
         digunakan     untuk     pembiayaan       kembali                   The Jungle Water Park Bogor with a credit
         The Jungle Waterpark Bogor dari Bukopin                            ceiling amounting to Rp45 billion. This credit
         dengan jumlah pagu pinjaman sebesar                                facility bears an annual interest rate of 13%
         Rp45 miliar. Fasilitas kredit ini dikenai tingkat                  and was due on March 31, 2021. This loan is
         bunga tahunan sebesar 13% dan jatuh tempo                          secured with 12 SHGB of land and building
         pada tanggal 31 Maret 2021. Pinjaman ini                           with a total area of 68,998 m2 and 50
         dijaminkan dengan 12 SHGB atas tanah dan                           Certificate of Property Rights on Apartments
         bangunan seluas 68.998 m2 dan 50 Sertifikat                        (SHMARS) of Condotel Tower D Aston Bogor
         Hak Milik Atas Satuan Rumah Susun                                  Hotel and Resort.
         (SHMARS) atas unit kondotel Aston Bogor
         Hotel dan Resort Tower D.




                                                             88
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PT BAKRIELAND DEVELOPMENT Tbk                                     PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                  AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                     FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                    FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                         DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                (Expressed in millions of Rupiah, unless otherwise
lain)                                                             stated)

27. UTANG BANK JANGKA PANJANG (Lanjutan)                          27. LONG-TERM BANK LOANS (Continued)

      2. Pada tanggal 16 Mei 2013, GAP memperoleh                        2. On May 16, 2013, GAP obtained an
         fasilitas kredit investasi (Fasilitas Kredit II)                   investment credit facility (Credit Facility II)
         untuk pengembangan kawasan Bogor Nirwana                           from Bukopin amounting to Rp75 billion,
         Residence dari Bukopin sebesar Rp75 miliar.                        which was used for the development of Bogor
         Fasilitas kredit ini akan jatuh tempo pada bulan                   Nirwana Residence area. This credit facility
         Juni 2020 dan dikenai tingkat suku bunga                           was to be due in June 2020 and bears an
         tahunan sebesar 11%. Pinjaman ini dijaminkan                       annual interest rate of 11%. This loan is
         dengan 12 SHGB atas tanah dan bangunan                             secured with 12 SHGB of land and building
         seluas 68.998 m2 dan 50 Sertifikat Hak Milik                       with an area of 68,998 m2 and 50 Certificate
         Atas Satuan Rumah Susun (SHMARS) atas                              of Property Rights on Apartments (SHMARS)
         unit kondotel Aston Bogor Hotel dan Resort                         of Condotel Tower D Aston Bogor Hotel and
         Tower D.                                                           Resort.

      Fasilitas kredit di atas telah direstrukturisasi                   The above credit facilities have been
      beberapa kali, yang terakhir pada tanggal                          restructured several times, the latest being on
      5 Juli 2021, di mana GAP memperoleh                                July 5, 2021, wherein the GAP obtained an
      persetujuan restrukturisasi atas seluruh fasilitas                 approval for the restructuring of all credit facilities
      kredit dari Bukopin berdasarkan surat persetujuan                  from Bukopin based on the Restructuring of
      Restrukturisasi       Fasilitas     Kredit     untuk               Credit Facilities the approval letter to obtain an
      mendapatkan          perpanjangan       pembayaran                 extension of installment payments to be paid by
      angsuran yang harus dibayar oleh Perusahaan                        the Company as follows:
      sebagai berikut:
      - Jatuh tempo pinjaman telah diperpanjang                          -   Loan maturity date has been extended to
         menjadi 31 Desember 2025 untuk Fasilitas                            December 31, 2025 for Credit Facilities I and
         Kredit I dan II.                                                    II.
      - Tingkat suku bunga tahunan adalah 12,5%.                         -   Annual interest rate is 12.5%.
      - Dijaminkan dengan 6 SHGB atas tanah dan                          -   Secured with 6 SHGB of land and building
         gedung seluas 39.233 m2.                                            covering an area of 39,233 m2.
      - Pembayaran kewajiban untuk enam (6) bulan                        -   Payment of obligation for the first six (6)
         pertama dibayarkan sebesar 1% p.a. eff                              months is paid at 1% p.a. eff (obligation
         (kewajiban sebesar Rp100 juta).                                     amounting to Rp100 million).
      - Terhadap sisa kewajiban enam (6) bulan                           -   The remaining obligation for the first six (6)
         pertama tersebut ditangguhkan dan mulai                             months is deferred and will begin the payment
         dibayarkan pada bulan ketiga belas (13) sejak                       from the thirteenth (13th) month since the
         restrukturisasi sampai dengan fasilitas kredit                      restructuring until the credit facility is paid off
         lunas     secara      prorata   (sesuai    jadwal                   on a prorated basis (according to the
         pembayaran kembali).                                                repayment schedule).
      - Bunga dan denda yang ditangguhkan                                -   Deferred interest and penalties from the
         terbentuk       restruktur    kredit    terdahulu                   previous loan restructuring is paid from the
         dibayarkan pada bulan ketiga belas (13) sejak                       thirteenth (13th) month since the restructuring
         restrukturisasi sampai dengan fasilitas kredit                      until the credit facility is paid off on a prorated
         lunas     secara      prorata   (sesuai    jadwal                   basis (according to the repayment schedule).
         pembayaran kembali).

      Berdasarkan perjanjian kredit dengan Bukopin,                      According to the loan agreement with Bukopin, if
      selama fasilitas kredit belum dilunasi, GAP                        the credit is not yet fully paid, GAP is restricted
      dibatasi untuk melakukan hal-hal tersebut                          from performing the following items without prior
      di bawah ini tanpa persetujuan tertulis dari                       written approval from Bukopin:
      Bukopin:
      1. Memberikan pinjaman kepada anggota Grup                         1. Provide loans to other members GAP Group
          GAP yang lain atau kepada pihak lain yang                         or to other parties that are not related with the
          tidak berkaitan dengan bidang usaha GAP.                          GAP’s business line.
      2. Melakukan pembayaran/pelunasan pinjaman                         2. Pay off/settle any loan to shareholders.
          kepada pemegang saham.
      3. Melakukan overdraft dan cross selling.                          3. Perform overdraft and cross selling.
      4. Melakukan perubahan komposisi pemegang                          4. Perform   changes      to   composition          of
          saham.                                                            shareholders.




                                                             89
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PT BAKRIELAND DEVELOPMENT Tbk                                     PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                  AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                     FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                    FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                         DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                (Expressed in millions of Rupiah, unless otherwise
lain)                                                             stated)

27. UTANG BANK JANGKA PANJANG (Lanjutan)                          27. LONG-TERM BANK LOANS (Continued)

      Selain ketentuan di atas, GAP juga diwajibkan                      In addition to the conditions above, GAP is also
      untuk mematuhi ketentuan berikut, antara lain                      required to comply with the following conditions,
      menjaga rasio agunan sebesar 125% dari sisa                        including maintain a collateral ratio of 125% of
      pinjaman terutang.                                                 the remaining outstanding loan.

      Pada tanggal 20 April 2022, GAP kembali                            On April 20, 2022, GAP re-obtained an approval
      mendapatkan           Persetujuan          adendum                 for the addendum on the restructuring of all
      restrukturisasi atas seluruh fasilitas kredit dari                 credit facilities from Bukopin based on the
      Bukopin      berdasarkan       surat     persetujuan               approval letter for the Restructuring of Credit
      Restrukturisasi     Fasilitas     Kredit     dengan                Facilities by obtaining an adjustment to the
      mendapatkan penyesuaian perubahan angsuran                         changes in installments to be paid by the GAP
      yang harus dibayar GAP dengan ketentuan                            with the following conditions:
      sebagai berikut:
      - Pembayaran kewajiban selama dua belas (12)                       -   Payment of obligations for twelve (12) months
         bulan dibayarkan adalah 6% (enam persen)                            is paid at 6% (six percent) p.a eff (the
         p.a eff (sisanya sebesar 6.5% (enam koma                            remaining 6.5% (six point five percent) p.a eff
         lima       persen)        p.a      eff      akan                    will be deferred) with obligations (principal
         ditangguhkan/deferred) dengan kewajiban                             and interest) according to the repayment
         (pokok dan bunga) sesuai repayment schedule                         schedule for the first twelve (12) months after
         selama dua belas (12) bulan pertama sejak                           the restructuring.
         dilakukan restruktur.
      - Untuk       pembayaran        kewajiban      bulan               -   For the payment of obligations in April 2022,
         April 2022, kewajiban (pokok dan bunga) yang                        obligations (principal and interest) paid
         dibayarkan sesuai repayment schedule,                               according to the repayment schedule, the
         sisanya akan dibayarkan secara prorata                              remaining will be paid on a prorated basis
         selama      sebelas     (11)    bulan     dengan                    over eleven (11) months by adding to each
         ditambahkan ke masing-masing kewajiban                              subsequent obligation (May 2022 to
         berikutnya (Mei 2022 s.d Maret 2023) sesuai                         March 2023) according to the repayment
         repayment schedule.                                                 schedule.
      - Bulan ketiga belas (13) sampai dengan                            -   The thirteenth (13th) month until the
         pelunasan pembayaran suku bunga kembali                             repayment of the interest rates returns to
         normal atau sebesar 12,5% (dua belas koma                           normal or 12.5% (twelve point five percent)
         lima persen) eff. p.a.                                              eff. p.a.
      - Bunga deferred pada              saat restruktur                 -   Deferred interest at the time of previous
         sebelumnya tunggakan bunga dan denda serta                          restructuring of interest arrears and penalties
         bunga deferred restruktur saat ini mulai                            as well as deferred interest on the current
         dibayarkan pada bulan kedua puluh lima (25)                         restructuring will begin to be paid on the
         sampai dengan akhir periode/jatuh tempo                             twenty-fifth (25th) month until the end of the
         (secara prorata/proporsional).                                      period/maturity (prorated/proportional).

      3. Pada bulan Juli 2014, BSU, Entitas Anak,                        3. In July, 2014, BSU, a Subsidiary, obtained an
         memperoleh fasilitas pinjaman kredit investasi                     investment credit loan facility from Bukopin
         dari Bukopin dengan jumlah maksimum                                with a maximum amount of Rp45 billion. This
         sebesar Rp45 miliar. Fasilitas pinjaman ini                        loan facility bears an annual interest rate of
         dikenai tingkat suku bunga sebesar 14% per                         14% and will be due within 60 months. This
         tahun, dan akan jatuh tempo selama 60 bulan.                       loan was secured by the Certificate of
         Pinjaman ini dijamin dengan Sertifikat Hak                         Property Rights on Apartments (SHMARS)
         Milik Atas Satuan Rumah Susun (SHMARS)                             owned by BSU of 79 condotel units with a
         atas nama BSU untuk 79 unit condotel dengan                        total area of 6,398 m2 and two (2) units of
         jumlah luasan 6.398 m2 dan dua (2) unit ruang                      office space in Bakrie Tower with a total area
         kantor di Bakrie Tower dengan jumlah luasan                        of 2,860.7 m2. BSU has withdrawn all the
         2.860,7 m2. BSU telah mencairkan seluruh                           available     credit facility  amounted      to
         fasilitas pinjaman yang tersedia sebesar                           Rp45 billion.
         Rp45 miliar.

         Sehubungan dengan pinjaman tersebut di atas,                        In relation to the above loans, BSU is obliged
         BSU diwajibkan memenuhi persyaratan                                 to fulfill certain requirements, which, among
         tertentu, antara lain:                                              others are:
         1. Menyesuaikan posisi utang PT Superwish                           1. Adjusting the payables of PT Superwish
             Perkasa (SP) dengan posisi outstanding                              Perkasa (SP) to the latest outstanding
             utang terakhir setelah dilakukan pelunasan                          payables after partial repayment and
             sebagian dan tercatat di dalam laporan                              carried in BSU’s financial statement as of
             keuangan BSU per September 2014;                                    September 2014;


                                                             90
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PT BAKRIELAND DEVELOPMENT Tbk                                     PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                  AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                     FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                    FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                         DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                (Expressed in millions of Rupiah, unless otherwise
lain)                                                             stated)

27. UTANG BANK JANGKA PANJANG (Lanjutan)                          27. LONG-TERM BANK LOANS (Continued)

         2. Menyerahkan letter of comfort dari                              2. Submitting a letter of comfort from the
            Perusahaan, pemegang saham, yang isinya                            Company, the shareholder, which stated if
            apabila terjadi cashflow negatif maka                              there is negative cash flow, the Company
            Perusahaan wajib memenuhi seluruh                                  has to fulfill all of the obligation to Bukopin;
            kewajiban kepada Bukopin;
         3. Menyerahkan laporan performance Aston                           3. Providing a Performance Report of Aston
            Rasuna Hotel Epicentrum Jakarta yang                               Rasuna Hotel Epicentrum Jakarta that
            mencantumkan occupancy ratio, average                              contains the occupancy ratio, average
            room rate dan laba rugi setiap bulannya;                           room rates and profit or loss every month;
         4. Menyerahkan laporan performance atas                            4. Providing performance report of office
            space kantor (Bakrie Tower lantai 41-42,                           space (Bakrie Tower floors 41-42, Wisma
            Gedung Wisma Bakrie 1 dan Gedung                                   Bakrie 1 and Wisma Bakrie 2) that
            Wisma Bakrie 2) yang meliputi laporan                              includes the occupancy report, rental price
            occupancy dan harga sewa serta service                             and service charge as well as list of
            charge beserta daftar tenant;                                      tenants;
         5. Menyerahkan laporan performance atas                            5. Providing performance reports on Plaza
            operasional Plaza Festival yang meliputi                           Festival operations covering occupancy
            laporan occupancy ratio, dan harga sewa                            ratio reports, and rental price and service
            serta service charge beserta daftar tenant;                        charge along with a tenant list;
         6. Jaminan diasuransikan Property All Risk                         6. The guarantee is insured of Property All
            (PAR) dengan banker’s clause Bukopin                               Risk (PAR) with banker’s clause of
            pada asuransi rekanan Bukopin dan ditutup                          Bukopin by Bukopin’s insurance partner
            melalui PT Bina Dana Sejahtera;                                    and closed through PT Bina Dana
                                                                               Sejahtera;
         7. Menjaga rasio jaminan minimal 1:1,25 dari                       7. Maintaining the minimum guarantee ratio
            nilai likuidasi jaminan.                                           of 1:1.25 of the guarantee liquidation
                                                                               value.
         Perjanjian ini telah diperbaharui terakhir pada                    This agreement has been amended, the latest
         tanggal 28 Juli 2021, BSU memperoleh surat                         on July 28, 2021, BSU obtained a letter of
         persetujuan restrukturisasi fasilitas kredit dari                  approval for the restructuring of credit facilities
         Bukopin mengenai perubahan jatuh tempo                             from Bukopin regarding the change in loan
         pada tanggal 31 Maret 2025, perubahan tingkat                      maturity to March 31, 2025, change of interest
         suku bunga menjadi 12% per tahun serta                             rate to 12% p.a., and change of principal and
         perubahan jadwal pembayaran pokok dan                              interest payment schedule. Interest and
         bunga. Bunga dan denda atas restrukturisasi                        penalties from the previous restructuring loan
         yang terdahulu dibayarkan pada bulan ke-19                         are paid in the 19th month since the
         sejak restrukturisasi sampai dengan fasilitas                      restructuring until the credit facility is paid off
         kredit lunas secara prorata.                                       on a prorated basis.
      4. Pada tanggal 29 Juli 2015, BSU, Entitas Anak,                   4. On July 29, 2015, BSU, a Subsidiary,
         memperoleh fasilitas pinjaman kredit investasi                     obtained an investment credit facility from
         dari Bukopin dengan jumlah maksimum                                Bukopin with credit ceiling amounted to
         sebesar Rp30 miliar. Fasilitas pinjaman ini                        Rp30 billion. This loan facility bears an annual
         dikenai tingkat suku bunga sebesar 14% per                         interest rate of 14% and will be due within
         tahun, dan akan jatuh tempo selama 72 bulan.                       72 months. This loan was secured with
         Pinjaman ini dijamin dengan Sertifikat Hak Milik                   Certificate of Property Rights on Apartments
         Atas Satuan Rumah Susun (SHMASRS) atas                             (SHMASRS) under the name of BSU for
         nama BSU untuk 49 unit condotel dengan                             49 units condotel with a total area of
         jumlah luasan 4.219 m2 dan 2 unit ruang                            4,219 m2 and 2 units office space with a total
         kantor di Bakrie Tower dengan jumlah luasan                        area of 2,860.7 m2. BSU has withdrawn all the
         2.860,7 m2. BSU telah mencairkan seluruh                           available credit facility amounted to Rp30
         fasilitas pinjaman yang tersedia sebesar                           billion.
         Rp30 miliar.
         Sehubungan dengan pinjaman tersebut di atas,                       In relation to the above loans, BSU is obliged
         BSU diwajibkan memenuhi persyaratan                                to fulfill certain requirements, which, among
         tertentu, antara lain:                                             others are:
         1. Menyesuaikan posisi utang PT Bumi Daya                          1. Adjusting the payables of PT Bumi Daya
             Makmur (BDM) harus disesuaikan dengan                              Makmur (BDM) to the latest outstanding of
             posisi outstanding utang terakhir setelah                          payables after partial payment and carried
             dilakukan pelunasan sebagian dan tercatat                          in BSU’s financial statement as of
             di dalam laporan keuangan BSU pada                                 September 30, 2015;
             tanggal 30 September 2015;

                                                             91
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PT BAKRIELAND DEVELOPMENT Tbk                                     PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                  AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                     FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                    FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                         DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                (Expressed in millions of Rupiah, unless otherwise
lain)                                                             stated)

27. UTANG BANK JANGKA PANJANG (Lanjutan)                          27. LONG-TERM BANK LOANS (Continued)

         2. Menyerahkan letter of comfort dari                              2. Submitting a letter of comfort from the
            Perusahaan, yang isinya apabila terjadi                            Company, which stated if there is negative
            cash flows negatif maka Perusahaan wajib                           cash flows, the Company has to fulfill all of
            memenuhi seluruh kewajiban kepada                                  the obligations to Bukopin;
            Bukopin;
         3. Menyerahkan laporan performance Aston                           3. Provide a Performance Report of Aston
            Rasuna Hotel Epicentrum Jakarta yang                               Rasuna Hotel Epicentrum Jakarta that
            mencantumkan occupancy ratio, average                              contains occupancy ratio, average room
            room rate dan laba rugi setiap bulannya;                           rates and profit or loss every month;
         4. Menyerahkan laporan performance atas                            4. Provide performance report of office space
            space kantor (Bakrie Tower lantai 41-42,                           (Bakrie Tower floor 41-42, Wisma Bakrie 1
            Gedung Wisma Bakrie 1 dan Gedung                                   and Wisma Bakrie 2) that includes
            Wisma Bakrie 2) yang meliputi laporan                              occupancy report, rental price and service
            occupancy dan harga sewa serta service                             charge as well as list of tenants;
            charge beserta daftar tenant;
         5. Menyerahkan laporan performance atas                            5. Providing performance reports on Plaza
            operasional Plaza Festival yang meliputi                           Festival operations covering occupancy
            laporan occupancy ratio, dan harga sewa                            ratio report, and rental price and service
            serta service charge beserta daftar tenant;                        charge along with a tenant list;
         6. Jaminan diasuransikan Property All Risk                         6. The guarantee is insured by Property All
            (PAR) dengan banker’s clause Bukopin                               Risk (PAR) with banker’s clause of
            pada asuransi rekanan Bukopin dan ditutup                          Bukopin by Bukopin’s insurance partner
            melalui PT Bina Dana Sejahtera;                                    and closed through PT Bina Dana
                                                                               Sejahtera;
         7. Menjaga rasio jaminan minimal 1:1,25 dari                       7. Maintaining the minimum guarantee ratio
            nilai likuidasi jaminan.                                           of 1:1.25 of the guarantee liquidation
                                                                               value.

         Perjanjian ini telah diperbaharui terakhir pada                    This agreement has been amended, the latest
         tanggal 28 Juli 2021, BSU memperoleh surat                         on July 28, 2021, BSU obtained a letter of
         persetujuan restrukturisasi fasilitas kredit dari                  approval for the restructuring of credit facilities
         Bukopin mengenai perubahan jatuh tempo                             from Bukopin regarding the change in
         pada tanggal 31 Maret 2025, perubahan tingkat                      maturity to March 31, 2025, change of interest
         suku bunga menjadi 12% per tahun serta                             rate to 12% p.a. and change of principal and
         perubahan jadwal pembayaran pokok dan                              interest payment schedule. Interest and
         bunga. Bunga dan denda atas restrukturisasi                        penalties from the previous restructuring loan
         yang terdahulu dibayarkan pada bulan ke-19                         are paid in the 19th month since the
         sejak restrukturisasi sampai dengan fasilitas                      restructuring until the credit facility is paid off
         kredit lunas secara prorata.                                       on a prorated basis.

   c. PT Bank Seabank Indonesia (Seabank)                             c. PT Bank Seabank Indonesia (Seabank)

      Pada bulan Mei 2018, PVI, Entitas Anak,                            In May 2018, PVI, a Subsidiary, obtained a
      memperoleh fasilitas pinjaman modal kerja                          working capital loan facility from Seabank with a
      dari Seabank dengan pagu pinjaman sebesar                          maximum amount of Rp20 billion and bears an
      Rp20 miliar dan tingkat suku bunga sebesar 14%                     annual interest rate of 14% and will be due on
      per tahun serta akan jatuh tempo pada tanggal                      May 28, 2023. This loan was used for refinancing
      28 Mei 2023. Pinjaman ini digunakan untuk                          two (2) office units in Bakrie Tower Building,
      keperluan refinancing dua (2) unit kantor di                       Rasuna Epicentrum Complex.
      Gedung Bakrie Tower Kawasan Rasuna
      Epicentrum.

      Pinjaman ini telah diamendemen terakhir pada                       This loan has been amended, the latest was on
      tanggal 23 Juli 2020, mengenai perubahan jadwal                    July 23, 2020 regarding changes in bank loan
      pembayaran utang bank dan akan jatuh tempo                         repayment schedule and will be due on
      pada tanggal 30 November 2023.                                     November 30, 2023.

      Pinjaman ini dijamin dengan Sertifikat Hak Milik                   This loan is secured by Certificate of Property
      atas Satuan Rumah Susun (SHMASRS) yang                             Rights on Apartments (SHMASRS) located in
      berlokasi di Karet Kuningan seluas 596,15 m2                       Karet Kuningan, covering an area of 596.15 m2
      yang diikat dengan Hak Tanggungan sebesar                          which is bound by Mortgage Rights to
      Rp27 miliar.                                                       Rp27 billion.


                                                             92
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PT BAKRIELAND DEVELOPMENT Tbk                                    PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                 AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                    FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                   FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                        DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan               (Expressed in millions of Rupiah, unless otherwise
lain)                                                            stated)

27. UTANG BANK JANGKA PANJANG (Lanjutan)                         27. LONG-TERM BANK LOANS (Continued)

      Pinjaman ini     telah   dilunasi   pada   tanggal                This loan has been settled on April 13, 2023.
      13 April 2023.

   d. PT Bank Panin Tbk (Panin)                                      d. PT Bank Panin Tbk (Panin)

      Pada tanggal 28 Juli 2017, PT Jasa Boga Raya                      On July 28, 2017, PT Jasa Boga Raya (JBR), a
      (JBR), Entitas Anak, memperoleh fasilitas                         Subsidiary, obtained a loan facility from Panin
      pinjaman dari Panin dengan jumlah maksimum                        with a maximum amount of Rp2 billion and bears
      sebesar Rp2 miliar dan tingkat suku bunga                         an annual interest rate of 10.50% and will be due
      sebesar 10,50% per tahun serta akan jatuh tempo                   within seven (7) years. The loan was used for
      selama tujuh (7) tahun. Pinjaman ini digunakan                    purchase of shophouses located at Citaringgul,
      untuk pembiayaan pembelian ruko yang terletak di                  Bogor, West Jawa. This loan was secured with
      Citaringgul, Bogor, Jawa Barat. Pinjaman ini                      those shophouses.
      dijamin dengan ruko tersebut.

      Perjanjian ini telah diperbarui, terakhir pada                    This agreement has been amended, the latest
      tanggal pada tanggal 2 Agustus 2022, mengenai                     on August 2, 2022, regarding postponements of
      penangguhan pembayaran pokok pinjaman                             principal payment for 6 months, change of the
      selama 6 bulan, perubahan tingkat suku bunga                      interest rate to 9 % per annum and loan maturity
      menjadi sebesar 9% per tahun dan perubahan                        to January 28, 2026.
      jatuh tempo pada tanggal 28 Januari 2026.

   e. PT BPR Intidana Sukses Makmur (BISM)                           e. PT BPR Intidana Sukses Makmur (BISM)

      Pada tanggal 13 April 2023, PT Provices                           On April 13, 2023, PT Provices Indonesia, (PVI),
      Indonesia (PVI), Entitas Anak, memperoleh                         a Subsidiary, obtained a working capital loan
      fasilitas pinjaman modal kerja dari PT BPR                        facility from PT BPR Intidana Sukses Makmur
      Intidana Sukses Makmur (BISM) dengan pagu                         (BISM) with a maximum amount of Rp21 billion.
      pinjaman sebesar Rp21 miliar. Pinjaman ini                        This loan bears an annual interest rate of 16%
      dikenai tingkat suku bunga 16% per tahun dan                      and will be due on April 13, 2028. This loan was
      akan jatuh tempo pada tanggal 13 April 2028.                      secured by two (2) units of office space at Bakrie
      Pinjaman ini dijamin dengan dua (2) unit kantor di                Tower Building, Rasuna Epicentrum Complex,
      Gedung Bakrie Tower Kawasan Rasuna                                Jakarta.
      Epicentrum, Jakarta.

   Pada tanggal 31 Desember 2023 dan 2022,                           As of December 31, 2023 and 2022, the Group’s
   manajemen Grup berkeyakinan telah memenuhi                        management believes that it has met all the credit
   semua persyaratan kredit yang ditentukan dalam                    requirements specified in the agreement.
   perjanjian.

   Rincian pembayaran yang dilakukan untuk tahun                     The detail of payments made for the years ended
   yang          berakhir     pada        tanggal-tanggal            December 31, 2023 and 2022 for each loan facility is
   31 Desember 2023 dan 2022 untuk masing-masing                     as follows:
   fasilitas pinjaman adalah sebagai berikut:

                                                  2023               2022
    PT Bank KB Bukopin Tbk                          11.168              4.894                PT Bank KB Bukopin Tbk
    PT Bank Tabungan Negara                                                                 PT Bank Tabungan Negara
       (Persero) Tbk                                 8.118              6.784                         (Persero)Tbk
    PT Bank Seabank Indonesia                        4.448              4.229              PT Bank Seabank Indonesia
    PT BPR Intidana Sukses Makmur                    1.933                  -          PT BPR Intidana Sukses Makmur
    PT Bank Panin Tbk                                  275                104                       PT Bank Panin Tbk
    Total                                           25.942             16.011                                       Total




                                                            93
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PT BAKRIELAND DEVELOPMENT Tbk                                    PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                 AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                    FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                   FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                        DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan               (Expressed in millions of Rupiah, unless otherwise
lain)                                                            stated)

28. PEMBIAYAAN MUSYARAKAH JANGKA PANJANG                         28. LONG-TERM MUSYARAKAH FINANCING

                                                  2023               2022
    PT Bank KB Syariah Bukopin                      64.033             68.839             PT Bank KB Syariah Bukopin
    PT Bank Syariah Indonesia Tbk                    2.935              3.595           PT Bank Syariah Indonesia Tbk
    Total                                           66.968             72.434                                       Total
    Dikurangi bagian yang tempo
       dalam waktu satu tahun                        5.175              2.010                        Less current portion
    Bagian jangka panjang                           61.793             70.424                        Long-term portion


   a. PT Bank      KB    Syariah    Bukopin     (Syariah             a. PT Bank      KB    Syariah    Bukopin    (Syariah
      Bukopin)                                                          Bukopin)

      1. Pada tanggal 7 Juni 2013, PT Graha                             1. On June 7, 2013, PT Graha Andrasentra
         Andrasentra Propertindo Tbk, (GAP), Entitas                       Propertindo Tbk, (GAP), a Subsidiary
         Anak memperoleh fasilitas Pembiayaan                              obtained a Musyarakah Working Capital
         Musyarakah Modal Kerja dari PT Bank KB                            Financing facility from PT Bank KB Bukopin
         Bukopin Syariah (Syariah Bukopin) dengan                          Syariah (Syariah Bukopin) with a ceiling of
         pagu sebesar Rp40 miliar, yang digunakan                          Rp40 billion, which was used for the cluster
         untuk keperluan pengembangan cluster                              development of Bogor Nirwana Residence.
         perumahan di Kawasan Bogor Nirwana                                This facility was to be due in July 2017.
         Residence. Fasilitas ini jatuh tempo pada bulan
         Juli 2017.
      2. Pada bulan Maret 2014, GAP memperoleh                          2. In March 2014, GAP obtained a Musyarakah
         fasilitas Pembiayaan Musyarakah Modal Kerja                       Working Capital Financing facility from
         dari Syariah Bukopin dengan pagu sebesar                          Syariah Bukopin with a ceiling of Rp15 billion,
         Rp15       miliar,  yang     digunakan     untuk                  which was used for the development of
         pengembangan Apartemen Jungle Sky.                                Jungle Sky Apartment. This facility was to be
         Fasilitas ini jatuh tempo pada tanggal                            due on March 7, 2017 (include a grace period
         7 Maret 2017 (termasuk masa tenggang                              of 15 months). This facility is secured with
         selama 15 bulan). Fasilitas ini dijamin dengan                    land under SHGB No. 657 and SHGB No. 105
         tanah SHGB No. 657 dan SHGB No. 105 atas                          owned by GAP in Mulyaharja - Bogor.
         nama GAP yang terletak di Mulyaharja - Bogor.
      3. Pada bulan Maret 2015, GAP memperoleh                          3. In March 2015, GAP obtained Line Facility
         Line Facility dari Syariah Bukopin dengan                         from Syariah Bukopin with a ceiling of
         pagu sebesar Rp15 miliar, yang digunakan                          Rp15 billion, which was used for development
         keperluan untuk pengembangan Apartemen                            of Jungle Sky Apartment. This facility was to
         Jungle Sky. Fasilitas ini jatuh tempo pada                        be due in February 2018. The facility is
         bulan Februari 2018. Fasilitas ini dijamin                        secured with five (5) SHGB of land and
         dengan lima (5) SHGB atas tanah dan                               buildings owned by GAP which is located in
         bangunan milik GAP yang terletak di                               Mulyaharja - Bogor. During the period of
         Mulyaharja - Bogor. Selama masa fasilitas                         financing facilities, GAP must maintain its land
         pembiayaan, GAP harus menjaga stok kavling                        inventory which is kept in Syariah Bukopin
         yang disimpan pada Syariah Bukopin dengan                         with a minimum ratio of 125% of the current
         minimal rasio sebesar 125% dari jumlah                            outstanding financing.
         pembiayaan berjalan.
      4. Pada bulan Oktober 2016, GAP memperoleh                        4. In October 2016, GAP obtained Line Facility
         Line Facility dari Syariah Bukopin dengan pagu                    from Syariah Bukopin with a ceiling of
         sebesar       Rp15 miliar,    yang    digunakan                   Rp15 billion, which was used for the
         keperluan untuk pengembangan Apartemen                            development of Jungle Sky Apartment. This
         Jungle Sky. Fasilitas ini jatuh tempo pada                        facility was to be due in February 2018. The
         bulan Februari 2018. Fasilitas ini dijamin                        facility is secured with two (2) SHGB of land
         dengan dua (2) SHGB atas tanah dan                                and buildings owned by GAP located in
         bangunan milik GAP yang terletak di                               Mulyaharja - Bogor. GAP has partial
         Mulyaharja - Bogor. GAP telah mencairkan                          drawdown from this financing facility
         sebagian fasilitas pembiayaan ini sebesar                         amounting to Rp3.5 billion.
         Rp3,5 miliar.



                                                            94
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PT BAKRIELAND DEVELOPMENT Tbk                                   PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                  FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                       DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan              (Expressed in millions of Rupiah, unless otherwise
lain)                                                           stated)

28. PEMBIAYAAN MUSYARAKAH JANGKA PANJANG                        28. LONG-TERM               MUSYARAKAH            FINANCING
    (Lanjutan)                                                      (Continued)

      Pada tanggal 28 Desember 2018, GAP                               On December 28, 2018, GAP restructured all
      melakukan restrukturisasi semua fasilitas yang                   facilities held into one financing facility, namely
      dimiliki menjadi satu fasilitas pembiayaan yaitu                 the Line Facility Musyarakah (Non-Revolving),
      Line Facility Musyarakah (Non-Revolving), yang                   which was used for the purpose for Operational
      digunakan untuk Modal Kerja Operasional dan                      Working Capital and the Bogor Nirwana
      proyek Bogor Nirwana Residence Cluster dan                       Residence Cluster and Jungle Sky Apartment
      Apartemen Jungle Sky. Porsi bank sebesar                         projects. The bank portion is Rp68.48 billion or
      Rp68,48 miliar atau setara dengan 56% dari                       equivalent to 56% of the total portion of the
      seluruh porsi nilai proyek. Jangka waktu fasilitas               project value. The previous facility period up to
      sebelumnya sampai dengan tanggal 31 Desember                     December 31, 2018 and February 2020 will be
      2018 dan Februari 2020 menjadi tanggal                           due on November 28, 2023.
      28 November 2023.

      Pada tanggal 27 Desember 2019, GAP                               On December 27, 2019, GAP obtained approval
      memperoleh persetujuan restrukturisasi atas                      for the restructuring of all financing facilities from
      seluruh fasilitas pembiayaan dari Syariah Bukopin                Bukopin Syariah based on the Addendum to the
      berdasarkan Adendum Akad Line Facility                           Musyarakah Line Facility Agreement, by
      Musyarakah,       dengan   mengubah       besaran                changing the amount of installments to be paid
      angsuran yang harus dibayar oleh GAP dan                         by GAP and extending the loan period from
      memperpanjang jangka waktu pinjaman yang                         November 28, 2023 to December 28, 2025.
      sebelumnya 28 November 2023 menjadi
      28 Desember 2025.

      Fasilitas musyarakah untuk modal kerja dan line                  Musyarakah facilities for working capital and line
      facilities, bersama dengan fasilitas pembiayaan                  facilities, together with other financing facilities
      lainnya dari Syariah Bukopin telah beberapa kali                 from Syariah Bukopin have been restructured
      direstrukturisasi,    terakhir   pada    tanggal                 several        times,    most      recently       on
      17 Januari 2023, dengan perubahan sebagai                        January 17, 2023, with changes as follows:
      berikut:
      - Bank: 1,66%, nasabah: 98,34% (setara 5% eff.                   -        Bank: 1.66%, customer: 98.34% (equivalent
          p.a.) (Januari 2023 sampai dengan Desember                            to 5% eff. p.a.) (January 2023 until
          2023).                                                                December 2023).
      - Bank: 2,32%, nasabah: 97,68% (setara 7% eff.                   -        Bank: 2.32%, customer: 97.68% (equivalent
          p.a.) (Januari 2024 sampai dengan Desember                            to 7% eff. p.a.) (January 2024 until
          2024).                                                                December 2024).
      - Bank: 3,31%, nasabah: 96,69% (setara 10%                       -        Bank: 3.31%, customer: 96.69% (equivalent
          eff. p.a.) (Januari 2025 sampai dengan                                to 10% eff. p.a.) (January 2025 until
          Desember 2025).                                                       December 2025).
      - Bank: 3,98%, nasabah: 96,02% (setara 12%                       -        Bank: 3.98%, customer: 96.02% (equivalent
          eff p.a.) (Januari 2026 sampai dengan                                 to 12% eff. p.a.) (January 2026 until
          Desember 2028) secara kumulatif setara                                December 2028) cumulatively equivalent to
          5,73% eff. p.a.                                                       5.73% eff. p.a.
      - Perpanjang        jangka     waktu   pinjaman                  -        Extend      the   loan     period    from
          yang sebelumnya 28 Desember 2025 menjadi                              December 28, 2025 to December 28, 2028.
          28 Desember 2028.

      Ketentuan dan persyaratan pada fasilitas                         The terms and conditions of the previous facility
      sebelumnya merupakan satu kesatuan dengan                        constitute a single unit with the Musyarakah Line
      Akad Line Facility Musyarakah dan akad-akad                      Facility Agreement and other agreements that
      lainnya yang telah dan akan dibuat dan tidak                     have been and will be made and cannot be
      dapat dipisahkan antara satu dengan lainnya.                     separated from each other.

      Berdasarkan perjanjian fasilitas pembiayaan                          According to the financing facility agreement
      dengan Syariah Bukopin, selama fasilitas belum                       with Syariah Bukopin, if the facility is not yet
      dilunasi, GAP tidak diperbolehkan untuk                              fully paid, GAP is restricted from performing the
      melakukan hal-hal tersebut di bawah ini tanpa                        following items without prior written approval
      persetujuan tertulis dari Syariah Bukopin sebagai                    from Syariah Bukopin as follows:
      berikut:
      1.    Melakukan pembayaran/pelunasan atas                            1.     Pay off/settle any loan to shareholders.
            pinjaman dari pemegang saham.




                                                           95
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PT BAKRIELAND DEVELOPMENT Tbk                                  PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                               AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                  FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                 FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                      DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan             (Expressed in millions of Rupiah, unless otherwise
lain)                                                          stated)

28. PEMBIAYAAN MUSYARAKAH JANGKA PANJANG                       28. LONG-TERM          MUSYARAKAH            FINANCING
    (Lanjutan)                                                     (Continued)

      2.   Melakukan penjualan, transfer, perpindahan                  2.   Selling, transferring, transfer of rights and
           hak dan penjaminan aset yang menjadi                             pledge of assets that become the collateral
           agunan dalam perjanjian ini.                                     in this agreement.
      3.   Mengajukan permohonan pailit kepada                         3.   Filing for bankruptcy to the Commercial
           Pengadilan Niaga.                                                Court.
      4.   Menerima tambahan fasilitas pinjaman dari                   4.   Receive additional loan facility from any
           pihak manapun, kecuali dari pemegang                             party, except from shareholders or a party
           saham atau pihak yang berhubungan                                that was related with GAP business.
           dengan usaha GAP.
      5.   Melakukan perubahan struktur permodalan                     5.   Change GAP’s capital structure, specifically
           GAP, khususnya perubahan pemegang                                changes of the majority shareholders.
           saham mayoritas.
      6.   Melakukan     kegiatan       usaha     yang                 6.   Conduct business activities that         are
           bertentangan dengan prinsip syariah.                             contrary to Islamic principles.
      7.   Melakukan overdraft dan cross selling.                      7.   Perform overdraft and cross selling.

   b. PT Bank Syariah Indonesia Tbk (BSI)                          b. PT Bank Syariah Indonesia Tbk(BSI)

      Pada tanggal 6 Desember 2021, PVI memperoleh                    On December 6, 2021, PVI obtained a working
      fasilitas Pembiayaan Musyarakah modal kerja dari                capital in the form of a Musyarakah facility from
      BSI dengan pagu sebesar Rp4 miliar yang                         BSI with a maximum amount of Rp4 billion which
      digunakan untuk keperluan modal kerja untuk                     was used for tenant procurement purposes. This
      pekerjaan pengadaan tenan. Fasilitas ini akan                   facility was due on April 10, 2022. The profit
      jatuh tempo pada tanggal 10 April 2022. Nisbah                  sharing is 3.08%. This loan is secured by Rights
      bagi hasil porsi bank sebesar 3,08%. Pinjaman ini               of Strata Title Ownership in Multi Storey Building
      dijaminkan dengan Sertifikat Hak Milik Atas                     Units (SHMASRS) located in Karet Kuningan,
      Satuan Rumah Susun (SHMASRS) yang berlokasi                     covering an area of 171.8 m2, which is tied to
      di Kelurahan Karet Kuningan seluas 171,8 m2,                    mortgage of Rp5 billion.
      yang diikat dengan Hak Tanggungan sebesar
      Rp5 miliar.

      Pada tanggal 22 April 2022, PT Provices                         On April 22, 2022, PT Provices Indonesia, a
      Indonesia, Entitas Anak memperoleh surat                        Subsidiary, obtained an approval of restructuring
      persetujuan restrukturisasi dari BSI mengenai                   from BSI regarding changes of profit sharing
      perubahan tingkat nisbah menjadi sebesar 3,08%                  ratio to become 3,08% per annum and loan
      serta perubahan jatuh tempo pada tanggal                        maturity that will be due on April 10, 2027.
      10 April 2027.

   Pada tanggal 31 Desember 2023 dan 2022,                         As of December 31, 2023 and 2022, the Group’s
   manajemen Grup berkeyakinan telah memenuhi                      management believes that it has met all the
   semua persyaratan kredit yang ditentukan dalam                  requirements specified in the agreements.
   perjanjian.

   Pembayaran pembiayaan musyarakah jangka                         The Group's payments for long-term musyarakah
   panjang Grup pada tahun 2023 dan 2022 sebesar                   financing in 2023 and 2022 amounting to
   Rp5,47 miliar dan Rp4,05 juta merupakan                         Rp5.47 billion and Rp4.05 million, respectively,
   pembayaran pembiayaan pokok musyarakah Syariah                  pertains to payment of musyarakah financing
   Bukopin milik GAP dan BSI milik PVI.                            principal made to Syariah Bukopin owned by GAP
                                                                   and BSI owned by PVI.




                                                          96
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PT BAKRIELAND DEVELOPMENT Tbk                                     PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                  AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                     FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                    FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                         DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                (Expressed in millions of Rupiah, unless otherwise
lain)                                                             stated)

29. UTANG USAHA JANGKA PANJANG                                    29. LONG-TERM TRADE PAYABLES

   Utang usaha jangka panjang pada tanggal                            Long-term trade payables as of December 31, 2023
   31 Desember 2023 dan 2022, merupakan hasil                         and 2022 represent the result of debt restructuring
   restrukturisasi utang yang telah disepakati antara                 agreed between BSU, a Subsidiary, suppliers,
   BSU, Entitas Anak, dengan para pemasok, kontraktor                 contractors and other concurrent creditors
   dan kreditur konkuren lain yang diselesaikan                       which     had    been       settled    through   the
   melalui     Penundaan     Kewajiban   Pembayaran                   Postponement of Debt Payment Obligation (PKPU)
   Utang (PKPU) yang dilakukan pada tanggal                           No.    01/PKPU/2003/PN.NIAGA.JKT.PST           which
   5 Maret 2003 dengan surat permohonan                               conducted on March 5, 2003, and has been
   No. 01/PKPU/2003/PN.NIAGA.JKT.PST, dan telah                       approved by 123 participating creditors represent
   disetujui oleh 123 kreditur peserta yang mewakili                  ing 96.70% of the total principal debts.
   96,70% dari total utang pokok.

   Rincian utang usaha jangka panjang adalah sebagai                  The detail of long-term trade payables is as follows:
   berikut:

                                                    2023              2022
    PT Kinhill Indonesia                               7.881             7.881                      PT Kinhill Indonesia
    PT Daniel Mann Johnson                                                                      PT Daniel Mann Johnson
        Mendenhall Keating                             7.100             7.100                   Mendenhall Keating
    Lain-lain (masing-masing                                                                        Others (each below
        di bawah Rp2 miliar)                           2.213             2.213                        of Rp2 billion)
    Total                                             17.194            17.194                                         Total
    Dikurangi bagian jatuh tempo
       dalam waktu satu tahun                         17.194            17.194                        Less current portion
    Bagian jangka panjang                                    -                -                       Long-term portion



30. MODAL SAHAM                                                   30. CAPITAL STOCK

   Susunan pemegang saham dan kepemilikan saham                       The composition of shareholders and their
   adalah sebagai berikut:                                            corresponding share ownership are as follows:

                                         Total Saham
                                        (Dalam Jutaan
                                       Lembar Saham)/
                                      Number of Shares                Persentase Kepemilikan/
                                    (In Million of Shares)            Percentage of Ownership
    Pemegang Saham                 2023               2022             2023             2022                 Stockholders

    KPD Simas Equity                                                                                      KPD Simas Equity
       Fund 2                         2.329              2.329            5,35%             5,35%                  Fund 2
    Interventures Capital                                                                              Interventures Capital
       Pte., Ltd.                     2.228              2.228            5,12%             5,12%               Pte., Ltd.
    Masyarakat (masing-                                                                                    Public (each less
       masing kurang dari 5%)        38.965            38.965            89,53%            89,53%               than 5%)

    Total                            43.522            43.522           100,00%           100,00%                     Total




                                                             97
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PT BAKRIELAND DEVELOPMENT Tbk                                   PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                  FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                       DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan              (Expressed in millions of Rupiah, unless otherwise
lain)                                                           stated)

30. MODAL SAHAM (Lanjutan)                                      30. CAPITAL STOCK (Continued)

   Rincian modal saham Perusahaan berdasarkan jenis                    The detail of the Company’s capital stock based on
   saham pada tanggal 31 Desember 2023 dan 2022                        types of shares as of December 31, 2023 and 2022
   adalah sebagai berikut:                                             is as follows:

                                   Number of Shares
                                    (Angka Penuh/              Nominal/             Total/
                                     Full Amount )             Nominal              Total

    Seri A                                      1.400            500                   700.000                          Seri A
    Seri B                                     42.122            100                 4.212.191                          Seri B

    Total                                      43.522                                4.912.191                           Total



   Pada tanggal 31 Desember 2023 dan 2022, tidak                       As of December 31, 2023 and 2022, there are no
   terdapat saham Perusahaan yang dimiliki oleh Direksi                shares of the Company which are owned by the
   dan Dewan Komisaris Perusahaan.                                     Company’s Boards of Directors and Commissioners.


31. TAMBAHAN MODAL DISETOR - NETO                               31. ADDITIONAL PAID-IN CAPITAL - NET

                                                2023                   2022
    Agio saham                                                                                                Share premium
        Selisih lebih total yang                                                             Excess of amounts received
        diterima dari nominal                  3.109.465           3.109.465                               over par value
    Pengampunan pajak                             (1.433)             (1.433)                                    Tax amnesty
    Saham yang diperoleh kembali                 (21.679)            (21.679)                                  Treasury stock
    Kompensasi berbasis saham                                                                              Unexecuted stock
        kepada karyawan yang                                                                       based compensation
        belum di eksekusi                          8.467                  8.467                             to employees
    Biaya emisi saham                           (191.658)              (191.658)                        Stock issuance cost
                                                                                                       Difference in value of
    Selisih nilai transaksi                                                                     restructuring transaction
        restrukturisasi entitas                                                                       with entities under
        sepengendali                            (149.700)              (149.700)                         common control
    Neto                                       2.753.462           2.753.462                                             Net


   Agio saham merupakan kelebihan jumlah yang                          Share premium represents the excess of the
   diterima dan/atau nilai tercatat saham dan waran                    amounts received and/or the carrying value of
   konversi atas nilai nominal saham yang dikeluarkan.                 shares and converted warrants over the par value of
                                                                       the shares issued.

   Pengampunan pajak merupakan partisipasi Grup                        Tax amnesty represents the Group’s participation in
   dalam Program Pengampunan Pajak sesuai dengan                       the Tax Amnesty Program in accordance with Law
   Undang-Undang      No.      11     Tahun       2016                 No. 11 Year 2016 (“Tax Amnesty Law”). The Group
   (“UU Pengampunan Pajak”). Grup mengakui selisih                     recognized the difference between asset and
   antara aset pengampunan pajak dan liabilitas                        liabilities of tax amnesty and presented it as part of
   pengampunan pajak dan disajikan sebagai bagian                      “Other Component of Equity” account in equity.
   dari akun “Komponen Ekuitas Lainnya” di ekuitas.




                                                          98
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PT BAKRIELAND DEVELOPMENT Tbk                                     PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                  AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                     FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                    FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                         DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                (Expressed in millions of Rupiah, unless otherwise
lain)                                                             stated)

31. TAMBAHAN MODAL DISETOR - NETO (Lanjutan)                      31. ADDITIONAL        PAID-IN     CAPITAL       -     NET
                                                                      (Continued)

   Pada tanggal 26 Januari 2017, Perusahaan telah                     On January 26, 2017, the Company sold 750,000,
   menjual saham yang diperoleh kembali masing-                       110,000,000 and 10,000,000 shares of its treasury
   masing sebanyak 750.000, 110.000.000 dan                           stocks at Rp51, Rp51 and Rp53 per share, with total
   10.000.000 lembar saham pada harga masing-                         net    sales    amounted      to     Rp38.25 million,
   masing Rp51, Rp51 dan Rp53 per lembar saham                        Rp5.61 billion and Rp530 million, respectively. The
   dengan nilai penjualan neto masing-masing sebesar                  difference between the acquisition costs and the
   Rp38,25 juta, Rp5,61 miliar dan Rp530 juta. Selisih                selling price of treasury stocks amounted to
   antara harga perolehan kembali dan harga jual                      Rp21.68 billion was recorded as “Additional Paid-In
   kembali saham treasury sebanyak Rp21,68 miliar                     Capital From Treasury Stock Transactions”, which is
   dicatat sebagai “Selisih Modal Dari Transaksi Saham                part of additional paid-in capital account.
   Treasury”, yang merupakan bagian dari akun
   tambahan modal disetor.

   Biaya emisi saham merupakan biaya-biaya yang                       Stock issuance costs represent costs directly
   berkaitan langsung dengan penerbitan saham                         attributable to the issuance of shares of the
   Perusahaan.                                                        Company.

   Selisih   nilai   transaksi   entitas    sepengendali              Differences in value from transactions between
   merupakan transaksi yang terjadi sehubungan                        entities   under     common       control    represent
   dengan     divestasi   saham     Perusahaan       pada             transactions incurred in relation to the divestment of
   PT Villa Del Sol dan PT Bakrie Infrastructure di antara            the Company’s investment in PT Villa Del Sol and
   Grup.                                                              PT Bakrie Infrastructure among the Group.


32. PENDAPATAN NETO                                               32. NET REVENUES

                                                   2023               2022
    Sewa dan pengelolaan                                                                        Rental and management
       perkantoran                                 564.836             462.521                                of office
    Hotel, makanan dan minuman                     308.389             258.292                 Hotel, food and beverages
    Penjualan tanah, rumah dan                                                                  Sales of land, residential
       apartemen                                   275.853             183.075                         and apartments
    Sewa ruangan, lapangan dan                                                                   Rental of spaces, courts
       iuran keanggotaan                             79.361             65.108                  and membership fees
    Taman hiburan                                    44.951             58.236                               Theme park
    Total                                         1.273.390          1.027.232                                        Total


   Pada tahun 2023 dan 2022, tidak terdapat                           In 2023 and 2022, there are no transactions to other
   pendapatan kepada pihak lain dengan jumlah                         parties with revenues exceeding 10% from the total
   akumulasi di atas 10% dari jumlah pendapatan neto                  consolidated net revenues.
   konsolidasian.

   Pada tahun 2023 dan 2022, jumlah pendapatan                        In 2023 and 2022, total revenues to related parties
   kepada pihak berelasi masing-masing sebesar                        amounted to Rp35.75 billion or 2.81% and
   Rp35,75 miliar atau 2,81% dan Rp40,04 miliar atau                  Rp40.04 billion or 3.90% from the total consolidated
   3,90% dari jumlah pendapatan neto konsolidasian                    net revenues, respectively (Note 38a).
   (Catatan 38a).




                                                             99
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PT BAKRIELAND DEVELOPMENT Tbk                                  PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                               AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                  FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                 FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                      DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan             (Expressed in millions of Rupiah, unless otherwise
lain)                                                          stated)

33. BEBAN POKOK PENDAPATAN                                     33. COST OF REVENUES

                                               2023                2022
    Sewa dan pengelolaan                                                                    Rental and management
       perkantoran                              470.277             375.938                               of office
    Penjualan tanah, rumah dan                                                              Sales of land, residential
       apartemen                                216.222             145.552                        and apartments
    Hotel, makanan dan minuman                   92.878              77.092                Hotel, food and beverages
    Sewa ruangan, lapangan dan                                                               Rental of spaces, courts
       iuran keanggotaan                         45.405              34.195                 and membership fees
    Taman hiburan                                11.757              49.205                              Theme park
    Total                                       836.539             681.982                                      Total


   Untuk tahun yang berakhir pada tanggal-tanggal                  For the years ended December 31, 2023 and 2022,
   31 Desember 2023 dan 2022, tidak terdapat transaksi             there are no transactions to other parties with total
   kepada pihak lain dengan jumlah akumulasi                       accumulated purchases exceeding of 10% from the
   pembelian di atas 10% dari jumlah beban pokok                   total consolidated cost of revenues.
   pendapatan konsolidasian.


34. BEBAN USAHA                                                34. OPERATING EXPENSES

   a. Beban Penjualan                                              a. Selling Expenses

                                                 2023                2022
       Iklan dan promosi                           10.231               8.803               Advertising and promotion
       Komisi                                       3.709               4.040                            Commissions
       Pameran dan hiburan                          1.268               1.318             Exhibition and entertainment
       Lain-lain (masing-masing                                                                    Others (each below
           di bawah Rp1 miliar)                     2.975               4.116                        of Rp1 billion)
       Total                                       18.183              18.277                                     Total


   b. Beban Umum dan Administrasi                                  b. General and Administrative Expenses

                                                 2023                2022
                                                                                                    Salaries, wages and
       Gaji, upah dan tunjangan                   153.823            171.866                        benefits in-kinds
       Penyusutan (Catatan 16)                     50.620             57.561                     Depreciation (Note 16)
       Pajak dan asuransi                          32.194             43.371                          Tax and insurance
       Listrik, air dan telepon                    24.844             23.819           Electricity, water and telephone
       Perbaikan dan pemeliharaan                  12.975             13.802                 Repairs and maintenance
       Penyisihan kerugian                                                                     Provision for impairment
           penurunan nilai piutang                                                               loss of receivables
           (Catatan 7)                             12.098               9.169                               (Note 7)
       Honorarium tenaga ahli                      10.286               8.992                          Professional fees
       Alat tulis dan cetakan                       4.247               5.152                    Stationary and printing
       Perijinan dan litigasi                       4.169               4.338                         Legal and permits
       Sumbangan dan perjamuan                      3.371               3.504            Donations and entertainment
       Transportasi dan perjalanan dinas            3.364               3.721             Transportation and traveling
       Lain-lain (masing-masing                                                                      Others (each below
           di bawah Rp2 miliar)                    12.979              15.875                          of Rp2 billion)
       Total                                      324.970            361.170                                      Total



                                                         100
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PT BAKRIELAND DEVELOPMENT Tbk                                 PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                              AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                 NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                 FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                     DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan            (Expressed in millions of Rupiah, unless otherwise
lain)                                                         stated)

35. BEBAN BUNGA DAN KEUANGAN - NETO                           35. INTEREST   EXPENSES            AND      FINANCIAL
                                                                  CHARGES - NET

                                              2023                2022
    Penghasilan bunga deposito,                                                   Interest income from time deposit,
       jasa giro dan piutang                     4.476               1.851      current account and receivables
    Bunga pinjaman bank                        (75.487)           (102.897)                    Interest on bank loans
    Administrasi bank                           (3.638)             (2.558)                             Bank charges
    Neto                                       (74.649)           (103.604)                                       Net



36. PENGHASILAN (BEBAN) LAIN-LAIN - NETO                      36. OTHERS INCOME (EXPENSES) - NET

                                              2023                2022
    Keuntungan penghapusan utang
        lain-lain                               57.157                   -      Gain on write-off of other payables
    Pemulihan cadangan kerugian                                                          Reversal of allowance for
        penurunan nilai piutang                                                      impairment on receivables
        (Catatan 7,8 dan                                                               (Notes 7,8 and 38a,38b
        38a, 38b dan 38c)                       28.815             67.730                               and 38c)
    Pemulihan penurunan nilai persediaan                                       Reversal of impairment on inventory
        (Catatan 9)                              3.308                   -                              (Note 9)
    Kerugian penurunan nilai persediaan                                            Impairment loss on inventories
        (Catatan 9)                           (194.455)              (412)                              (Note 9)
    Provisi (Catatan 23 dan 47)                (81.311)                 -              Provision (Notes 23 and 47)
    Pembayaran kepada unit pemilik             (45.721)           (37.170)                Payments to unit owners
    Penyisihan untuk penggantian                                                       Provision for replacement of
        peralatan                              (11.228)             (9.602)                operating equipment
    Jasa manajemen                             (11.081)             (9.591)                       Management fees
    Penyisihan kerugian                                                                    Provision for impairment
        penurunan nilai piutang                                                             loss on receivables
        (Catatan 8 dan 38b dan 38c)             (8.231)           (13.163)          (Notes 8 and 38b and 38c)
    Laba pengalihan piutang                                                                Profit from transfer from
        (Catatan 43e)                                   -          19.794               receivables (Note 43e)
    Penurunan nilai investasi pada                                                  Impairment loss on investment
        ventura bersama                                                                        in joint ventures
        (Catatan 18)                                 -             (40.851)                            (Note 18)
    Lain-lain - neto                            20.704               5.285                               Others - net
    Neto                                      (242.043)            (17.980)                                      Net



37. LIABILITAS IMBALAN PASCAKERJA                             37. EMPLOYMENT BENEFITS LIABILITIES

   Pada tanggal 31 Desember 2023 dan 2022, Grup                   As of December 31, 2023 and 2022, the Group
   mencatat penyisihan imbalan pascakerja berdasarkan             recognizes provision for post-employment benefits
   perhitungan aktuarial yang dilakukan oleh Kantor               based on the actuarial calculation conducted by
   Konsultan Aktuaria Tubagus Syafrial & Amran                    Kantor Konsultan Aktuaria Tubagus Syafrial &
   Nangasan (aktuaris independen), yang dalam                     Amran Nangasan (an independent actuary), in its
   laporannya masing-masing tertanggal 8 Maret 2024               reports dated March 8, 2024 and May 20, 2023,
   dan 20 Mei 2023, menggunakan metode “Projected                 respectively, using “Projected Unit Credit” method
   Unit Credit” dengan asumsi-asumsi sebagai berikut:             with assumptions as follows:




                                                        101
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PT BAKRIELAND DEVELOPMENT Tbk                                    PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                 AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                    FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                   FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                        DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan               (Expressed in millions of Rupiah, unless otherwise
lain)                                                            stated)

37. LIABILITAS IMBALAN KERJA (Lanjutan)                          37. EMPLOYMENT            BENEFITS          LIABILITIES
                                                                     (Continued)

                                                 2023                2022
                                               55 tahun/            56 tahun/
    Usia pensiun normal                         years                years                         Normal pension age
    Tingkat diskonto                        6,55% - 6,78%        5,93% - 7,24%                          Discount rate
                                            4% - 10% per         4% - 10% per
                                             tahun/ year          tahun/ year
    Tingkat kenaikan gaji                                                                        Salary increment rate
    Tabel mortalitas                         TMI IV 2019          TMI IV 2019                        Table of mortality


   Liabilitas imbalan pascakerja yang diakui dalam                   Post-employment benefits liabilities recognized in
   laporan posisi keuangan konsolidasian yang                        the consolidated statement of financial position
   merupakan nilai kini kewajiban imbalan pasti masing-              represents the present value of defined benefit
   masing sebesar Rp34,57 miliar dan Rp49,18 miliar                  obligation amounting to Rp34.57 billion and
   pada tanggal 31 Desember 2023 dan 2022.                           Rp49.18 billion as of December 31, 2023 and 2022,
                                                                     respectively.

   Rincian beban penyisihan imbalan kerja karyawan                   The detail of employee benefits expenses and
   dan pengukuran kembali Grup yang diakui pada                      remeasurement of the Group recognized in the
   laporan laba rugi dan penghasilan komprehensif lain               consolidated statements of profit or loss and other
   konsolidasian adalah sebagai berikut:                             comprehensive income is as follows:

                                                 2023                2022
    Beban yang diakui dalam                                                                      Expense recognized
       laba rugi:                                                                                 in profit or loss:
       Biaya jasa kini                              2.746              3.423                  Current service cost
       Biaya bunga                                  2.449              2.974                          Interest cost
       Dampak kurtailmen                          (14.458)                 -                    Curtailment effect
       Pengakuan segera dari                                                       Immediate recognition of vested
           biaya jasa lalu yang vested                     -           (3.202)              past service costs
    Total                                          (9.263)             3.195                                     Total


   Mutasi pada liabilitas imbalan pascakerja yang diakui             The movement of the post-employment benefits
   pada laporan posisi keuangan konsolidasian adalah                 liabilities recognized in the consolidated statements
   sebagai berikut:                                                  of financial position is as follows:

                                                 2023                 2022
                                                                                                  Balance at beginning
    Saldo awal tahun                               49.183              50.734                           of the year
    Pembayaran imbalan                                                                           Payment of employee
       kerja karyawan                             (11.370)              (6.737)                             benefits
    Beban (penghasilan) yang                                                             Expenses (income) recognized
       diakui pada laba rugi                       (9.263)              3.195                   in the profit or loss
    Pengukuran kembali                                                                                Remeasurement
       yang diakui pada                                                                        recognized in other
       penghasilan                                                                                  comprehensive
       komprehensif lain                            6.020               1.895                                income
    Perubahan program manfaat                           -                 124                Benefit program changes
    Dekonsolidasi Entitas Anak                          -                 (28)            Deconsolidation of Subsidiary
    Saldo akhir tahun                              34.570              49.183               Balance at end of the year




                                                           102
Page 381
PT BAKRIELAND DEVELOPMENT Tbk                                     PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                  AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                     FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                    FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                         DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                (Expressed in millions of Rupiah, unless otherwise
lain)                                                             stated)

37. LIABILITAS IMBALAN KERJA (Lanjutan)                           37. EMPLOYMENT             BENEFITS          LIABILITIES
                                                                      (Continued)

   Analisis sensitivitas kuantitatif untuk asumsi yang                A quantitative sensitivity analysis for significant
   signifikan pada tanggal 31 Desember 2023 dan 2022                  assumptions as of December 31, 2023 and 2022 is
   adalah sebagai berikut:                                            as follows:

                                                     2023              2022
    Tingkat diskonto                                                                                         Discount rate
      Kenaikan dalam 100 basis poin                   35.544            46.976              Increase by 100 basis points
      Penurunan dalam 100 basis poin                  38.888            51.629             Decrease by 100 basis points
    Tingkat kenaikan gaji                                                                            Salary increment rate
      Kenaikan dalam 100 basis poin                   36.690            51.452              Increase by 100 basis points
      Penurunan dalam 100 basis poin                  32.549            47.093             Decrease by 100 basis points


   Analisis sensitivitas didasarkan pada perubahan atas               The sensitivity analysis is based on a change in an
   satu asumsi aktuaria di mana asumsi lainnya                        assumption while holding all other assumptions
   dianggap konstan. Dalam praktiknya, hal ini jarang                 constant. In practice, this was unlikely to occur, and
   terjadi dan perubahan beberapa asumsi mungkin                      changes in some of the assumptions may be
   saling berkorelasi. Dalam perhitungan sensitivitas                 correlated. When calculating the sensitivity of the
   liabilitas imbalan pasti atas asumsi aktuaria utama,               defined     obligation    to     significant  actuarial
   metode yang sama (perhitungan nilai kini kewajiban                 assumptions the same method (present value of the
   imbalan pasti dengan menggunakan metode                            defined benefit obligation calculated with the
   projected unit credit di akhir tahun) telah diterapkan             projected unit credit method at the end of the
   seperti dalam penghitungan kewajiban pensiun yang                  reporting year) has been applied as when
   diakui dalam laporan posisi keuangan konsolidasian.                calculating the pension liability recognised within the
                                                                      consolidated statement of financial position.

   Metode dan tipe asumsi yang digunakan dalam                        The methods and types of assumptions used in
   menyiapkan analisis sensitivitas tidak berubah dari                preparing the sensitivity analysis did not change
   tahun sebelumnya.                                                  compared to previous year.

   Jatuh tempo kewajiban manfaat pasti pada tanggal                   The maturity of defined benefits obligations as of
   31 Desember 2023 dan 2022 adalah sebagai berikut:                  December 31, 2023 and 2022 is as follows:

                                                     2023              2022
    Antara 0 sampai 1 tahun                            6.654            17.486                      Between 0 and 1 years
    Antara 1 sampai 5 tahun                            7.380            10.880                      Between 1 and 5 years
    Antara 5 sampai 10 tahun                          10.138            11.218                     Between 5 and 10 years
    Diatas 10 tahun                                   10.398             9.599                           Beyond 10 years
    Total                                             34.570            49.183                                        Total


   Manajemen Grup berkeyakinan bahwa jumlah                           The Group’s management believed that employee
   liabilitas imbalan kerja karyawan tersebut cukup untuk             benefits liabilities as of December 31, 2023 and
   memenuhi persyaratan UU Ketenagakerjaan pada                       2022 are adequate to cover the requirements of
   tanggal 31 Desember 2023 dan 2022.                                 Labor Law.

   Liabilitas imbalan kerja karyawan jangka pendek                    Short-term employee benefit liabilities as of
   pada tanggal 31 Desember 2023 dan 2022 masing-                     December 31, 2023 and 2022 amounted to
   masing sebesar Rp83,84 miliar dan Rp114,40 miliar,                 Rp83.84 billion and Rp114.40 billion, respectively,
   dan beban atas liabilitas jangka pendek disajikan                  and the related expenses for short-term benefits
   sebagai bagian dari akun “Beban Umum dan                           liabilities are presented as a part of “General and
   Administrasi - Beban Gaji, Upah dan Tunjangan”.                    Administrative Expenses - Salaries, Wages and
                                                                      Benefits ” accounts.




                                                            103
Page 382
PT BAKRIELAND DEVELOPMENT Tbk                                              PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                           AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                              NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                              FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                             FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                                  DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                         (Expressed in millions of Rupiah, unless otherwise
lain)                                                                      stated)

38. TRANSAKSI DAN SALDO DENGAN PIHAK-PIHAK                                     38. TRANSACTIONS    AND             BALANCES           WITH
    BERELASI                                                                       RELATED PARTIES

   Dalam kegiatan usaha yang normal, Grup melakukan                               In the normal course of business, the Group has
   transaksi dengan pihak-pihak yang berelasi                                     engaged in transactions with related parties under
   berdasarkan syarat dan ketentuan yang disetujui oleh                           terms and conditions agreed by both parties, which
   kedua belah pihak, yang mungkin tidak sama dengan                              may not be the same as other transactions
   transaksi lain yang dilakukan dengan pihak-pihak                               conducted with unrelated parties.
   yang tidak berelasi.

   Sifat Transaksi Pihak Berelasi                                                 Nature of Related Parties Transactions

       No    Pihak Berelasi / Related Parties     Hubungan / Relationship                  Sifat Hubungan / Nature of Transactions


                                                   Pengendali dan Pemegang          Piutang usaha dan penghasilan sewa ruangan perkantoran/
       1.    PT Bakrie Capital Indonesia
                                                    saham / Controlling and              Trade receivables and office space lease revenue
                                                         Shareholder
                                                      Pemegang saham /                        Utang pihak berelasi dan pinjaman dana/
       2.    PT Petromine Energy Trading
                                                         Shareholder                               due to related party and loans
                                                                                    Piutang dan utang pinjaman dana (uang muka) untuk modal
                                                                                         kerja dan penghasilan sewa ruangan perkantoran/
       3.    PT Bumi Resources Tbk                      Afiliasi / Affiliate
                                                                                     Borrowings and loans (advances) for working capital and
                                                                                                    office space lease revenue

       4.    PT Bakrie & Brothers Tbk                   Afiliasi / Affiliate        Piutang usaha dan penghasilan sewa ruangan perkantoran/
                                                                                         Trade receivables and office space lease revenue

                                                                                    Piutang usaha dan penghasilan sewa ruangan perkantoran/
       5.    PT Energi Mega Persada Tbk                 Afiliasi / Affiliate
                                                                                         Trade receivables and office space lease revenue


       6.    PT Darma Henwa Tbk                         Afiliasi / Affiliate        Piutang usaha dan penghasilan sewa ruangan perkantoran/
                                                                                         Trade receivables and office space lease revenue

       7.    PT Bumi Resources Minerals Tbk             Afiliasi / Affiliate        Piutang usaha dan penghasilan sewa ruangan perkantoran/
                                                                                         Trade receivables and office space lease revenue

       8.    PT Bakrie Sumatera Plantations Tbk         Afiliasi / Affiliate        Piutang usaha dan penghasilan sewa ruangan perkantoran/
                                                                                         Trade receivables and office space lease revenue

       9.    PT Arutmin Indonesia                       Afiliasi / Affiliate        Piutang usaha dan penghasilan sewa ruangan perkantoran/
                                                                                         Trade receivables and office space lease revenue
                                                                                      Piutang usaha dan piutang pinjaman dana (uang muka)
                                                                                         untuk modal kerja dan penghasilan sewa ruangan
       10.   PT Bakrie Global Ventura                   Afiliasi / Affiliate                               perkantoran/
                                                                                      Trade receivables, Borrowings (advances) for working
                                                                                              capital and office space lease revenue

       11.   PT Bakrie Indo Infrastructure              Afiliasi / Affiliate        Piutang usaha dan penghasilan sewa ruangan perkantoran/
                                                                                         Trade receivables and office space lease revenue

                                                                                     Piutang usaha dan penghasilan atas penjualan tanah dan
       12.   PT Fastmanajemen Properti                  Afiliasi / Affiliate        penerimaan pinjaman dana (uang muka) untuk modal kerja/
                                                                                       Trade receivables and revenue from sale of land and
                                                                                                working capital loans (advances)

       13.   PT Bakrie Telecom Tbk                      Afiliasi / Affiliate        Piutang usaha dan penghasilan sewa ruangan perkantoran/
                                                                                         Trade receivables and office space lease revenue
                                                                                                Piutang usaha dan penjualan tanah /
       14.   Long Haul Holding Ltd.                     Afiliasi / Affiliate
                                                                                                Trade receivables and sales of land

       15.   PT Rasuna Sentra Medika                    Afiliasi / Affiliate        Piutang usaha dan penghasilan sewa ruangan perkantoran/
                                                                                         Trade receivables and office space lease revenue


       16.   PT Graha Adika Niaga                       Afiliasi / Affiliate           Piutang usaha dan sewa, pengelolaan perkantoran /
                                                                                         Trade receivables and rent, office management




                                                                    104
Page 383
PT BAKRIELAND DEVELOPMENT Tbk                                                   PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                   NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                                   FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                                  FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                                       DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                              (Expressed in millions of Rupiah, unless otherwise
lain)                                                                           stated)

38. TRANSAKSI DAN SALDO DENGAN PIHAK-PIHAK                                          38. TRANSACTIONS    AND     BALANCES                      WITH
    BERELASI (Lanjutan)                                                                 RELATED PARTIES (Continued)

       No      Pihak Berelasi / Related Parties       Hubungan / Relationship                       Sifat Hubungan / Nature of Transactions


       17.     PT Lapindo Brantas                            Afiliasi / Affiliate         Piutang usaha dan penghasilan sewa ruangan perkantoran/
                                                                                               Trade receivables and office space lease revenue

       18.     PT Bakrie Kalila Investment                   Afiliasi / Affiliate         Piutang usaha dan penghasilan sewa ruangan perkantoran/
                                                                                               Trade receivables and office space lease revenue

       19.     PT Petrocom Nuansa Nusantara                  Afiliasi / Affiliate         Piutang usaha dan penghasilan sewa ruangan perkantoran/
                                                                                               Trade receivables and office space lease revenue

       20.     Minarak Labuan Co. Ltd.                       Afiliasi / Affiliate         Pemberian pinjaman dana (uang muka) untuk modal kerja/
                                                                                                   Borrowings (advances) for working capital
                                                                                          Piutang dan utang pinjaman dana (uang muka) untuk modal
       21.     PT Permata Sakti Mandiri                      Afiliasi / Affiliate                                   kerja/
                                                                                              Borrowings and loans (advances) for working capital

       22.     PT Pazkul Kahuripan Premiere                  Afiliasi / Affiliate         Pemberian pinjaman dana (uang muka) untuk modal kerja/
                                                                                                 Borrowings (advances) for working capital
                                                                                                 Utang pihak berelasi dan pinjaman dana/
       23.     PT Minarak Brantas Gas                        Afiliasi / Affiliate
                                                                                                       due to related party and loans
               PT Sanggraha Pelita Development
                                                             Afiliasi / Affiliate                  Utang pihak berelasi dan pinjaman dana/
       24.         Services                                                                             due to related party and loans
                                                                                           Pemberi pinjaman dana (uang muka) untuk modal kerja,
                                                                                          piutang usaha dan penghasilan sewa ruangan perkantoran
                                                                                                     dan penerimaan pengalihan saham/
       25.     PT Minarak Artha Raya                         Afiliasi / Affiliate
                                                                                               Borrowings (advances) for working capital, Trade
                                                                                          receivables and office space lease revenue and receipt of
                                                                                                                share transfer


   Saldo dan Transaksi dengan Pihak-Pihak Berelasi                                     Balance and Transactions with Related Parties

   Rincian saldo dan transaksi dengan pihak-pihak                                      The details of balances and transactions with related
   berelasi adalah sebagai berikut:                                                    parties are as follows:

   a. Pendapatan dan piutang usaha                                                     a. Revenues and trade receivables

      Pendapatan                                                                          Revenues

                                                          2023                                      2022
                                                               Persentase                                Persentase
                                                             terhadap Total                            terhadap Total
                                                               Pendapatan                               Pendapatan
                                                                  neto/                                     neto/
                                                              Percentage                                Percentage
                                             Total/             to Total                Total/            to Total
                                             Total           Net Revenues               Total          Net Revenues

       PT Bakrie & Brothers Tbk                   5.110               0,401%                5.125             0,499%        PT Bakrie & Brothers Tbk
       PT Bumi Resources Tbk                      4.385               0,344%                4.689             0,456%         PT Bumi Resources Tbk
       PT Energi Mega Persada Tbk                 3.212               0,252%                3.664             0,357%     PT Energi Mega Persada Tbk
       PT Darma Henwa Tbk                         2.643               0,208%                1.608             0,157%           PT Darma Henwa Tbk
       PT Bumi Resources                                                                                                         PT Bumi Resources
         Mineral Tbk                              2.342               0,184%                2.221             0,216%                  Mineral Tbk
       PT Bakrie Capital Indonesia                1.890               0,148%                2.313             0,225%      PT Bakrie Capital Indonesia
       PT Bakrie Sumatera                                                                                                        PT Bakrie Sumatera
         Plantations Tbk                          1.633               0,128%                1.542             0,150%               Plantations Tbk




                                                                         105
Page 384
PT BAKRIELAND DEVELOPMENT Tbk                                          PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                       AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                          NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                          FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                         FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                              DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                     (Expressed in millions of Rupiah, unless otherwise
lain)                                                                  stated)

38. TRANSAKSI DAN SALDO DENGAN PIHAK-PIHAK                             38. TRANSACTIONS    AND     BALANCES                        WITH
    BERELASI (Lanjutan)                                                    RELATED PARTIES (Continued)

                                                   2023                                2022
                                                        Persentase                          Persentase
                                                      terhadap Total                      terhadap Total
                                                       Pendapatan                           Pendapatan
                                                           neto/                               neto/
                                                       Percentage                          Percentage
                                       Total/            to Total          Total/            to Total
                                       Total          Net Revenues         Total          Net Revenues

       BUT EMP Bentu Limited               1.583             0,124%            2.796             0,272%         BUT EMP Bentu Limited
       PT Arutmin Indonesia                1.469             0,115%            1.442             0,140%           PT Arutmin Indonesia
       PT Petromine Energy Trading           955             0,075%            1.379             0,134%    PT Petromine Energy Trading
       PT Bakrie Kalila Investment           373             0,029%            1.086             0,106%      PT Bakrie Kalila Investment
       PT Cronus Capital Indonesia            97             0,008%            1.300             0,127%     PT Cronus Capital Indonesia
       Lain-lain (masing-masing                                                                                     Others (each below
         di bawah Rp1 miliar)             10.055             0,790%           10.877             1,059%                of Rp1 billion)

       Total                              35.747             2,806%           40.042             3,898%                             Total



      Piutang usaha                                                           Trade receivables

                                                   2023                                2022
                                                        Persentase                          Persentase
                                                      terhadap Total                      terhadap Total
                                                           Aset/                               Aset/
                                                       Percentage                          Percentage
                                       Total/            to Total          Total/            to Total
                                       Total              Assets           Total              Assets
       PT Bakrie Telecom Tbk              14.137             0,164%           14.431             0,146%          PT Bakrie Telecom Tbk
       PT Bakrie Capital Indonesia        14.015             0,162%           17.457             0,176%      PT Bakrie Capital Indonesia
       PT Bakrie Global Ventura           13.410             0,155%           13.489             0,136%        PT Bakrie Global Ventura
       PT Bakrie & Brothers Tbk           11.854             0,137%            7.657             0,077%        PT Bakrie & Brothers Tbk
       Long Haul Holding Ltd.             10.211             0,118%           10.211             0,103%          Long Haul Holding Ltd.
       PT Rasuna Sentra Medika            10.211             0,118%            9.968             0,101%       PT Rasuna Sentra Medika
       PT Graha Adika Niaga                9.201             0,107%            8.075             0,081%           PT Graha Adika Niaga
       PT Bakrie Kalila Investment         8.671             0,100%            7.689             0,078%      PT Bakrie Kalila Investment
       PT Lapindo Brantas                  7.823             0,091%            6.710             0,068%             PT Lapindo Brantas
       PT Bumi Resources                                                                                            PT Bumi Resources
         Minerals Tbk                      2.807             0,032%            2.395             0,024%                  Minerals Tbk
       Minarak Brantas Gas Inc.            2.760             0,032%            3.078             0,031%        Minarak Brantas Gas Inc.
       PT Energi Mega Persada Tbk          2.674             0,031%            2.033             0,021%    PT Energi Mega Persada Tbk
       PT Fastmanajemen Properti           2.474             0,029%           16.500             0,166%     PT Fastmanajemen Properti
       PT Bakrie Indo Infrastructure       2.318             0,027%            2.340             0,024%     PT Bakrie Indo Infrastructure
       Lain-lain (masing-masing                                                                                       Other (each below
         di bawah Rp2 miliar)             22.142             0,256%           26.879             0,270%                   Rp2 billion)
       Total piutang usaha              134.708              1,559%          148.912             1,502%           Total trade receivables
       Dikurangi penyisihan                                                                                                Less provision
          kerugian penurunan nilai        82.742             0,958%           56.424             0,569%         for impairment losses
       Neto                               51.966             0,601%           92.488             0,933%                              Net



      Seluruh piutang usaha dari pihak berelasi Grup                          All of the Group’s trade receivables from related
      dalam denominasi mata uang Rupiah.                                      parties are denominated in Rupiah currency.

      Manajemen Grup berkeyakinan bahwa cadangan                              The Group’s management believes that
      kerugian penurunan nilai tersebut di atas adalah                        allowance for impairment losses is adequate to
      cukup untuk menutup kemungkinan kerugian atas                           cover possible losses from uncollectible
      tidak   tertagihnya  piutang     pada    tanggal                        receivables as of December 31, 2023 and 2022.
      31 Desember 2023 dan 2022.




                                                               106
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PT BAKRIELAND DEVELOPMENT Tbk                                                PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                             AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                                FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                               FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                                    DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                           (Expressed in millions of Rupiah, unless otherwise
lain)                                                                        stated)

38. TRANSAKSI DAN SALDO DENGAN PIHAK-PIHAK                                   38. TRANSACTIONS    AND     BALANCES                               WITH
    BERELASI (Lanjutan)                                                          RELATED PARTIES (Continued)

      PT Bakrie Swasakti Utama (BSU) dan                                            PT Bakrie Swasakti Utama (BSU) and
      PT Provices Indonesia (PVI), Entitas Anak,                                    PT Provices Indonesia (PVI), Subsidiaries, have
      melakukan penyewaan dan pengelolaan ruang                                     engaged in leasing and management of office
      perkantoran, penjualan unit apartemen, jasa                                   space, sales of apartment units, maintenance
      pemeliharaan dan perawatan dan service charge                                 and care services, and service charge to related
      kepada pihak berelasi dengan menggunakan                                      parties using pricing terms and policies that may
      kebijakan harga dan syarat yang mungkin                                       be different from third parties. Trade receivables
      berbeda dengan pihak ketiga. Piutang usaha                                    in relation to these transactions are presented as
      sehubungan dengan transaksi tersebut disajikan                                part of “Trade Receivables - Related Parties”
      sebagai bagian dari akun “Piutang Usaha - Pihak                               account in the consolidated statements of
      Berelasi” pada laporan        posisi keuangan                                 financial position.
      konsolidasian.

   b. Piutang lain-lain                                                          b. Other receivables

                                                      2023                                        2022
                                                           Persentase                                  Persentase
                                                         terhadap Total                              terhadap Total
                                                              Aset/                                       Aset/
                                                          Percentage                                  Percentage
                                       Total/               to Total               Total/               to Total
                                       Total                 Assets                Total                 Assets
       PT Petrocom Nuansa                                                                                                           PT Petrocom Nuansa
         Nusantara                         2.673                0,031%                    2.673             0,027%                          Nusantara
       Dikurangi cadangan kerugian                                                                                                     Less allowance for
            penurunan nilai                2.673                0,031%                    2.673             0,027%                     impairment loss
       Neto                                       -                      -                    -                     -                                    Net



      Seluruh piutang lain-lain dari pihak berelasi Grup                            All of the Group’s other receivables to related
      dalam denominasi mata uang Rupiah.                                            parties are denominated in Rupiah currency.

      Manajemen Grup berkeyakinan bahwa cadangan                                    The Group’s management believes that
      kerugian penurunan nilai tersebut di atas adalah                              allowance for impairment losses is adequate to
      cukup untuk menutup kemungkinan kerugian atas                                 cover possible losses from uncollectible
      tidak   tertagihnya  piutang     pada    tanggal                              receivables as of December 31, 2023 and 2022.
      31 Desember 2023 dan 2022.

   c. Piutang pihak berelasi                                                     c. Due from related parties

                                                  2023                                       2022
                                                          Persentase                                 Persentase
                                                        terhadap Total                             terhadap Total
                                                             Aset/                                      Aset/
                                                         Percentage                                 Percentage
                                      Total/               to Total              Total/               to Total
                                      Total                 Assets               Total                 Assets

       PT Permata Sakti Mandiri          45.355                0,525%               45.268                0,457%            PT Permata Sakti Mandiri
       PT Lapindo Brantas                 6.728                0,078%                6.728                0,068%                  PT Lapindo Brantas
       PT Pazkul Kahuripan Premiere       4.685                0,054%                4.291                0,043%        PT Pazkul Kahuripan Premiere
       PT Persija Jaya Jakarta            4.500                0,052%                    -                     -              PT Persija Jaya Jakarta
       PT Persija Jakarta Property        3.000                0,035%                    -                     -           PT Persija Jakarta Property
       PT Persija Jakarta Hebat           3.000                0,035%                    -                     -             PT Persija Jakarta Hebat
       Minarak Labuan Co. Ltd.            1.366                0,016%               28.672                0,289%             Minarak Labuan Co. Ltd.
       PT Fast Manajemen Properti             -                     -               16.158                0,163%         PT Fast Manajemen Properti
       Lain-lain (masing-masing                                                                                                     Other (each below
         di bawah Rp2 miliar)             6.689                0,077%                9.160                0,092%                        Rp2 billion)

       Total                             75.323                0,872%              110.277                1,112%                                 Total
       Dikurangi cadangan kerugian                                                                                                     Less allowance
          penurunan nilai                16.254                0,188%               36.836                0,372%                for impairment loss

       Neto                              59.069                0,684%               73.441                0,740%                                  Net



                                                                 107
Page 386
PT BAKRIELAND DEVELOPMENT Tbk                                                   PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                   NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                                   FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                                  FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                                       DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                              (Expressed in millions of Rupiah, unless otherwise
lain)                                                                           stated)

38. TRANSAKSI DAN SALDO DENGAN PIHAK-PIHAK                                      38. TRANSACTIONS    AND     BALANCES                                     WITH
    BERELASI (Lanjutan)                                                             RELATED PARTIES (Continued)

      Mutasi penyisihan atas cadangan penurunan nilai                                   The changes in the allowance for impairment
      piutang pihak berelasi adalah sebagai berikut:                                    loss of due from related parties are as follows:

                                                                   2023              2022
                                                                                                                                      Balance at beginning
       Saldo awal tahun                                              36.836             74.082                                               of the year
       Penambahan penyisihan (Catatan 36)                             6.338              7.164                               Addition of provision (Note 36)
       Pemulihan penyisihan (Catatan 36)                            (22.455)           (44.410)                               Reversal provision (Note 36)
       Penghapusan penyisihan                                        (4.465)                 -                                         Write-off of provision
       Saldo akhir tahun                                             16.254             36.836                                 Balance at end of the year


      Seluruh saldo piutang pihak berelasi Grup dalam                                   All of the Group’s due from related parties are
      denominasi mata uang Rupiah.                                                      denominated in Rupiah currency.

      Piutang pihak berelasi berasal dari pemberian                                     Balance due from related parties represents
      pinjaman dana (uang muka) dan penggantian                                         borrowings (advances) and reimbursement of
      biaya kepada pihak berelasi. Piutang-piutang ini                                  expenses to related parties. These receivables
      tidak dibebani bunga dan tidak memiliki jadwal                                    bear no interest and have no fixed repayment
      pelunasan kembali yang tetap.                                                     period.

      Pada tanggal 31 Desember 2023 dan 2022,                                           As of December 31, 2023 and 2022, due from
      piutang dari Minarak Labuan Co. Ltd. (MLC)                                        Minarak Labuan Co. Ltd. (MLC) represents due
      merupakan piutang PT Mutiara Masyhur Sejahtera                                    from of PT Mutiara Masyhur Sejahtera (MMS), a
      (MMS), Entitas Anak, atas penjualan investasi                                     Subsidiary, on the sales of shares ownership
      saham MMS di PT Indah Mayang Sari dan                                             MMS in PT Indah Mayang Sari and sales of land.
      penjualan tanah.

      Manajemen Grup berkeyakinan bahwa cadangan                                        The Group’s management believes that the
      kerugian penurunan nilai piutang pihak berelasi                                   allowance for impairment of due from related
      telah memadai untuk menutup kerugian kredit                                       parties is adequate to cover expected credit
      ekspektasian atas piutang pihak berelasi tidak                                    losses related to uncollectible amounts due from
      tertagih berdasarkan hasil penelaahan piutang                                     related parties based on the review of receivable
      pada akhir tahun.                                                                 status at the end of the year.

   d. Utang pihak berelasi                                                          d. Due to related parties

                                                      2023                                           2022
                                                               Persentase                                     Persentase
                                                             terhadap Total                                 terhadap Total
                                                                Liabilitas/                                    Liabilitas/
                                                              Percentage                                     Percentage
                                     Total/                      To Total           Total/                      To Total
                                     Total                      Liabilities         Total                      Liabilities

       PT Minarak Artha Raya                  5.632                   0,225%                 5.632                   0,211%                PT Minarak Artha Raya
       PT Minarak Brantas Gas                 3.782                   0,151%                 3.782                   0,142%               PT Minarak Brantas Gas
       PT Sanggraha Pelita                                                                                                                    PT Sanggraha Pelita
         Development Services                 2.521                   0,101%                 2.521                   0,094%               Development Services
       PT Petromine Energy Trading            1.000                   0,040%                 1.000                   0,037%           PT Petromine Energy Trading
       PT Bakrie Capital Indonesia                -                        -                 7.498                   0,281%            PT Bakrie Capital Indonesia
       Lain-lain (masing-masing                                                                                                                 Other (each below
         di bawah Rp1 miliar)                 6.869                   0,274%                 5.833                   0,218%                         Rp1 billion)

       Total                              19.804                      0,791%             26.266                      0,983%                                 Total



      Utang kepada PT Minarak Brantas Gas                                               Payable to PT Minarak Brantas Gas represents a
      merupakan utang dana talangan yang diterima                                       bridging loan received by GAP, Subsidiary.
      oleh GAP, Entitas Anak. Pinjaman ini tidak dikenai                                These payables are non-interest bearing. This
      bunga. Perjanjian ini telah diperbarui dari waktu ke                              agreement has been amended several times, the
      waktu, perubahan terakhir pada tanggal                                            latest on December 28, 2022 which extends the
      28 Desember 2022, sampai dengan tanggal                                           term until December 30, 2024.
      30 Desember 2024.

                                                                          108
Page 387
PT BAKRIELAND DEVELOPMENT Tbk                                         PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                      AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                         NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                         FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                        FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                             DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                    (Expressed in millions of Rupiah, unless otherwise
lain)                                                                 stated)

38. TRANSAKSI DAN SALDO DENGAN PIHAK-PIHAK                            38. TRANSACTIONS    AND     BALANCES                     WITH
    BERELASI (Lanjutan)                                                   RELATED PARTIES (Continued)

      Utang pihak berelasi berasal dari pemberian                            Balance due to related parties represents
      pinjaman dana (uang muka) dan penggantian                              borrowings (advances) and reimbursement of
      biaya kepada pihak berelasi. Utang-utang ini tidak                     expenses to related parties. These payables
      dibebani bunga dan tidak memiliki jadwal                               bear no interest and have no fixed repayment
      pelunasan kembali yang tetap.                                          period.

      Seluruh utang pihak berelasi            Grup      dalam                All of the Group’s due to related parties are
      denominasi mata uang Rupiah.                                           denominated in Rupiah currency.

   e. Uang muka pelanggan                                                 e. Advance from customers

                                                 2023                                  2022
                                                       Persentase                           Persentase
                                                     terhadap Total                       terhadap Total
                                                        Liabilitas/                          Liabilitas/
                                                      Percentage                           Percentage
                                     Total/              to Total          Total/             to Total
                                     Total              Liabilities        Total             Liabilities

       Lain-lain (masing-masing                                                                                      Other (each below
         di bawah Rp2 miliar)           17.786              0,709%            29.635             1,109%                  Rp2 billion)



   f. Pendapatan ditangguhkan                                             f. Deferred income

                                                 2023                                  2022
                                                       Persentase                           Persentase
                                                     terhadap Total                       terhadap Total
                                                        Liabilitas/                          Liabilitas/
                                                      Percentage                           Percentage
                                     Total/              to Total          Total/             to Total
                                     Total              Liabilities        Total             Liabilities

       Lain-lain (masing-masing                                                                                      Other (each below
         di bawah Rp2 miliar)            5.855              0,233%             4.142             0,155%                  Rp2 billion)



   g. Imbalan kerja jangka pendek                                         g. Short-term employee benefits

      Gaji dan kompensasi lainnya yang dibayarkan                            Remunerations to the Boards of Commissioners
      kepada Dewan Komisaris dan Direksi Grup pada                           and Directors of the Group in 2023 and 2022 are
      tahun 2023 dan 2022 adalah sebagai berikut:                            as follows:


                                                         2023               2022
       Direksi                                             3.315                5.418                            Board of Directors
       Dewan Komisaris                                     3.093                2.650                      Board of Commissioners
       Total                                               6.408                8.068                                          Total



39. INFORMASI SEGMEN                                                  39. SEGMENT INFORMATION

   Grup memiliki usaha yang terbagi dalam lima divisi                     The Group divides its business into five operational
   operasi, yang meliputi usaha yang berhubungan                          divisions, comprising of:
   dengan:
   (i) Divisi I terdiri dari penjualan tanah, rumah,                      (i) Division I represents sales of land, residential,
        apartemen/ kondotel dan ruang perkantoran;                             apartment/ condotel and office spaces;
   (ii) Divisi II terdiri dari sewa dan pengelolaan                       (ii) Division II represents rental and management of
        perkantoran, ruangan, lapangan dan iuran                               office, spaces, courts and membership fees;
        keanggotaan;


                                                                109
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PT BAKRIELAND DEVELOPMENT Tbk                                                                      PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                                   AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                      NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                                                      FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                                                     FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                                                          DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                                                 (Expressed in millions of Rupiah, unless otherwise
lain)                                                                                              stated)

39. INFORMASI SEGMEN (Lanjutan)                                                                     39. SEGMENT INFORMATION (Continued)

   (iii) Divisi III terdiri dari hotel, makanan dan minuman;                                                 (iii) Division III represents hotel, food                                      and
                                                                                                                   beverages;
   (iv) Divisi IV terdiri dari taman hiburan; dan                                                            (iv) Division IV represents theme parks; and
   (v) Divisi V terdiri dari lain-lain.                                                                      (v) Division V represents others.`

   Informasi segmen berikut ini dilaporkan berdasarkan                                                       The following segment information is reported based
   informasi yang digunakan oleh manajemen untuk                                                             on the information used by management to evaluate
   mengevaluasi kinerja setiap segmen dan menentukan                                                         the performance of each segment and the allocation
   alokasi sumber daya.                                                                                      of resources.

                                                                                               2023
                                      Divisi I/        Divisi II/        Divisi III/        Divisi IV/        Divisi V/        Eliminasi/        Konsolidasi/
                                     Division I       Division II       Division III       Division IV       Division V       Elimination       Consolidation
    Pendapatan usaha neto                275.853          644.196           308.389             44.952                    -                 -       1.273.390                      Net revenues
    Beban pokok pendapatan               216.222          515.682            92.878             11.757                    -                 -         836.539                  Cost of revenues
    Laba kotor                            59.631          128.514           215.511             33.195                    -                 -         436.851                        Gross profit
    Beban penjualan                       (5.808)             (869)           (9.883)           (1.623)                   -                 -         (18.183)                 Selling expenses
    Beban umum dan                                                                                                                                                                  General and
      administrasi                      (126.717)          (89.092)         (90.668)           (18.122)            (371)                    -        (324.970)       administrative expenses
                                                                                                                                                                                    Income (loss)
    Laba (rugi) usaha                    (72.894)           38.553          114.960             13.450             (371)                    -          93.698                   from operation
    Kerugian penurunan nilai                                                                                                                                              Loss on impairment of
      goodwill                          (809.615)                   -                  -                 -                -                 -        (809.615)                         goodwill
    Beban bunga dan                                                                                                                                                        Interest expense and
      keuangan - neto                    (56.899)           (5.916)             (197)          (11.629)               (8)                   -         (74.649)         financial charges - net
    Bagian atas rugi neto                                                                                                                                                    Share in net loss of
      Entitas Asosiasi                   (52.495)                -                     -             -          (19.618)            26.078            (46.035)                    an Associate
    Beban pajak final                     (6.907)           (8.824)                    -          (289)               -                  -            (16.020)                Final tax expenses
    Laba (rugi) selisih                                                                                                                                                    Gain (loss) on foreign
      kurs - neto                        (17.854)              339                     -                 -        4.636                     -         (12.879)                 exchange - net
    Kerugian atas                                                                                                                                                        Loss from demolition of
      pembongkaran bangunan               (4.477)                   -                  -                 -                -                 -          (4.477)                         building
    Rugi atas pembatalan                                                                                                                                               Loss on unit cancellation
      penjualan unit                                                                                                                                                    of sales of residential
      rumah dan apartemen                 (3.350)                   -                  -                 -                -                 -          (3.350)                and apartments
                                                                                                                                                                        Gain (loss) on sales and
    Laba (rugi) atas penjualan dan                                                                                                                                    disposal of fixed assets
      penghapusan aset tetap dan                                                                                                                                               and investment
      properti investasi - neto              151                 -             (114)            (1.907)               -                     -          (1.870)                 properties - net
    Lain-lain - neto                     (80.246)           (1.004)         (78.248)             3.642          (86.187)                    -        (242.043)                     Others - net
    Laba (rugi)                                                                                                                                                              Profit (loss) before
      sebelum manfaat                                                                                                                                                         income for tax
      (beban) pajak penghasilan       (1.104.586)           23.148           36.401              3.267         (101.548)            26.078         (1.117.240)              benefit (expense)
    Manfaat (beban)                                                                                                                                                           Income tax benefit
      pajak penghasilan - neto                    -         (1.604)           (3.713)                    -                -                 -          (5.317)                 (expense) - net
    Laba (rugi) neto                  (1.104.586)           21.544           32.688              3.267         (101.548)            26.078         (1.122.557)                   Net profit (loss)

    Penghasilan                                                                                                                                                          Other comprehensive
      komprehensif lain                                                                                                                                                            income

    Pos yang tidak direklasifikasi                                                                                                                                        Item not reclassified
      ke laba rugi                                                                                                                                                             to profit loss
      Keuntungan (kerugian)
         aktuarial                         2.000            (5.236)           1.589                      -                -                 -          (1.647)            Actuarial (loss) gain
      Pajak penghasilan terkait                -               632                -                      -                -                 -             632             Related income tax

    Pos yang direklasifikasi                                                                                                                                                   Item reclassified
      ke laba rugi                                                                                                                                                               to profit loss
      Rugi yang belum direalisasi
         investasi pada entitas                                                                                                                                             Unrealized loss on
         asosiasi                        (11.121)                   -                  -                 -                -                 -         (11.121)      investment in associate
      Selisih kurs atas                                                                                                                                                     Foreign exchange
         penjabaran laporan                                                                                                                                       differences from financial
            keuangan                              -                 -                  -                 -       24.091                     -          24.091         statements translation
    Penghasilan (rugi)                                                                                                                                                     Other comprehensive
      komprehensif lain -                                                                                                                                                     income (loss) -
      setelah pajak                       (9.121)           (4.604)           1.589                  -           24.091                     -          11.955                       net of tax
    Penghasilan (rugi)
      komprehensif                                                                                                                                                         Net comprehensive
      neto                            (1.113.707)           16.940           34.277              3.267          (77.457)            26.078         (1.110.602)               income (loss)
    Informasi segmen lainnya                                                                                                                                     Other information of segment
       Aset segmen                    30.126.919       18.680.715         1.374.370           219.073         1.647.016         (43.409.040)        8.639.053                Segment assets
       Liabilitas segmen              18.517.909       16.368.871           127.788            21.683         1.270.171         (33.798.614)        2.507.808              Segment liabilities




                                                                                           110
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PT BAKRIELAND DEVELOPMENT Tbk                                                                      PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                                   AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                      NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                                                      FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                                                     FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                                                          DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                                                 (Expressed in millions of Rupiah, unless otherwise
lain)                                                                                              stated)

39. INFORMASI SEGMEN (Lanjutan)                                                                     39. SEGMENT INFORMATION (Continued)

                                                                                               2022
                                      Divisi I/        Divisi II/        Divisi III/        Divisi IV/        Divisi V/            Eliminasi/        Konsolidasi/
                                     Division I       Division II       Division III       Division IV       Division V           Elimination       Consolidation
    Pendapatan usaha neto                183.075          527.630           258.292             58.235                    -                     -       1.027.232                      Net revenues
    Beban pokok pendapatan               145.551          410.134            77.092             49.205                    -                     -         681.982                   Cost of revenues
    Laba kotor                            37.524          117.496           181.200              9.030                    -                     -         345.250                        Gross profit
    Beban penjualan                       (6.772)             (933)           (8.766)           (2.283)                   -                477            (18.277)                  Selling expenses
    Beban umum dan                                                                                                                                                                      General and
      administrasi                      (138.065)          (88.266)         (93.385)           (40.876)            (578)                        -        (361.170)       administrative expenses
                                                                                                                                                                                        Income (loss)
    Laba (rugi) usaha                   (107.313)           28.297           79.049            (34.129)            (578)                   477            (34.197)                  from operation
    Laba (rugi) selisih                                                                                                                                                        Gain (loss) on foreign
      kurs - neto                        105.299            (1.558)                    -             -              429                         -         104.170                   exchange - net
    Laba atas penjualan                                                                                                                                                                Gain on sales
      aset tetap - neto                      244                    -             65                 -                    -                     -             309             of fixed assets - net
    Kerugian neto yang
      diasosiasikan dengan                                                                                                                                                       Net loss associated
          hilangnya pengendalian                                                                                                                                              with the loss control
          atas Entitas Anak             (641.688)                   -                  -                 -                -                     -        (641.688)                of Subsidiary
    Beban bunga dan                                                                                                                                                            Interest expense and
      keuangan - neto                    (75.291)           (3.272)             (280)          (24.739)             (22)                        -        (103.604)         financial charges - net
    Kerugian atas                                                                                                                                                            Loss from demolition of
      pembongkaran bangunan                       -                 -                  -       (34.363)                   -                     -         (34.363)                         building
    Rugi atas pembatalan                                                                                                                                                   Loss on unit cancellation
      penjualan unit                                                                                                                                                        of sales of residential
          rumah dan apartemen            (31.105)                   -                  -                 -                -                     -         (31.105)             and apartments
    Bagian atas rugi neto                                                                                                                                                        Share in net loss of
      Entitas Asosiasi                   (16.226)                -                -                  -         (293.923)               293.923            (16.226)                   an Associate
    Beban pajak final                     (2.488)           (7.837)               -                  -                -                      -            (10.325)                Final tax expenses
    Lain-lain - neto                     613.909            (1.193)         (60.616)               700           (2.292)              (568.488)           (17.980)                    Others - net
    Laba (rugi)                                                                                                                                                                  Profit (loss) before
      sebelum manfaat                                                                                                                                                             income for tax
      (beban) pajak penghasilan         (154.659)           14.437           18.218            (92.531)        (296.386)              (274.088)          (785.009)              benefit (expense)
    Manfaat (beban)                                                                                                                                                               Income tax benefit
      pajak penghasilan - neto                    -         (3.369)           (1.241)                -                    -                     -          (4.610)                 (expense) - net
    Laba (rugi) neto                    (154.659)           11.068           16.977            (92.531)        (296.386)              (274.088)          (789.619)                   Net profit (loss)

    Penghasilan                                                                                                                                                              Other comprehensive
      komprehensif lain                                                                                                                                                                income

    Pos yang tidak direklasifikasi                                                                                                                                              Item not reclassified
      ke laba rugi                                                                                                                                                                   to profit loss
      Keuntungan (kerugian)
         aktuarial                         1.142            (4.368)             (124)                -                    -                     -          (3.350)            Actuarial (loss) gain
      Pajak penghasilan terkait                -             1.073                 -                 -                    -                     -           1.073             Related income tax

    Pos yang direklasifikasi                                                                                                                                                         Item reclassified
      ke laba rugi                                                                                                                                                                     to profit loss
      Selisih kurs atas                                                                                                                                                         Foreign exchange
         penjabaran laporan                                                                                                                                           differences from financial
            keuangan                              -                 -                  -             -         (113.066)                        -        (113.066)        statements translation
    Penghasilan (rugi)                                                                                                                                                         Other comprehensive
      komprehensif lain -                                                                                                                                                         income (loss) -
      setelah pajak                        1.142            (3.295)             (124)                -         (113.066)                        -        (115.343)                      net of tax
    Penghasilan (rugi)
      komprehensif                                                                                                                                                              Net comprehensive
      neto                              (153.517)            7.773           16.853            (92.531)        (409.452)              (274.088)          (904.962)                income (loss)
    Informasi segmen lainnya                                                                                                                                         Other information of segment
       Aset segmen                    30.422.276       18.498.880         1.351.646          1.138.017        1.667.432            (43.164.792)         9.913.459                Segment assets
       Liabilitas segmen              18.182.730       16.471.373           272.483            880.098        1.213.130            (34.348.202)         2.671.612              Segment liabilities




40. KOMPONEN EKUITAS LAINNYA                                                                        40. OTHER COMPONENT OF EQUITY

                                                                              2023                           2022
    Keuntungan aktuarial                                                         21.284                         22.299                                              Actuarial gain
                                                                                                                                                               Foreign exchange
    Selisih kurs atas penjabaran                                                                                                                    differences from financial
        laporan keuangan                                                      (844.505)                      (868.596)                                  statements translation
    Rugi yang belum direalisasi                                                                                                                                Unrealized loss on
        investasi pada entitas asosiasi                                         (11.121)                                      -                       investment in associate
    Lain-lain (masing-masing                                                                                                                                  Others (each below
        di bawah Rp2 miliar)                                                     84.434                         84.434                                          of Rp2 billion)
    Total                                                                     (749.908)                      (761.863)                                                                      Total




                                                                                           111
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PT BAKRIELAND DEVELOPMENT Tbk                                                     PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                  AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                     NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                                     FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                                    FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                                         DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                                (Expressed in millions of Rupiah, unless otherwise
lain)                                                                             stated)

41. KEPENTINGAN NONPENGENDALI                                                     41. NON-CONTROLLING INTEREST

   a. Ekuitas - kepentingan nonpengendali                                              a. Equity - non-controlling interest

       Rincian ekuitas dari kepentingan nonpengendali                                      The detail of equity from non-controlling interest
       atas aset neto Entitas Anak pada tanggal                                            in  net     asset    of   Subsidiaries    as    of
       31 Desember 2023 dan 2022 adalah sebagai                                            December 31, 2023 and 2022 is as follows:
       berikut:

                                                                  2023                    2022
       PT Graha Andrasentra                                                                                                 PT Graha Andrasentra
          Propertindo Tbk                                          651.497                 676.936                              Propertindo Tbk
       PT Jasa Boga Raya                                             2.625                   2.136                              PT Jasa Boga Raya
       PT Bakrie Swasakti Utama                                   (146.141)               (127.725)                      PT Bakrie Swasakti Utama
       PT Krakatau Lampung                                                                                                  PT Krakatau Lampung
          Tourism Development                                          (2.615)               (2.616)                      Tourism Development
       Neto                                                        505.366                 548.731                                                   Net


   b. Rugi neto yang dapat diatribusikan kepada                                        b. Net loss            attributable    to     non-controlling
      kepentingan nonpengendali                                                           interest

       Rugi komprehensif neto tahun berjalan yang dapat                                    Net comprehensive loss for the year attributable
       diatribusikan kepada kepentingan nonpengendali                                      to non-controlling interest during 2023 and 2022
       selama tahun 2023 dan 2022 adalah sebagai                                           is as follows:
       berikut:

                                                      2023                                           2022
                                                          Total Penghasilan                                  Total Rugi
                                                         (Rugi) Komprehensif                               Komprehensif
                                        Laba (Rugi)        Tahun Berjalan/              Rugi              Tahun Berjalan/
                                      Tahun Berjalan/   Total Comprehensive        Tahun Berjalan/     Total Comprehensive
                                      Income (Loss)         Income (Loss)              Loss                    Loss
                                       For the Year          For the Year           For the Year           For the Year

       PT Krakatau Lampung                                                                                                             PT Krakatau Lampung
         Tourism Development                        1                       1                     4                     4            Tourism Development
       PT Jasa Boga Raya                          489                     489                   (96)                  (96)               PT Jasa Boga Raya
       PT Graha Andrasentra                                                                                                            PT Graha Andrasentra
         Propertindo Tbk                      (25.439)                 (25.439)            (464.404)             (464.404)                 Propertindo Tbk
       PT Bakrie Swasakti Utama               (18.416)                 (18.416)             (79.814)              (79.814)         PT Bakrie Swasakti Utama

       Neto                                   (43.365)                 (43.365)            (544.310)             (544.310)                             Net




42. RUGI PER SAHAM DASAR/DILUSIAN                                                 42. BASIC/DILUTED LOSS PER SHARE

   Berikut adalah rekonsiliasi pembilang dan penyebut                                  The following presents the reconciliation of the
   yang digunakan untuk perhitungan rugi per lembar                                    numerators and denominators used in the
   saham dasar dan dilusian:                                                           computation of basic and diluted loss per share:

                                                                               2023
                                                                          Total Rata-rata            Rugi
                                                                        Tertimbang Saham          Per Saham/
                                                      Rugi                 yang Beredar/        Loss Per Share
                                                 Tahun Berjalan/         Average Number         (Rupiah Penuh/
                                                      Loss                of Outstanding         Full Amount
                                                  For the Year                Shares              in Rupiah)

    Rugi per saham dasar                                                                                                            Basic loss per share
    Rugi neto bersih yang dapat                                                                                                                  Net loss
       diatribusikan kepada pemilik                                                                                            attributable to owner
       Entitas Induk                                     (1.122.557)                43.522                  (25,79)             of the Parent Entity




                                                                           112
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PT BAKRIELAND DEVELOPMENT Tbk                                      PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                   AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                      FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                     FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                          DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                 (Expressed in millions of Rupiah, unless otherwise
lain)                                                              stated)

42. RUGI PER SAHAM DASAR/DILUSIAN (Lanjutan)                       42. BASIC/DILUTED LOSS PER SHARE (Continued)

                                                                  2022
                                                             Total Rata-rata           Rugi
                                                           Tertimbang Saham         Per Saham/
                                              Rugi            yang Beredar/       Loss Per Share
                                         Tahun Berjalan/    Average Number        (Rupiah Penuh/
                                              Loss           of Outstanding        Full Amount
                                          For the Year           Shares             in Rupiah)

    Rugi per saham dasar                                                                                       Basic loss per share
    Rugi neto bersih yang dapat                                                                                             Net loss
       diatribusikan kepada pemilik                                                                       attributable to owner
       Entitas Induk                          (789.619)              43.522              (18,14)           of the Parent Entity



   Pada tahun 2023 dan 2022, harga pasar rata-rata                     In 2023 and 2022, the average market price of the
   saham Perusahaan sebesar Rp50, lebih rendah dari                    Company’s shares amounted to Rp50, below from
   harga pelaksanaan waran sebesar Rp165, oleh                         warrants     exercise    price    amounted     to
   sebab itu dampak dari konversi waran dan opsi                       Rp165, therefore, the effects of the warrants
   saham tersebut tidak diperhitungkan untuk tujuan                    conversion and stock option were not computed for
   perhitungan laba neto per saham dilusian (antidilutif).             calculation of diluted earnings per share (anti-
                                                                       dilutive).


43. PERJANJIAN-PERJANJIAN             DAN    KOMITMEN              43. SIGNIFICANT                 AGREEMENTS                AND
    PENTING                                                            COMMITMENTS

    a.   Pada tanggal 24 September 2004, PT Bakrie                     a. On September 24, 2004, PT Bakrie Swasakti
         Swasakti Utama (BSU), Entitas Anak, dengan                       Utama (BSU), a Subsidiary, and BAPPENAS
         BAPPENAS menandatangani perjanjian Bangun                        signed an Agreement of Build, Operate and
         Guna Serah/BOT (Build, Operate and Transfer)                     Transfer (BOT) No. 4300/SES/09/2004 revoking
         No. 4300/SES/09/2004 yang memperbaharui                          the previous agreement No. 4973/WK/8/1995
         perjanjian sebelumnya yaitu No. 4973/WK/8/1995                   and 950A/WK/2/1998. The agreements stipulate
         dan 950A/WK/2/1998. Perjanjian tersebut berisi                   as followings:
         antara lain:
         - Kompensasi yang akan diberikan BSU                                 -     The compensation which should be
              kepada BAPPENAS berupa tanah seluas                                   rendered by BSU to BAPPENAS in the
              kurang lebih 1,4 ha yang terletak di Desa                             form of land approximately of 1.4 ha
              Jatisari dan Desa Jati Sampurna, Kota                                 located at Jatisari Village and Jati
              Bekasi. Kompensasi tersebut diberikan BSU                             Sampurna Village, Bekasi City. The
              sehubungan dengan pembangunan gedung                                  compensation rendered by BSU in respect
              di atas tanah BAPPENAS yang berlokasi di                              with the construction of buildings on the
              Jl. H.R. Rasuna Said Kav. B2.                                         Bappenas’ land at Jl. H.R Rasuna Said
                                                                                    Kav. B2.
         -   Perubahan setoran kepada Pemerintah                              -     The change on the amount to be paid to
             melalui Kantor Kas Negara selama jangka                                the Government during the operation
             waktu pengelolaan yang semula sebesar                                  period from US$28,572 to Rp245.92 million
             US$28.572 setiap tahun menjadi sebesar                                 annually.
             Rp245,92 juta setiap tahun.

         -   Masa BOT dihitung mulai berlaku tanggal                          -     The BOT period is effective from
             1 Januari 2005 sampai 31 Desember 2029.                                January 1, 2005 to December 31, 2029.

    b.   Grup mengadakan perjanjian jasa pengelolaan                   b. The Group conducted a service hotel/apartment
         hotel/apartemen dengan rincian sebagai berikut:                  management agreements with the details as
                                                                          follows:
         (i) Pada tanggal 20 Agustus 2007, BSU, pemilik                    (i) On August 20, 2007, BSU, the unit owners
             unit menandatangani perjanjian dengan                             entered into the agreement with Aston on
             Aston sehubungan dengan pengelolaan                               operational        management         of
             Hotel/Apartemen Aston yang terletak di The                        Hotel/Apartemen Aston located at The
             Grove Suites kompleks Rasuna Epicentrum.                          Grove Suites at Rasuna Epicentrum
                                                                               complex.



                                                             113
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PT BAKRIELAND DEVELOPMENT Tbk                                       PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                    AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                       FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                      FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                           DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                  (Expressed in millions of Rupiah, unless otherwise
lain)                                                               stated)

43. PERJANJIAN-PERJANJIAN            DAN      KOMITMEN              43. SIGNIFICANT      AGREEMENTS                     AND
    PENTING (Lanjutan)                                                  COMMITMENTS (Continued)

            Jangka waktu perjanjian adalah 5 tahun                              The term of the agreement is 5 years since
            sejak peresmian apartemen dan dapat                                 the formal opening and can be extended
            diperpanjang sesuai perjanjian. Perjanjian ini                      according to the agreement. This
            telah diperbarui dari waktu ke waktu,                               agreement has been amended several
            perubahan      terakhir    pada      tanggal                        times, the latest was amended on
            7 September 2021 untuk jangka waktu                                 September 7, 2021 for a period of 5 years.
            5 tahun.

        (ii) Pada tanggal 4 Februari 2021, RRD, Entitas                     (ii) On February 4, 2021, RRD, a Subsidiary,
             Anak, menandatangani perjanjian dengan                              signed an agreement with PT Metropolitan
             PT Metropolitan      Golden    Management                           Golden    Management      regarding   the
             sehubungan         dengan       pengelolaan                         management of Horison Suites &
             Hotel/Apartemen       Horison    Suites     &                       Residences Rasuna Epicentrum located in
             Residences Rasuna Epicentrum yang                                   Jakarta. The term of the agreement is
             berlokasi di Jakarta. Jangka waktu perjanjian                       10 years and can be extended according to
             adalah 10 tahun dan dapat diperpanjang                              the agreement.
             sesuai perjanjian.

        (iii) Pada tanggal 24 Februari 2012, PT Graha                       (iii) On February 24, 2012, PT Graha Multi
              Multi    Insani   (GMI),    Entitas    Anak,                        Insani (GMI), a Subsidiary, signed
              menandatangani perjanjian manajemen                                 management       agreement            with
              dengan     PT    Archipelago    International                       PT Archipelago International Indonesia on
              Indonesia sehubungan dengan pengelolaan                             operational management of Hotel Neo+
              Hotel     Neo+    Awana     yang     terletak                       Awana located in Yogyakarta. The
              di Yogyakarta. Jangka waktu perjanjian                              agreement was valid for 10 years. On
              adalah 10 tahun. Pada tanggal 1 April 2015,                         April 1, 2015,  GMI      authorized   and
              GMI memberi kuasa dan penunjukkan RRD,                              appointed RRD, a Subsidiary, as Owner
              Entitas Anak, sebagai Owner Representative                          Representative     to      perform     the
              untuk melakukan fungsi pengelolaan.                                 management functions.

            Perjanjian ini telah diperbarui dari waktu ke                       This agreement has been amended several
            waktu, perubahan terakhir pada tanggal                              times, the latest     was amended on
            29 Juli 2019 sehubungan dengan adendum                              July 29, 2019 related to the addendum of
            re-branding nama hotel dari Hotel Neo+                              hotel name re-branding from the Neo+
            Awana Yogyakarta menjadi The Alana Hotel                            Awana Yogyakarta to The Alana Hotel &
            & Conference Center - Malioboro. Perjanjian                         Conference Center - Malioboro. The term
            ini berlaku efektif selama 10 tahun sejak                           of the agreement are valid for 10 years
            tanggal 1 Januari 2020.                                             from January 1, 2020.

        (iv) Pada tanggal 28 Januari 2015, PT Bumi                          (iv) On January 28, 2015, PT Bumi Daya
             Daya Makmur (BDM) selaku Pemilik                                    Makmur (BDM) as Owner signed an
             menandatangani       perjanjian    dengan                           agreement       with   PT      Swiss-Belhotel
             PT Swiss-Belhotel International Indonesia                           International Indonesia (Swiss-Belhotel) as
             (Swiss-Belhotel)      selaku      Operator                          Operator     in     connection     with   the
             sehubungan dengan pengelolaan Hotel/                                management         of   Swiss-Belresidences
             Apartemen Swiss-Belresidences Rasuna                                Rasuna      Epicentrum        Hotel/Apartment
             Epicentrum yang berada di Jakarta. Jangka                           located in Jakarta. The term of the
             waktu perjanjian adalah sepuluh (10) tahun                          agreement is ten (10) years from the soft
             sejak pembukaan perdana (soft opening)                              opening and can be extended for another
             dan dapat diperpanjang selama sepuluh (10)                          ten (10) years with notification.
             tahun dengan pemberitahuan.




                                                              114
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PT BAKRIELAND DEVELOPMENT Tbk                                      PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                   AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                      FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                     FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                          DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                 (Expressed in millions of Rupiah, unless otherwise
lain)                                                              stated)

43. PERJANJIAN-PERJANJIAN           DAN      KOMITMEN              43. SIGNIFICANT      AGREEMENTS                   AND
    PENTING (Lanjutan)                                                 COMMITMENTS (Continued)

         (v) Pada bulan Juli 2008, PT Graha Andrasentra                    (v) In July 2008, PT Graha Andrasentra
             Propertindo Tbk (GAP), Entitas Anak,                              Propertindo Tbk (GAP), a Subsidiary, and
             menandatangani        perjanjian    dengan                        PT Archipelago International Indonesia
             PT Archipelago    International   Indonesia                       entered into an agreement on operational
             sehubungan dengan pengelolaan Hotel/                              management of Hotel/Apartment Aston
             Apartemen Aston yang terletak di Bogor,                           located ini Bogor, West Java. The
             Jawa Barat. Jangka waktu perjanjian selama                        agreement is valid for ten (10) years from
             sepuluh (10) tahun sejak pengoperasian                            the formal opening of the hotel and can be
             hotel dan dapat diperpanjang jika disetujui                       extended if agreed in accordance with the
             sesuai dengan perjanjiannya.                                      agreement.

             Perjanjian ini telah diperbarui pada tanggal                      This agreement has been renewed on
             2 November 2020 untuk jangka waktu lima                           November 2, 2020 for a period of five (5)
             (5) tahun efektif dari tanggal 1 Januari 2021                     years effective from January 1, 2021 until
             sampai 31 Desember 2025 dan dapat                                 December 31, 2025 and can be extended if
             diperpanjang jika disepakati sesuai dengan                        agreed according to the agreement.
             perjanjiannya.

    c.   Pada tanggal 22 Agustus 1998, BSU, Entitas                    c. On August 22, 1998, BSU, a Subsidiary,
         Anak, membuat perjanjian dengan Dinas                            entered into an agreement with Dinas Olahraga
         Olahraga DKI Jakarta tentang pengelolaan                         DKI Jakarta concerning the operation of
         Gelanggang Olahraga Mahasiswa Soemantri                          Gelanggang Olahraga Mahasiswa Soemantri
         Brodjonegoro (GMSB) & Plaza Festival di mana                     Brodjonegoro (GMSB) & Plaza Festival, which
         BSU berkewajiban untuk mendukung program                         BSU is obligated to support the sports founding
         pembinaan keolahragaan mahasiswa DKI                             program for students of DKI Jakarta by
         Jakarta melalui penyelenggaraan pertandingan                     conducting the inter-students sport competition
         olahraga antar mahasiswa dengan anggaran                         with annual budget of Rp300 million or by
         biaya Rp300 juta per tahun atau dengan cara                      paying cash of Rp300 million annually to Dinas
         menyerahkan dana Rp300 juta per tahun kepada                     Olahraga DKI Jakarta.
         Dinas Olahraga DKI Jakarta.

         Pada tanggal 31 Desember 2021, BSU dan                            On December 31 2021, BSU and the DKI
         Pemerintah Provinsi DKI manandatangani                            Provincial Government signed an additional
         perjanjian tambahan (adendum II) perubahan                        agreement (adendum) II changing the use of
         pemanfaatan Barang Milik Daerah dari Bangun,                      Regional Property from Build, Use, and Transfer
         Guna, Serah menjadi kerjasama pemanfaatan                         to cooperation in the use of land in the
         lahan    kawasan    Geklanggang      mahasiswa                    Geklanggang student Soemantri Brodjonegoro
         Soemantri Brodjonegoro (GMSB) dan telah                           (GMSB) area and has been determined for a
         ditetapkan untuk jangka waktu 30 tahun dan                        period of 30 years and can be be extended
         dapat diperpanjang sesuai perjanjian                              accordance with agreement.

         Perjanjian tersebut selanjutnya oleh BSU                          The agreement was further transferred by BSU
         dialihkan kepada PT Bakrie Pesona Rasuna,                         to PT Bakrie Pesona Rasuna, a Subsidiary.
         Entitas Anak.

    d.   Pada tanggal 6 Februari 2008, berdasarkan                     d. On February 6, 2008, based on the Joint
         perjanjian Kerjasama Usaha No. DIRUT/089/97/II                   Ventures agreement No. DIRUT/089/97/II/2008
         /2008     (untuk   Perum    Perumnas)     dan                    (for Perum Perumnas) and No. 010A/Perj-
         No. 010A/Perj-Kerjasama/BLD-Perumnas/II/2008                     Kerjasama/BLD-Perumnas/II/2008       (for  the
         (untuk Perusahaan), Perum Perumnas dan                           Company), Perum Perumnas and the Company
         Perusahaan mengadakan perjanjian Kerjasama                       entered into a Joint Ventures development and
         Usaha pembangunan dan pemasaran Rusunami                         marketing Rusunami (KSU agreement) on
         (perjanjian KSU) di atas tanah milik Perum                       Perum Perumnas property, in accordance with
         Perumnas,      sesuai  dengan     perencanaan                    the planning and development of Pulogebang
         pengembangan Kawasan Pulogebang dan                              Region and Sentra Primer Baru Timur under the
         Sentra Primer Baru Timur dengan nama KSO                         name of KSO Perum Perumnas - PT Bakrie
         Perum Perumnas - PT Bakrie Pangripta Loka                        Pangripta Loka (KSO PP-BPL).
         (KSO PP-BPL).




                                                             115
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PT BAKRIELAND DEVELOPMENT Tbk                                   PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                  FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                       DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan              (Expressed in millions of Rupiah, unless otherwise
lain)                                                           stated)

43. PERJANJIAN-PERJANJIAN         DAN      KOMITMEN             43. SIGNIFICANT      AGREEMENTS                    AND
    PENTING (Lanjutan)                                              COMMITMENTS (Continued)

       Perusahaan menunjuk PT Bakrie Pangripta Loka                     The Company had appointed PT Bakrie
       (BPL), Entitas Anak, untuk menggantikan posisi                   Pangripta Loka (BPL), a Subsidiary, to change
       Perusahaan dalam menjalankan perjanjian                          the Company’s position in running the Joint
       Kerjasama Usaha dengan Perum Perumnas dan                        Ventures of agreement with Perum Perumnas
       telah mendapat persetujuan dari Perum                            and has been approved by Perum Perumnas on
       Perumnas pada tanggal 8 April 2008. Laba atau                    April 8, 2008. Profits or losses from the
       rugi dari operasi akan didistribusikan dengan                    operations will be distributed with the
       persentase sebesar 51% untuk BPL dan 49%                         percentage of 51% to BPL and 49% to Perum
       untuk Perum Perumnas. Jangka waktu perjanjian                    Perumnas. The term of the agreement is
       tersebut adalah 36 bulan dan dapat diperpanjang                  36 months and can be extended based on the
       berdasarkan kesepakatan para pihak.                              agreement of both parties.

       Pada tanggal 24 Mei 2011, berdasarkan                            On May 24, 2011, based on joint controlled
       perjanjian Kerjasama Usaha, Perum Perumnas                       agreement, Perum Perumnas and the Company
       dan     Perusahaan    mengadakan      perjanjian                 entered into a Joint Ventures based on
       Kerjasama           Usaha          berdasarkan                   No. DIRUT/304/97/V/2011        (for    Perum
       No. DIRUT/304/97/V/2011       (untuk     Perum                   Perumnas)          and      No. 003/KSU/BLD
       Perumnas)       dan     No.      003/KSU/BLD-                    Perumnas/V/2011 (for the Company), Perum
       Perumnas/V/2011 (untuk Perusahaan), Perum                        Perumnas and the Company entered into a
       Perumnas     dan    Perusahaan     mengadakan                    Joint Ventures of development and marketing of
       perjanjian Kerjasama Usaha pembangunan dan                       commercial and residential buildings that are
       pemasaran gedung komersial dan hunian yang                       part of the planning and development in the
       merupakan bagian dari perencanaan dan                            area of HPL No. 2/1997 Pulogebang and Sentra
       pengembangan kawasan di atas tanah HPL                           Primer Baru Timur (SPBT) East Jakarta with an
       No. 2/1997 Pulogebang dan Sentra Primer Baru                     area of 31 ha.
       Timur (SPBT) Jakarta Timur seluas 31 ha.

       Perjanjian kerjasama operasi telah diperpanjang                  Operating agreement has been extended
       beberapa kali, terakhir berdasarkan Adendum III                  several times, most recently by Addendum III
       Perjanjian Kerjasama Operasi antara Perum                        Operation Agreement between Perumnas and
       Perumnas         dengan       BPL        tanggal                 BPL dated July 30, 2018, No. Second Party:
       30 Juli 2018, No. Pihak Kedua: 006.B/BPL-                        006.B/BPL-DIRUT/SPK-DS/VII-18. The term of
       DIRUT/SPK-DS/VII-18. Jangka waktu perjanjian                     the    agreement     was     extended  until
       tersebut diperpanjang sampai dengan tanggal                      March 31, 2020.
       31 Maret 2020.

       Pada tanggal 14 April 2020, BPL, Entitas Anak,                   On April 14, 2020, BPL, a Subsidiary, received
       menerima     Surat    Rencana      Pengakhiran                   Letter for Termination of the Sentra Primer Baru
       Kerjasama Proyek Sentra Primer Baru Timur dari                   Timur Project from Perumnas. The letter stated
       Perumnas. Dalam surat tersebut, Perumnas                         that Perumnas disagreed with the results of the
       menyatakan tidak setuju atas hasil audit laporan                 KSO’s audit financial statements for the years
       keuangan KSO untuk tahun yang berakhir pada                      ended December 31, 2019 and 2018. In
       tanggal 31 Desember 2019 dan 2018.                               accordance with such disputes, Perumnas
       Sehubungan dengan perselisihan tersebut,                         decided to cancel the plan to terminate joint
       Perumnas memutuskan untuk membatalkan                            operation which was previously scheduled
       rencana pengakhiran kerjasama operasi yang                       effective on March 31, 2020.
       sebelumnya dijadwalkan efektif per tanggal
       31 Maret 2020.

       Terkait perselisihan atas hasil audit tersebut,                  Regarding disagreement over the audit results,
       Perumnas menyatakan akan menyerahkan hal ini                     Perumnas stated to submit this issue to State
       kepada Badan Auditor Keuangan Negara, yaitu                      Financial Auditor Agency, namely Badan
       Badan Pemeriksa Keuangan (BPK) atau Badan                        Pemeriksa Keuangan (BPK) or Badan
       Pengawasan Keuangan dan Pembangunan                              Pengawasan Keuangan dan Pembangunan
       (BPKP) untuk dilakukan audit umum dan/atau                       (BPKP) to conduct general audit and/or forensic
       audit forensik atas laporan keuangan KSO PP-                     audit of the KSO PP-BPL financial statements.
       BPL.




                                                          116
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PT BAKRIELAND DEVELOPMENT Tbk                                      PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                   AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                      FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                     FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                          DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                 (Expressed in millions of Rupiah, unless otherwise
lain)                                                              stated)

43. PERJANJIAN-PERJANJIAN           DAN      KOMITMEN              43. SIGNIFICANT      AGREEMENTS                     AND
    PENTING (Lanjutan)                                                 COMMITMENTS (Continued)

       Efektif sejak tanggal 14 April 2020, sampai                         Starting from April 14, 2020, until the BPK or
       dengan proses audit BPK atau BPKP selesai                           BPKP audit process is complete, Perumnas has
       dilakukan, Perumnas meminta agar seluruh                            requested to postpone the entire project of KSO
       proyek KSO PP-BPL dibekukan terlebih dahulu.                        PP-BPL. KSO PP-BPL participants are not
       Pengelola KSO PP-BPL juga tidak diperbolehkan                       allowed to develop new projects or sell the
       untuk melakukan pengembangan proyek baru,                           remaining apartment units that are currently
       ataupun melakukan penjualan atas sisa unit                          available.
       apartemen yang tersedia saat ini.

       Bahwa sampai dengan adanya kesepakatan para                         Until the parties agreed to make a decision on
       pihak untuk pengambilan keputusan terhadap                          the continuation of the agreement, the parties
       tindak lanjut pelaksanaan perjanjian, maka para                     sign the minutes of agreement to support the
       pihak      menandatangani      Berita     Acara                     operational activities of KSO-PP-BPL.
       Kesepakatan      untuk   menunjang     kegiatan
       operasional KSO-PP-BPL.

       Pada tanggal 26 Januari 2022, BPL, Entitas                          On January 26, 2022, BPL, a Subsidiary,
       Anak,     menandatangani      Berita   Acara                        signed    Letter     of    Agreement     between
       Kesepakatan     antara   Perusahaan   Umum                          Perusahaan Umum Pembangunan Perumahan
       Pembangunan Perumahan Nasional (Perum                               Nasional (Perum Perumnas) and BPL (KSO
       Perumnas) dan BPL (KSO PP-BPL) mengenai                             PP-BPL)     regarding       the   implementation
       kegiatan pelaksanaan operasional KSO PP-BPL.                        operational activities of KSO PP-BPL. The term
       Jangka waktu perjanjian ini berlaku sampai                          of   the     agreement        was   valid    until
       dengan tanggal 31 Maret 2022.                                       March 31, 2022.

       a. Para pihak sepakat untuk menunggu hasil                          a. The parties agreed to wait for the audit result
          audit BPKP atas pelaksanaan perjanjian.                             of BPKP on the implementation of the
          Hasil auditnya akan dijadikan dasar                                 agreement. The audit results will be used as
          pertimbangan oleh BPL dan Perum                                     the basis for consideration by BPL and
          Perumnas dalam rangka pengambilan                                   Perum Perumnas to make a decision on the
          keputusan terhadap tindak lanjut pelaksanaan                        follow-up of the agreement implementation.
          perjanjian.
       b. Terkait dengan pelaksanaan kewajiban                            b.   The implementation of KSO PP-BPL
          manajemen      KSO       PP-BPL      terhadap                        management obligations to consumers,
          konsumen,       penyelesaian        perizinan,                       completion      of      permits,    building
          pengelolaan gedung, pihak ketiga dan hal-hal                         management, third parties and other matters
          lain maka dapat dilaksanakan.                                        can be implemented.
       c. Perum Perumnas dan BPL akan memberikan                          c.   Perum Perumnas and BPL will provide the
          surat kuasa yang dibutuhkan kepada wakil                             required    procuration    letter to     the
          manajemen KSO PP-BPL untuk pelaksanaan                               management representative of KSO PP-BPL
          kegiatan operasional tersebut.                                       for the implementation of these operational
                                                                               activities.

       Perjanjian tersebut telah diperbarui dari waktu ke                  This agreement has been amended several
       waktu, perubahan terakhir pada tanggal                              times, the latest on January 2, 2023, BPL, a
       2 Januari 2023, BPL, Entitas Anak, dan Perum                        Subsidiary, and Perum Perumnas signed an
       Perumnas menandatangani adendum Berita                              addendum Letter of Agreement KSO PP-BPL
       Acara Kesepakatan KSO PP-BPL di atas. Jangka                        above. The term of the agreement are valid until
       waktu perjanjian ini berlaku sampai dengan                          the completion date of these consolidated
       tanggal     penyelesaian     laporan     keuangan                   financial statements, the addendum is still in
       konsolidasian ini diterbitkan, perjanjian ini masih                 process.
       dalam proses perpanjangan.




                                                             117
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PT BAKRIELAND DEVELOPMENT Tbk                                   PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                  FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                       DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan              (Expressed in millions of Rupiah, unless otherwise
lain)                                                           stated)

43. PERJANJIAN-PERJANJIAN          DAN     KOMITMEN             43. SIGNIFICANT      AGREEMENTS                     AND
    PENTING (Lanjutan)                                              COMMITMENTS (Continued)

         Sampai dengan tanggal penyelesaian laporan                     As of the completion date of these consolidated
         keuangan konsolidasian ini, proses audit BPKP                  financial statements, the audit process by BPKP
         telah selesai dilakukan.       Namun proses                    has been completed. Meanwhile the audit
         audit laporan keuangan KSO PP-BPL masih                        process of financial statements for the
         dilakukan, sehingga BPL dan manajemen belum                    KSO PP-BPL is still in progress, thus BPL and
         dapat memperkirakan hasil akhir dari proses                    management have not been able to estimate
         audit kerjasama operasi tersebut.                              the final results of the joint operation audit
                                                                        process.

         Sehubungan tata cara penyelesaian hak dan                      The procedure for settlement of rights and
         kewajiban untuk penetapan perhitungan dan                      obligations for the determination of calculations
         pembagian sisa aset KSO akan dinegosiasikan                    and distribution of the remaining KSO assets
         kemudian, termasuk jika para pihak menyepakati                 will be negotiated later, including if the parties
         lain atas kerjasama tersebut.                                  agree otherwise regarding the collaboration.

    e.   Berdasarkan Akta Notaris Elizabeth Karina                  e. Based on Notarial Deed Elizabeth Karina
         Leonita, S.H., M.Kn., No. 44, tanggal                         Leonita, S.H., M.Kn., No. 44 of dated
         14 Oktober 2014 mengenai pengalihan 480 juta                  October 14, 2014 concerning the transfer of
         saham yang milik Perusahaan di BJA kepada                     480 million shares owned by the Company at
         PT Gili Tirta Anugerah (GTA) sebesar                          BJA to PT Gili Tirta Anugerah (GTA) amounted
         Rp800 miliar.                                                 to Rp800 billion.

         Berdasarkan Surat Utang sebagaimana terdapat                   Based on transaction settlement agreement as
         dalam Akta Notaris Elizabeth Karina Leonita,                   notarized by Notarial Deed No. 45 of Elizabeth
         S.H., M.Kn., No. 45 tanggal 14 Oktober 2014,                   Karina     Leonita,     S.H.,    M.Kn.,  dated
         GAP memiliki tagihan kepada GTA sebesar                        October 14, 2014, GAP has receivables from
         Rp800 miliar yang akan diselesaikan dengan                     GTA amounted to Rp800 billion which will be
         tanah seluas 5.000.000 m2.                                     settled with land area of 5,000,000 m2.

         Berdasarkan Akta Notaris Elizabeth Karina                      Based on Notarial Deed No. 3 of Elizabeth
         Leonita,   S.H.,  M.Kn.,  No.    3,  tanggal                   Karina     Leonita,    S.H.,    M.Kn.,       dated
         3 Februari 2016, GAP dan GTA menegaskan                        February 3, 2016, GAP and GTA reconfirmed
         kembali ketentuan dalam Surat Hutang dengan                    the provisions of the Debt Letter with a principal
         jumlah pokok sebesar Rp800 miliar. GTA wajib                   amount of Rp800 billion. GTA was obliged to
         melunasi utang selambat-lambatnya tanggal                      settle   the    debt    at    the     latest    by
         28 Februari 2017.                                              February 28, 2017.

         Berdasarkan Akta Notaris Elizabeth Karina                      Based on Notarial Deed No. 4 of Elizabeth
         Leonita,    S.H.,   M.Kn,   No.   4,   tanggal                 Karina      Leonita,  S.H.,   M.Kn.,     dated
         3 Februari 2016, BJA telah mengikatkan diri                    February 3, 2016, BJA has committed to sell
         untuk menjual tanah di kelurahan Sukarasa dan                  land in Sukarasa and Selawangi, Bogor with an
         Selawangi, Bogor seluas 5.000.000 m2 kepada                    area of 5,000,000 m2 to GAP, a Subsidiary, with
         GAP, Entitas Anak, dengan harga sebesar                        selling price amounted to Rp917.38 billion.
         Rp917,38 miliar. Pembayaran akan dilakukan                     Payment will be made by transfer of GAP’s
         dengan pengalihan piutang GAP atas utang GTA                   receivables on GTA to BJA as stipulated in the
         kepada BJA sebagaimana diatur dalam                            affirmation     of    Debt    Letter     dated
         penegasan         Surat     Utang      tanggal                 February 3, 2016 and offset with GAP’s
         3 Februari 2016 dan offset keseluruhan piutang                 receivables     from    BJA    amounted      to
         yang     dimiliki  GAP    di    BJA   sebesar                  Rp117.38 billion.
         Rp117,38 miliar.




                                                          118
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PT BAKRIELAND DEVELOPMENT Tbk                                  PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                               AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                  FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                 FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                      DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan             (Expressed in millions of Rupiah, unless otherwise
lain)                                                          stated)

43. PERJANJIAN-PERJANJIAN         DAN     KOMITMEN             43. SIGNIFICANT      AGREEMENTS                    AND
    PENTING (Lanjutan)                                             COMMITMENTS (Continued)

       Tanah tersebut berstatus Sertifikat Hak Guna                    The abovementioned land has a Right of
       Usaha (SHGU). Pada tahun 2018, GAP                              Business Use Certificate (SHGU). In 2018, GAP
       menerima Surat Keputusan Menteri Agraria dan                    received the Decree of the Minister of Agrarian
       Tata Ruang/Kepala Badan Pertanahan Nasional                     and Spatial Planning/Head of the National Land
       (BPN) dengan No. 51/HGB/ KEM-ATR/BPN/2018                       Agency (BPN) with No. 51/HGB/KEM-
       yang      ditandatangani    pada       tanggal                  ATR/BPN/2018        which   was     signed    on
       21 Agustus 2018 tentang pemberian Hak Guna                      August 21, 2018 concerning the granting of the
       Bangunan atas nama BJA atas tanah bekas Hak                     Right to Build Buildings on behalf of BJA on the
       Guna Usaha No. 18/Desa Siliwangi seluas                         former land No. 18/Desa Siliwangi covering an
       3.394.500 m2 dan No. 19/Desa Siliwangi seluas                   area of 3,394,500 m2 and No. 19/Desa
       307.050 m2 yang berakhir haknya pada tanggal                    Siliwangi covering an area of 307,050 m2 which
       31 Desember 2014.                                               ended its rights on December 31, 2014.

       Pada tanggal 1 Februari 2019, Perusahaan,                       On February 1, 2019, the Company, GAP) a
       GAP, PT Sentul City Tbk (SC) dan PT Bukit                       Subsidiary, PT Sentul City Tbk (SC) and
       Jonggol Asri (KUS/BJA) menandatangani                           PT Bukit Jonggol Asri (KUS/BJA) signed a
       Kesepakatan    Bersama      untuk      mengubah                 Collective Agreement to amend several
       beberapa ketentuan dalam Akta Perjanjian                        provisions in the Deed of Transaction
       Pelaksanaan Penyelesaian Transaksi dengan                       Settlement Agreement with Notarial Deed No.
       Akta No. 1 Tanggal 3 Februari 2016. Adapun                      1, dated February 3, 2016. The agreed changes
       perubahan yang disepakati antara lain:                          include:

        1. Pengalihan     tanah     Kebun     Menteng                  1.   Transfer of Kebun Menteng land (as
           (sebagaimana dimaksud dalam Akta No. 1)                          referred to in Notarial Deed No. 1) from
           dari KUS/BJA ke GAP. Dari total 500 ha                           KUS/BJA to GAP. Of the total 500 ha of
           tanah Kebun Menteng yang akan dialihkan                          Kebun Menteng land that will be transferred
           kepada GAP berubah menjadi berupa:                               to GAP, it will be changed to:
           a. Tanah Kebun Menteng seluas lebih                              a. Kebun Menteng Land with an area of
              kurang 370 ha setelah diperoleh SHGB                              approximately 370 ha after obtaining
              atas nama KUS/BJA (“Tanah Kebun                                   SHGB in the name of KUS/BJA (“Kebun
              Menteng”).                                                        Menteng Land”).
           b. Tanah terletak sekitar Jungleland seluas                      b. Land located around Jungleland with an
              11,13 ha yang dijadikan tanah pengganti                           area of 11.13 ha which is used as
              dari tanah lebih kurang 130 ha di Kebun                           replacement land for approximately
              Menteng (“Tanah Sentul”).                                         130 ha in Kebun Menteng (“Sentul
                                                                                Land”).
        2. SC atau KUS/BJA akan menyelesaikan                          2.   SC or KUS/BJA will complete the
           pengurusan SHGB atas tanah Kebun                                 processing of the SHGB for approximately
           Menteng seluas lebih kurang 370 ha dengan                        370 ha Kebun Menteng land with the
           ketentuan SHGB tersebut sudah harus                              provisions of the SHGB must be issued by
           diterbitkan oleh Kantor BPN Kabupaten                            the BPN Office Bogor no later than March
           Bogor        selambat-lambatnya    tanggal                       11, 2019 and the original SHGB is
           11 Maret 2019 dan SHGB asli diserahkan                           submitted to GAP not later than
           kepada GAP paling lambat tanggal 12 Maret                        March 12, 2019. If the SHGB is submitted
           2019. Jika terlambat menyerahkan SHGB                            late, SC or KUS/BJA had to pay a penalty
           tersebut, maka SC atau KUS/BJA akan                              amounting to Rp10 million per day of the
           membayar penalti sebesar Rp10 juta per                           delay until the SHGB is submitted, with
           hari     keterlambatan    sampai   dengan                        provisions for delay not more than 10
           diserahkannya SHGB tersebut, dengan                              calendar days.
           ketentuan keterlambatan tidak boleh lebih
           dari 10 hari kalender.




                                                         119
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PT BAKRIELAND DEVELOPMENT Tbk                                     PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                  AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                     FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                    FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                         DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                (Expressed in millions of Rupiah, unless otherwise
lain)                                                             stated)

43. PERJANJIAN-PERJANJIAN          DAN      KOMITMEN              43. SIGNIFICANT      AGREEMENTS                     AND
    PENTING (Lanjutan)                                                COMMITMENTS (Continued)

        3. Semua sertifikat dan surat-surat asli atas                     3.   All original certificates and letters on
           tanah pengganti diserahkan kepada GAP                               replacement land are submitted to GAP at
           pada saat ditandatanganinya Pokok-Pokok                             the time of signing of the Principles of this
           Kesepakatan ini.                                                    Agreement.
        4. Selama transaksi pengalihan atas tanah-                        4.   While the transaction related to the transfer
           tanah tersebut belum dapat dilaksanakan,                            of these lands has not been carried out, SC
           SC dan GAP akan menandatangani suatu                                and GAP will sign a loan agreement and
           perjanjian pinjam pakai dan hak kuasa                               power of attorney to GAP or other parties
           kepada GAP atau pihak lain yang ditunjuk                            appointed by GAP to control and utilize
           GAP untuk menguasai dan memanfaatkan                                these lands. Provision of power of attorney
           tanah-tanah tersebut. Pemberian kuasa                               would     be    made     not    later    than
           akan dilakukan selambat-lambatnya tanggal                           March 12, 2019.
           12 Maret 2019.

       Pada tanggal 22 Maret 2019, GAP, Entitas Anak,                     On March 22, 2019, GAP, a Subsidiary, sent a
       mengirim surat teguran untuk KUS/BJA dan SC                        warning letter to KUS/BJA and SC regarding
       mengenai kelanjutan Pokok-Pokok Kesepakatan                        the continuation of the Agreement Principles
       pada tanggal 1 Februari 2019.                                      dated on February 1, 2019.

       Pada tanggal 14 Agustus 2019, SHGB atas                            On August 14, 2019, the SHGB of the
       tanah seluas lebih kurang 370 ha yang terdiri dari                 approximately 370 ha land consisting of
       5 SHGB telah terbit atas nama BJA.                                 5 SHGB was issued under the name of BJA.

       Pada tanggal 7 September 2021 dan                                  On September 7, 2021 and October 4, 2021,
       4 Oktober 2021, GAP, PT First Financo (Financo)                    GAP, PT First Financo (Financo) and
       dan PT Danatama Kapital Investama (sebagai                         PT Danatama Kapital Investama (as guarantor)
       penjamin) telah menandatangani Kesepakatan                         signed the Rights Transfer Agreement whereby
       Pengalihan Hak di mana GAP, Financo dan BJA                        GAP, Financo and BJA agreed to realize the
       telah menyetujui untuk merealisasikan pembelian                    purchase of 7 ha of Sentul land with the right of
       7 ha Tanah Sentul dengan sertifikat hak guna                       use    certificates  under    the    name      of
       atas nama PT Sentul City Tbk (SC). Para pihak,                     PT Sentul City Tbk (SC). The parties, BJA and
       BJA dan SC telah sepakat untuk membuat Akta                        SC agreed that the Sale and Purchase of 7 ha
       Jual Beli 7 ha Tanah Sentul secara langsung                        of Sentul land will be entered directly between
       dengan Financo dan SC.                                             Financo and SC.

       Berdasarkan Akta Notaris No. 106 dari Elizabeth                    Based on Notarial Deed No. 106 of Elizabeth
       Karina     Leonita,    S.H.,    M.Kn.,   tanggal                   Karina     Leonita,    S.H.,    M.Kn.,     dated
       24 Juni 2022, GAP dan BJA telah sepakat                            June 24, 2022, GAP and BJA agreed to cancel
       membatalkan Perjanjian Jual Beli Tanah Kebun                       the Sale and Purchase Agreement related to
       Menteng seluas 500 ha karena tanah yang                            500 ha of Kebun Menteng land since the land
       menjadi objek pengalihan telah berubah yaitu                       that was used as object of transfer have been
       menjadi tanah Kebun Menteng seluas 377 ha                          changed to 377 ha of Kebun Menteng land and
       dan tanah Sentul seluas 10,7 ha. Bagian dari hak                   10.7 ha of Sentul land. A portion of the right of
       atas tanah Sentul tersebut yaitu seluas                            such Sentul land i.e. 70,705 m2 (7 ha) has been
       70.705 m2 (7 ha) telah dialihkan kepada Financo,                   transferred to Financo, thus, GAPs remaining
       sehingga hak GAP atas pembelian tanah Sentul                       right over Sentul land is 3.6 ha. The obligation
       tinggal tersisa 3,6 ha. Kewajiban dan komitmen                     and commitment of BJA to deliver the Kebun
       BJA untuk mengalihkan tanah Kebun Menteng                          Menteng Land and the rest of Sentul land to
       dan sisa tanah Sentul tersebut kepada                              GAP or any other parties appointed by GAP has
       Perusahaan atau pihak lain yang ditunjuk oleh                      been regulated in the Notarial Deed.
       GAP diatur dalam Akta Notaris tersebut.




                                                            120
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PT BAKRIELAND DEVELOPMENT Tbk                                      PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                   AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                      FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                     FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                          DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                 (Expressed in millions of Rupiah, unless otherwise
lain)                                                              stated)

43. PERJANJIAN-PERJANJIAN            DAN     KOMITMEN              43. SIGNIFICANT      AGREEMENTS                      AND
    PENTING (Lanjutan)                                                 COMMITMENTS (Continued)

         Pada tanggal 24 Juni, 2022, GAP dan                                On June 24, 2022, GAP and PT Fit Propertindo
         PT    Fit    Propertindo     Jaya  (FPJ)    telah                  Jaya (FPJ) signed an agreement regarding the
         menandatangani        perjanjian  Cessie     dan                   Transfer of Receivables and Rights (Cessie),
         Pengalihan Hak, di mana FPJ menerima                               whereby FPJ received the right to collect a
         pengalihan hak atas penagihan bagian piutang                       portion of GAP’s receivables from GTA
         GAP           pada           GTA         sebesar                   amounting to Rp12.2 billion and the transfer of
         Rp12,2 miliar dan pengalihan hak atas pembelian                    right to purchase Sentul land with land area of
         tanah Sentul seluas 1 ha. Setelah pengalihan                       1 ha. After the transfer, GAP’s remaining right
         tersebut, sisa hak GAP atas tanah Sentul yang                      over Sentul land which has not been transferred
         belum dialihkan sebesar 2,6 ha.                                    is 2.6 ha.

         Pembayaran atas harga cessie piutang tersebut                      The payment for the price of the transferred
         dilakukan dalam bentuk penyerahan sebidang                         receivables (cessie) is in the form of handing
         tanah seluas 1 ha, yang terletak di desa                           over 1 ha of land, located in Mulyaharja village,
         Mulyaharja, Kawasan Bogor Nirwana Residence,                       Bogor Nirwana Residence, to GAP.
         kepada GAP.
         Pada tanggal 8 Desember 2023, GAP dan                              On     December      8,  2023,    GAP      and
         PT Maju Sukses Nusajaya (MSN) telah                                PT Maju Sukses Nusajaya (MSN) signed an
         menandatangani perjanjian Pengalihan Hak, di                       agreement regarding the Transfer of Rights
         mana MSN menerima pengalihan hak atas                              whereby MSN received the right to purchase
         pembelian tanah Kebun Menteng seluas 80 ha.                        Kebun Menteng land with land area of 80 ha.
         Setelah pengalihan tersebut, sisa hak GAP atas                     After the transfer, GAP’s remaining right over
         tanah Kebun Menteng yang belum dialihkan                           Kebun Menteng land which has not been
         sebesar 297 ha.                                                    transferred is 297 ha.

         Sampai dengan tanggal penyelesaian laporan                         As of the completion date of the consolidated
         keuangan konsolidasian, sisa hak atas tanah                        financial statements, the remaining right over
         Sentul dan tanah Kebun Menteng tersebut belum                      Sentul land and Kebun Menteng land have not
         dilakukan pengalihan kepada GAP.                                   been transferred to GAP.

    f.   Pada     tanggal      26   September      2014,               f.   On September 26, 2014, PT Wijaya Karya
         PT Wijaya Karya (Persero) Tbk (WIKA) dan                           (Persero) Tbk (WIKA) and MMS, a Subsidiary,
         MMS, Entitas Anak, melakukan perjanjian di                         have signed an agreement in the presence a
         hadapan Notaris Yunita Permatasari S.H.,                           Notary of Yunita Permatasari, S.H., No. 8 dated
         No. 8 tanggal 26 September 2014, sehubungan                        September 26, 2014, in connection with
         dengan     investasi,    pengembangan      dan                     investment,    development       and    property
         pembangunan properti dan fasilitasnya di Jl.                       construction and its facilities in Jl. Kahuripan
         Kahuripan Raya, Kavling 23, 25 dan 27, Sidoarjo,                   Raya, Kavling 23, 25 and 27, Sidoarjo, East
         Jawa Timur.                                                        Java.

         Sesuai dengan pasal 5 dalam perjanjian ini,                        In accordance with article 5 of this agreement,
         sebagai bentuk Kontribusi Penyertaan Modal                         as the Contributions of Investment in Working
         Kerja dan Penyertaan Lainnya, MMS, Entitas                         Capital and Other Investments, MMS, a
         Anak, akan menyerahkan tanah yang dikuasai                         Subsidiary, rendered the land which held and
         dan dimiliki MMS, Entitas Anak dan WIKA                            owned by MMS, a Subsidiary, and WIKA
         menyediakan seluruh modal kerja yang                               provides all of working capital that required in
         dibutuhkan dalam pelaksanaan Kerja Sama                            this joint operation. The land that rendered in
         Operasi (KSO) ini. Tanah yang diserahkan antara                    this joint operation are in:
         lain tanah di:
          a. Desa Entalsewu, Kecamatan Buduran,                             a.   Entalsewu Village, Sub-district of Buduran,
             Kabupaten Sidoarjo, sesuai dengan SHGB                              Sidoarjo District with SHGB No. 41 with an
             No. 41     seluas    3.735    m2     dengan                         area of 3,735 m2          and a survey
             surat ukur No. 00001/L5.01/2006 tanggal                             certificate No. 00001/L5.01/2006 dated
             15 Februari 2006, SHGB No. 1376 seluas                              February 15, 2006, SHGB No. 1376 with an
             1.521      m2     dengan      surat     ukur                        area of 1,521 m2 and a survey
             No. 00016/12101501/            2013 tanggal                         certificate No.00016/12101501/2013 dated
             28 Agustus 2013 dan SHGB           No. 1377                         August 28, 2013 and SHGB No.1377 with
             seluas      4.310 m2       dengan      surat                        an area of 4,310 m2 and a survey
             ukur    No. 00016/12101501/2013      tanggal                        certificate No.00016/12101501/2013 dated
             28 Agustus 2013.                                                    August 28, 2013.


                                                             121
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PT BAKRIELAND DEVELOPMENT Tbk                                     PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                  AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                     FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                    FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                         DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                (Expressed in millions of Rupiah, unless otherwise
lain)                                                             stated)

43. PERJANJIAN-PERJANJIAN           DAN      KOMITMEN             43. SIGNIFICANT      AGREEMENTS                     AND
    PENTING (Lanjutan)                                                COMMITMENTS (Continued)

         b. Desa    Sumput,     Kecamatan    Buduran,                     b.   Sumput Village, Sub-district of Buduran,
            Kabupaten Sidoarjo, sesuai dengan SHGB                             Sidoarjo District, according to SHGB
            No. 3190 seluas 4.138 m2 dengan surat ukur                         No. 3190 with an area of 4,138 m2 and a
            No. 01999/Sumput/2014 tanggal 26 Mei 2014                          survey certificate No. 01999/Sumput/2014
            dan SHGB No. 3189 seluas 470 m2, dengan                            dated May 26, 2014 and SHGB No. 3189
            surat ukur No. 01998/Sumput/2014 tanggal                           with an area of 470 m2 and a survey
            26 Mei 2014.                                                       certificate No. 01998/Sumput/2014 dated
                                                                               May 26, 2014.

         Jumlah keseluruhan tanah seluas 14.174 m2,                       The total of land are 14,174 m2, while the land
         sedangkan tanah yang seharusnya diserahkan                       that should have been handed over is
         seluas 12.000 m2. Terdapat selisih luas tanah                    12,000 m2. There is a difference of land
         seluas 2.174 m2, selisih tersebut akan dibuatkan                 covering of 2,174 m2 and it will be an
         adendum perjanjiannya. Atas selisih luas tanah                   addendum of this difference. Due to the
         tersebut, pada tanggal 13 Januari 2016 telah                     difference in land area, on January 13, 2016, an
         dibuat    adendum       mengenai      perubahan                  addendum was made regarding the change in
         penyerahan tanah berupa SHGB, yang                               the transfer of land in the form of SHGB, which
         semula SHGB No. 1377 seluas 4.310 m2,                            was originally SHGB No. 1377 with an area of
         dengan Surat Ukur No. 00017/1210501/2013                         4,310 m2, with Letter of Measurement No.
         tanggal 28 Agustus 2013 menjadi SHGB                             00017/1210501/2013 dated August 28, 2013
         No.    1429    seluas     2.136    m2    dengan                  became SHGB No. 1429 with an area of
         Surat Ukur No. 00086/Entalsewu/2014 tanggal                      2,136 m2 with Letter of Measurement No.
         5 November 2014.                                                 00086/Entalsewu/2014 dated November 5,
                                                                          2014.

         Pada pasal 5 butir 5 dalam perjanjian ini                        In article 5 point 5 of this agreement, WIKA and
         menyebutkan bahwa WIKA dan MMS, Entitas                          MMS, a Subsidiary, agreed that the value of
         Anak, sepakat bahwa nilai tanah yang                             land was handed over by MMS, a Subsidiary,
         diserahkan MMS, Entitas Anak, sebesar Rp3 juta                   amounted to Rp3 million per m2 and the total
         per m2 dan jumlah partisipasi MMS sebesar                        participation of MMS amounted to Rp36 billion
         Rp36 miliar atau sebesar 40% dari jumlah                         or 40% of the total participation.
         seluruh partisipasi modal.

         WIKA menyediakan seluruh modal kerja yang                        WIKA provides all of the working capital that is
         dibutuhkan dalam pelaksanaan KSO sesuai                          required in the implementation of the KSO in
         business plan yang telah disepakati. Partisipasi                 accordance with the business plan. WIKA’s
         WIKA sebesar Rp54 miliar atau sebesar 60%                        participation amounted to Rp54 billion or 60% of
         dari jumlah seluruh partisipasi.                                 the total participation.

         Pasal 11 mengenai Pembagian Keuntungan/                          Article 11 regarding the Profit Sharing/Profit and
         Laba dan Tanggung Jawab atas Kerugian dalam                      Responsibility for Losses in KSO agreement,
         perjanjian KSO ini, WIKA dan MMS, Entitas                        WIKA and MMS, a Subsidiary, will get profits
         Anak,     akan    mendapatkan       pembagian                    sharing from the profit of KSO project in the
         keuntungan dari hasil ekonomis KSO sebesar                       amount of their respective percentage
         persentase masing-masing partisipasinya.                         participation.

    g.   Pada tanggal 13 April 2015, PT Graha Multi                   g. On April 13, 2015, PT Graha Multi Insani (GMI),
         Insani (GMI), Entitas Anak, dan Perkumpulan                     a Subsidiary and Perkumpulan Lyceum Kristen
         Lyceum Kristen menandatangani Perjanjian                        entered into Agreements Waiver of Land Rights,
         Pelepasan Hak Atas Tanah, di mana                               whereby Perkumpulan Lyceum Kristen intends
         Perkumpulan     Lyceum     Kristen  bermaksud                   to hand over its seven (7) land rights located in
         melepaskan variabel tujuh (7) bidang tanah                      Bandung, West Java covering of 28,034 m2 to
         seluas 28.034 m2 yang berlokasi di Kota                         GMI, a Subsidiary, at a price amounted to
         Bandung, Jawa Barat kepada GMI, Entitas Anak,                   Rp106.51 billion, that will be paid by BSU, a
         dengan harga sebesar Rp106,51 miliar yang                       Subsidiary, in 2 phases as follows:
         akan dibayarkan oleh BSU, Entitas Anak, melalui
         2 tahap sebagai berikut:
         1) Tahap I, pembayaran pertama sebesar                           1) Phase I, the first payment amounted to
             Rp93 miliar telah dilakukan pada tanggal                        Rp93 billion which had been paid on
             14 Mei 2008;                                                    May 14, 2008;

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PT BAKRIELAND DEVELOPMENT Tbk                                        PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                     AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                        NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                        FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                       FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                            DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                   (Expressed in millions of Rupiah, unless otherwise
lain)                                                                stated)

43. PERJANJIAN-PERJANJIAN             DAN      KOMITMEN              43. SIGNIFICANT      AGREEMENTS                      AND
    PENTING (Lanjutan)                                                   COMMITMENTS (Continued)

         2) Tahap II, pembayaran berikutnya sebesar                           2) Phase II, the next payment amounted to
            Rp13,51 miliar yang telah dibayarkan                                 Rp13.51 billion had been paid before the
            sebelum penandatanganan akta pelepasan                               signing of waiver of land rights deed.
            hak ini.

         Pada tanggal 6 Juni 2016, GMI menandatangani                         On June 6, 2016, GMI entered into Addendum
         Adendum Pelepasan Hak Atas Tanah dengan                              of the Transfer of Land Rights Agreement with
         Perkumpulan Lyceum Kristen yang merubah                              Perkumpulan Lyceum Kristen to change the
         pembayaran pelepasan hak atas tanah menjadi                          payment for the release of land rights to
         sebesar Rp286,51 miliar.                                             Rp286.51 billion.

         Pada tanggal 11 Agustus 2022, GMI dan                                On August 11, 2022, GMI and Lyceum entered
         Lyceum, telah menandatangani Perjanjian                              into Cancellation Agreements Waiver of Land
         Pembatalan Pelepasan Hak atas Tanah sebesar                          Rights amounting to Rp266.87 billion located in
         Rp266,87 miliar yang berlokasi di Bandung, Jawa                      Bandung, West Java. During 2022, a total of
         Barat. Selama tahun 2022, pengembalian uang                          Rp256.34 billion in advance payments for land
         muka pembelian tanah telah diterima GMI                              purchases have been received by GMI, and the
         sebesar Rp256,34 miliar dan sisanya akan                             remaining amount would be settled by no later
         dilunasi     paling    lambat     pada     bulan                     than December 2023. During 2023, payment of
         Desember      2023.     Selama    tahun    2023,                     advance for purchase of land was fully paid by
         pembayaran uang muka pembelian tanah telah                           GMI (Note 14).
         diterima seluruhnya oleh GMI (Catatan 14).

    h.   Pada tanggal 7 September 2015, PT Permata                       h. On September 7, 2015, PT Permata Sakti
         Sakti Mandiri (PSM) dan BSU, Entitas Anak,                         Mandiri (PSM) and BSU, a Subsidiary, signed a
         telah    menandatangani    Perjanjian    Pinjam                    Funding and Borrowing Agreement which could
         Meminjam yang Dapat Dikonversi Menjadi                             be converted into shares ownership with credit
         Saham dengan pagu pinjaman sebesar                                 ceiling amounted to Rp45 billion and
         Rp45 miliar dan tidak dikenakan bunga.                             non-interest bearing rate. The agreement will be
         Perjanjian tersebut akan berakhir 5 tahun sejak                    due in 5 years from the date of signing
         penandatanganan perjanjian. Perjanjian ini telah                   agreement. This agreement has been amended,
         diperbarui, perubahan terakhir akan berakhir                       the latest will be due on August 10, 2030.
         pada tanggal 10 Agustus 2030.

         Pada tanggal 20 Mei 2016, PSM dan BPL,                               On May 20, 2016, PSM and BPL, Subsidiary,
         Entitas Anak, telah menandatangani Perjanjian                        signed a Funding and Borrowing Agreement
         Pinjam Meminjam yang Dapat Dikonversi                                which could be converted into shares ownership
         Menjadi Saham dan tidak dikenakan bunga.                             and non-interest bearing rate. The agreement
         Perjanjian tersebut akan berakhir 5 tahun sejak                      will be due in 5 years from the date of signing
         penandatanganan perjanjian. Perjanjian ini telah                     the agreement. This agreement has been
         diperbarui, perubahan terakhir akan berakhir                         amended, the latest will be due on
         pada tanggal 20 Mei 2031.                                            May 20, 2031.

    i.   Pada      tanggal       30    Desember       2016,              i.   On December 30, 2016, PT Graha Istana
         PT Graha Istana Nirwana (GIN) dan MMS,                               Nirwana (GIN) and, MMS, a Subsidiary, entered
         Entitas Anak, menandatangani Perjanjian                              into a Bridging Loan Agreement. Based on the
         Pinjaman       Dana      Talangan.    Berdasarkan                    agreement, MMS, a Subsidiary, provide loan to
         perjanjian tersebut, MMS, Entitas Anak,                              GIN with a maximum amount of Rp11.70 billion.
         memberikan pinjaman dana kepada GIN dengan                           This agreement has been amended, the latest
         jumlah maksimum sebesar Rp11,70 miliar.                              with credit ceiling amounted to Rp150 billion and
         Perjanjian ini telah diperbarui, perubahan terakhir                  will be due on December 29, 2023. This
         atas pagu pinjaman sebesar Rp150 miliar dan                          agreement has been amended further to extend
         akan berakhir pada tanggal 29 Desember 2023.                         the term until December 29, 2026.
         Perjanjian ini telah telah mengalami perubahan,
         untuk memperpanjang jangka waktu sampai
         dengan pada tanggal 29 Desember 2026.




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PT BAKRIELAND DEVELOPMENT Tbk                                        PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                     AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                        NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                        FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                       FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                            DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                   (Expressed in millions of Rupiah, unless otherwise
lain)                                                                stated)

43. PERJANJIAN-PERJANJIAN             DAN      KOMITMEN              43. SIGNIFICANT      AGREEMENTS                     AND
    PENTING (Lanjutan)                                                   COMMITMENTS (Continued)

    j.   Pada tanggal 25 April 2022, PT Brawijaya Agung                  j.   On April 25, 2022, PT Brawijaya Agung Lestari
         Lestari (BAL) dan MMS, Entitas Anak, melakukan                       (BAL) and the MMS, a Subsidiary, extended the
         perpanjangan Perjanjian Pinjam Meminjam Yang                         Convertible     Borrowing      and  Borrowing
         Dapat Dikonversikan Menjadi Saham. Jangka                            Agreement into Shares. The term of the loan
         waktu pinjaman diperpanjang selama dua (2)                           was extended for two (2) years from
         tahun sejak tanggal 25 April 2022 sampai dengan                      April 25, 2022 to April 25, 2024.
         tanggal 25 April 2024.

    k.   Pada tanggal 25 September 2020, PT Graha                        k. On September 25, 2020, PT Graha Multi Insani
         Multi Insani (GMI) menandatangani Perjanjian                       (GMI) signed a Sale and Purchase Agreement
         Pengikatan Jual Beli (PPJB) Tanah serta proyek                     (SPA) of Land and Hadiningrat’s project with
         Hadiningrat dengan PT Yasa Patria Perkasa                          PT Yasa Patria Perkasa (YPP) with an
         (YPP) dengan kesepakatan GMI menjual tanah                         agreement that GMI is willing to sell land and
         dan proyek Hadiningrat yang terletak di atas                       Hadiningrat project located on land amounting
         tanah dengan nilai sebesar Rp20,0 miliar dengan                    to Rp20.0 billion with a gradual payment system
         sistem pembayaran bertahap selama 7 bulan ke                       for 7 months. In addition, YPP agreed to repay
         depan. Kemudian YPP sepakat melakukan                              the down payment of Rp10.3 billion to
         pengembalian atas uang muka sebesar                                apartment customers who are to owners of 55
         Rp10,3 miliar kepada konsumen apartemen atas                       unit apartments. GMI and YPP agreed that the
         55 unit apartemen. Selain itu, GMI dan YPP                         down payment for the 74 units that GMI has
         sepakat bahwa uang muka untuk 74 unit yang                         received becomes GMI’s property and trade
         telah diterima GMI menjadi hak dan milik GMI                       payable to YPP amounting to Rp40.2 billion
         serta utang usaha kepada YPP sebesar                               would be paid off (Notes 9 and 21).
         Rp40,2 miliar akan terlunasi (Catatan 9 dan 21).

         Pada tanggal 31 Desember 2021, aset yang                             On December 31, 2021, the assets that were
         diklasifikasikan sebagai dimiliki untuk dijual atas                  initially classified as held for sale for the
         proyek Hadiningrat diklasifikasi ke persediaan,                      Hadiningrat project were reclassified as
         dikarenakan YPP belum bisa merealisasikan                            inventory, because YPP had not been able to
         pembayaran pertama dan kedua kepada GMI                              fulfill the first and second payments to GMI as
         sesuai dengan termin pembayaran sesuai                               per the payment schedule outlined in the
         Adendum PPJB tanggal 17 Juni 2022.                                   Addendum to the PPJB dated June 17, 2022.

         Pada tanggal 17 Juni 2022, GMI, Entitas Anak                         On June 17, 2022, GMI, a Subsidiary and YPP
         dan YPP menandatangani adendum Perjanjian                            signed on addendum of Sale and Purchase
         Pengikatan Jual Beli (PPJB) Tanah serta proyek                       Agreement (SPA) of land and Hadiningrat’s
         Hadiningrat mengenai sisa dan jangka waktu                           project concerning the remaining balance
         rencana pembayaran paling lambat sampai                              and payment schedule no later than
         dengan 4 Agustus 2024.                                               August 4, 2024.

    l.   Berdasarkan Akta Notaris No. 178 oleh Elizabeth                 l.   Based on Notarial Deed No. 178 of
         Karina Leonita, SH., M. Kn., tanggal                                 Elizabeth Karina Leonita, S.H., M.Kn., dated
         27 September 2022, antara PT Graha                                   September 27, 2022, PT Graha Andrasentra
         Andrasentra Propertindo Tbk (GAP), JLA dan AE                        Propertindo Tbk (GAP), JLA and AE agreed that
         disepakati bahwa JLA akan menerbitkan saham                          JLA will issue new shares (Series B shares) with
         baru (Saham Seri B) dengan nilai nominal dua                         par value of twenty six Rupiah (Rp26) per share
         puluh enam Rupiah (Rp26) per saham untuk                             and AE will subscribe and pay for JLA’s shares
         ditempatkan kepada AE) dan AE akan                                   amounting to Rp251 billion, with the following
         menyetorkan modal saham pada JLA sebesar                             conditions:
         Rp 251 miliar, dengan cara sebagai berikut:
         1. Setoran modal sebesar Rp71 miliar akan                            1. Paid-in capital amounting to Rp71 billion
             melakukan dengan cara mengonversi tagihan                           through the conversion of AE’s receivables
             AE pada JLA menjadi setoran modal saham;                            from JLA to become paid-up share capital;
         2. Setoran modal sebesar Rp 180 miliar dengan                        2. Paid-in capital amounting to Rp180 billion
             cara AE melakukan setoran tunai pada JLA;                           from cash payment to become paid-up share
             dan                                                                 capital; and
         3. Berdasarkan setoran modal saham tersebut,                         3. Based on the abovementioned paid-up share
             AE menjadi pemegang 51,44 % saham dalam                             capital, AE will become JLA’s shareholder
             JLA.                                                                with 51.44% share ownership.

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PT BAKRIELAND DEVELOPMENT Tbk                                     PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                  AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                     FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                    FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                         DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                (Expressed in millions of Rupiah, unless otherwise
lain)                                                             stated)

43. PERJANJIAN-PERJANJIAN          DAN      KOMITMEN              43. SIGNIFICANT      AGREEMENTS                       AND
    PENTING (Lanjutan)                                                COMMITMENTS (Continued)

        Atas transaksi tersebut GAP telah melakukan                       GAP’s above-mentioned transaction has been
        keterbukaan informasi kepada Otoritas Jasa                        reported to the Financial Services Authority
        Keuangan     dan     publik  pada    tanggal                      (OJK) and public on September 29, 2022.
        29 September 2022.

    m. Pada tanggal 29 Desember 2016, PT Graha                         m. On December 29, 2016, PT Graha Istana
       Istana Nirwana (GIN) dan PT Mutiara Mahsyur                         Nirwana (GIN) and PT Mutiara Mahsyur
       Sejahtera     (MMS),    melakukan     Perjanjian                    Sejahtera (MMS), entered into a Joint
       Kerjasama       Operasi    (KSO       MMS-GIN)                      Operation Agreement (KSO MMS-GIN) based
       berdasarkan Akta Notaris Rooswahyono, S.H.,                         on Notarial Deed No. 25 of Rooswahyono,
       No. 25 tanggal 29 Desember 2016, sehubungan                         S.H., dated December 29, 2016, in relation to
       dengan pembangunan Office Tower Kahuripan                           the construction of Office Tower Kahuripan
       Nirwana di Jl. Kahuripan Raya, kav. 14, Sidoarjo,                   Nirwana at Jl. Kahuripan Raya, kav. 14,
       Jawa Timur.                                                         Sidoarjo, East Java.

        Atas rencana pembangunan tersebut, MMS                            Regarding the development plan, MMS incurred
        mengeluarkan biaya untuk pembangunan fondasi                      costs for the construction of foundations and
        dan tiang pancang senilai Rp7,42 miliar yang                      piles of Rp7.42 billion which will be
        selanjutnya  akan    menjadi   bagian   yang                      compensated upon completion of the Kahuripan
        dikompensasikan ketika pembangunan Office                         Nirwana Office Tower development.
        Tower Kahuripan Nirwana sudah selesai.

        MMS dan GIN sepakat memberikan penyertaan                         MMS and GIN agreed to provide capital
        modal pada KSO MMS-GIN masing-masing                              contribution in the KSO MMS-GIN amounting to
        sebesar Rp7,42 miliar atau 12,06% dan                             Rp7.42 billion or 12.06% and Rp54.10 billion or
        Rp54,10 miliar atau 87,04%.                                       87.04%, respectively.

        Perjanjian kerjasama operasi telah beberapa kali                  The joint operation agreement has been
        diperpanjang,     terakhir     pada     tanggal                   extended several times, with the latest on
        4 November 2023 terkait perpanjangan jangka                       November 4, 2023 regarding the extension of
        waktu perjanjian sampai dengan tanggal                            the agreement period until November 4, 2024
        4 November 2024 (Catatan 48b).                                    (Note 48b).


44. TUJUAN DAN KEBIJAKAN RISIKO MANAJEMEN                         44. FINANCIAL RISK MANAGEMENT OBJECTIVE
    KEUANGAN                                                          AND POLICIES

   MANAJEMEN RISIKO                                                   RISK MANAGEMENT

   Dalam aktivitas usahanya sehari-hari, Grup                         In its daily business activities, the Group is exposed
   dihadapkan pada berbagai risiko. Risiko utama yang                 to risks. The main risks faced by the Group arising
   dihadapi Grup yang timbul dari instrumen keuangan                  from its financial instruments are market risks (i.e.,
   adalah risiko pasar (risiko tingkat suku bunga, dan                interest rate risk and foreign exchange rate risk),
   risiko nilai tukar mata uang asing), risiko kredit dan             credit risk and liquidity risk. The core function of the
   risiko likuiditas. Fungsi utama dari manajemen risiko              Group’s risk management is to identify all key risks
   Grup adalah untuk mengidentifikasi seluruh risiko                  for the Group, measure these risks and manage the
   kunci, mengukur risiko-risiko ini dan mengelola posisi             risk positions in accordance with its policies and the
   risiko sesuai dengan kebijakan dan risk appetite                   Group’s risk appetite. The Group’s management
   Grup. Manajemen Grup secara rutin menelaah                         regularly reviews its risk management policies and
   kebijakan dan sistem manajemen risiko untuk                        systems to reflect changes in markets, products and
   menyesuaikan dengan perubahan di pasar, produk                     best market practices.
   dan praktik pasar terbaik.

   Direksi Grup menelaah dan menyetujui kebijakan                     The Group’s directors review and approve the
   untuk mengelola risiko-risiko yang dirangkum di                    policies for managing risks which are summarized
   bawah ini:                                                         below:




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PT BAKRIELAND DEVELOPMENT Tbk                                      PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                   AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                      FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                     FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                          DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                 (Expressed in millions of Rupiah, unless otherwise
lain)                                                              stated)

44. TUJUAN DAN KEBIJAKAN RISIKO MANAJEMEN                          44. FINANCIAL RISK MANAGEMENT OBJECTIVE
    KEUANGAN (Lanjutan)                                                AND POLICIES (Continued)

   Risiko Pasar                                                        Market Risks

   Risiko pasar adalah risiko di mana nilai wajar dari                 Market risk is the risk that the fair value of future
   arus kas masa depan dari suatu instrumen keuangan                   cash flows of a financial instrument will fluctuate
   akan berfluktuasi karena perubahan harga pasar.                     because of changes in market prices. The Group is
   Grup dipengaruhi oleh risiko pasar, terutama risiko                 exposed to market risks, in particular, interest rate
   tingkat suku bunga, risiko nilai tukar mata uang asing,             risk, foreign exchange rate risk, commodity price risk
   risiko harga komoditas dan risiko harga saham.                      and stock price risk.

   Risiko Tingkat Suku Bunga                                           Interest Rate Risk

   Risiko tingkat suku bunga adalah risiko di mana nilai               Interest rate risk is the risk that the fair value or
   wajar atau arus kas masa depan dari suatu instrumen                 future cash flows of a financial instrument will
   keuangan berfluktuasi karena perubahan tingkat suku                 fluctuate because of changes in market interest
   bunga pasar. Pengaruh dari risiko perubahan tingkat                 rates. The Group exposure to the risk of changes in
   suku bunga pasar berhubungan dengan utang bank                      market interest rates relates primarily to the Group’s
   jangka pendek dan jangka panjang dari Grup yang                     short-term and long-term bank loans with floating
   dikenakan tingkat suku bunga mengambang.                            interest rates.

   Grup didanai dengan utang bank yang dikenai bunga.                  The Group is financed through interest-bearing bank
   Oleh karena itu, eksposur Grup tertentu rentan                      loans. Therefore, the Group’s exposures to market
   terhadap risiko pasar untuk perubahan tingkat suku                  risk for changes in interest rates relate primarily to
   bunga terutama sehubungan dengan utang bank                         their short-term and long-term bank loans. The
   jangka pendek dan jangka panjang. Kebijakan Grup                    Group’s policies are to obtain the most favorable
   adalah mendapatkan tingkat suku bunga yang paling                   interest rates available without increasing their
   menguntungkan tanpa meningkatkan eksposur                           foreign currency exposure by managing their
   terhadap mata uang asing, yaitu dengan                              interest cost.
   mengendalikan beban bunga.

   Grup mengurangi risiko tingkat suku bunga dengan                    The Group reduces interest rate risk by managing
   mengelola penerimaan (terutama yang melekat pada                    revenues (mainly from bank accounts and time
   rekening bank dan deposito berjangka) dan                           deposits) and payments (mainly for interest
   pembayaran (terutama beban bunga, penjadwalan                       expense, scheduling short-term and long-term bank
   utang bank jangka pendek dan panjang).                              loans).

   Jika tingkat suku bunga pinjaman naik atau turun                    If loan interest rates increase or decrease by 5%
   sebesar 5% dibandingkan dengan tingkat suku bunga                   compared        to    loan     interest    rate   on
   pinjaman pada tanggal 31 Desember 2023 dan 2022                     December 31, 2023 and 2022 (assuming all other
   (dengan semua variabel lainnya dianggap tidak                       variables remain unchanged), the loss before
   berubah), maka rugi sebelum taksiran manfaat                        provision for tax benefit (expenses) of the Group for
   (beban) pajak Grup untuk tahun yang berakhir pada                   the years ended December 31, 2023 dan 2022 will
   tanggal 31 Desember 2023 dan 2022 masing-masing                     decrease or increase, respectively, by approximately
   akan turun atau naik sebesar Rp3,77 miliar dan                      Rp3.77 billion and Rp5.14 billion, respectively.
   Rp5,14 miliar.

   Risiko Nilai Tukar Mata Uang Asing                                  Foreign Exchange Rate Risk

   Risiko nilai tukar mata uang asing adalah risiko di                 Foreign exchange risk is the risk that the fair value
   mana nilai wajar atau arus kas masa mendatang dari                  or future cash flows of a financial instrument will
   suatu instrumen keuangan terpengaruh karena                         fluctuate because of changes in foreign exchange
   perubahan dari nilai tukar mata uang asing. Pengaruh                rates. The influence of the risk of changes in foreign
   dari risiko perubahan nilai tukar mata uang asing                   currency rates primarily from restricted funds, short-
   terutama berasal dari dana dalam pembatasan, utang                  term other payables and short-term bank loans
   lain-lain jangka pendek dan utang bank jangka                       which are mainly denominated in United States
   pendek yang terutama menggunakan mata uang                          Dollar.
   Dolar Amerika Serikat.




                                                             126
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PT BAKRIELAND DEVELOPMENT Tbk                                     PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                  AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                     FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                    FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                         DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                (Expressed in millions of Rupiah, unless otherwise
lain)                                                             stated)

44. TUJUAN DAN KEBIJAKAN RISIKO MANAJEMEN                         44. FINANCIAL RISK MANAGEMENT OBJECTIVE
    KEUANGAN (Lanjutan)                                               AND POLICIES (Continued)

   Pengaruh fluktuasi nilai tukar atas Grup terutama                  The Group’s exposure to exchange rate fluctuations
   berasal dari nilai tukar antara Dolar Amerika Serikat              mainly come from the exchange rate between the
   dengan Rupiah. Bagian signifikan dari risiko nilai                 United States Dollar and Rupiah. The significant
   tukar mata uang asing terutama berasal dari liabilitas             portion of the foreign exchange risk is mainly
   jangka pendek dan jangka panjang dalam Dolar                       contributed by United States Dollar denominated
   Amerika Serikat.                                                   short-term and long-term liabilities.

   Grup memonitor secara ketat fluktuasi dari nilai tukar             The Group closely monitors the foreign exchange
   mata uang asing sehingga dapat mengambil langkah-                  rate fluctuations and market expectations so it can
   langkah yang paling menguntungkan Grup pada                        take necessary actions benefited most to Group in
   waktu yang tepat.                                                  due time.

   Manajemen Grup menganggap tidak perlu melakukan                    The Group’s management currently does not
   transaksi forward/swap mata uang asing saat ini.                   consider the necessity to enter into any currency
                                                                      forward/swaps.

   Pada tanggal 31 Desember 2023 dan 2022, Grup                       As of December 31, 2023 and 2022, the Group has
   mempunyai aset dan liabilitas moneter dalam mata                   monetary assets and liabilities denominated in
   uang asing sebagai berikut:                                        foreign currencies as follows:

                                                          2023
                                                  Mata Uang
                                                     Asing/
                                                   Foreign
                                                  Currencies   Setara Rupiah/
                                                (Angka Penuh/ Equivalent in
                                                 Full Amount )    Rupiah
    Aset:                                                                                                        Assets:
      Kas di bank                         US$          50.716                 782                     Cash in banks
      Dana dalam pembatasan               US$       1.084.380              16.717                    Restricted funds
    Liabilitas:                                                                                              Liabilities:
       Utang bank jangka pendek           US$       1.073.644              16.551              Short-term bank loans
       Utang lain-lain                    US$       2.173.197              33.502                     Other payables
    Liabilitas moneter                                                                             Monetary liabilities
      dalam mata uang                                                                                     in foreign
      asing - neto                        US$      (2.111.745)            (32.554)                  currencies - net


                                                          2022
                                                  Mata Uang
                                                     Asing/
                                                   Foreign
                                                  Currencies   Setara Rupiah/
                                                (Angka Penuh/ Equivalent in
                                                 Full Amount )    Rupiah
    Aset:                                                                                                       Assets:
      Kas di bank                         US$          33.160                 523                      Cash in banks
                                          SG$          13.665                 159
      Dana dalam pembatasan               US$       1.084.380              17.058                    Restricted funds




                                                            127
Page 406
PT BAKRIELAND DEVELOPMENT Tbk                                   PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                  FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                       DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan              (Expressed in millions of Rupiah, unless otherwise
lain)                                                           stated)

44. TUJUAN DAN KEBIJAKAN RISIKO MANAJEMEN                       44. FINANCIAL RISK MANAGEMENT OBJECTIVE
    KEUANGAN (Lanjutan)                                             AND POLICIES (Continued)

                                                         2022
                                                 Mata Uang
                                                    Asing/
                                                  Foreign
                                                 Currencies   Setara Rupiah/
                                               (Angka Penuh/ Equivalent in
                                                Full Amount )    Rupiah

    Liabilitas:                                                                                               Liabilities:
       Utang bank jangka pendek          US$      1.073.644              16.889                 Short-term bank loans
       Utang lain-lain                   US$      6.133.243              96.482                        Other payables
    Aset (liabilitas) moneter                                                                         Monetary assets
      dalam mata uang                                                                                  (liabilities) in
      asing - neto                       US$      (6.089.347)            (95.790)            foreign currencies - net
                                         SG$          13.665                 159


   Berdasarkan estimasi manajemen, sampai dengan                    Based on management’s estimate, until the Group’s
   tanggal pelaporan Grup berikutnya, kurs Rupiah                   next reporting date, the exchange rate of Rupiah
   terhadap     Dolar   Amerika     Serikat dapat                   against United States Dollar may weaken/strengthen
   melemah/menguat 5% dibandingkan kurs pada                        by 5% compared to the exchange rate as of
   tanggal 31 Desember 2023 dan 2022.                               December 31, 2023 and 2022.

   Jika, pada tanggal 31 Desember 2023 dan 2022,                    If, as of December 31, 2023 and 2022, Rupiah had
   Rupiah melemah/menguat 5% terhadap mata uang                     weakened/strengthened by 5% against United
   Dolar Amerika Serikat, dengan seluruh variabel lain              States Dollar, with all other variables held constant,
   tetap, maka laba rugi dan ekuitas pada tahun yang                profit or loss and equity for the years ended
   berakhir pada tanggal 31 Desember 2023 dan 2022,                 December 31, 2023 and 2022, would have a
   akan berupa penurunan/peningkatan masing-masing                  decrease/an         increase     of     approximately
   sekitar Rp1,63 miliar dan Rp4,78 miliar. Dampak                  Rp1.63 billion and Rp4.78 billion, respectively. The
   fluktuasi nilai tukar SG$ pada tahun yang berakhir               effect of fluctuations in exchange rate of SG$ in the
   pada tanggal 31 Desember 2023 dan 2022 tidak                     years ended December 31, 2023 and 2022 are not
   material.                                                        material.

   Risiko Harga Komoditas                                           Commodity Price Risk

   Kebijakan Grup untuk meminimalkan risiko yang                    The Group’s policy is to minimize the risks arising
   berasal dari fluktuasi harga komoditas adalah dengan             from the fluctuations in commodity prices by
   menjaga tingkat kestabilan biaya pembangunan.                    maintaining the stability level of development costs.

   Risiko Harga Saham                                               Stock Price Risk

   Risiko harga saham adalah risiko di mana nilai wajar             Stock price risk is the risk that the fair value of future
   dari arus kas masa depan dari suatu instrumen                    cash flows of a financial instrument will fluctuate
   keuangan akan berfluktuasi karena perubahan harga                because of changes in the stock market.
   saham di pasar.

   Grup mengelola risiko pasar dengan secara rutin                  Group manages market risk by regularly evaluating
   melakukan evaluasi terhadap kinerja keuangan serta               the financial performance and always monitor the
   selalu memantau perkembangan pasar global.                       development of the global market.




                                                          128
Page 407
PT BAKRIELAND DEVELOPMENT Tbk                                    PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                 AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                    FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                   FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                        DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan               (Expressed in millions of Rupiah, unless otherwise
lain)                                                            stated)

44. TUJUAN DAN KEBIJAKAN RISIKO MANAJEMEN                        44. FINANCIAL RISK MANAGEMENT OBJECTIVE
    KEUANGAN (Lanjutan)                                              AND POLICIES (Continued)

   Risiko Kredit                                                     Credit Risk

   Risiko kredit adalah risiko bahwa Grup akan                       Credit risk is the risk that the Group will incur a loss
   mengalami kerugian yang timbul dari pelanggan, klien              arising from the customer, client or other party who
   atau pihak lawan yang gagal memenuhi kewajiban                    failed to meet their contractual obligations. There is
   kontraktual mereka. Tidak ada risiko kredit yang                  no significant concentration of credit risk. The Group
   terpusat secara signifikan. Grup mengelola dan                    manages and controls credit risk by setting limits of
   mengendalikan risiko kredit dengan menetapkan                     acceptable risk for customers and monitoring the
   batasan jumlah risiko yang dapat diterima untuk                   exposure associated with these restrictions.
   pelanggan dan memantau eksposur terkait dengan
   batasan-batasan tersebut.

   Grup melakukan hubungan usaha hanya dengan                        The Group conducts business relationships only
   pihak ketiga yang diakui dan kredibel. Grup memiliki              with recognized and credible third parties. The
   kebijakan untuk semua pelanggan yang akan                         Group has a policy to go through customer credit
   melakukan perdagangan secara kredit harus melalui                 verification procedures. In addition, the amount of
   prosedur verifikasi kredit. Sebagai tambahan jumlah               receivables are monitored continuously to reduce
   piutang dipantau secara terus menerus untuk                       the risk for loss for impairment of trade receivables.
   mengurangi risiko kerugian penurunan nilai piutang
   usaha.

   Grup meminimalkan keterlambatan pembayaran atas                   The Group minimizes its credit risk on trade
   piutang usaha yang timbul dari pembeli properti                   receivables from property buyers by imposing
   dengan mengenakan denda atas keterlambatan                        penalties on late payments and fines on cancellation
   pembayaran, pembatalan penjualan dengan denda                     of sale and no handovers of units if receivable is not
   pembatalan dan apabila penjualan belum dilunasi,                  yet fully paid in order for the Group to resale such
   tidak dilakukan serah terima unit yang dijual,                    units, therefore the Group can resell the properties
   sehingga dapat dilakukan penjualan kembali properti               by claimed of the loss of sale those properties.
   dengan dikenakan klaim atas kerugian yang timbul
   dari penjualan tersebut.

   Untuk risiko kredit yang timbul dari penyewa properti             Credit risk exposure on trade receivables from
   investasi dilakukan dengan cara meminta penyewa                   tenants is minimized by requiring the tenants to pay
   untuk memberikan deposit dalam bentuk tunai atau                  rent in advance prior to the effectivity of the lease
   bank garansi untuk sewa selama tiga (3) bulan, serta              term and lease deposit for three (3) months in the
   membayar uang muka sewa sebelum masa sewa                         form of cash or bank guarantee.
   berlaku.

   Tabel berikut ini memberikan informasi mengenai                   The following table provides information regarding
   maksimum risiko kredit yang dihadapi oleh Grup pada               the maximum credit risk exposure of the Group as of
   tanggal 31 Desember 2023 dan 2022:                                December 31, 2023 and 2022:

                                                 2023                2022
    Kas di bank dan setara kas                    132.378             147.110        Cash in banks and cash equivalents
    Piutang usaha - neto                          333.364             313.418                     Trade receivables - net
    Piutang lain-lain - neto                      829.714             834.314                     Other receivables - net
    Dana dalam pembatasan                          60.785              64.307                           Restricted funds
    Piutang pihak berelasi - neto                  59.069              73.441              Due from related parties - net
    Piutang lain-lain jangka panjang               82.465              91.417                Long-term other receivables
    Penyertaan dalam saham biasa yang                                                           Investments in unquoted
        tidak memiliki kuotasi pasar              135.318             135.318                        ordinary shares
    Aset lain-lain                                                                                          Other assets
        Uang jaminan                                1.712               2.077                       Security deposits
    Total                                       1.634.805           1.661.402                                         Total




                                                           129
Page 408
PT BAKRIELAND DEVELOPMENT Tbk                                                                   PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                                AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                   NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                                                   FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                                                  FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                                                       DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                                              (Expressed in millions of Rupiah, unless otherwise
lain)                                                                                           stated)

44. TUJUAN DAN KEBIJAKAN RISIKO MANAJEMEN                                                       44. FINANCIAL RISK MANAGEMENT OBJECTIVE
    KEUANGAN (Lanjutan)                                                                             AND POLICIES (Continued)

   Tabel berikut memberikan kualitas kredit dan analisis                                               The following table provides the credit quality and
   umur aset keuangan Grup sesuai dengan peringkat                                                     age analysis of the Group’s financial assets
   kredit debitur pada tanggal 31 Desember 2023 dan                                                    according to the Group’s credit ratings of debtors as
   2022:                                                                                               of December 31, 2023 and 2022:

                                                                                        2023
                                    Belum Jatuh        Telah Jatuh Tempo Tetapi Belum Diturunkan Nilainya/
                                    Tempo Dan                       Past Due But Not Impaired
                                     Tidak Ada                                 31 Hari                                  Telah Jatuh
                                     Penurunan                                 Sampai                                   Tempo Dan
                                        Nilai/             Sampai              90 Hari/          Lebih Dari             Diturunkan
                                    Neither Past           30 Hari/           31 Days             90 Hari/               Nilainya/
                                       Due Nor              Up To              Up To                Over               Past Due And       Total/
                                      Impaired             30 Days            90 Days             90 Days                impaired         Total
    Kas di bank dan setara kas               99.460            32.889                   -                  29                     -        132.378         Cash in banks and cash equivalents
    Piutang usaha                            11.043            22.589              16.565             283.167               182.599        515.963                           Trade receivables
    Piutang lain-lain                             -                 -                   -             829.714                12.246        841.960                           Other receivables
    Dana dalam pembatasan                    25.243               115                   -              35.427                     -         60.785                             Restricted funds
    Piutang pihak berelasi                        -                 -                   -              59.069                16.254         75.323                     Due from related parties
    Piutang lain-lain jangka panjang              -                 -                   -              82.465                15.351         97.816                 Long-term other receivables
    Penyertaan dalam saham biasa yang                                                                                                                                 Investments in unquoted
       tidak memiliki kuotasi pasar                -                -                   -             135.318                17.064        152.382                           ordinary shares
    Aset lain-lain                                                                                                                                                                Other assets
       Uang jaminan                           1.658                 -                  11                     43                  -           1.712                        Security deposits
    Total                                   137.404            55.593              16.576           1.425.232               243.514       1.878.319                                      Total



                                                                                        2022
                                        Belum Jatuh    Telah Jatuh Tempo Tetapi Belum Diturunkan Nilainya/
                                        Tempo Dan                   Past Due But Not Impaired
                                         Tidak Ada                             31 Hari                                   Telah Jatuh
                                         Penurunan                             Sampai                                    Tempo Dan
                                            Nilai/         Sampai              90 Hari/          Lebih Dari              Diturunkan
                                        Neither Past       30 Hari/           31 Days             90 Hari/                Nilainya/
                                           Due Nor          Up To              Up To                Over                Past Due And       Total/
                                          Impaired         30 Days            90 Days             90 Days                 impaired         Total
    Kas di bank dan setara kas               147.110                    -                -                   -                     -         147.110         Cash in banks and cash equivalents
    Piutang usaha                                  -                    -           48.438             264.980               175.319         488.737                           Trade receivables
    Piutang lain-lain                              -                    -           12.468             821.846                10.842         845.156                           Other receivables
    Dana dalam pembatasan                     64.307                    -                -                   -                     -          64.307                             Restricted funds
    Piutang pihak berelasi                     1.400                    -           11.265              60.776                36.836         110.277                     Due from related parties
    Piutang lain-lain jangka panjang               -                    -            6.922              84.495                16.405         107.822                 Long-term other receivables
    Penyertaan dalam saham biasa yang                                                                                                                                   Investments in unquoted
       tidak memiliki kuotasi pasar          135.318                    -                   -                      -          17.064         152.382                           ordinary shares
    Aset lain-lain                                                                                                                                                                  Other assets
       Uang jaminan                               43             1.920                  36                     77                     -            2.076                     Security deposits
    Total                                    348.178             1.920              79.129           1.232.174               256.466       1.917.867                                        Total




   Kualitas kredit instrumen keuangan dikelola oleh Grup                                               The credit quality of financial instruments is
   menggunakan peringkat kredit internal. Instrumen                                                    managed by the Group using internal credit ratings.
   keuangan diklasifikasikan sebagai “Belum jatuh                                                      Financial instruments classified under “neither past
   tempo dan tidak ada penurunan nilai” meliputi                                                       due nor impaired” includes high grade credit quality
   instrumen dengan kualitas kredit tinggi karena ada                                                  instruments because there was few or no history of
   sedikit atau tidak ada pengalaman kegagalan                                                         default on the agreed terms based on the letter of
   (default) pada kesepakatan berdasarkan surat kuasa,                                                 authorization, letter of guarantee or promissory note.
   surat jaminan atau promissory note.

   Instrumen keuangan diklasifikasikan sebagai “telah                                                  Financial instruments classified under “past due but
   jatuh tempo tetapi belum diturunkan nilainya” adalah                                                not impaired” are items with a history of frequent
   akun-akun dengan pengalaman kegagalan (default)                                                     default nevertheless the amount due are still
   yang sering namun demikian jumlah terhutang masih                                                   collectible.
   tertagih.

   Terakhir,   instrumen    keuangan    diklasifikasikan                                               Lastly, financial instruments classified under “past
   sebagai “telah jatuh tempo dan diturunkan nilainya”                                                 due and impaired” are those that are long
   adalah akun yang telah lama belum dilunasi dan telah                                                outstanding and have been provided with provision
   dibentuk penyisihan kerugian penurunan nilai piutang.                                               for impairment loss on receivables.




                                                                                        130
Page 409
PT BAKRIELAND DEVELOPMENT Tbk                                        PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                     AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                        NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                        FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                       FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                            DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                   (Expressed in millions of Rupiah, unless otherwise
lain)                                                                stated)

44. TUJUAN DAN KEBIJAKAN RISIKO MANAJEMEN                            44. FINANCIAL RISK MANAGEMENT OBJECTIVE
    KEUANGAN (Lanjutan)                                                  AND POLICIES (Continued)

   Risiko Likuiditas                                                          Liquidity Risk

   Risiko likuiditas adalah risiko di mana Grup tidak bisa                    Liquidity risk is the risk that the Group cannot meet
   memenuhi liabilitas pada saat jatuh tempo.                                 obligations at maturity. Management evaluates and
   Manajemen melakukan evaluasi dan pengawasan                                closely monitors cash inflows (cash-in) and cash
   yang ketat atas arus kas masuk (cash-in) dan kas                           outflow (cash-out) to ensure the availability of funds
   keluar (cash-out) untuk memastikan tersedianya dana                        to meet payment obligations due. In general, the
   untuk memenuhi kebutuhan pembayaran liabilitas                             funding requirements for the repayment of short-
   yang jatuh tempo. Secara umum, kebutuhan dana                              term liabilities and long-term maturities derived from
   untuk pelunasan liabilitas jangka pendek maupun                            sales to customers.
   jangka panjang yang jatuh tempo diperoleh dari
   penjualan kepada pelanggan.

   Kebutuhan likuiditas Grup timbul dari kebutuhan                            Liquidity needs of the Group arises from the need to
   dalam membiayai investasi dan pengeluaran barang                           finance investment and capital expenditures relating
   modal yang terkait dengan perluasan bisnis properti                        to expansion of business property and property
   dan infrastruktur yang berhubungan dengan properti.                        related infrastructure. Where this business requires
   Di mana bisnis ini memerlukan dukungan dana yang                           substantial financial support mainly to accelerate the
   cukup    besar     terutama   untuk  mempercepat                           development of existing areas and expand the area
   pembangunan atas area yang sudah ada serta                                 of development and supporting infrastructure.
   memperluas area pengembangan dan infrastruktur
   pendukungnya.

   Pada normanya, di dalam mengelola risiko likuiditas,                       In the norm, in managing liquidity risk, the Group
   Grup memantau dan menjaga tingkat kas dan setara                           monitors and maintains levels of cash and cash
   kas yang dianggap memadai untuk membiayai                                  equivalents deemed adequate to finance the
   operasional Grup dan untuk mengatasi dampak dari                           operations of the Group and to overcome the impact
   fluktuasi arus kas. Grup juga secara rutin                                 of fluctuations in cash flows. The Group also
   mengevaluasi proyeksi arus kas dan arus kas aktual,                        regularly evaluates cash flows projections and
   termasuk jadwal jatuh tempo utang jangka panjang                           actual cash flows, including the schedule of
   mereka, dan terus menelaah kondisi pasar keuangan                          maturing long-term debt, and continues to examine
   untuk mengambil inisiatif penggalangan dana.                               the condition of financial markets to take a
   Kegiatan ini dapat meliputi pinjaman bank, penerbitan                      fundraising initiative. These activities may include
   surat utang ataupun penerbitan ekuitas di pasar                            bank loans, issuance of debt or equity issuance in
   modal.                                                                     the capital market.

   Tabel di bawah ini merupakan jadwal jatuh                                  The table below summarizes the maturity profile of
   tempo liabilitas keuangan Grup pada tanggal                                the   Group’s    financial  liabilities as      of
   31 Desember 2023 dan 2022:                                                 December 31, 2023 and 2022:

                                                                  2023
                              Dibawah                                                 Lebih
                              1 Tahun/                                              5 Tahun/
                               Below        1 - 2 Tahun/       3 - 5 Tahun/           Over          Total/
                               1 Year       1 - 2 Years        3 - 5 Years           Years          Total
    Utang bank jangka
      pendek                     345.071                   -                  -                -      345.071    Short-term bank loans
    Pembiayaan Musyarakah                                                                                                   Short-term
      jangka pendek               11.850                   -                  -                -       11.850   Musyarakah financing
    Utang usaha                  115.451                   -                  -                -      115.451           Trade payables
    Utang lain-lain              192.576                   -                  -                -      192.576           Other payables
    Beban masih
      harus dibayar              558.212                   -                  -                -      558.212        Accrued expenses
    Utang bank jangka                                                                                                  Long-term bank
      panjang                     62.271         108.890             81.250                    -      252.411                 loans




                                                               131
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PT BAKRIELAND DEVELOPMENT Tbk                                       PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                    AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                       FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                      FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                           DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                  (Expressed in millions of Rupiah, unless otherwise
lain)                                                               stated)

44. TUJUAN DAN KEBIJAKAN RISIKO MANAJEMEN                            44. FINANCIAL RISK MANAGEMENT OBJECTIVE
    KEUANGAN (Lanjutan)                                                  AND POLICIES (Continued)

                                                                 2023
                            Dibawah                                                  Lebih
                            1 Tahun/                                               5 Tahun/
                             Below         1 - 2 Tahun/       3 - 5 Tahun/           Over          Total/
                             1 Year        1 - 2 Years        3 - 5 Years           Years          Total
    Pembiayaan Musyarakah                                                                                                     Long-term
      jangka panjang             5.175           61.793                      -                -       66.968   Musyarakah financing
    Utang usaha                                                                                                        Long-term trade
      jangka panjang            17.194                    -                  -                -       17.194                 payables
    Utang lain-lain                                                                                                    Long-term other
      jangka panjang                   -          8.223                 258            69.700         78.181                 payables
    Utang pembelian                                                                                               Liability for purchase
      aset tetap                   695              254                   -                 -            949         of fixed assets
    Utang pihak berelasi             -              236               5.731            13.837         19.804     Due to related parties

    Total                    1.308.495          179.396              87.239            83.537      1.658.667                       Total


                                                                 2022
                            Dibawah                                                  Lebih
                            1 Tahun/                                               5 Tahun/
                             Below         1 - 2 Tahun/       3 - 5 Tahun/           Over          Total/
                             1 Year        1 - 2 Years        3 - 5 Years           Years          Total
    Utang bank jangka
      pendek                   421.109                    -                  -                -     421.109     Short-term bank loans
    Pembiayaan Musyarakah                                                                                                  Short-term
      jangka pendek                300                    -                  -                -         300    Musyarakah financing
    Utang usaha                117.248                    -                  -                -     117.248            Trade payables
    Utang lain-lain            270.433                    -                  -                -     270.433            Other payables
    Beban masih
      harus dibayar            492.405                    -                  -                -     492.405         Accrued expenses
    Utang bank jangka                                                                                                  Long-term bank
      panjang                   55.753           13.423             188.177                   -     257.353                      loans
    Pembiayaan Musyarakah                                                                                                     Long-term
      jangka panjang             2.010                    -          70.424                   -       72.434   Musyarakah financing
    Utang usaha                                                                                                        Long-term trade
      jangka panjang                   -                  -                  -         17.194         17.194                 payables
    Utang lain-lain                                                                                                    Long-term other
      jangka panjang                   -         55.000                      -          5.619         60.619                 payables
    Utang pembelian                                                                                               Liability for purchase
      aset tetap                  738               460                  57                 -          1.255         of fixed assets
    Utang pihak berelasi            -             1.886              19.957             4.423         26.266     Due to related parties

    Total                    1.359.996           70.769             278.615            27.236      1.736.616                      Total



   PENGELOLAAN MODAL                                                         CAPITAL MANAGEMENT

   Tujuan utama pengelolaan modal Grup adalah untuk                          The primary objective of the Group’s capital
   memastikan terpeliharanya rasio modal yang sehat                          management is to ensure that healthy capital ratios
   untuk mendukung usaha dan memaksimalkan imbal                             are maintained in order to support its business and
   hasil bagi pemegang saham.                                                maximize shareholders’ value.

   Grup mengelola struktur permodalan dan melakukan                          The Group manages its capital structure and makes
   penyesuaian      berdasarkan  perubahan    kondisi                        adjustments to it, in light of changes in economic
   ekonomi. Untuk memelihara atau menyesuaikan                               conditions. To maintain or adjust the capital
   struktur permodalan, Grup dapat menyesuaikan                              structure, the Group may adjust the dividend
   pembayaran dividen kepada pemegang saham,                                 payment to shareholders, issue new shares or raise
   menerbitkan saham baru atau mengusahakan                                  debt financing. No changes are made in the
   pendanaan melalui pinjaman. Tidak ada perubahan                           objectives, policies or processes during the periods
   atas tujuan kebijakan maupun proses selama periode                        presented.
   penyajian.

   Kebijakan Grup adalah mempertahankan struktur                             The Group’s policy is to maintain a healthy capital
   permodalan yang sehat untuk mengamankan akses                             structure in order to secure access to finance at a
   terhadap pendanaan pada biaya yang wajar.                                 reasonable cost.


                                                              132
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PT BAKRIELAND DEVELOPMENT Tbk                                               PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                            AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                               NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                               FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                              FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                                   DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                          (Expressed in millions of Rupiah, unless otherwise
lain)                                                                       stated)

44. TUJUAN DAN KEBIJAKAN RISIKO MANAJEMEN                                   44. FINANCIAL RISK MANAGEMENT OBJECTIVE
    KEUANGAN (Lanjutan)                                                         AND POLICIES (Continued)

   Sebagaimana praktik yang berlaku umum, Grup                                   As general practice, the Group evaluates its capital
   mengevaluasi struktur permodalan melalui rasio                                structure through a debt-to-equity ratio (gearing
   utang terhadap modal (gearing ratio) yang dihitung                            ratio) calculated by dividing the net debt to capital.
   melalui pembagian antara utang neto dengan modal.                             Net debt is equal to the total liabilities as presented
   Utang neto adalah jumlah liabilitas sebagaimana                               in the consolidated statement of financial position
   disajikan di dalam laporan posisi keuangan                                    reduced by the total of cash and cash
   konsolidasian dikurangi dengan jumlah kas dan                                 equivalents,while      the   capital      includes   all
   setara kas,sedangkan modal meliputi seluruh                                   components of equity in the consolidated statement
   komponen ekuitas dalam laporan posisi keuangan                                of financial position.
   konsolidasian.

   Pada tanggal 31 Desember 2023 dan 2022,                                       As of December 31, 2023 and 2022, the ratio
   perhitungan rasio tersebut adalah sebagai berikut:                            calculation is as follows:

                                                             2023                2022
    Total liabilitas                                        2.507.808           2.671.612                                   Total liabilities
    Dikurangi kas                                             133.760             148.136                                       Less cash
    Utang neto                                              2.374.048           2.523.476                                        Net Debt
    Total ekuitas                                           6.131.245           7.241.847                                      Total equity
    Rasio utang
       terhadap ekuitas                                           0,39                    0,35                      Debt-to-equity ratio



45. KELOMPOK INSTRUMEN KEUANGAN                                             45. FINANCIAL INSTRUMENTS BY CATEGORY

   Tabel di bawah ini menyajikan perbandingan atas                               The table below is a comparison of the carrying
   nilai tercatat dengan nilai wajar dari instrumen                              amounts and fair value of the Group’s financial
   keuangan Grup yang tercatat dalam laporan                                     instruments that are carried in the consolidated
   keuangan       konsolidasian    pada      tanggal                             financial statements as of December 31, 2023 and
   31 Desember 2023 dan 2022:                                                    2022:

                                                     2023                                   2022
                                          Nilai               Nilai              Nilai              Nilai
                                       tercatat/             wajar/           tercatat/            wajar/
                                       Carrying               Fair            Carrying              Fair
                                         value               value              value              value

    ASET KEUANGAN                                                                                                        FINANCIAL ASSETS

    Diukur pada biaya
      perolehan diamortisasi:                                                                                      Measured at amortized cost:
      Kas dan setara kas                  133.760              133.760           148.136             148.136      Cash and cash equivalents
      Piutang usaha - neto                333.364              333.364           313.418             313.418         Trade receivables - net
      Piutang lain-lain - neto            829.714              829.714           834.314             834.314         Other receivables - net
      Dana dalam pembatasan                60.785               60.785            64.307              64.307               Restricted funds
      Piutang pihak                                                                                                        Due from related
         berelasi - neto                   59.069               59.069            73.441              73.441                 parties - net
      Piutang lain-lain                                                                                                    Long-term other
         jangka panjang                    82.465               82.465            91.417              91.417                 receivables
      Aset lain-lain                                                                                                           Other assets
         Uang jaminan                        1.712               1.712              2.077              2.077            Security deposits
    Nilai wajar melalui                                                                                                    Fair value through
       penghasilan komprehensif lain                                                                           other comprehensive income
      Penyertaan dalam saham
        biasa yang tidak memiliki                                                                                   Investments in unquoted
        kuotasi pasar                     135.318              135.318           135.318             135.318              ordinary shares
    Total Aset Keuangan                 1.636.187            1.636.187         1.662.428           1.662.428           Total Financial Assets




                                                                      133
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PT BAKRIELAND DEVELOPMENT Tbk                                        PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                     AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                        NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                        FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                       FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                            DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                   (Expressed in millions of Rupiah, unless otherwise
lain)                                                                stated)

45. KELOMPOK INSTRUMEN KEUANGAN (Lanjutan)                           45. FINANCIAL         INSTRUMENTS       BY     CATEGORY
                                                                         (Continued)

                                               2023                                 2022
                                    Nilai              Nilai             Nilai              Nilai
                                 tercatat/            wajar/          tercatat/            wajar/
                                 Carrying              Fair           Carrying              Fair
                                   value              value             value              value

    LIABILITAS
    KEUANGAN                                                                                              FINANCIAL LIABILITIES

    Diukur pada biaya
      perolehan diamortisasi:                                                                          Measured at amortized cost:
      Utang bank                                                                                              Short-term bank
         jangka pendek              345.071             345.071          421.109             421.109                   loans
      Pembiayaan Musyarakah                                                                                         Short-term
         jangka pendek               11.850              11.850              300                 300    Musyarakah financing
      Utang usaha                   115.451             115.451          117.248             117.248           Trade payables
      Utang lain-lain               192.576             192.576          270.433             270.433            Other payables
      Beban masih harus
         dibayar                    558.212             558.212          492.405             492.405          Accrued expenses
      Liabilitas jangka
         panjang:                                                                                             Long-term debts:
         Utang usaha                 17.194              17.194           17.194              17.194         Trade payables
         Utang bank                 252.411             252.411          257.353             257.353             Bank loans
         Pembiayaan Musyarakah       66.968              66.968           72.434              72.434    Musyarakah financing
      Utang lain-lain
         jangka panjang              78.181              78.181           60.619              60.619   Long-term other payables
      Utang pembelian aset                                                                                 Liability for purchase
         tetap                          949                 949            1.255               1.255           of fixed assets
      Utang pihak berelasi           19.804              19.804           26.266              26.266      Due to related parties
    Total Liabilitas                                                                                             Total Financial
      Keuangan                     1.658.667          1.658.667         1.736.616          1.736.616               Liabilities


    Metode-metode dan asumsi-asumsi di bawah ini                         The following methods and assumptions are used to
    digunakan untuk mengestimasi nilai wajar untuk                       estimate the fair value of each class of financial
    masing-masing kelas instrumen keuangan:                              instruments:

    1. Kas dan setara kas, piutang usaha dan lain-lain                   1. Cash and cash equivalents, trade and other
                                                                            receivables

       Seluruh aset keuangan tersebut merupakan aset                         All of these financial assets are current financial
       keuangan lancar yang akan jatuh tempo dalam                           assets which are due within twelve (12) months,
       waktu dua belas (12) bulan sehingga nilai tercatat                    thus the carrying value of the financial assets
       aset keuangan tersebut kurang lebih telah                             approximate their fair values.
       mencerminkan nilai wajarnya.

    2. Penyertaan dalam saham biasa yang tidak                           2. Investments in unquoted ordinary shares
       memiliki kuotasi pasar

       Penyertaan dalam saham biasa yang tidak                               Investments in unquoted ordinary shares are
       memiliki dicatat pada biaya perolehan karena nilai                    carried at cost as their fair values cannot be
       wajarnya tidak dapat diukur secara andal.                             reliably measured.

    3. Utang bank jangka pendek, pembiayaan                              3. Short-term bank loans, short-term Musyarakah
       Musyarakah jangka pendek, utang usaha, utang                         financing, trade payables, other payables and
       lain-lain dan beban masih harus dibayar                              accrued expenses

       Seluruh liabilitas keuangan tersebut merupakan                        All of these financial liabilities are short-term
       liabilitas keuangan jangka pendek yang akan jatuh                     financial liabilities which are due within
       tempo dalam waktu dua belas (12) bulan sehingga                       twelve (12) months, thus the carrying value of
       nilai tercatat liabilitas keuangan tersebut kurang                    the financial liabilities approximate their fair
       lebih telah mencerminkan nilai wajarnya.                              value.



                                                               134
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PT BAKRIELAND DEVELOPMENT Tbk                                     PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                  AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                     FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                    FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                         DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                (Expressed in millions of Rupiah, unless otherwise
lain)                                                             stated)

45. KELOMPOK INSTRUMEN KEUANGAN (Lanjutan)                        45. FINANCIAL        INSTRUMENTS         BY    CATEGORY
                                                                      (Continued)

    4. Dana    dalam    pembatasan, utang  bank,                      4. Restricted funds, bank loans, long-term
       pembiayaan Musyarakah jangka panjang dan                          Musyarakah financing and liability for purchase
       utang pembelian aset tetap.                                       of fixed assets.

      Nilai wajar instrumen keuangan mendekati nilai                       The fair value of these financial instruments
      tercatat karena tingkat suku bunganya dinilai                        approximate their carrying values largely due to
      ulang secara berkala.                                                their interest rates are frequently repriced.

    5. Piutang lain-lain jangka panjang, piutang pihak                5. Long-term other receivables, due from related
       berelasi, aset lain-lain, utang lain-lain jangka                  parties, other assets, long-term other payables
       panjang dan utang pihak berelasi                                  and due to related parties

      Nilai wajar instrumen keuangan dicatat sebesar                       The fair value of these financial instruments is
      biaya historis karena nilai wajarnya tidak dapat                     carried at historical cost because their fair value
      diukur secara andal. Tidak praktis untuk                             cannot be measured reliably. It is not practical to
      mengestimasi nilai wajar instrumen-instrumen                         estimate the fair value of these asset
      aset tersebut karena tidak ada jangka waktu                          instruments because there is no fixed payment
      pembayaran      yang   pasti    walaupun    tidak                    term and is not expected to be completed within
      diharapkan untuk diselesaikan dalam jangka                           twelve (12) months after the reporting date.
      waktu dua belas (12) bulan setelah tanggal
      pelaporan.


46. KELANGSUNGAN USAHA                                            46. GOING CONCERN

   Grup     mengalami    kerugian   berulang     yang                 The Group incurred recurring losses resulting to a
   menyebabkan defisit dalam laporan posisi keuangan                  deficit in the consolidated statements of financial
   konsolidasian. Untuk tahun yang berakhir pada                      position. For the year ended December 31, 2023,
   tanggal 31 Desember 2023, Grup mengalami kerugian                  the Group incurred loss from its activities and
   dari kegiatan usahanya dan melaporkan rugi neto                    reported a net loss for the current year amounting to
   tahun berjalan sebesar Rp1,12 triliun dan defisit                  Rp1.12 trillion and a deficit of Rp1.29 trillion as at
   sebesar      Rp1,29     triliun  pada      tanggal                 December 31, 2023.
   31 Desember 2023.

   Kesinambungan usaha Grup tergantung oleh                           The Group’s ability to continue as going concern
   tercapainya rencana manajemen dan dukungan                         entities depends on the result of management’s
   secara berkesinambungan dari pemegang saham                        plan and continuing support from the Group’s
   Grup. Laporan keuangan konsolidasian disusun                       shareholders. The consolidated financial statements
   dengan asumsi Grup akan melanjutkan usahanya                       have been prepared assuming the Group will
   secara berkesinambungan.                                           continue as a going concern entity.

   Untuk menghadapi keadaan tersebut, manajemen                       To deal with the situation, the management of the
   Grup berupaya menyusun rencana strategis, antara                   Group has prepared a strategic plan, among others:
   lain:
    1. Berfokus pada pertumbuhan pendapatan yang                      1.     Focusing on sustainable revenue through:
         berkelanjutan melalui:
         a. Pengembangan proyek           properti   non-                    a.   Developing new non-recurring property
             recurring baru, berupa cluster perumahan                             projects, namely middle-segment housing
             segmen menengah di area Bogor dan                                    clusters in Bogor and Sidoarjo areas;
             Sidoarjo;
         b. Melanjutkan dan menyelesaikan proyek                             b.   Continuing and completing residential
             residensial di area Bogor dan Sidoarjo;                              projects in Bogor and Sidoarjo areas;

        c.   Mengembangkan proyek recurring baru                             c.   Developing new recurring projects such as
             seperti taman bermain keluarga di beberapa                           family amusement parks on several
             tanah pengembangan yang ada; dan                                     existing land banks; and
        d.   Melakukan renovasi/pengembangan kembali                         d.   Performing       assets     renovation/re-
             aset      untuk   meningkatkan      potensi                          development      to   enhance    potential
             pendapatan.                                                          revenue.


                                                            135
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PT BAKRIELAND DEVELOPMENT Tbk                                   PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                  FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                       DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan              (Expressed in millions of Rupiah, unless otherwise
lain)                                                           stated)

46. KELANGSUNGAN USAHA (Lanjutan)                               46. GOING CONCERN (Continued)

   2.   Melanjutkan efisiensi operasional Grup.                     2.   Continuing operational efficiency of the Group.
   3.   Melakukan upaya kemitraan untuk mempercepat                 3.   Performing partnership efforts to expedite
        tahap pengembangan proyek.                                       project development phase.
   4.   Menyinergikan fungsi penjualan dan pemasaran                4.   Synergizing sales and marketing functions
        di   dalam     Grup     untuk   mengoptimalkan                   within the Group to optimize sales growth.
        pertumbuhan penjualan.

   Dengan rencana manajemen di atas serta dukungan                  With the management plan above and continuous
   keuangan yang berkesinambungan dari pemegang                     financial support from the Group’s shareholders, the
   saham Grup, manajemen Grup berkeyakinan bahwa                    Group’s management believes that the Group will
   Grup akan melanjutkan operasinya sebagai entitas                 continue its operations as a going concern entity.
   yang memiliki kelangsungan usaha. Laporan                        The consolidated financial statements include the
   keuangan konsolidasian mencakup dampak dari                      going concern effects to the extent that those
   kelangsungan usaha sepanjang hal tersebut dapat                  effects could be determined and estimated. The
   ditentukan dan diperkirakan. Laporan keuangan                    Group’s consolidated financial statements do not
   konsolidasian Grup tidak mencakup penyesuaian                    include any adjustments that may arise as a result
   yang mungkin timbul dari hasil ketidakpastian                    of those uncertainties.
   tersebut.


47. PERKARA        HUKUM        DAN       KEWAJIBAN             47. LEGAL MATTER AND CONTINGENCY
    BERSYARAT

   Perkara Litigasi Perdata Bernd Hogel                             Bernd Hogel Litigation Case

   Pada tanggal 13 September 2022, Perusahaan dan                   On September 13, 2022, the Company and
   PT Surya Global Nusantara, Entitas Anak masing-                  PT Surya Global Nusantara, a Subsidiary as the
   masing sebagai Termohon I dan Termohon II                        Respondent I and Respondent II, respectively
   menerima penetapan eksekuatur dari Pengadilan                    received an executory decision from the Central
   Negeri Jakarta Pusat No. 55/2022.Eks Putusan Badan               Jakarta District Court No. 55/2022.Eks Putusan
   Arbitrase Internasional - Singapore International                Badan Arbitrase Internasional - Singapore
   Arbitration Centre (SIAC) Final Award No. 085 Tahun              International Arbitration Center (SIAC) Final Award
   2021 tanggal 12 Agustus 2021 Jo. No. 06/ARB-                     No. 085 of 2021 on August 12, 2021 Jo. No.
   Arbitrase dan Alternatif Penyelesaian Sengketa                   06/ARB-Arbitration      and    Alternative  Dispute
   tertanggal 31 Agustus 2022 yang dimohonkan oleh                  Resolution dated August 31, 2022 filed by Bernd
   Bernd Hogel. Penetapan eksekuatur tersebut                       Hogel. The executory decision ordered the
   memerintahkan kepada para Termohon untuk                         Respondents to pay US$5.02 million and
   membayar        sebesar     US$5,02     juta    dan              SG$328.58 thousand to the Claimant.
   SG$328,58 ribu kepada Pemohon.

   Pada tanggal 3 Januari 2023, Perusahaan dan                      On January 3, 2023, the Company and
   PT Surya Global Nusantara (SGN), Entitas Anak,                   PT Surya Global Nusantara (SGN), a Subsidiary,
   mengajukan       gugatan     perlawanan     terhadap             filed a lawsuit against Bernd Hogel through the
   Bernd Hogel melalui Pengadilan Negeri Jakarta Pusat              Central Jakarta District Court as registered in the
   sebagaimana terdaftar dalam Register Perkara                     Register of Civil Cases No. 6/Pdt.G/2023/PN.Jkt
   Perdata No. 6/Pdt.G/2023/PN.Jkt.Pst sehubungan                   .Pst connection with execution order No. 55/2022
   dengan perintah eksekusi No. 55/2022 Jo. Putusan                 Jo. International Arbitration Board Decision No. 085
   Badan      Arbitrase    Internasional   No.      085             of      2021       on       August     12,     2021
   Tahun     2021     tanggal    12    Agustus     2021             Jo. No.06/ARB-INT/2022/PN.JKT.PST filed by
   Jo.    No.    06/ARB-INT/2022/PN.JKT.PST        yang             Bernd Hogel. The counterclaim is an attempt by the
   dimohonkan oleh Bernd Hogel. Gugatan perlawanan                  Company and SGN to refuse the execution order
   tersebut merupakan upaya Perusahaan dan SGN                      requested by Bernd Hogel.
   untuk menolak perintah eksekusi yang dimohonkan
   oleh Bernd Hogel.




                                                          136
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PT BAKRIELAND DEVELOPMENT Tbk                                       PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                    AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                       FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                      FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                           DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                  (Expressed in millions of Rupiah, unless otherwise
lain)                                                               stated)

47. PERKARA     HUKUM             DAN        KEWAJIBAN              47. LEGAL MATTER AND CONTINGENCY (Continued)
    BERSYARAT (Lanjutan)

   Informasi yang biasanya disyaratkan oleh PSAK 57                     The information usually required by PSAK 57
   “Provisi, liabilitas, kontinjensi, dan aset kontinjensi”             “Provisions, contingent liabilities, and contingent
   tidak diungkapkan karena dapat membentuk                             assets” is not disclosed on the grounds that it can
   prasangka tertentu atas penyelesaian permasalahan                    be expected to prejudice the outcome of the
   hukum tersebut. Sampai dengan tanggal penyelesaian                   litigation. As of the completion date of the
   laporan keuangan konsolidasian, kasus tersebut                       consolidated financial statements, the trial of the
   masih dalam proses persidangan dan belum ada                         case is still ongoing and there has been no final and
   keputusan yang berkekuatan hukum tetap dan                           binding legal decision.
   mengikat.


48. PERISTIWA SETELAH PERIODE PELAPORAN                             48. EVENTS AFTER THE REPORTING PERIOD

   a. Utang Bank dan Pinjaman Selain Bank                               a. Bank Loans and Non-Bank Loans
      1.   Pada tanggal 4 Januari 2024, PT Bakrie                          1. On January 4, 2024, PT Bakrie Swasakti
           Swasakti Utama (BSU), Entitas Anak, telah                          Utama (BSU), a Subsidiary, has settled bank
           melunasi pinjaman pada PT Bank KB Bukopin                          loan from PT Bank KB Bukopin Tbk
           Tbk (KB Bukopin) atas fasilitas pinjaman                           (KB Bukopin) of an investment credit facility
           kredit investasi dengan jumlah pagu                                with a maximum amount of Rp45 billion.
           maksimum sebesar Rp45 miliar.

      2.   Pada tanggal 27 Februari 2024, BSU, Entitas                      2. On February 27, 2024, BSU, a Subsidiary,
           Anak, memperoleh persetujuan perpanjangan                           obtained an agreement to extend the term of
           jangka waktu fasilitas pinjaman kredit dengan                       the credit loan facility with KB Bukopin until
           KB Bukopin, sampai dengan tanggal                                   March 27, 2025. The loan facility bears an
           27 Maret 2025. Fasilitas pinjaman tersebut                          interest rate of 1.5% per annum above the
           dikenai tingkat suku bunga 1,5% per tahun di                        guaranteed deposit interest rate and a
           atas suku bunga deposito yang dijaminkan                            provision fee of 0.125% of the ceiling
           dan biaya provisi sebesar 0,125% dari plafon                        prepaid all at once (Note 19b).
           dibayar dimuka sekaligus (Catatan 19b).

      3.   Pada tanggal 22 Februari 2024, BSU, Entitas                      3. On February 22, 2024, BSU, a Subsidiary,
           Anak, memperoleh persetujuan perpanjangan                           received an approval of application
           jangka waktu fasilitas pinjaman kredit dengan                       extension of Loan Facility from PT Bank
           PT Bank Rakyat Indonesia (Persero) Tbk,                             Rakyat Indonesia (Persero) Tbk, to be up to
           sampai dengan tanggal 24 Maret 2025.                                March 24, 2025. This loan facility bears an
           Fasilitas pinjaman tersebut dikenai tingkat                         interest rate of 3.31% per annum, which
           suku bunga 3,31% per tahun yang dapat                               may change as required by the bank
           berubah       sesuai       ketentuan     bank                       (Note 19c).
           (Catatan 19c).

      4.   Pada tanggal 25 Maret 2024, PT Provices                          4. On March 25, 2024, PT Provices Indonesia,
           Indonesia, Entitas Anak, telah melunasi                             a Subsidiary, has settle a loan from
           pinjamannya pada PT Alami Fintek Sharia                             PT Alami Fintek Sharia (Note 20c).
           (Catatan 20c).

   b. Perjanjian Penting                                                b. Significant Agreement

      1. Pada tanggal 11 Maret 2024, PT Mutiara                            1.   On March 11, 2024, PT Mutiara Mahsyur
         Mahsyur Sejahtera (MMS), Entitas Anak, dan                             Sejahtera (MMS), a Subsidiary, and
         PT     Graha     Istana     Nirwana     (GIN)                          PT Graha Istana Nirwana (GIN) signed an
         menandatangani      perjanjian   pengakhiran                           agreement to terminate the KSO MMS-GIN
         kerjasama KSO MMS-GIN dengan mekanisme                                 cooperation with a settlement mechanism
         penyelesaian     bahwa      akan    dilakukan                          that it will be returned in connection with
         pengembalian sehubungan dengan partisipasi                             KSO participation to MMS amounting to
         KSO kepada MMS sebesar Rp5,55 miliar                                   Rp5.55 billion in accordance with the fair
         sesuai dengan nilai wajar berdasarkan laporan                          value based on an independent appraisal
         penilai independen. Sampai dengan belum                                report. Until the payment has not been
         dilakukan pembayaran maka, MMS akan                                    made, MMS will record it as a receivable to
         mencatat sebagai piutang kepada GIN.                                   GIN.


                                                              137
Page 416
PT BAKRIELAND DEVELOPMENT Tbk                                    PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                 AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                    FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                   FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                        DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan               (Expressed in millions of Rupiah, unless otherwise
lain)                                                            stated)

48. PERISTIWA    SETELAH      PERIODE        PELAPORAN           48. EVENTS AFTER           THE     REPORTING        PERIOD
    (Lanjutan)                                                       (Continued)

           Sebagai dampak penyelesaian KSO tersebut,                           As a result of the KSO settlement, MMS
           MMS mengakui kerugian atas selisih dari nilai                       recognized a loss of the dfifferences arising
           tercatat    dibandingkan    dengan      nilai                       from net assets compare with termination
           penyelesaian sebagai “Kerugian penyelesaian                         value “Loss on termination of joint venture”.
           ventura bersama”.


49. INFORMASI TAMBAHAN ATAS TRANSAKSI YANG                       49. SUPPLEMENTARY CASH FLOWS INFORMATION
    TIDAK MEMENGARUHI ARUS KAS                                       FOR NON-CASH ACTIVITIES

    Informasi pendukung laporan arus kas konsolidasian                Supplementary information to the consolidated
    sehubungan     dengan     aktivitas  yang     tidak               statements of cash flows relating to non-cash
    memengaruhi arus kas adalah sebagai berikut:                      activities is as follows:

    a.   Aktivitas non-kas yang signifikan                            a.     Significant non-cash activities

                                                     2023              2022
         Reklasifikasi dari aset tetap ke                                                     Reclassification of fixed assets
            tanah untuk pengembangan                  75.273                     -               to land for development
         Reklasifikasi dari tanah untuk                                                           Reclassification of land for
            pengembangan ke persediaan                61.659                     -            development to inventories
         Keuntungan penghapusan utang
            lain-lain                                 57.157                               Gain on write-off of other payables
         Penurunan uang muka pembelian                                                     Decrease of advance for purchase
            tanah melalui saling hapus                                                          of land through offsetting
            utang lain-lain                           36.520                     -                against other payables
         Reklasifikasi dari tanah untuk
            pengembangan ke persediaan                                                            Reclassification of land for
            dan pembebanan ke beban                                                       development to inventories and
            pokok pendapatan                          20.185                     -         expensing to cost of revenues
         Penurunan utang bank jangka                                                             Decrease in term bank debt
            panjang melalui dekonsolidasi                                                   long through deconsolidation
            Entitas Anak                                     -             335.894                            of Subsidiary
         Konversi utang lain-lain -                                                           Conversion of other payables -
            pihak ketiga sebagai setoran                                                          third party as a deposit
            modal Entitas Anak                               -              71.000                  capital of Subsidiaries
         Reklasifikasi uang muka pelanggan                                                       Reclassification of customer
            kepada utang lain-lain -                                                        advances to other payables -
            pihak ketiga                                     -              54.400                               third party
                                                                                                  Reclassification of advance
         Reklasifikasi uang muka pembelian                                                       payment for purchase of
             tanah ke persediaan                             -              33.430                      land to inventories
         Saling hapus piutang lain-lain                                                        Offsetting other receivables to
             kepada uang muka pelanggan                      -              31.500                    customer advances
         Penurunan utang lain-lain                                                                Decrease in other payables
             jangka panjang melalui                                                                      long term through
             uang muka pelanggan                             -              13.950                    customer advances
         Reklasifikasi pembiayaan musyarakah                                                  Reclassification of musyarakah
             jangka pendek ke jangka                                                              short-term musyarakah
             panjang                                         -               3.595              to long-term musyarakah




                                                           138
Page 417
PT BAKRIELAND DEVELOPMENT Tbk                                                   PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                                                AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                   NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                                   FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                                                  FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                                       DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan                              (Expressed in millions of Rupiah, unless otherwise
lain)                                                                           stated)

49. INFORMASI TAMBAHAN ATAS TRANSAKSI YANG                                      49. SUPPLEMENTARY CASH FLOWS INFORMATION
    TIDAK MEMENGARUHI ARUS KAS (Lanjutan)                                           FOR NON-CASH ACTIVITIES (Continued)

   b.   Perubahan pada liabilitas yang timbul dari                                    b. Changes in liabilities arising from financial
        aktivitas pendanaan                                                               activities

                                                                            2023
                                         Saldo                                                                   Saldo
                                      1 Januari/                                                             31 Desember/
                                     Balance as of            Arus Kas/               Lain-lain/             Balance as of
                                      January 1,             Cash Flows                Others                December 31,
         Utang bank jangka
           pendek                          421.109                   (75.700)                      (338)              345.071             Short-term bank loans
         Pembiayaan Musyarakah                                                                                                                          Short-term
           jangka pendek                       300                   11.550                        -                   11.850           Musyarakah financing
         Utang lain-lain                   331.052                   35.231                  (95.526)                 270.757                      Other payables
         Utang pihak berelasi               26.266                   (6.168)                    (294)                  19.804             Due to related parties
         Utang bank jangka                                                                                                                              Long-term
           panjang                         257.353                    (4.942)                         -               252.411                         bank loan
         Pembiayaan Musyarakah                                                                                                                          Long-term
           jangka panjang                    72.434                   (5.466)                         -                66.968           Musyarakah financing
         Utang pembelian aset                                                                                                           Liability for purchase of
           tetap                                 1.255                 (306)                          -                  949                       fixed assets


                                                                            2022
                                     Saldo                              Dekonsolidasi                                      Saldo
                                  1 Januari/                            Entitas Anak/                                  31 Desember/
                                 Balance as of      Arus Kas/          Deconsolidation         Lain-lain/              Balance as of
                                  January 1,       Cash Flows           of Subsidiary           Others                 December 31,
         Utang bank jangka
           pendek                    726.596             (307.057)                       -                  1.570          421.109            Short-term bank loans
         Pembiayaan Musyarakah                                                                                                                              Short-term
           jangka pendek               4.000                (105)                      -                    (3.595)            300          Musyarakah financing
         Utang lain-lain             320.606              38.426                  (4.731)                  (23.249)        331.052                     Other payables
         Utang pihak berelasi         35.970                 810                 (12.179)                    1.665          26.266            Due to related parties
         Utang bank jangka                                                                                                                                  Long-term
           panjang                   628.570              (35.323)              (335.894)                        -         257.353                        bank loan
         Pembiayaan Musyarakah                                                                                                                              Long-term
           jangka panjang              68.839                   -                        -                  3.595           72.434          Musyarakah financing
         Utang pembelian aset                                                                                                               Liability for purchase of
           tetap                         930                 325                         -                       -              1.255                  fixed assets




50. STANDAR AKUNTANSI                KEUANGAN                 YANG              50. FINANCIAL ACCOUNTING STANDARDS NOT YET
    BELUM DITERAPKAN                                                                ADOPTED

   Ikatan Akuntan Indonesia (IAI) telah menerbitkan                                  The Indonesian Institute of Accountants (IAI)
   amendemen standar akuntansi yang berlaku efektif                                  has issued amendments to accounting standards
   untuk periode tahun buku yang dimulai pada tanggal                                which are not yet effective for annual periods
   1 Januari 2024. Namun, penerapan dini                                             beginning on January 1, 2024. However, earlier
   diperkenankan.                                                                    application is permitted.

   Amendemen PSAK yang telah diterbitkan dan                                         The amendments to PSAK issued and effective for
   berlaku efektif untuk periode tahun buku yang                                     annual    periods    beginning  on or     after
   dimulai pada atau setelah tanggal 1 Januari 2024                                  January 1, 2024 are as follows:
   adalah sebagai berikut:
   - Amendemen PSAK No. 1, “Penyajian Laporan                                         - Amendment to PSAK No. 1, “Presentation of
     Keuangan terkait Liabilitas Jangka Panjang                                         Financial Statements related to Non-Current
     dengan Kovenan; dan                                                                Liabilities with Covenants; and
   - Amendemen PSAK No. 73, “Sewa” tentang                                            - Amendment to PSAK No. 73, “Leases” related to
     Liabilitas Sewa pada Transaksi Jual dan Sewa-                                      Lease Liability in a Sale and Leaseback.
     balik.




                                                                          139
Page 418
PT BAKRIELAND DEVELOPMENT Tbk                                PT BAKRIELAND DEVELOPMENT Tbk
DAN ENTITAS ANAK                                             AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                NOTES TO CONSOLIDATED
KONSOLIDASIAN                                                FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR PADA                               FOR THE YEARS ENDED
TANGGAL-TANGGAL 31 DESEMBER 2023 DAN 2022                    DECEMBER 31, 2023 AND 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan           (Expressed in millions of Rupiah, unless otherwise
lain)                                                        stated)

50. STANDAR AKUNTANSI KEUANGAN               YANG            50. FINANCIAL ACCOUNTING STANDARDS NOT YET
    BELUM DITERAPKAN (Lanjutan)                                  ADOPTED (Continued)

   Pernyataan baru PSAK yang telah diterbitkan dan              The new PSAK and amendment to PSAK issued and
   berlaku efektif untuk periode tahun buku yang                effective for annual periods beginning on or after
   dimulai       pada     atau       setelah tanggal            January 1, 2025 are as follows:
   1 Januari 2025 adalah sebagai berikut:
   - PSAK No. 74, “Kontrak Asuransi”; dan                        - PSAK No. 74, “Insurance Contracts”; dan
   - Amendemen PSAK No. 74, “Kontrak Asuransi”                   - Amendment to PSAK No. 74, “Insurance
      tentang Penerapan Awal PSAK No. 74 dan PSAK                  Contracts” regarding the Initial Application of
      No. 71 - Informasi Komparatif.                               PSAK No. 74 and PSAK No. 71 - Comparative
                                                                   Information .

   Grup sedang mempelajari dampak yang mungkin                  The Group is evaluating the potential impact on the
   timbul dari penerapan SAK tersebut terhadap                  consolidated financial statements as a result of the
   laporan keuangan konsolidasian.                              adoption of such SAK.




                                                       140
Page 419

          
Page 420
2023              Laporan Tahunan
                  Annual Report




PT Bakrieland Development Tbk
Wisma Bakrie 1, 6th floor
Jl. HR Rasuna Sai Kav. B-1
Jakarta, Indonesia 12920

Telp     : +6221 525 7835
Fax      : +6221 522 5063
Email    : corporate.info@bakrieland.com

File

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Published30 Apr 2024
Pages420
Characters2,236,565
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Names mentioned 203 people and organisations named in the text · linked when the evidence is strong

linked org Bakrieland Development Tbk · Nama Perusahaan p.23 ×70
linked — KPD Simas Equity p.27 ×3
linked org PT Bukit Jonggol Asri p.30 ×13
linked org PT Graha Andrasentra p.31 ×28
linked org Sentul City Tbk p.31 ×12
linked org PT Danatama Perkasa p.31 ×3
linked org Surya Global p.38 ×4
linked person Bambang Irawan Hendradi · Presiden Komisaris p.41 ×6
linked person Kanaka Puradiredja · Komisaris Independen p.43 ×5
linked org PT Bakrie Telecom p.44
linked org Bakrie Sumatera Plantations Tbk p.44 ×11
linked org Petromine Energy p.127
linked org Energi Mega Persada Tbk p.127 ×2
linked org Darma Henwa Tbk p.127 ×2
linked org Bumi Resources Minerals Tbk p.127 ×2
possible org Negara Republik Indonesia p.26
possible org Bursa Efek Indonesia p.28 ×5
possible org Propertindo Tbk · Direktur Utama p.31 ×6
possible org PT Bakrie Capital Indonesia p.41 ×11
possible org Bumi Resources Tbk p.41 ×4
possible org PT Anugerah p.41
possible person Armansyah Yamin · Komisaris p.42 ×3
possible org Prasetio p.45
unresolved person Environmental Aspect · Komisaris Independen p.5
unresolved org PT Provices Indonesia. p.16 ×11
unresolved org PT Provices Indonesia. Maintained ISO p.16
unresolved org PT Provices p.16 ×4
unresolved org PT Jasa Boga Raya p.17 ×20
unresolved org PT Jungeland Asia p.18
unresolved org PT Jungleland Asia p.18 ×5
unresolved org PT Bahana Sukma Sejahtera p.23 ×5
unresolved org PT Nimo Kreasindo Utama p.23 ×2
unresolved person Akta Notaris John Leonard Waworuntu p.26 ×2
unresolved org Menteri Kehakiman Republik Indonesia p.26
unresolved org Minister of Justice p.26
unresolved org Interventures Capital Pte. Ltd p.27 ×2
unresolved org PT Purilestari Indah Pratama. Berselang p.28
unresolved org PT Purilestari Indah Pratama. Four p.28
unresolved org Indonesia Stock Exchange p.28 ×5
unresolved org PT Elang p.28
unresolved org Elang Realty Tbk. p.28 ×14
unresolved org Realty Tbk. p.28
unresolved org PT Bakrieland p.29 ×3
unresolved org Development Tbk. p.29 ×3
unresolved org PT Bakrie Nirwana Semesta p.30 ×9
unresolved org PT Bali Nirwana Resort p.30 ×3
unresolved org PT Catur Swasakti Utama p.30 ×5
unresolved org PT Bakrie Toll Road p.30 ×4
unresolved org PT Bakrie Swasakti Utama p.30 ×27
unresolved org PT Bakrie Infrastructure p.30 ×4
unresolved org PT Semesta Marga Raya p.30 ×5
unresolved org PT Satria Cita Perkasa p.30 ×2
unresolved org Pan Galactic Investment Ltd. p.30 ×2
unresolved org PT Puri Lestari Indah p.30
unresolved org Transglobal Finance Ltd. p.30 ×2
unresolved org PT Semesta p.30
unresolved org PT Puri Lestari p.30
unresolved org BLD Investment Pte. Ltd. p.30 ×2
unresolved org PT Bukit Jonggol p.30 ×2
unresolved org PT Bakrie Swasakti Utama. Bakrieland p.30
unresolved org PT Bukit p.30
unresolved org PT Bukit Issuance p.30
unresolved org PT Lido Nirwana Parahyangan p.31 ×2
unresolved org PT Fusion Plus Indonesia p.31 ×2
unresolved org PT Mutiara Masyhur Sejahtera. p.31 ×4
unresolved org PT Gili Tirta Anugrah. p.31 ×2
unresolved org Graha Andrasentra Propertindo Tbk · Komisaris p.31 ×31
unresolved org PT Bali Nirwana p.31
unresolved org PT Bukit Jonggol Resort. p.31
unresolved org PT Samudera Asia Nasional. p.31 ×2
unresolved org Graha Andrasentra Propertinddo Tbk p.31 ×2
unresolved org PT Graha p.31 ×2
unresolved org Andrasentra Propertindo Tbk p.31 ×2
unresolved org PT Prima Bisnis p.31
unresolved org PT Riverton Group. General Meeting p.31
unresolved org PT Bakrie Nirwana p.31
unresolved org PT Riverton Group. p.31
unresolved org PT Adiprotek Envirodunia. p.31 ×2
unresolved org PT Prima Bisnis Utama p.31 ×3
unresolved person Aulia Taufani · Notaris p.35 ×2
unresolved org PT ProVices Indonesia Bogor p.36
unresolved org PT Bakrie Pangripta Loka A p.36
unresolved org PT Krakatau Lampung p.37 ×2
unresolved org PT Graha Multi Insani p.37 ×5
unresolved org PT Mutiara Masyhur Sejahtera Pengembangan Township p.37
unresolved org PT Superwish Perkasa p.38 ×6
unresolved org PT Bumi Daya Makmur p.38 ×4
unresolved org PT Bakrie Pangripta Loka p.38 ×4
unresolved org PT Bakrie Pesona Rasuna p.38 ×7
unresolved org PT Rasuna Residence Development p.38 ×6
unresolved org PT Provices Karya Mandiri p.38 ×2
unresolved org PT Provices Lintas Mandiri p.38 ×2
unresolved org PT Provices Prima Mandiri p.38 ×2
unresolved org PT Provices Total Mandiri p.38 ×2
unresolved org PT Maju Makmur Sejahtera p.38 ×2
unresolved org PT Nugraha Adhikarsa p.38
unresolved org PT Inti Permata Sejati p.38 ×2
unresolved org PT Mitra Langgeng p.38
unresolved org PT Megah Djati Karya p.38 ×2
unresolved org PT Surya Global Nusantara p.38 ×3
unresolved org PT Andrasentra p.38
unresolved org PT Citrasaudara Abadi p.38 ×4
unresolved org PT Bakrie Nirwana Realty p.38 ×2
unresolved org PT Bumi Sentra Investama p.38
unresolved org PT Minarak Position History p.41
unresolved person Brantas Gas · Komisaris Utama p.41
unresolved org PT Bakrie Finance Corporation p.41 ×2
unresolved org Resources Tbk p.41
unresolved org PT Catur Swasakti p.41
unresolved org PT Bakrie Nusantara Corporation p.41 ×3
unresolved org PT Bakrie Nusantara p.41
unresolved org PT Sanggraha Pelita Jaya p.41 ×2
unresolved person Stadium · Direktur Keuangan p.41
unresolved org PT Pillar Abhimantra p.41
unresolved org PT Djarot p.41 ×6
unresolved org PT Pillar Abhimantra Rigunas Group p.41
unresolved org PT Adirama p.41 ×2
unresolved org PT Indohero p.41 ×2
unresolved org PT Anugerah Saraswati p.41
unresolved person Concurrently · Direktur Utama p.41 ×2
unresolved org PT Minarak Brantas Gas · Komisaris p.41 ×3
unresolved org PT Gaia Energi Baik p.41 ×2
unresolved org Yayasan Pendidikan Bakrie p.41
unresolved person Trustee · Komisaris p.41
unresolved person Affiliation · Komisaris p.41 ×6
unresolved org Brothers Tbk p.42 ×8
unresolved org PT Arm p.42 ×2
unresolved org PT Asuransi Ikrar Lloyd p.42 ×2
unresolved person Kalimantan · President Director p.42 ×2
unresolved org PT Bouraq Indonesia Airlines p.42 ×2
unresolved org PT Bakrie · Komisaris p.42 ×17
unresolved org PT Krakatau Lampung Tourism Development p.42 ×3
unresolved org Pengurus p.43
unresolved org PT Bakrie Swasakti Position History p.44
unresolved person Telecom · Direktur p.44
unresolved org PT Bakrie Utama p.44
unresolved org PT Bakrie Power p.44 ×2
unresolved org Sumatera Plantations Tbk · Direktur Utama p.44
unresolved org PT Tanjung Jati Power p.44 ×2
unresolved org PT Satelit p.44
unresolved org PT Sony Music Entertainment Indonesia p.44
unresolved org PT Satelit Palapa Indonesia p.44
unresolved org PT Motorola Indonesia Starpage Joint p.44
unresolved org PT Sony Music Entertainment Venture p.44
unresolved org PT Philips p.44
unresolved org PT Motorola Ralin Electronic p.44
unresolved org PT Philips Ralin Electronic p.44 ×7
unresolved org PT Bahana Sukma p.45
unresolved org PT Bahana Sukma Sejahtera Position History p.45
unresolved org PT Jasa Boga p.45
unresolved org PT Bakrie Nirwana Resort p.45 ×2
unresolved org PT Bumi Sentra Concurrently p.45
unresolved org PT Bumi Concurrent Position p.45
unresolved org PT Bakrie Pesona Sentra Investama p.45
unresolved org PT Bahana Position History p.46
unresolved org PT Bakrie Director KSO Perum Perumnas p.46
unresolved org PT Bakrie Swasakti p.46
unresolved org PT DHS Engineering p.46
unresolved org PT DHS Engineering Corporation p.46
unresolved org Alatief Corporation p.46
unresolved org PT Bakrie Swasakti Concurrently p.46
unresolved org PT Bakrie Concurrent Position p.46
unresolved person Ambono Janurianto · Presiden Direktur p.47 ×2
unresolved person Fandrizal · Direktur p.47
unresolved person Djafarullah · Direktur p.47
unresolved — Non-Pengendali p.48
unresolved org Non-NPWP Limited Liability Company Terbatas NPWP NPWP Limited p.49
unresolved org Yayasan p.49
unresolved — 2023 Annual Report Bakrieland p.49
unresolved org PT Bahana Sukmasejahtera p.51
unresolved person H. Thamrin p.51
unresolved org PT Nugraha Adhikarsa Pratama p.52
unresolved org PT Mitra Langgeng Sejahtera p.52
unresolved org PT Andrasentra Properti Services p.52
unresolved org Kantor Akuntan Publik Public Accounting Firm Sesuai p.52
unresolved org Kantor Akuntan Publik Y. p.52
unresolved org Y. Santosa Santosa dan Rekan p.52
unresolved person Tjiendradjaja Yamin p.52 ×2
unresolved org Akuntan Publik p.52
unresolved org Y. Santosa dan Rekan p.53
unresolved org PT SINARTAMA GUNITA Menara Tekno p.53
unresolved org Bank Indonesia p.60 ×8
unresolved org Bank Indonesia’s p.60
unresolved org Bank Hasil Survei Bank Indonesia p.68
unresolved org Kementerian Pariwisata dan Ekonomi Kreatif p.68
unresolved org Ministry of Tourism and Creative p.68
unresolved org Pusat Statistik p.72
unresolved org Kota Nusantara p.73 ×2
unresolved org PT Aston International Indonesia p.102
unresolved org PT Aston p.102
unresolved org Kementerian Dalam Negeri p.103
unresolved org Kementerian Keuangan p.103
unresolved org Ministry of Home Affairs p.103
unresolved org Kementerian Kelautan p.103
unresolved org Kementerian Luar Negeri p.103
unresolved org Ministry of Maritime Affairs p.103
unresolved org Ministry of Sakit AMC Yogyakarta p.103
unresolved org Kementerian Perdagangan p.103
unresolved org PT Petromine Energy Trading p.127
unresolved org Financial Services Authority p.135
unresolved person Meanwhile · Komisaris p.138
unresolved — communication p.140
unresolved person Fulfilled · Komisaris p.141

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